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French (CAC) Market Analysis & Valuation

UpdatedFeb 09, 2026
DataAggregated Company Financials
Companies638
  • 7D0.8%
  • 3M0.1%
  • 1Y0.7%
  • YTD-0.4%

Over the last 7 days, the market has risen 1.2%, driven by gains of 2.7% in the Industrials sector. In contrast, the Information Technology sector is lagging, dropping 4.7%. As for last year, the market performance has been flat. Earnings are forecast to grow by 12% annually.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 09 Feb 2026€3.1t€2.1t€129.5b16.6x23.6x1.5x
Wed, 07 Jan 2026€3.1t€2.1t€130.6b16.5x23.7x1.5x
Fri, 05 Dec 2025€3.0t€2.1t€130.7b16x23.3x1.4x
Sun, 02 Nov 2025€3.0t€2.1t€130.6b16.5x23.3x1.4x
Tue, 30 Sep 2025€3.0t€2.1t€127.3b16.1x23.3x1.4x
Thu, 28 Aug 2025€2.9t€2.1t€130.0b15.7x22.5x1.4x
Sat, 26 Jul 2025€3.0t€2.1t€143.7b16x20.7x1.4x
Mon, 23 Jun 2025€2.9t€2.1t€146.9b15.8x19.6x1.3x
Wed, 21 May 2025€3.0t€2.1t€146.6b15.3x20.6x1.4x
Fri, 18 Apr 2025€2.8t€2.1t€144.3b14.3x19.3x1.3x
Sun, 16 Mar 2025€3.1t€2.2t€147.9b14.7x20.8x1.4x
Tue, 11 Feb 2025€3.1t€2.2t€145.4b14.5x21.2x1.4x
Thu, 09 Jan 2025€2.9t€2.2t€148.2b14.5x19.4x1.3x
Sat, 07 Dec 2024€2.9t€2.2t€145.4b13.5x19.7x1.3x
Mon, 04 Nov 2024€2.8t€2.1t€144.6b14x19.6x1.3x
Wed, 02 Oct 2024€2.9t€2.1t€147.2b14.5x19.9x1.4x
Fri, 30 Aug 2024€2.9t€2.1t€147.3b14.9x20x1.4x
Sun, 28 Jul 2024€2.9t€2.1t€146.8b15.4x19.7x1.4x
Tue, 25 Jun 2024€3.0t€2.1t€149.5b16x19.9x1.4x
Thu, 23 May 2024€3.1t€2.1t€149.3b16.9x20.9x1.5x
Sat, 20 Apr 2024€3.1t€2.1t€104.8b15.2x29.6x1.5x
Mon, 18 Mar 2024€3.2t€2.1t€103.1b14.8x30.7x1.5x
Wed, 14 Feb 2024€3.0t€2.2t€97.4b14.1x30.7x1.4x
Fri, 12 Jan 2024€2.9t€2.2t€103.7b15.2x27.7x1.3x
Sun, 10 Dec 2023€2.9t€2.2t€105.9b14.4x27.8x1.3x
Tue, 07 Nov 2023€2.8t€2.2t€104.8b13.5x26.3x1.2x
Thu, 05 Oct 2023€2.8t€2.2t€150.4b13.8x18.5x1.2x
Sat, 02 Sep 2023€2.9t€2.2t€150.1b14.3x19.4x1.3x
Mon, 31 Jul 2023€3.0t€2.3t€147.7b14.7x20.4x1.3x
Wed, 28 Jun 2023€2.9t€2.3t€145.8b14x20x1.3x
Fri, 26 May 2023€3.0t€2.4t€126.8b14.3x23.5x1.2x
Sun, 23 Apr 2023€3.1t€2.4t€125.3b14.7x24.9x1.3x
Tue, 21 Mar 2023€2.9t€2.4t€125.2b14.7x22.8x1.2x
Thu, 16 Feb 2023€3.0t€2.3t€117.1b15.2x25.5x1.3x
Price to Earnings Ratio

25.5x


Total Market Cap: €3.0tTotal Earnings: €117.1bTotal Revenue: €2.3tTotal Market Cap vs Earnings and Revenue0%0%0%
French Market Price to Earnings3Y Average 22.5x202420252026
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 22.5x.
Past Earnings Growth
  • The earnings for French listed companies have grown 3.4% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.9% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits are increasing.

Sector Trends

Which sectors have driven the changes within the French Market?

FR Market0.84%
Materials4.88%
Energy2.37%
Utilities2.25%
Industrials1.95%
Consumer Staples1.76%
Real Estate1.36%
Consumer Discretionary0.37%
Financials-0.51%
Healthcare-0.62%
Telecom-0.92%
Tech-5.48%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 29.6x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 13.6% which is higher than its past year's earnings decline of 4.8% 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 9.2x.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings decline of 9.6% per year.
  • In contrast, the Utilities sector is expected to see its earnings grow by 4.1% 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
DG Vinci€134.2010.2%
+€6.9b		24.0%PE15.2xIndustrials
AI L'Air Liquide€167.745.2%
+€4.8b		-1.2%PE28.3xMaterials
TTE TotalEnergies€62.583.2%
+€4.2b		6.8%PE11.2xEnergy
SU Schneider Electric€252.902.6%
+€3.5b		4.4%PE33.1xIndustrials
OR L'Oréal€394.051.4%
+€2.9b		15.1%PE34.4xConsumer Staples
See more

