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French (CAC) IT Industry Analysis

UpdatedDec 10, 2025
DataAggregated Company Financials
Companies21
  • 7D6.2%
  • 3M14.9%
  • 1Y-7.7%
  • YTD-5.4%

In the last week, the IT industry is up 6.2%, with Capgemini up 6.9%. In the same time, OVH Groupe was down 16%. In contrast, the industry has lost 7.7% in the last 12 months. As for the next few years, earnings are expected to grow by 9.6% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 11 Dec 2025€34.7b€37.1b€2.2b16x15.7x0.9x
Sat, 08 Nov 2025€29.9b€37.1b€2.2b15.6x13.6x0.8x
Mon, 06 Oct 2025€30.6b€37.1b€2.2b16.1x13.9x0.8x
Wed, 03 Sep 2025€29.2b€37.1b€2.3b14.9x12.9x0.8x
Fri, 01 Aug 2025€33.4b€46.7b€2.5b14.7x13.3x0.7x
Sun, 29 Jun 2025€36.5b€46.8b€2.6b15.2x13.8x0.8x
Tue, 27 May 2025€36.7b€46.7b€2.6b15x13.9x0.8x
Thu, 24 Apr 2025€33.6b€46.7b€2.6b15.6x13x0.7x
Sat, 22 Mar 2025€39.6b€49.2b€2.6b17.5x15.1x0.8x
Mon, 17 Feb 2025€45.6b€40.0b€2.3b17.2x19.4x1.1x
Wed, 15 Jan 2025€39.3b€40.0b€2.3b16.3x16.8x1x
Fri, 13 Dec 2024€40.2b€40.0b€2.3b16.6x17.1x1x
Sun, 10 Nov 2024€42.4b€39.9b€2.3b16.7x18.3x1.1x
Tue, 08 Oct 2024€46.6b€39.8b€2.3b17.6x20.2x1.2x
Thu, 05 Sep 2024€45.8b€40.1b€2.3b17.8x19.8x1.1x
Sat, 03 Aug 2024€45.1b€40.0b€2.3b17.6x19.5x1.1x
Mon, 01 Jul 2024€46.3b€40.1b€2.2b19.5x20.6x1.2x
Wed, 29 May 2024€52.9b€40.0b€2.2b23.1x23.6x1.3x
Fri, 26 Apr 2024€51.1b€39.9b€2.2b22.1x22.8x1.3x
Sun, 24 Mar 2024€54.8b€50.9b€1.1b21.3x48x1.1x
Tue, 20 Feb 2024€57.2b€53.6b€1.5b19.9x38.7x1.1x
Thu, 18 Jan 2024€52.0b€54.3b€1.5b18.9x34.3x1x
Sat, 16 Dec 2023€53.1b€54.4b€1.5b18.4x35x1x
Mon, 13 Nov 2023€46.4b€54.3b€1.5b16.5x30.7x0.9x
Wed, 11 Oct 2023€46.1b€54.3b€1.5b16.8x30.1x0.8x
Fri, 08 Sep 2023€47.9b€54.0b€1.6b17.6x30.7x0.9x
Sun, 06 Aug 2023€47.2b€53.9b€1.6b17.3x28.6x0.9x
Tue, 04 Jul 2023€49.7b€52.6b€1.6b19.4x31.1x0.9x
Thu, 01 Jun 2023€47.9b€52.4b€1.6b17.9x30.3x0.9x
Sat, 29 Apr 2023€48.5b€52.4b€1.5b18.3x32.2x0.9x
Mon, 27 Mar 2023€48.7b€52.3b€1.6b16.8x31.2x0.9x
Wed, 22 Feb 2023€63.2b€52.9b-€990,618,094.0019.8x-63.8x1.2x
Fri, 20 Jan 2023€60.4b€52.9b-€990,706,657.0018.9x-60.9x1.1x
Sun, 18 Dec 2022€55.9b€52.8b-€1,001,974,799.0017.5x-55.8x1.1x
Price to Earnings Ratio

