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French (CAC) Industrials Sector Analysis

UpdatedFeb 22, 2026
DataAggregated Company Financials
Companies112
  • 7D2.0%
  • 3M12.3%
  • 1Y21.3%
  • YTD7.8%

The Industrials industry is up 2.0% in the last week, with Safran up 4.1%. This takes the industry's 12 month performance to a gain of 21%. As for the next few years, earnings are expected to grow by 10.0% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Feb 2026€853.1b€577.1b€37.0b19.1x23x1.5x
Tue, 20 Jan 2026€800.6b€573.0b€33.4b19.7x23.9x1.4x
Thu, 18 Dec 2025€768.2b€575.8b€33.3b19.6x23x1.3x
Sat, 15 Nov 2025€784.0b€576.1b€33.3b22x23.6x1.4x
Mon, 13 Oct 2025€789.3b€573.2b€32.9b24.5x24x1.4x
Wed, 10 Sep 2025€753.9b€573.0b€31.1b23x24.2x1.3x
Fri, 08 Aug 2025€756.5b€571.9b€31.3b20.8x24.2x1.3x
Sun, 06 Jul 2025€743.7b€564.3b€25.6b22.1x29x1.3x
Tue, 03 Jun 2025€738.2b€564.9b€25.6b18.5x28.8x1.3x
Thu, 01 May 2025€691.5b€562.6b€24.8b17x27.9x1.2x
Sat, 29 Mar 2025€716.6b€562.1b€24.8b16.9x28.9x1.3x
Mon, 24 Feb 2025€706.5b€570.5b€23.7b18.1x29.8x1.2x
Wed, 22 Jan 2025€682.7b€561.4b€25.0b16.2x27.3x1.2x
Fri, 20 Dec 2024€646.6b€562.1b€25.0b17.2x25.8x1.2x
Sun, 17 Nov 2024€648.0b€562.8b€25.1b16.7x25.8x1.2x
Tue, 15 Oct 2024€635.5b€527.8b€24.7b16.5x25.7x1.2x
Thu, 12 Sep 2024€611.8b€523.4b€26.2b16.4x23.4x1.2x
Sat, 10 Aug 2024€601.3b€522.2b€26.2b16.3x23x1.2x
Mon, 08 Jul 2024€619.1b€514.1b€28.8b18.2x21.5x1.2x
Wed, 05 Jun 2024€652.3b€513.9b€28.8b17.5x22.7x1.3x
Fri, 03 May 2024€631.6b€509.8b€29.3b15.3x21.6x1.2x
Sun, 31 Mar 2024€651.0b€508.9b€29.2b14.3x22.3x1.3x
Tue, 27 Feb 2024€612.5b€517.5b€28.2b13.2x21.7x1.2x
Thu, 25 Jan 2024€598.1b€527.3b€28.8b15.5x20.8x1.1x
Sat, 23 Dec 2023€585.6b€527.4b€28.8b14.6x20.4x1.1x
Mon, 20 Nov 2023€559.7b€528.9b€28.8b14x19.4x1.1x
Wed, 18 Oct 2023€525.8b€520.8b€28.7b13.2x18.3x1x
Fri, 15 Sep 2023€551.5b€520.7b€28.8b15.5x19.2x1.1x
Sun, 13 Aug 2023€554.4b€519.3b€28.8b15.8x19.3x1.1x
Tue, 11 Jul 2023€546.4b€500.4b€21.9b16.2x25x1.1x
Thu, 08 Jun 2023€547.0b€500.4b€21.9b17.9x25x1.1x
Sat, 06 May 2023€543.1b€496.3b€22.2b16.3x24.5x1.1x
Mon, 03 Apr 2023€542.6b€495.3b€22.1b18.2x24.5x1.1x
Wed, 01 Mar 2023€550.9b€492.0b€6.6b19.7x82.9x1.1x
Price to Earnings Ratio

82.9x


Total Market Cap: €550.9bTotal Earnings: €6.6bTotal Revenue: €492.0bTotal Market Cap vs Earnings and Revenue0%0%0%
French Industrials Sector Price to Earnings3Y Average 25.1x202420252026
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 25.2x.
  • 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 5.5% 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 Market2.63%
Industrials2.05%
Construction3.81%
Machinery3.67%
Commercial Services3.66%
Transportation3.46%
Aerospace & Defense2.73%
Trade Distributors1.64%
Infrastructure1.55%
Logistics1.36%
Professional Services1.10%
Electrical0.11%
Airlines0%0
Building-0.68%
Industrials-0.99%
Industry PE
  • Investors are most optimistic about the Industrials industry which is trading above its 3-year average PE ratio of 13.2x.
    • 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
SAF Safran€346.404.1%
+€5.7b		41.9%PE20.1x
HO Thales€264.407.8%
+€3.9b		45.1%PE51.9x
DG Vinci€140.103.5%
+€2.6b		29.1%PE15.8x
AM Dassault Aviation société anonyme€353.407.2%
+€1.8b		51.0%PE35.3x
LR Legrand€154.003.2%
+€1.2b		39.6%PE32.4x

