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French (CAC) Financials Sector Analysis

UpdatedMar 25, 2026
DataAggregated Company Financials
Companies56
  • 7D-3.1%
  • 3M-3.8%
  • 1Y1.0%
  • YTD-4.9%

Over the last 7 days, the Financials industry has dropped 3.1%, driven by a pullback from BNP Paribas of 3.4%. In contrast, Younited Financial has gained 45%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 8.5% per annum.

Sector Valuation and Performance

Has the French Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Mar 2026€330.8b€240.0b€30.8b10.9x10.7x1.4x
Sat, 21 Feb 2026€365.1b€240.1b€31.4b12.1x11.6x1.5x
Mon, 19 Jan 2026€349.2b€241.9b€31.3b11.7x11.2x1.4x
Wed, 17 Dec 2025€336.5b€241.9b€31.3b11.4x10.8x1.4x
Fri, 14 Nov 2025€319.7b€242.0b€31.3b11.4x10.2x1.3x
Sun, 12 Oct 2025€329.2b€241.7b€29.9b13x11x1.4x
Tue, 09 Sep 2025€326.6b€251.3b€32.5b11.6x10.1x1.3x
Thu, 07 Aug 2025€342.1b€251.1b€31.8b12.2x10.7x1.4x
Sat, 05 Jul 2025€331.8b€248.0b€34.5b12.2x9.6x1.3x
Mon, 02 Jun 2025€348.7b€251.2b€34.6b11.5x10.1x1.4x
Wed, 30 Apr 2025€332.1b€237.6b€31.1b10.2x10.7x1.4x
Fri, 28 Mar 2025€338.1b€234.2b€31.6b10.5x10.7x1.4x
Sun, 23 Feb 2025€309.9b€231.9b€31.1b9.1x10x1.3x
Tue, 21 Jan 2025€282.7b€242.0b€31.9b8.8x8.9x1.2x
Thu, 19 Dec 2024€266.3b€231.8b€29.5b8x9x1.1x
Sat, 16 Nov 2024€263.9b€230.6b€29.4b7.5x9x1.1x
Mon, 14 Oct 2024€268.1b€230.1b€27.5b8.8x9.8x1.2x
Wed, 11 Sep 2024€267.1b€230.1b€27.4b9.1x9.7x1.2x
Fri, 09 Aug 2024€253.1b€230.0b€27.4b8.6x9.2x1.1x
Sun, 07 Jul 2024€266.0b€224.5b€29.5b8.2x9x1.2x
Tue, 04 Jun 2024€283.5b€224.8b€29.5b9.6x9.6x1.3x
Thu, 02 May 2024€278.1b€224.9b€29.5b8.7x9.4x1.2x
Sat, 30 Mar 2024€279.3b€224.7b€28.7b9.1x9.7x1.2x
Mon, 26 Feb 2024€256.2b€244.5b€30.8b8x8.3x1x
Wed, 24 Jan 2024€278.3b€311.2b€36.0b9x7.7x0.9x
Fri, 22 Dec 2023€275.8b€311.6b€37.5b8.7x7.3x0.9x
Sun, 19 Nov 2023€258.7b€310.9b€36.8b8.4x7x0.8x
Tue, 17 Oct 2023€260.6b€309.6b€37.0b9x7x0.8x
Thu, 14 Sep 2023€271.5b€308.5b€37.0b9.3x7.3x0.9x
Sat, 12 Aug 2023€272.1b€309.5b€37.8b9.3x7.2x0.9x
Mon, 10 Jul 2023€261.7b€300.1b€29.7b9.2x8.8x0.9x
Wed, 07 Jun 2023€270.3b€300.1b€29.7b9.9x9.1x0.9x
Fri, 05 May 2023€271.9b€299.3b€28.9b9x9.4x0.9x
Sun, 02 Apr 2023€270.0b€293.0b€29.2b8.1x9.2x0.9x
Price to Earnings Ratio

9.2x


Total Market Cap: €270.0bTotal Earnings: €29.2bTotal Revenue: €293.0bTotal Market Cap vs Earnings and Revenue0%0%0%
French Financials Sector Price to Earnings3Y Average 9.3x202420252026
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 10.7x which is higher than its 3-year average PE of 9.3x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Financials industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Trends

Which industries have driven the changes within the French Financials sector?

FR Market-3.22%
Financials-3.08%
Mortgage Finance0%0
Consumer Finance0%0
Diversified Financial-1.52%
Banks-3.06%
Insurance-3.28%
Capital Markets-3.40%
Industry PE
  • Investors are most optimistic about the Capital Markets industry, which is trading close to its 3-year average PE ratio of 13.7x.
    • Analysts are expecting annual earnings growth of 9.8%, which is higher than its past year's earnings decline of 8.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 50% 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 6.3% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
EDEN Edenred€18.582.4%
+€101.2m		-40.4%PE8.4x
YOUNI Younited Financial€7.1044.9%
+€94.2m		n/aPS3.5x
TKO Tikehau Capital€16.002.2%
+€58.5m		-19.7%PE64.4x
PLX Pluxee€10.622.9%
+€42.5m		-50.2%PE7.6x
COFA COFACE€14.831.0%
+€20.9m		-17.0%PE10x

