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French (CAC) Aerospace & Defense Industry Analysis

UpdatedFeb 23, 2026
DataAggregated Company Financials
Companies15
  • 7D1.3%
  • 3M9.7%
  • 1Y32.2%
  • YTD5.1%

Over the last 7 days, the Aerospace & Defense industry has risen 1.3%, driven by gains from Safran of 4.1%. In the last 12 months, the industry was up 32%. As for the next few years, earnings are expected to grow by 8.4% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 23 Feb 2026€385.9b€137.3b€14.4b42.6x26.9x2.8x
Wed, 21 Jan 2026€384.7b€134.3b€11.3b41.9x33.9x2.9x
Fri, 19 Dec 2025€356.7b€134.3b€11.3b39.4x31.4x2.7x
Sun, 16 Nov 2025€369.3b€134.2b€11.4b41.8x32.5x2.8x
Tue, 14 Oct 2025€367.6b€132.1b€11.2b35.5x32.8x2.8x
Thu, 11 Sep 2025€345.6b€132.0b€11.2b32.2x30.9x2.6x
Sat, 09 Aug 2025€339.4b€132.0b€11.2b34x30.4x2.6x
Mon, 07 Jul 2025€332.6b€128.7b€5.8b36.1x57.7x2.6x
Wed, 04 Jun 2025€331.7b€128.7b€5.7b29.6x57.8x2.6x
Fri, 02 May 2025€297.2b€127.9b€5.5b26.8x53.6x2.3x
Sun, 30 Mar 2025€318.2b€127.8b€5.5b31x57.4x2.5x
Tue, 25 Feb 2025€295.3b€125.2b€5.4b27x54.5x2.4x
Thu, 23 Jan 2025€278.1b€121.4b€6.8b32.8x41.1x2.3x
Sat, 21 Dec 2024€260.5b€121.3b€6.7b29.6x38.6x2.1x
Mon, 18 Nov 2024€252.9b€120.6b€6.7b32.6x37.5x2.1x
Wed, 16 Oct 2024€246.7b€119.8b€6.6b31.7x37.6x2.1x
Fri, 13 Sep 2024€239.9b€119.8b€6.6b31.5x36.5x2x
Sun, 11 Aug 2024€239.1b€119.7b€6.6b31.7x36.5x2x
Tue, 09 Jul 2024€244.4b€116.5b€9.1b27.4x27x2.1x
Thu, 06 Jun 2024€264.7b€116.1b€9.0b28.2x29.3x2.3x
Sat, 04 May 2024€262.4b€116.1b€9.0b27.3x29x2.3x
Mon, 01 Apr 2024€275.5b€115.1b€8.9b26.9x30.9x2.4x
Wed, 28 Feb 2024€244.4b€116.0b€9.3b25.5x26.4x2.1x
Fri, 26 Jan 2024€236.9b€112.0b€9.2b23.9x25.7x2.1x
Sun, 24 Dec 2023€224.4b€112.0b€9.2b23.1x24.3x2x
Tue, 21 Nov 2023€221.4b€112.1b€9.2b24.8x24x2x
Thu, 19 Oct 2023€210.7b€110.5b€9.1b24.9x23.2x1.9x
Sat, 16 Sep 2023€214.5b€110.5b€9.1b25.3x23.6x1.9x
Mon, 14 Aug 2023€212.4b€110.5b€9.1b25.3x23.4x1.9x
Wed, 12 Jul 2023€210.2b€105.2b€2.9b25.2x71.5x2x
Fri, 09 Jun 2023€203.4b€105.1b€2.9b24.5x69.3x1.9x
Sun, 07 May 2023€201.9b€105.1b€2.9b25.8x69.3x1.9x
Tue, 04 Apr 2023€205.0b€105.3b€3.7b23.2x55.7x1.9x
Thu, 02 Mar 2023€200.1b€105.1b€3.6b22.7x56.4x1.9x
Price to Earnings Ratio

