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French (CAC) Financials Sector Analysis

UpdatedMar 28, 2026
DataAggregated Company Financials
Companies56
  • 7D-0.1%
  • 3M-4.9%
  • 1Y1.9%
  • YTD-6.0%

Over the last 7 days, the Financials industry has dropped 1.8%, driven by a pullback from BNP Paribas of 1.3%. Over the last year, the industry has been flat overall. Looking forward, earnings are forecast to grow by 8.4% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Mar 2026€327.1b€239.8b€30.7b11.8x10.7x1.4x
Mon, 23 Feb 2026€365.1b€240.0b€31.4b12.1x11.6x1.5x
Wed, 21 Jan 2026€345.3b€241.9b€31.3b11.8x11x1.4x
Fri, 19 Dec 2025€342.5b€241.9b€31.3b11.5x10.9x1.4x
Sun, 16 Nov 2025€315.7b€242.0b€31.3b11.3x10.1x1.3x
Tue, 14 Oct 2025€328.7b€241.7b€29.9b12.1x11x1.4x
Thu, 11 Sep 2025€330.9b€251.3b€32.5b11.7x10.2x1.3x
Sat, 09 Aug 2025€350.0b€251.1b€31.8b12.2x11x1.4x
Mon, 07 Jul 2025€331.7b€247.9b€34.5b12.4x9.6x1.3x
Wed, 04 Jun 2025€339.0b€247.9b€34.5b11.5x9.8x1.4x
Fri, 02 May 2025€332.1b€237.6b€31.1b10.4x10.7x1.4x
Sun, 30 Mar 2025€335.0b€233.9b€31.3b10.5x10.7x1.4x
Tue, 25 Feb 2025€309.9b€231.9b€31.1b9x10x1.3x
Thu, 23 Jan 2025€282.6b€242.0b€31.9b8.8x8.9x1.2x
Sat, 21 Dec 2024€263.2b€242.0b€31.9b8x8.3x1.1x
Mon, 18 Nov 2024€263.9b€230.5b€29.4b7.5x9x1.1x
Wed, 16 Oct 2024€272.6b€230.1b€27.5b9x9.9x1.2x
Fri, 13 Sep 2024€271.0b€230.1b€27.4b9.2x9.9x1.2x
Sun, 11 Aug 2024€251.9b€230.0b€27.4b8.6x9.2x1.1x
Tue, 09 Jul 2024€264.3b€224.7b€29.6b8.2x8.9x1.2x
Thu, 06 Jun 2024€279.6b€224.8b€29.6b8.6x9.5x1.2x
Sat, 04 May 2024€276.9b€225.3b€30.0b8.9x9.2x1.2x
Mon, 01 Apr 2024€279.0b€221.4b€28.1b9.1x9.9x1.3x
Wed, 28 Feb 2024€254.9b€244.5b€30.8b7.9x8.3x1x
Fri, 26 Jan 2024€280.3b€311.2b€36.0b9x7.8x0.9x
Sun, 24 Dec 2023€276.5b€311.6b€36.1b9x7.7x0.9x
Tue, 21 Nov 2023€258.8b€310.8b€36.8b8.4x7x0.8x
Thu, 19 Oct 2023€259.2b€309.6b€37.0b9x7x0.8x
Sat, 16 Sep 2023€275.6b€308.5b€37.0b9.3x7.5x0.9x
Mon, 14 Aug 2023€271.0b€309.4b€37.7b9.2x7.2x0.9x
Wed, 12 Jul 2023€264.8b€300.1b€29.7b9.4x8.9x0.9x
Fri, 09 Jun 2023€270.6b€300.1b€29.7b9.9x9.1x0.9x
Sun, 07 May 2023€278.4b€299.5b€28.8b9x9.7x0.9x
Tue, 04 Apr 2023€271.2b€293.0b€29.2b8.2x9.3x0.9x
Price to Earnings Ratio

9.3x


Total Market Cap: €271.2bTotal 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 10.9x 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
  • The earnings for companies in the Financials industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 6.5% 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 Market0.086%
Financials-0.12%
Insurance0.63%
Mortgage Finance0%0
Consumer Finance0%0
Capital Markets-0.16%
Banks-0.40%
Diversified Financial-0.75%
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 9.0%, 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 49% over the next 5 years.
  • This is better than its past earnings decline of 6.5% per year.
  • In contrast, the Insurance industry is expected to see its earnings grow by 6.0% 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
GLE Société Générale Société anonyme€62.282.1%
+€945.1m		46.4%PB0.6x
CS AXA€37.950.7%
+€513.8m		-5.1%PE10.7x
AMUN Amundi€72.651.5%
+€215.0m		-1.9%PE11x
TKO Tikehau Capital€15.623.2%
+€82.6m		-21.4%PE62.9x
ANTIN Antin Infrastructure Partners SAS€9.804.0%
+€67.9m		-8.6%PE16.4x

Latest News

BNP
€81.08
BNP Paribas
7D
-1.3%
1Y
3.2%
LTA
€24.80
Altamir
7D
-6.4%
1Y
2.5%
EDEN
€15.72
Edenred
7D
-12.6%
1Y
-49.3%
CS
€37.95
AXA
7D
0.7%
1Y
-5.1%

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
€15.87
Crédit Agricole
7D
-0.7%
1Y
-6.3%

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.
ANTIN
€9.80
Antin Infrastructure Partners SAS
7D
4.0%
1Y
-8.6%
TKO
€15.62
Tikehau Capital
7D
3.2%
1Y
-21.4%

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.
MF
€75.25
Wendel
7D
1.0%
1Y
-17.1%
COFA
€14.68
COFACE
7D
1.0%
1Y
-17.3%

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.
ENX
€132.40
Euronext
7D
-2.2%
1Y
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
€62.28
Société Générale Société anonyme
7D
2.1%
1Y
46.4%
CRTO
€125.98
Caisse Régionale de Crédit Agricole Mutuel de la Touraine et du Poitou Société Coopérative
7D
2.4%
1Y
46.9%
CRLA
€76.24
Caisse Régionale de Crédit Agricole Mutuel du Languedoc Société coopérative
7D
-4.7%
1Y
22.6%
AMUN
€72.65
Amundi
7D
1.5%
1Y
-1.9%

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
€110.00
Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France
7D
-1.6%
1Y
51.9%
VIL
€14.75
VIEL & Cie société anonyme
7D
-7.5%
1Y
12.6%