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French (CAC) Aerospace & Defense Industry Analysis

UpdatedApr 25, 2026
DataAggregated Company Financials
Companies15
  • 7D-10.7%
  • 3M-14.8%
  • 1Y12.8%
  • YTD-11.7%

Over the last 7 days, the Aerospace & Defense industry has dropped 11%, driven by Safran declining 14%. In the past year, the industry has gained 13%. Looking forward, earnings are forecast to grow by 9.2% annually.

Industry Valuation and Performance

Has the French Aerospace & Defense Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 25 Apr 2026€324.0b€139.0b€15.2b30.9x21.3x2.3x
Mon, 23 Mar 2026€329.4b€138.9b€15.2b32.8x21.7x2.4x
Wed, 18 Feb 2026€385.2b€136.1b€14.2b45.9x27.1x2.8x
Fri, 16 Jan 2026€387.6b€134.3b€11.3b43x34.2x2.9x
Sun, 14 Dec 2025€352.4b€134.3b€11.3b39.4x31x2.6x
Tue, 11 Nov 2025€375.3b€134.2b€11.4b42.6x33.1x2.8x
Thu, 09 Oct 2025€375.1b€132.1b€11.2b35.6x33.4x2.8x
Sat, 06 Sep 2025€337.0b€132.0b€11.2b31.5x30.2x2.6x
Mon, 04 Aug 2025€330.6b€132.0b€11.2b37x29.6x2.5x
Wed, 02 Jul 2025€337.6b€128.7b€5.8b41.3x58.6x2.6x
Fri, 30 May 2025€324.9b€128.7b€5.7b28.9x56.6x2.5x
Sun, 27 Apr 2025€287.1b€127.9b€5.5b26.2x51.8x2.2x
Tue, 25 Mar 2025€320.6b€127.8b€5.5b31.1x57.8x2.5x
Thu, 20 Feb 2025€304.4b€123.3b€4.5b28x68.3x2.5x
Sat, 18 Jan 2025€274.9b€121.4b€6.8b31.6x40.7x2.3x
Mon, 16 Dec 2024€264.2b€121.3b€6.7b29.7x39.1x2.2x
Wed, 13 Nov 2024€256.9b€120.6b€6.7b33.9x38.1x2.1x
Fri, 11 Oct 2024€237.2b€119.8b€6.6b31.5x36.1x2x
Sun, 08 Sep 2024€233.5b€119.8b€6.6b31.2x35.6x1.9x
Tue, 06 Aug 2024€233.5b€119.7b€6.6b31.4x35.6x1.9x
Thu, 04 Jul 2024€243.5b€116.5b€9.1b27.4x26.9x2.1x
Sat, 01 Jun 2024€267.7b€116.1b€9.0b28.6x29.6x2.3x
Mon, 29 Apr 2024€265.3b€116.1b€9.0b27.6x29.4x2.3x
Wed, 27 Mar 2024€276.5b€115.1b€8.9b27.1x31x2.4x
Fri, 23 Feb 2024€243.0b€115.8b€9.3b23.9x26.2x2.1x
Sun, 21 Jan 2024€235.0b€112.0b€9.2b23.7x25.5x2.1x
Tue, 19 Dec 2023€224.7b€112.0b€9.2b23.1x24.4x2x
Thu, 16 Nov 2023€218.3b€112.1b€9.2b24.7x23.7x1.9x
Sat, 14 Oct 2023€209.0b€110.5b€9.1b24.9x23x1.9x
Mon, 11 Sep 2023€218.0b€110.5b€9.1b26.5x24x2x
Wed, 09 Aug 2023€213.6b€110.5b€9.1b25.5x23.5x1.9x
Fri, 07 Jul 2023€207.0b€105.2b€2.9b24.9x70.4x2x
Sun, 04 Jun 2023€206.7b€105.1b€2.9b25.1x70.5x2x
Tue, 02 May 2023€208.1b€105.4b€3.7b23.9x56.7x2x
Price to Earnings Ratio

