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French (CAC) Industrials Sector Analysis

UpdatedDec 31, 2025
DataAggregated Company Financials
Companies111
  • 7D0.3%
  • 3M-1.3%
  • 1Y21.0%
  • YTD19.9%

Over the last 7 days, the Industrials industry has remained flat. The past year has been better, since the industry has gained 21% in that time. Earnings are forecast to grow by 14% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 31 Dec 2025€782.0b€572.4b€33.4b18.7x23.4x1.4x
Fri, 28 Nov 2025€773.3b€576.0b€33.3b21.9x23.2x1.3x
Sun, 26 Oct 2025€809.6b€573.2b€32.9b24.2x24.6x1.4x
Tue, 23 Sep 2025€778.7b€573.1b€32.9b21x23.7x1.4x
Thu, 21 Aug 2025€760.9b€572.0b€31.3b21.2x24.3x1.3x
Sat, 19 Jul 2025€776.3b€564.3b€25.6b22x30.3x1.4x
Mon, 16 Jun 2025€724.6b€565.0b€25.6b19.4x28.3x1.3x
Wed, 14 May 2025€725.4b€564.3b€25.2b18.8x28.8x1.3x
Fri, 11 Apr 2025€642.9b€562.5b€24.8b16x26x1.1x
Sun, 09 Mar 2025€729.3b€576.6b€24.1b16.6x30.2x1.3x
Tue, 04 Feb 2025€685.4b€561.4b€25.0b15.5x27.4x1.2x
Thu, 02 Jan 2025€649.1b€561.9b€25.0b17.2x25.9x1.2x
Sat, 30 Nov 2024€648.9b€562.5b€25.2b16.9x25.8x1.2x
Mon, 28 Oct 2024€637.1b€527.9b€24.7b16.4x25.8x1.2x
Wed, 25 Sep 2024€644.0b€528.1b€24.7b15.9x26.1x1.2x
Fri, 23 Aug 2024€622.6b€522.2b€26.2b16.3x23.8x1.2x
Sun, 21 Jul 2024€611.0b€514.1b€28.8b18.5x21.2x1.2x
Tue, 18 Jun 2024€611.9b€514.1b€28.8b17.6x21.3x1.2x
Thu, 16 May 2024€671.8b€513.7b€28.9b16x23.3x1.3x
Sat, 13 Apr 2024€634.5b€508.9b€29.2b14.3x21.8x1.2x
Mon, 11 Mar 2024€624.9b€515.4b€27.9b13.9x22.4x1.2x
Wed, 07 Feb 2024€599.0b€507.0b€28.1b13.4x21.3x1.2x
Fri, 05 Jan 2024€581.7b€527.3b€28.8b14.6x20.2x1.1x
Sun, 03 Dec 2023€572.1b€528.8b€28.8b14.3x19.8x1.1x
Tue, 31 Oct 2023€514.4b€520.8b€28.7b12.4x17.9x1x
Thu, 28 Sep 2023€534.4b€520.6b€28.7b13.9x18.6x1x
Sat, 26 Aug 2023€545.8b€519.3b€28.8b15.6x19x1.1x
Mon, 24 Jul 2023€561.1b€500.0b€22.1b16.3x25.4x1.1x
Wed, 21 Jun 2023€557.3b€500.4b€21.9b17.4x25.5x1.1x
Fri, 19 May 2023€557.1b€500.5b€21.9b16.6x25.4x1.1x
Sun, 16 Apr 2023€543.0b€495.5b€22.2b18.3x24.5x1.1x
Tue, 14 Mar 2023€531.8b€496.2b€6.8b16.7x78.4x1.1x
Thu, 09 Feb 2023€527.8b€461.8b€2.8b19.7x188.7x1.1x
Sat, 07 Jan 2023€510.9b€461.7b€2.8b18.2x183.7x1.1x
Price to Earnings Ratio

183.7x


Total Market Cap: €510.9bTotal Earnings: €2.8bTotal Revenue: €461.7bTotal Market Cap vs Earnings and Revenue0%0%0%
French Industrials Sector Price to Earnings3Y Average 32.5x20242025
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 23.2x which is lower than its 3-year average PE of 32.5x.
  • 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 7.4% 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 Market0.97%
Industrials0.34%
Logistics1.66%
Machinery1.11%
Commercial Services1.07%
Building0.79%
Transportation0.79%
Trade Distributors0.78%
Construction0.53%
Professional Services0.50%
Aerospace & Defense0.21%
Electrical0.17%
Airlines0%0
Infrastructure-0.31%
Industrials-1.39%
Industry PE
  • Investors are most optimistic about the Industrials industry which is trading above its 3-year average PE ratio of 11.2x.
    • 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 33.5x.
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 8.0% 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€198.941.1%
+€1.8b		28.5%PE31x
DG Vinci€120.450.5%
+€367.1m		20.8%PE14.3x
SGO Compagnie de Saint-Gobain€86.860.8%
+€345.1m		1.4%PE15.2x
LR Legrand€127.550.5%
+€157.0m		35.6%PE27.2x
HO Thales€229.700.3%
+€143.8m		65.7%PE45.1x

Latest News

ADP
€111.70
Aeroports de Paris
7D
-0.3%
1Y
0%

Revenues Tell The Story For Aeroports de Paris SA (EPA:ADP)

