Narrative Update • Jun 07
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French (CAC) Market Analysis & Valuation
UpdatedJun 12, 2026
DataAggregated Company Financials
Companies633
- 7D-0.005%
- 3M2.8%
- 1Y2.3%
- YTD-3.0%
The Consumer Discretionary sector gained 3.3% while the market remained flat over the last week. As for the longer term, the market has also been flat over the past year. 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 |
|---|---|---|---|---|---|---|
| Fri, 12 Jun 2026 | €3.0t | €2.1t | €129.0b | 16.2x | 23.2x | 1.4x |
| Sun, 10 May 2026 | €3.0t | €2.1t | €130.4b | 16x | 22.7x | 1.4x |
| Tue, 07 Apr 2026 | €2.9t | €2.1t | €129.0b | 16.1x | 22.5x | 1.4x |
| Thu, 05 Mar 2026 | €3.0t | €2.1t | €131.7b | 16.4x | 22.8x | 1.4x |
| Sat, 31 Jan 2026 | €3.0t | €2.1t | €128.4b | 16.6x | 23.5x | 1.4x |
| Mon, 29 Dec 2025 | €3.0t | €2.1t | €130.4b | 16.3x | 23.3x | 1.4x |
| Wed, 26 Nov 2025 | €3.0t | €2.1t | €130.9b | 15.8x | 23x | 1.4x |
| Fri, 24 Oct 2025 | €3.1t | €2.1t | €127.5b | 16.7x | 24.3x | 1.5x |
| Sun, 21 Sep 2025 | €3.0t | €2.1t | €129.9b | 16x | 22.7x | 1.4x |
| Tue, 19 Aug 2025 | €3.0t | €2.1t | €129.9b | 16.2x | 22.8x | 1.4x |
| Thu, 17 Jul 2025 | €2.9t | €2.1t | €146.6b | 16x | 20x | 1.4x |
| Sat, 14 Jun 2025 | €2.9t | €2.1t | €146.9b | 15.6x | 19.8x | 1.4x |
| Mon, 12 May 2025 | €2.9t | €2.1t | €146.4b | 15.3x | 20.1x | 1.4x |
| Wed, 09 Apr 2025 | €2.7t | €2.1t | €146.8b | 13.9x | 18.6x | 1.3x |
| Fri, 07 Mar 2025 | €3.1t | €2.1t | €147.9b | 15x | 21.3x | 1.5x |
| Sun, 02 Feb 2025 | €3.1t | €2.2t | €146.9b | 14.3x | 20.9x | 1.4x |
| Tue, 31 Dec 2024 | €2.8t | €2.2t | €148.1b | 14x | 19.1x | 1.3x |
| Thu, 28 Nov 2024 | €2.7t | €2.2t | €145.4b | 13.7x | 18.9x | 1.3x |
| Sat, 26 Oct 2024 | €2.9t | €2.1t | €147.7b | 14.2x | 19.4x | 1.3x |
| Mon, 23 Sep 2024 | €2.9t | €2.1t | €145.0b | 14.6x | 19.7x | 1.3x |
| Wed, 21 Aug 2024 | €2.9t | €2.1t | €147.2b | 14.7x | 19.6x | 1.4x |
| Fri, 19 Jul 2024 | €2.9t | €2.1t | €149.4b | 15.6x | 19.5x | 1.4x |
| Sun, 16 Jun 2024 | €2.9t | €2.1t | €149.6b | 16.1x | 19.5x | 1.4x |
| Tue, 14 May 2024 | €3.2t | €2.1t | €148.7b | 16.7x | 21.3x | 1.5x |
| Thu, 11 Apr 2024 | €3.1t | €2.1t | €103.6b | 15.7x | 30x | 1.5x |
| Sat, 09 Mar 2024 | €3.1t | €2.1t | €101.6b | 15.1x | 30.8x | 1.5x |
| Mon, 05 Feb 2024 | €3.0t | €2.2t | €99.8b | 14.9x | 29.9x | 1.3x |
| Wed, 03 Jan 2024 | €2.9t | €2.2t | €103.7b | 15.3x | 28.4x | 1.3x |
| Fri, 01 Dec 2023 | €2.9t | €2.2t | €105.9b | 14.3x | 27x | 1.3x |
| Sun, 29 Oct 2023 | €2.7t | €2.2t | €149.9b | 13.4x | 17.7x | 1.2x |
| Tue, 26 Sep 2023 | €2.8t | €2.2t | €150.0b | 14.2x | 18.6x | 1.2x |
| Thu, 24 Aug 2023 | €2.9t | €2.2t | €150.9b | 14.4x | 19.2x | 1.3x |
| Sat, 22 Jul 2023 | €3.0t | €2.3t | €142.9b | 14.9x | 21.1x | 1.3x |
| Mon, 19 Jun 2023 | €3.0t | €2.3t | €145.8b | 14.2x | 20.6x | 1.3x |
Price to Earnings Ratio
20.6x
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 | -0.0045% | |
| Consumer Discretionary | 3.34% | |
| Consumer Staples | 3.30% | |
| Utilities | 2.26% | |
| Real Estate | 1.66% | |
| Energy | 0.35% | |
| Healthcare | -0.087% | |
| Telecom | -0.29% | |
| Materials | -0.51% | |
| Financials | -0.90% | |
| Industrials | -2.55% | |
| Tech | -6.12% | |
Sector PE
- Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 25.9x.
- 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 4.0% 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% | PE474.1x | Tech |