-55.8x


Total Market Cap: €55.9bTotal Earnings: -€1,001,974,799.00Total Revenue: €52.8bTotal Market Cap vs Earnings and Revenue0%0%0%
French IT Industry Price to Earnings3Y Average 16.8x202320242025
Current Industry PE
  • Investors are relatively neutral on the French IT industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 16.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.99x.
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-0.50%
Tech4.29%
IT6.24%
IT Consulting6.24%
Data Processing Services2.19%
Internet Services and Infrastructure-0.28%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 17.5x.
    • 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 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 9.6% 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€146.106.6%
+€1.5b		-8.3%PE15.9x
SOP Sopra Steria Group€136.502.6%
+€67.2m		-26.2%PE9.3x
ATO Atos€49.042.5%
+€23.3m		188.4%PE0.6x
ATE Alten€67.801.0%
+€22.7m		-14.9%PE15.7x
AUB Aubay Société Anonyme€53.001.9%
+€12.8m		18.3%PE19.5x

Latest News

SOP
€136.50
Sopra Steria Group
7D
2.6%
1Y
-26.2%

SOP: Buy Rating Will Remain Supported By Modest Discount Rate Increase

Analysts have slightly reduced their price target on Sopra Steria Group, trimming it by EUR 5 to reflect a marginally higher discount rate, modestly stronger revenue growth expectations, and a nearly unchanged profit margin and future P/E outlook. Analyst Commentary Recent research updates reflect a nuanced view on Sopra Steria Group, with the modest reduction in the price target seen as a fine-tuning of assumptions rather than a shift in the investment thesis.
CAP
€146.10
Capgemini
7D
6.6%
1Y
-8.3%

CAP: AI Partnerships And Sovereign Cloud Deals Will Drive Future Upside

Analysts have modestly lowered their price target on Capgemini, with updated modeling for a slightly higher discount rate, softer medium term revenue growth, and a marginally lower profit margin contributing to a reduced fair value and a new Street target of EUR 165, down from EUR 186. Analyst Commentary Street research on Capgemini reflects a constructive long term view tempered by near term caution, with the lower price target primarily driven by adjustments to growth and risk assumptions rather than a fundamental change in the company narrative.
AUB
€53.00
Aubay Société Anonyme
7D
1.9%
1Y
18.3%
WAVE
€56.80
Wavestone
7D
0.9%
1Y
31.0%
NRO
€43.55
Neurones
7D
-2.6%
1Y
-1.0%

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
ATO
€49.04
Atos
7D
2.5%
1Y
188.4%

ATO: Cybersecurity Expansion And AI Service Delivery Will Sustain Stable Performance

Analysts have maintained their fair value price target for Atos at €43.00, citing unchanged expectations for the company's revenue growth, profit margin, and discount rate in their latest assessment. What's in the News Atos introduced an Agentic AI solution, the Autonomous Data and AI Engineer, to automate and accelerate data and AI engineering tasks.
OVH
€7.20
OVH Groupe
7D
-13.6%
1Y
-14.3%

OVH: Leadership Changes And Cloud Expansion Will Shape Resilient Outlook

Analysts have revised their price target for OVH Groupe to €9.11. They are maintaining their prior fair value estimate as updates to the discount rate and modest adjustments in profitability expectations support this stance.
INF
€42.50
Infotel
7D
3.2%
1Y
4.9%
S30
€0.94
Solutions 30
7D
3.7%
1Y
7.6%
ALHIT
€14.60
HITECHPROS Société anonyme
7D
-3.9%
1Y
-3.3%
ATE
€67.80
Alten
7D
1.0%
1Y
-14.9%

Fewer Investors Than Expected Jumping On Alten S.A. (EPA:ATE)

Nov 05
Fewer Investors Than Expected Jumping On Alten S.A. (EPA:ATE)
MLLOI
€13.80
Locasystem International
7D
-2.1%
1Y
15.0%
MLCHE
€60.50
Cheops Technology France Société anonyme
7D
-0.8%
1Y
-5.5%
SWP
€35.10
Sword Group
7D
-3.8%
1Y
0%
ALNXT
€0.43
Nextedia
7D
-1.4%
1Y
-10.7%
ALWIT
€1.42
Witbe
7D
-1.4%
1Y
-40.3%