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French (CAC) Aerospace & Defense Industry Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies15
  • 7D-1.7%
  • 3M-1.5%
  • 1Y7.9%
  • YTD-5.1%

Over the last 7 days, the Aerospace & Defense industry has dropped 1.7%, driven by pullbacks in Airbus and Safran of 4.1% and 4.2%, respectively. In contrast, Thales has gained 5.2%. This takes the industry's 12 month performance to a gain of 7.9%. Looking forward, earnings are forecast to grow by 8.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 16 Mar 2026€348.4b€138.9b€15.2b33.3x22.9x2.5x
Wed, 11 Feb 2026€364.8b€134.3b€11.3b36.7x32.1x2.7x
Fri, 09 Jan 2026€391.8b€134.3b€11.3b43.5x34.5x2.9x
Sun, 07 Dec 2025€353.5b€134.3b€11.4b41x31.1x2.6x
Tue, 04 Nov 2025€381.1b€134.2b€11.4b40.1x33.6x2.8x
Thu, 02 Oct 2025€368.0b€132.1b€11.2b38.1x32.8x2.8x
Sat, 30 Aug 2025€337.8b€132.0b€11.2b33.9x30.2x2.6x
Mon, 28 Jul 2025€335.4b€129.8b€5.7b40.3x59.2x2.6x
Wed, 25 Jun 2025€324.2b€128.7b€5.8b40.8x56.2x2.5x
Fri, 23 May 2025€322.4b€128.6b€5.7b28.7x56.2x2.5x
Sun, 20 Apr 2025€280.5b€127.9b€5.5b25.7x50.6x2.2x
Tue, 18 Mar 2025€324.6b€127.7b€5.6b29.2x57.7x2.5x
Thu, 13 Feb 2025€293.9b€121.4b€6.8b32.8x43.5x2.4x
Sat, 11 Jan 2025€268.9b€121.4b€6.8b31x39.8x2.2x
Mon, 09 Dec 2024€262.9b€120.7b€6.7b30.5x39x2.2x
Wed, 06 Nov 2024€255.2b€120.6b€6.7b32.3x37.9x2.1x
Fri, 04 Oct 2024€238.5b€119.8b€6.6b31.6x36.3x2x
Sun, 01 Sep 2024€246.2b€119.8b€6.6b32.7x37.5x2.1x
Tue, 30 Jul 2024€236.5b€117.6b€9.2b24x25.7x2x
Thu, 27 Jun 2024€236.5b€116.4b€9.0b26.4x26.2x2x
Sat, 25 May 2024€271.6b€116.1b€9.0b29x30.1x2.3x
Mon, 22 Apr 2024€265.2b€115.1b€8.9b26.9x29.7x2.3x
Wed, 20 Mar 2024€267.2b€115.1b€8.9b26.8x30x2.3x
Fri, 16 Feb 2024€243.5b€112.0b€9.2b24.5x26.4x2.2x
Sun, 14 Jan 2024€238.4b€112.0b€9.2b24.4x25.8x2.1x
Tue, 12 Dec 2023€229.3b€112.0b€9.2b23.7x24.9x2x
Thu, 09 Nov 2023€215.2b€110.5b€9.1b24.3x23.7x1.9x
Sat, 07 Oct 2023€204.4b€110.5b€9.1b23.3x22.5x1.8x
Mon, 04 Sep 2023€214.8b€110.5b€9.1b25.6x23.7x1.9x
Wed, 02 Aug 2023€214.2b€110.5b€9.1b25.5x23.6x1.9x
Fri, 30 Jun 2023€212.2b€105.1b€2.9b25.6x72.3x2x
Sun, 28 May 2023€205.0b€105.1b€2.9b25.3x69.9x2x
Tue, 25 Apr 2023€210.0b€105.4b€3.7b24.2x57.2x2x
Thu, 23 Mar 2023€201.4b€105.7b€3.6b22.8x56.1x1.9x
Price to Earnings Ratio

56.1x


Total Market Cap: €201.4bTotal Earnings: €3.6bTotal Revenue: €105.7bTotal Market Cap vs Earnings and Revenue0%0%0%
French Aerospace & Defense Industry Price to Earnings3Y Average 38.7x202420252026
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 22.9x which is lower than its 3-year average PE of 38.7x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Aerospace & Defense industry have grown 62% per year over the last three years.
  • Revenues for these companies have grown 9.5% 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-0.66%
Industrials-0.68%
Aerospace & Defense-1.73%
Aerospace and Defense-1.73%
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€253.802.5%
+€1.3b		2.2%PE31.1x
AM Dassault Aviation société anonyme€348.802.8%
+€744.4m		11.4%PE27.7x
EXENS Exosens€66.901.5%
+€46.3m		96.4%PE48.3x
ALSOG Sogeclair€33.609.4%
+€8.9m		41.8%PE18x
MLHK H&K€34.600.6%
+€7.1m		-74.2%PE36.1x

Latest News

ALSOG
€33.60
Sogeclair
7D
9.4%
1Y
41.8%
EXENS
€66.90
Exosens
7D
1.5%
1Y
96.4%

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.
HO
€253.80
Thales
7D
2.5%
1Y
2.2%

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.
AM
€348.80
Dassault Aviation société anonyme
7D
2.8%
1Y
11.4%
ALNSE
€49.90
NSE
7D
3.3%
1Y
22.6%
SAF
€304.40
Safran
7D
-3.3%
1Y
20.4%

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.
MLUAV
€41.00
Embention Sistemas Inteligentes
7D
-8.9%
1Y
113.5%
AIR
€168.38
Airbus
7D
-4.0%
1Y
-1.7%

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.
ALTD
€0.033
Tonner Drones
7D
5.8%
1Y
43.5%
FII
€49.20
Lisi
7D
-3.1%
1Y
63.7%
MLHK
€34.60
H&K
7D
0.6%
1Y
-74.2%
FGA
€9.26
Figeac Aero Société Anonyme
7D
-7.0%
1Y
-7.4%

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)
EXA
€127.60
Exail Technologies
7D
-1.2%
1Y
281.5%
ALODY
€28.80
Odyssee Technologies
7D
6.9%
1Y
60.0%

Odyssee Technologies (EPA:ALODY) Shareholders Will Want The ROCE Trajectory To Continue

Feb 03
Odyssee Technologies (EPA:ALODY) Shareholders Will Want The ROCE Trajectory To Continue
LAT
€0.017
Latécoère
7D
-3.4%
1Y
-13.3%

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