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French (CAC) Tech Sector Analysis

UpdatedDec 12, 2025
DataAggregated Company Financials
Companies95
  • 7D0.9%
  • 3M-1.3%
  • 1Y-16.7%
  • YTD-14.7%

Over the last 7 days, the Tech industry has risen 2.1%, driven by gains from Capgemini of 6.4%. In contrast, the industry has lost 18% in the last 12 months. 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
Fri, 12 Dec 2025€101.2b€63.5b€4.0b20.7x25.6x1.6x
Sun, 09 Nov 2025€94.5b€63.7b€4.0b20.5x23.4x1.5x
Tue, 07 Oct 2025€108.7b€63.3b€4.1b18.7x26.3x1.7x
Thu, 04 Sep 2025€100.0b€63.3b€4.2b15.3x23.8x1.6x
Sat, 02 Aug 2025€105.0b€73.0b€4.5b15.8x23.5x1.4x
Mon, 30 Jun 2025€118.2b€73.1b€5.1b16.8x23.3x1.6x
Wed, 28 May 2025€117.8b€73.5b€5.1b15.5x23x1.6x
Fri, 25 Apr 2025€109.4b€74.1b€5.5b15x20x1.5x
Sun, 23 Mar 2025€124.7b€75.9b€5.5b17.8x22.5x1.6x
Tue, 18 Feb 2025€136.0b€68.4b€5.3b16.8x25.4x2x
Thu, 16 Jan 2025€124.0b€69.7b€5.8b16.7x21.2x1.8x
Sat, 14 Dec 2024€125.7b€69.4b€5.8b16.1x21.6x1.8x
Mon, 11 Nov 2024€123.8b€69.1b€5.8b16.2x21.3x1.8x
Wed, 09 Oct 2024€131.5b€69.8b€6.4b16.9x20.5x1.9x
Fri, 06 Sep 2024€129.6b€69.8b€6.5b18.6x19.9x1.9x
Sun, 04 Aug 2024€130.8b€70.0b€6.6b18.2x19.9x1.9x
Tue, 02 Jul 2024€141.5b€71.3b€7.1b19.5x19.8x2x
Thu, 30 May 2024€152.2b€71.1b€7.1b21.4x21.4x2.1x
Sat, 27 Apr 2024€151.0b€73.1b€6.9b20x21.8x2.1x
Mon, 25 Mar 2024€160.8b€85.1b€6.0b20.1x26.9x1.9x
Wed, 21 Feb 2024€166.4b€87.7b€6.2b20.3x26.6x1.9x
Fri, 19 Jan 2024€169.8b€89.1b€6.8b21.6x24.9x1.9x
Sun, 17 Dec 2023€173.2b€89.1b€6.8b21x25.5x1.9x
Tue, 14 Nov 2023€153.6b€89.4b€6.9b20.1x22.3x1.7x
Thu, 12 Oct 2023€152.0b€89.3b€6.9b18.9x22x1.7x
Sat, 09 Sep 2023€152.4b€88.5b€6.8b21x22.4x1.7x
Mon, 07 Aug 2023€157.6b€87.9b€6.8b21.5x23.3x1.8x
Wed, 05 Jul 2023€162.1b€86.4b€6.7b20.5x24.3x1.9x
Fri, 02 Jun 2023€158.4b€86.4b€6.7b19x23.6x1.8x
Sun, 30 Apr 2023€148.5b€85.8b€6.5b19.1x22.7x1.7x
Tue, 28 Mar 2023€155.4b€85.0b€6.5b19.2x24.1x1.8x
Thu, 23 Feb 2023€170.1b€88.2b€4.2b21.9x40.4x1.9x
Sat, 21 Jan 2023€157.6b€84.6b€3.4b22.2x45.8x1.9x
Mon, 19 Dec 2022€150.0b€84.8b€3.5b21x42.9x1.8x
Price to Earnings Ratio

42.9x


Total Market Cap: €150.0bTotal Earnings: €3.5bTotal Revenue: €84.8bTotal Market Cap vs Earnings and Revenue0%0%0%
French Tech Sector Price to Earnings3Y Average 24.5x202320242025
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 24.5x.
  • 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 grown 4.2% per year over the last three years.
  • Meanwhile revenues for these companies have declined 9.2% 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 Market-0.41%
Tech0.86%
IT5.43%
Communications4.04%
Semiconductors-0.25%
Tech Hardware-0.66%
Electronic Equipment and Components-1.28%
Software-2.40%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 15.0x.
    • Analysts are expecting annual earnings growth of 38.4%, 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 67% 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 9.6% 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€151.856.4%
+€1.6b		-3.3%PE16.5x
SOP Sopra Steria Group€144.807.5%
+€194.1m		-13.1%PE9.9x
ATE Alten€70.953.6%
+€85.4m		-8.1%PE16.4x
ATO Atos€50.256.2%
+€57.2m		93.3%PE0.7x
74SW 74Software€39.502.6%
+€29.3m		45.2%PE27.4x

Latest News

ALBFR
€259.00
Sidetrade
7D
5.3%
1Y
18.8%
VU
€202.60
VusionGroup
7D
-1.7%
1Y
50.9%

