Narrative Update • Jun 12
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French (CAC) Market Analysis & Valuation
UpdatedJun 14, 2026
DataAggregated Company Financials
Companies634
- 7D1.8%
- 3M4.4%
- 1Y5.2%
- YTD-1.2%
The market has climbed 1.8% in the last 7 days, lead by the Consumer Discretionary sector with a gain of 5.5%. The market is up 5.2% over the last 12 months. Looking forward, earnings are forecast to grow by 12% annually.
Market Valuation and Performance
Has the French Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 14 Jun 2026 | €3.0t | €2.1t | €129.1b | 16.2x | 23.6x | 1.4x |
| Tue, 12 May 2026 | €2.9t | €2.1t | €130.4b | 15.8x | 22.4x | 1.4x |
| Thu, 09 Apr 2026 | €3.0t | €2.1t | €128.8b | 16.5x | 23.4x | 1.4x |
| Sat, 07 Mar 2026 | €2.9t | €2.1t | €132.4b | 16.2x | 22.2x | 1.4x |
| Mon, 02 Feb 2026 | €3.0t | €2.1t | €128.4b | 16.6x | 23.5x | 1.4x |
| Wed, 31 Dec 2025 | €3.1t | €2.1t | €130.5b | 16.4x | 23.5x | 1.5x |
| Fri, 28 Nov 2025 | €3.0t | €2.1t | €130.8b | 15.8x | 23.2x | 1.4x |
| Sun, 26 Oct 2025 | €3.1t | €2.1t | €127.5b | 16.8x | 24.2x | 1.5x |
| Tue, 23 Sep 2025 | €2.9t | €2.1t | €129.8b | 16x | 22.7x | 1.4x |
| Thu, 21 Aug 2025 | €3.0t | €2.1t | €130.0b | 16.3x | 23x | 1.4x |
| Sat, 19 Jul 2025 | €3.0t | €2.1t | €146.7b | 16x | 20.2x | 1.4x |
| Mon, 16 Jun 2025 | €2.9t | €2.1t | €146.8b | 15.6x | 19.8x | 1.4x |
| Wed, 14 May 2025 | €3.0t | €2.1t | €146.5b | 15.8x | 20.6x | 1.4x |
| Fri, 11 Apr 2025 | €2.7t | €2.1t | €146.4b | 13.8x | 18.7x | 1.3x |
| Sun, 09 Mar 2025 | €3.1t | €2.1t | €147.9b | 15.1x | 21x | 1.5x |
| Tue, 04 Feb 2025 | €3.1t | €2.2t | €147.0b | 14.1x | 20.9x | 1.4x |
| Thu, 02 Jan 2025 | €2.9t | €2.2t | €148.2b | 13.9x | 19.3x | 1.3x |
| Sat, 30 Nov 2024 | €2.8t | €2.2t | €145.5b | 13.4x | 19x | 1.3x |
| Mon, 28 Oct 2024 | €2.9t | €2.1t | €148.0b | 14.1x | 19.4x | 1.3x |
| Wed, 25 Sep 2024 | €2.9t | €2.1t | €145.1b | 14.9x | 20x | 1.4x |
| Fri, 23 Aug 2024 | €2.9t | €2.1t | €147.3b | 14.8x | 19.8x | 1.4x |
| Sun, 21 Jul 2024 | €2.9t | €2.1t | €149.5b | 15.5x | 19.4x | 1.4x |
| Tue, 18 Jun 2024 | €2.9t | €2.1t | €149.5b | 15.9x | 19.6x | 1.4x |
| Thu, 16 May 2024 | €3.2t | €2.1t | €148.5b | 16.8x | 21.4x | 1.5x |
| Sat, 13 Apr 2024 | €3.1t | €2.1t | €103.8b | 15.4x | 29.8x | 1.5x |
| Mon, 11 Mar 2024 | €3.1t | €2.1t | €102.0b | 14.9x | 30.6x | 1.5x |
| Wed, 07 Feb 2024 | €3.0t | €2.2t | €99.7b | 14.3x | 30x | 1.4x |
| Fri, 05 Jan 2024 | €2.9t | €2.2t | €103.7b | 15.1x | 28x | 1.3x |
| Sun, 03 Dec 2023 | €2.9t | €2.2t | €105.9b | 14.4x | 27.1x | 1.3x |
| Tue, 31 Oct 2023 | €2.7t | €2.2t | €149.8b | 13.4x | 17.8x | 1.2x |
| Thu, 28 Sep 2023 | €2.8t | €2.2t | €150.1b | 14.3x | 18.4x | 1.2x |
| Sat, 26 Aug 2023 | €2.9t | €2.2t | €151.0b | 14.3x | 19.2x | 1.3x |
| Mon, 24 Jul 2023 | €3.0t | €2.3t | €142.9b | 14.9x | 21.1x | 1.3x |
| Wed, 21 Jun 2023 | €3.0t | €2.3t | €145.9b | 14x | 20.3x | 1.3x |
Price to Earnings Ratio
20.3x
Current Market PE
- Investors are relatively neutral on the French market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 22.3x.
Past Earnings Growth
- The earnings for companies in the French industry have declined 4.0% per year over the last three years.
- Revenues have also declined 2.7% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Sector Trends
Which sectors have driven the changes within the French Market?
| FR Market | 1.81% | |
| Consumer Discretionary | 5.48% | |
| Consumer Staples | 3.74% | |
| Financials | 2.37% | |
| Real Estate | 2.36% | |
| Utilities | 1.79% | |
| Telecom | 1.76% | |
| Materials | 0.87% | |
| Healthcare | 0.43% | |
| Industrials | -0.22% | |
| Tech | -0.56% | |
| Energy | -1.13% | |
Sector PE
- Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 26.1x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 26.4% which is higher than its past year's earnings decline of 6.8% per year.
- The Financials sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 9.5x.
Forecasted Growth
- Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 28% over the next 5 years.
- This is better than its past earnings decline of 2.4% per year.
- In contrast, the Energy sector is expected to see its earnings grow by 4.5% 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 | Sector | |
|---|---|---|---|---|---|---|
| MC LVMH Moët Hennessy - Louis Vuitton Société Européenne | €510.60 | 6.6% +€15.7b | 10.7% | PE23.3x | Consumer Discretionary | |
| RMS Hermès International Société en commandite par actions | €1.70k | 4.8% +€8.2b | -26.1% | PE39.3x | Consumer Discretionary | |
| OR L'Oréal | €390.25 | 3.9% +€7.9b | 5.2% | PE34x | Consumer Staples | |
| CDI Christian Dior | €474.80 | 6.0% +€4.9b | 9.5% | PE18.9x | Consumer Discretionary | |
| STMPA STMicroelectronics | €67.75 | 7.8% +€4.4b | 164.8% | PE473.9x | Tech |
