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French (CAC) IT Industry Analysis

UpdatedJan 25, 2026
DataAggregated Company Financials
Companies21
  • 7D-3.2%
  • 3M6.8%
  • 1Y-13.8%
  • YTD-1.9%

Over the last 7 days, the IT industry has dropped 3.2%, driven by a pullback from Capgemini of 3.7%. In contrast, OVH Groupe has gained 11%. Overall the industry is down 14% in 12 months. As for the next few years, earnings are expected to grow by 9.2% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 25 Jan 2026€33.0b€37.1b€2.2b15.8x14.9x0.9x
Tue, 23 Dec 2025€34.6b€37.1b€2.2b15.9x15.6x0.9x
Thu, 20 Nov 2025€30.6b€37.1b€2.2b14.4x13.8x0.8x
Sat, 18 Oct 2025€29.6b€37.1b€2.2b15.6x13.4x0.8x
Mon, 15 Sep 2025€30.5b€37.1b€2.3b14.5x13.5x0.8x
Wed, 13 Aug 2025€30.9b€37.1b€2.3b15.5x13.7x0.8x
Fri, 11 Jul 2025€36.6b€46.8b€2.6b15.6x13.8x0.8x
Sun, 08 Jun 2025€37.2b€46.8b€2.6b15.3x14.1x0.8x
Tue, 06 May 2025€35.3b€46.7b€2.6b14.3x13.4x0.8x
Thu, 03 Apr 2025€36.6b€47.7b€2.6b16.5x14.2x0.8x
Sat, 01 Mar 2025€39.0b€39.6b€2.4b16.3x16.5x1x
Mon, 27 Jan 2025€42.0b€40.0b€2.3b16.5x17.9x1x
Wed, 25 Dec 2024€40.1b€40.0b€2.3b16.2x17.1x1x
Fri, 22 Nov 2024€40.6b€40.1b€2.3b17x17.3x1x
Sun, 20 Oct 2024€46.7b€39.7b€2.3b17.4x20.2x1.2x
Tue, 17 Sep 2024€47.5b€39.8b€2.3b19.3x20.7x1.2x
Thu, 15 Aug 2024€44.7b€40.0b€2.3b17.5x19.3x1.1x
Sat, 13 Jul 2024€48.5b€40.1b€2.2b20.3x21.6x1.2x
Mon, 10 Jun 2024€50.2b€40.1b€2.2b22.8x22.3x1.3x
Wed, 08 May 2024€51.6b€40.0b€2.2b22.7x23x1.3x
Fri, 05 Apr 2024€54.2b€39.7b€2.3b22.1x23.8x1.4x
Sun, 03 Mar 2024€57.9b€51.9b€1.2b21.5x47.5x1.1x
Tue, 30 Jan 2024€55.7b€54.3b€1.5b19.5x36.7x1x
Thu, 28 Dec 2023€52.3b€54.4b€1.5b18.4x34.4x1x
Sat, 25 Nov 2023€49.1b€54.3b€1.5b17.1x32.5x0.9x
Mon, 23 Oct 2023€43.8b€54.3b€1.5b16.2x28.6x0.8x
Wed, 20 Sep 2023€46.9b€54.0b€1.6b16.9x30x0.9x
Fri, 18 Aug 2023€46.0b€53.9b€1.6b17.3x27.9x0.9x
Sun, 16 Jul 2023€50.4b€52.6b€1.6b19.5x31.5x1x
Tue, 13 Jun 2023€50.0b€52.6b€1.6b19x31.3x1x
Thu, 11 May 2023€48.3b€52.4b€1.5b18.2x32.1x0.9x
Sat, 08 Apr 2023€49.1b€52.3b€1.5b16.4x32x0.9x
Mon, 06 Mar 2023€64.0b€56.6b€1.8b19.1x36.4x1.1x
Wed, 01 Feb 2023€61.7b€52.9b-€990,618,094.0019.2x-62.3x1.2x
Price to Earnings Ratio

