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French (CAC) Market Analysis & Valuation

UpdatedApr 14, 2026
DataAggregated Company Financials
Companies640
  • 7D3.0%
  • 3M-5.0%
  • 1Y7.5%
  • YTD-2.8%

The market has climbed 3.0% in the last 7 days, lead by the Industrials sector with a gain of 4.9%. The market is up 7.5% over the last 12 months. As for the next few years, earnings are expected to grow by 12% per annum.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

Has the French Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 14 Apr 2026€3.0t€2.1t€128.5b16.4x23.3x1.4x
Thu, 12 Mar 2026€3.0t€2.1t€132.4b16x22.3x1.4x
Sat, 07 Feb 2026€3.1t€2.1t€128.7b16.6x23.8x1.5x
Mon, 05 Jan 2026€3.1t€2.1t€130.5b16.5x23.6x1.5x
Wed, 03 Dec 2025€3.0t€2.1t€130.8b16x23.2x1.4x
Fri, 31 Oct 2025€3.1t€2.1t€127.7b16.4x23.9x1.4x
Sun, 28 Sep 2025€3.0t€2.1t€127.3b16x23.2x1.4x
Tue, 26 Aug 2025€3.0t€2.1t€130.1b16.3x22.7x1.4x
Thu, 24 Jul 2025€3.0t€2.1t€146.6b16x20.2x1.4x
Sat, 21 Jun 2025€2.9t€2.1t€146.9b15.7x19.6x1.3x
Mon, 19 May 2025€3.0t€2.1t€146.8b15.5x20.4x1.4x
Wed, 16 Apr 2025€2.8t€2.1t€146.2b14.2x19.2x1.3x
Fri, 14 Mar 2025€3.0t€2.1t€147.7b14.6x20.6x1.4x
Sun, 09 Feb 2025€3.1t€2.2t€145.4b14.5x21.1x1.4x
Tue, 07 Jan 2025€2.9t€2.2t€148.1b14.1x19.4x1.3x
Thu, 05 Dec 2024€2.8t€2.2t€145.5b13.5x19.3x1.3x
Sat, 02 Nov 2024€2.8t€2.1t€144.6b14.1x19.6x1.3x
Mon, 30 Sep 2024€3.0t€2.1t€147.0b14.5x20.5x1.4x
Wed, 28 Aug 2024€2.9t€2.1t€147.1b14.9x19.8x1.4x
Fri, 26 Jul 2024€2.9t€2.1t€148.4b15.4x19.2x1.4x
Sun, 23 Jun 2024€2.9t€2.1t€149.6b15.8x19.7x1.4x
Tue, 21 May 2024€3.2t€2.1t€149.3b17x21.3x1.5x
Thu, 18 Apr 2024€3.1t€2.1t€104.8b15.5x29.5x1.5x
Sat, 16 Mar 2024€3.2t€2.1t€101.3b14.8x31.3x1.5x
Mon, 12 Feb 2024€3.0t€2.2t€97.6b14.2x30.8x1.4x
Wed, 10 Jan 2024€2.9t€2.2t€103.8b15x27.8x1.3x
Fri, 08 Dec 2023€2.9t€2.2t€106.0b14.4x27.4x1.3x
Sun, 05 Nov 2023€2.8t€2.2t€105.4b13.6x26.3x1.2x
Tue, 03 Oct 2023€2.8t€2.2t€150.2b13.9x18.7x1.2x
Thu, 31 Aug 2023€2.9t€2.2t€149.9b14.3x19.7x1.3x
Sat, 29 Jul 2023€3.0t€2.3t€149.7b14.7x20.2x1.3x
Mon, 26 Jun 2023€2.9t€2.3t€145.9b14.1x19.9x1.3x
Wed, 24 May 2023€3.0t€2.4t€121.3b14.6x24.7x1.2x
Fri, 21 Apr 2023€3.1t€2.4t€125.4b14.9x24.8x1.3x
Price to Earnings Ratio

24.8x


Total Market Cap: €3.1tTotal Earnings: €125.4bTotal Revenue: €2.4tTotal Market Cap vs Earnings and Revenue0%0%0%
French Market Price to Earnings3Y Average 22.3x202420252026
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 French listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have declined 4.5% per year.
  • This means that the cost of doing business could be reducing since sales have declined yet profits have remained steady.

Sector Trends

Which sectors have driven the changes within the French Market?

FR Market2.97%
Tech6.03%
Financials5.04%
Industrials4.93%
Materials3.91%
Consumer Discretionary3.20%
Real Estate2.57%
Telecom1.21%
Utilities0.92%
Energy0.46%
Consumer Staples-0.36%
Healthcare-0.47%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 31.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 14.8% which is higher than its past year's earnings decline of 1.0% 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 9.4x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings decline of 3.9% per year.
  • In contrast, the Energy sector is expected to see its earnings grow by 6.5% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
SU Schneider Electric€260.3010.2%
+€13.6b		28.5%PE35.1xIndustrials
RMS Hermès International Société en commandite par actions€1.76k5.7%
+€9.9b		-25.0%PE40.8xConsumer Discretionary
SAF Safran€310.107.9%
+€9.5b		47.1%PE17.9xIndustrials
BNP BNP Paribas€89.777.8%
+€7.1b		31.1%PB0.8xFinancials
MC LVMH Moët Hennessy - Louis Vuitton Société Européenne€481.752.3%
+€5.3b		-9.1%PE22xConsumer Discretionary
See more

