Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

French (CAC) Tech Sector Analysis

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies91
  • 7D-5.2%
  • 3M-1.6%
  • 1Y-27.8%
  • YTD-6.2%

Over the last 7 days, the Tech industry has dropped 5.2%, driven by pullbacks in Capgemini and Dassault Systèmes of 9.1% and 5.6%, respectively. However, the industry is down 28% over the past year. Looking forward, earnings are forecast to grow by 18% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Feb 2026€94.5b€62.6b€3.6b21.9x26.2x1.5x
Fri, 02 Jan 2026€101.4b€63.5b€4.0b21.5x25.6x1.6x
Sun, 30 Nov 2025€97.1b€63.6b€4.0b20.7x24.5x1.5x
Tue, 28 Oct 2025€101.0b€63.5b€4.1b20.8x24.9x1.6x
Thu, 25 Sep 2025€106.3b€63.4b€4.2b16.5x25.5x1.7x
Sat, 23 Aug 2025€105.1b€63.3b€4.2b16.5x25x1.7x
Mon, 21 Jul 2025€120.7b€73.2b€5.1b17x23.8x1.6x
Wed, 18 Jun 2025€119.2b€73.3b€5.1b16.3x23.4x1.6x
Fri, 16 May 2025€118.9b€73.6b€5.1b16.2x23.3x1.6x
Sun, 13 Apr 2025€106.2b€75.2b€5.5b14.5x19.4x1.4x
Tue, 11 Mar 2025€130.3b€67.8b€5.3b16.9x24.5x1.9x
Thu, 06 Feb 2025€133.8b€68.4b€5.3b17.1x25.2x2x
Sat, 04 Jan 2025€122.3b€69.7b€5.8b16.8x20.9x1.8x
Mon, 02 Dec 2024€121.9b€69.4b€5.8b16.3x21.1x1.8x
Wed, 30 Oct 2024€128.0b€70.1b€6.4b16.1x19.9x1.8x
Fri, 27 Sep 2024€138.3b€69.5b€6.4b19x21.7x2x
Sun, 25 Aug 2024€133.0b€69.7b€6.5b17.1x20.4x1.9x
Tue, 23 Jul 2024€144.7b€71.1b€7.1b19.8x20.4x2x
Thu, 20 Jun 2024€142.6b€71.3b€7.1b18.9x20x2x
Sat, 18 May 2024€153.9b€73.1b€6.9b22.1x22.4x2.1x
Mon, 15 Apr 2024€154.4b€73.5b€7.4b20.7x20.8x2.1x
Wed, 13 Mar 2024€169.2b€85.9b€6.0b20.6x28.1x2x
Fri, 09 Feb 2024€167.2b€88.0b€6.3b21.1x26.6x1.9x
Sun, 07 Jan 2024€161.5b€89.0b€6.8b22x23.8x1.8x
Tue, 05 Dec 2023€164.2b€89.1b€6.8b20.2x24x1.8x
Thu, 02 Nov 2023€145.4b€89.7b€7.0b18.6x20.8x1.6x
Sat, 30 Sep 2023€147.7b€89.2b€6.9b18.6x21.4x1.7x
Mon, 28 Aug 2023€150.8b€88.2b€6.8b21.1x22x1.7x
Wed, 26 Jul 2023€161.2b€86.1b€6.6b21.4x24.3x1.9x
Fri, 23 Jun 2023€159.2b€86.3b€6.6b19.2x23.9x1.8x
Sun, 21 May 2023€153.4b€86.3b€6.6b19.5x23.2x1.8x
Tue, 18 Apr 2023€156.0b€85.1b€6.3b20.1x24.6x1.8x
Thu, 16 Mar 2023€164.1b€89.7b€6.4b21.1x25.7x1.8x
Sat, 11 Feb 2023€170.4b€85.9b€4.1b23x41.9x2x
Price to Earnings Ratio

41.9x


Total Market Cap: €170.4bTotal Earnings: €4.1bTotal Revenue: €85.9bTotal Market Cap vs Earnings and Revenue0%0%0%
French Tech Sector Price to Earnings3Y Average 23.6x202420252026
Current Industry PE
  • Investors are optimistic on the French Information Technology industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 26.2x which is higher than its 3-year average PE of 23.6x.
  • The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have declined 3.9% per year over the last three years,
  • Revenues have also declined 10% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