-62.3x


Total Market Cap: €61.7bTotal Earnings: -€990,618,094.00Total Revenue: €52.9bTotal Market Cap vs Earnings and Revenue0%0%0%
French IT Industry Price to Earnings3Y Average 19.9x202420252026
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 14.9x which is lower than its 3-year average PE of 19.9x.
  • 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 Market-1.39%
Tech-1.45%
IT-3.15%
Data Processing Services1.98%
Internet Services and Infrastructure-2.54%
IT Consulting-3.15%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 19.7x.
    • Analysts are expecting annual earnings growth of 9.1%, 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 31% over the next 5 years.
  • However this is lower than its past earnings growth rate of 40% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 9.1% 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
OVH OVH Groupe€9.1410.7%
+€133.1m		11.4%PE3434.8x
ATO Atos€59.204.1%
+€45.3m		181.9%PE0.8x
WAVE Wavestone€61.300.8%
+€12.3m		38.7%PE19.1x
ALKEY Keyrus€8.509.5%
+€11.8m		11.5%PE9.1x
INF Infotel€40.801.5%
+€4.2m		13.3%PE18.5x

Latest News

ATO
€59.20
Atos
7D
4.1%
1Y
181.9%
SWP
€36.40
Sword Group
7D
-3.6%
1Y
3.9%
SOP
€148.00
Sopra Steria Group
7D
-3.5%
1Y
-13.3%

SOP: Buy Case Will Depend On Leadership Transition Execution

Sopra Steria Group’s fair value estimate has edged up to about €198.92, as analysts adjust price targets in a mixed way. One has moved to €168 from €160 and another to €209 from €214, while keeping broadly stable views on discount rate, revenue growth, profit margin, and future P/E assumptions.
OVH
€9.14
OVH Groupe
7D
10.7%
1Y
11.4%

Why Investors Shouldn't Be Surprised By OVH Groupe S.A.'s (EPA:OVH) 37% Share Price Surge

Jan 20
Why Investors Shouldn't Be Surprised By OVH Groupe S.A.'s (EPA:OVH) 37% Share Price Surge
WAVE
€61.30
Wavestone
7D
0.8%
1Y
38.7%
ATE
€73.20
Alten
7D
-2.0%
1Y
-9.5%

ATE: Prolonged 2025 Slowdown And Uncertain Recovery Will Restrain Longer-Term Outlook

Analysts have kept their target on Alten broadly steady at around €68.0 per share. The small shift in inputs, such as a slightly lower discount rate, a higher revenue growth assumption of 3.36%, a profit margin assumption of 6.04%, and a marginally lower future P/E of 10.83%, reflects a more balanced view of the company’s risk and earnings profile.
CAP
€136.35
Capgemini
7D
-3.7%
1Y
-18.6%

CAP: AI Partnerships And Cybersecurity Wins Will Drive Future Upside

Narrative Update: Capgemini Capgemini’s narrative update reflects a reduced Street anchor, as analysts have moved a key price target down from €186 to €165. They cite refreshed assumptions on discount rates and valuation multiples, while largely maintaining their broader constructive stance on the shares.
S30
€0.93
Solutions 30
7D
-4.4%
1Y
-4.8%
AUB
€58.50
Aubay Société Anonyme
7D
-0.7%
1Y
34.8%

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
ALHIT
€14.70
HITECHPROS Société anonyme
7D
0.7%
1Y
-5.2%
NRO
€40.05
Neurones
7D
-3.7%
1Y
-8.0%

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
INF
€40.80
Infotel
7D
1.5%
1Y
13.3%
ALKEY
€8.50
Keyrus
7D
9.5%
1Y
11.5%
MLLOI
€13.20
Locasystem International
7D
4.8%
1Y
5.6%
MLCHE
€59.00
Cheops Technology France Société anonyme
7D
-2.5%
1Y
-6.3%