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← CockpitCompetitor Analysis › OVH.PA OVH Groupe S.A.Open in the cockpit ↗

OVH Groupe S.A.OVH.PACompetitor analysis, valuation and peers

France · EUR·Information Technology›Information Technology Services

French cloud infrastructure provider offering web hosting, dedicated servers and cloud computing from its own European data centers.

≈ Europe's answer to a smaller AWS/DigitalOceanMomentum neutral 51
Mkt cap
$2.41B
US dollars, full cap
Free float
16%
of shares outstanding
$/day
$4.66M
20-day average traded
Fwd P/E
46.6×
forward earnings
ROIC−WACC
+17.2 pp
WACC 6.2%
Hurdle
n/a
no reverse DCF
Next earnings
160 days
15 Apr 2027
Close · EUR€14.14
1D+6.9%
1W+6.7%
1M-7.5%
3M-15.0%
6M+17.1%
YTD+94.0%
1Y+86.4%
ATR %7.3%
52w lowhigh24.6% off high

What OVH Groupe does

French cloud infrastructure provider offering web hosting, dedicated servers and cloud computing from its own European data centers.

Rents servers and cloud capacity on monthly or hourly plans, mostly on servers it designs and assembles itself and cools with its own water-cooling, which keeps the cost of capacity down. The Klaba family, led by founder Octave Klaba, retains control, and Europe provides most of its sales.

In one line: Europe's answer to a smaller AWS/DigitalOcean.

Products and services

  • Public/private cloud (IaaS)
  • Dedicated servers/hosting
  • Web hosting/domains
  • Data center colocation

Customers

  • SMBs
  • European enterprises seeking data sovereignty
  • Developers

Where it sits in the supply chain

  • Information technology
  • Cloud infrastructure
  • IaaS/hosting

What could go right

  • EU data-sovereignty and 'buy European' cloud demand
  • AI compute hosting

What could go wrong

  • Hyperscaler price competition
  • Capex intensity

Moat: narrow (cost advantage, scale, data). Owns its own data centers/hardware for cost control and EU data-sovereignty appeal versus US hyperscalers.

Headquarters: Roubaix, France · Founded: 1999

Named competitors

OVH Groupe at a glance

Size OVH Groupe (OVH.PA) is a France Information Technology company (Information Technology Services) with a market value of $2.41B, the 99th largest of 206 France companies the cockpit tracks. Shares closed at €14.14 on 6 Nov 2026.

Performance Over six months the shares gained 17.1%, against -12.2% for the median peer and -0.4% for the France market (cap-weighted) — 4th highest of 21 in its peer set.

Growth Revenue grew 5.6% over the last twelve months (peer median +9.5%); the operating margin is 37.9% (peer median 8.9%).

Valuation It trades at 46.6× forward earnings against a peer median of 28.0× (5th most expensive of 19).

Capital Return on invested capital runs 17.2 points above its cost of capital (6.2% WACC).

Next results Next results expected around 15 Apr 2027 (exchange calendar; dates can move).

Relative performance

7510012515011 May 202611 Aug 20266 Nov 2026OVH.PA 117Peer median 87
Six months, rebased to 100: OVH Groupe against the median of its 20 peers (local-currency closes).

OVH Groupe financials

Reported figures in EUR; fiscal year ends 2026-08-31. TTM = trailing twelve months.
TTMFY2026FY2025FY2024FY2023
Revenue€1.15B€1.15B€1.08B€993M€897M
Revenue growth—+6%+9%+11%—
Gross profitn/an/a€240M€186M€147M
EBITDA€812M€835M€435M€384M€330M
Net income€9.40M€9.40M€400,000-€10.3M-€40.3M
Free cash flow-€200,000-€200,000€11.0M-€1.42M-€42.6M
Capital expenditure€422M€422M€369M€343M€358M
Total debtn/a€1.36B€1.30B€861M€784M

Quarterly statements and history in the cockpit →

OVH Groupe competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-20%0%+20%HMS300002NETCTATAELXSIFSLY300277TIETO3001700221006038816810002410002929600410GLOBCNXNATEA9449KNOSCAMSOVH.PA6-month return →1-month return →
Up and to the right = strong over both horizons. OVH Groupe is the large dot.

Fundamentals: revenue growth against valuation

0%+500%+1,000%+1,500%50×100×HMS300002NETCTATAELXSIFSLY300277TIETO300170022100603881002929GLOBOVH.PARevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. OVH Groupe is the large dot.

