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French (CAC) Industrials Sector Analysis

UpdatedJan 25, 2026
DataAggregated Company Financials
Companies111
  • 7D-1.6%
  • 3M-1.2%
  • 1Y15.6%
  • YTD0.9%

Over the last 7 days, the Industrials industry has dropped 1.6%, driven by a pullback from Airbus of 4.9%. In contrast, Dassault Aviation société anonyme has gained 5.6%. Over the past 12 months, the industry was up 16%. 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
Mon, 26 Jan 2026€798.0b€573.0b€33.4b19.4x23.9x1.4x
Wed, 24 Dec 2025€780.5b€575.8b€33.3b18.6x23.4x1.4x
Fri, 21 Nov 2025€771.3b€576.0b€33.3b20.2x23.1x1.3x
Sun, 19 Oct 2025€790.7b€573.2b€32.9b24.4x24x1.4x
Tue, 16 Sep 2025€788.4b€572.9b€31.1b19.3x25.4x1.4x
Thu, 14 Aug 2025€761.3b€572.0b€31.3b20.4x24.4x1.3x
Sat, 12 Jul 2025€761.0b€564.3b€25.6b22.2x29.7x1.3x
Mon, 09 Jun 2025€745.2b€565.0b€25.6b18.1x29.1x1.3x
Wed, 07 May 2025€715.8b€564.0b€25.2b19.6x28.4x1.3x
Fri, 04 Apr 2025€686.2b€562.5b€24.8b16x27.7x1.2x
Sun, 02 Mar 2025€703.7b€572.9b€23.7b17.9x29.7x1.2x
Tue, 28 Jan 2025€694.1b€561.4b€25.0b15.8x27.8x1.2x
Thu, 26 Dec 2024€642.0b€562.1b€25.0b16.9x25.7x1.1x
Sat, 23 Nov 2024€643.8b€562.5b€25.2b16.1x25.6x1.1x
Mon, 21 Oct 2024€654.6b€527.8b€24.7b16.5x26.5x1.2x
Wed, 18 Sep 2024€627.6b€523.3b€26.2b15.3x24x1.2x
Fri, 16 Aug 2024€615.5b€522.2b€26.2b16.2x23.5x1.2x
Sun, 14 Jul 2024€625.1b€514.1b€28.8b18.2x21.7x1.2x
Tue, 11 Jun 2024€651.0b€514.1b€28.8b18x22.6x1.3x
Thu, 09 May 2024€659.1b€513.7b€28.9b16.1x22.8x1.3x
Sat, 06 Apr 2024€641.4b€508.9b€29.2b14.4x22x1.3x
Mon, 04 Mar 2024€615.6b€518.4b€28.2b13.6x21.8x1.2x
Wed, 31 Jan 2024€604.9b€527.3b€28.8b15.6x21x1.1x
Fri, 29 Dec 2023€585.5b€527.4b€28.8b14.5x20.4x1.1x
Sun, 26 Nov 2023€564.3b€528.9b€28.8b14x19.6x1.1x
Tue, 24 Oct 2023€508.2b€520.8b€28.7b12.6x17.7x1x
Thu, 21 Sep 2023€550.2b€520.5b€28.7b14.8x19.2x1.1x
Sat, 19 Aug 2023€538.9b€519.3b€28.8b15.5x18.7x1x
Mon, 17 Jul 2023€558.7b€500.4b€22.1b16.3x25.2x1.1x
Wed, 14 Jun 2023€560.2b€500.4b€21.9b18.1x25.6x1.1x
Fri, 12 May 2023€542.2b€496.5b€21.9b16x24.7x1.1x
Sun, 09 Apr 2023€535.9b€495.5b€22.1b17.8x24.2x1.1x
Tue, 07 Mar 2023€555.7b€492.6b€6.7b18.6x83.4x1.1x
Thu, 02 Feb 2023€532.1b€461.8b€2.8b19.4x190.2x1.2x
Price to Earnings Ratio

190.2x


Total Market Cap: €532.1bTotal Earnings: €2.8bTotal Revenue: €461.8bTotal Market Cap vs Earnings and Revenue0%0%0%
French Industrials Sector Price to Earnings3Y Average 28.7x202420252026
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 23.9x which is lower than its 3-year average PE of 28.9x.
  • 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-1.39%
Industrials-1.64%
Machinery2.71%
Commercial Services2.00%
Trade Distributors1.75%
Transportation1.48%
Professional Services0.51%
Industrials0%0
Airlines0%0
Construction-0.11%
Infrastructure-0.40%
Building-0.86%
Electrical-1.01%
Logistics-1.32%
Aerospace & Defense-3.11%
Industry PE
  • Investors are most optimistic about the Industrials industry which is trading above its 3-year average PE ratio of 12.2x.
    • 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 33.7x.
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
SU Schneider Electric€231.850.8%
+€984.1m		-5.4%PE30.3x
DG Vinci€117.551.2%
+€749.6m		13.6%PE13.7x
LR Legrand€127.952.2%
+€706.5m		34.0%PE27.3x
AM Dassault Aviation société anonyme€334.201.6%
+€406.8m		59.8%PE33.4x
AYV Ayvens€12.024.3%
+€404.9m		69.5%PE11.4x

