Narrative Update • May 19
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French (CAC) Luxury Industry Analysis
UpdatedMay 22, 2026
DataAggregated Company Financials
Companies12
- 7D2.0%
- 3M-17.9%
- 1Y-14.4%
- YTD-25.0%
Over the last 7 days, the Luxury industry has risen 3.7%, driven by gains from LVMH Moët Hennessy - Louis Vuitton Société Européenne of 2.8%. However, the industry is down 16% over the past year. Looking forward, earnings are forecast to grow by 13% annually.
Industry Valuation and Performance
Has the French Luxury Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 22 May 2026 | €513.7b | €192.9b | €19.9b | 26.9x | 25.8x | 2.7x |
| Sun, 19 Apr 2026 | €547.0b | €192.9b | €19.9b | 27.4x | 27.5x | 2.8x |
| Tue, 17 Mar 2026 | €544.8b | €192.9b | €19.9b | 26.9x | 27.4x | 2.8x |
| Thu, 12 Feb 2026 | €607.3b | €192.6b | €19.8b | 29.3x | 30.6x | 3.2x |
| Sat, 10 Jan 2026 | €705.2b | €197.7b | €20.7b | 36.2x | 34x | 3.6x |
| Mon, 08 Dec 2025 | €681.4b | €197.7b | €20.7b | 28.4x | 32.9x | 3.4x |
| Wed, 05 Nov 2025 | €661.7b | €197.7b | €20.7b | 27.7x | 31.9x | 3.3x |
| Fri, 03 Oct 2025 | €623.0b | €197.7b | €20.7b | 26.1x | 30.1x | 3.2x |
| Sun, 31 Aug 2025 | €585.0b | €197.7b | €20.7b | 22.8x | 28.2x | 3x |
| Tue, 29 Jul 2025 | €604.7b | €198.6b | €21.2b | 22.1x | 28.5x | 3x |
| Thu, 26 Jun 2025 | €558.0b | €202.4b | €23.5b | 18.4x | 23.8x | 2.8x |
| Sat, 24 May 2025 | €590.0b | €202.4b | €23.5b | 18.8x | 25.1x | 2.9x |
| Mon, 21 Apr 2025 | €582.8b | €202.4b | €23.5b | 18.6x | 24.8x | 2.9x |
| Wed, 19 Mar 2025 | €689.3b | €202.4b | €23.5b | 23.9x | 29.4x | 3.4x |
| Fri, 14 Feb 2025 | €799.1b | €201.4b | €23.3b | 25.3x | 34.3x | 4x |
| Sun, 12 Jan 2025 | €707.6b | €204.5b | €26.3b | 19.1x | 26.9x | 3.5x |
| Tue, 10 Dec 2024 | €703.9b | €204.5b | €26.3b | 16.6x | 26.8x | 3.4x |
| Thu, 07 Nov 2024 | €649.9b | €204.6b | €26.3b | 15.5x | 24.8x | 3.2x |
| Sat, 05 Oct 2024 | €695.4b | €204.6b | €26.3b | 16.6x | 26.5x | 3.4x |
| Mon, 02 Sep 2024 | €709.4b | €204.6b | €26.3b | 21.8x | 27x | 3.5x |
| Wed, 31 Jul 2024 | €683.6b | €204.6b | €26.3b | 17.9x | 26x | 3.3x |
| Fri, 28 Jun 2024 | €747.8b | €205.9b | €28.7b | 19.4x | 26x | 3.6x |
| Sun, 26 May 2024 | €772.2b | €205.9b | €28.7b | 20.4x | 26.9x | 3.7x |
| Tue, 23 Apr 2024 | €816.5b | €205.9b | €28.7b | 17.6x | 28.4x | 4x |
| Thu, 21 Mar 2024 | €863.3b | €205.9b | €28.7b | 19.1x | 30.1x | 4.2x |
| Sat, 17 Feb 2024 | €830.6b | €206.0b | €28.7b | 20x | 28.9x | 4x |
| Mon, 15 Jan 2024 | €686.1b | €203.5b | €30.0b | 15.2x | 22.9x | 3.4x |
| Wed, 13 Dec 2023 | €754.1b | €203.5b | €30.0b | 14.6x | 25.1x | 3.7x |
| Fri, 10 Nov 2023 | €727.3b | €203.5b | €30.0b | 14.5x | 24.2x | 3.6x |
| Sun, 08 Oct 2023 | €727.1b | €203.5b | €30.0b | 18.1x | 24.2x | 3.6x |
| Tue, 05 Sep 2023 | €778.4b | €203.6b | €30.0b | 18.1x | 25.9x | 3.8x |
| Thu, 03 Aug 2023 | €812.5b | €203.6b | €30.0b | 20.6x | 27.1x | 4x |
| Sat, 01 Jul 2023 | €849.2b | €191.1b | €26.8b | 17.1x | 31.6x | 4.4x |
| Mon, 29 May 2023 | €835.3b | €191.1b | €26.8b | 17.5x | 31.1x | 4.4x |
Price to Earnings Ratio
31.1x
Current Industry PE
- Investors are relatively neutral on the French Luxury industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 27.5x.
- The 3-year average PS ratio of 3.4x is higher than the industry's current PS ratio of 2.7x.
Past Earnings Growth
- The earnings for companies in the Luxury industry have declined 9.5% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the French Consumer Discretionary industry?
| FR Market | 0.23% | |
| Consumer Discretionary | 1.33% | |
| Luxury | 1.97% | |
| Apparel, Accessories and Luxury Goods | 1.97% | |
| Footwear | 0% | 0 |
| Textiles | 0% | 0 |
Industry PE
- Investors are most optimistic about the Apparel, Accessories and Luxury Goods industry, which is trading close to its 3-year average PE ratio of 27.5x.
- Analysts are expecting annual earnings growth of 12.9%, which is higher than its past year's earnings decline of 7.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Apparel, Accessories and Luxury Goods industry, expecting annual earnings growth of 13% over the next 5 years.
- This is better than its past earnings decline of 7.4% per year.
- In contrast, the Apparel, Accessories and Luxury Goods industry is expected to see its earnings grow by 13% 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 | |
|---|---|---|---|---|---|
| MC LVMH Moët Hennessy - Louis Vuitton Société Européenne | €473.55 | 2.8% +€6.3b | -2.4% | PE21.6x | |
| CDI Christian Dior | €443.60 | 2.7% +€2.1b | -2.5% | PE17.7x | |
| RMS Hermès International Société en commandite par actions | €1.61k | 0.9% +€1.5b | -34.0% | PE37.3x | |
| KER Kering | €244.60 | 0.1% +€30.7m | 39.4% | PS2x | |
| ALDAR Damartex | €2.30 | 0.4% +€112.6k | -43.9% | PS0.05x |