Narrative Update • Jun 22
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Dutch (AEX) Tech Sector Analysis
UpdatedJun 26, 2026
DataAggregated Company Financials
Companies10
- 7D-5.2%
- 3M40.6%
- 1Y129.6%
- YTD63.4%
Over the last 7 days, the Tech industry has dropped 5.2%, driven by a pullback from ASML Holding of 4.8%. In the past year, the industry has gained 130%. As for the next few years, earnings are expected to grow by 18% per annum.
Sector Valuation and Performance
Has the Dutch Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 27 Jun 2026 | €686.3b | €38.8b | €11.2b | 55.1x | 61.4x | 17.7x |
| Mon, 25 May 2026 | €609.5b | €38.8b | €11.2b | 49.3x | 54.6x | 15.7x |
| Wed, 22 Apr 2026 | €533.9b | €38.7b | €10.9b | 50.2x | 49.1x | 13.8x |
| Fri, 20 Mar 2026 | €498.6b | €37.7b | €10.5b | 44.7x | 47.6x | 13.2x |
| Sun, 15 Feb 2026 | €509.2b | €37.8b | €10.5b | 43.4x | 48.3x | 13.5x |
| Tue, 13 Jan 2026 | €466.0b | €37.3b | €10.4b | 39.1x | 44.9x | 12.5x |
| Thu, 11 Dec 2025 | €405.9b | €37.3b | €10.4b | 34.2x | 39.1x | 10.9x |
| Sat, 08 Nov 2025 | €375.3b | €37.3b | €10.4b | 32.9x | 36.2x | 10.1x |
| Mon, 06 Oct 2025 | €379.7b | €37.3b | €10.1b | 36.2x | 37.7x | 10.2x |
| Wed, 03 Sep 2025 | €268.8b | €37.3b | €10.1b | 28.8x | 26.7x | 7.2x |
| Fri, 01 Aug 2025 | €269.5b | €37.3b | €10.1b | 33.4x | 26.7x | 7.2x |
| Sun, 29 Jun 2025 | €304.1b | €35.4b | €9.4b | 42.8x | 32.5x | 8.6x |
| Tue, 27 May 2025 | €290.5b | €35.4b | €9.4b | 38.5x | 31x | 8.2x |
| Thu, 24 Apr 2025 | €257.0b | €35.2b | €9.6b | 27.6x | 26.9x | 7.3x |
| Sat, 22 Mar 2025 | €291.3b | €32.8b | €8.4b | 30.8x | 34.6x | 8.9x |
| Mon, 17 Feb 2025 | €327.0b | €32.6b | €8.3b | 37.4x | 39.5x | 10x |
| Wed, 15 Jan 2025 | €321.9b | €30.9b | €7.6b | 39.5x | 42.2x | 10.4x |
| Fri, 13 Dec 2024 | €305.7b | €30.9b | €7.6b | 38.4x | 40.1x | 9.9x |
| Sun, 10 Nov 2024 | €279.5b | €30.9b | €7.6b | 35.4x | 36.7x | 9.1x |
| Tue, 08 Oct 2024 | €332.6b | €29.9b | €7.4b | 40.5x | 44.8x | 11.1x |
| Thu, 05 Sep 2024 | €327.1b | €29.9b | €7.4b | 42.5x | 44.1x | 10.9x |
| Sat, 03 Aug 2024 | €326.5b | €29.9b | €7.4b | 43.3x | 44x | 10.9x |
| Mon, 01 Jul 2024 | €427.6b | €30.5b | €7.8b | 51x | 55x | 14x |
| Wed, 29 May 2024 | €397.6b | €30.5b | €7.8b | 49.8x | 51.1x | 13x |
| Fri, 26 Apr 2024 | €369.2b | €30.7b | €7.8b | 44x | 47.4x | 12x |
| Sun, 24 Mar 2024 | €398.5b | €32.3b | €8.7b | 41.5x | 45.7x | 12.4x |
| Tue, 20 Feb 2024 | €378.9b | €32.3b | €8.8b | 28.6x | 42.8x | 11.7x |
| Thu, 18 Jan 2024 | €291.7b | €32.2b | €8.6b | 21.6x | 33.8x | 9x |
| Sat, 16 Dec 2023 | €311.5b | €32.3b | €8.6b | 21.8x | 36.1x | 9.7x |
| Mon, 13 Nov 2023 | €272.4b | €32.3b | €8.6b | 23.1x | 31.6x | 8.4x |
| Wed, 11 Oct 2023 | €255.3b | €31.4b | €7.9b | 18.5x | 32.5x | 8.1x |
| Fri, 08 Sep 2023 | €266.6b | €31.4b | €7.9b | 22.4x | 33.9x | 8.5x |
| Sun, 06 Aug 2023 | €278.3b | €31.4b | €7.9b | 23.5x | 35.4x | 8.9x |
| Tue, 04 Jul 2023 | €292.0b | €29.8b | €7.6b | 24x | 38.2x | 9.8x |
Price to Earnings Ratio
38.2x
Current Industry PE
- Investors are optimistic on the Dutch Information Technology industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 61.4x which is higher than its 3-year average PE of 40.1x.
- The 3-year average PS ratio of 10.6x is lower than the industry's current PS ratio of 17.7x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 14% per year over the last three years.
- Revenues for these companies have grown 9.2% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Dutch Tech sector?
| NL Market | -3.04% | |
| Tech | -5.21% | |
| IT | 0.90% | |
| Electronic Equipment and Components | -0.52% | |
| Software | -3.45% | |
| Semiconductors | -5.22% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 39.8x.
- Analysts are expecting annual earnings growth of 17.6%, which is higher than its past year's earnings growth of 15.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 64% over the next 5 years.
- In contrast, the IT industry is expected to see its earnings grow by 4.4% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CMCOM CM.com | €7.04 | 1.4% +€3.3m | -1.0% | PS0.9x | |
| MTRK MotorK | €2.65 | 1.9% +€2.4m | -41.8% | PS3.2x |