OVH Groupe competitors and peer comparison

Head to head with its named competitors (OVH.PA vs AMZN vs MSFT vs GOOGL)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
OVH Groupe OVH.PA$2.41B+17%+6%38%46.6×n/a
Amazon AMZN$2.80T-5%+15%13%26.3×n/a
Microsoft MSFT$3.94T+28%+18%47%25.5×17.2%
Alphabet Inc. (Class A) GOOGL$3.47T-29%+22%33%20.5×18.5%

How OVH Groupe compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

OVH Groupe against its 20 peers (data as of 6 Nov 2026)
MeasureOVH.PAPeer medianRank in peer set
1-month return-7.5%-0.4%8th lowest of 21
6-month return+17.1%-12.2%4th highest of 21
Distance from 52-week high-24.6%-34.7%8th highest of 21
Revenue growth (TTM)+5.6%+9.5%7th lowest of 21
Operating margin37.9%8.9%2nd highest of 21
Forward P/E46.6×28.0×5th most expensive of 19
ROIC minus cost of capital+17.2 pp+4.7 pp2nd highest of 18
EV / EBITDA4.3×16.7×cheapest of 9
Net debt / EBITDA1.6×0.9×3rd most indebted of 12

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
OVH Groupe OVH.PAFrance$2.41B+17%+6%38%46.6×n/an/a
HMS Networks HMS.STSweden$2.41B-17%+15%27%31.9×14.3%+19.5%
Beijing Ultrapower Software 300002.SZChina$2.43B-14%+9%15%20.4×4.2%+10.2%
Netcompany Group A/S NETC.CODenmark$2.44B+1%+30%11%20.4×n/an/a
Tata Elxsi TATAELXSI.NSIndia$2.52B-10%+10%20%32.7×25.3%+15.5%
Fastly FSLYUnited States$2.52B-23%+20%-12%24.4×37.8%+16.5%
Hangzhou Turbine Power 300277.SZChina$2.57B-37%+1,784%3%33.2×36.4%-10.7%
Tieto TIETO.HEFinland$2.26B-5%-17%20%10.4×-6.4%-7.8%
Hand Enterprise Solutions 300170.SZChina$2.24B-26%+7%6%48.8×27.4%+6.5%
Posco Dx 022100.KSSouth Korea$2.24B-43%-15%3%69.6×34.8%+2.2%
Shanghai AtHub 603881.SSChina$2.66B-33%-5%16%101.4×16.9%+13.6%
Shanghai Sunmi Technology 6810.HKHong Kong$2.70B-10%+10%7%n/an/an/a
Glodon 002410.SZChina$2.15B-21%-4%8%31.6×5.4%+8.8%
Runjian 002929.SZChina$2.71B+6%-11%0%49.7×n/an/a
Beijing Teamsun Technology 600410.SSChina$2.09B-42%+19%-9%n/a26.0%+3.6%
Globant GLOBUnited States$2.05B+21%-1%10%8.0×-1.2%+24.7%
PC Connection CNXNUnited States$2.00B+19%+10%4%16.6×n/an/a
Atea ATEA.OLNorway$1.99B+6%+12%4%16.4×-5.0%-1.1%
GMO Internet 9449.TJapan$1.94B-4%+6%21%13.4×n/an/a
Kainos KNOS.LUnited Kingdom$1.92B+57%+17%11%23.2×21.7%+12.9%
Computer Age Management Services CAMS.NSIndia$1.87B-15%+9%39%32.3×n/an/a

Questions

Who are OVH Groupe's main competitors?
Named competitors: Amazon Web Services (AMZN), Microsoft Azure (MSFT), Google Cloud (GOOGL), Hetzner (private) (private or unlisted). The cockpit's measured peer set (industry) also includes HMS Networks (HMS.ST), Beijing Ultrapower Software (300002.SZ), Netcompany Group A/S (NETC.CO), Tata Elxsi (TATAELXSI.NS), Fastly (FSLY), Hangzhou Turbine Power (300277.SZ).
Is OVH Groupe expensive compared with its peers?
On forward p/e it trades at 46.6× against a peer median of 28.0×, 5th most expensive of 19 in its peer set.
How has OVH Groupe stock performed?
Over six months to 6 Nov 2026 the shares returned +17.1% against -12.2% for the median peer; over one year +86.4%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.