French (CAC) Industrials Sector Analysis

Sector Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Wed, 22 Jul 2026	€798.8b	€580.3b	€37.3b	20.7x	21.4x	1.4x
Fri, 19 Jun 2026	€836.8b	€580.3b	€37.3b	20.7x	22.4x	1.4x
Sun, 17 May 2026	€764.8b	€580.1b	€37.3b	22.3x	20.5x	1.3x
Tue, 14 Apr 2026	€801.4b	€580.4b	€37.4b	22.5x	21.4x	1.4x
Thu, 12 Mar 2026	€795.8b	€580.4b	€38.5b	21.1x	20.7x	1.4x
Sat, 07 Feb 2026	€814.1b	€573.0b	€33.4b	19x	24.4x	1.4x
Mon, 05 Jan 2026	€794.0b	€572.4b	€33.4b	18.8x	23.8x	1.4x
Wed, 03 Dec 2025	€762.2b	€576.1b	€33.3b	21.7x	22.9x	1.3x
Fri, 31 Oct 2025	€802.9b	€575.4b	€33.0b	23.7x	24.3x	1.4x
Sun, 28 Sep 2025	€784.3b	€573.2b	€32.9b	22.5x	23.9x	1.4x
Tue, 26 Aug 2025	€753.8b	€572.0b	€31.3b	21.2x	24.1x	1.3x
Thu, 24 Jul 2025	€758.7b	€554.3b	€25.3b	20.6x	29.9x	1.4x
Sat, 21 Jun 2025	€725.1b	€564.9b	€25.6b	19.5x	28.3x	1.3x
Mon, 19 May 2025	€729.9b	€565.0b	€25.6b	18.6x	28.5x	1.3x
Wed, 16 Apr 2025	€672.7b	€562.4b	€24.8b	17x	27.2x	1.2x
Fri, 14 Mar 2025	€712.7b	€576.8b	€24.1b	16.2x	29.5x	1.2x
Sun, 09 Feb 2025	€687.5b	€563.2b	€25.5b	16.5x	27x	1.2x
Tue, 07 Jan 2025	€659.5b	€561.9b	€25.0b	17.2x	26.4x	1.2x
Thu, 05 Dec 2024	€657.5b	€561.4b	€25.0b	16.4x	26.3x	1.2x
Sat, 02 Nov 2024	€642.7b	€529.5b	€24.9b	16.8x	25.9x	1.2x
Mon, 30 Sep 2024	€644.9b	€528.2b	€24.7b	16.7x	26.1x	1.2x
Wed, 28 Aug 2024	€626.1b	€522.2b	€26.2b	16.2x	23.9x	1.2x
Fri, 26 Jul 2024	€603.1b	€515.8b	€29.1b	17x	20.7x	1.2x
Sun, 23 Jun 2024	€621.6b	€514.1b	€28.8b	17.5x	21.6x	1.2x
Tue, 21 May 2024	€668.7b	€513.6b	€28.8b	18x	23.2x	1.3x
Thu, 18 Apr 2024	€630.7b	€508.8b	€29.2b	14.6x	21.6x	1.2x
Sat, 16 Mar 2024	€633.8b	€515.7b	€28.0b	13.4x	22.6x	1.2x
Mon, 12 Feb 2024	€597.9b	€513.4b	€28.1b	13.3x	21.3x	1.2x
Wed, 10 Jan 2024	€584.4b	€527.3b	€28.8b	14.6x	20.3x	1.1x
Fri, 08 Dec 2023	€576.4b	€527.4b	€28.8b	14.3x	20x	1.1x
Sun, 05 Nov 2023	€535.0b	€524.4b	€28.8b	12.8x	18.6x	1x
Tue, 03 Oct 2023	€539.6b	€520.7b	€28.7b	13.9x	18.8x	1x
Thu, 31 Aug 2023	€556.8b	€519.3b	€28.8b	15.6x	19.4x	1.1x
Sat, 29 Jul 2023	€567.6b	€506.7b	€27.9b	16.3x	20.3x	1.1x

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 23.5x.

The industry is trading close to its 3-year average PS ratio of 1.2x.

