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French (CAC) Tech Sector Analysis

UpdatedDec 30, 2025
DataAggregated Company Financials
Companies94
  • 7D-0.2%
  • 3M-5.5%
  • 1Y-14.8%
  • YTD-15.1%

Over the last 7 days, the Tech industry has remained flat, although notably OVH Groupe gained 5.8%. As for the longer term, the industry has declined 16% in the last year. 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
Tue, 30 Dec 2025€100.8b€63.4b€4.0b21x25.4x1.6x
Thu, 27 Nov 2025€96.3b€63.6b€4.0b20.6x24.3x1.5x
Sat, 25 Oct 2025€101.0b€63.3b€4.0b20.1x25.1x1.6x
Mon, 22 Sep 2025€105.2b€63.5b€4.2b16.2x25.1x1.7x
Wed, 20 Aug 2025€103.9b€63.3b€4.2b16.5x24.7x1.6x
Fri, 18 Jul 2025€120.8b€73.2b€5.1b17.1x23.8x1.6x
Sun, 15 Jun 2025€119.4b€73.3b€5.1b16.4x23.5x1.6x
Tue, 13 May 2025€119.0b€73.7b€5.1b16.9x23.3x1.6x
Thu, 10 Apr 2025€104.0b€75.7b€5.5b14.4x18.8x1.4x
Sat, 08 Mar 2025€130.0b€67.7b€5.3b16.6x24.4x1.9x
Mon, 03 Feb 2025€131.6b€68.7b€5.3b17.1x24.7x1.9x
Wed, 01 Jan 2025€125.0b€69.5b€5.8b16.8x21.5x1.8x
Fri, 29 Nov 2024€121.3b€69.4b€5.8b15.8x20.9x1.7x
Sun, 27 Oct 2024€126.3b€70.1b€6.4b15.9x19.6x1.8x
Tue, 24 Sep 2024€134.5b€69.6b€6.4b18.2x21.1x1.9x
Thu, 22 Aug 2024€133.0b€69.7b€6.5b16.9x20.4x1.9x
Sat, 20 Jul 2024€143.4b€71.1b€7.1b19.6x20.2x2x
Mon, 17 Jun 2024€145.0b€71.4b€7.1b19.3x20.3x2x
Wed, 15 May 2024€154.2b€73.2b€6.9b22x22.4x2.1x
Fri, 12 Apr 2024€156.1b€73.3b€7.4b22.2x21.1x2.1x
Sun, 10 Mar 2024€168.5b€85.9b€6.0b21.2x28x2x
Tue, 06 Feb 2024€162.8b€88.1b€6.3b20.8x25.8x1.8x
Thu, 04 Jan 2024€165.3b€89.0b€6.8b22x24.3x1.9x
Sat, 02 Dec 2023€165.5b€89.0b€6.8b20.8x24.3x1.9x
Mon, 30 Oct 2023€143.9b€89.6b€7.0b18.2x20.6x1.6x
Wed, 27 Sep 2023€144.4b€89.2b€6.9b19.3x20.9x1.6x
Fri, 25 Aug 2023€151.3b€88.2b€6.8b21.1x22.1x1.7x
Sun, 23 Jul 2023€163.3b€86.0b€6.6b20.9x24.8x1.9x
Tue, 20 Jun 2023€163.9b€86.4b€6.7b19.8x24.6x1.9x
Thu, 18 May 2023€148.3b€86.2b€6.6b19.6x22.5x1.7x
Sat, 15 Apr 2023€157.7b€85.0b€6.3b19x25x1.9x
Mon, 13 Mar 2023€169.4b€89.6b€6.4b22.6x26.6x1.9x
Wed, 08 Feb 2023€173.8b€85.8b€4.0b23x43.1x2x
Fri, 06 Jan 2023€152.5b€84.9b€3.5b22.2x43.2x1.8x
Price to Earnings Ratio

43.2x


Total Market Cap: €152.5bTotal Earnings: €3.5bTotal Revenue: €84.9bTotal Market Cap vs Earnings and Revenue0%0%0%
French Tech Sector Price to Earnings3Y Average 24.2x20242025
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 4.2% 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 Market-0.014%
Tech-0.22%
Electronic Equipment and Components1.60%
Semiconductors0.20%
Software-0.094%
Tech Hardware-0.38%
IT-0.83%
Communications-0.90%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 15.6x.
    • 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
VU VusionGroup€205.601.9%
+€63.6m		18.8%PS3x
ATO Atos€48.436.7%
+€58.6m		93.7%PE0.6x
OVH OVH Groupe€7.234.9%
+€51.1m		-16.3%PE2718.5x
74SW 74Software€41.304.3%
+€49.8m		51.8%PE28.7x
PLNW Planisware SAS€23.302.9%
+€45.3m		-15.3%PE33.6x

Latest News

PLNW
€23.30
Planisware SAS
7D
2.9%
1Y
-15.3%
VU
€205.60
VusionGroup
7D
1.9%
1Y
18.8%

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

Dec 29
VusionGroup (EPA:VU) Seems To Use Debt Rather Sparingly
OVH
€7.23
OVH Groupe
7D
4.9%
1Y
-16.3%

OVH: Leadership Shift And Cloud Agreement Will Drive Resilient Upside

Analysts have slightly reduced their price target for OVH Groupe from €9.11 to €9.06, citing modestly lower long term revenue growth and profit margin expectations that are only partially offset by a higher anticipated future P/E multiple. What's in the News Signed a major cloud hosting agreement with LCH SA, migrating selected services to a SecNumCloud qualified environment to boost resilience, security, and scalability for the clearing house's global operations (Client Announcements).
XFAB
€5.15
X-FAB Silicon Foundries
7D
2.9%
1Y
3.5%

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
€154.90
Sopra Steria Group
7D
-0.3%
1Y
-7.1%

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
€23.62
Dassault Systèmes
7D
-0.5%
1Y
-28.3%

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
€48.43
Atos
7D
6.7%
1Y
93.7%
CAP
€142.50
Capgemini
7D
-1.3%
1Y
-8.2%

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
€22.15
STMicroelectronics
7D
0.09%
1Y
-7.7%
SOI
€22.95
Soitec
7D
-0.6%
1Y
-73.0%

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
€24.00
Lectra
7D
2.6%
1Y
-7.3%

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

Nov 26
Should You Investigate Lectra SA (EPA:LSS) At €23.15?
AL2SI
€11.28
2CRSI
7D
-4.6%
1Y
185.9%
74SW
€41.30
74Software
7D
4.3%
1Y
51.8%

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

Nov 12
Is 74Software (EPA:74SW) A Risky Investment?
PARRO
€7.74
Parrot
7D
-4.0%
1Y
141.9%
COH
€13.90
Coheris
7D
-5.4%
1Y
56.9%
LIN
€46.60
Linedata Services
7D
-2.3%
1Y
-44.7%