Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

French (CAC) Industrials Sector Analysis

UpdatedMar 22, 2026
DataAggregated Company Financials
Companies111
  • 7D-4.5%
  • 3M-4.8%
  • 1Y1.9%
  • YTD-6.4%

Over the last 7 days, the Industrials industry has dropped 4.5%, driven by a pullback from Safran of 7.5%. On the other hand Compagnie de l'Odet is actually up 8.7%. As for the longer term, the industry's performance has been flat for the past year. 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, 22 Mar 2026€740.3b€580.7b€37.5b22.2x19.7x1.3x
Tue, 17 Feb 2026€843.5b€576.8b€36.9b18.3x22.9x1.5x
Thu, 15 Jan 2026€806.0b€572.4b€33.4b18.9x24.1x1.4x
Sat, 13 Dec 2025€770.1b€575.8b€33.3b19.9x23.1x1.3x
Mon, 10 Nov 2025€773.3b€575.8b€33.1b22.2x23.4x1.3x
Wed, 08 Oct 2025€794.8b€573.2b€32.9b28.1x24.2x1.4x
Fri, 05 Sep 2025€742.4b€572.8b€31.2b20x23.8x1.3x
Sun, 03 Aug 2025€734.2b€571.8b€31.3b20.4x23.5x1.3x
Tue, 01 Jul 2025€755.1b€564.9b€25.6b18.9x29.5x1.3x
Thu, 29 May 2025€741.1b€565.0b€25.6b19x29x1.3x
Sat, 26 Apr 2025€684.3b€562.6b€24.8b16.6x27.6x1.2x
Mon, 24 Mar 2025€729.6b€561.9b€24.8b16.9x29.4x1.3x
Wed, 19 Feb 2025€720.7b€566.1b€22.8b17.7x31.5x1.3x
Fri, 17 Jan 2025€665.3b€561.4b€25.0b15.9x26.6x1.2x
Sun, 15 Dec 2024€656.9b€562.1b€25.0b16.5x26.3x1.2x
Tue, 12 Nov 2024€666.4b€562.5b€25.0b16.7x26.7x1.2x
Thu, 10 Oct 2024€631.9b€527.9b€24.7b16.6x25.6x1.2x
Sat, 07 Sep 2024€604.8b€523.4b€26.2b16.7x23.1x1.2x
Mon, 05 Aug 2024€594.1b€522.2b€26.2b16.7x22.7x1.1x
Wed, 03 Jul 2024€606.3b€514.1b€28.8b17.4x21.1x1.2x
Fri, 31 May 2024€663.2b€513.9b€28.8b17.7x23x1.3x
Sun, 28 Apr 2024€639.1b€509.7b€29.3b15x21.8x1.3x
Tue, 26 Mar 2024€648.9b€508.8b€29.2b13.8x22.2x1.3x
Thu, 22 Feb 2024€603.0b€517.2b€28.2b13.2x21.4x1.2x
Sat, 20 Jan 2024€591.3b€527.3b€28.8b15.4x20.6x1.1x
Mon, 18 Dec 2023€586.5b€527.3b€28.8b14.9x20.4x1.1x
Wed, 15 Nov 2023€553.2b€528.5b€28.8b13.9x19.2x1x
Fri, 13 Oct 2023€535.3b€520.7b€28.7b12.9x18.7x1x
Sun, 10 Sep 2023€554.5b€520.3b€28.8b15.4x19.3x1.1x
Tue, 08 Aug 2023€557.6b€519.2b€28.8b16.5x19.4x1.1x
Thu, 06 Jul 2023€554.8b€500.4b€21.9b16.3x25.3x1.1x
Sat, 03 Jun 2023€551.5b€500.4b€21.9b17.5x25.2x1.1x
Mon, 01 May 2023€554.2b€496.1b€22.1b16.3x25x1.1x
Wed, 29 Mar 2023€527.4b€495.3b€22.2b17.8x23.8x1.1x
Price to Earnings Ratio

