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French (CAC) Industrials Sector Analysis

UpdatedMar 15, 2026
DataAggregated Company Financials
Companies112
  • 7D-1.6%
  • 3M-0.5%
  • 1Y6.7%
  • YTD-2.0%

Over the last 7 days, the Industrials industry has dropped 1.6%, driven by declines in Airbus and Safran of 4.1% and 4.2%, respectively. On the other hand Thales is actually up 5.2%. This takes the industry's 12 month performance to a gain of 6.7%. Looking forward, earnings are forecast to grow by 10% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 15 Mar 2026€775.2b€580.8b€38.5b21.8x20.2x1.3x
Tue, 10 Feb 2026€824.1b€574.9b€33.6b19x24.5x1.4x
Thu, 08 Jan 2026€822.4b€572.4b€33.4b18.6x24.6x1.4x
Sat, 06 Dec 2025€773.0b€576.1b€33.3b22.1x23.2x1.3x
Mon, 03 Nov 2025€801.7b€575.4b€33.1b24.6x24.2x1.4x
Wed, 01 Oct 2025€791.4b€573.2b€32.9b22.3x24.1x1.4x
Fri, 29 Aug 2025€742.2b€571.9b€31.3b20.1x23.7x1.3x
Sun, 27 Jul 2025€765.2b€565.7b€25.6b19.1x29.9x1.4x
Tue, 24 Jun 2025€721.3b€564.9b€25.6b18.3x28.1x1.3x
Thu, 22 May 2025€736.1b€565.0b€25.6b18.9x28.8x1.3x
Sat, 19 Apr 2025€662.8b€562.6b€24.8b17.1x26.8x1.2x
Mon, 17 Mar 2025€729.6b€576.8b€24.1b16.4x30.3x1.3x
Wed, 12 Feb 2025€694.2b€563.2b€25.4b16.7x27.4x1.2x
Fri, 10 Jan 2025€662.8b€561.4b€25.0b16.5x26.5x1.2x
Sun, 08 Dec 2024€659.3b€561.4b€25.0b16.4x26.3x1.2x
Tue, 05 Nov 2024€636.9b€529.5b€24.8b16.4x25.7x1.2x
Thu, 03 Oct 2024€628.6b€527.9b€24.7b16.6x25.5x1.2x
Sat, 31 Aug 2024€631.5b€523.2b€26.2b16.3x24.1x1.2x
Mon, 29 Jul 2024€616.1b€516.5b€29.2b16.9x21.1x1.2x
Wed, 26 Jun 2024€609.7b€514.1b€28.8b17.3x21.2x1.2x
Fri, 24 May 2024€672.1b€513.6b€28.8b17.7x23.3x1.3x
Sun, 21 Apr 2024€631.1b€508.5b€29.2b14.6x21.6x1.2x
Tue, 19 Mar 2024€635.2b€515.7b€28.0b13.6x22.7x1.2x
Thu, 15 Feb 2024€596.4b€513.6b€28.1b13.2x21.3x1.2x
Sat, 13 Jan 2024€597.9b€527.3b€28.8b14.8x20.8x1.1x
Mon, 11 Dec 2023€583.5b€527.4b€28.8b14.3x20.3x1.1x
Wed, 08 Nov 2023€532.2b€524.4b€28.8b12.8x18.5x1x
Fri, 06 Oct 2023€524.0b€520.7b€28.7b13.6x18.3x1x
Sun, 03 Sep 2023€554.7b€520.3b€28.8b15.6x19.3x1.1x
Tue, 01 Aug 2023€566.9b€517.8b€28.8b15.6x19.7x1.1x
Thu, 29 Jun 2023€549.0b€500.4b€21.9b17.2x25.1x1.1x
Sat, 27 May 2023€549.1b€500.3b€21.9b17.9x25.1x1.1x
Mon, 24 Apr 2023€550.3b€496.0b€22.2b17.1x24.8x1.1x
Wed, 22 Mar 2023€538.0b€490.7b€22.0b18.2x24.5x1.1x
Price to Earnings Ratio

24.5x


Total Market Cap: €538.0bTotal Earnings: €22.0bTotal Revenue: €490.7bTotal Market Cap vs Earnings and Revenue0%0%0%
French Industrials Sector Price to Earnings3Y Average 23.9x202420252026
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 20.2x which is lower than its 3-year average PE of 23.9x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 21% per year over the last three years.
  • Revenues for these companies have grown 5.8% 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-1.52%
Industrials-1.61%
Construction0.43%
Airlines0%0
Electrical-0.59%
Infrastructure-1.45%
Commercial Services-1.80%
Aerospace & Defense-2.08%
Trade Distributors-2.60%
Building-2.96%
Professional Services-3.71%
Machinery-4.13%
Transportation-4.28%
Industrials-4.31%
Logistics-7.99%
Industry PE
  • Investors are most optimistic about the Industrials industry which is trading above its 3-year average PE ratio of 14.1x.
    • 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 34.0x.
Forecasted Growth
  • Analysts are most optimistic on the Industrials industry, expecting annual earnings growth of 60% over the next 5 years.
  • In contrast, the Construction industry is expected to see its earnings grow by 7.8% 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
HO Thales€253.805.2%
+€2.6b		1.5%PE31.1x
AM Dassault Aviation société anonyme€348.804.5%
+€1.2b		13.3%PE27.7x
EN Bouygues€49.811.9%
+€350.3m		39.1%PE16.8x
DG Vinci€129.350.3%
+€185.6m		10.3%PE14.6x
ELIS Elis€25.523.5%
+€182.3m		15.9%PE15.9x

