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French (CAC) Tech Sector Analysis

UpdatedMar 20, 2026
DataAggregated Company Financials
Companies91
  • 7D-4.1%
  • 3M-13.6%
  • 1Y-30.5%
  • YTD-13.9%

Over the last 7 days, the Tech industry has dropped 4.1%, driven by pullbacks in Capgemini and STMicroelectronics of 6.1% and 4.0%, respectively. Meanwhile, Parrot actually outperformed within the industry, gaining 24% in the last week. Overall the industry is down 30% in 12 months. 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
Fri, 20 Mar 2026€86.7b€63.5b€3.7b18.1x23.2x1.4x
Sun, 15 Feb 2026€88.1b€62.9b€3.7b18.4x24x1.4x
Tue, 13 Jan 2026€104.6b€63.5b€4.0b22x26.4x1.6x
Thu, 11 Dec 2025€100.1b€63.6b€4.0b20.9x25.2x1.6x
Sat, 08 Nov 2025€94.5b€63.7b€4.0b20.5x23.4x1.5x
Mon, 06 Oct 2025€108.9b€63.3b€4.1b18.9x26.4x1.7x
Wed, 03 Sep 2025€99.6b€63.4b€4.2b15.3x23.7x1.6x
Fri, 01 Aug 2025€108.6b€73.1b€4.5b16.1x24.2x1.5x
Sun, 29 Jun 2025€118.2b€73.1b€5.1b16.8x23.3x1.6x
Tue, 27 May 2025€117.0b€73.4b€5.1b15.7x22.9x1.6x
Thu, 24 Apr 2025€110.9b€74.1b€5.5b15.6x20.2x1.5x
Sat, 22 Mar 2025€126.4b€77.4b€5.6b18.2x22.7x1.6x
Mon, 17 Feb 2025€136.1b€68.4b€5.3b17.1x25.4x2x
Wed, 15 Jan 2025€122.9b€69.7b€5.8b16.4x21.1x1.8x
Fri, 13 Dec 2024€126.1b€69.4b€5.8b16x21.7x1.8x
Sun, 10 Nov 2024€123.8b€69.1b€5.8b16.2x21.3x1.8x
Tue, 08 Oct 2024€133.2b€69.8b€6.4b16.9x20.8x1.9x
Thu, 05 Sep 2024€131.6b€69.8b€6.5b18.6x20.2x1.9x
Sat, 03 Aug 2024€130.8b€70.0b€6.6b18.2x19.9x1.9x
Mon, 01 Jul 2024€141.7b€71.4b€7.1b18.4x19.8x2x
Wed, 29 May 2024€155.2b€71.0b€7.1b22.1x21.8x2.2x
Fri, 26 Apr 2024€151.3b€73.0b€6.9b20.4x21.9x2.1x
Sun, 24 Mar 2024€160.8b€85.1b€6.0b20.1x26.9x1.9x
Tue, 20 Feb 2024€168.6b€87.8b€6.3b20.4x27x1.9x
Thu, 18 Jan 2024€166.1b€89.1b€6.8b21.7x24.4x1.9x
Sat, 16 Dec 2023€173.2b€89.1b€6.8b21x25.5x1.9x
Mon, 13 Nov 2023€153.1b€89.4b€6.9b19.8x22.2x1.7x
Wed, 11 Oct 2023€150.8b€89.2b€6.9b18.8x22x1.7x
Fri, 08 Sep 2023€151.5b€88.5b€6.8b20.8x22.3x1.7x
Sun, 06 Aug 2023€157.6b€87.9b€6.8b21.5x23.3x1.8x
Tue, 04 Jul 2023€161.4b€86.3b€6.7b20.2x24.2x1.9x
Thu, 01 Jun 2023€155.7b€86.5b€6.7b18.9x23.1x1.8x
Sat, 29 Apr 2023€148.5b€85.8b€6.5b19.3x22.8x1.7x
Mon, 27 Mar 2023€155.6b€85.0b€6.5b19.2x24x1.8x
Price to Earnings Ratio

