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French (CAC) Tech Sector Analysis

UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies91
  • 7D-5.0%
  • 3M0.8%
  • 1Y-27.6%
  • YTD-5.6%

Over the last 7 days, the Tech industry has dropped 5.0%, driven by a pullback from Capgemini of 9.4%. On the other hand Soitec is actually up 10.0%. However, the industry is down 28% over the past year. 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
Thu, 05 Feb 2026€95.1b€62.6b€3.6b21.5x26.4x1.5x
Sat, 03 Jan 2026€101.5b€63.5b€4.0b21.4x25.6x1.6x
Mon, 01 Dec 2025€97.1b€63.6b€4.0b20.7x24.5x1.5x
Wed, 29 Oct 2025€100.5b€63.5b€4.1b20.7x24.8x1.6x
Fri, 26 Sep 2025€106.0b€63.5b€4.2b17.4x25.5x1.7x
Sun, 24 Aug 2025€105.1b€63.3b€4.2b16.5x25x1.7x
Tue, 22 Jul 2025€120.6b€73.2b€5.1b17x23.8x1.6x
Thu, 19 Jun 2025€118.7b€73.3b€5.1b16.2x23.3x1.6x
Sat, 17 May 2025€118.3b€73.6b€5.1b15.7x23.1x1.6x
Mon, 14 Apr 2025€106.2b€75.2b€5.5b14.5x19.5x1.4x
Wed, 12 Mar 2025€126.5b€67.7b€5.3b17x23.8x1.9x
Fri, 07 Feb 2025€132.8b€68.5b€5.4b16.7x24.5x1.9x
Sun, 05 Jan 2025€122.3b€69.7b€5.8b16.8x20.9x1.8x
Tue, 03 Dec 2024€120.6b€69.5b€5.8b15.9x20.8x1.7x
Thu, 31 Oct 2024€123.7b€70.0b€6.4b16.1x19.3x1.8x
Sat, 28 Sep 2024€140.8b€69.5b€6.4b18.6x22.1x2x
Mon, 26 Aug 2024€133.0b€69.7b€6.5b17.1x20.4x1.9x
Wed, 24 Jul 2024€144.3b€71.2b€7.1b19.8x20.3x2x
Fri, 21 Jun 2024€144.5b€71.4b€7.1b19.1x20.2x2x
Sun, 19 May 2024€153.8b€71.0b€7.1b22.1x21.5x2.2x
Tue, 16 Apr 2024€153.3b€73.5b€7.4b20.6x20.6x2.1x
Thu, 14 Mar 2024€167.1b€84.9b€5.9b21.1x28.1x2x
Sat, 10 Feb 2024€168.0b€88.0b€6.3b20.9x26.7x1.9x
Mon, 08 Jan 2024€161.5b€89.0b€6.8b22x23.8x1.8x
Wed, 06 Dec 2023€166.1b€89.2b€6.8b21x24.3x1.9x
Fri, 03 Nov 2023€149.1b€89.5b€6.9b18.9x21.5x1.7x
Sun, 01 Oct 2023€147.7b€89.3b€6.9b19.1x21.4x1.7x
Tue, 29 Aug 2023€152.9b€88.2b€6.8b21.2x22.3x1.7x
Thu, 27 Jul 2023€160.2b€86.2b€6.7b22.5x23.9x1.9x
Sat, 24 Jun 2023€155.6b€86.4b€6.7b19.2x23.3x1.8x
Mon, 22 May 2023€153.4b€86.3b€6.6b19.5x23.2x1.8x
Wed, 19 Apr 2023€157.5b€85.0b€6.3b19.9x24.9x1.9x
Fri, 17 Mar 2023€168.4b€89.6b€6.4b20.9x26.4x1.9x
Sun, 12 Feb 2023€170.4b€85.9b€4.1b23x41.9x2x
Price to Earnings Ratio

41.9x


Total Market Cap: €170.4bTotal Earnings: €4.1bTotal Revenue: €85.9bTotal Market Cap vs Earnings and Revenue0%0%0%
French Tech Sector Price to Earnings3Y Average 23.6x202420252026
Current Industry PE
  • Investors are optimistic on the French Information Technology industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 26.4x which is higher than its 3-year average PE of 23.6x.
  • The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have declined 4.0% per year over the last three years,
  • Revenues have also declined 10.0% 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 Market1.57%
Tech-4.99%
Tech Hardware0.07%
Electronic Equipment and Components-1.71%
Semiconductors-2.52%
Software-4.62%
Communications-6.20%
IT-8.14%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 17.3x.
    • Analysts are expecting annual earnings growth of 35.1%, which is higher than its past year's earnings decline of 57.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 105% 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 9.5% 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
SOI Soitec€30.2210.0%
+€97.8m		-63.2%PE99.9x
AL2SI 2CRSI€15.3620.2%
+€57.6m		285.0%PE161.2x
ATE Alten€73.200.7%
+€17.4m		-16.1%PE16.9x
ATEME ATEME€8.2018.5%
+€14.8m		104.5%PS1x
LACR LACROIX Group€13.5012.5%
+€7.0m		48.4%PS0.1x

Latest News

SOI
€30.22
Soitec
7D
10.0%
1Y
-63.2%
STMPA
€24.34
STMicroelectronics
7D
-2.5%
1Y
14.8%
LACR
€13.50
LACROIX Group
7D
12.5%
1Y
48.4%

LACROIX Group SA's (EPA:LACR) Business Is Trailing The Industry But Its Shares Aren't

Feb 04
LACROIX Group SA's (EPA:LACR) Business Is Trailing The Industry But Its Shares Aren't
WAVE
€53.50
Wavestone
7D
-13.4%
1Y
6.4%
74SW
€32.30
74Software
7D
-13.6%
1Y
18.3%

74SW: Stable Assumptions And Steady Outlook Will Support Upside Potential

Analysts have maintained their price target for 74Software at about $47.35, making only minor adjustments to inputs such as the discount rate and projected P/E ratio to support their view that the existing valuation framework remains valid. Valuation Changes Fair Value Estimate: Held steady at about US$47.35, indicating no change in the central valuation output.
AL2SI
€15.36
2CRSI
7D
20.2%
1Y
285.0%

Revenues Tell The Story For 2CRSI S.A. (EPA:AL2SI) As Its Stock Soars 27%

Jan 31
Revenues Tell The Story For 2CRSI S.A. (EPA:AL2SI) As Its Stock Soars 27%
ATE
€73.20
Alten
7D
0.7%
1Y
-16.1%
CAP
€119.10
Capgemini
7D
-9.4%
1Y
-33.3%
LIN
€42.30
Linedata Services
7D
3.2%
1Y
-50.2%
DSY
€22.96
Dassault Systèmes
7D
-4.1%
1Y
-44.0%

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)
OVH
€9.74
OVH Groupe
7D
-9.5%
1Y
21.3%

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.
ATEME
€8.20
ATEME
7D
18.5%
1Y
104.5%
SOP
€135.30
Sopra Steria Group
7D
-9.4%
1Y
-23.3%

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.
ALKAL
€2.84
Kalray
7D
14.3%
1Y
260.7%
PLNW
€19.00
Planisware SAS
7D
-11.2%
1Y
-35.2%
NRO
€39.60
Neurones
7D
0.5%
1Y
-13.7%

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