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Latest News

RMS
€1,762.00
Hermès International Société en commandite par actions
7D
5.7%
1Y
-25.0%
SW
€38.62
Sodexo
7D
-14.7%
1Y
-30.7%
SAF
€310.10
Safran
7D
7.9%
1Y
47.1%
AIR
€170.46
Airbus
7D
3.2%
1Y
22.4%
BN
€67.32
Danone
7D
-2.8%
1Y
-6.5%

BN: Yogurt Momentum And Argentina Dairy Venture Will Support Medium Term Resilience

Danone's analyst fair value estimate has edged down by about €0.23, reflecting analysts' recent trims to price targets, alongside mixed views on category growth and sector positioning. Analyst Commentary Recent research on Danone highlights a split view, with some analysts turning more constructive on growth potential while others trim price targets and ratings as they reassess execution risks and sector positioning.
SAN
€79.41
Sanofi
7D
-3.8%
1Y
-13.6%
BNP
€89.77
BNP Paribas
7D
7.8%
1Y
31.1%

BNP: Higher Conviction In Execution Will Support Forward Rerating

Analyst price targets for BNP Paribas have moved higher into a range of €96 to €106, with several firms citing updated views on the bank's outlook and risk reward profile as the basis for their revised numbers. Analyst Commentary Recent Street research on BNP Paribas clusters around higher price targets in a relatively tight band, suggesting a more constructive view on valuation and execution, while still leaving room for differing opinions on risk and upside.
SU
€260.30
Schneider Electric
7D
10.2%
1Y
28.5%

SU: Conviction List Support And AI Data Centers Will Drive Future Upside

Narrative Update The blended analyst price target for Schneider Electric has edged down to about €292.86 from €295.50 as analysts balance a series of recent target increases from several banks with a modest cut from Morgan Stanley. The target still reflects updated assumptions for slightly higher revenue growth, stable margins and a marginally lower future P/E multiple.
BIM
€90.00
bioMérieux
7D
-3.9%
1Y
-21.7%

BIM: Food Diagnostics Expansion And Dividend Support Will Drive Future Returns

Analyst price targets for bioMérieux have been revised lower to €100. This reflects a slightly reduced fair value estimate and Street research pointing to more cautious views on the shares, while still assuming broadly unchanged revenue growth, profit margin and P/E expectations.
AM
€330.40
Dassault Aviation société anonyme
7D
-1.8%
1Y
9.8%
OR
€356.80
L'Oréal
7D
-0.4%
1Y
1.7%

OR: Tariff Refund Lawsuit Will Support Premium P E Re Rating Potential

Analysts have lifted their price targets on L'Oréal into a higher €360 to €437 range, reflecting updated views on its operational momentum, earnings assumptions and valuation. Analyst Commentary Recent research updates show a cluster of higher price targets for L'Oréal, with analysts reassessing both execution and valuation as they refine their views on the company.
MC
€481.75
LVMH Moët Hennessy - Louis Vuitton Société Européenne
7D
2.3%
1Y
-9.1%

MC: Succession Clarity And Governance Signals Will Support Future Premium Positioning

Analysts have trimmed the price target on LVMH Moët Hennessy - Louis Vuitton Société Européenne by about €40 per share, reflecting updated views on fair value that factor in slightly higher expected revenue growth and profit margins, along with a lower assumed future P/E multiple. Analyst Commentary Recent Street research on LVMH Moët Hennessy Louis Vuitton Société Européenne shows a cluster of price target trims alongside at least one upgrade.
STMPA
€33.84
STMicroelectronics
7D
16.3%
1Y
88.4%

STMPA: AI And Auto Recovery Themes Will Support 2026 Upside Potential

Analysts have lifted their fair value estimate for STMicroelectronics from €36.39 to €39.33. They cite updated models that reflect higher assumed revenue growth and margins, a slightly lower discount rate, and a lower future P/E, in line with recent price target increases from several research houses.
ALO
€22.32
Alstom
7D
-8.0%
1Y
15.5%

ALO: Future Execution On Major Contracts Will Support Upside Potential

Alstom's updated analyst price target edges higher to €31, with analysts pointing to slightly stronger revenue growth and margin assumptions, along with a modestly lower future P/E multiple. Analyst Commentary Recent research updates show a mix of views on Alstom, with some firms turning more cautious while others are raising valuation markers.
GLE
€70.48
Société Générale Société anonyme
7D
9.7%
1Y
83.6%

GLE: Cost Cuts And Buybacks Will Support Further Upside Potential

Analysts have maintained the fair value estimate for Société Générale Société anonyme at €96.00 while tightening the discount rate and making slight adjustments to revenue growth, profit margin, and future P/E assumptions, in line with a series of recent price target increases across the Street. Analyst Commentary Across recent Street research, bullish analysts have been lifting price targets on Société Générale Société anonyme, with several targets now in the €78 to €84 range.
ORA
€17.67
Orange
7D
-1.3%
1Y
43.6%