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French (CAC) IT Industry Analysis

UpdatedFeb 16, 2026
DataAggregated Company Financials
Companies20
  • 7D-8.1%
  • 3M-13.8%
  • 1Y-38.2%
  • YTD-22.1%

Over the last 7 days, the IT industry has dropped 9.0%, driven by Capgemini declining 9.1%. The industry has fallen 38% in the last year. Earnings are forecast to grow by 9.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 16 Feb 2026€26.1b€36.8b€2.2b14.8x11.7x0.7x
Wed, 14 Jan 2026€35.2b€37.1b€2.2b16.5x15.9x0.9x
Fri, 12 Dec 2025€35.6b€37.1b€2.2b16.4x16.1x1x
Sun, 09 Nov 2025€29.9b€37.1b€2.2b15.6x13.6x0.8x
Tue, 07 Oct 2025€30.5b€37.1b€2.2b15.8x13.9x0.8x
Thu, 04 Sep 2025€29.8b€37.1b€2.3b14.5x13.2x0.8x
Sat, 02 Aug 2025€32.0b€46.7b€2.5b15.2x12.8x0.7x
Mon, 30 Jun 2025€36.5b€46.8b€2.6b15.2x13.8x0.8x
Wed, 28 May 2025€36.7b€46.7b€2.6b15x13.9x0.8x
Fri, 25 Apr 2025€33.5b€46.7b€2.6b14.4x12.9x0.7x
Sun, 23 Mar 2025€37.9b€47.7b€2.6b16.2x14.7x0.8x
Tue, 18 Feb 2025€45.6b€40.0b€2.3b17x19.4x1.1x
Thu, 16 Jan 2025€39.8b€40.0b€2.3b16.2x17x1x
Sat, 14 Dec 2024€40.1b€40.0b€2.3b16.7x17.1x1x
Mon, 11 Nov 2024€42.4b€39.9b€2.3b16.7x18.3x1.1x
Wed, 09 Oct 2024€46.5b€39.8b€2.3b17.7x20.1x1.2x
Fri, 06 Sep 2024€45.9b€40.1b€2.3b17.8x19.9x1.1x
Sun, 04 Aug 2024€45.1b€40.0b€2.3b17.6x19.5x1.1x
Tue, 02 Jul 2024€47.5b€40.1b€2.2b19.9x21.2x1.2x
Thu, 30 May 2024€51.3b€40.0b€2.2b23.1x22.9x1.3x
Sat, 27 Apr 2024€50.9b€39.9b€2.2b22x22.7x1.3x
Mon, 25 Mar 2024€54.8b€50.9b€1.1b21.3x48.2x1.1x
Wed, 21 Feb 2024€56.4b€53.6b€1.5b19.5x38.1x1.1x
Fri, 19 Jan 2024€52.9b€54.3b€1.5b19.4x34.9x1x
Sun, 17 Dec 2023€53.1b€54.4b€1.5b18.4x35x1x
Tue, 14 Nov 2023€46.5b€54.3b€1.5b16.4x30.7x0.9x
Thu, 12 Oct 2023€46.3b€54.3b€1.5b16.9x30.2x0.9x
Sat, 09 Sep 2023€48.3b€54.0b€1.6b17.7x31x0.9x
Mon, 07 Aug 2023€47.2b€53.9b€1.6b17.3x28.6x0.9x
Wed, 05 Jul 2023€50.2b€52.6b€1.6b19.3x31.4x1x
Fri, 02 Jun 2023€48.9b€52.4b€1.6b18.4x30.9x0.9x
Sun, 30 Apr 2023€48.5b€52.4b€1.5b18.3x32.2x0.9x
Tue, 28 Mar 2023€48.4b€52.3b€1.6b16.8x31x0.9x
Thu, 23 Feb 2023€62.6b€55.1b-€804,618,094.0019.6x-77.8x1.1x
Price to Earnings Ratio

-77.8x


Total Market Cap: €62.6bTotal Earnings: -€804,618,094.00Total Revenue: €55.1bTotal Market Cap vs Earnings and Revenue0%0%0%
French IT Industry Price to Earnings3Y Average 21.4x202420252026
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 11.7x which is lower than its 3-year average PE of 21.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.97x.
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 13% 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-0.29%
Tech-5.77%
IT-8.07%
Internet Services and Infrastructure3.39%
Data Processing Services-0.42%
IT Consulting-8.08%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 20.9x.
    • Analysts are expecting annual earnings growth of 9.5%, 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 20% 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 9.5% 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
MLCHE Cheops Technology France Société anonyme€58.000.9%
+€1.2m		-8.7%n/a
ALHIT HITECHPROS Société anonyme€14.803.5%
+€821.7k		-11.4%PE13.8x
MLLOI Locasystem International€13.0013.0%
+€566.9k		-3.0%PS21.1x
ALNXT Nextedia€0.402.6%
+€390.1k		-17.4%PE9.9x
MLACT Activium Group SAS€1.759.4%
+€371.5k		18.2%n/a

Latest News

CAP
€104.85
Capgemini
7D
-7.8%
1Y
-43.5%
OVH
€9.23
OVH Groupe
7D
-2.0%
1Y
15.3%
WAVE
€47.30
Wavestone
7D
-8.7%
1Y
-4.7%
ATE
€63.80
Alten
7D
-10.3%
1Y
-30.3%
SOP
€124.70
Sopra Steria Group
7D
-8.2%
1Y
-32.1%

SOP: Raised EUR 168 Fair Value Will Support Leadership Transition Execution

Narrative Update Analysts have raised their price target for Sopra Steria Group by €8 to €168, citing updated fair value assumptions, slightly revised discount and growth inputs, and recent Street research supporting the new level. Analyst Commentary Recent research moves around Sopra Steria Group center on the new €168 price target and what it implies for execution and valuation, rather than a clear shift in stance on the shares.
ATO
€44.50
Atos
7D
-10.0%
1Y
53.4%

ATO: Future AI Contracts And Guidance Will Not Justify Current Optimism

Analysts have revised their fair value estimate for Atos from €20.60 to €45.00, citing updated assumptions on the discount rate, revenue trajectory, profit margin, and future P/E as key drivers behind the new target. What's in the News Atos issued earnings guidance for the fourth quarter of 2025, with group revenue estimated at €2,004 million and full year 2025 revenue estimated at €8,001 million, or €8,030 million at September 30, 2025 currency, described as in line with a previously communicated target of above €8b (Corporate guidance).
AUB
€49.15
Aubay Société Anonyme
7D
-8.6%
1Y
9.2%
ALWIT
€1.44
Witbe
7D
5.5%
1Y
-29.4%
ALHIT
€14.80
HITECHPROS Société anonyme
7D
3.5%
1Y
-11.4%
NRO
€35.90
Neurones
7D
-8.9%
1Y
-24.7%

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
1.2%
1Y
-43.9%

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
MLLOI
€13.00
Locasystem International
7D
13.0%
1Y
-3.0%
MLCHE
€58.00
Cheops Technology France Société anonyme
7D
0.9%
1Y
-8.7%
ALNXT
€0.40
Nextedia
7D
2.6%
1Y
-17.4%
MLACT
€1.75
Activium Group SAS
7D
9.4%
1Y
18.2%