Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

French (CAC) IT Industry Analysis

UpdatedFeb 28, 2026
DataAggregated Company Financials
Companies20
  • 7D2.8%
  • 3M-16.6%
  • 1Y-25.0%
  • YTD-20.8%

In the last week, the IT industry is up 1.5%, with Capgemini up 2.3%. In the past year, the industry is down 27%. Earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Feb 2026€26.5b€36.8b€2.2b14.4x12.1x0.7x
Mon, 26 Jan 2026€33.0b€37.1b€2.2b15.8x14.9x0.9x
Wed, 24 Dec 2025€34.0b€37.1b€2.2b15.9x15.4x0.9x
Fri, 21 Nov 2025€30.5b€37.1b€2.2b14.4x13.8x0.8x
Sun, 19 Oct 2025€29.6b€37.1b€2.2b15.6x13.4x0.8x
Tue, 16 Sep 2025€29.9b€37.1b€2.3b14.6x13.3x0.8x
Thu, 14 Aug 2025€31.2b€37.1b€2.3b15.6x13.8x0.8x
Sat, 12 Jul 2025€36.6b€46.8b€2.6b15.6x13.8x0.8x
Mon, 09 Jun 2025€37.2b€46.8b€2.6b15.3x14.1x0.8x
Wed, 07 May 2025€35.6b€46.7b€2.6b14.6x13.5x0.8x
Fri, 04 Apr 2025€35.6b€47.7b€2.6b14.8x13.8x0.7x
Sun, 02 Mar 2025€38.6b€39.6b€2.4b16.3x16.3x1x
Tue, 28 Jan 2025€42.0b€40.0b€2.3b16.4x17.9x1x
Thu, 26 Dec 2024€40.1b€40.0b€2.3b16.2x17.1x1x
Sat, 23 Nov 2024€40.9b€40.1b€2.3b17.1x17.5x1x
Mon, 21 Oct 2024€46.7b€39.7b€2.3b17.4x20.2x1.2x
Wed, 18 Sep 2024€47.9b€39.8b€2.3b19.5x20.8x1.2x
Fri, 16 Aug 2024€45.5b€40.0b€2.3b17.6x19.7x1.1x
Sun, 14 Jul 2024€48.5b€40.1b€2.2b20.3x21.6x1.2x
Tue, 11 Jun 2024€50.2b€40.1b€2.2b22.8x22.3x1.3x
Thu, 09 May 2024€51.9b€40.0b€2.2b23x23.1x1.3x
Sat, 06 Apr 2024€54.4b€39.7b€2.3b22.2x23.9x1.4x
Mon, 04 Mar 2024€57.9b€51.9b€1.2b21.5x47.5x1.1x
Wed, 31 Jan 2024€56.0b€54.3b€1.5b19.5x37x1x
Fri, 29 Dec 2023€51.9b€54.4b€1.5b18.2x34.2x1x
Sun, 26 Nov 2023€49.1b€54.3b€1.5b17.1x32.5x0.9x
Tue, 24 Oct 2023€44.0b€54.3b€1.5b16.5x28.7x0.8x
Thu, 21 Sep 2023€47.4b€54.0b€1.6b17.2x30.4x0.9x
Sat, 19 Aug 2023€46.3b€53.9b€1.6b17.3x28.1x0.9x
Mon, 17 Jul 2023€50.4b€52.6b€1.6b19.5x31.5x1x
Wed, 14 Jun 2023€50.5b€52.5b€1.6b19x32.1x1x
Fri, 12 May 2023€47.7b€52.4b€1.5b17.8x31.7x0.9x
Sun, 09 Apr 2023€49.1b€52.3b€1.5b16.4x32x0.9x
Tue, 07 Mar 2023€64.4b€56.6b€1.8b19.2x36.6x1.1x
Price to Earnings Ratio

36.6x


Total Market Cap: €64.4bTotal Earnings: €1.8bTotal Revenue: €56.6bTotal Market Cap vs Earnings and Revenue0%0%0%
French IT Industry Price to Earnings3Y Average 22.4x202420252026
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 11.9x which is lower than its 3-year average PE of 22.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.97x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 7.5% per year over the last three years.
  • Meanwhile revenues for these companies have declined 13% 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 industry?

FR Market0.19%
Tech2.79%
IT2.83%
IT Consulting2.83%
Internet Services and Infrastructure-0.42%
Data Processing Services-0.99%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 21.5x.
    • Analysts are expecting annual earnings growth of 10.0%, which is higher than its past year's earnings decline of 4.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 21% over the next 5 years.
  • However this is lower than its past earnings growth rate of 40% per year.
  • In contrast, the Data Processing Services industry is expected to see its earnings grow by 8.4% 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€106.952.3%
+€412.9m		-28.3%PE11.3x
SOP Sopra Steria Group€131.208.2%
+€190.2m		-13.9%PE8.9x
ATE Alten€63.556.5%
+€136.0m		-27.5%PE20.7x
OVH OVH Groupe€9.272.6%
+€35.3m		27.3%PE3485.5x
WAVE Wavestone€48.352.0%
+€23.3m		-0.7%PE15.1x

Latest News

SOP
€131.20
Sopra Steria Group
7D
8.2%
1Y
-13.9%
CAP
€106.95
Capgemini
7D
2.3%
1Y
-28.3%

CAP: Sovereign Cloud And Cybersecurity Contracts Will Anchor Future Re Rating Potential

Analysts have trimmed the Capgemini price target in this update, bringing it more in line with recent sector calls that cluster around €117 and reflect a slightly higher discount rate, modestly adjusted revenue growth and margin expectations, as well as a lower assumed future P/E multiple. Analyst Commentary Recent research shows a clear reset in expectations around Capgemini, with price targets converging toward about €117 and ratings clustering around Neutral or Hold.
ATE
€63.55
Alten
7D
6.5%
1Y
-27.5%
OVH
€9.27
OVH Groupe
7D
2.6%
1Y
27.3%

OVH: AI Infrastructure And Sovereign Cloud Agreements Will Support Measured Long Term Upside

Analysts have adjusted their price target for OVH Groupe to €8.64. The latest update reflects revised assumptions for discount rate, revenue growth, profit margin and future P/E, and they highlight these valuation inputs as the main drivers of their updated view.
ATO
€40.19
Atos
7D
0.7%
1Y
25.6%

ATO: AI Alliances And Agentic Solutions Will Support Future Upside

Analysts have raised their price target on Atos from €46.50 to €51.40. The change reflects updated assumptions that include softer revenue growth, a slightly lower profit margin outlook, and a marginally lower future P/E multiple.
WAVE
€48.35
Wavestone
7D
2.0%
1Y
-0.7%
AUB
€45.50
Aubay Société Anonyme
7D
-2.8%
1Y
1.1%
INF
€36.20
Infotel
7D
0.6%
1Y
-6.5%
ALWIT
€1.61
Witbe
7D
14.6%
1Y
-16.1%
ALKEY
€7.30
Keyrus
7D
-4.7%
1Y
-3.4%
SWP
€31.30
Sword Group
7D
-0.9%
1Y
-5.7%
S30
€0.88
Solutions 30
7D
-3.4%
1Y
-36.2%
ALHIT
€12.90
HITECHPROS Société anonyme
7D
-5.8%
1Y
-17.3%
NRO
€35.00
Neurones
7D
-0.6%
1Y
-30.1%

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
MLCHE
€57.50
Cheops Technology France Société anonyme
7D
-0.9%
1Y
-6.5%
ALNXT
€0.40
Nextedia
7D
-5.6%
1Y
-7.8%