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

French (CAC) Tech Sector Analysis

UpdatedJan 12, 2026
DataAggregated Company Financials
Companies93
  • 7D3.2%
  • 3M0.9%
  • 1Y-10.9%
  • YTD4.8%

In the last week, the Tech industry is up 4.8%, with Dassault Systèmes leading the way, up 5.8%. In the same time, VusionGroup was down 6.6%. In the past year, the industry is down 12%. As for the next few years, earnings are expected to grow by 19% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 12 Jan 2026€106.1b€63.6b€4.0b21.8x26.8x1.7x
Wed, 10 Dec 2025€100.9b€63.6b€4.0b21.3x25.5x1.6x
Fri, 07 Nov 2025€95.0b€63.7b€4.0b20x23.6x1.5x
Sun, 05 Oct 2025€108.9b€63.3b€4.1b18.9x26.4x1.7x
Tue, 02 Sep 2025€101.8b€63.3b€4.2b15.8x24.2x1.6x
Thu, 31 Jul 2025€110.1b€73.2b€4.6b16.6x24x1.5x
Sat, 28 Jun 2025€118.2b€73.1b€5.1b16.8x23.3x1.6x
Mon, 26 May 2025€116.0b€73.4b€5.1b15.8x22.7x1.6x
Wed, 23 Apr 2025€107.8b€74.0b€5.5b15.2x19.7x1.5x
Fri, 21 Mar 2025€128.0b€77.4b€5.6b18.3x23x1.7x
Sun, 16 Feb 2025€136.1b€68.4b€5.3b17.1x25.4x2x
Tue, 14 Jan 2025€123.3b€69.8b€5.9b16.5x21.1x1.8x
Thu, 12 Dec 2024€127.9b€69.7b€5.8b16.8x22x1.8x
Sat, 09 Nov 2024€123.8b€69.1b€5.8b16.2x21.4x1.8x
Mon, 07 Oct 2024€134.9b€69.8b€6.4b17.1x21.1x1.9x
Wed, 04 Sep 2024€133.7b€69.9b€6.5b19x20.5x1.9x
Fri, 02 Aug 2024€134.6b€70.2b€6.6b18.6x20.4x1.9x
Sun, 30 Jun 2024€141.7b€71.4b€7.1b19.1x19.9x2x
Tue, 28 May 2024€156.6b€71.0b€7.1b22.1x22x2.2x
Thu, 25 Apr 2024€154.4b€73.6b€7.5b20.8x20.7x2.1x
Sat, 23 Mar 2024€160.8b€85.1b€6.0b20.1x26.9x1.9x
Mon, 19 Feb 2024€169.3b€87.8b€6.3b19.8x27.1x1.9x
Wed, 17 Jan 2024€166.8b€89.1b€6.8b21.8x24.5x1.9x
Fri, 15 Dec 2023€170.7b€88.9b€6.8b20.9x25.2x1.9x
Sun, 12 Nov 2023€153.1b€89.4b€6.9b19.8x22.2x1.7x
Tue, 10 Oct 2023€147.2b€89.3b€6.9b18.8x21.4x1.6x
Thu, 07 Sep 2023€154.2b€88.4b€6.8b21.1x22.7x1.7x
Sat, 05 Aug 2023€157.6b€87.9b€6.8b21.5x23.3x1.8x
Mon, 03 Jul 2023€162.0b€86.3b€6.7b19.9x24.3x1.9x
Wed, 31 May 2023€153.4b€86.4b€6.6b19.6x23.1x1.8x
Fri, 28 Apr 2023€146.6b€85.1b€6.2b20.3x23.5x1.7x
Sun, 26 Mar 2023€155.6b€85.0b€6.1b19.2x25.4x1.8x
Tue, 21 Feb 2023€173.1b€85.9b€4.1b23x42.7x2x
Thu, 19 Jan 2023€162.6b€84.6b€3.4b22x47.2x1.9x
Price to Earnings Ratio