Dec 30
Revenues Tell The Story For Aeroports de Paris SA (EPA:ADP)
HO
€229.70
Thales
7D
0.3%
1Y
65.7%

HO: Defense Strength And Cyber Drag Will Shape Mid Term Performance

Analysts have raised their price target on Thales to EUR 230 from EUR 220, citing a series of upward revisions to Street targets and increasing confidence in the company’s ability to sustain mid single digit organic growth and resilient margins despite lingering cyber headwinds. Analyst Commentary Recent Street research reflects a more nuanced stance on Thales, with rising price targets tempered by lingering concerns around certain business segments and the durability of current valuation multiples.
JCQ
€19.80
Jacquet Metals
7D
-1.7%
1Y
16.7%

Jacquet Metals (EPA:JCQ) Is Experiencing Growth In Returns On Capital

Dec 25
Jacquet Metals (EPA:JCQ) Is Experiencing Growth In Returns On Capital
SGO
€86.86
Compagnie de Saint-Gobain
7D
0.8%
1Y
1.4%

SGO: Slower Revenue Momentum Will Constrain Future Upside Despite Margin Improvements

Analysts have modestly trimmed their price targets on Compagnie de Saint-Gobain, with our fair value estimate easing from EUR 76.01 to EUR 75.07. They are factoring in slightly slower revenue growth expectations, a marginally stronger profit margin outlook, and a largely unchanged future price to earnings multiple.
AYV
€11.50
Ayvens
7D
1.1%
1Y
75.7%

AYV: Raised Expectations And Capital Returns Will Shape A Measured Earnings Outlook

Analysts have raised their price target on Ayvens from EUR 11.96 to EUR 12.50, citing recent target increases and rating upgrades that reflect greater confidence in the company's potential growth and profitability. Analyst Commentary Recent research updates on Ayvens reflect growing optimism around the company’s earnings trajectory and strategic positioning, while also highlighting execution risks as the firm pursues its growth plans.
LR
€127.55
Legrand
7D
0.5%
1Y
35.6%

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.
MLUAV
€41.80
Embention Sistemas Inteligentes
7D
-7.5%
1Y
80.2%
DG
€120.45
Vinci
7D
0.5%
1Y
20.8%

DG: Traffic And Concession Cash Flows Will Drive Long-Term Upside Potential

Analysts have nudged their price target for Vinci slightly lower to approximately €135.74 from about €136.19, reflecting modest tweaks to the discount rate and long term growth assumptions while maintaining broadly stable margin and valuation expectations. What's in the News Vinci reported November 2025 traffic with VINCI Autoroutes intercity networks down 3.4%, mainly due to calendar effects, while VINCI Airports passenger traffic rose 2.9% and commercial movements increased 2.2% (company operating update).
GET
€15.80
Getlink
7D
-0.4%
1Y
2.6%
SAF
€297.40
Safran
7D
-1.0%
1Y
40.2%

SAF: Upgraded Outlook And UK Expansion Will Shape Balanced Risk Reward Outlook

Analysts have raised their price target on Safran to approximately EUR 268 from about EUR 232, citing stronger than expected revenue growth, modestly improved profit margins, and a higher justified future earnings multiple supported by recent upward target revisions from major brokerages. Analyst Commentary Recent commentary from major Wall Street firms has reinforced a broadly constructive view on Safran, with upward price target revisions reflecting confidence in sustained earnings growth and cash generation.
ALO
€25.08
Alstom
7D
1.1%
1Y
16.3%

ALO: Improving Margins And Cash Generation Will Support Upside Potential

Analysts have nudged their fair value estimate for Alstom slightly higher to EUR 33.40 from EUR 33.00, citing incremental optimism around margins and earnings durability that outweighs a modestly higher discount rate and only marginally softer long term revenue growth assumptions. Analyst Commentary Recent Street research points to a gradually improving sentiment backdrop for Alstom, with a series of upward price target revisions underscoring growing confidence in the companys execution and earnings trajectory.
AIR
€198.94
Airbus
7D
1.1%
1Y
28.5%

AIR: Expanding Output And Order Momentum Will Drive Future Cash Generation Confidence

Our Airbus fair value estimate ticks up modestly to EUR 224.75 from EUR 224.40 as analysts lift price targets, citing stronger than expected Q3 revenue growth, resilient margins, robust free cash flow, and reaffirmed guidance despite incremental tariff and cost headwinds. Analyst Commentary Recent Street research remains broadly constructive on Airbus, with a series of price target increases clustered around the high EUR 200s and a few more cautious voices tempering expectations.
AM
€272.40
Dassault Aviation société anonyme
7D
0.5%
1Y
38.1%

AM: Rising Defense Demand Will Support Stronger Earnings Trajectory

Analysts have modestly trimmed their price target on Dassault Aviation société anonyme to approximately EUR 383 from about EUR 384. This reflects slightly higher discount-rate assumptions, even as they acknowledge improving revenue growth prospects, stronger profit margins, and a normalization in future valuation multiples.
MLHK
€42.40
H&K
7D
-3.6%
1Y
-63.1%

Shareholders Can Be Confident That H&K's (EPA:MLHK) Earnings Are High Quality

Dec 06
Shareholders Can Be Confident That H&K's (EPA:MLHK) Earnings Are High Quality
EXA
€82.70
Exail Technologies
7D
-1.7%
1Y
376.4%
CBDG
€96.00
Compagnie du Cambodge
7D
-0.5%
1Y
-16.2%