VU: Major Retail Rollouts And Long Term Contracts Will Drive Shares Higher

Analysts have modestly raised their price target on VusionGroup to $281.57 per share, citing slightly higher assumed discount rates as well as stable long term growth and profitability expectations that support a steady valuation outlook. What's in the News VusionGroup to deploy its smart electronic shelf labels and VusionCloud platform across more than 200 OBI DIY stores in Germany, fully integrating with existing Cisco Meraki infrastructure and requiring no additional hardware (Client Announcement) Strategic partnership with DM to roll out the EdgeSense digital shelf platform in a phased program covering about 70 stores, using IoT, data, computer vision, and AI to streamline operations and enhance customer experience (Strategic Alliance) Morrisons becomes the first major UK supermarket chain to deploy 10.8 million electronic shelf labels across all 497 supermarkets, with rollout starting in early 2026 and tied to a broader digital transformation program including shelf edge cameras and upgraded in store wi fi (Client Announcement) Asda extends VusionGroup electronic shelf labels and digital solutions to 250 of its largest Express convenience stores after a successful trial, deploying about 700,000 digital displays that automate pricing updates and improve on shelf information such as allergens and unit prices (Client Announcement) Following record first half results, VusionGroup raises 2025 revenue guidance to around €1.5 billion, implying roughly 50 percent growth, and targets more than 80 percent growth in value added services revenue while reiterating expectations for a record fourth quarter (Corporate Guidance) Valuation Changes Fair Value: unchanged at approximately €281.57 per share, reflecting stable long term assumptions.
XFAB
€5.22
X-FAB Silicon Foundries
7D
-2.6%
1Y
5.6%

XFAB: Future Returns Will Improve As Revenue Guidance Supports Profitability

Analysts have trimmed their price target on X-FAB Silicon Foundries to EUR 6 from EUR 6.86, reflecting a more cautious stance on the shares after a recent downgrade to Hold. Analyst Commentary Analysts note that while the revised price target implies more limited upside, the company still retains attributes that support a neutral stance rather than a more negative view.
STMPA
€22.00
STMicroelectronics
7D
-0.3%
1Y
-12.2%
SOP
€144.80
Sopra Steria Group
7D
7.5%
1Y
-13.1%

SOP: Buy Rating Will Remain Supported By Modest Discount Rate Increase

Analysts have slightly reduced their price target on Sopra Steria Group, trimming it by EUR 5 to reflect a marginally higher discount rate, modestly stronger revenue growth expectations, and a nearly unchanged profit margin and future P/E outlook. Analyst Commentary Recent research updates reflect a nuanced view on Sopra Steria Group, with the modest reduction in the price target seen as a fine-tuning of assumptions rather than a shift in the investment thesis.
DSY
€23.13
Dassault Systèmes
7D
-2.7%
1Y
-34.3%

DSY: Clearer Business Model Communication Will Drive Re Rating Potential

Narrative Update: Dassault Systèmes The analyst price target for Dassault Systèmes has been trimmed modestly as analysts factor in a business transition that is proving slower to clarify, with recent Street research lowering targets by about EUR 1 to EUR 3 per share while still recognizing resilient margins and only slightly softer growth expectations. Analyst Commentary Recent commentary from the Street underscores a mixed outlook for Dassault Systèmes, with price targets nudged lower but core views divided between cautious and more constructive stances on the company’s transition and long term growth potential.
QDT
€14.30
Quadient
7D
-5.5%
1Y
-20.7%
CAP
€151.85
Capgemini
7D
6.4%
1Y
-3.3%

CAP: AI Partnerships And Sovereign Cloud Deals Will Drive Future Upside

Analysts have modestly lowered their price target on Capgemini, with updated modeling for a slightly higher discount rate, softer medium term revenue growth, and a marginally lower profit margin contributing to a reduced fair value and a new Street target of EUR 165, down from EUR 186. Analyst Commentary Street research on Capgemini reflects a constructive long term view tempered by near term caution, with the lower price target primarily driven by adjustments to growth and risk assumptions rather than a fundamental change in the company narrative.
NRO
€43.55
Neurones
7D
-2.1%
1Y
-0.2%

These 4 Measures Indicate That Neurones (EPA:NRO) Is Using Debt Safely

Dec 03
These 4 Measures Indicate That Neurones (EPA:NRO) Is Using Debt Safely
ATO
€50.25
Atos
7D
6.2%
1Y
93.3%

ATO: Cybersecurity Expansion And AI Service Delivery Will Sustain Stable Performance

Analysts have maintained their fair value price target for Atos at €43.00, citing unchanged expectations for the company's revenue growth, profit margin, and discount rate in their latest assessment. What's in the News Atos introduced an Agentic AI solution, the Autonomous Data and AI Engineer, to automate and accelerate data and AI engineering tasks.
OVH
€7.11
OVH Groupe
7D
-15.6%
1Y
-15.1%

OVH: Leadership Changes And Cloud Expansion Will Shape Resilient Outlook

Analysts have revised their price target for OVH Groupe to €9.11. They are maintaining their prior fair value estimate as updates to the discount rate and modest adjustments in profitability expectations support this stance.
LSS
€22.70
Lectra
7D
-4.6%
1Y
-17.3%

Should You Investigate Lectra SA (EPA:LSS) At €23.15?

Nov 26
Should You Investigate Lectra SA (EPA:LSS) At €23.15?
ALSEM
€26.80
SEMCO Technologies Société anonyme
7D
9.8%
1Y
n/a
74SW
€39.50
74Software
7D
2.6%
1Y
45.2%

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

Nov 12
Is 74Software (EPA:74SW) A Risky Investment?
ATE
€70.95
Alten
7D
3.6%
1Y
-8.1%

Fewer Investors Than Expected Jumping On Alten S.A. (EPA:ATE)

Nov 05
Fewer Investors Than Expected Jumping On Alten S.A. (EPA:ATE)
PARRO
€9.20
Parrot
7D
8.5%
1Y
278.6%