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French (CAC) Tech Sector Analysis

UpdatedApr 08, 2026
DataAggregated Company Financials
Companies91
  • 7D2.3%
  • 3M-15.0%
  • 1Y-15.7%
  • YTD-12.0%

The Tech industry is up 3.9% in the last week, with STMicroelectronics up 5.9%. During this same period, the Soitec underperformed, falling 5.1%. In the past year, the industry is down 14%. Earnings are forecast to grow by 20% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 08 Apr 2026€88.9b€63.4b€3.7b17.6x24.3x1.4x
Fri, 06 Mar 2026€90.5b€63.5b€3.7b19.6x24.2x1.4x
Sun, 01 Feb 2026€98.3b€62.6b€3.6b22.8x27.2x1.6x
Tue, 30 Dec 2025€100.8b€63.4b€4.0b21x25.4x1.6x
Thu, 27 Nov 2025€96.3b€63.6b€4.0b20.6x24.3x1.5x
Sat, 25 Oct 2025€101.0b€63.3b€4.0b20.1x25.1x1.6x
Mon, 22 Sep 2025€105.2b€63.5b€4.2b16.2x25.1x1.7x
Wed, 20 Aug 2025€103.9b€63.3b€4.2b16.5x24.7x1.6x
Fri, 18 Jul 2025€120.8b€73.2b€5.1b17.1x23.8x1.6x
Sun, 15 Jun 2025€119.4b€73.3b€5.1b16.4x23.5x1.6x
Tue, 13 May 2025€119.0b€73.7b€5.1b16.9x23.3x1.6x
Thu, 10 Apr 2025€104.0b€75.7b€5.5b14.4x18.8x1.4x
Sat, 08 Mar 2025€130.0b€67.7b€5.3b16.6x24.4x1.9x
Mon, 03 Feb 2025€131.6b€68.7b€5.3b17.1x24.7x1.9x
Wed, 01 Jan 2025€125.0b€69.5b€5.8b16.8x21.5x1.8x
Fri, 29 Nov 2024€121.3b€69.4b€5.8b15.8x20.9x1.7x
Sun, 27 Oct 2024€126.3b€70.1b€6.4b15.9x19.6x1.8x
Tue, 24 Sep 2024€134.5b€69.6b€6.4b18.2x21.1x1.9x
Thu, 22 Aug 2024€133.0b€69.7b€6.5b16.9x20.4x1.9x
Sat, 20 Jul 2024€143.4b€71.1b€7.1b19.6x20.2x2x
Mon, 17 Jun 2024€145.0b€71.4b€7.1b19.3x20.3x2x
Wed, 15 May 2024€154.2b€73.2b€6.9b22x22.4x2.1x
Fri, 12 Apr 2024€156.1b€73.3b€7.4b22.2x21.1x2.1x
Sun, 10 Mar 2024€168.5b€85.9b€6.0b21.2x28x2x
Tue, 06 Feb 2024€162.8b€88.1b€6.3b20.8x25.8x1.8x
Thu, 04 Jan 2024€165.3b€89.0b€6.8b22x24.3x1.9x
Sat, 02 Dec 2023€165.5b€89.0b€6.8b20.8x24.3x1.9x
Mon, 30 Oct 2023€143.9b€89.6b€7.0b18.2x20.6x1.6x
Wed, 27 Sep 2023€144.4b€89.2b€6.9b19.3x20.9x1.6x
Fri, 25 Aug 2023€151.3b€88.2b€6.8b21.1x22.1x1.7x
Sun, 23 Jul 2023€163.3b€86.0b€6.6b20.9x24.8x1.9x
Tue, 20 Jun 2023€163.9b€86.4b€6.7b19.8x24.6x1.9x
Thu, 18 May 2023€148.3b€86.2b€6.6b19.6x22.5x1.7x
Sat, 15 Apr 2023€157.7b€85.0b€6.3b19x25x1.9x
Price to Earnings Ratio

