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French (CAC) Aerospace & Defense Industry Analysis

UpdatedJan 21, 2026
DataAggregated Company Financials
Companies15
  • 7D-3.1%
  • 3M3.5%
  • 1Y38.7%
  • YTD4.9%

Over the last 7 days, the Aerospace & Defense industry has dropped 3.1%, driven by a pullback from Airbus of 5.6%. Meanwhile, Dassault Aviation société anonyme actually outperformed within the industry, gaining 5.4% in the last week. This takes the industry's 12 month performance to a gain of 39%. Earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Sat, 28 Jan 2023€191.9b€98.9b€1.5b22.2x126.6x1.9x
Price to Earnings Ratio

126.6x


Total Market Cap: €191.9bTotal Earnings: €1.5bTotal Revenue: €98.9bTotal Market Cap vs Earnings and Revenue0%0%0%
French Aerospace & Defense Industry Price to Earnings3Y Average 42x202420252026
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 33.9x which is lower than its 3-year average PE of 42.0x.
  • The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Aerospace & Defense industry have grown 96% per year over the last three years.
  • Revenues for these companies have grown 11% 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-3.82%
Industrials-2.68%
Aerospace & Defense-3.09%
Aerospace and Defense-3.09%
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
AM Dassault Aviation société anonyme€331.005.4%
+€1.3b		58.7%PE33.1x
EXA Exail Technologies€106.802.9%
+€50.9m		470.5%PE1580.3x
EXENS Exosens€56.901.4%
+€40.6m		173.6%PE51.8x
HO Thales€264.300.04%
+€20.5m		74.9%PE51.9x

Latest News

EXA
€106.80
Exail Technologies
7D
2.9%
1Y
470.5%

Market Participants Recognise Exail Technologies' (EPA:EXA) Revenues Pushing Shares 29% Higher

Jan 13
Market Participants Recognise Exail Technologies' (EPA:EXA) Revenues Pushing Shares 29% Higher
HO
€264.30
Thales
7D
0.04%
1Y
74.9%

HO: Cyber Margin Drag Will Constrain Upside Despite Defense And Aerospace Execution

Analysts have nudged their price targets on Thales higher into a €250 to €275 range, pointing to solid Q3 performance in Defense and Aerospace, a slightly lower discount rate, and a modestly higher future P/E assumption, while continuing to flag Cyber as a key margin headwind. Analyst Commentary Recent research on Thales has centered on how to balance strong Q3 delivery in Defense and Aerospace with ongoing pressure in Cyber and questions around how much optimism is already reflected in current valuation multiples.
ALNSE
€46.00
NSE
7D
-5.3%
1Y
63.1%

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
EXENS
€56.90
Exosens
7D
1.4%
1Y
173.6%

EXENS: Future Defense Contracts Will Expose Overvaluation Risk Despite Extended Supply Agreement

Analysts have raised their price target on Exosens to about $38.30 from $33.50, citing updated assumptions for fair value, discount rate, revenue, profit margin and future P/E that they see as better reflecting the company’s current outlook. What's in the News Theon International completed the acquisition of a 9.8% stake in Exosens from Invest Gamma, HLD Europe S.C.A. and Invest Prince Henri SCA for about €268.7 million at €54 per share.
AM
€331.00
Dassault Aviation société anonyme
7D
5.4%
1Y
58.7%

AM: Execution On Defense Programs Will Support Future Earnings Trajectory

Analysts trimmed their price target on Dassault Aviation société anonyme from about €383 to roughly €379, citing a more cautious stance on European defense names and a shift in preference toward larger local champions with broader portfolios. Analyst Commentary Recent commentary around Dassault Aviation société anonyme reflects a more cautious tone on European defense, with some experts expecting share performance across the sector to be more mixed this year.
SAF
€316.30
Safran
7D
-2.9%
1Y
39.0%

SAF: Elevated Margin Hurdles Will Pressure Outlook Despite UK Expansion

Our analyst price target for Safran has edged slightly lower to €265 from €268, even as Street analysts lift their targets to a range of €350 to €360 on the back of updated guidance and implied EBIT strength. This relies on higher profit margins and a modestly lower future P/E multiple in our model.
FGA
€11.25
Figeac Aero Société Anonyme
7D
-2.2%
1Y
83.2%
AIR
€207.95
Airbus
7D
-5.6%
1Y
27.3%

AIR: Delivery Execution And New Orders Will Support Steady Future Cash Generation

Our Airbus fair value estimate edges slightly lower to €224.25, even as analysts lift price targets into a €205 to €240 range, based on better than expected Q3 results, solid margins, strong free cash flow, and reiterated guidance that now factors in tariff and headwind costs. Analyst Commentary Recent Street research on Airbus clusters around a higher valuation range, with several firms lifting price targets following the latest Q3 update, stronger than expected profitability metrics, and reaffirmed guidance that now explicitly includes tariff and headwind costs.
MLHK
€42.00
H&K
7D
-0.9%
1Y
-63.5%

H&K (EPA:MLHK) Has A Pretty Healthy Balance Sheet

Jan 06
H&K (EPA:MLHK) Has A Pretty Healthy Balance Sheet
LAT
€0.017
Latécoère
7D
-4.9%
1Y
96.6%

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
FII
€55.00
Lisi
7D
-2.3%
1Y
106.8%

With EPS Growth And More, Lisi (EPA:FII) Makes An Interesting Case

Dec 29
With EPS Growth And More, Lisi (EPA:FII) Makes An Interesting Case
ALSOG
€27.50
Sogeclair
7D
-2.5%
1Y
44.0%