Past Earnings Growth

The earnings for companies in the Industrials industry have grown 10% per year over the last three years.
Revenues for these companies have grown 4.6% 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 Market	-0.13%
Industrials	-0.85%
Machinery	3.84%
Commercial Services	0.011%
Transportation	0.0057%
Airlines	0%	0
Construction	-0.20%
Professional Services	-0.45%
Aerospace & Defense	-0.53%
Building	-0.85%
Infrastructure	-0.91%
Logistics	-1.65%
Electrical	-1.89%
Trade Distributors	-2.83%
Industrials	-2.84%

Industry PE

Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 28.6x.

Analysts are expecting annual earnings growth of 14.1%, which is higher than its past year's earnings decline of 2.5% per year.

Forecasted Growth

Analysts are most optimistic on the Industrials industry, expecting annual earnings growth of 45% over the next 5 years.

In contrast, the Building industry is expected to see its earnings grow by 7.0% 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
HO Thales	€225.10	2.3% +€1.0b	-7.7%	PE27.6x
ALO Alstom	€15.97	4.7% +€330.4m	-23.9%	PE26.4x
EXENS Exosens	€60.40	6.3% +€182.5m	53.1%	PE43.6x
EN Bouygues	€47.75	1.0% +€177.3m	24.2%	PE15.3x
SPIE SPIE	€48.80	1.9% +€153.2m	3.8%	PE47.1x

AVEVA Group Limited entered into a definitive agreement to acquire Cognite AS from Aker ASA (OB:AKER), Accel Management Co, Inc., Technology Crossover Ventures XI, a fund managed by TCMI Inc. and others for an enterprise value of $3.1 billion.

AVEVA Group Limited entered into a definitive agreement to acquire Cognite AS from Aker ASA (OB:AKER), Accel Management Co, Inc., Technology Crossover Ventures XI, a fund managed by TCMI Inc. and others for an enterprise value of $3.1 billion on June 30, 2026. Under the terms of the agreement, AVEVA Group Limited will acquire 100% of Cognite AS share capital in an all-cash transaction. The estimated cash proceeds to Aker ASA including settlement of outstanding convertible loan is $1.48 billion (NOK 14.7 billion). The transaction considerably strengthens Aker’s financial position and investment capacity. Upon completion, Cognite will be integrated with AVEVA and will be fully consolidated and financially reported within Schneider Electric’s Industrial Automation business. Together, Cognite and AVEVA will form a unified platform built for the next phase of intelligence for industrial AI. For the period ended December 31, 2025, Cognite AS reported a revenue of $170 million. The transaction remains subject to customary closing conditions, including the receipt of required regulatory approvals. The transaction is expected to be completed in the coming quarters. Dominic Blaxill, Stanislav Shishkin, Timothy McIver, Anne-Mette Heemsoth and Robert Maddox of Debevoise & Plimpton LLP and Spencer Gilbert, Samuel Krawiecz, Ted Hassi, Simone Hicks and Jessica Siegel of Debevoise & Plimpton LLP acted as legal advisor to Schneider Electric S.E. Mark Holloway, Marty Korman, Jamillia Ferris, Brendan Coffman, Kimberley Biagioli, James Clessuras, Scott McKinney, Rob Parr, Andrew Poling, Rodrigo Valle, Demian Ahn, Matthew Staples, Aaron Hendelman, Christine Au-Yeung, Sriram Krishnamurthy, Ryan Greecher, Josephine Aiello LeBeau, Stephen Heifetz, Joshua Gruenspecht, Seth Cowell, Anne Seymour, Waqas Shahid, Myra Sutanto Shen, Joy Cheng and Eva Yin of Wilson Sonsini Goodrich & Rosati, P.C., Ross Davies, Sarahanne Jackson, Michael Labriola, Andrew Morrison, Fleur Benns, Martin Luff, Mike Casey, Jack Davies and Emma Game of Wilson Sonsini Goodrich & Rosati (UK), LLP and Deirdre Carroll and Nikolaos Theodorakis of Wilson Sonsini Goodrich & Rosati acted as legal advisor to Cognite AS, Aker ASA, Accel Management Co, Inc. and TCMI Inc.

French (CAC) Industrials Sector Analysis

Sector Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

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