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

French (CAC) IT Industry Analysis

UpdatedJan 12, 2026
DataAggregated Company Financials
Companies21
  • 7D4.4%
  • 3M23.3%
  • 1Y-1.0%
  • YTD6.0%

Over the last 7 days, the IT industry has risen 6.0%, driven by gains from Capgemini of 7.2%. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are expected to grow by 9.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 12 Jan 2026€35.7b€37.1b€2.2b16.7x16.1x1x
Wed, 10 Dec 2025€34.7b€37.1b€2.2b16x15.7x0.9x
Fri, 07 Nov 2025€30.2b€37.1b€2.2b15.7x13.7x0.8x
Sun, 05 Oct 2025€30.6b€37.1b€2.2b16.1x13.9x0.8x
Tue, 02 Sep 2025€29.9b€37.1b€2.3b15.3x13.2x0.8x
Thu, 31 Jul 2025€33.7b€46.7b€2.6b14.2x12.9x0.7x
Sat, 28 Jun 2025€36.5b€46.8b€2.6b15.2x13.8x0.8x
Mon, 26 May 2025€36.2b€46.7b€2.6b14.9x13.7x0.8x
Wed, 23 Apr 2025€32.7b€46.7b€2.6b14.6x12.6x0.7x
Fri, 21 Mar 2025€39.8b€49.2b€2.6b17.7x15.2x0.8x
Sun, 16 Feb 2025€45.6b€40.0b€2.3b17.2x19.4x1.1x
Tue, 14 Jan 2025€39.6b€40.0b€2.3b16.4x16.9x1x
Thu, 12 Dec 2024€41.8b€40.3b€2.3b17x17.8x1x
Sat, 09 Nov 2024€42.4b€39.9b€2.3b16.7x18.3x1.1x
Mon, 07 Oct 2024€47.7b€39.8b€2.3b17.9x20.7x1.2x
Wed, 04 Sep 2024€46.7b€40.1b€2.3b18x20.2x1.2x
Fri, 02 Aug 2024€45.6b€40.0b€2.3b17.6x19.7x1.1x
Sun, 30 Jun 2024€46.3b€40.1b€2.2b19.8x20.6x1.2x
Tue, 28 May 2024€53.7b€40.0b€2.2b23.2x23.9x1.3x
Thu, 25 Apr 2024€52.1b€39.7b€2.3b21.8x22.8x1.3x
Sat, 23 Mar 2024€54.8b€50.9b€1.1b21.3x47.9x1.1x
Mon, 19 Feb 2024€57.0b€53.6b€1.5b18x38.5x1.1x
Wed, 17 Jan 2024€52.0b€54.3b€1.5b19.1x34.3x1x
Fri, 15 Dec 2023€52.4b€54.4b€1.5b18.1x34.5x1x
Sun, 12 Nov 2023€46.4b€54.3b€1.5b16.5x30.7x0.9x
Tue, 10 Oct 2023€45.1b€54.3b€1.5b16.6x29.4x0.8x
Thu, 07 Sep 2023€48.5b€53.9b€1.6b17.5x31.2x0.9x
Sat, 05 Aug 2023€47.2b€53.9b€1.6b17.3x28.6x0.9x
Mon, 03 Jul 2023€49.7b€52.6b€1.6b19.4x31.2x0.9x
Wed, 31 May 2023€46.0b€52.4b€1.5b18x30.5x0.9x
Fri, 28 Apr 2023€47.8b€52.4b€1.5b18.1x31.7x0.9x
Sun, 26 Mar 2023€48.7b€52.3b€1.6b16.8x31.2x0.9x
Tue, 21 Feb 2023€64.9b€52.9b-€990,618,094.0020.1x-65.5x1.2x
Thu, 19 Jan 2023€61.8b€52.9b-€990,706,657.0019.1x-62.4x1.2x
Price to Earnings Ratio

-62.4x


Total Market Cap: €61.8bTotal Earnings: -€990,706,657.00Total Revenue: €52.9bTotal Market Cap vs Earnings and Revenue0%0%0%
French IT Industry Price to Earnings3Y Average 19x202420252026
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 16.1x which is lower than its 3-year average PE of 18.9x.
  • 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 Market2.18%
Tech3.25%
IT4.44%
IT Consulting4.45%
Internet Services and Infrastructure0.43%
Data Processing Services-1.45%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 19.0x.
    • 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
CAP Capgemini€150.854.9%
+€1.2b		-3.3%PE16.3x
SOP Sopra Steria Group€156.404.1%
+€117.2m		-3.8%PE10.7x
WAVE Wavestone€57.908.4%
+€110.5m		41.0%PE18.1x
ATE Alten€75.002.5%
+€62.8m		-3.2%PE17.3x
ATO Atos€53.396.2%
+€60.8m		142.7%PE0.7x

Latest News

OVH
€7.86
OVH Groupe
7D
4.2%
1Y
2.5%

OVH: New Leadership And AI Cloud Expansion Will Support Future Upside

Analysts have trimmed their fair value estimate for OVH Groupe from €9.06 to €8.81, citing slightly softer assumptions on revenue growth, profit margins and future P/E, alongside the application of a marginally lower discount rate. What's in the News OVHcloud signed a cloud hosting agreement with LCH SA, aiming to support LCH SA's operational resilience, security, scalability, and faster deployment, including migration of some services to a SecNumCloud qualified environment that complies with applicable regulations for the clearing house's activities (Key Developments).
ATE
€75.00
Alten
7D
2.5%
1Y
-3.2%

Estimating The Fair Value Of Alten S.A. (EPA:ATE)

Jan 09
Estimating The Fair Value Of Alten S.A. (EPA:ATE)
CAP
€150.85
Capgemini
7D
4.9%
1Y
-3.3%

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.
SOP
€156.40
Sopra Steria Group
7D
4.1%
1Y
-3.8%

SOP: Buy Rating Will Rely On Modestly Higher Multiple And Leadership Transition

Analysts have trimmed their price target on Sopra Steria Group to €209 from €214, reflecting updated assumptions around discount rate, profit margin and P/E. These changes leave the modelled fair value unchanged at €197.60.
ATO
€53.39
Atos
7D
6.2%
1Y
142.7%

ATO: AI And Data Initiatives Will Mask Weakening Revenue Outlook

Analysts have increased their fair value estimate for Atos from €43.00 to €46.50, citing updated assumptions around revenue trends, profit margins, and forward P/E multiples. What's in the News Atos is participating in the Forensics of Intelligent Systems research project with several German academic and research institutions, focusing on tools to detect and investigate manipulation of AI systems and aligning with its focus on trustworthy AI and European data sovereignty (Key Developments).
WAVE
€57.90
Wavestone
7D
8.4%
1Y
41.0%
AUB
€58.00
Aubay Société Anonyme
7D
3.2%
1Y
30.8%

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
€14.80
HITECHPROS Société anonyme
7D
-4.5%
1Y
-3.3%
NRO
€42.70
Neurones
7D
1.7%
1Y
-2.1%

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
FPG
€0.12
Union Technologies Informatique Group
7D
-6.9%
1Y
-43.2%

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
ALKEY
€7.64
Keyrus
7D
-3.3%
1Y
0.3%
MLLOI
€12.60
Locasystem International
7D
-6.0%
1Y
1.6%
ALWIT
€1.42
Witbe
7D
-0.4%
1Y
-50.2%
MLACT
€1.36
Activium Group SAS
7D
-2.2%
1Y
10.6%