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French (CAC) Industrials Sector Analysis

UpdatedFeb 27, 2026
DataAggregated Company Financials
Companies112
  • 7D1.2%
  • 3M10.1%
  • 1Y21.9%
  • YTD7.9%

Over the last 7 days, the Industrials industry has dropped 1.1%, driven by a pullback from Thales of 3.5%. On the other hand Schneider Electric is actually up 5.2%. In the past year, the industry has gained 20%. Earnings are forecast to grow by 10% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 27 Feb 2026€854.1b€578.7b€37.7b19.8x22.7x1.5x
Sun, 25 Jan 2026€798.0b€573.0b€33.4b19.4x23.9x1.4x
Tue, 23 Dec 2025€781.5b€575.8b€33.3b19.7x23.4x1.4x
Thu, 20 Nov 2025€769.5b€576.0b€33.3b20.2x23.1x1.3x
Sat, 18 Oct 2025€790.7b€573.2b€32.9b24.4x24x1.4x
Mon, 15 Sep 2025€778.4b€572.9b€31.1b19.1x25x1.4x
Wed, 13 Aug 2025€764.2b€571.9b€31.3b20.5x24.4x1.3x
Fri, 11 Jul 2025€761.0b€564.3b€25.6b22.2x29.7x1.3x
Sun, 08 Jun 2025€746.6b€564.9b€25.6b17.9x29.2x1.3x
Tue, 06 May 2025€717.8b€564.0b€25.2b18x28.5x1.3x
Thu, 03 Apr 2025€706.4b€562.5b€24.8b16.5x28.5x1.3x
Sat, 01 Mar 2025€703.8b€572.9b€23.7b17.9x29.7x1.2x
Mon, 27 Jan 2025€694.1b€561.4b€25.0b16x27.8x1.2x
Wed, 25 Dec 2024€642.0b€562.1b€25.0b16.9x25.7x1.1x
Fri, 22 Nov 2024€644.5b€562.8b€25.1b16.4x25.7x1.1x
Sun, 20 Oct 2024€654.6b€527.8b€24.7b16.5x26.5x1.2x
Tue, 17 Sep 2024€624.1b€523.3b€26.2b15.1x23.8x1.2x
Thu, 15 Aug 2024€608.7b€522.2b€26.2b16.6x23.2x1.2x
Sat, 13 Jul 2024€625.0b€514.1b€28.8b18.2x21.7x1.2x
Mon, 10 Jun 2024€651.0b€514.1b€28.8b18.1x22.6x1.3x
Wed, 08 May 2024€649.6b€513.0b€29.1b15.2x22.3x1.3x
Fri, 05 Apr 2024€644.8b€508.9b€29.2b14.5x22.1x1.3x
Sun, 03 Mar 2024€615.6b€518.4b€28.2b13.6x21.8x1.2x
Tue, 30 Jan 2024€602.1b€527.3b€28.8b15.6x20.9x1.1x
Thu, 28 Dec 2023€587.0b€527.4b€28.8b14.7x20.4x1.1x
Sat, 25 Nov 2023€564.3b€528.9b€28.8b14x19.6x1.1x
Mon, 23 Oct 2023€506.2b€520.8b€28.7b12.6x17.6x1x
Wed, 20 Sep 2023€546.9b€520.5b€28.7b14.9x19.1x1.1x
Fri, 18 Aug 2023€541.6b€519.3b€28.8b15.5x18.8x1x
Sun, 16 Jul 2023€558.7b€500.4b€22.1b16.6x25.2x1.1x
Tue, 13 Jun 2023€555.8b€500.4b€21.9b17.7x25.4x1.1x
Thu, 11 May 2023€542.1b€496.5b€21.9b16x24.7x1.1x
Sat, 08 Apr 2023€535.9b€495.5b€22.1b18.4x24.2x1.1x
Mon, 06 Mar 2023€555.4b€492.6b€6.7b19x83.4x1.1x
Price to Earnings Ratio

83.4x


Total Market Cap: €555.4bTotal Earnings: €6.7bTotal Revenue: €492.6bTotal Market Cap vs Earnings and Revenue0%0%0%
French Industrials Sector Price to Earnings3Y Average 24.8x202420252026
Current Industry PE
  • Investors are relatively neutral on the French Industrials 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 24.8x.
  • 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 Industrials industry have grown 78% per year over the last three years.
  • Revenues for these companies have grown 5.4% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

FR Market2.31%
Industrials1.17%
Professional Services5.05%
Electrical4.21%
Construction2.50%
Transportation1.26%
Trade Distributors0.66%
Infrastructure0.26%
Airlines0%0
Commercial Services-0.17%
Aerospace & Defense-0.32%
Logistics-0.35%
Industrials-0.40%
Building-0.78%
Machinery-3.82%
Industry PE
  • Investors are most optimistic about the Industrials industry which is trading above its 3-year average PE ratio of 13.5x.
    • Analysts are expecting annual earnings growth of 60.0% and investors are willing to pay a premium for that growth.
  • Investors are most pessimistic about the Logistics industry, which is trading below its 3-year average of 33.9x.
Forecasted Growth
  • Analysts are most optimistic on the Industrials industry, expecting annual earnings growth of 60% over the next 5 years.
  • In contrast, the Building industry is expected to see its earnings grow by 7.4% 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
SU Schneider Electric€272.905.2%
+€7.6b		16.0%PE35.7x
SAF Safran€346.601.3%
+€1.9b		39.5%PE20.1x
DG Vinci€142.352.1%
+€1.6b		28.8%PE16.1x
BVI Bureau Veritas€29.346.5%
+€798.4m		-0.3%PE22.1x
EN Bouygues€52.723.5%
+€681.8m		59.5%PE19.3x