23.8x


Total Market Cap: €527.4bTotal Earnings: €22.2bTotal Revenue: €495.3bTotal 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 19.7x which is lower than its 3-year average PE of 23.9x.
  • The industry is trading close to its 3-year average PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 19% per year over the last three years.
  • Revenues for these companies have grown 5.4% 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 Market-3.34%
Industrials-4.49%
Logistics4.15%
Transportation2.01%
Airlines0%0
Machinery-0.55%
Infrastructure-1.84%
Construction-3.79%
Electrical-4.29%
Professional Services-4.37%
Commercial Services-4.62%
Trade Distributors-4.96%
Building-5.06%
Aerospace & Defense-5.45%
Industrials-7.02%
Industry PE
  • Investors are most optimistic about the Industrials industry which is trading above its 3-year average PE ratio of 14.3x.
    • Analysts are expecting annual earnings growth of 57.3% and investors are willing to pay a premium for that growth.
  • Investors are most pessimistic about the Building industry, which is trading below its 3-year average of 14.3x.
Forecasted Growth
  • Analysts are most optimistic on the Industrials industry, expecting annual earnings growth of 57% 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
ODET Compagnie de l'Odet€1.22k8.7%
+€414.9m		-15.2%PE25.9x
EXA Exail Technologies€147.8015.8%
+€342.8m		339.9%PE841.8x
CBDG Compagnie du Cambodge€99.004.2%
+€242.8m		-19.2%PE151x
EXENS Exosens€68.302.1%
+€71.0m		107.0%PE49.3x
AYV Ayvens€9.630.9%
+€66.6m		13.3%PE8.2x

Latest News

ODET
€1,224.00
Compagnie de l'Odet
7D
8.7%
1Y
-15.2%
SGO
€68.08
Compagnie de Saint-Gobain
7D
-5.2%
1Y
-31.9%

SGO: U.S. And European Demand Headwinds Will Still Offer Upside Opportunity

Analysts have trimmed the fair value estimate for Compagnie de Saint-Gobain from about €78.18 to €75.87. This reflects lower price targets across several research houses as they factor in more cautious assumptions on revenue growth, profit margins and the appropriate P/E multiple.
AM
€326.00
Dassault Aviation société anonyme
7D
-6.5%
1Y
6.2%
AYV
€9.63
Ayvens
7D
0.9%
1Y
13.3%

AYV: Reset Earnings Framework Will Support A More Constructive P/E Reappraisal

Ayvens' updated analyst price target edges lower by €0.25, reflecting analysts' more cautious assumptions on future revenue growth, profit margins and P/E valuation. Analyst Commentary Recent Street research around Ayvens gives you a mixed but useful read on how expectations are being reset, especially after the latest €0.25 trim to the average price target.
EXA
€147.80
Exail Technologies
7D
15.8%
1Y
339.9%
SAF
€281.60
Safran
7D
-7.5%
1Y
12.5%
AIR
€160.92
Airbus
7D
-4.4%
1Y
-3.4%

AIR: Delivery Constraints And Defense Expansion Will Shape Balanced Future Upside Potential

Narrative Update The updated analyst price target for Airbus has risen by €12.81, with analysts pointing to improving A320 deliveries, a ramping defense business, and mixed yet generally supportive revisions to price targets across the Street. Analyst Commentary Recent Street research on Airbus reflects a mixed backdrop, with some upgrades and supportive commentary on deliveries and defense, alongside several cautious moves on ratings and price targets.
EXENS
€68.30
Exosens
7D
2.1%
1Y
107.0%

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.
SU
€237.15
Schneider Electric
7D
-4.4%
1Y
2.3%

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
€242.30
Thales
7D
-4.5%
1Y
1.0%

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.
LR
€131.65
Legrand
7D
-3.8%
1Y
25.5%

LR: Low Voltage And Cooling Risks Will Challenge Optimistic Pricing

Our updated analyst price target for Legrand rises from about €84 to about €120, reflecting Street research that has generally lifted price targets into the €145 to €175 range, while some analysts flag valuation and competitive risks around low voltage and cooling products. Analyst Commentary Street research on Legrand has turned more mixed, with several firms lifting price targets while others highlight valuation and product specific risks.
DG
€123.95
Vinci
7D
-4.2%
1Y
4.8%

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.
GLO
€32.05
GL Events
7D
1.9%
1Y
55.2%
MLUAV
€43.80
Embention Sistemas Inteligentes
7D
6.8%
1Y
143.3%
CEN
€61.20
Groupe CRIT
7D
3.4%
1Y
3.0%
CBDG
€99.00
Compagnie du Cambodge
7D
4.2%
1Y
-19.2%