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French (CAC) Tech Sector Analysis

UpdatedApr 03, 2026
DataAggregated Company Financials
Companies91
  • 7D3.0%
  • 3M-12.5%
  • 1Y-19.8%
  • YTD-12.5%

In the last week, the Tech industry is up 3.0%, with Capgemini up 6.9%. However, the industry is down 20% over the past year. 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
Fri, 03 Apr 2026€88.2b€63.4b€3.7b17.9x24.1x1.4x
Sun, 01 Mar 2026€90.0b€62.9b€3.6b19x24.8x1.4x
Tue, 27 Jan 2026€100.4b€63.3b€4.0b21.3x25.4x1.6x
Thu, 25 Dec 2025€100.2b€63.4b€4.0b20.7x25.3x1.6x
Sat, 22 Nov 2025€93.9b€63.7b€4.0b20.3x23.7x1.5x
Mon, 20 Oct 2025€107.0b€63.4b€4.1b19.6x25.9x1.7x
Wed, 17 Sep 2025€103.1b€63.4b€4.2b15.9x24.5x1.6x
Fri, 15 Aug 2025€102.4b€63.3b€4.2b16.2x24.4x1.6x
Sun, 13 Jul 2025€120.3b€73.1b€5.1b16.9x23.7x1.6x
Tue, 10 Jun 2025€120.0b€73.4b€5.1b16.5x23.5x1.6x
Thu, 08 May 2025€112.6b€73.5b€5.1b16.1x22.1x1.5x
Sat, 05 Apr 2025€108.3b€75.6b€5.5b15.2x19.6x1.4x
Mon, 03 Mar 2025€126.5b€68.4b€5.4b16.3x23.5x1.9x
Wed, 29 Jan 2025€130.3b€69.5b€5.8b16.5x22.4x1.9x
Fri, 27 Dec 2024€123.8b€69.5b€5.8b16.4x21.3x1.8x
Sun, 24 Nov 2024€120.8b€69.6b€5.8b15.7x20.7x1.7x
Tue, 22 Oct 2024€128.8b€69.8b€6.4b16.2x20x1.8x
Thu, 19 Sep 2024€134.3b€69.5b€6.4b17.9x21x1.9x
Sat, 17 Aug 2024€131.9b€69.9b€6.5b17.3x20.1x1.9x
Mon, 15 Jul 2024€146.4b€71.1b€7.1b19.7x20.7x2.1x
Wed, 12 Jun 2024€150.2b€71.3b€7.1b19.6x21.1x2.1x
Fri, 10 May 2024€152.2b€73.2b€6.9b22.8x22.1x2.1x
Sun, 07 Apr 2024€156.8b€73.2b€7.4b22.6x21.3x2.1x
Tue, 05 Mar 2024€169.4b€86.0b€6.0b21.3x28x2x
Thu, 01 Feb 2024€175.1b€89.1b€6.3b21.9x27.6x2x
Sat, 30 Dec 2023€170.6b€88.8b€6.7b21.8x25.3x1.9x
Mon, 27 Nov 2023€161.9b€88.9b€6.8b20.2x23.9x1.8x
Wed, 25 Oct 2023€140.1b€89.4b€6.9b17.8x20.3x1.6x
Fri, 22 Sep 2023€146.8b€88.7b€6.9b19.8x21.3x1.7x
Sun, 20 Aug 2023€150.6b€88.1b€6.8b21.3x22.1x1.7x
Tue, 18 Jul 2023€164.8b€85.9b€6.5b20.5x25.2x1.9x
Thu, 15 Jun 2023€164.9b€86.5b€6.7b21.7x24.7x1.9x
Sat, 13 May 2023€148.5b€86.1b€6.6b20.3x22.5x1.7x
Mon, 10 Apr 2023€156.9b€85.1b€6.3b18.9x24.7x1.8x
Price to Earnings Ratio

24.7x


Total Market Cap: €156.9bTotal Earnings: €6.3bTotal Revenue: €85.1bTotal 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 9.3% 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 Market2.66%
Tech2.96%
Communications8.33%
IT6.44%
Electronic Equipment and Components5.03%
Tech Hardware4.08%
Software3.79%
Semiconductors-1.06%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 25.0x.
    • 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
CAP Capgemini€102.856.9%
+€1.1b		-23.9%PE10.9x
DSY Dassault Systèmes€17.624.0%
+€883.6m		-47.9%PE19.3x
SOP Sopra Steria Group€124.1010.3%
+€225.2m		-27.3%PE8.1x
AL2SI 2CRSI€28.7028.4%
+€143.1m		701.7%PE304x
VU Vusion€108.705.7%
+€98.9m		-42.0%PE21.6x

Latest News

STMPA
€29.09
STMicroelectronics
7D
-0.7%
1Y
59.4%

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
€17.62
Dassault Systèmes
7D
4.0%
1Y
-47.9%

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
€32.80
74Software
7D
6.1%
1Y
3.1%

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

Apr 01
We Think 74Software's (EPA:74SW) Solid Earnings Are Understated
ATO
€35.19
Atos
7D
-4.8%
1Y
-12.0%

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).
S30
€0.56
Solutions 30
7D
-19.6%
1Y
-65.5%
CAP
€102.85
Capgemini
7D
6.9%
1Y
-23.9%

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
AL2SI
€28.70
2CRSI
7D
28.4%
1Y
701.7%

Revenue Downgrade: Here's What Analysts Forecast For 2CRSI S.A. (EPA:AL2SI)

Mar 30
Revenue Downgrade: Here's What Analysts Forecast For 2CRSI S.A. (EPA:AL2SI)
SOI
€50.00
Soitec
7D
-6.5%
1Y
8.0%
OVH
€9.60
OVH Groupe
7D
7.3%
1Y
7.8%
SOP
€124.10
Sopra Steria Group
7D
10.3%
1Y
-27.3%

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.
WAVE
€47.10
Wavestone
7D
5.3%
1Y
2.6%
XFAB
€4.71
X-FAB Silicon Foundries
7D
-2.8%
1Y
33.1%

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.
ALRIB
€5.50
Riber
7D
-3.8%
1Y
108.3%
VU
€108.70
Vusion
7D
5.7%
1Y
-42.0%
ALTAI
€4.86
LightOn
7D
-12.6%
1Y
-77.3%
LIN
€40.00
Linedata Services
7D
-7.0%
1Y
-47.8%