24x


Total Market Cap: €155.6bTotal Earnings: €6.5bTotal Revenue: €85.0bTotal 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 Market-2.65%
Tech-4.08%
Communications15.03%
Tech Hardware-1.58%
Electronic Equipment and Components-2.96%
Software-3.66%
Semiconductors-4.06%
IT-5.33%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 23.1x.
    • Analysts are expecting annual earnings growth of 35.8%, 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 99% over the next 5 years.
  • This is better than its past earnings decline of 79% per year.
  • In contrast, the Software industry is expected to see its earnings grow by 8.8% 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
PARRO Parrot€10.0023.8%
+€59.4m		13.6%PS3.8x
ATO Atos€39.504.4%
+€32.3m		6.8%PS0.1x
LIN Linedata Services€41.208.7%
+€16.3m		-48.2%PE7.9x
LBIRD Lumibird€22.103.3%
+€15.4m		115.6%PE34.8x
ATEME ATEME€7.9616.4%
+€13.0m		99.0%PS1x

Latest News

STMPA
€27.80
STMicroelectronics
7D
-4.0%
1Y
22.8%

STMPA: AI And Auto Recovery Themes Will Drive 2026 Upside Potential

Analysts have nudged the fair value estimate for STMicroelectronics to €36.39 from €35.69, citing refreshed models that factor in updated views on recovery in Industrial and Auto demand by 2026, as well as added optionality from AI, LEO, data center 800VDC, humanoids and SiPho foundry opportunities. Analyst Commentary Recent Street research reflects a generally constructive tone around STMicroelectronics, with several bullish analysts lifting price targets and pointing to potential upside as they refresh models for the 2026 horizon.
DSY
€17.70
Dassault Systèmes
7D
-3.4%
1Y
-54.8%

DSY: AI Partnerships And Execution Improvements Will Support Future Upside Potential

Analysts have trimmed the fair value estimate for Dassault Systèmes to €34.10 from €35.45, reflecting a series of lower price targets and rating cuts as they factor in tougher IT spending conditions, geopolitical uncertainty, and limited near term visibility on revenue growth reacceleration. Analyst Commentary Recent Street research reflects a broad reset in expectations, with several downgrades and lower price targets as analysts factor in tougher IT spending conditions, geopolitical risks, and execution questions.
CAP
€101.10
Capgemini
7D
-6.1%
1Y
-31.2%
ATO
€39.50
Atos
7D
4.4%
1Y
6.8%

ATO: Agentic AI And Cybersecurity Focus Will Support Future Upside Potential

Analysts have raised their price target on Atos from €55.00 to €59.00, citing updated assumptions for a smaller revenue decline, a lower projected profit margin, and a higher future P/E multiple in their models. What's in the News Atos launched Atos Sovereign Agentic Studios, a new operating model aimed at helping organizations move agentic AI from pilots to production with a focus on security, governance and digital sovereignty (Key Developments).
SOI
€54.18
Soitec
7D
-6.0%
1Y
-5.3%
74SW
€30.80
74Software
7D
-7.5%
1Y
-4.3%

74SW: Higher 2028 Margin Ambitions And Cash Conversion Will Support Future Upside

Analysts have maintained their €41.00 price target for 74Software. They cite slightly higher assumed profit margins and a modestly higher future P/E multiple, partly offset by more cautious revenue growth expectations and a higher discount rate.
LBIRD
€22.10
Lumibird
7D
3.3%
1Y
115.6%
SOP
€123.90
Sopra Steria Group
7D
-2.9%
1Y
-30.6%

SOP: Higher EUR 168 Outlook Will Support New CEO Transition

Analysts have raised the Sopra Steria Group price target to €168, an increase of €8 that they attribute to updated assumptions on growth, margins and valuation multiples, while continuing to maintain a balanced stance on the shares. Analyst Commentary Bullish Takeaways Bullish analysts see the new €168 target as consistent with updated assumptions on growth, margins and valuation multiples, which they view as better aligned with the current investment case.
VU
€108.60
Vusion
7D
-4.7%
1Y
-46.1%
ATE
€55.20
Alten
7D
-5.7%
1Y
-43.9%
ALMDG
€9.79
MGI Digital Technology Société Anonyme
7D
5.6%
1Y
-34.4%
PARRO
€10.00
Parrot
7D
23.8%
1Y
13.6%
LIN
€41.20
Linedata Services
7D
8.7%
1Y
-48.2%
ALSEM
€32.50
SEMCO Technologies Société anonyme
7D
2.3%
1Y
n/a
PROAC
€0.061
Proactis
7D
53.8%
1Y
1.7%
ATEME
€7.96
ATEME
7D
16.4%
1Y
99.0%