Narrative Update • Jul 20

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.
Has the French Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 21 Jul 2026 | €113.8b | €63.9b | €3.5b | 17.6x | 32.7x | 1.8x |
| Thu, 18 Jun 2026 | €125.3b | €64.0b | €3.5b | 17.2x | 35.9x | 2x |
| Sat, 16 May 2026 | €118.0b | €63.9b | €3.7b | 17.2x | 32x | 1.8x |
| Mon, 13 Apr 2026 | €91.9b | €63.5b | €3.7b | 17.5x | 25.1x | 1.4x |
| Wed, 11 Mar 2026 | €89.6b | €63.5b | €3.7b | 19.2x | 23.9x | 1.4x |
| Fri, 06 Feb 2026 | €94.8b | €62.6b | €3.6b | 20.4x | 26.3x | 1.5x |
| Sun, 04 Jan 2026 | €101.5b | €63.5b | €4.0b | 21.4x | 25.6x | 1.6x |
| Tue, 02 Dec 2025 | €97.1b | €63.6b | €4.0b | 20.7x | 24.5x | 1.5x |
| Thu, 30 Oct 2025 | €99.8b | €63.6b | €4.1b | 19.9x | 24.5x | 1.6x |
| Sat, 27 Sep 2025 | €104.7b | €63.4b | €4.1b | 18.1x | 25.4x | 1.7x |
| Mon, 25 Aug 2025 | €105.1b | €63.3b | €4.2b | 16.5x | 25x | 1.7x |
| Wed, 23 Jul 2025 | €119.3b | €73.1b | €5.1b | 16.9x | 23.5x | 1.6x |
| Fri, 20 Jun 2025 | €117.0b | €73.3b | €5.1b | 16.1x | 23x | 1.6x |
| Sun, 18 May 2025 | €118.3b | €73.6b | €5.1b | 15.7x | 23.1x | 1.6x |
| Tue, 15 Apr 2025 | €108.8b | €75.2b | €5.5b | 15x | 19.9x | 1.4x |
| Thu, 13 Mar 2025 | €126.4b | €67.7b | €5.3b | 17.7x | 23.8x | 1.9x |
| Sat, 08 Feb 2025 | €131.9b | €68.6b | €5.4b | 16.4x | 24.6x | 1.9x |
| Mon, 06 Jan 2025 | €122.3b | €69.7b | €5.8b | 16.8x | 20.9x | 1.8x |
| Wed, 04 Dec 2024 | €121.3b | €69.5b | €5.8b | 16.2x | 20.9x | 1.7x |
| Fri, 01 Nov 2024 | €123.7b | €68.9b | €5.7b | 16.1x | 21.5x | 1.8x |
| Sun, 29 Sep 2024 | €140.8b | €69.6b | €6.4b | 17.7x | 22.1x | 2x |
| Tue, 27 Aug 2024 | €133.1b | €69.7b | €6.5b | 18.6x | 20.4x | 1.9x |
| Thu, 25 Jul 2024 | €143.1b | €71.2b | €7.1b | 19.5x | 20.2x | 2x |
| Sat, 22 Jun 2024 | €142.8b | €71.4b | €7.1b | 18.9x | 20x | 2x |
| Mon, 20 May 2024 | €153.8b | €71.0b | €7.1b | 22.1x | 21.5x | 2.2x |
| Wed, 17 Apr 2024 | €153.3b | €73.5b | €7.4b | 20.6x | 20.6x | 2.1x |
| Fri, 15 Mar 2024 | €166.1b | €85.0b | €6.0b | 20.8x | 27.9x | 2x |
| Sun, 11 Feb 2024 | €168.0b | €88.0b | €6.3b | 20.9x | 26.7x | 1.9x |
| Tue, 09 Jan 2024 | €162.9b | €88.9b | €6.8b | 22.1x | 24.1x | 1.8x |
| Thu, 07 Dec 2023 | €167.7b | €89.2b | €6.8b | 20.4x | 24.5x | 1.9x |
| Sat, 04 Nov 2023 | €151.3b | €89.3b | €6.9b | 20.2x | 22x | 1.7x |
| Mon, 02 Oct 2023 | €147.7b | €89.3b | €6.9b | 19.1x | 21.4x | 1.7x |
| Wed, 30 Aug 2023 | €155.2b | €88.2b | €6.8b | 21.1x | 22.7x | 1.8x |
| Fri, 28 Jul 2023 | €160.4b | €86.3b | €6.7b | 21.7x | 23.8x | 1.9x |
23.8x
Which industries have driven the changes within the French Tech sector?
| FR Market | -0.37% | |
| Tech | -6.12% | |
| IT | 0.29% | |
| Tech Hardware | -1.16% | |
| Communications | -1.46% | |
| Software | -2.29% | |
| Electronic Equipment and Components | -6.39% | |
| Semiconductors | -10.87% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| LSS Lectra | €18.28 | 8.7% +€55.5m | -23.5% | PE34.9x | |
| SOP Sopra Steria Group | €149.60 | 1.6% +€42.7m | -23.8% | PE9.4x | |
| OVH OVH Groupe | €15.25 | 1.7% +€37.6m | 38.6% | PS2.1x | |
| LBIRD Lumibird | €28.10 | 4.9% +€28.7m | 51.1% | PE44.3x | |
| QDT Quadient | €12.76 | 6.7% +€27.1m | -18.5% | PS0.4x |