Narrative Update • May 08
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French (CAC) Financials Sector Analysis
UpdatedMay 12, 2026
DataAggregated Company Financials
Companies55
- 7D3.0%
- 3M-0.4%
- 1Y6.8%
- YTD2.7%
The Financials industry is up 3.0% in the last week, with BNP Paribas up 6.3%. This takes the industry's 12 month performance to a gain of 6.8%. Looking forward, earnings are forecast to grow by 8.5% annually.
Sector Valuation and Performance
Has the French Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 12 May 2026 | €363.7b | €244.5b | €31.0b | 11.2x | 11.7x | 1.5x |
| Thu, 09 Apr 2026 | €361.1b | €243.5b | €30.7b | 11.9x | 11.8x | 1.5x |
| Sat, 07 Mar 2026 | €341.2b | €226.0b | €33.0b | 11.7x | 10.3x | 1.5x |
| Mon, 02 Feb 2026 | €355.4b | €241.9b | €31.3b | 11.8x | 11.4x | 1.5x |
| Wed, 31 Dec 2025 | €346.7b | €241.9b | €31.3b | 11.9x | 11.1x | 1.4x |
| Fri, 28 Nov 2025 | €323.5b | €241.9b | €31.3b | 11.4x | 10.3x | 1.3x |
| Sun, 26 Oct 2025 | €319.1b | €241.6b | €29.9b | 12.9x | 10.7x | 1.3x |
| Tue, 23 Sep 2025 | €334.1b | €251.3b | €32.4b | 12.2x | 10.3x | 1.3x |
| Thu, 21 Aug 2025 | €350.9b | €251.3b | €32.5b | 12.1x | 10.8x | 1.4x |
| Sat, 19 Jul 2025 | €341.0b | €247.9b | €34.5b | 12.4x | 9.9x | 1.4x |
| Mon, 16 Jun 2025 | €332.0b | €247.9b | €34.5b | 10.9x | 9.6x | 1.3x |
| Wed, 14 May 2025 | €340.9b | €247.9b | €34.5b | 11.2x | 9.9x | 1.4x |
| Fri, 11 Apr 2025 | €298.5b | €233.9b | €31.2b | 9.2x | 9.6x | 1.3x |
| Sun, 09 Mar 2025 | €326.5b | €221.2b | €32.2b | 9.7x | 10.1x | 1.5x |
| Tue, 04 Feb 2025 | €292.9b | €242.0b | €31.9b | 8.8x | 9.2x | 1.2x |
| Thu, 02 Jan 2025 | €269.4b | €242.0b | €31.9b | 8.2x | 8.5x | 1.1x |
| Sat, 30 Nov 2024 | €254.8b | €230.6b | €29.4b | 7.7x | 8.7x | 1.1x |
| Mon, 28 Oct 2024 | €270.3b | €230.1b | €27.5b | 7.8x | 9.8x | 1.2x |
| Wed, 25 Sep 2024 | €271.5b | €230.2b | €27.5b | 8.1x | 9.9x | 1.2x |
| Fri, 23 Aug 2024 | €260.2b | €230.0b | €27.4b | 9x | 9.5x | 1.1x |
| Sun, 21 Jul 2024 | €266.0b | €224.7b | €29.6b | 8.2x | 9x | 1.2x |
| Tue, 18 Jun 2024 | €252.1b | €224.8b | €29.6b | 7.9x | 8.5x | 1.1x |
| Thu, 16 May 2024 | €291.6b | €224.7b | €29.6b | 9.6x | 9.8x | 1.3x |
| Sat, 13 Apr 2024 | €275.8b | €221.8b | €28.1b | 8.2x | 9.8x | 1.2x |
| Mon, 11 Mar 2024 | €262.3b | €236.8b | €29.2b | 7.4x | 9x | 1.1x |
| Wed, 07 Feb 2024 | €252.5b | €259.7b | €34.7b | 8x | 7.3x | 1x |
| Fri, 05 Jan 2024 | €277.4b | €311.2b | €36.0b | 9x | 7.7x | 0.9x |
| Sun, 03 Dec 2023 | €264.3b | €311.6b | €37.5b | 8.3x | 7x | 0.8x |
| Tue, 31 Oct 2023 | €247.4b | €309.7b | €36.9b | 8.9x | 6.7x | 0.8x |
| Thu, 28 Sep 2023 | €266.4b | €308.5b | €37.0b | 9x | 7.2x | 0.9x |
| Sat, 26 Aug 2023 | €267.0b | €309.3b | €37.6b | 9x | 7.1x | 0.9x |
| Mon, 24 Jul 2023 | €273.0b | €300.2b | €29.7b | 10.1x | 9.2x | 0.9x |
| Wed, 21 Jun 2023 | €267.8b | €300.1b | €29.8b | 9.6x | 9x | 0.9x |
| Fri, 19 May 2023 | €281.5b | €300.6b | €29.7b | 9.6x | 9.5x | 0.9x |
Price to Earnings Ratio
9.5x
Current Industry PE
- Investors are optimistic on the French Financials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 11.7x which is higher than its 3-year average PE of 9.4x.
- The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Financials industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have declined 6.7% per year.
- This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.
Industry Trends
Which industries have driven the changes within the French Financials sector?
| FR Market | 0.91% | |
| Financials | 2.98% | |
| Banks | 5.12% | |
| Diversified Financial | 1.16% | |
| Capital Markets | 0.92% | |
| Mortgage Finance | 0% | 0 |
| Consumer Finance | 0% | 0 |
| Insurance | -0.86% | |
Industry PE
- Investors are most optimistic about the Capital Markets industry, which is trading close to its 3-year average PE ratio of 13.8x.
- Analysts are expecting annual earnings growth of 7.9%, which is lower than the prior year's growth of 9.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 46% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Insurance industry is expected to see its earnings grow by 6.1% 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 | |
|---|---|---|---|---|---|
| BNP BNP Paribas | €90.41 | 1.8% +€1.8b | 14.3% | PB0.8x | |
| ACA Crédit Agricole | €16.93 | 1.7% +€831.9m | -0.6% | PB0.7x | |
| GLE Société Générale Société anonyme | €66.78 | 0.7% +€335.8m | 41.4% | PB0.7x | |
| SCR SCOR | €31.04 | 4.7% +€235.6m | 13.0% | PE6.3x | |
| AMUN Amundi | €84.45 | 1.3% +€223.5m | 12.2% | PE10.5x |
