Narrative Update • Jul 02
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French (CAC) Capital Markets Industry Analysis
UpdatedJul 06, 2026
DataAggregated Company Financials
Companies20
- 7D5.3%
- 3M9.5%
- 1Y7.5%
- YTD14.8%
Over the last 7 days, the Capital Markets industry has risen 5.3%, driven by gains from Amundi of 8.4%. This takes the industry's 12 month performance to a gain of 7.5%. Looking forward, earnings are forecast to grow by 5.6% annually.
Industry Valuation and Performance
Has the French Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 07 Jul 2026 | €39.7b | €11.0b | €2.7b | 12.6x | 14.9x | 3.6x |
| Thu, 04 Jun 2026 | €37.6b | €11.0b | €2.7b | 13.8x | 14.1x | 3.4x |
| Sat, 02 May 2026 | €38.4b | €11.0b | €2.6b | 20.1x | 14.5x | 3.5x |
| Mon, 30 Mar 2026 | €34.7b | €7.4b | €2.3b | 18.7x | 14.9x | 4.7x |
| Wed, 25 Feb 2026 | €36.2b | €7.6b | €2.4b | 19x | 14.9x | 4.8x |
| Fri, 23 Jan 2026 | €34.2b | €11.0b | €2.7b | 17.2x | 12.5x | 3.1x |
| Sun, 21 Dec 2025 | €33.4b | €11.0b | €2.7b | 16.9x | 12.3x | 3x |
| Tue, 18 Nov 2025 | €32.6b | €11.0b | €2.7b | 16.8x | 12x | 3x |
| Thu, 16 Oct 2025 | €34.8b | €11.0b | €2.8b | 18x | 12.3x | 3.2x |
| Sat, 13 Sep 2025 | €35.3b | €11.0b | €2.8b | 19.6x | 12.5x | 3.2x |
| Mon, 11 Aug 2025 | €36.0b | €11.0b | €2.8b | 19.9x | 12.8x | 3.3x |
| Wed, 09 Jul 2025 | €37.6b | €10.8b | €2.4b | 23.1x | 15.9x | 3.5x |
| Fri, 06 Jun 2025 | €38.3b | €10.8b | €2.4b | 21.3x | 16.2x | 3.5x |
| Sun, 04 May 2025 | €37.5b | €10.8b | €2.4b | 13.9x | 15.9x | 3.5x |
| Tue, 01 Apr 2025 | €36.3b | €7.6b | €2.4b | 14.2x | 14.9x | 4.8x |
| Thu, 27 Feb 2025 | €35.1b | €7.5b | €2.5b | 16.8x | 14.3x | 4.7x |
| Sat, 25 Jan 2025 | €33.1b | €10.0b | €2.3b | 16.1x | 14.3x | 3.3x |
| Mon, 23 Dec 2024 | €32.1b | €10.0b | €2.3b | 15.4x | 13.9x | 3.2x |
| Wed, 20 Nov 2024 | €32.2b | €10.0b | €2.3b | 14.5x | 13.9x | 3.2x |
| Fri, 18 Oct 2024 | €34.2b | €9.8b | €2.3b | 17.1x | 15.1x | 3.5x |
| Sun, 15 Sep 2024 | €33.8b | €9.8b | €2.3b | 19.5x | 14.6x | 3.5x |
| Tue, 13 Aug 2024 | €31.9b | €9.7b | €2.3b | 23.8x | 14.1x | 3.3x |
| Thu, 11 Jul 2024 | €31.8b | €9.6b | €2.2b | 22x | 14.3x | 3.3x |
| Sat, 08 Jun 2024 | €32.3b | €9.7b | €2.2b | 18.3x | 14.5x | 3.3x |
| Mon, 06 May 2024 | €31.8b | €10.3b | €2.3b | 17.3x | 13.7x | 3.1x |
| Wed, 03 Apr 2024 | €30.7b | €7.5b | €2.4b | 17.6x | 13x | 4.1x |
| Fri, 01 Mar 2024 | €30.6b | €7.4b | €2.3b | 17.7x | 13.4x | 4.1x |
| Sun, 28 Jan 2024 | €35.0b | €12.8b | €2.5b | 26.9x | 14.1x | 2.7x |
| Tue, 26 Dec 2023 | €33.3b | €12.8b | €2.5b | 27.6x | 13.4x | 2.6x |
| Thu, 23 Nov 2023 | €31.2b | €12.8b | €2.5b | 29.9x | 12.5x | 2.4x |
| Sat, 21 Oct 2023 | €29.1b | €12.8b | €2.4b | 28.9x | 12x | 2.3x |
| Mon, 18 Sep 2023 | €30.8b | €12.6b | €2.4b | 23.2x | 13x | 2.4x |
| Wed, 16 Aug 2023 | €31.0b | €12.6b | €2.3b | 16.1x | 13.4x | 2.5x |
| Fri, 14 Jul 2023 | €32.5b | €12.8b | €2.5b | 13.8x | 12.9x | 2.5x |
Price to Earnings Ratio
12.9x
Current Industry PE
- Investors are relatively neutral on the French Capital Markets 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 13.8x.
- The industry is trading close to its 3-year average PS ratio of 3.4x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have declined 4.8% 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 industry?
| FR Market | 1.66% | |
| Financials | 1.57% | |
| Capital Markets | 5.33% | |
| Financial Exchanges and Data | 5.80% | |
| Asset Management | 5.20% | |
| Investment Banking and Brokerage | 2.57% | |
| Diversified Capital Markets | 0% | 0 |
Industry PE
- Investors are most optimistic about the Financial Exchanges and Data industry which is trading above its 3-year average PE ratio of 19.6x.
- Analysts are expecting annual earnings growth of 6.5%, which is lower than the prior year's growth of 9.8% per year.
- Investors are most pessimistic about the Investment Banking and Brokerage industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 8.3x.
Forecasted Growth
- Analysts are most optimistic on the Investment Banking and Brokerage industry, expecting annual earnings growth of 6.5% over the next 5 years.
- This is better than its past earnings growth rate of 3.9% per year.
- In contrast, the Asset Management industry is expected to see its earnings grow by 5.1% 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 | |
|---|---|---|---|---|---|
| AMUN Amundi | €89.45 | 8.4% +€1.4b | 29.5% | PE11.1x | |
| ENX Euronext | €148.90 | 6.7% +€945.9m | 0.5% | PE22.6x | |
| TKO Tikehau Capital | €17.42 | 5.2% +€148.8m | -9.9% | PE70.6x | |
| LTA Altamir | €24.40 | 7.0% +€58.4m | -14.7% | PB0.8x | |
| VIL VIEL & Cie société anonyme | €18.58 | 5.1% +€56.3m | 26.4% | PE9.2x |
