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French (CAC) Tech Sector Analysis

UpdatedMar 08, 2026
DataAggregated Company Financials
Companies91
  • 7D-0.5%
  • 3M-10.3%
  • 1Y-29.6%
  • YTD-11.0%

In the last week, the Tech industry is flat overall, with STMicroelectronics standing out by going down 4.5%. As for the longer term, the industry has declined 30% in the last year. Looking forward, 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
Sun, 08 Mar 2026€89.6b€63.5b€3.7b19.9x23.9x1.4x
Tue, 03 Feb 2026€99.1b€62.6b€3.6b23x27.4x1.6x
Thu, 01 Jan 2026€101.4b€63.5b€4.0b21.5x25.6x1.6x
Sat, 29 Nov 2025€97.1b€63.6b€4.0b20.7x24.5x1.5x
Mon, 27 Oct 2025€101.0b€63.5b€4.1b20.7x24.9x1.6x
Wed, 24 Sep 2025€106.6b€63.4b€4.2b16.3x25.6x1.7x
Fri, 22 Aug 2025€103.3b€63.4b€4.2b16.3x24.6x1.6x
Sun, 20 Jul 2025€120.7b€73.2b€5.1b17x23.8x1.6x
Tue, 17 Jun 2025€120.7b€73.2b€5.1b16.4x23.7x1.6x
Thu, 15 May 2025€118.9b€73.6b€5.1b16.3x23.3x1.6x
Sat, 12 Apr 2025€106.2b€75.2b€5.5b14.5x19.4x1.4x
Mon, 10 Mar 2025€130.0b€67.8b€5.3b16.6x24.4x1.9x
Wed, 05 Feb 2025€129.9b€68.6b€5.3b17.1x24.4x1.9x
Fri, 03 Jan 2025€123.7b€69.7b€5.8b16.9x21.1x1.8x
Sun, 01 Dec 2024€121.9b€69.4b€5.8b16.3x21.1x1.8x
Tue, 29 Oct 2024€127.2b€70.1b€6.4b15.9x19.8x1.8x
Thu, 26 Sep 2024€134.8b€69.6b€6.4b18.3x21.1x1.9x
Sat, 24 Aug 2024€133.0b€69.7b€6.5b17.1x20.4x1.9x
Mon, 22 Jul 2024€143.4b€71.1b€7.1b19.6x20.2x2x
Wed, 19 Jun 2024€146.3b€71.3b€7.1b19.3x20.5x2.1x
Fri, 17 May 2024€154.3b€73.1b€6.9b21.9x22.5x2.1x
Sun, 14 Apr 2024€154.4b€73.5b€7.4b20.7x20.8x2.1x
Tue, 12 Mar 2024€168.0b€85.9b€6.0b20.8x27.9x2x
Thu, 08 Feb 2024€163.7b€88.0b€6.3b20.8x26x1.9x
Sat, 06 Jan 2024€161.5b€89.0b€6.8b22x23.8x1.8x
Mon, 04 Dec 2023€165.5b€89.0b€6.8b20.8x24.3x1.9x
Wed, 01 Nov 2023€145.4b€89.6b€7.0b18.4x20.9x1.6x
Fri, 29 Sep 2023€145.7b€89.2b€6.9b18.7x21.1x1.6x
Sun, 27 Aug 2023€150.8b€88.2b€6.8b21.1x22x1.7x
Tue, 25 Jul 2023€162.3b€86.1b€6.6b21.1x24.6x1.9x
Thu, 22 Jun 2023€160.0b€86.4b€6.7b19.4x24x1.9x
Sat, 20 May 2023€153.4b€86.3b€6.6b19.5x23.2x1.8x
Mon, 17 Apr 2023€157.7b€85.0b€6.3b19x25x1.9x
Wed, 15 Mar 2023€168.6b€89.4b€6.3b21.9x26.6x1.9x
Price to Earnings Ratio

26.6x


Total Market Cap: €168.6bTotal Earnings: €6.3bTotal Revenue: €89.4bTotal Market Cap vs Earnings and Revenue0%0%0%
French Tech Sector Price to Earnings3Y Average 23.2x202420252026
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 23.2x.
  • The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have declined 16% per year over the last three years,
  • Revenues have also declined 11% 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-6.54%
Tech-0.48%
IT2.02%
Software1.02%
Tech Hardware0.48%
Communications-1.34%
Semiconductors-4.08%
Electronic Equipment and Components-4.11%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 21.3x.
    • Analysts are expecting annual earnings growth of 35.3%, which is higher than its past year's earnings decline of 43.0% 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 Software industry is expected to see its earnings grow by 8.9% 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
CAP Capgemini€109.752.6%
+€471.9m		-28.6%PE11.6x
DSY Dassault Systèmes€18.741.0%
+€242.2m		-52.4%PE20.5x
SOP Sopra Steria Group€137.304.6%
+€117.2m		-19.4%PE8.9x
ARTO Société Industrielle et Financière de l'Artois Société anonyme€9.20k4.5%
+€106.5m		-25.2%PE148.4x
PLNW Planisware SAS€16.945.2%
+€56.7m		-35.5%PE24.4x