56.7x


Total Market Cap: €208.1bTotal Earnings: €3.7bTotal Revenue: €105.4bTotal Market Cap vs Earnings and Revenue0%0%0%
French Aerospace & Defense Industry Price to Earnings3Y Average 37.5x202420252026
Current Industry PE
  • Investors are pessimistic on the French Aerospace & Defense 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 21.3x which is lower than its 3-year average PE of 37.5x.
  • The industry is trading close to its 3-year average PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Aerospace & Defense industry have grown 61% per year over the last three years.
  • Revenues for these companies have grown 9.7% 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 industry?

FR Market-3.29%
Industrials-6.33%
Aerospace & Defense-10.66%
Aerospace and Defense-10.66%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MLUAV Embention Sistemas Inteligentes€41.004.1%
+€9.6m		93.4%PE51.3x
ALTD Tonner Drones€0.0321.6%
+€273.8k		95.2%PS148.6x

Latest News

AM
€296.40
Dassault Aviation société anonyme
7D
-9.2%
1Y
-0.3%
EXENS
€63.75
Exosens
7D
-2.6%
1Y
83.5%

EXENS: Defense Backlog And Rich P E Will Shape Balanced Outlook

Exosens' analyst price target has been lifted, with the fair value estimate moving by €2 to €66.83 as analysts broadly raise their targets into a future P/E of about 32.8x, citing updated views reflected in recent price target increases from multiple banks. Analyst Commentary Recent research points to a cluster of higher targets around the current fair value estimate, with price objectives now ranging from €55 to €71.
HO
€232.80
Thales
7D
-12.0%
1Y
-0.4%

HO: Defence Strength And Rising Earnings Assumptions Will Drive Future Upside Potential

Analysts have lifted the Thales price target by roughly €9, supported by updated assumptions on fair value, revenue growth, profit margin, a slightly lower future P/E multiple, and recent target changes from several research houses including UBS, Deutsche Bank, Citi, JPMorgan and Jefferies. Analyst Commentary Recent research has focused on how current execution, especially in different business segments, lines up with where the shares are trading and where analysts see fair value.
FII
€60.20
Lisi
7D
-3.1%
1Y
128.0%
SAF
€270.00
Safran
7D
-14.4%
1Y
17.3%

SAF: Dividend Growth And Electric Aviation Progress Will Support Future Repricing

Narrative Update on Safran The analyst price target for Safran has been reduced by €6 to €410. Analysts are factoring in recent target revisions and a slightly higher discount rate, alongside updated assumptions on growth, margins and future P/E.
AIR
€165.92
Airbus
7D
-7.6%
1Y
18.0%

AIR: Defense Expansion And Backlog Execution Will Support Future Upside

The analyst fair value estimate for Airbus has been adjusted from €269 to €255 as analysts factor in slightly lower revenue growth and profit margin assumptions, alongside a modestly higher discount rate and a reduced future P/E, in line with a recent series of price target cuts, neutral initiations, and mixed rating changes across the Street. Analyst Commentary Recent Street research on Airbus reflects a mixed but engaged debate, with several firms revisiting their assumptions on deliveries, profitability, and valuation.
MLHK
€35.60
H&K
7D
-4.8%
1Y
-76.3%
MLUAV
€41.00
Embention Sistemas Inteligentes
7D
4.1%
1Y
93.4%
ALTD
€0.032
Tonner Drones
7D
1.6%
1Y
95.2%
FGA
€10.00
Figeac Aero Société Anonyme
7D
-4.4%
1Y
19.0%

Returns On Capital Are Showing Encouraging Signs At Figeac Aero Société Anonyme (EPA:FGA)

Feb 13
Returns On Capital Are Showing Encouraging Signs At Figeac Aero Société Anonyme (EPA:FGA)