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French (CAC) Industrials Sector Analysis

UpdatedJan 21, 2026
DataAggregated Company Financials
Companies111
  • 7D-2.7%
  • 3M-0.8%
  • 1Y17.0%
  • YTD0.5%

Over the last 7 days, the Industrials industry has dropped 2.7%, driven by Airbus declining 5.6%. On the other hand Dassault Aviation société anonyme is actually up 5.4%. Over the past 12 months, the industry was up 17%. As for the next few years, earnings are expected to grow by 13% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 22 Jan 2026€793.5b€573.0b€33.4b19.9x23.7x1.4x
Sat, 20 Dec 2025€782.0b€575.8b€33.3b19.6x23.5x1.4x
Mon, 17 Nov 2025€783.7b€576.1b€33.3b22x23.6x1.4x
Wed, 15 Oct 2025€793.8b€573.2b€32.9b24.1x24.1x1.4x
Fri, 12 Sep 2025€774.8b€572.9b€31.1b23.4x24.9x1.4x
Sun, 10 Aug 2025€757.7b€571.9b€31.3b20.7x24.2x1.3x
Tue, 08 Jul 2025€751.0b€564.3b€25.6b22.1x29.3x1.3x
Thu, 05 Jun 2025€748.2b€564.9b€25.6b18.5x29.2x1.3x
Sat, 03 May 2025€716.6b€563.8b€25.2b17.3x28.4x1.3x
Mon, 31 Mar 2025€716.6b€562.3b€24.8b16.9x28.9x1.3x
Wed, 26 Feb 2025€695.9b€570.5b€23.7b18.2x29.4x1.2x
Fri, 24 Jan 2025€696.6b€561.4b€25.0b16.2x27.9x1.2x
Sun, 22 Dec 2024€643.0b€562.1b€25.0b17.2x25.7x1.1x
Tue, 19 Nov 2024€647.0b€562.8b€25.1b16.4x25.8x1.1x
Thu, 17 Oct 2024€642.2b€527.8b€24.7b16.5x26x1.2x
Sat, 14 Sep 2024€623.5b€523.3b€26.2b15.6x23.8x1.2x
Mon, 12 Aug 2024€601.3b€522.2b€26.2b16.3x23x1.2x
Wed, 10 Jul 2024€607.9b€514.1b€28.8b17.8x21.1x1.2x
Fri, 07 Jun 2024€659.5b€514.2b€28.8b17.4x22.9x1.3x
Sun, 05 May 2024€638.0b€513.0b€29.1b15.1x21.9x1.2x
Tue, 02 Apr 2024€651.0b€508.9b€29.2b14.3x22.3x1.3x
Thu, 29 Feb 2024€618.2b€517.9b€28.2b13.5x21.9x1.2x
Sat, 27 Jan 2024€603.9b€527.3b€28.8b15.6x21x1.1x
Mon, 25 Dec 2023€585.6b€527.4b€28.8b14.6x20.4x1.1x
Wed, 22 Nov 2023€559.3b€528.9b€28.8b14x19.4x1.1x
Fri, 20 Oct 2023€515.3b€520.8b€28.7b12.7x18x1x
Sun, 17 Sep 2023€551.2b€520.5b€28.7b15.3x19.2x1.1x
Tue, 15 Aug 2023€554.9b€519.3b€28.8b16x19.3x1.1x
Thu, 13 Jul 2023€561.2b€500.4b€21.9b16.5x25.6x1.1x
Sat, 10 Jun 2023€551.9b€500.4b€21.9b18.1x25.2x1.1x
Mon, 08 May 2023€543.3b€496.1b€21.5b16x25.3x1.1x
Wed, 05 Apr 2023€539.2b€495.3b€22.1b18.2x24.3x1.1x
Fri, 03 Mar 2023€550.7b€492.0b€6.6b19.7x82.9x1.1x
Sun, 29 Jan 2023€531.3b€461.8b€2.8b19x189.9x1.2x
Price to Earnings Ratio

189.9x


Total Market Cap: €531.3bTotal Earnings: €2.8bTotal Revenue: €461.8bTotal Market Cap vs Earnings and Revenue0%0%0%
French Industrials Sector Price to Earnings3Y Average 29.3x202420252026
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 23.8x which is lower than its 3-year average PE of 29.5x.
  • 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 7.5% 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 Market-3.82%
Industrials-2.68%
Machinery2.04%
Trade Distributors1.34%
Airlines0%0
Industrials-0.39%
Transportation-0.79%
Professional Services-0.80%
Infrastructure-1.53%
Construction-1.68%
Commercial Services-2.31%
Building-2.80%
Logistics-2.86%
Aerospace & Defense-3.09%
Electrical-3.39%
Industry PE
  • Investors are most optimistic about the Industrials industry which is trading above its 3-year average PE ratio of 12.0x.
    • 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 33.7x.
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 7.3% 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
AM Dassault Aviation société anonyme€328.405.5%
+€1.3b		57.1%PE32.8x
RXL Rexel€34.943.3%
+€327.2m		33.4%PE40.9x
ALO Alstom€26.321.7%
+€203.3m		32.6%PE39.7x
GET Getlink€16.142.2%
+€189.8m		7.3%PE34.1x
AYV Ayvens€11.720.8%
+€72.9m		67.0%PE11.2x

Latest News

ALO
€26.32
Alstom
7D
1.7%
1Y
32.6%
JCQ
€22.35
Jacquet Metals
7D
7.7%
1Y
46.3%
EN
€44.21
Bouygues
7D
-2.3%
1Y
44.7%
SU
€227.65
Schneider Electric
7D
-1.5%
1Y
-15.6%
LR
€124.70
Legrand
7D
-1.1%
1Y
21.4%

Is Legrand SA (EPA:LR) Potentially Undervalued?

Jan 16
Is Legrand SA (EPA:LR) Potentially Undervalued?
AYV
€11.72
Ayvens
7D
0.8%
1Y
67.0%
DG
€114.80
Vinci
7D
-1.7%
1Y
11.6%
RXL
€34.94
Rexel
7D
3.3%
1Y
33.4%

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.
AM
€328.40
Dassault Aviation société anonyme
7D
5.5%
1Y
57.1%

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
€315.60
Safran
7D
-1.4%
1Y
35.4%

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
€81.68
Compagnie de Saint-Gobain
7D
-3.3%
1Y
-7.6%

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.
SPIE
€46.14
SPIE
7D
-4.0%
1Y
47.3%

SPIE: Future Revenue Will Surpass €10b With Measured Profitability Outlook

Analysts have nudged their fair value estimate for SPIE slightly higher, to €53.45 from €52.83, reflecting small adjustments to assumptions on the discount rate, revenue growth, profit margins and expected future P/E. What's in the News SPIE signed a European framework agreement with Tesla for battery energy storage system projects using Tesla Megapack solutions, covering all group subsidiaries in Europe with BESS installation expertise (Key Developments).
AIR
€207.40
Airbus
7D
-3.7%
1Y
25.6%

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.
BB
€53.90
Société BIC
7D
1.9%
1Y
-14.7%

BB: Index Inclusion And Portfolio Refocus Will Support Balanced Long Term Outlook

Analysts have kept their price target for Société BIC broadly unchanged at €57.90. This reflects only very small adjustments to the discount rate, long-term revenue trends and expected profit margins, leaving their overall valuation view effectively steady.
BVI
€27.06
Bureau Veritas
7D
0.3%
1Y
-10.5%

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

Jan 03
Do Bureau Veritas' (EPA:BVI) Earnings Warrant Your Attention?
GET
€16.14
Getlink
7D
2.2%
1Y
7.3%