Latest News

ATO
€37.89
Atos
7D
-5.7%
1Y
-17.6%
SOI
€41.70
Soitec
7D
2.0%
1Y
-28.9%

SOI: Higher Margin Hopes And Lower Future P/E Will Pressure Shares

Analysts have lifted their Soitec price targets by €3 to €4, pointing to small tweaks in revenue growth expectations, slightly higher profit margin assumptions, and a modestly lower future P/E as key drivers of the updated view. Analyst Commentary Recent research updates on Soitec point to slightly higher price targets, but the tone is not uniformly upbeat.
SOP
€137.30
Sopra Steria Group
7D
4.6%
1Y
-19.4%

SOP: Higher EUR 168 Outlook Will Support New CEO Transition

Analysts have raised the Sopra Steria Group price target to €168, an increase of €8 that they attribute to updated assumptions on growth, margins and valuation multiples, while continuing to maintain a balanced stance on the shares. Analyst Commentary Bullish Takeaways Bullish analysts see the new €168 target as consistent with updated assumptions on growth, margins and valuation multiples, which they view as better aligned with the current investment case.
PLNW
€16.94
Planisware SAS
7D
5.2%
1Y
-35.5%
XFAB
€4.55
X-FAB Silicon Foundries
7D
-2.9%
1Y
-0.6%

XFAB: Cautious Outlook Will Test Q1 2026 Guidance And Profitability

Analysts have trimmed their price target on X-FAB Silicon Foundries by €1.40, citing updated assumptions around revenue growth, profit margins, the discount rate, and a higher future P/E multiple. Analyst Commentary Recent research points to a more cautious tone around X-FAB Silicon Foundries, with price targets adjusted to reflect updated assumptions on growth, profitability, and valuation multiples.
STMPA
€27.15
STMicroelectronics
7D
-4.5%
1Y
14.4%

STMPA: AI And Data Center Optionality Will Support 2026 Recovery Potential

The updated analyst price target for STMicroelectronics now implies fair value of about €35.69 per share, up from roughly €30.22, with analysts citing refreshed models that factor in expected recoveries in Industrial and Auto from 2026, as well as additional contribution from AI, low Earth orbit satellites, data center 800VDC, humanoids and silicon photonics foundry opportunities. Analyst Commentary Recent research points to a cluster of higher price targets and generally constructive views on STMicroelectronics, even as opinions vary across firms and timeframes.
DSY
€18.74
Dassault Systèmes
7D
1.0%
1Y
-52.4%

DSY: AI Execution And Partnerships Will Support Future Upside Potential

Analysts have trimmed their price targets on Dassault Systèmes, with our updated fair value estimate edging down to €35.45 from €35.51 as they factor in softer revenue visibility, a slightly higher discount rate, and modestly lower assumed future P/E multiples despite steady expectations for margins and growth. Analyst Commentary Recent Street research on Dassault Systèmes has tilted more cautious, with several firms cutting price targets and, in some cases, downgrading ratings.
VU
€111.10
Vusion
7D
-7.0%
1Y
-41.8%
WAVE
€49.85
Wavestone
7D
3.1%
1Y
-2.8%
CAP
€109.75
Capgemini
7D
2.6%
1Y
-28.6%

CAP: Sovereign Cloud And Cybersecurity Contracts Will Anchor Future Re Rating Potential

Analysts have trimmed the Capgemini price target in this update, bringing it more in line with recent sector calls that cluster around €117 and reflect a slightly higher discount rate, modestly adjusted revenue growth and margin expectations, as well as a lower assumed future P/E multiple. Analyst Commentary Recent research shows a clear reset in expectations around Capgemini, with price targets converging toward about €117 and ratings clustering around Neutral or Hold.
ATE
€60.90
Alten
7D
-4.2%
1Y
-41.0%
OVH
€9.01
OVH Groupe
7D
-2.8%
1Y
14.8%

OVH: AI Infrastructure And Sovereign Cloud Agreements Will Support Measured Long Term Upside

Analysts have adjusted their price target for OVH Groupe to €8.64. The latest update reflects revised assumptions for discount rate, revenue growth, profit margin and future P/E, and they highlight these valuation inputs as the main drivers of their updated view.
LSS
€18.50
Lectra
7D
-4.3%
1Y
-33.2%
AL2SI
€22.40
2CRSI
7D
-14.7%
1Y
414.4%
ALCPB
€0.77
Blockchain Group
7D
18.8%
1Y
83.9%
ARTO
€9,200.00
Société Industrielle et Financière de l'Artois Société anonyme
7D
4.5%
1Y
-25.2%