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French (CAC) Tech Sector Analysis

UpdatedJan 24, 2026
DataAggregated Company Financials
Companies92
  • 7D-1.5%
  • 3M0.2%
  • 1Y-19.9%
  • YTD-0.2%

Over the last 7 days, the Tech industry has dropped 1.5%, driven by Capgemini declining 3.7%. However, the industry is down 20% 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
Sun, 25 Jan 2026€100.8b€63.4b€4.0b21.6x25.5x1.6x
Tue, 23 Dec 2025€101.0b€63.5b€4.0b20.4x25.5x1.6x
Thu, 20 Nov 2025€94.2b€63.8b€4.0b19.8x23.3x1.5x
Sat, 18 Oct 2025€107.0b€63.4b€4.1b19.6x25.9x1.7x
Mon, 15 Sep 2025€102.4b€63.3b€4.2b15.6x24.4x1.6x
Wed, 13 Aug 2025€102.5b€63.3b€4.2b16.3x24.4x1.6x
Fri, 11 Jul 2025€122.5b€73.1b€5.1b16.9x24.2x1.7x
Sun, 08 Jun 2025€119.2b€73.4b€5.1b16.2x23.4x1.6x
Tue, 06 May 2025€113.1b€73.5b€5.1b15.7x22.2x1.5x
Thu, 03 Apr 2025€116.9b€75.8b€5.5b17.1x21.1x1.5x
Sat, 01 Mar 2025€127.6b€68.2b€5.4b16.3x23.7x1.9x
Mon, 27 Jan 2025€130.4b€69.4b€5.8b16.7x22.5x1.9x
Wed, 25 Dec 2024€123.6b€69.6b€5.8b16.4x21.2x1.8x
Fri, 22 Nov 2024€119.8b€69.5b€5.8b15.4x20.6x1.7x
Sun, 20 Oct 2024€130.5b€69.8b€6.4b16.5x20.3x1.9x
Tue, 17 Sep 2024€133.9b€69.5b€6.4b17.9x21x1.9x
Thu, 15 Aug 2024€129.6b€69.9b€6.5b17.3x19.8x1.9x
Sat, 13 Jul 2024€146.4b€71.1b€7.1b19.7x20.7x2.1x
Mon, 10 Jun 2024€153.7b€71.2b€7.1b20.1x21.6x2.2x
Wed, 08 May 2024€152.5b€73.2b€6.9b22.7x22.1x2.1x
Fri, 05 Apr 2024€157.0b€73.2b€7.4b22.6x21.4x2.1x
Sun, 03 Mar 2024€169.3b€86.0b€6.1b21.5x28x2x
Tue, 30 Jan 2024€174.7b€89.0b€6.3b21.9x27.6x2x
Thu, 28 Dec 2023€172.3b€88.8b€6.7b21.3x25.6x1.9x
Sat, 25 Nov 2023€161.9b€89.0b€6.8b20.2x23.9x1.8x
Mon, 23 Oct 2023€139.8b€89.4b€6.9b17.7x20.2x1.6x
Wed, 20 Sep 2023€147.1b€88.6b€6.9b20.4x21.4x1.7x
Fri, 18 Aug 2023€150.5b€88.1b€6.8b20.9x22.1x1.7x
Sun, 16 Jul 2023€166.2b€85.9b€6.5b20.8x25.4x1.9x
Tue, 13 Jun 2023€162.9b€86.6b€6.7b21x24.2x1.9x
Thu, 11 May 2023€148.4b€86.0b€6.5b20.3x22.7x1.7x
Sat, 08 Apr 2023€156.9b€85.0b€6.3b19.5x24.8x1.8x
Mon, 06 Mar 2023€171.8b€89.8b€6.8b22.6x25.4x1.9x
Wed, 01 Feb 2023€163.2b€85.4b€3.9b22.7x41.9x1.9x
Price to Earnings Ratio

41.9x


Total Market Cap: €163.2bTotal Earnings: €3.9bTotal Revenue: €85.4bTotal Market Cap vs Earnings and Revenue0%0%0%
French Tech Sector Price to Earnings3Y Average 23.8x202420252026
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 23.8x.
  • The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 9.5% per year.
  • This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Trends

