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French (CAC) Tech Sector Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies91
  • 7D4.0%
  • 3M-6.3%
  • 1Y-28.2%
  • YTD-10.6%

Over the last 7 days, the Tech industry has risen 4.0%, driven by gains from Dassault Systèmes of 5.2%. In the same time, STMicroelectronics was down 5.8%. However, the industry is down 28% 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, 04 Mar 2026€90.0b€63.2b€3.7b19.3x24.2x1.4x
Fri, 30 Jan 2026€96.4b€62.5b€3.9b22.5x24.6x1.5x
Sun, 28 Dec 2025€100.2b€63.4b€4.0b20.7x25.3x1.6x
Tue, 25 Nov 2025€95.1b€63.7b€4.0b20.6x24x1.5x
Thu, 23 Oct 2025€110.5b€63.5b€4.1b19.6x26.8x1.7x
Sat, 20 Sep 2025€105.2b€63.4b€4.2b16.2x25.1x1.7x
Mon, 18 Aug 2025€102.9b€63.3b€4.2b16.2x24.5x1.6x
Wed, 16 Jul 2025€119.7b€73.2b€5.1b16.9x23.6x1.6x
Fri, 13 Jun 2025€120.8b€73.3b€5.1b16.4x23.8x1.6x
Sun, 11 May 2025€115.6b€73.5b€5.1b16.7x22.7x1.6x
Tue, 08 Apr 2025€103.8b€75.7b€5.5b14.6x18.8x1.4x
Thu, 06 Mar 2025€127.7b€67.8b€5.3b16.7x23.9x1.9x
Sat, 01 Feb 2025€131.6b€68.6b€5.3b17.1x24.7x1.9x
Mon, 30 Dec 2024€124.0b€69.5b€5.8b16.6x21.3x1.8x
Wed, 27 Nov 2024€122.6b€69.5b€5.8b16.4x21.1x1.8x
Fri, 25 Oct 2024€128.6b€69.8b€6.4b16.3x20x1.8x
Sun, 22 Sep 2024€134.5b€69.6b€6.4b18.2x21.1x1.9x
Tue, 20 Aug 2024€132.4b€69.8b€6.5b17.2x20.3x1.9x
Thu, 18 Jul 2024€145.0b€71.1b€7.1b20.2x20.5x2x
Sat, 15 Jun 2024€145.0b€71.4b€7.1b19.3x20.3x2x
Mon, 13 May 2024€152.5b€73.2b€6.9b22.7x22.2x2.1x
Wed, 10 Apr 2024€157.2b€73.2b€7.3b22.6x21.4x2.1x
Fri, 08 Mar 2024€170.3b€85.9b€6.0b21.8x28.3x2x
Sun, 04 Feb 2024€165.8b€89.2b€6.4b21.7x26.1x1.9x
Tue, 02 Jan 2024€170.6b€88.8b€6.7b22x25.3x1.9x
Thu, 30 Nov 2023€164.9b€88.9b€6.8b20.4x24.4x1.9x
Sat, 28 Oct 2023€143.9b€89.6b€7.0b18.1x20.6x1.6x
Mon, 25 Sep 2023€147.0b€88.8b€6.9b19.8x21.3x1.7x
Wed, 23 Aug 2023€153.3b€88.2b€6.8b21.6x22.4x1.7x
Fri, 21 Jul 2023€164.6b€86.0b€6.6b20.6x25x1.9x
Sun, 18 Jun 2023€165.4b€86.4b€6.7b19.9x24.8x1.9x
Tue, 16 May 2023€148.7b€86.1b€6.6b20.1x22.6x1.7x
Thu, 13 Apr 2023€157.6b€85.0b€6.3b19x25x1.9x
Sat, 11 Mar 2023€169.4b€89.5b€6.4b23x26.7x1.9x
Price to Earnings Ratio

26.7x


Total Market Cap: €169.4bTotal Earnings: €6.4bTotal Revenue: €89.5bTotal 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 Market0.34%
Tech3.99%
Communications9.38%
Software6.83%
IT5.47%
Tech Hardware4.69%
Electronic Equipment and Components1.10%
Semiconductors0.11%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 20.9x.
    • 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 106% 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 8.8% 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
DSY Dassault Systèmes€18.345.2%
+€1.2b		-52.3%PE20.1x
CAP Capgemini€106.804.2%
+€733.1m		-25.4%PE11.2x
ARTO Société Industrielle et Financière de l'Artois Société anonyme€9.20k8.2%
+€186.3m		-25.8%PE148.4x
SOP Sopra Steria Group€127.207.4%
+€169.1m		-14.9%PE8.2x
SOI Soitec€42.014.2%
+€60.0m		-24.7%PE138.9x

Latest News

SOP
€127.20
Sopra Steria Group
7D
7.4%
1Y
-14.9%
VU
€113.70
Vusion
7D
-7.0%
1Y
-41.8%
ATO
€37.95
Atos
7D
6.7%
1Y
11.6%

ATO: Future AI Forensics And Event Services Will Support Bullish Thesis

Analysts have reduced their Atos price target to €45.0. This reflects slightly weaker revenue and margin assumptions, along with a lower future P/E multiple, which together indicate a more cautious earnings profile. What's in the News Atos issued earnings guidance for the fourth quarter of 2025, estimating Group revenue of €2,004 million for the period.
PLNW
€15.76
Planisware SAS
7D
4.0%
1Y
-39.4%

PLNW: Australia Expansion And Rising Dividend Will Support Future Upside

Analysts have trimmed their price target on Planisware SAS to €24.33 from €25.36. This reflects updated assumptions around a slightly higher discount rate, modestly adjusted revenue growth, a small uplift in expected profit margins and a lower future P/E multiple.
WAVE
€47.20
Wavestone
7D
4.1%
1Y
4.7%
STMPA
€27.12
STMicroelectronics
7D
-5.8%
1Y
24.4%
CAP
€106.80
Capgemini
7D
4.2%
1Y
-25.4%

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.
OVH
€8.91
OVH Groupe
7D
-1.5%
1Y
25.0%

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.
DSY
€18.34
Dassault Systèmes
7D
5.2%
1Y
-52.3%
SOI
€42.01
Soitec
7D
4.2%
1Y
-24.7%

SOI: Cautious Earnings And Margin Assumptions Will Pressure Shares Further

Analysts have nudged their fair value estimate for Soitec up from €20.00 to €22.00. This reflects recent price target increases from banks such as Citi and Deutsche Bank, alongside small tweaks to revenue, margin and future P/E assumptions.
AL2SI
€21.45
2CRSI
7D
-16.4%
1Y
408.3%
XFAB
€4.54
X-FAB Silicon Foundries
7D
-2.9%
1Y
4.1%

XFAB: Neutral Coverage And Refined Assumptions Will Shape Future Repricing

Analysts have trimmed their price target on X-FAB Silicon Foundries by €1.40, reflecting slightly lower fair value estimates and tempered assumptions for revenue growth, margins and future P/E following recent research updates from major firms. Analyst Commentary Recent research updates point to a more measured stance on X-FAB Silicon Foundries, with analysts fine tuning their fair value views rather than making sweeping revisions.
PARRO
€7.54
Parrot
7D
-6.5%
1Y
33.7%
ALSEM
€31.38
SEMCO Technologies Société anonyme
7D
-11.0%
1Y
n/a
ALKAL
€3.74
Kalray
7D
-26.7%
1Y
433.5%
ARTO
€9,200.00
Société Industrielle et Financière de l'Artois Société anonyme
7D
8.2%
1Y
-25.8%