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French (CAC) Aerospace & Defense Industry Analysis

UpdatedMar 31, 2026
DataAggregated Company Financials
Companies15
  • 7D-3.3%
  • 3M-9.4%
  • 1Y3.3%
  • YTD-11.8%

Over the last 7 days, the Aerospace & Defense industry has dropped 1.5%, driven by Airbus declining 3.6%. In contrast, Latécoère has gained 14%. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 8.9% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 31 Mar 2026€323.9b€138.9b€15.2b33.4x21.3x2.3x
Thu, 26 Feb 2026€377.9b€137.4b€14.4b42.1x26.3x2.8x
Sat, 24 Jan 2026€380.2b€134.3b€11.3b41.5x33.5x2.8x
Mon, 22 Dec 2025€360.1b€134.3b€11.3b40x31.7x2.7x
Wed, 19 Nov 2025€365.9b€134.2b€11.4b41.4x32.2x2.7x
Fri, 17 Oct 2025€371.5b€132.1b€11.2b35.2x33.1x2.8x
Sun, 14 Sep 2025€355.6b€132.0b€11.2b33.1x31.8x2.7x
Tue, 12 Aug 2025€337.0b€132.0b€11.2b33x30.1x2.6x
Thu, 10 Jul 2025€343.0b€128.7b€5.8b37x59.5x2.7x
Sat, 07 Jun 2025€328.4b€128.7b€5.7b31.1x57.2x2.6x
Mon, 05 May 2025€310.4b€128.6b€5.7b27.4x54.1x2.4x
Wed, 02 Apr 2025€319.6b€127.9b€5.5b31.3x57.6x2.5x
Fri, 28 Feb 2025€300.1b€125.2b€5.4b27.3x55.4x2.4x
Sun, 26 Jan 2025€285.0b€121.4b€6.8b32.8x42.2x2.3x
Tue, 24 Dec 2024€259.5b€121.3b€6.7b29.5x38.4x2.1x
Thu, 21 Nov 2024€253.6b€120.6b€6.7b32.7x37.6x2.1x
Sat, 19 Oct 2024€253.6b€119.8b€6.6b32.4x38.6x2.1x
Mon, 16 Sep 2024€240.7b€119.8b€6.6b31.9x36.7x2x
Wed, 14 Aug 2024€239.5b€119.7b€6.6b31.9x36.5x2x
Fri, 12 Jul 2024€240.4b€116.5b€9.1b26.6x26.5x2.1x
Sun, 09 Jun 2024€263.4b€116.4b€9.0b30.3x29.2x2.3x
Tue, 07 May 2024€265.0b€116.1b€9.0b27.7x29.3x2.3x
Thu, 04 Apr 2024€272.3b€115.1b€8.9b26.9x30.5x2.4x
Sat, 02 Mar 2024€248.1b€116.0b€9.3b25.6x26.8x2.1x
Mon, 29 Jan 2024€238.3b€112.0b€9.2b23.7x25.8x2.1x
Wed, 27 Dec 2023€224.4b€112.0b€9.2b23.1x24.3x2x
Fri, 24 Nov 2023€223.1b€112.1b€9.2b24.8x24.2x2x
Sun, 22 Oct 2023€204.9b€110.5b€9.1b24.6x22.6x1.9x
Tue, 19 Sep 2023€215.1b€110.5b€9.1b24.8x23.7x1.9x
Thu, 17 Aug 2023€209.2b€110.5b€9.1b25.1x23x1.9x
Sat, 15 Jul 2023€212.0b€105.2b€2.9b26x72.1x2x
Mon, 12 Jun 2023€205.2b€105.1b€2.9b24.7x70x2x
Wed, 10 May 2023€201.7b€105.1b€2.9b26.1x69.2x1.9x
Fri, 07 Apr 2023€207.2b€105.3b€3.7b23.4x56.4x2x
Price to Earnings Ratio

56.4x


Total Market Cap: €207.2bTotal Earnings: €3.7bTotal Revenue: €105.3bTotal Market Cap vs Earnings and Revenue0%0%0%
French Aerospace & Defense Industry Price to Earnings3Y Average 38.3x202420252026
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 38.3x.
  • 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 60% 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 Market0.36%
Industrials-3.01%
Aerospace & Defense-3.27%
Aerospace and Defense-3.27%
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
HO Thales€246.102.9%
+€1.4b		0.2%PE30.2x
FII Lisi€51.101.4%
+€32.0m		75.3%PE36.9x
LAT Latécoère€0.01912.4%
+€26.7m		11.1%PS0.3x

Latest News

SAF
€274.40
Safran
7D
-4.5%
1Y
13.4%
EXENS
€59.30
Exosens
7D
-6.0%
1Y
75.3%

EXENS: Defense Backlog And New Shareholder Support Will Shape Balanced Outlook

Exosens' analyst price targets have moved higher, with recent updates ranging from about €55 to €71 as analysts factor in their latest views on growth, margins and valuation multiples, while the model's fair value estimate remains steady at €64.83. Analyst Commentary Recent Street research on Exosens clusters around higher price targets in a relatively tight band, giving you a clearer sense of how the market is framing potential risk and reward.
HO
€246.10
Thales
7D
2.9%
1Y
0.2%

HO: Defence Strength And Cyber Turnaround Will Support Stronger Medium Term Earnings Power

The analyst price target for Thales has been lifted modestly, with the new fair value estimate moving by about €1 to €354.79. Analysts are factoring in slightly different discount rate assumptions alongside updated views on revenue growth, profit margins, and future P/E, supported by recent upgrades and target increases from several firms, as well as a downgrade that cited Cyber & Digital headwinds and higher expected interest and tax charges.
EXA
€116.80
Exail Technologies
7D
-15.7%
1Y
210.6%

The Strong Earnings Posted By Exail Technologies (EPA:EXA) Are A Good Indication Of The Strength Of The Business

Mar 26
The Strong Earnings Posted By Exail Technologies (EPA:EXA) Are A Good Indication Of The Strength Of The Business
AM
€313.20
Dassault Aviation société anonyme
7D
-3.0%
1Y
2.7%

AM: Mixed Rating Shifts And Execution Demands Will Shape Future Return Potential

Analysts have lifted the fair value estimate for Dassault Aviation société anonyme to €300 from about €271.90, reflecting updated assumptions on discount rate, revenue growth, profit margins, and a slightly higher future P/E. This is in line with recent upward shifts in Street price targets from firms such as Jefferies, Citi, and Berenberg, and is offset in part by a more cautious stance from Bernstein.
FII
€51.10
Lisi
7D
1.4%
1Y
75.3%
AIR
€159.18
Airbus
7D
-4.3%
1Y
-2.2%

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.
MLUAV
€40.00
Embention Sistemas Inteligentes
7D
-8.7%
1Y
122.2%
MLHK
€35.00
H&K
7D
-2.2%
1Y
-79.4%
FGA
€9.22
Figeac Aero Société Anonyme
7D
-5.7%
1Y
6.5%

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)
LAT
€0.019
Latécoère
7D
12.4%
1Y
11.1%

Even With A 26% Surge, Cautious Investors Are Not Rewarding Latécoère S.A.'s (EPA:LAT) Performance Completely

Jan 03
Even With A 26% Surge, Cautious Investors Are Not Rewarding Latécoère S.A.'s (EPA:LAT) Performance Completely