Latest News

DG
€142.35
Vinci
7D
2.1%
1Y
28.8%
FGR
€146.35
Eiffage
7D
3.5%
1Y
51.3%
BVI
€29.34
Bureau Veritas
7D
6.5%
1Y
-0.3%
EN
€52.72
Bouygues
7D
3.5%
1Y
59.5%
SU
€272.90
Schneider Electric
7D
5.2%
1Y
16.0%

SU: Conviction List Support And Software Advances Will Shape Measured Upside

Analysts have lifted their average price target for Schneider Electric to €290 from €275, citing recent target hikes from multiple banks and its addition to a European conviction list as support for the revised view. Analyst Commentary Bullish Takeaways Bullish analysts point to the higher €290 target as a signal of increased confidence in Schneider Electric's ability to execute on its current plan, with recent research framing the company as better aligned with their return expectations.
HO
€254.20
Thales
7D
-3.5%
1Y
31.5%

HO: Local Champion Positioning In Defense And Technology Will Drive Upside Potential

Analysts have raised their fair value estimate for Thales from €281.22 to €285.67, citing recent upgrades and higher price targets. These changes reflect more constructive views on its role as a European defense and technology "local champion," with a portfolio they consider better positioned relative to peers.
ADP
€119.00
Aeroports de Paris
7D
-1.2%
1Y
20.4%

ADP: Mixed Price Signals And Traffic Trends Will Guide Future P/E Expectations

Analysts have nudged their price target on Aeroports de Paris slightly higher, with a blended view moving from about €122 to roughly €122.50. This reflects mixed Street updates that balance a recent increase to €138 with a separate €14 cut from another firm.
NEX
€121.40
Nexans
7D
-4.1%
1Y
20.0%
LR
€153.95
Legrand
7D
1.7%
1Y
44.7%

LR: AI Hardware Shift Will Test Yet Support Future Cash Generation

Our analyst price target for Legrand increases from €167 to €176, reflecting a combination of higher Street targets from several banks and ongoing valuation caution highlighted by recent downgrades to Hold and Neutral. Analyst Commentary Street research on Legrand is mixed, but there is a clear pocket of optimism from bullish analysts who are lifting targets and keeping positive ratings, even as others flag valuation and industry risks.
ELIS
€27.00
Elis
7D
-2.5%
1Y
37.6%

ELIS: Sector Coverage And Peer Discount Will Support A Balanced Fair Value View

Analysts have inched their average price target for Elis to about €28, a marginal adjustment that reflects fresh coverage and updated views that the shares are broadly fairly valued, even though some see the company trading at a discount to U.S. peers. Analyst Commentary Recent research paints a fairly balanced picture of Elis, with most views clustering around the idea that the shares are close to fair value at current levels, even if they trade at a discount to U.S. peers.
AM
€337.00
Dassault Aviation société anonyme
7D
-3.7%
1Y
36.0%

AM: Market Perform Downgrade And Execution Risks Will Pressure Future Returns

Analysts have nudged their price targets for Dassault Aviation société anonyme higher, with recent increases of €10 and €29, and a move to €310. These changes are based on finely tuned assumptions on discount rate, revenue growth, profit margin and future P/E, while incorporating a more mixed sector view reflected in a downgrade to Market Perform.
SAF
€346.60
Safran
7D
1.3%
1Y
39.5%

SAF: UK R&T Expansion And Dividend Policy Will Support Future Repricing

Analysts have raised their fair value estimate for Safran from €382 to €416, citing updated assumptions on margins, growth, and P/E, which align with a recent increase in the Street's price target to €342. Analyst Commentary Bullish analysts are pointing to recent price target revisions as a sign of growing confidence in Safran's ability to support higher valuation assumptions, especially as estimates for margins, growth, and P/E are refreshed.
AIR
€186.74
Airbus
7D
-0.2%
1Y
13.1%
SGO
€86.86
Compagnie de Saint-Gobain
7D
-0.8%
1Y
-8.5%

SGO: U.S. Headwinds Will Pressure Earnings And Limit Future Upside

Analysts have revised their price target for Compagnie de Saint-Gobain to €78 from €92, reflecting updated views on softer U.S. conditions and a slower than hoped for European recovery. Analyst Commentary Bearish analysts are flagging that the revised €78 price target signals a more cautious stance on what the company can deliver in the current set of U.S. and European conditions, particularly as previous expectations had been anchored at €92.
SPIE
€52.65
SPIE
7D
2.5%
1Y
54.4%

SPIE: European Energy Storage Agreement Will Support Higher Margins And Upside Potential

Analysts have kept their €60.0 price target for SPIE unchanged, reflecting only minor tweaks to assumptions around discount rate, revenue growth, profit margins and future P/E, rather than a shift in their overall view of the shares. What's in the News SPIE signed a European framework agreement with Tesla for battery energy storage system (BESS) projects, with a renewable three year term covering group subsidiaries that have BESS installation expertise (Key Developments).
ALO
€28.15
Alstom
7D
-4.8%
1Y
36.0%

ALO: Order Execution Risks Will Drive Future P/E Compression Concerns

Alstom's analyst price targets have edged higher to around €26.18, with analysts pointing to updated fair value assumptions, a slightly lower discount rate, modestly adjusted revenue growth and profit margin expectations, and a small shift in assumed future P/E multiples as key drivers of the change. Analyst Commentary Bullish Takeaways Bullish analysts are lifting price targets, with some moving toward the low €30s, which signals a view that the current share price may not fully reflect their assumptions for earnings power and valuation multiples.