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Latest News

DG
€134.20
Vinci
7D
10.2%
1Y
24.0%

Vinci (EPA:DG) Has Announced That It Will Be Increasing Its Dividend To €3.95

Feb 09
Vinci (EPA:DG) Has Announced That It Will Be Increasing Its Dividend To €3.95
GLE
€72.58
Société Générale Société anonyme
7D
-4.1%
1Y
105.8%
AYV
€11.51
Ayvens
7D
-7.6%
1Y
53.3%
PUB
€78.84
Publicis Groupe
7D
-8.7%
1Y
-25.6%
SAF
€308.00
Safran
7D
1.9%
1Y
25.3%

SAF: UK R&T Expansion And Decarbonization Focus Will Support Repricing

Analysts have maintained their fair value estimate for Safran at €382.00, citing only minor adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions, rather than any significant change in their underlying view. What's in the News Safran is setting up Safran Tech UK, its first Research & Technology centre outside France, as part of a plan to broaden its R&T footprint globally (Key Developments).
SGO
€88.34
Compagnie de Saint-Gobain
7D
4.6%
1Y
-5.6%

SGO: Fair Value View Will Look Past U.S. And European Weakness

Analysts have inched up their fair value estimate for Compagnie de Saint-Gobain from €133.64 to €134.17, reflecting slightly adjusted assumptions on growth, margins and future P/E as they factor in weaker sentiment following a recent downgrade to Sell, which was tied to U.S. headwinds and a slow European recovery. Analyst Commentary Even with the recent Sell call and lower price target, some bullish analysts are still focusing on what they see as support for the current fair value and potential upside if execution improves.
ACA
€17.87
Crédit Agricole
7D
-3.3%
1Y
18.3%

ACA: Future Earnings Guidance And Dividend Policy Will Support Stronger Rating

Analysts have lifted their fair value estimate for Crédit Agricole from €19.15 to about €20.01, reflecting recent price target increases and upgrades in Street research. Analyst Commentary Recent Street research around Crédit Agricole has centered on refreshed price targets and an upgrade, which together help explain the latest adjustment to fair value estimates.
RMS
€2,055.00
Hermès International Société en commandite par actions
7D
1.1%
1Y
-25.3%

RMS: Brand Strength And Jefferies Upgrade Will Support Elevated Future P/E

Analysts have kept their fair value estimate for Hermès International Société en commandite par actions steady at €2,800.00, citing updated assumptions around discount rate, revenue growth, profit margins and future P/E following recent research that includes an upgrade reported by Jefferies. Analyst Commentary Bullish analysts keeping the fair value estimate at €2,800.00 see this level as consistent with their refreshed assumptions on discount rate, revenue trajectory, profit margins and the P/E they are willing to apply to Hermès International Société en commandite par actions.
AIR
€191.30
Airbus
7D
-1.3%
1Y
14.2%

AIR: Delivery Outperformance And New Orders Will Support Future Upside

Analysts have raised their fair value estimate for Airbus from €244 to €269. This revision reflects updated assumptions on the discount rate, revenue growth, profit margins and future P/E, following mixed recent Street research that includes both target increases and cuts, as well as rating downgrades.
TTE
€62.58
TotalEnergies
7D
3.2%
1Y
6.8%

TTE: Bearish Crude Outlook Will Outweigh Refining And Trading Support

Analysts have nudged their fair value estimate for TotalEnergies higher to $52.28 from $50.90, citing recent Street research that includes several upward price target revisions, a slightly lower discount rate, modestly adjusted revenue growth assumptions, a small improvement in profit margin, and a higher future P/E multiple. Analyst Commentary Recent Street research on TotalEnergies shows a mix of views, with some bullish price target hikes sitting alongside more cautious moves that highlight potential risks around execution, growth, and valuation.
DSY
€22.25
Dassault Systèmes
7D
-4.0%
1Y
-44.8%

DSY: Execution Risk And AI Partnerships Will Shape Future Market Reappraisal

Analysts have trimmed their fair value estimate for Dassault Systèmes from €23.00 to €21.00, tying the lower target to a slightly higher discount rate, adjusted assumptions on future P/E, and recent Street research that includes reduced price targets and new Neutral coverage. Analyst Commentary Recent Street research points to a more cautious tone around Dassault Systèmes, with several bearish analysts trimming price targets and highlighting execution risk over the next year.
SU
€252.90
Schneider Electric
7D
2.6%
1Y
4.4%
CAP
€115.40
Capgemini
7D
-14.1%
1Y
-34.7%
HO
€247.10
Thales
7D
-3.9%
1Y
55.3%

HO: Space Joint Venture And Defense Positioning Will Shape Balanced Upside Potential

Narrative Update The analyst price target for Thales has edged higher by about €1.53 to €281.22, as analysts factor in updated assumptions for revenue growth, profit margins, discount rate and a lower future P/E following recent target increases and rating changes from Berenberg, Bernstein and Morgan Stanley. Analyst Commentary Recent research updates on Thales point to a generally constructive stance, with price targets adjusted upward and at least one rating moved higher.
OR
€394.05
L'Oréal
7D
1.4%
1Y
15.1%

OR: China Skincare Moves And US Focus Will Shape Future Momentum

Narrative Update Analysts have lifted their implied fair value for L'Oréal from €391.44 to €397.78, citing a mix of upgraded ratings, slightly higher growth and profit assumptions, and support for a richer future P/E multiple from recent Street research. Analyst Commentary Recent Street research on L'Oréal has tilted more positive, with several upgrades and higher price targets feeding into the modest uplift in implied fair value.
AI
€167.74
L'Air Liquide
7D
5.2%
1Y
-1.2%

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