FR Market-0.97%
Tech-5.16%
Electronic Equipment and Components3.38%
Tech Hardware0.72%
Communications-3.10%
Semiconductors-4.41%
Software-5.69%
IT-6.63%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 17.2x.
    • Analysts are expecting annual earnings growth of 34.6%, which is higher than its past year's earnings decline of 57.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 105% over the next 5 years.
  • This is better than its past earnings decline of 79% per year.
  • In contrast, the IT industry is expected to see its earnings grow by 9.2% 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
ATE Alten€76.054.5%
+€115.1m		-12.8%PE17.6x
VU Vusion€135.504.2%
+€92.1m		-19.1%PS2x
AL2SI 2CRSI€15.4814.7%
+€44.2m		294.9%PE162.4x
NRO Neurones€40.903.3%
+€31.6m		-11.9%PE19.6x
AUB Aubay Société Anonyme€59.102.6%
+€19.2m		27.9%PE21.8x

Latest News

STMPA
€23.49
STMicroelectronics
7D
-3.9%
1Y
8.5%
WAVE
€57.50
Wavestone
7D
-7.0%
1Y
15.0%
ATO
€54.10
Atos
7D
-9.8%
1Y
157.6%

ATO: Future AI Contracts And Guidance Will Not Justify Current Optimism

Analysts have revised their fair value estimate for Atos from €20.60 to €45.00, citing updated assumptions on the discount rate, revenue trajectory, profit margin, and future P/E as key drivers behind the new target. What's in the News Atos issued earnings guidance for the fourth quarter of 2025, with group revenue estimated at €2,004 million and full year 2025 revenue estimated at €8,001 million, or €8,030 million at September 30, 2025 currency, described as in line with a previously communicated target of above €8b (Corporate guidance).
AL2SI
€15.48
2CRSI
7D
14.7%
1Y
294.9%

Revenues Tell The Story For 2CRSI S.A. (EPA:AL2SI) As Its Stock Soars 27%

Jan 31
Revenues Tell The Story For 2CRSI S.A. (EPA:AL2SI) As Its Stock Soars 27%
AUB
€59.10
Aubay Société Anonyme
7D
2.6%
1Y
27.9%
ATE
€76.05
Alten
7D
4.5%
1Y
-12.8%
CAP
€121.95
Capgemini
7D
-9.1%
1Y
-31.2%
INF
€43.40
Infotel
7D
4.3%
1Y
9.3%
LBIRD
€23.50
Lumibird
7D
3.1%
1Y
211.7%
DSY
€22.35
Dassault Systèmes
7D
-5.6%
1Y
-45.0%

A Look At The Intrinsic Value Of Dassault Systèmes SE (EPA:DSY)

Jan 27
A Look At The Intrinsic Value Of Dassault Systèmes SE (EPA:DSY)
SOI
€24.51
Soitec
7D
-12.6%
1Y
-71.0%

SOI: Future Earnings Delivery And Margin Discipline Will Challenge Recent Bearish Repricing

Analysts have modestly lifted their fair value estimate for Soitec to €50.24 from €49.24, while recent Street price target cuts to €40 and €20 reflect more cautious views on near term earnings power and valuation multiples. Analyst Commentary The recent Street research on Soitec reflects a more cautious tone around shorter term earnings visibility and valuation, with price targets adjusted to €40 and €20.
VU
€135.50
Vusion
7D
4.2%
1Y
-19.1%

VU: Major Store Digitization Rollouts Will Support Future Share Upside

Analysts have reduced their price target on Vusion from €283.88 to €259.75. This reflects updated assumptions for slower revenue growth, slightly lower profit margins, a marginally higher discount rate, and a higher forward P/E multiple based on recent research updates.
ATEME
€8.26
ATEME
7D
15.0%
1Y
102.9%
SOP
€141.20
Sopra Steria Group
7D
-4.9%
1Y
-19.4%

SOP: Buy Case Will Depend On Leadership Transition Execution

Sopra Steria Group’s fair value estimate has edged up to about €198.92, as analysts adjust price targets in a mixed way. One has moved to €168 from €160 and another to €209 from €214, while keeping broadly stable views on discount rate, revenue growth, profit margin, and future P/E assumptions.
PLNW
€18.46
Planisware SAS
7D
-13.7%
1Y
-36.9%
NRO
€40.90
Neurones
7D
3.3%
1Y
-11.9%

These 4 Measures Indicate That Neurones (EPA:NRO) Is Using Debt Safely

Dec 03
These 4 Measures Indicate That Neurones (EPA:NRO) Is Using Debt Safely