47.2x


Total Market Cap: €162.6bTotal Earnings: €3.4bTotal Revenue: €84.6bTotal Market Cap vs Earnings and Revenue0%0%0%
French Tech Sector Price to Earnings3Y Average 24x202420252026
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 26.8x which is higher than its 3-year average PE of 24.0x.
  • 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 Market2.18%
Tech3.25%
IT4.44%
Semiconductors4.21%
Software2.44%
Tech Hardware1.05%
Communications0.67%
Electronic Equipment and Components-2.28%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 16.1x.
    • Analysts are expecting annual earnings growth of 38.6%, 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 68% 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
CAP Capgemini€150.854.9%
+€1.2b		-3.3%PE16.3x
DSY Dassault Systèmes€24.753.0%
+€947.6m		-27.1%PE27.8x
STMPA STMicroelectronics€24.704.0%
+€839.9m		5.4%PE47.6x
SOP Sopra Steria Group€156.404.1%
+€117.2m		-3.8%PE10.7x
WAVE Wavestone€57.908.4%
+€110.5m		41.0%PE18.1x

Latest News

SOI
€26.99
Soitec
7D
8.5%
1Y
-70.2%

SOI: Future Earnings Quality And Margin Delivery Will Drive Bullish Repricing

Analysts have reduced their implied fair value for Soitec to about €49 from about €86, citing lower price targets of €20 and €40, along with updated views on growth, margins and future P/E assumptions. Analyst Commentary Recent Street research on Soitec has centered on lower published price targets and more cautious formal ratings, with targets of €20 and €40 now anchoring many valuation discussions.
AL2SI
€10.82
2CRSI
7D
-3.2%
1Y
165.5%
ATE
€75.00
Alten
7D
2.5%
1Y
-3.2%

Estimating The Fair Value Of Alten S.A. (EPA:ATE)

Jan 09
Estimating The Fair Value Of Alten S.A. (EPA:ATE)
STMPA
€24.70
STMicroelectronics
7D
4.0%
1Y
5.4%
CAP
€150.85
Capgemini
7D
4.9%
1Y
-3.3%

CAP: AI Partnerships And Cybersecurity Wins Will Drive Future Upside

Narrative Update: Capgemini Capgemini’s narrative update reflects a reduced Street anchor, as analysts have moved a key price target down from €186 to €165. They cite refreshed assumptions on discount rates and valuation multiples, while largely maintaining their broader constructive stance on the shares.
VU
€195.20
VusionGroup
7D
-2.9%
1Y
17.7%

VU: Major Retail Rollouts Will Support Future Share Upside Potential

Analysts have nudged their price target on VusionGroup higher to about €284 from roughly €282, citing slightly adjusted assumptions around discount rates, revenue growth, profit margins, and future P/E, which together support a modestly higher fair value estimate. What's in the News VusionGroup announced a new deployment of its smart electronic shelf labels and VusionCloud platform across more than 200 OBI home improvement stores in Germany, integrating with OBI's existing Cisco Meraki wireless infrastructure without additional hardware to automate pricing and reduce manual in store tasks (Client announcement).
SOP
€156.40
Sopra Steria Group
7D
4.1%
1Y
-3.8%

SOP: Buy Rating Will Rely On Modestly Higher Multiple And Leadership Transition

Analysts have trimmed their price target on Sopra Steria Group to €209 from €214, reflecting updated assumptions around discount rate, profit margin and P/E. These changes leave the modelled fair value unchanged at €197.60.
DSY
€24.75
Dassault Systèmes
7D
3.0%
1Y
-27.1%

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.
ATO
€53.39
Atos
7D
6.2%
1Y
142.7%

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).
VANTI
€0.12
Vantiva
7D
-8.3%
1Y
-9.6%
PLNW
€22.95
Planisware SAS
7D
-1.3%
1Y
-9.6%
WAVE
€57.90
Wavestone
7D
8.4%
1Y
41.0%
ALBFR
€230.00
Sidetrade
7D
-3.8%
1Y
-0.9%
ALKEY
€7.64
Keyrus
7D
-3.3%
1Y
0.3%
74SW
€39.80
74Software
7D
-3.4%
1Y
47.4%

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

Nov 12
Is 74Software (EPA:74SW) A Risky Investment?
ALCPB
€0.83
Blockchain Group
7D
-5.5%
1Y
176.7%