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French (CAC) Tech Sector Analysis

UpdatedJan 29, 2026
DataAggregated Company Financials
Companies91
  • 7D1.1%
  • 3M1.3%
  • 1Y-21.7%
  • YTD-0.7%

In the last week, the Tech industry is up 1.1%, with STMicroelectronics leading the way, up 3.0%. However, the industry is down 22% over the past year. As for the next few years, earnings are expected to grow by 18% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 29 Jan 2026€100.0b€62.5b€3.9b21.8x25.5x1.6x
Sat, 27 Dec 2025€100.2b€63.4b€4.0b20.7x25.3x1.6x
Mon, 24 Nov 2025€93.9b€63.7b€4.0b20.3x23.7x1.5x
Wed, 22 Oct 2025€109.2b€63.5b€4.1b19.6x26.4x1.7x
Fri, 19 Sep 2025€107.0b€63.5b€4.2b16.1x25.4x1.7x
Sun, 17 Aug 2025€102.9b€63.3b€4.2b16.2x24.5x1.6x
Tue, 15 Jul 2025€119.2b€73.1b€5.1b16.7x23.5x1.6x
Thu, 12 Jun 2025€121.4b€73.4b€5.1b16.5x23.8x1.7x
Sat, 10 May 2025€115.6b€73.5b€5.1b16.7x22.7x1.6x
Mon, 07 Apr 2025€108.3b€75.6b€5.5b15.2x19.6x1.4x
Wed, 05 Mar 2025€123.7b€68.1b€5.4b15.9x23.1x1.8x
Fri, 31 Jan 2025€132.2b€69.5b€5.8b17.5x22.7x1.9x
Sun, 29 Dec 2024€124.0b€69.5b€5.8b16.6x21.3x1.8x
Tue, 26 Nov 2024€123.1b€69.5b€5.8b15.6x21.2x1.8x
Thu, 24 Oct 2024€129.5b€69.9b€6.4b16.2x20.1x1.9x
Sat, 21 Sep 2024€134.5b€69.6b€6.4b18.2x21.1x1.9x
Mon, 19 Aug 2024€131.9b€69.9b€6.5b17.3x20.1x1.9x
Wed, 17 Jul 2024€144.9b€71.1b€7.1b19.9x20.5x2x
Fri, 14 Jun 2024€152.3b€71.3b€7.1b19.5x21.4x2.1x
Sun, 12 May 2024€152.5b€73.2b€6.9b22.7x22.2x2.1x
Tue, 09 Apr 2024€157.3b€73.2b€7.3b22.6x21.4x2.2x
Thu, 07 Mar 2024€167.6b€85.9b€6.0b21.3x27.8x2x
Sat, 03 Feb 2024€165.8b€89.1b€6.4b21.7x26.1x1.9x
Mon, 01 Jan 2024€170.6b€88.8b€6.7b22x25.3x1.9x
Wed, 29 Nov 2023€161.9b€88.9b€6.8b20.4x24x1.8x
Fri, 27 Oct 2023€146.2b€89.5b€7.0b18.1x21x1.6x
Sun, 24 Sep 2023€147.0b€88.8b€6.9b19.8x21.3x1.7x
Tue, 22 Aug 2023€150.6b€88.1b€6.8b21.3x22.1x1.7x
Thu, 20 Jul 2023€167.0b€85.9b€6.6b20.6x25.5x1.9x
Sat, 17 Jun 2023€165.4b€86.4b€6.7b19.9x24.8x1.9x
Mon, 15 May 2023€148.5b€86.1b€6.6b20.3x22.5x1.7x
Wed, 12 Apr 2023€157.7b€85.1b€6.3b18.9x24.9x1.9x
Fri, 10 Mar 2023€172.2b€89.9b€6.8b23.1x25.3x1.9x
Sun, 05 Feb 2023€176.6b€85.5b€3.9b23.5x45.1x2.1x
Price to Earnings Ratio

