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French (CAC) Tech Sector Analysis

UpdatedMar 28, 2026
DataAggregated Company Financials
Companies91
  • 7D0.2%
  • 3M-15.1%
  • 1Y-28.2%
  • YTD-16.1%

Last week, the Tech industry hasn't moved much but STMicroelectronics is up 5.9% in that time. Unfortunately though, the industry is down 28% over the past 12 months. As for the next few years, earnings are expected to grow by 20% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 29 Mar 2026€84.6b€63.6b€3.6b17.6x23.3x1.3x
Tue, 24 Feb 2026€86.6b€63.0b€3.7b16.3x23.6x1.4x
Thu, 22 Jan 2026€99.4b€63.5b€4.0b21.6x25.1x1.6x
Sat, 20 Dec 2025€101.1b€63.5b€4.0b21x25.5x1.6x
Mon, 17 Nov 2025€97.6b€63.7b€4.0b20.5x24.2x1.5x
Wed, 15 Oct 2025€105.0b€63.5b€4.1b19.6x25.4x1.7x
Fri, 12 Sep 2025€101.8b€63.3b€4.2b15.6x24.3x1.6x
Sun, 10 Aug 2025€104.3b€63.3b€4.2b16.9x24.8x1.6x
Tue, 08 Jul 2025€118.2b€73.0b€5.1b17x23.3x1.6x
Thu, 05 Jun 2025€119.1b€73.4b€5.1b16.2x23.4x1.6x
Sat, 03 May 2025€113.6b€73.5b€5.1b15.9x22.3x1.5x
Mon, 31 Mar 2025€119.2b€75.9b€5.5b17.3x21.5x1.6x
Wed, 26 Feb 2025€130.9b€68.2b€5.3b16.6x24.8x1.9x
Fri, 24 Jan 2025€128.8b€69.5b€5.8b16.7x22.2x1.9x
Sun, 22 Dec 2024€122.0b€69.5b€5.8b16.2x21x1.8x
Tue, 19 Nov 2024€120.2b€69.4b€5.9b15.3x20.5x1.7x
Thu, 17 Oct 2024€128.3b€69.9b€6.4b16.9x19.9x1.8x
Sat, 14 Sep 2024€136.5b€69.6b€6.4b18.3x21.4x2x
Mon, 12 Aug 2024€128.8b€70.0b€6.6b17.9x19.6x1.8x
Wed, 10 Jul 2024€142.3b€71.2b€7.1b19.1x20x2x
Fri, 07 Jun 2024€153.7b€71.1b€7.1b19.9x21.7x2.2x
Sun, 05 May 2024€149.0b€73.1b€6.9b21.8x21.6x2x
Tue, 02 Apr 2024€159.0b€73.2b€7.4b21.6x21.6x2.2x
Thu, 29 Feb 2024€167.8b€88.2b€6.1b20.9x27.7x1.9x
Sat, 27 Jan 2024€174.9b€89.0b€6.3b21.7x27.6x2x
Mon, 25 Dec 2023€171.2b€88.9b€6.8b21.5x25.3x1.9x
Wed, 22 Nov 2023€160.4b€89.0b€6.8b19.9x23.6x1.8x
Fri, 20 Oct 2023€142.7b€89.4b€6.9b18.1x20.7x1.6x
Sun, 17 Sep 2023€150.0b€88.7b€6.9b20.1x21.8x1.7x
Tue, 15 Aug 2023€154.6b€88.1b€6.8b21.7x22.7x1.8x
Thu, 13 Jul 2023€163.8b€86.0b€6.6b20.7x24.9x1.9x
Sat, 10 Jun 2023€159.7b€86.5b€6.7b21.6x23.8x1.8x
Mon, 08 May 2023€149.2b€85.8b€6.5b19.9x22.9x1.7x
Wed, 05 Apr 2023€158.8b€85.0b€6.3b18.9x25.2x1.9x
Price to Earnings Ratio

