Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

French (CAC) Tech Sector Analysis

UpdatedJul 21, 2026
DataAggregated Company Financials
Companies88
  • 7D-6.1%
  • 3M10.6%
  • 1Y-5.5%
  • YTD12.7%

Over the last 7 days, the Tech industry has dropped 6.1%, driven by STMicroelectronics declining 6.7%. On the other hand Lectra is actually up 8.7%. However, the industry is down 5.5% over the past year. As for the next few years, earnings are expected to grow by 26% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Jul 2026€113.8b€63.9b€3.5b17.6x32.7x1.8x
Thu, 18 Jun 2026€125.3b€64.0b€3.5b17.2x35.9x2x
Sat, 16 May 2026€118.0b€63.9b€3.7b17.2x32x1.8x
Mon, 13 Apr 2026€91.9b€63.5b€3.7b17.5x25.1x1.4x
Wed, 11 Mar 2026€89.6b€63.5b€3.7b19.2x23.9x1.4x
Fri, 06 Feb 2026€94.8b€62.6b€3.6b20.4x26.3x1.5x
Sun, 04 Jan 2026€101.5b€63.5b€4.0b21.4x25.6x1.6x
Tue, 02 Dec 2025€97.1b€63.6b€4.0b20.7x24.5x1.5x
Thu, 30 Oct 2025€99.8b€63.6b€4.1b19.9x24.5x1.6x
Sat, 27 Sep 2025€104.7b€63.4b€4.1b18.1x25.4x1.7x
Mon, 25 Aug 2025€105.1b€63.3b€4.2b16.5x25x1.7x
Wed, 23 Jul 2025€119.3b€73.1b€5.1b16.9x23.5x1.6x
Fri, 20 Jun 2025€117.0b€73.3b€5.1b16.1x23x1.6x
Sun, 18 May 2025€118.3b€73.6b€5.1b15.7x23.1x1.6x
Tue, 15 Apr 2025€108.8b€75.2b€5.5b15x19.9x1.4x
Thu, 13 Mar 2025€126.4b€67.7b€5.3b17.7x23.8x1.9x
Sat, 08 Feb 2025€131.9b€68.6b€5.4b16.4x24.6x1.9x
Mon, 06 Jan 2025€122.3b€69.7b€5.8b16.8x20.9x1.8x
Wed, 04 Dec 2024€121.3b€69.5b€5.8b16.2x20.9x1.7x
Fri, 01 Nov 2024€123.7b€68.9b€5.7b16.1x21.5x1.8x
Sun, 29 Sep 2024€140.8b€69.6b€6.4b17.7x22.1x2x
Tue, 27 Aug 2024€133.1b€69.7b€6.5b18.6x20.4x1.9x
Thu, 25 Jul 2024€143.1b€71.2b€7.1b19.5x20.2x2x
Sat, 22 Jun 2024€142.8b€71.4b€7.1b18.9x20x2x
Mon, 20 May 2024€153.8b€71.0b€7.1b22.1x21.5x2.2x
Wed, 17 Apr 2024€153.3b€73.5b€7.4b20.6x20.6x2.1x
Fri, 15 Mar 2024€166.1b€85.0b€6.0b20.8x27.9x2x
Sun, 11 Feb 2024€168.0b€88.0b€6.3b20.9x26.7x1.9x
Tue, 09 Jan 2024€162.9b€88.9b€6.8b22.1x24.1x1.8x
Thu, 07 Dec 2023€167.7b€89.2b€6.8b20.4x24.5x1.9x
Sat, 04 Nov 2023€151.3b€89.3b€6.9b20.2x22x1.7x
Mon, 02 Oct 2023€147.7b€89.3b€6.9b19.1x21.4x1.7x
Wed, 30 Aug 2023€155.2b€88.2b€6.8b21.1x22.7x1.8x
Fri, 28 Jul 2023€160.4b€86.3b€6.7b21.7x23.8x1.9x
Price to Earnings Ratio

23.8x


Total Market Cap: €160.4bTotal Earnings: €6.7bTotal Revenue: €86.3bTotal Market Cap vs Earnings and Revenue0%0%0%
French Tech Sector Price to Earnings3Y Average 24x202420252026
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 32.7x which is higher than its 3-year average PE of 24.0x.
  • The industry is trading close to its 3-year average PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have declined 20% per year over the last three years,
  • Revenues have also declined 9.5% 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 Market-0.37%
Tech-6.12%
IT0.29%
Tech Hardware-1.16%
Communications-1.46%
Software-2.29%
Electronic Equipment and Components-6.39%
Semiconductors-10.87%
Industry PE
  • Investors are most optimistic about the Software industry even though it's trading below its 3-year average PE ratio of 40.2x.
    • Analysts are expecting annual earnings growth of 8.2%, which is higher than its past year's earnings growth of 0.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 70% over the next 5 years.
  • In contrast, the Software industry is expected to see its earnings grow by 8.2% 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
LSS Lectra€18.288.7%
+€55.5m		-23.5%PE34.9x
SOP Sopra Steria Group€149.601.6%
+€42.7m		-23.8%PE9.4x
OVH OVH Groupe€15.251.7%
+€37.6m		38.6%PS2.1x
LBIRD Lumibird€28.104.9%
+€28.7m		51.1%PE44.3x
QDT Quadient€12.766.7%
+€27.1m		-18.5%PS0.4x