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

FR Market-1.39%
Tech-1.45%
Semiconductors1.38%
Communications1.08%
Tech Hardware0.88%
Software-1.72%
IT-3.15%
Electronic Equipment and Components-3.85%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 16.5x.
    • Analysts are expecting annual earnings growth of 32.1%, 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 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
STMPA STMicroelectronics€24.651.4%
+€306.6m		1.5%PE48.2x
OVH OVH Groupe€9.1410.7%
+€133.1m		11.4%PE3434.8x
ATO Atos€59.204.1%
+€45.3m		181.9%PE0.8x
ALRIB Riber€5.4036.4%
+€30.0m		44.4%PE35.7x
AL2SI 2CRSI€13.067.2%
+€19.6m		212.8%PE137x

Latest News

ATO
€59.20
Atos
7D
4.1%
1Y
181.9%
VU
€138.20
Vusion
7D
-4.8%
1Y
-17.5%

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.
ALRIB
€5.40
Riber
7D
36.4%
1Y
44.4%
DSY
€23.85
Dassault Systèmes
7D
-1.4%
1Y
-35.2%

DSY: Transition Execution And Premium P/E Will Drive Future Upside Potential

Narrative Update The updated analyst price target for Dassault Systèmes edges slightly lower, as analysts factor in more cautious assumptions on revenue growth, profit margins, and a higher forward P/E. This is consistent with recent price target cuts to around €23 to €31 and mixed ratings across the Street.
STMPA
€24.65
STMicroelectronics
7D
1.4%
1Y
1.5%

STMPA: Margin Reset And 2026 Recovery Setup Will Support Upside Potential

Narrative Update Our fair value estimate for STMicroelectronics edges up to $30.22 from $30.07 as analysts adjust price targets across a wide €20 to €28 and $25 to $45 range, reflecting mixed views on gross margin resets, a more muted revenue recovery, and sector wide recalibrations for 2026. Analyst Commentary Recent Street research on STMicroelectronics shows a split view, with several bullish analysts still constructive on the story even as others trim expectations around margins and revenue recovery into 2026.
SOP
€148.00
Sopra Steria Group
7D
-3.5%
1Y
-13.3%

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.
OVH
€9.14
OVH Groupe
7D
10.7%
1Y
11.4%

Why Investors Shouldn't Be Surprised By OVH Groupe S.A.'s (EPA:OVH) 37% Share Price Surge

Jan 20
Why Investors Shouldn't Be Surprised By OVH Groupe S.A.'s (EPA:OVH) 37% Share Price Surge
74SW
€36.30
74Software
7D
-5.5%
1Y
36.0%

74SW: Raised 2025 Guidance And Margin Stability Will Support Upside Potential

Analysts have reduced their price target on 74Software to around $47.35 from about $49.47, citing slightly higher assumed revenue growth, modestly lower profit margin expectations, and a reduced future P/E multiple. What's in the News 74Software raised earnings guidance for the full year 2025, now expecting full year organic revenue growth to reach around 4%, which is at the upper end of its initial guidance range (Key Developments).
ALKAL
€3.58
Kalray
7D
65.0%
1Y
336.6%
WAVE
€61.30
Wavestone
7D
0.8%
1Y
38.7%
ATE
€73.20
Alten
7D
-2.0%
1Y
-9.5%

ATE: Prolonged 2025 Slowdown And Uncertain Recovery Will Restrain Longer-Term Outlook

Analysts have kept their target on Alten broadly steady at around €68.0 per share. The small shift in inputs, such as a slightly lower discount rate, a higher revenue growth assumption of 3.36%, a profit margin assumption of 6.04%, and a marginally lower future P/E of 10.83%, reflects a more balanced view of the company’s risk and earnings profile.
AL2SI
€13.06
2CRSI
7D
7.2%
1Y
212.8%
CAP
€136.35
Capgemini
7D
-3.7%
1Y
-18.6%

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.
LSS
€23.00
Lectra
7D
-4.4%
1Y
-15.6%

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

Dec 31
With Lectra SA (EPA:LSS) It Looks Like You'll Get What You Pay For
ALBFR
€182.00
Sidetrade
7D
-14.6%
1Y
-25.1%
ALSTW
€78.80
Streamwide
7D
7.1%
1Y
138.8%