Latest News

AM
€334.20
Dassault Aviation société anonyme
7D
1.6%
1Y
59.8%

AM: Raised Guidance And Sector Rerating Concerns Will Pressure Future Returns

Analysts have lifted their price targets on Dassault Aviation société anonyme, with fair value estimates moving from about €243 to €272, citing updated assumptions on discount rates, profit margins and future P/E. At the same time, recent research includes both higher target prices and a rating downgrade that points to more mixed expectations for European defense shares into 2026.
EXENS
€54.80
Exosens
7D
-4.7%
1Y
149.5%

EXENS: Long Term Defense Contracts Will Drive Future Earnings Power Higher

Analysts now set their fair value estimate for Exosens at $61.00, compared with the prior $60.00, citing adjusted assumptions around discount rate, revenue growth, profit margin, and future P/E as key drivers of the change. What's in the News Theon International Plc completed the acquisition of a 9.8% stake in Exosens for approximately €268.7 million at €54 per share, becoming the second largest shareholder after Groupe HLD (M&A Transaction Closings).
RXL
€35.11
Rexel
7D
2.7%
1Y
36.8%

RXL: Future Returns Likely Balanced Between Limited Upside And Execution Risks

Narrative Update The analyst fair value estimate for Rexel has been raised from €30.96 to €34.68. This change reflects updated price targets from analysts, including recent increases to €41.80 and €35 that are linked to their latest views on valuation and future P/E assumptions.
SAF
€310.40
Safran
7D
-2.2%
1Y
32.0%

SAF: UK R&T Expansion And Overweight Rating Will Support Repricing

Analysts lifted their fair value estimate for Safran to €382 from €370, citing updated assumptions on growth, profitability and P/E. They also noted a higher Street price target of €350.
FGR
€121.30
Eiffage
7D
1.3%
1Y
42.0%

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

Narrative Update on Eiffage Analysts have lifted their price target on Eiffage by €4 to €172, reflecting updated assumptions on fair value and future P/E, alongside recent Street research support. Analyst Commentary Recent Street research includes a move in the official price target to €172 from €168, with an Overweight stance maintained.
MLUAV
€40.40
Embention Sistemas Inteligentes
7D
-19.2%
1Y
102.0%
SGO
€83.20
Compagnie de Saint-Gobain
7D
0.9%
1Y
-6.2%

SGO: U.S. Headwinds And Slow European Recovery Will Pressure Future Upside

Analysts have trimmed their price targets for Compagnie de Saint-Gobain, with changes such as UBS moving to a Sell rating with a cut to €78 from €92 and others lowering targets to €105 and €110. This reflects concerns about U.S. headwinds and a slow European recovery, which feed into a slightly lower fair value estimate and small adjustments to growth, margin and P/E assumptions.
AYV
€12.02
Ayvens
7D
4.3%
1Y
69.5%

AYV: Share Repurchases And Exceptional Dividend Will Support Higher Fair Value Potential

Analysts have nudged their fair value estimate for Ayvens up from €14.0 to €14.5, supported by updated assumptions on discount rate, revenue growth, profit margin and future P/E, along with a higher Street price target of €12.50 from €11.20. Analyst Commentary Recent Street research has centered on the higher price target of €12.50, which sits closer to the updated fair value estimate of €14.5. For you as an investor, that creates a clearer link between what fundamental models suggest and where more optimistic analysts think the shares could trade.
HO
€258.50
Thales
7D
-2.2%
1Y
69.6%
AIR
€206.80
Airbus
7D
-1.7%
1Y
24.7%

AIR: Delivery Execution Risks Will Limit Upside Despite Raised Expectations

Analysts have lifted their Airbus fair value estimate from €145.46 to €169.92, reflecting a series of higher price targets and updated assumptions on revenue growth, profit margins and future P/E multiples following recent research updates on the stock. Analyst Commentary Recent research updates show a cluster of higher price targets for Airbus, with several firms lifting their valuations following Q3 results and updated guidance.
EN
€44.49
Bouygues
7D
-1.8%
1Y
46.2%
SU
€231.85
Schneider Electric
7D
0.8%
1Y
-5.4%
LR
€127.95
Legrand
7D
2.2%
1Y
34.0%

Is Legrand SA (EPA:LR) Potentially Undervalued?

Jan 16
Is Legrand SA (EPA:LR) Potentially Undervalued?
DG
€117.55
Vinci
7D
1.2%
1Y
13.6%
MLHK
€41.20
H&K
7D
-5.9%
1Y
-63.9%

H&K (EPA:MLHK) Has A Pretty Healthy Balance Sheet

Jan 06
H&K (EPA:MLHK) Has A Pretty Healthy Balance Sheet
GET
€16.02
Getlink
7D
-0.8%
1Y
7.4%