Latest News

QDT
€12.76
Quadient
7D
6.7%
1Y
-18.5%
OVH
€15.25
OVH Groupe
7D
1.7%
1Y
38.6%
Narrative Update • Jul 20

OVH: Sovereign AI Infrastructure Push Will Still Restrain Earnings Outlook

Analysts have raised their price target for OVH Groupe to €11.33 from €8.59, citing updated assumptions on fair value, discount rate, revenue growth, profit margins and future P/E levels. What’s in the News for OVH Groupe Scality expanded its technology partnership with OVHcloud, introducing a sovereign, cyber-resilient storage platform aimed at demanding AI workloads, combining high-performance object storage with cloud-native infrastructure and full data control.
LBIRD
€28.10
Lumibird
7D
4.9%
1Y
51.1%
STMPA
€57.25
STMicroelectronics
7D
-6.7%
1Y
103.3%
Narrative Update • Jul 20

STMPA: AI Data Center And Auto Recovery Will Drive Earnings Repricing

STMicroelectronics' updated fair value estimate has edged up to €87.81 from €85.65 as analysts factor in higher revenue growth and profit margin assumptions, along with a series of higher price targets driven by improving demand across industrial, data center and auto end markets. Analyst Commentary Recent research on STMicroelectronics shows a clear tilt toward more constructive views, with multiple bullish analysts lifting price targets and, in some cases, raising ratings as they reassess the company’s earnings power and exposure to growth areas such as data center, autos and industrial semiconductors.
ATEME
€13.40
ATEME
7D
12.1%
1Y
150.0%
DSY
€17.92
Dassault Systèmes
7D
-2.6%
1Y
-43.8%
ATO
€28.62
Atos Group
7D
-12.3%
1Y
6.5%
SOP
€149.60
Sopra Steria Group
7D
1.6%
1Y
-23.8%
XFAB
€7.45
X-FAB Silicon Foundries
7D
-9.3%
1Y
13.7%
Narrative Update • Jul 13

XFAB: Earnings Reset And Higher Future P/E Will Drive Repricing

X-FAB Silicon Foundries' updated analyst price target has been raised toward the upper end of recent Street research, with figures such as €6 from Deutsche Bank and €10.50 from Kepler Cheuvreux cited by analysts, who point to revised earnings expectations, adjusted fair value assumptions and a higher future P/E multiple as key drivers. Analyst Commentary Recent research on X-FAB Silicon Foundries shows a cluster of bullish analysts revisiting their assumptions, with several highlighting revised earnings expectations, higher fair value estimates and room for a stronger P/E multiple.
CAP
€90.02
Capgemini
7D
-0.1%
1Y
-33.4%
Narrative Update • Jul 12

CAP: Secure AI Partnership Will Support Future Upside Debate On Risk Pricing

Analysts have trimmed their fair value estimate for Capgemini to about €203 from about €218, citing revised price targets, a higher discount rate and recent Street research that includes a lower €125 target at Deutsche Bank and a downgrade at UBS. Analyst Commentary Recent Street research on Capgemini shows a mix of caution and optimism, but there are still clear bullish threads that investors are watching closely.
LSS
€18.28
Lectra
7D
8.7%
1Y
-23.5%
Narrative Update • Jul 10

LSS: Higher Required Return Will Set Up A More Attractive Entry Potential

Analysts have trimmed their price target on Lectra from €28.00 to €22.25, citing a higher required return, slightly softer revenue expectations, and more cautious assumptions on profit margins and future P/E multiples. What’s in the News for Lectra Goodwill South Florida has implemented Valia Manufacturing, Lectra’s new cloud-based solution, to modernize and automate cutting room operations, integrating ERP order data with planning, nesting, and cutting across a single platform.
SOI
€95.48
Soitec
7D
-7.1%
1Y
113.0%
Narrative Update • Jul 08

SOI: Power Electronics Adoption Will Drive Future Repricing Despite Execution Risks

The updated fair value estimate for Soitec rises from €77.87 to €138.89, reflecting analysts' higher price targets in the €130 to €200 range and their revised assumptions on revenue growth, profit margins, and forward P/E multiples. Analyst Commentary Recent Street research on Soitec shows a wide range of views on the stock, with price targets clustered between €70 and €200 and ratings spanning Buy to Underperform.
VU
€125.00
Vusion
7D
-5.2%
1Y
-46.5%
Narrative Update • Jul 07

VU: Future Store Rollouts Will Support Rebased Earnings Expectations

Analysts have revised their fair value estimate for Vusion to €260, down from €290, reflecting updated views on revenue growth potential and profitability, alongside recent Street price target moves to €220 and €180. Analyst Commentary on Vusion Recent Street research on Vusion points to a cluster of supportive views, even as fair value estimates and targets have been reset.
PLNW
€20.00
Planisware SAS
7D
-3.1%
1Y
-11.9%
SFPI
€2.25
GROUPE SFPI
7D
9.8%
1Y
-5.1%
NRO
€35.90
Neurones
7D
2.3%
1Y
-19.1%