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French (CAC) Tech Sector Analysis

UpdatedDec 27, 2025
DataAggregated Company Financials
Companies94
  • 7D-0.9%
  • 3M-4.3%
  • 1Y-16.0%
  • YTD-15.6%

Over the last 7 days, the Tech industry has remained flat, although notably OVH Groupe gained 8.4%. Unfortunately though, the industry is down 16% over the past 12 months. As for the next few years, earnings are expected to grow by 19% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 28 Dec 2025€100.2b€63.4b€4.0b20.7x25.3x1.6x
Tue, 25 Nov 2025€95.1b€63.7b€4.0b20.6x24x1.5x
Thu, 23 Oct 2025€110.5b€63.5b€4.1b19.6x26.8x1.7x
Sat, 20 Sep 2025€105.2b€63.4b€4.2b16.2x25.1x1.7x
Mon, 18 Aug 2025€102.9b€63.3b€4.2b16.2x24.5x1.6x
Wed, 16 Jul 2025€119.7b€73.2b€5.1b16.9x23.6x1.6x
Fri, 13 Jun 2025€120.8b€73.3b€5.1b16.4x23.8x1.6x
Sun, 11 May 2025€115.6b€73.5b€5.1b16.7x22.7x1.6x
Tue, 08 Apr 2025€103.8b€75.7b€5.5b14.6x18.8x1.4x
Thu, 06 Mar 2025€127.7b€67.8b€5.3b16.7x23.9x1.9x
Sat, 01 Feb 2025€131.6b€68.6b€5.3b17.1x24.7x1.9x
Mon, 30 Dec 2024€124.0b€69.5b€5.8b16.6x21.3x1.8x
Wed, 27 Nov 2024€122.6b€69.5b€5.8b16.4x21.1x1.8x
Fri, 25 Oct 2024€128.6b€69.8b€6.4b16.3x20x1.8x
Sun, 22 Sep 2024€134.5b€69.6b€6.4b18.2x21.1x1.9x
Tue, 20 Aug 2024€132.4b€69.8b€6.5b17.2x20.3x1.9x
Thu, 18 Jul 2024€145.0b€71.1b€7.1b20.2x20.5x2x
Sat, 15 Jun 2024€145.0b€71.4b€7.1b19.3x20.3x2x
Mon, 13 May 2024€152.5b€73.2b€6.9b22.7x22.2x2.1x
Wed, 10 Apr 2024€157.2b€73.2b€7.3b22.6x21.4x2.1x
Fri, 08 Mar 2024€170.3b€85.9b€6.0b21.8x28.3x2x
Sun, 04 Feb 2024€165.8b€89.2b€6.4b21.7x26.1x1.9x
Tue, 02 Jan 2024€170.6b€88.8b€6.7b22x25.3x1.9x
Thu, 30 Nov 2023€164.9b€88.9b€6.8b20.4x24.4x1.9x
Sat, 28 Oct 2023€143.9b€89.6b€7.0b18.1x20.6x1.6x
Mon, 25 Sep 2023€147.0b€88.8b€6.9b19.8x21.3x1.7x
Wed, 23 Aug 2023€153.3b€88.2b€6.8b21.6x22.4x1.7x
Fri, 21 Jul 2023€164.6b€86.0b€6.6b20.6x25x1.9x
Sun, 18 Jun 2023€165.4b€86.4b€6.7b19.9x24.8x1.9x
Tue, 16 May 2023€148.7b€86.1b€6.6b20.1x22.6x1.7x
Thu, 13 Apr 2023€157.6b€85.0b€6.3b19x25x1.9x
Sat, 11 Mar 2023€169.4b€89.5b€6.4b23x26.7x1.9x
Mon, 06 Feb 2023€176.6b€85.7b€4.0b23.5x44.1x2.1x
Wed, 04 Jan 2023€149.3b€85.0b€3.5b22.8x42.4x1.8x
Price to Earnings Ratio

42.4x


Total Market Cap: €149.3bTotal Earnings: €3.5bTotal Revenue: €85.0bTotal Market Cap vs Earnings and Revenue0%0%0%
French Tech Sector Price to Earnings3Y Average 24.3x20242025
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 24.3x.
  • 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 Market-0.39%
Tech-0.89%
Communications2.19%
Electronic Equipment and Components1.59%
Software-0.27%
Semiconductors-0.42%
Tech Hardware-0.49%
IT-2.24%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 15.5x.
    • 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 68% 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
OVH OVH Groupe€7.298.4%
+€85.0m		-15.9%PE2741.1x
VU VusionGroup€199.101.7%
+€55.2m		13.5%PS2.9x
74SW 74Software€40.903.3%
+€38.0m		51.5%PE28.4x
LSS Lectra€23.453.3%
+€28.5m		-10.7%PE31.9x
PLNW Planisware SAS€22.651.8%
+€27.9m		-20.4%PE32.6x