25.2x


Total Market Cap: €158.8bTotal 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 1.3x.
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 Market0.086%
Tech0.21%
Semiconductors5.53%
Tech Hardware3.71%
IT-2.05%
Electronic Equipment and Components-2.74%
Software-3.20%
Communications-3.49%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 24.2x.
    • Analysts are expecting annual earnings growth of 36.2%, 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€28.515.9%
+€1.4b		39.0%PE175.7x
ARTO Société Industrielle et Financière de l'Artois Société anonyme€8.90k4.1%
+€93.2m		-22.6%PE143.5x
SOI Soitec€53.783.9%
+€72.1m		4.9%PE177.8x
AL2SI 2CRSI€24.6013.1%
+€64.2m		510.4%PE260.5x
OVH OVH Groupe€8.942.8%
+€36.1m		20.5%PE3359.6x

Latest News

QDT
€11.24
Quadient
7D
-11.2%
1Y
-29.1%

Quadient S.A. Reported A Surprise Loss, And Analysts Have Updated Their Forecasts

Mar 28
Quadient S.A. Reported A Surprise Loss, And Analysts Have Updated Their Forecasts
ATO
€35.00
Atos
7D
-9.8%
1Y
-12.5%
STMPA
€28.51
STMicroelectronics
7D
5.9%
1Y
39.0%
ATEME
€9.64
ATEME
7D
24.5%
1Y
138.6%
DSY
€16.61
Dassault Systèmes
7D
-3.5%
1Y
-54.1%
CAP
€96.20
Capgemini
7D
-2.4%
1Y
-33.8%

CAP: Gen AI And Sovereign Cloud Alliances Will Support Future Rerating Potential

Capgemini's narrative update reflects a lower blended analyst price target, with cuts from around €170 to €115 to €160 and a higher discount rate now applied, as analysts balance concerns about profit and cash flow against improving top line trends and a more even risk reward profile around Gen AI exposure. Analyst Commentary Recent Street research points to a more mixed stance on Capgemini, with analysts adjusting price targets and ratings as they reassess growth, execution and Gen AI exposure.
SOI
€53.78
Soitec
7D
3.9%
1Y
4.9%
LSS
€16.00
Lectra
7D
2.4%
1Y
-40.5%
OVH
€8.94
OVH Groupe
7D
2.8%
1Y
20.5%
SOP
€114.70
Sopra Steria Group
7D
-1.8%
1Y
-34.6%

SOP: Higher EUR 168 Outlook Will Support Dividend And Capital Return Confidence

The updated analyst fair value estimate for Sopra Steria Group shifts to €193.33 from €199, with a recalibrated P/E assumption and discount rate reflecting recent Street research that includes a higher €168 price target from analysts. Analyst Commentary Bullish Takeaways Bullish analysts see the revised €168 price target as consistent with a valuation that still leaves room above the updated €193.33 fair value estimate, suggesting they view current execution and fundamentals as reasonably aligned with their expectations.
XFAB
€4.69
X-FAB Silicon Foundries
7D
3.0%
1Y
21.9%

XFAB: Neutral Coverage And Revised Assumptions Will Shape Future Repricing

Analysts have trimmed their price targets on X-FAB Silicon Foundries by about €1.40 after recent research updates from major banks and brokers, reflecting updated assumptions for slower revenue growth, lower profit margins, and a higher future P/E multiple. Analyst Commentary Bullish Takeaways Bullish analysts still see support for the current valuation, pointing to a higher future P/E multiple that suggests investors are willing to pay up for X-FAB Silicon Foundries if execution on growth projects holds.
PLNW
€13.96
Planisware SAS
7D
-4.5%
1Y
-39.4%

PLNW: Rising 2025 Dividend Will Support Future Upside

Analysts have trimmed their price target for Planisware SAS from about €24.33 to roughly €23.44, citing slightly more cautious assumptions around discount rates, revenue growth, profit margins, and future P/E multiples. What's in the News Management issued revenue guidance for 2026, targeting low double-digit revenue growth in constant currencies.
VU
€101.20
Vusion
7D
-2.8%
1Y
-48.8%
ATE
€52.25
Alten
7D
-2.2%
1Y
-42.7%
AL2SI
€24.60
2CRSI
7D
13.1%
1Y
510.4%
ARTO
€8,900.00
Société Industrielle et Financière de l'Artois Société anonyme
7D
4.1%
1Y
-22.6%