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French (CAC) Tech Sector Analysis

UpdatedDec 20, 2025
DataAggregated Company Financials
Companies94
  • 7D-0.4%
  • 3M-3.9%
  • 1Y-14.0%
  • YTD-14.8%

In the last week, Tech has been flat. As for the longer term, the industry has declined 14% in the last year. Looking forward, 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
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
Fri, 03 Mar 2023€169.2b€89.5b€4.5b22.4x37.9x1.9x
Sun, 29 Jan 2023€163.4b€85.4b€3.9b23.2x42x1.9x
Tue, 27 Dec 2022€147.0b€84.8b€3.5b20.7x42.1x1.7x
Price to Earnings Ratio

42.1x


Total Market Cap: €147.0bTotal Earnings: €3.5bTotal Revenue: €84.8bTotal Market Cap vs Earnings and Revenue0%0%0%
French Tech Sector Price to Earnings3Y Average 24.4x202320242025
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 24.4x.
  • 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 4.3% 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 Market0.75%
Tech-0.35%
Software0.85%
Tech Hardware-0.011%
IT-0.74%
Semiconductors-1.34%
Electronic Equipment and Components-2.01%
Communications-2.68%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 15.3x.
    • Analysts are expecting annual earnings growth of 38.5%, 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
DSY Dassault Systèmes€23.700.8%
+€250.1m		-28.5%PE26.6x
SOP Sopra Steria Group€155.904.9%
+€140.3m		-6.1%PE10.6x
PLNW Planisware SAS€22.255.5%
+€80.2m		-18.6%PE32.1x
ATE Alten€74.352.5%
+€62.8m		-3.4%PE17.2x
74SW 74Software€39.601.8%
+€20.5m		46.1%PE27.5x

Latest News

WAVE
€54.60
Wavestone
7D
-5.9%
1Y
36.5%
ATO
€46.46
Atos
7D
-15.9%
1Y
121.2%
CAP
€145.60
Capgemini
7D
-1.4%
1Y
-6.2%

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Narrative Update on Capgemini The analyst price target for Capgemini has been reduced by EUR 21, from EUR 186 to EUR 165. Analysts are factoring in slightly higher discount rates and modestly softer long term growth expectations, while maintaining a positive view on the shares.
STMPA
€22.18
STMicroelectronics
7D
-0.8%
1Y
-6.3%
OVH
€6.73
OVH Groupe
7D
-5.3%
1Y
-20.5%

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PLNW
€22.25
Planisware SAS
7D
5.5%
1Y
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SOI
€23.30
Soitec
7D
-9.7%
1Y
-72.3%

SOI: Earnings Reset Risk Will Pressure Shares Amid Weakening Demand

Our updated narrative price target for Soitec has been cut from EUR 32 to EUR 20, as analysts factor in weaker revenue growth expectations, softer profit margins, and a higher anticipated earnings multiple reflected in recent downward revisions to Street targets. Analyst Commentary Recent Street research has turned more cautious on Soitec, with successive cuts to price targets signaling growing concern over the company’s medium term growth profile and risk reward balance.
SOP
€155.90
Sopra Steria Group
7D
4.9%
1Y
-6.1%
ATE
€74.35
Alten
7D
2.5%
1Y
-3.4%

ATE: Leadership Transition And 2025 Downturn Will Shape Moderate Longer-Term Outlook

Analysts have nudged their price target for Alten higher to approximately €68 from about €66.80, citing a modestly stronger outlook for revenue growth and profit margins. This improvement more than offsets a slightly higher assumed discount rate and a marginally lower future P/E multiple.
VU
€195.80
VusionGroup
7D
-3.2%
1Y
25.2%

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
€5.00
X-FAB Silicon Foundries
7D
-5.2%
1Y
5.5%

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.
DSY
€23.70
Dassault Systèmes
7D
0.8%
1Y
-28.5%

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LBIRD
€20.60
Lumibird
7D
2.0%
1Y
139.5%

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AL2SI
€12.26
2CRSI
7D
7.2%
1Y
213.6%
74SW
€39.60
74Software
7D
1.8%
1Y
46.1%

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Nov 12
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LIN
€46.90
Linedata Services
7D
3.1%
1Y
-43.1%