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French (CAC) IT Industry Analysis

UpdatedFeb 20, 2026
DataAggregated Company Financials
Companies20
  • 7D2.1%
  • 3M-17.0%
  • 1Y-31.5%
  • YTD-23.3%

Over the last 7 days, the IT industry has dropped 1.6%, driven by pullbacks in Alten and Atos of 4.8% and 10%, respectively. However, the industry is down 32% over the past year. Looking forward, earnings are forecast to grow by 9.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 20 Feb 2026€25.7b€36.8b€2.2b14x11.5x0.7x
Sun, 18 Jan 2026€34.1b€37.1b€2.2b16.3x15.4x0.9x
Tue, 16 Dec 2025€35.4b€37.1b€2.2b16.4x16x1x
Thu, 13 Nov 2025€32.2b€37.1b€2.2b16.3x14.7x0.9x
Sat, 11 Oct 2025€29.3b€37.1b€2.2b15.4x13.3x0.8x
Mon, 08 Sep 2025€30.4b€37.1b€2.3b14.4x13.5x0.8x
Wed, 06 Aug 2025€31.6b€37.1b€2.3b15.2x14x0.9x
Fri, 04 Jul 2025€36.8b€46.8b€2.6b15.4x13.9x0.8x
Sun, 01 Jun 2025€36.2b€46.7b€2.6b14.9x13.8x0.8x
Tue, 29 Apr 2025€32.9b€46.7b€2.6b13.9x12.7x0.7x
Thu, 27 Mar 2025€38.4b€47.7b€2.6b16.3x14.9x0.8x
Sat, 22 Feb 2025€42.0b€39.9b€2.3b16.6x18x1.1x
Mon, 20 Jan 2025€40.7b€40.0b€2.3b16.4x17.3x1x
Wed, 18 Dec 2024€39.5b€40.0b€2.3b16.3x16.9x1x
Fri, 15 Nov 2024€42.1b€39.9b€2.3b17.6x18x1.1x
Sun, 13 Oct 2024€46.1b€39.8b€2.3b17.7x20x1.2x
Tue, 10 Sep 2024€45.3b€39.8b€2.3b18.3x19.7x1.1x
Thu, 08 Aug 2024€44.8b€40.0b€2.3b17.5x19.4x1.1x
Sat, 06 Jul 2024€48.4b€40.1b€2.2b20.6x21.5x1.2x
Mon, 03 Jun 2024€48.1b€40.0b€2.2b23.3x21.4x1.2x
Wed, 01 May 2024€49.7b€39.9b€2.2b22.3x22.2x1.2x
Fri, 29 Mar 2024€54.4b€39.6b€2.2b22.1x24.2x1.4x
Sun, 25 Feb 2024€57.8b€53.6b€1.5b19.9x39.1x1.1x
Tue, 23 Jan 2024€53.9b€54.3b€1.5b19.1x35.5x1x
Thu, 21 Dec 2023€51.8b€54.4b€1.5b18.3x34.1x1x
Sat, 18 Nov 2023€48.2b€54.3b€1.5b17.1x31.8x0.9x
Mon, 16 Oct 2023€45.0b€54.3b€1.5b16.5x29.4x0.8x
Wed, 13 Sep 2023€48.0b€54.0b€1.6b18.2x30.7x0.9x
Fri, 11 Aug 2023€47.5b€53.9b€1.6b17.4x28.8x0.9x
Sun, 09 Jul 2023€48.7b€52.6b€1.6b19x30.5x0.9x
Tue, 06 Jun 2023€48.7b€52.5b€1.6b18.4x30.8x0.9x
Thu, 04 May 2023€48.8b€52.4b€1.5b18.5x32.4x0.9x
Sat, 01 Apr 2023€49.5b€52.3b€1.5b16.3x32.3x0.9x
Mon, 27 Feb 2023€61.8b€55.7b-€572,245,668.0018.9x-107.9x1.1x
Price to Earnings Ratio

-107.9x


Total Market Cap: €61.8bTotal Earnings: -€572,245,668.00Total Revenue: €55.7bTotal Market Cap vs Earnings and Revenue0%0%0%
French IT Industry Price to Earnings3Y Average 21.7x202420252026
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 11.6x which is lower than its 3-year average PE of 21.6x.
  • 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 Market0.52%
Tech-0.21%
IT2.13%
Internet Services and Infrastructure10.23%
IT Consulting2.12%
Data Processing Services0.83%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 21.0x.
    • Analysts are expecting annual earnings growth of 9.0%, 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 18% 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 9.0% 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€103.954.2%
+€709.5m		-35.0%PE10.9x
NRO Neurones€35.550.3%
+€2.4m		-25.3%PE17x
ALNXT Nextedia€0.4515.4%
+€2.3m		-4.3%PE11.3x
S30 Solutions 30€0.911.2%
+€1.1m		-37.3%PS0.1x
MLACT Activium Group SAS€1.908.6%
+€371.5k		68.1%n/a

Latest News

CAP
€103.95
Capgemini
7D
4.2%
1Y
-35.0%
ATE
€60.40
Alten
7D
-4.8%
1Y
-31.4%
ATO
€40.42
Atos
7D
-10.2%
1Y
18.9%

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.
OVH
€9.01
OVH Groupe
7D
-3.8%
1Y
19.7%
WAVE
€46.60
Wavestone
7D
-0.7%
1Y
-0.1%
SOP
€120.90
Sopra Steria Group
7D
-0.5%
1Y
-29.9%

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.
AUB
€46.85
Aubay Société Anonyme
7D
-5.4%
1Y
3.9%
INF
€35.90
Infotel
7D
-1.4%
1Y
-8.9%
SWP
€31.15
Sword Group
7D
-4.0%
1Y
-6.7%
S30
€0.91
Solutions 30
7D
1.2%
1Y
-37.3%
NRO
€35.55
Neurones
7D
0.3%
1Y
-25.3%

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
MLLOI
€13.40
Locasystem International
7D
3.1%
1Y
19.6%
ALNXT
€0.45
Nextedia
7D
15.4%
1Y
-4.3%
MLACT
€1.90
Activium Group SAS
7D
8.6%
1Y
68.1%