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French (CAC) Tech Sector Analysis

UpdatedJan 07, 2026
DataAggregated Company Financials
Companies93
  • 7D2.0%
  • 3M-3.6%
  • 1Y-16.3%
  • YTD2.1%

In the last week, the Tech industry is up 2.0%, with STMicroelectronics up 11%. However, the industry is down 16% over the past year. Earnings are forecast to grow by 19% annually.

Sector Valuation and Performance

Has the French Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 07 Jan 2026€103.4b€63.5b€4.0b21.4x26.1x1.6x
Fri, 05 Dec 2025€100.3b€63.5b€4.0b21.4x25.3x1.6x
Sun, 02 Nov 2025€100.2b€63.7b€4.0b19.4x24.9x1.6x
Tue, 30 Sep 2025€105.9b€63.4b€4.1b18.3x25.6x1.7x
Thu, 28 Aug 2025€103.2b€63.4b€4.2b15.7x24.5x1.6x
Sat, 26 Jul 2025€110.9b€72.7b€4.7b16.1x23.7x1.5x
Mon, 23 Jun 2025€116.4b€73.3b€5.1b16.4x22.9x1.6x
Wed, 21 May 2025€118.1b€73.5b€5.1b15.5x23.1x1.6x
Fri, 18 Apr 2025€108.8b€75.1b€5.5b14.9x19.9x1.4x
Sun, 16 Mar 2025€127.4b€77.3b€5.6b17.9x22.9x1.6x
Tue, 11 Feb 2025€132.4b€68.6b€5.4b16.8x24.6x1.9x
Thu, 09 Jan 2025€125.6b€69.6b€5.8b16.9x21.5x1.8x
Sat, 07 Dec 2024€127.0b€69.6b€5.8b16.4x21.9x1.8x
Mon, 04 Nov 2024€123.5b€68.9b€5.8b16.3x21.4x1.8x
Wed, 02 Oct 2024€135.8b€69.7b€6.4b16.9x21.3x1.9x
Fri, 30 Aug 2024€136.0b€69.8b€6.5b18.7x20.8x1.9x
Sun, 28 Jul 2024€137.4b€70.1b€6.6b18.9x20.9x2x
Tue, 25 Jun 2024€143.2b€71.4b€7.1b19.3x20.1x2x
Thu, 23 May 2024€157.3b€71.1b€7.2b22.2x22x2.2x
Sat, 20 Apr 2024€151.7b€73.6b€7.5b20.4x20.3x2.1x
Mon, 18 Mar 2024€163.6b€84.9b€6.0b20.7x27.5x1.9x
Wed, 14 Feb 2024€164.1b€88.1b€6.3b20.7x26x1.9x
Fri, 12 Jan 2024€162.3b€88.9b€6.8b21.9x24x1.8x
Sun, 10 Dec 2023€168.4b€89.3b€6.9b20.9x24.6x1.9x
Tue, 07 Nov 2023€150.7b€89.3b€6.9b19.7x21.9x1.7x
Thu, 05 Oct 2023€147.7b€89.4b€6.9b19x21.4x1.7x
Sat, 02 Sep 2023€155.3b€88.3b€6.9b20.8x22.7x1.8x
Mon, 31 Jul 2023€163.1b€87.6b€6.7b22.2x24.2x1.9x
Wed, 28 Jun 2023€156.2b€86.3b€6.7b19.2x23.5x1.8x
Fri, 26 May 2023€150.6b€86.3b€6.6b19.5x22.7x1.7x
Sun, 23 Apr 2023€153.1b€85.0b€6.3b20.8x24.4x1.8x
Tue, 21 Mar 2023€156.5b€85.0b€6.1b20.2x25.5x1.8x
Thu, 16 Feb 2023€172.8b€85.9b€4.1b23x42.6x2x
Sat, 14 Jan 2023€160.1b€84.6b€3.4b22x46.5x1.9x
Price to Earnings Ratio

46.5x


Total Market Cap: €160.1bTotal Earnings: €3.4bTotal Revenue: €84.6bTotal Market Cap vs Earnings and Revenue0%0%0%
French Tech Sector Price to Earnings3Y Average 24.1x202420252026
Current Industry PE
  • Investors are relatively neutral on the French Information Technology industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 24.1x.
  • The industry is trading close to its 3-year average PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 4.8% per year over the last three years.
  • Meanwhile revenues for these companies have declined 9.1% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the French Tech sector?

