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French (CAC) IT Industry Analysis

UpdatedDec 31, 2025
DataAggregated Company Financials
Companies21
  • 7D1.3%
  • 3M12.6%
  • 1Y-6.8%
  • YTD-6.1%

The IT industry is up 1.3% in the last week, with Capgemini up 1.2%. In the past year, the industry is down 6.8%. Earnings are forecast to grow by 9.6% annually.

Industry Valuation and Performance

Has the French IT Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 01 Jan 2026€34.4b€37.1b€2.2b16x15.5x0.9x
Sat, 29 Nov 2025€32.2b€37.1b€2.2b15.1x14.5x0.9x
Mon, 27 Oct 2025€31.1b€37.2b€2.2b16.9x14.1x0.8x
Wed, 24 Sep 2025€30.6b€37.1b€2.2b15.3x13.7x0.8x
Fri, 22 Aug 2025€31.3b€37.1b€2.3b15.4x13.9x0.8x
Sun, 20 Jul 2025€35.2b€46.8b€2.6b14.4x13.3x0.8x
Tue, 17 Jun 2025€37.7b€46.8b€2.6b15.4x14.3x0.8x
Thu, 15 May 2025€37.4b€46.7b€2.6b14.7x14.2x0.8x
Sat, 12 Apr 2025€33.6b€47.7b€2.6b13.9x13x0.7x
Mon, 10 Mar 2025€40.3b€39.6b€2.4b16.6x17x1x
Wed, 05 Feb 2025€43.3b€40.0b€2.3b17.1x18.4x1.1x
Fri, 03 Jan 2025€40.4b€40.0b€2.3b17x17.2x1x
Sun, 01 Dec 2024€40.4b€40.1b€2.3b16.9x17.2x1x
Tue, 29 Oct 2024€45.0b€39.9b€2.3b17.6x19.4x1.1x
Thu, 26 Sep 2024€47.7b€39.9b€2.3b19.2x20.6x1.2x
Sat, 24 Aug 2024€46.0b€40.0b€2.3b17.8x19.9x1.1x
Mon, 22 Jul 2024€48.2b€40.1b€2.2b19.6x21.5x1.2x
Wed, 19 Jun 2024€46.8b€40.1b€2.2b21.3x20.8x1.2x
Fri, 17 May 2024€52.4b€40.0b€2.2b22.5x23.3x1.3x
Sun, 14 Apr 2024€53.2b€39.7b€2.3b22.1x23.4x1.3x
Tue, 12 Mar 2024€57.5b€52.0b€1.2b20.8x46.7x1.1x
Thu, 08 Feb 2024€54.5b€53.8b€1.5b17.5x36.2x1x
Sat, 06 Jan 2024€50.3b€54.3b€1.5b18.1x33.2x0.9x
Mon, 04 Dec 2023€50.1b€54.3b€1.5b17.9x33.1x0.9x
Wed, 01 Nov 2023€44.5b€54.3b€1.5b16.5x29.4x0.8x
Fri, 29 Sep 2023€45.9b€54.3b€1.5b16.8x30x0.8x
Sun, 27 Aug 2023€46.5b€53.9b€1.6b17.2x28.2x0.9x
Tue, 25 Jul 2023€49.2b€52.6b€1.6b19.1x30.8x0.9x
Thu, 22 Jun 2023€49.5b€52.6b€1.6b18.9x31x0.9x
Sat, 20 May 2023€48.9b€52.4b€1.5b18.7x32.5x0.9x
Mon, 17 Apr 2023€49.1b€52.3b€1.6b16.4x31.6x0.9x
Wed, 15 Mar 2023€61.2b€56.7b€1.8b18x34.8x1.1x
Fri, 10 Feb 2023€64.9b€52.9b-€990,618,094.0020x-65.5x1.2x
Sun, 08 Jan 2023€58.3b€52.8b-€992,695,310.0018.1x-58.8x1.1x
Price to Earnings Ratio

-58.8x


Total Market Cap: €58.3bTotal Earnings: -€992,695,310.00Total Revenue: €52.8bTotal Market Cap vs Earnings and Revenue0%0%0%
French IT Industry Price to Earnings3Y Average 18.2x202420252026
Current Industry PE
  • Investors are pessimistic on the French IT industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 15.5x which is lower than its 3-year average PE of 18.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.98x.
Past Earnings Growth
  • Total earnings for the IT industry have gone up over the last three years and the industry is now profitable.
  • Revenues have declined 11% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the French Tech industry?

FR Market0.97%
Tech1.27%
IT1.25%
IT Consulting1.25%
Data Processing Services1.20%
Internet Services and Infrastructure0.80%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 18.5x.
    • Analysts are expecting annual earnings growth of 9.6%, which is higher than its past year's earnings decline of 6.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 32% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the IT Consulting 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
CAP Capgemini€142.250.4%
+€102.0m		-10.1%PE15.5x
ATO Atos€50.179.5%
+€84.7m		93.0%PE0.7x
ATE Alten€72.451.6%
+€40.1m		-8.3%PE16.8x
WAVE Wavestone€55.601.3%
+€17.2m		29.5%PE17.4x
AUB Aubay Société Anonyme€57.102.3%
+€16.7m		26.9%PE21.1x

Latest News

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.
S30
€1.02
Solutions 30
7D
6.5%
1Y
11.5%

Estimating The Intrinsic Value Of Solutions 30 SE (EPA:S30)

Dec 26
Estimating The Intrinsic Value Of Solutions 30 SE (EPA:S30)
SWP
€35.90
Sword Group
7D
1.3%
1Y
0.6%
WAVE
€55.60
Wavestone
7D
1.3%
1Y
29.5%
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.
AUB
€57.10
Aubay Société Anonyme
7D
2.3%
1Y
26.9%

Aubay Société Anonyme's (EPA:AUB) Popularity With Investors Is Under Threat From Overpricing

Dec 17
Aubay Société Anonyme's (EPA:AUB) Popularity With Investors Is Under Threat From Overpricing
NRO
€43.05
Neurones
7D
1.1%
1Y
-2.0%

These 4 Measures Indicate That Neurones (EPA:NRO) Is Using Debt Safely

Dec 03
These 4 Measures Indicate That Neurones (EPA:NRO) Is Using Debt Safely
FPG
€0.13
Union Technologies Informatique Group
7D
-1.6%
1Y
-38.1%

Union Technologies Informatique Group (EPA:FPG) Is Making Moderate Use Of Debt

Nov 28
Union Technologies Informatique Group (EPA:FPG) Is Making Moderate Use Of Debt
INF
€42.30
Infotel
7D
-0.5%
1Y
-2.1%
ALKEY
€7.88
Keyrus
7D
-4.1%
1Y
1.0%
MLCHE
€56.50
Cheops Technology France Société anonyme
7D
-7.4%
1Y
-11.0%
ALNXT
€0.40
Nextedia
7D
-3.8%
1Y
-7.8%
ALWIT
€1.44
Witbe
7D
-0.3%
1Y
-44.6%