Latest News

SCHP
€74.20
Séché Environnement
7D
11.9%
1Y
-3.6%
EXENS
€66.90
Exosens
7D
5.2%
1Y
107.8%

EXENS: Defense Contracts And New Shareholder Support Will Underpin Measured Outlook

Exosens' analyst price target has been revised higher to €64.83 from €51.33, reflecting updated assumptions on revenue growth, profit margins, and future P/E in line with recent price target increases from several banks including JPMorgan, Deutsche Bank, Citi, and Berenberg. Analyst Commentary Recent research shows a cluster of higher price targets on Exosens, with JPMorgan at the upper end and several other banks setting targets in a similar range.
ELIS
€25.52
Elis
7D
3.5%
1Y
15.9%
SPIE
€45.70
SPIE
7D
-6.1%
1Y
9.2%
SU
€248.00
Schneider Electric
7D
-0.5%
1Y
8.8%

SU: Conviction List Support And Software Advances Will Drive Higher Bullish Case

Analysts have lifted their implied fair value for Schneider Electric to about €294 from roughly €276, citing a series of higher Street price targets in the €290 to €340 range that reflect updated assumptions for revenue growth, profit margins, the discount rate and future P/E. Analyst Commentary Recent research points to a cluster of higher price targets for Schneider Electric in the €290 to €340 range, with several large banks at the upper end.
HO
€253.80
Thales
7D
5.2%
1Y
1.5%

HO: Defense Exposure And Margin Gains Will Support Stronger Medium Term Earnings Power

Analysts have lifted their average price target on Thales to about €356 from roughly €338, reflecting a slightly higher fair value view even as they balance stronger defence and margin expectations with more cautious assumptions for revenue growth and interest costs. Analyst Commentary Recent research shows a mix of views on Thales, with some firms becoming more cautious on execution in certain divisions, while others highlight what they see as attractive defence exposure and scope for improved returns.
ADP
€103.20
Aeroports de Paris
7D
-4.2%
1Y
5.8%

ADP: Passenger Traffic Trends Will Support Higher Future P/E Repricing

The analyst price target for Aeroports de Paris has been nudged down by €0.25 to €122.25, as analysts balance mixed recent target revisions with modestly updated assumptions for growth, profitability, and the discount rate. Analyst Commentary Recent Street research on Aeroports de Paris reflects a split view, with some analysts lifting their valuation assumptions while others are trimming targets and turning more cautious on execution risks.
AM
€348.80
Dassault Aviation société anonyme
7D
4.5%
1Y
13.3%
DG
€129.35
Vinci
7D
0.3%
1Y
10.3%

DG: Concession Pipeline And Capital Discipline Will Support Medium Term Fair Value

Our analyst fair value estimate for Vinci edges up from about €140.14 to €140.90, reflecting a cluster of recent target price increases and upgrades as analysts point to relatively higher operating margins, stronger return on equity versus peers, and what they view as a comparatively low valuation. Analyst Commentary Recent Street research on Vinci clusters around higher price targets and shifts in ratings, giving you a clearer sense of how the market is thinking about the stock’s risk and reward trade off.
EN
€49.81
Bouygues
7D
1.9%
1Y
39.1%
SAF
€304.40
Safran
7D
-4.2%
1Y
21.4%

SAF: Execution On Margins And Dividend Policy Will Drive Earnings Resilience

Analysts have lifted their Safran price target to €356.29 from €328.67, reflecting updated assumptions around discount rates, profit margins and future P/E, while recent Street research includes a move to €342 from €275 by one covering firm. Analyst Commentary Bullish Takeaways Bullish analysts see the move to a €342 price target as support for a higher valuation range, with updated assumptions pointing to more confidence in Safran's ability to meet existing expectations.
SGO
€71.80
Compagnie de Saint-Gobain
7D
-3.1%
1Y
-28.4%

SGO: Fair Value View Will Look Through U.S. And European Headwinds

The analyst fair value estimate for Compagnie de Saint-Gobain has been trimmed by about €4.60 to €129.54. This adjustment reflects recent Street price target cuts between €2 and €14 as analysts weigh slower European recovery expectations and U.S. headwinds against updated assumptions on growth, margins and future P/E.
AYV
€9.55
Ayvens
7D
-4.6%
1Y
17.8%

AYV: Fair Value Reset Will Reflect Cautious Outlook On Execution Risks

Analysts have revised their stance on Ayvens, increasing the fair value estimate from €6.00 to €11.00 per share. This change reflects recent price target updates around €12.10 and incorporates differing opinions on the company’s growth prospects, margins and future P/E levels.
AIR
€168.38
Airbus
7D
-4.1%
1Y
-0.5%

AIR: Softer Deliveries And Engine Constraints Will Temper Upside Despite Solid Order Flow

Our Airbus fair value estimate has been trimmed by about €7 to €162.83, as analysts factor in softer delivery expectations, slower near term catalysts, and modestly lower margin assumptions despite generally supportive longer term ratings. Analyst Commentary Recent research updates show a tilt toward more cautious expectations on Airbus, with several bearish analysts trimming price targets and flagging execution risks on deliveries and margins.
ALO
€23.30
Alstom
7D
-4.2%
1Y
-2.4%

ALO: Order Execution And Contract Delivery Will Shape Future P/E Balance

Analysts have nudged their average price target on Alstom slightly higher to €26.18, reflecting updated views that incorporate recent target increases from some banks and more cautious stances from others. Analyst Commentary Recent research on Alstom has been mixed, with some large banks lifting their targets and others turning more cautious.
GET
€17.87
Getlink
7D
1.5%
1Y
13.7%