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Dutch (AEX) Tech Sector Analysis

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies10
  • 7D-1.0%
  • 3M37.4%
  • 1Y39.1%
  • YTD23.5%

Over the last 7 days, the Tech industry has dropped 1.0%, driven by a pullback from ASML Holding of 0.6%. In the past year, the industry has gained 39%. As for the next few years, earnings are expected to grow by 13% per annum.

Sector Valuation and Performance

Has the Dutch Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 20 Nov 2025€379.4b€37.3b€10.4b30.8x36.5x10.2x
Sat, 18 Oct 2025€378.2b€37.3b€10.1b35.8x37.3x10.1x
Mon, 15 Sep 2025€298.4b€37.3b€10.1b29x29.6x8x
Wed, 13 Aug 2025€277.9b€37.3b€10.1b33.6x27.6x7.5x
Fri, 11 Jul 2025€305.7b€35.4b€9.4b42.1x32.6x8.6x
Sun, 08 Jun 2025€297.7b€35.4b€9.4b40.2x31.8x8.4x
Tue, 06 May 2025€269.5b€35.4b€9.4b29.2x28.8x7.6x
Thu, 03 Apr 2025€271.7b€32.8b€8.4b28.9x32.2x8.3x
Sat, 01 Mar 2025€311.0b€32.8b€8.4b36.1x36.9x9.5x
Mon, 27 Jan 2025€318.1b€30.9b€7.6b38.7x41.8x10.3x
Wed, 25 Dec 2024€310.8b€30.9b€7.6b38.8x40.8x10.1x
Fri, 22 Nov 2024€282.6b€30.9b€7.6b35.1x37.1x9.2x
Sun, 20 Oct 2024€296.5b€30.7b€7.6b37.6x39x9.7x
Tue, 17 Sep 2024€321.2b€29.9b€7.4b40.6x43.3x10.7x
Thu, 15 Aug 2024€353.6b€29.9b€7.4b45.3x47.7x11.8x
Sat, 13 Jul 2024€444.9b€30.5b€7.8b50.5x57.2x14.6x
Mon, 10 Jun 2024€423.8b€30.5b€7.8b50.9x54.5x13.9x
Wed, 08 May 2024€377.7b€30.5b€7.8b47.2x48.6x12.4x
Fri, 05 Apr 2024€397.1b€32.3b€8.7b41.4x45.5x12.3x
Sun, 03 Mar 2024€395.3b€32.3b€8.7b41.1x45.4x12.2x
Tue, 30 Jan 2024€353.7b€33.1b€8.9b21.7x40x10.7x
Thu, 28 Dec 2023€306.8b€32.2b€8.6b21.8x35.6x9.5x
Sat, 25 Nov 2023€283.9b€32.3b€8.6b21.2x32.9x8.8x
Mon, 23 Oct 2023€242.7b€32.3b€8.4b20.9x28.9x7.5x
Wed, 20 Sep 2023€246.8b€31.4b€7.9b21.9x31.4x7.9x
Fri, 18 Aug 2023€265.2b€31.4b€7.9b23.9x33.7x8.4x
Sun, 16 Jul 2023€301.6b€29.8b€7.6b23.5x39.5x10.1x
Tue, 13 Jun 2023€294.6b€29.8b€7.6b24.3x38.6x9.9x
Thu, 11 May 2023€262.9b€29.8b€7.6b24.1x34.4x8.8x
Sat, 08 Apr 2023€265.5b€26.4b€6.1b22.4x43.2x10x
Mon, 06 Mar 2023€301.9b€37.3b€6.8b23.2x44.3x8.1x
Wed, 01 Feb 2023€307.9b€35.5b€6.7b20.6x46.1x8.7x
Fri, 30 Dec 2022€267.5b€34.0b€6.6b19x40.3x7.9x
Sun, 27 Nov 2022€295.3b€34.0b€6.6b18.9x44.5x8.7x
Price to Earnings Ratio

44.5x


Total Market Cap: €295.3bTotal Earnings: €6.6bTotal Revenue: €34.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Dutch Tech Sector Price to Earnings3Y Average 38.9x202320242025
Current Industry PE
  • Investors are pessimistic on the Dutch Information Technology 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 35.7x which is lower than its 3-year average PE of 38.9x.
  • The industry is trading close to its 3-year average PS ratio of 9.7x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 16% per year over the last three years.
  • Revenues for these companies have grown 3.1% 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-3.14%
Tech-1.02%
IT-0.17%
Semiconductors-1.01%
Software-1.04%
Electronic Equipment and Components-5.43%
Industry PE
  • Investors are most optimistic about the Semiconductors industry, which is trading close to its 3-year average PE ratio of 38.1x.
    • Analysts are expecting annual earnings growth of 12.8%, which is lower than the prior year's growth of 36.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Software industry, expecting annual earnings growth of 103% over the next 5 years.
  • In contrast, the IT 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
ASML ASML Holding€889.800.9%
+€3.2b
40.9%PE36.4x
CMCOM CM.com€4.710.7%
+€1.1m
-22.8%PS0.6x
LVIDE Lavide Holding€0.514.3%
+€183.1k
42.2%PB36.3x

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