Latest News

MLCFM
€1,300.00
CFM Indosuez Wealth Management
7D
2.4%
1Y
4.8%
CS
€38.10
AXA
7D
-2.9%
1Y
-4.9%

CS: Technical And Fee-Based Shift Will Support Re-Rating As Discount Persists

Analysts have nudged AXA's average price target higher to around €48 to €51, citing improved profitability from its focus on technical insurance and fee-based earnings and pointing out that the current valuation still sits at a discount to European composite peers. Analyst Commentary Recent Street research has tilted positive on AXA, with several banks lifting their price targets into a relatively tight band between €46 and about €51.
ACA
€16.33
Crédit Agricole
7D
-1.9%
1Y
-4.7%

ACA: Future Dividend Policy And Recent Rating Shifts Will Support Upside Potential

Narrative Update: Crédit Agricole The analyst fair value estimate for Crédit Agricole has inched up from €20.06 to €20.09. This change reflects a series of recent price target adjustments and rating changes from analysts who highlight refined expectations on valuation and returns.
TKO
€16.00
Tikehau Capital
7D
2.2%
1Y
-19.7%

TKO: Future Upside Will Depend On Execution As Expectations Reset Around €19

Analysts have trimmed their combined price targets on Tikehau Capital by around €5 to approximately €19, as they factor in updated views on revenue growth, margins and the P/E multiple. Analyst Commentary Recent research points to a more cautious tone around Tikehau Capital, with price targets adjusted closer to €19 as analysts revisit their assumptions on revenue growth, profitability and the appropriate P/E multiple.
BNP
€84.31
BNP Paribas
7D
-3.4%
1Y
4.9%
COFA
€14.83
COFACE
7D
1.0%
1Y
-17.0%

COFA: Future Returns Will Rely On Dividend Strength And Hold Stance

Analysts have trimmed their price target for COFACE by €0.50 to €16.00, citing updated views on valuation inputs while keeping the underlying fair value assumptions broadly unchanged. Analyst Commentary Bullish Takeaways Bullish analysts see the updated €16.00 target as consistent with a view that current valuation already reflects known risks, which can appeal if you are looking for more measured expectations rather than aggressive growth assumptions.
SCR
€30.52
SCOR
7D
-1.9%
1Y
9.3%

SCR: Mixed Rating Shifts And New CFO Appointment Will Shape Balanced Outlook

SCOR's updated analyst price target edges higher to €32.74 from €31.98, with analysts citing refreshed models that reflect revised growth and margin assumptions, a modestly higher future P/E multiple, and a series of recent target increases from major banks. Analyst Commentary Recent research updates point to a mixed but generally constructive stance on SCOR, with several price target revisions clustered in the low to mid €30s and one higher target in the high €30s.
YOUNI
€7.10
Younited Financial
7D
44.9%
1Y
n/a
EDEN
€18.58
Edenred
7D
2.4%
1Y
-40.4%

EDEN: Cautious UBS Downgrade And Index Inclusion Will Shape Risk Balance

Analysts have trimmed their price target on Edenred to €17.70, citing slightly lower assumed revenue growth and profit margins, partly offset by a reduced discount rate and a modestly higher future P/E multiple. Analyst Commentary Recent research points to a more cautious tone around Edenred, with the latest price target revision to €17.70 reflecting a reassessment of the balance between growth potential and execution risks.
ENX
€134.80
Euronext
7D
-2.7%
1Y
4.0%

ENX: Lower P/E Assumptions Will Support Higher Fair Value Outlook

Analysts have increased their fair value estimate for Euronext by €3 to €170, citing updated assumptions on revenue growth, profit margins and a lower future P/E that together reshape their price target framework following recent Street research. Analyst Commentary Bullish analysts are focusing on how updated revenue and margin assumptions interact with a lower future P/E input to support the revised fair value, even as some price targets, such as the one from JPMorgan, have been adjusted.
GLE
€65.18
Société Générale Société anonyme
7D
-3.5%
1Y
48.5%
CRTO
€126.40
Caisse Régionale de Crédit Agricole Mutuel de la Touraine et du Poitou Société Coopérative
7D
1.9%
1Y
47.8%
PLX
€10.62
Pluxee
7D
2.9%
1Y
-50.2%

PLX: Cautious Outlook And Dividend Plan Will Shape Future Risk Reward Profile

Narrative Update The analyst price target for Pluxee has shifted from €23 to €15. Analysts cite recent downgrades and a more cautious stance on the shares as key reasons for the change.
MLFIR
€24.20
Firstcaution
7D
10.0%
1Y
-33.5%
AMUN
€73.25
Amundi
7D
-1.7%
1Y
-2.2%

AMUN: Capital Returns Through €500m Buyback Will Drive Forward Balance

Narrative Update on Amundi The updated analyst price target for Amundi reflects recent Street research, with several firms revising their views and setting new targets in a range around €71 to €78.10, including hikes to €71, €75, €76 and €78.10. Analysts are reassessing the shares using slightly adjusted discount rate and P/E assumptions.
CAF
€110.44
Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France
7D
-4.0%
1Y
53.4%