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French (CAC) Industrials Sector Analysis

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies111
  • 7D2.8%
  • 3M3.0%
  • 1Y24.4%
  • YTD2.8%

The Industrials industry is up 2.8% in the last week, with Airbus up 5.6%. In the last 12 months, the industry was up 24%. Looking forward, earnings are forecast to grow by 13% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 11 Jan 2026€812.6b€572.4b€33.4b18.7x24.3x1.4x
Tue, 09 Dec 2025€776.9b€575.8b€33.4b21.7x23.3x1.3x
Thu, 06 Nov 2025€795.5b€575.4b€33.1b22.8x24x1.4x
Sat, 04 Oct 2025€809.0b€573.2b€32.9b25.7x24.6x1.4x
Mon, 01 Sep 2025€737.5b€572.8b€31.2b20.4x23.7x1.3x
Wed, 30 Jul 2025€768.3b€565.8b€25.5b18.9x30.2x1.4x
Fri, 27 Jun 2025€740.9b€564.9b€25.6b19.2x28.9x1.3x
Sun, 25 May 2025€725.5b€565.0b€25.6b19.4x28.4x1.3x
Tue, 22 Apr 2025€662.8b€562.6b€24.8b17.1x26.8x1.2x
Thu, 20 Mar 2025€748.5b€561.9b€24.9b16.8x30.1x1.3x
Sat, 15 Feb 2025€705.0b€564.1b€25.1b18.2x28x1.2x
Mon, 13 Jan 2025€657.2b€561.4b€25.0b15.7x26.3x1.2x
Wed, 11 Dec 2024€651.3b€561.4b€25.0b16.2x26x1.2x
Fri, 08 Nov 2024€656.0b€531.5b€25.0b16.4x26.2x1.2x
Sun, 06 Oct 2024€625.6b€527.9b€24.7b16.7x25.3x1.2x
Tue, 03 Sep 2024€630.1b€523.2b€26.2b16.4x24x1.2x
Thu, 01 Aug 2024€625.9b€517.6b€28.3b16.8x22.1x1.2x
Sat, 29 Jun 2024€594.4b€514.1b€28.8b17x20.6x1.2x
Mon, 27 May 2024€655.6b€508.7b€28.1b17x23.3x1.3x
Wed, 24 Apr 2024€635.9b€508.5b€29.2b15.2x21.8x1.3x
Fri, 22 Mar 2024€647.7b€508.8b€29.2b13.5x22.2x1.3x
Sun, 18 Feb 2024€602.8b€517.2b€28.2b13.4x21.4x1.2x
Tue, 16 Jan 2024€594.3b€527.3b€28.8b14.9x20.7x1.1x
Thu, 14 Dec 2023€583.6b€527.3b€28.8b13.9x20.3x1.1x
Sat, 11 Nov 2023€542.0b€528.5b€28.8b13.4x18.8x1x
Mon, 09 Oct 2023€524.2b€520.7b€28.7b13.3x18.3x1x
Wed, 06 Sep 2023€552.4b€520.3b€28.8b15.6x19.2x1.1x
Fri, 04 Aug 2023€553.6b€519.3b€28.7b16.2x19.3x1.1x
Sun, 02 Jul 2023€562.7b€500.3b€21.9b16.2x25.7x1.1x
Tue, 30 May 2023€548.8b€500.3b€21.9b17.8x25.1x1.1x
Thu, 27 Apr 2023€543.2b€496.1b€22.2b15.9x24.5x1.1x
Sat, 25 Mar 2023€520.4b€495.7b€22.1b17.8x23.6x1x
Mon, 20 Feb 2023€554.2b€475.4b€4.0b20.1x137.5x1.2x
Wed, 18 Jan 2023€525.8b€461.8b€2.8b19x188.5x1.1x
Price to Earnings Ratio

188.5x


Total Market Cap: €525.8bTotal Earnings: €2.8bTotal Revenue: €461.8bTotal Market Cap vs Earnings and Revenue0%0%0%
French Industrials Sector Price to Earnings3Y Average 31x202420252026
Current Industry PE
  • Investors are pessimistic on the French Industrials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 24.3x which is lower than its 3-year average PE of 31.0x.
  • 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 Industrials industry have grown 129% per year over the last three years.
  • Revenues for these companies have grown 7.4% 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 Market2.46%
Industrials2.77%
Aerospace & Defense6.19%
Industrials3.79%
Infrastructure3.65%
Professional Services2.65%
Logistics2.31%
Commercial Services2.02%
Transportation1.11%
Construction0.16%
Airlines0%0
Machinery-0.56%
Electrical-0.78%
Trade Distributors-1.90%
Building-2.71%
Industry PE
  • Investors are most optimistic about the Industrials industry which is trading above its 3-year average PE ratio of 11.6x.
    • 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 33.6x.
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 7.6% 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
AIR Airbus€215.105.6%
+€9.0b		36.5%PE33.5x
HO Thales€266.0013.2%
+€6.4b		84.5%PE52.2x
SAF Safran€317.303.3%
+€4.2b		44.0%PE30.6x
AM Dassault Aviation société anonyme€308.6010.1%
+€2.2b		49.7%PE30.9x
ADP Aeroports de Paris€116.203.9%
+€434.5m		8.1%PE123.4x

Latest News

EXENS
€56.50
Exosens
7D
13.0%
1Y
152.2%

EXENS: Future Defense Contracts Will Expose Overvaluation Risk Despite Extended Supply Agreement

Analysts have raised their price target on Exosens to about $38.30 from $33.50, citing updated assumptions for fair value, discount rate, revenue, profit margin and future P/E that they see as better reflecting the company’s current outlook. What's in the News Theon International completed the acquisition of a 9.8% stake in Exosens from Invest Gamma, HLD Europe S.C.A. and Invest Prince Henri SCA for about €268.7 million at €54 per share.
RXL
€33.12
Rexel
7D
-2.2%
1Y
36.1%