25x


Total Market Cap: €157.7bTotal Earnings: €6.3bTotal Revenue: €85.0bTotal 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 17% per year over the last three years,
  • Revenues have also declined 9.2% 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 Market1.31%
Tech2.31%
Communications8.20%
Semiconductors4.92%
Tech Hardware2.53%
IT1.25%
Software0.74%
Electronic Equipment and Components-1.22%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 25.5x.
    • Analysts are expecting annual earnings growth of 35.7%, 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 94% over the next 5 years.
  • 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
STMPA STMicroelectronics€30.305.9%
+€1.5b		75.5%PE188.2x
CAP Capgemini€101.751.2%
+€212.2m		-19.6%PE10.8x
DSY Dassault Systèmes€17.400.8%
+€171.2m		-46.8%PE19.2x
ARTO Société Industrielle et Financière de l'Artois Société anonyme€9.20k3.4%
+€79.9m		-14.0%PE295.1x
74SW 74Software€33.008.6%
+€75.6m		8.9%PE23.6x

Latest News

AUB
€44.30
Aubay Société Anonyme
7D
6.7%
1Y
0.9%
SOP
€122.20
Sopra Steria Group
7D
2.1%
1Y
-26.1%

SOP: Higher EUR 168 Outlook Will Support Dividend Confidence

Analysts have lifted their price target on Sopra Steria Group to €168 from €160, reflecting updated assumptions on discount rate, revenue growth, profit margin and future P/E. These changes keep the overall fair value estimate broadly unchanged.
SOI
€49.00
Soitec
7D
-5.1%
1Y
9.6%

SOI: Margin Execution Risk Will Keep Lower P/E Under Pressure

Soitec's analyst price target has been raised by €17, supported by research pointing to a more moderate revenue decline, a higher projected profit margin of 11.42% and a lower future P/E of 13.01x. Analyst Commentary Recent research coverage on Soitec has focused on recalibrating expectations around earnings quality, valuation and the pace of future growth.
XFAB
€4.67
X-FAB Silicon Foundries
7D
-1.9%
1Y
31.4%
STMPA
€30.30
STMicroelectronics
7D
5.9%
1Y
75.5%

STMPA: AI And Auto Recovery Themes Will Support 2026 Upside Potential

Analysts have lifted their fair value estimate for STMicroelectronics from €36.39 to €39.33. They cite updated models that reflect higher assumed revenue growth and margins, a slightly lower discount rate, and a lower future P/E, in line with recent price target increases from several research houses.
DSY
€17.40
Dassault Systèmes
7D
0.8%
1Y
-46.8%

DSY: Clearer Execution And AI Progress Will Drive Future Re Rating Potential

Analysts have reset their stance on Dassault Systèmes, with the blended price target moving lower toward about €23. This reflects updated assumptions for fair value, revenue growth and margins under tougher IT spending and geopolitical conditions.
74SW
€33.00
74Software
7D
8.6%
1Y
8.9%

We Think 74Software's (EPA:74SW) Solid Earnings Are Understated

Apr 01
We Think 74Software's (EPA:74SW) Solid Earnings Are Understated
ARTO
€9,200.00
Société Industrielle et Financière de l'Artois Société anonyme
7D
3.4%
1Y
-14.0%
ATO
€32.52
Atos
7D
-3.6%
1Y
-12.1%

ATO: Future AI Services And Events Will Support Measured Risk Balance

Analysts have reduced their price target on Atos from €45 to €35, citing updated assumptions that reflect softer revenue trends, slightly stronger profit margins and a lower forward P/E multiple. What's in the News Atos has scheduled a Special and Extraordinary Shareholders Meeting for May 22, 2026, at the River Ouest auditorium in Bezons, France, giving investors a clear date to watch for potential corporate decisions (Key Developments).
CAP
€101.75
Capgemini
7D
1.2%
1Y
-19.6%

We Think You Can Look Beyond Capgemini's (EPA:CAP) Lackluster Earnings

Mar 30
We Think You Can Look Beyond Capgemini's (EPA:CAP) Lackluster Earnings
PARRO
€11.50
Parrot
7D
18.8%
1Y
61.5%
ATEME
€8.74
ATEME
7D
-13.9%
1Y
121.3%
LSS
€15.64
Lectra
7D
-6.3%
1Y
-38.7%
ALBFR
€155.00
Sidetrade
7D
-4.0%
1Y
-31.7%
VU
€105.90
Vusion
7D
-3.3%
1Y
-40.0%
ALSEM
€35.00
SEMCO Technologies Société anonyme
7D
-2.4%
1Y
n/a