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Dutch (AEX) Tech Sector Analysis

UpdatedOct 27, 2025
DataAggregated Company Financials
Companies10
  • 7D-0.2%
  • 3M41.1%
  • 1Y33.8%
  • YTD25.9%

The Tech industry is up 2.3% in the last week, with ASML Holding up 2.1%. In the last 12 months, the industry was up 32%. As for the next few years, earnings are expected to grow by 12% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 27 Oct 2025€386.9b€37.3b€10.1b36.6x38.2x10.4x
Wed, 24 Sep 2025€353.7b€37.3b€10.1b33.7x35.1x9.5x
Fri, 22 Aug 2025€276.2b€37.3b€10.1b27.6x27.4x7.4x
Sun, 20 Jul 2025€283.5b€36.9b€10.1b39.4x28.2x7.7x
Tue, 17 Jun 2025€300.6b€35.4b€9.4b41.7x32.1x8.5x
Thu, 15 May 2025€305.2b€35.4b€9.4b40.7x32.6x8.6x
Sat, 12 Apr 2025€253.3b€32.8b€8.4b28.5x30.1x7.7x
Mon, 10 Mar 2025€293.7b€32.8b€8.4b30.7x34.8x9x
Wed, 05 Feb 2025€318.1b€32.9b€8.3b37.6x38.5x9.7x
Fri, 03 Jan 2025€311.4b€30.9b€7.6b39x40.9x10.1x
Sun, 01 Dec 2024€294.4b€30.9b€7.6b37.5x38.6x9.5x
Tue, 29 Oct 2024€292.9b€30.7b€7.6b36.8x38.5x9.5x
Thu, 26 Sep 2024€327.1b€29.9b€7.4b42x44.1x10.9x
Sat, 24 Aug 2024€362.6b€29.9b€7.4b44.9x48.9x12.1x
Mon, 22 Jul 2024€371.4b€29.9b€7.4b46.5x50.1x12.4x
Wed, 19 Jun 2024€434.8b€30.5b€7.8b51.6x55.9x14.2x
Fri, 17 May 2024€381.6b€30.5b€7.8b47.5x49.1x12.5x
Sun, 14 Apr 2024€399.4b€32.3b€8.7b41.9x45.8x12.4x
Tue, 12 Mar 2024€388.4b€32.3b€8.7b39.8x44.5x12x
Thu, 08 Feb 2024€373.3b€32.1b€8.8b29.9x42.3x11.6x
Sat, 06 Jan 2024€288.2b€32.2b€8.6b21.8x33.4x8.9x
Mon, 04 Dec 2023€287.4b€32.3b€8.6b21.1x33.3x8.9x
Wed, 01 Nov 2023€251.9b€32.3b€8.6b21.3x29.1x7.8x
Fri, 29 Sep 2023€246.4b€31.4b€7.9b22.7x31.3x7.8x
Sun, 27 Aug 2023€266.1b€31.4b€7.9b23x33.9x8.5x
Tue, 25 Jul 2023€271.8b€31.3b€7.9b23.7x34.4x8.7x
Thu, 22 Jun 2023€284.1b€29.8b€7.6b24.4x37.2x9.5x
Sat, 20 May 2023€281.5b€29.8b€7.6b24.6x36.9x9.4x
Mon, 17 Apr 2023€265.8b€26.4b€6.1b21.1x43.2x10.1x
Wed, 15 Mar 2023€295.3b€37.3b€6.8b22.3x43.4x7.9x
Fri, 10 Feb 2023€318.0b€35.5b€6.7b20.7x47.4x9x
Sun, 08 Jan 2023€282.5b€34.0b€6.6b20x42.5x8.3x
Tue, 06 Dec 2022€294.2b€34.0b€6.6b19x44.3x8.6x
Thu, 03 Nov 2022€252.1b€34.0b€6.6b18.5x38x7.4x
Price to Earnings Ratio

38x


Total Market Cap: €252.1bTotal Earnings: €6.6bTotal Revenue: €34.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Dutch Tech Sector Price to Earnings3Y Average 39x202320242025
Current Industry PE
  • Investors are relatively neutral on the Dutch Information Technology 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 39.0x.
  • The industry is trading close to its 3-year average PS ratio of 9.6x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 15% 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 Market0.63%
Tech-0.16%
Electronic Equipment and Components3.56%
IT1.35%
Semiconductors-0.16%
Software-2.94%
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 11.9%, which is higher than its past year's earnings decline of 4.6% 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
ASM ASM International€555.801.5%
+€410.8m
7.8%PE51.6x
BESI BE Semiconductor Industries€147.051.3%
+€145.2m
40.7%PE78.3x
NEDSE MKB Nedsense€0.2124.3%
+€4.6m
193.7%PB2.7x
NEDAP Nedap€101.800.4%
+€2.6m
80.5%PE31.5x
MTRK MotorK€4.180.5%
+€957.4k
-26.7%PS4.9x

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