Latest News

ATE
€71.30
Alten
7D
-4.1%
1Y
-8.9%

ATE: Governance Shift And Incoming CEO Will Support Long Term Upside Potential

Analysts have raised their price target for Alten from €114 to €118, reflecting slightly stronger expectations for long term revenue growth and valuation multiples, partially offset by modestly lower projected profit margins. What's in the News Alten confirmed its 2025 earnings guidance, expecting an organic revenue decline between 5.2% and 5.5% amid a continued slowdown since late 2023 and an uncertain macroeconomic backdrop, despite early positive signals from some clients for 2026 (company guidance) The Board decided to separate the roles of Chairman and Chief Executive Officer, aligning governance with Simon Azoulay’s stated wishes (Board meeting) Cyril Malargé, currently CEO of Sopra Steria, was appointed as Alten’s new Chief Executive Officer, with his role to become effective no later than 31 January 2026 after he leaves his current position (executive changes) The Board meeting on 8 October 2025 also considered and approved the resignation of independent director and Audit Committee Chair Aliette Mardyks, alongside other governance matters (Board meeting) Valuation Changes Fair Value: Raised slightly from €114 to €118 per share, reflecting incrementally stronger long term expectations.
S30
€0.96
Solutions 30
7D
12.0%
1Y
10.6%

Estimating The Intrinsic Value Of Solutions 30 SE (EPA:S30)

Dec 26
Estimating The Intrinsic Value Of Solutions 30 SE (EPA:S30)
VU
€199.10
VusionGroup
7D
1.7%
1Y
13.5%

VU: Big Retail Rollouts Will Drive Shares Higher Over Time

Analysts have marginally lifted their price target on VusionGroup, nudging it higher by a fraction of a percent to roughly €282 per share, citing fine tuned assumptions around the discount rate, long term revenue growth, profit margins, and future valuation multiples. What's in the News VusionGroup will deploy its advanced electronic shelf labels and VusionCloud platform across more than 200 OBI home improvement stores in Germany, fully leveraging OBI's existing Cisco Meraki wireless infrastructure to automate pricing and cut non sales tasks.
XFAB
€5.10
X-FAB Silicon Foundries
7D
2.0%
1Y
1.4%

XFAB: Future Returns Will Improve As Hold Downgrade Masks Demand Recovery Potential

Analysts have nudged their price target for X-FAB Silicon Foundries lower to EUR 6.00, reflecting a more cautious stance following a recent downgrade to Hold, while leaving long term growth and profitability assumptions broadly unchanged. Analyst Commentary Analysts view the revised EUR 6.00 price target as broadly aligned with the company’s current execution profile, balancing solid structural growth drivers in specialty foundry markets with elevated uncertainty around near term order momentum.
SOP
€154.50
Sopra Steria Group
7D
-0.9%
1Y
-8.0%

SOP: Buy Rating Will Remain Backed By Modestly Reduced Revenue Expectations

Analysts have trimmed their fair value estimate for Sopra Steria Group from EUR 201.90 to EUR 197.60, citing slightly softer revenue growth and margin expectations in line with recent Street price target reductions, while maintaining a positive long term view. Analyst Commentary Bullish Takeaways Bullish analysts continue to see upside potential to the current share price, as the latest price target remains comfortably above spot levels despite the modest cut.
DSY
€23.56
Dassault Systèmes
7D
-0.6%
1Y
-29.0%

DSY: Transition Progress And Recurring Revenue Mix Will Drive Future Upside Potential

Analysts have trimmed their price target for Dassault Systèmes by roughly EUR 4. This reflects a more cautious view on the duration of the company’s transition and the pace of any eventual inflection in growth.
ATO
€45.80
Atos
7D
-1.4%
1Y
69.6%
CAP
€141.65
Capgemini
7D
-2.7%
1Y
-9.8%

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

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
€22.08
STMicroelectronics
7D
-0.5%
1Y
-9.4%
AUB
€55.80
Aubay Société Anonyme
7D
2.4%
1Y
25.0%

Aubay Société Anonyme's (EPA:AUB) Popularity With Investors Is Under Threat From Overpricing

Dec 17
Aubay Société Anonyme's (EPA:AUB) Popularity With Investors Is Under Threat From Overpricing
OVH
€7.29
OVH Groupe
7D
8.4%
1Y
-15.9%

Here's Why OVH Groupe (EPA:OVH) Has A Meaningful Debt Burden

Dec 15
Here's Why OVH Groupe (EPA:OVH) Has A Meaningful Debt Burden
PLNW
€22.65
Planisware SAS
7D
1.8%
1Y
-20.4%

A Look At The Fair Value Of Planisware SAS (EPA:PLNW)

Dec 15
A Look At The Fair Value Of Planisware SAS (EPA:PLNW)
SOI
€22.95
Soitec
7D
-1.5%
1Y
-73.1%

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.
LSS
€23.45
Lectra
7D
3.3%
1Y
-10.7%

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

Nov 26
Should You Investigate Lectra SA (EPA:LSS) At €23.15?
AL2SI
€11.56
2CRSI
7D
-5.7%
1Y
189.0%
74SW
€40.90
74Software
7D
3.3%
1Y
51.5%

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

Nov 12
Is 74Software (EPA:74SW) A Risky Investment?