Latest News

NEX
€126.10
Nexans
7D
-8.4%
1Y
18.6%
SAF
€346.40
Safran
7D
4.1%
1Y
41.9%

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
€189.74
Airbus
7D
-1.4%
1Y
18.6%
SGO
€90.24
Compagnie de Saint-Gobain
7D
-0.7%
1Y
-4.4%

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.
ALO
€29.84
Alstom
7D
4.0%
1Y
48.5%

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.
EN
€51.24
Bouygues
7D
4.4%
1Y
59.7%

EN: Execution And Capital Discipline Will Support A Constructive Re Rating Outlook

Analysts have nudged their average price target on Bouygues higher to €47.80, with recent target increases from Citi and Morgan Stanley and a new bullish initiation helping to support slightly stronger assumptions for revenue growth, profit margins and a lower future price-to-earnings (P/E) multiple. Analyst Commentary Recent research on Bouygues has leaned more constructive, with bullish analysts pointing to a mix of valuation support and execution on core businesses as key reasons for their stance.
LR
€154.00
Legrand
7D
3.2%
1Y
39.6%

Legrand (EPA:LR) Has Announced That It Will Be Increasing Its Dividend To €2.38

Feb 15
Legrand (EPA:LR) Has Announced That It Will Be Increasing Its Dividend To €2.38
ALDLT
€51.60
Delta Plus Group
7D
-6.2%
1Y
-12.8%

There Are Reasons To Feel Uneasy About Delta Plus Group's (EPA:ALDLT) Returns On Capital

Feb 12
There Are Reasons To Feel Uneasy About Delta Plus Group's (EPA:ALDLT) Returns On Capital
DG
€140.10
Vinci
7D
3.5%
1Y
29.1%

Earnings Update: Vinci SA (EPA:DG) Just Reported Its Yearly Results And Analysts Are Updating Their Forecasts

Feb 11
Earnings Update: Vinci SA (EPA:DG) Just Reported Its Yearly Results And Analysts Are Updating Their Forecasts
SU
€261.90
Schneider Electric
7D
-0.4%
1Y
1.7%

SU: Conviction List Inclusion And Energy Partnerships Will Shape Measured Upside Potential

Analysts have raised their fair value estimate for Schneider Electric from €274.05 to €276.36, citing recent price target increases and renewed conviction from several major research houses. Analyst Commentary Bullish Takeaways Bullish analysts highlight recent price target moves toward €290 as support for a slightly higher fair value range, pointing to confidence that Schneider Electric can justify a premium within its sector.
HO
€264.40
Thales
7D
7.8%
1Y
45.1%

HO: Cyber Execution Risks Will Temper Upside Despite Defense And AI Security Momentum

Analysts have nudged their price expectations for Thales higher by €5, supported by slightly stronger assumptions on revenue growth and profit margins, as well as a modest adjustment to the future P/E they apply. Analyst Commentary Recent research has been generally constructive on Thales, with several firms adjusting their stances and price assumptions.
AM
€353.40
Dassault Aviation société anonyme
7D
7.2%
1Y
51.0%

AM: Raised Sales Guidance And Execution Risks Will Pressure Future Returns

Analysts have inched their fair value estimate for Dassault Aviation société anonyme higher to €271.90, supported by recent price target increases at several firms and updated assumptions around discount rate, revenue, profit margin, and future P/E. Analyst Commentary Recent Street research on Dassault Aviation société anonyme shows that, while some firms have adjusted price targets higher, there is also a clear pocket of caution emerging.
MLUAV
€46.00
Embention Sistemas Inteligentes
7D
-8.0%
1Y
123.3%
FGR
€141.55
Eiffage
7D
4.5%
1Y
57.0%

FGR: Index Inclusion And Concession Wins Will Support Higher Future P/E Multiples

Narrative Update on Eiffage Analysts have inched their fair value estimate for Eiffage higher from €153.41 to €153.91, pointing to updated assumptions for revenue growth, profit margins and the stock's future P/E, along with recent upward moves in published price targets. Analyst Commentary Recent Street research on Eiffage has centered on higher price targets and a reaffirmed positive stance from large banks.
CEN
€62.20
Groupe CRIT
7D
-3.1%
1Y
5.4%
JCQ
€23.30
Jacquet Metals
7D
-5.1%
1Y
29.9%