FR Market1.14%
Tech1.98%
Semiconductors11.17%
Communications1.78%
Tech Hardware0.76%
Electronic Equipment and Components0.41%
IT-0.49%
Software-0.90%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 15.9x.
    • Analysts are expecting annual earnings growth of 38.5%, which is higher than its past year's earnings decline of 68.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 67% over the next 5 years.
  • This is better than its past earnings decline of 50% per year.
  • In contrast, the IT industry is expected to see its earnings grow by 9.1% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
STMPA STMicroelectronics€24.7010.0%
+€2.0b		-0.02%PE47.8x
CAP Capgemini€147.103.4%
+€817.4m		-6.8%PE15.9x
DSY Dassault Systèmes€24.131.2%
+€381.7m		-29.8%PE27.1x
SOI Soitec€26.2013.0%
+€107.4m		-70.1%PE86.6x
VU VusionGroup€209.002.4%
+€80.4m		24.9%PS3x

Latest News

XFAB
€5.52
X-FAB Silicon Foundries
7D
6.7%
1Y
11.3%

Is X-FAB Silicon Foundries (EPA:XFAB) A Risky Investment?

Jan 07
Is X-FAB Silicon Foundries (EPA:XFAB) A Risky Investment?
STMPA
€24.70
STMicroelectronics
7D
10.0%
1Y
-0.02%

STMPA: Margin Reset And Softer Recovery Will Shape Multi Year Earnings Path

Analysts have nudged our fair value estimate for STMicroelectronics slightly higher to €24.68 from €24.62. This reflects modest adjustments to growth, margin and future P/E assumptions after a broad round of reduced price targets that highlight concerns around gross margin pressure, softer revenue recovery and nearer term guidance.
DSY
€24.13
Dassault Systèmes
7D
1.2%
1Y
-29.8%

DSY: Transition And Communication Clarity Will Shape Future Market Reappraisal

Narrative Update Analysts have trimmed their fair value view on Dassault Systèmes to €23 from €26. This reflects updated assumptions for slightly lower revenue growth, a modestly adjusted profit margin profile, and a lower future P/E multiple, as they see the business in transition and the timing of any clear inflection as uncertain.
CAP
€147.10
Capgemini
7D
3.4%
1Y
-6.8%
ATO
€53.49
Atos
7D
6.6%
1Y
154.7%

ATO: AI And Data Initiatives Will Mask Weakening Revenue Outlook

Analysts have increased their fair value estimate for Atos from €43.00 to €46.50, citing updated assumptions around revenue trends, profit margins, and forward P/E multiples. What's in the News Atos is participating in the Forensics of Intelligent Systems research project with several German academic and research institutions, focusing on tools to detect and investigate manipulation of AI systems and aligning with its focus on trustworthy AI and European data sovereignty (Key Developments).
SOI
€26.20
Soitec
7D
13.0%
1Y
-70.1%

Is Soitec SA (EPA:SOI) Potentially Undervalued?

Jan 03
Is Soitec SA (EPA:SOI) Potentially Undervalued?
LSS
€25.00
Lectra
7D
-2.0%
1Y
-3.8%

With Lectra SA (EPA:LSS) It Looks Like You'll Get What You Pay For

Dec 31
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VANTI
€0.12
Vantiva
7D
-16.7%
1Y
-7.9%
PLNW
€23.45
Planisware SAS
7D
-0.6%
1Y
-11.3%
VU
€209.00
VusionGroup
7D
2.4%
1Y
24.9%

VusionGroup (EPA:VU) Seems To Use Debt Rather Sparingly

Dec 29
VusionGroup (EPA:VU) Seems To Use Debt Rather Sparingly
ATE
€74.60
Alten
7D
3.0%
1Y
-4.4%

ATE: Governance Shift And Incoming CEO Will Support Long Term Upside Potential

Analysts have raised their price target for Alten from €114 to €118, reflecting slightly stronger expectations for long term revenue growth and valuation multiples, partially offset by modestly lower projected profit margins. What's in the News Alten confirmed its 2025 earnings guidance, expecting an organic revenue decline between 5.2% and 5.5% amid a continued slowdown since late 2023 and an uncertain macroeconomic backdrop, despite early positive signals from some clients for 2026 (company guidance) The Board decided to separate the roles of Chairman and Chief Executive Officer, aligning governance with Simon Azoulay’s stated wishes (Board meeting) Cyril Malargé, currently CEO of Sopra Steria, was appointed as Alten’s new Chief Executive Officer, with his role to become effective no later than 31 January 2026 after he leaves his current position (executive changes) The Board meeting on 8 October 2025 also considered and approved the resignation of independent director and Audit Committee Chair Aliette Mardyks, alongside other governance matters (Board meeting) Valuation Changes Fair Value: Raised slightly from €114 to €118 per share, reflecting incrementally stronger long term expectations.
AUB
€56.30
Aubay Société Anonyme
7D
-1.4%
1Y
28.1%

Aubay Société Anonyme's (EPA:AUB) Popularity With Investors Is Under Threat From Overpricing

Dec 17
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ALBFR
€236.00
Sidetrade
7D
-2.5%
1Y
4.0%
AL2SI
€10.34
2CRSI
7D
-9.8%
1Y
129.3%
74SW
€39.90
74Software
7D
-3.9%
1Y
48.9%

Is 74Software (EPA:74SW) A Risky Investment?

Nov 12
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SFPI
€1.72
GROUPE SFPI
7D
-4.4%
1Y
-16.1%