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French (CAC) Tech Sector Analysis

UpdatedJan 01, 2026
DataAggregated Company Financials
Companies93
  • 7D1.2%
  • 3M-7.1%
  • 1Y-15.7%
  • YTD-14.6%

Over the last 7 days, the Tech industry has risen 1.3%, driven by gains in Dassault Systèmes and STMicroelectronics of 1.2% and 1.7%, respectively. In the same time, Parrot was down 7.3%. However, the industry is down 16% over the past year. 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
Thu, 01 Jan 2026€101.4b€63.5b€4.0b21.5x25.6x1.6x
Sat, 29 Nov 2025€97.1b€63.6b€4.0b20.7x24.5x1.5x
Mon, 27 Oct 2025€101.0b€63.5b€4.1b20.7x24.9x1.6x
Wed, 24 Sep 2025€106.6b€63.4b€4.2b16.3x25.6x1.7x
Fri, 22 Aug 2025€103.3b€63.4b€4.2b16.3x24.6x1.6x
Sun, 20 Jul 2025€120.7b€73.2b€5.1b17x23.8x1.6x
Tue, 17 Jun 2025€120.7b€73.2b€5.1b16.4x23.7x1.6x
Thu, 15 May 2025€118.9b€73.6b€5.1b16.3x23.3x1.6x
Sat, 12 Apr 2025€106.2b€75.2b€5.5b14.5x19.4x1.4x
Mon, 10 Mar 2025€130.0b€67.8b€5.3b16.6x24.4x1.9x
Wed, 05 Feb 2025€129.9b€68.6b€5.3b17.1x24.4x1.9x
Fri, 03 Jan 2025€123.7b€69.7b€5.8b16.9x21.1x1.8x
Sun, 01 Dec 2024€121.9b€69.4b€5.8b16.3x21.1x1.8x
Tue, 29 Oct 2024€127.2b€70.1b€6.4b15.9x19.8x1.8x
Thu, 26 Sep 2024€134.8b€69.6b€6.4b18.3x21.1x1.9x
Sat, 24 Aug 2024€133.0b€69.7b€6.5b17.1x20.4x1.9x
Mon, 22 Jul 2024€143.4b€71.1b€7.1b19.6x20.2x2x
Wed, 19 Jun 2024€146.3b€71.3b€7.1b19.3x20.5x2.1x
Fri, 17 May 2024€154.3b€73.1b€6.9b21.9x22.5x2.1x
Sun, 14 Apr 2024€154.4b€73.5b€7.4b20.7x20.8x2.1x
Tue, 12 Mar 2024€168.0b€85.9b€6.0b20.8x27.9x2x
Thu, 08 Feb 2024€163.7b€88.0b€6.3b20.8x26x1.9x
Sat, 06 Jan 2024€161.5b€89.0b€6.8b22x23.8x1.8x
Mon, 04 Dec 2023€165.5b€89.0b€6.8b20.8x24.3x1.9x
Wed, 01 Nov 2023€145.4b€89.6b€7.0b18.4x20.9x1.6x
Fri, 29 Sep 2023€145.7b€89.2b€6.9b18.7x21.1x1.6x
Sun, 27 Aug 2023€150.8b€88.2b€6.8b21.1x22x1.7x
Tue, 25 Jul 2023€162.3b€86.1b€6.6b21.1x24.6x1.9x
Thu, 22 Jun 2023€160.0b€86.4b€6.7b19.4x24x1.9x
Sat, 20 May 2023€153.4b€86.3b€6.6b19.5x23.2x1.8x
Mon, 17 Apr 2023€157.7b€85.0b€6.3b19x25x1.9x
Wed, 15 Mar 2023€168.6b€89.4b€6.3b21.9x26.6x1.9x
Fri, 10 Feb 2023€174.1b€85.8b€4.0b23.1x43.2x2x
Sun, 08 Jan 2023€154.0b€84.8b€3.5b21.6x44x1.8x
Price to Earnings Ratio

44x


Total Market Cap: €154.0bTotal Earnings: €3.5bTotal Revenue: €84.8bTotal Market Cap vs Earnings and Revenue0%0%0%
French Tech Sector Price to Earnings3Y Average 24.2x202420252026
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 24.2x.
  • 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 4.2% 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 Market0.81%
Tech1.17%
Electronic Equipment and Components2.28%
Semiconductors1.66%
Software1.49%
Tech Hardware0.56%
IT0.53%
Communications-3.66%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 15.7x.
    • 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 67% 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
DSY Dassault Systèmes€23.841.2%
+€368.5m		-28.8%PE26.8x
STMPA STMicroelectronics€22.441.7%
+€324.4m		-7.6%PE43.6x
CAP Capgemini€142.250.4%
+€102.0m		-10.1%PE15.5x
VU VusionGroup€204.202.6%
+€85.4m		14.9%PS2.9x
ATO Atos€50.179.5%
+€84.7m		93.0%PE0.7x

Latest News

ATEME
€7.00
ATEME
7D
-8.4%
1Y
28.7%
LSS
€25.50
Lectra
7D
8.7%
1Y
-1.9%

With Lectra SA (EPA:LSS) It Looks Like You'll Get What You Pay For

Dec 31
With Lectra SA (EPA:LSS) It Looks Like You'll Get What You Pay For
PLNW
€23.60
Planisware SAS
7D
4.2%
1Y
-16.1%
VU
€204.20
VusionGroup
7D
2.6%
1Y
14.9%

VusionGroup (EPA:VU) Seems To Use Debt Rather Sparingly

Dec 29
VusionGroup (EPA:VU) Seems To Use Debt Rather Sparingly
ATE
€72.45
Alten
7D
1.6%
1Y
-8.3%

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.
DSY
€23.84
Dassault Systèmes
7D
1.2%
1Y
-28.8%

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
€50.17
Atos
7D
9.5%
1Y
93.0%
CAP
€142.25
Capgemini
7D
0.4%
1Y
-10.1%

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
€22.44
STMicroelectronics
7D
1.7%
1Y
-7.6%
ALGID
€0.99
Egide
7D
-15.2%
1Y
124.4%

What Egide S.A.'s (EPA:ALGID) 45% Share Price Gain Is Not Telling You

Dec 13
What Egide S.A.'s (EPA:ALGID) 45% Share Price Gain Is Not Telling You
ALKEY
€7.88
Keyrus
7D
-4.1%
1Y
1.0%
AL2SI
€11.46
2CRSI
7D
-0.9%
1Y
189.4%
MLCHE
€56.50
Cheops Technology France Société anonyme
7D
-7.4%
1Y
-11.0%
PARRO
€7.40
Parrot
7D
-7.3%
1Y
160.6%
COH
€14.35
Coheris
7D
-2.0%
1Y
73.3%
LIN
€45.80
Linedata Services
7D
-3.0%
1Y
-46.5%