56.4x


Total Market Cap: €200.1bTotal Earnings: €3.6bTotal Revenue: €105.1bTotal Market Cap vs Earnings and Revenue0%0%0%
French Aerospace & Defense Industry Price to Earnings3Y Average 39.3x202420252026
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 26.9x which is lower than its 3-year average PE of 39.3x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
  • The earnings for companies in the Aerospace & Defense industry have grown 59% per year over the last three years.
  • Revenues for these companies have grown 9.3% 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 Market2.89%
Industrials1.72%
Aerospace & Defense1.33%
Aerospace and Defense1.33%
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
SAF Safran€346.404.1%
+€5.7b		41.9%PE20.1x
HO Thales€264.407.8%
+€3.9b		45.1%PE51.9x
AM Dassault Aviation société anonyme€353.407.2%
+€1.8b		51.0%PE35.3x
EXENS Exosens€61.508.8%
+€253.8m		157.4%PE56x
MLHK H&K€37.4020.6%
+€227.1m		-66.0%PE39.1x

Latest News

EXENS
€61.50
Exosens
7D
8.8%
1Y
157.4%

EXENS: Future Defense Contracts Will Still Reveal Extended Overvaluation Risk

Analysts have nudged their price target on Exosens slightly higher to €39.06 from €38.30, citing updated assumptions around revenue growth, profit margins, discount rate, and future P/E, which together support a modest uplift in estimated fair value. What's in the News Theon International completed the acquisition of a 9.8% stake in Exosens for about €268.7 million at €54 per share, making Theon the second largest shareholder after Groupe HLD, following regulatory clearances and closing on January 7, 2026 (Key Developments).
AM
€353.40
Dassault Aviation société anonyme
7D
7.2%
1Y
51.0%

AM: Market Perform Downgrade And Execution Risks Will Pressure Future Returns

Analysts have nudged their price targets for Dassault Aviation société anonyme higher, with recent increases of €10 and €29, and a move to €310. These changes are based on finely tuned assumptions on discount rate, revenue growth, profit margin and future P/E, while incorporating a more mixed sector view reflected in a downgrade to Market Perform.
SAF
€346.40
Safran
7D
4.1%
1Y
41.9%

SAF: UK R&T Expansion And Dividend Policy Will Support Future Repricing

Analysts have raised their fair value estimate for Safran from €382 to €416, citing updated assumptions on margins, growth, and P/E, which align with a recent increase in the Street's price target to €342. Analyst Commentary Bullish analysts are pointing to recent price target revisions as a sign of growing confidence in Safran's ability to support higher valuation assumptions, especially as estimates for margins, growth, and P/E are refreshed.
AIR
€189.74
Airbus
7D
-3.8%
1Y
15.5%
MLHK
€37.40
H&K
7D
20.6%
1Y
-66.0%
FGA
€11.00
Figeac Aero Société Anonyme
7D
15.1%
1Y
31.3%

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)
HO
€264.40
Thales
7D
7.8%
1Y
45.1%

HO: Cyber Execution Risks Will Temper Upside Despite Defense And AI Security Momentum

Analysts have nudged their price expectations for Thales higher by €5, supported by slightly stronger assumptions on revenue growth and profit margins, as well as a modest adjustment to the future P/E they apply. Analyst Commentary Recent research has been generally constructive on Thales, with several firms adjusting their stances and price assumptions.
MLUAV
€46.00
Embention Sistemas Inteligentes
7D
-8.0%
1Y
123.3%
EXA
€122.80
Exail Technologies
7D
10.2%
1Y
376.9%
FII
€63.40
Lisi
7D
7.5%
1Y
126.4%

A Look At The Intrinsic Value Of Lisi S.A. (EPA:FII)

Jan 31
A Look At The Intrinsic Value Of Lisi S.A. (EPA:FII)
ALNSE
€42.60
NSE
7D
-2.3%
1Y
43.0%

NSE S.A.'s (EPA:ALNSE) Share Price Not Quite Adding Up

Jan 10
NSE S.A.'s (EPA:ALNSE) Share Price Not Quite Adding Up
LAT
€0.017
Latécoère
7D
-1.7%
1Y
57.8%

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
ALTD
€0.03
Tonner Drones
7D
-0.7%
1Y
148.4%