RXL: Share Momentum Will Weaken As Residential Recovery Expectations Prove Overstated

Our price target for Rexel is unchanged even as recent Street research has nudged individual targets higher, with analysts citing valuation constraints, softer assumptions for growth and margins, and a higher implied P/E multiple in their updated views. Analyst Commentary Recent Street research on Rexel shows a split view, with JPMorgan lifting its price target to €41.80 and keeping an Overweight stance, while several Bearish analysts are turning more cautious even as they edge price targets higher.
SU
€235.45
Schneider Electric
7D
-0.7%
1Y
-6.0%

SU: Data Center Supply Agreements Will Drive Outperformance Over The Next Two Years

Analysts have adjusted their price target on Schneider Electric slightly higher to reflect updated fair value estimates and revised assumptions for the discount rate, revenue growth, profit margin and future P/E, resulting in a modest uplift in their implied valuation in currency terms. What's in the News Digital Realty signed a $373 million Supply Capacity Agreement with Schneider Electric for UPS, low voltage switchgear and prefabricated skids, aiming to secure capacity and supply chain resilience for growing data center demand (Key Developments).
AM
€308.60
Dassault Aviation société anonyme
7D
10.1%
1Y
49.7%

AM: Execution On Defense Programs Will Support Future Earnings Trajectory

Analysts trimmed their price target on Dassault Aviation société anonyme from about €383 to roughly €379, citing a more cautious stance on European defense names and a shift in preference toward larger local champions with broader portfolios. Analyst Commentary Recent commentary around Dassault Aviation société anonyme reflects a more cautious tone on European defense, with some experts expecting share performance across the sector to be more mixed this year.
SAF
€317.30
Safran
7D
3.3%
1Y
44.0%

SAF: Elevated Margin Hurdles Will Pressure Outlook Despite UK Expansion

Our analyst price target for Safran has edged slightly lower to €265 from €268, even as Street analysts lift their targets to a range of €350 to €360 on the back of updated guidance and implied EBIT strength. This relies on higher profit margins and a modestly lower future P/E multiple in our model.
SGO
€84.60
Compagnie de Saint-Gobain
7D
-2.8%
1Y
0.6%

SGO: Cautious Earnings Outlook Will Contrast With Bullish View On LSE Delisting

The analyst price target for Compagnie de Saint-Gobain is updated to €133.64 from €136.40. This reflects analysts' more cautious view as they factor in softer assumptions on growth, margins and P/E multiples, alongside recent Street target cuts citing U.S. headwinds and a slow European recovery.
ADP
€116.20
Aeroports de Paris
7D
3.9%
1Y
8.1%
AIR
€215.10
Airbus
7D
5.6%
1Y
36.5%

AIR: Delivery Execution And New Orders Will Support Steady Future Cash Generation

Our Airbus fair value estimate edges slightly lower to €224.25, even as analysts lift price targets into a €205 to €240 range, based on better than expected Q3 results, solid margins, strong free cash flow, and reiterated guidance that now factors in tariff and headwind costs. Analyst Commentary Recent Street research on Airbus clusters around a higher valuation range, with several firms lifting price targets following the latest Q3 update, stronger than expected profitability metrics, and reaffirmed guidance that now explicitly includes tariff and headwind costs.
HO
€266.00
Thales
7D
13.2%
1Y
84.5%
ALO
€25.55
Alstom
7D
-0.5%
1Y
29.1%

ALO: Execution Risks Will Likely Restrain Upside Despite Raised Expectations

Alstom's analyst fair value estimate has been revised from €12.11 to €13.18 as analysts factor in updated expectations for revenue growth, profit margins, and a slightly higher future P/E multiple following recent price target increases to €20, €27, and €28.80. Analyst Commentary Recent research on Alstom points to a mix of confidence in the equity story and caution around how much is already reflected in valuation.
DG
€121.00
Vinci
7D
-0.1%
1Y
22.1%

Vinci (EPA:DG) Shareholders Will Want The ROCE Trajectory To Continue

Jan 04
Vinci (EPA:DG) Shareholders Will Want The ROCE Trajectory To Continue
AF
€11.36
Air France-KLM
7D
-7.5%
1Y
56.2%

Should You Think About Buying Air France-KLM SA (EPA:AF) Now?

Jan 04
Should You Think About Buying Air France-KLM SA (EPA:AF) Now?
BVI
€27.72
Bureau Veritas
7D
3.3%
1Y
-6.8%

Do Bureau Veritas' (EPA:BVI) Earnings Warrant Your Attention?

Jan 03
Do Bureau Veritas' (EPA:BVI) Earnings Warrant Your Attention?
LR
€126.50
Legrand
7D
-1.0%
1Y
31.9%

LR: Expanding Data Center Exposure Will Drive Stronger Long-Term Cash Generation

Our analyst fair value estimate for Legrand has inched up to EUR 167 from EUR 165 as analysts factor in improving cash generation, stronger data center driven growth prospects, and slightly higher expected margins, partially offset by a modestly higher discount rate. Analyst Commentary Recent Street research reflects a generally constructive stance on Legrand, with a series of rating changes and price target revisions clustering around the EUR 150 to EUR 167 range.
NEX
€125.60
Nexans
7D
-2.1%
1Y
36.4%

Is It Too Late To Consider Buying Nexans S.A. (EPA:NEX)?

Dec 22
Is It Too Late To Consider Buying Nexans S.A. (EPA:NEX)?
EXA
€110.60
Exail Technologies
7D
30.0%
1Y
472.5%