45.1x


Total Market Cap: €176.6bTotal Earnings: €3.9bTotal Revenue: €85.5bTotal Market Cap vs Earnings and Revenue0%0%0%
French Tech Sector Price to Earnings3Y Average 23.7x202420252026
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 23.7x.
  • 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 9.9% 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-0.73%
Tech1.10%
Semiconductors2.84%
Software1.64%
Tech Hardware1.24%
Communications0.98%
Electronic Equipment and Components-0.23%
IT-0.65%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 16.6x.
    • Analysts are expecting annual earnings growth of 32.1%, which is higher than its past year's earnings decline of 55.8% 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 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
OVH OVH Groupe€10.0015.1%
+€197.0m		22.9%PE3760x
74SW 74Software€37.603.3%
+€35.1m		38.7%PE26.1x
AUB Aubay Société Anonyme€59.902.4%
+€18.0m		31.1%PE22.1x
INF Infotel€42.705.4%
+€15.3m		17.6%PE19.3x
ALSEM SEMCO Technologies Société anonyme€37.394.1%
+€15.2m		n/aPE57.6x

Latest News

ALBFR
€151.00
Sidetrade
7D
-21.1%
1Y
-40.6%
STMPA
€23.54
STMicroelectronics
7D
-4.5%
1Y
10.8%
AUB
€59.90
Aubay Société Anonyme
7D
2.4%
1Y
31.1%
LBIRD
€23.60
Lumibird
7D
2.2%
1Y
206.5%
DSY
€22.91
Dassault Systèmes
7D
-3.3%
1Y
-39.2%

A Look At The Intrinsic Value Of Dassault Systèmes SE (EPA:DSY)

Jan 27
A Look At The Intrinsic Value Of Dassault Systèmes SE (EPA:DSY)
ATE
€70.75
Alten
7D
-3.3%
1Y
-20.6%

ATE: Higher Revenue Expectations Will Support A More Optimistic Future P/E

Narrative Update: Alten Analysts have raised their fair value estimate for Alten from €97.54 to €99.85. This reflects updated assumptions around slightly higher revenue growth, a modestly lower profit margin, and a small adjustment to the future P/E multiple.
ALKEY
€8.50
Keyrus
7D
9.0%
1Y
11.8%
OVH
€10.00
OVH Groupe
7D
15.1%
1Y
22.9%

OVH: European Cloud Expansion And SecNumCloud Deals Will Drive Long-Term Upside

Analysts have kept their fair value estimate for OVH Groupe steady at €12.00. They cited updated assumptions of a lower discount rate, slightly higher revenue growth and profit margin projections, and a lower future P/E multiple as the key drivers behind the unchanged target.
SOI
€26.56
Soitec
7D
-6.8%
1Y
-68.5%

SOI: Future Earnings Delivery And Margin Discipline Will Challenge Recent Bearish Repricing

Analysts have modestly lifted their fair value estimate for Soitec to €50.24 from €49.24, while recent Street price target cuts to €40 and €20 reflect more cautious views on near term earnings power and valuation multiples. Analyst Commentary The recent Street research on Soitec reflects a more cautious tone around shorter term earnings visibility and valuation, with price targets adjusted to €40 and €20.
SOP
€146.60
Sopra Steria Group
7D
-1.6%
1Y
-18.1%

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.
74SW
€37.60
74Software
7D
3.3%
1Y
38.7%

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).
ALSEM
€37.39
SEMCO Technologies Société anonyme
7D
4.1%
1Y
n/a
CAP
€127.85
Capgemini
7D
-6.0%
1Y
-27.1%

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.
PLNW
€20.15
Planisware SAS
7D
-4.0%
1Y
-31.5%
INF
€42.70
Infotel
7D
5.4%
1Y
17.6%
ARTO
€8,650.00
Société Industrielle et Financière de l'Artois Société anonyme
7D
0.6%
1Y
-26.7%