Narrative Update • Jul 10
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French (CAC) Real Estate Sector Analysis
UpdatedJul 15, 2026
DataAggregated Company Financials
Companies88
- 7D-0.04%
- 3M-3.2%
- 1Y5.5%
- YTD2.5%
In the last week, Real Estate has been flat. As for the the longer term, the industry is up 5.5% over the past 12 months. Looking forward, earnings are forecast to grow by 11% annually.
Sector Valuation and Performance
Has the French Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 16 Jul 2026 | €59.5b | €20.0b | €4.6b | 12x | 13x | 3x |
| Sat, 13 Jun 2026 | €59.9b | €20.0b | €4.6b | 12.8x | 13.2x | 3x |
| Mon, 11 May 2026 | €59.9b | €19.9b | €4.5b | 13.5x | 13.3x | 3x |
| Wed, 08 Apr 2026 | €58.5b | €19.9b | €4.5b | 13.5x | 13x | 2.9x |
| Fri, 06 Mar 2026 | €59.1b | €20.2b | €4.4b | 12.8x | 13.3x | 2.9x |
| Sun, 01 Feb 2026 | €57.5b | €21.0b | €3.5b | 16.7x | 16.2x | 2.7x |
| Tue, 30 Dec 2025 | €57.9b | €21.4b | €3.4b | 15.1x | 17x | 2.7x |
| Thu, 27 Nov 2025 | €57.5b | €21.4b | €3.4b | 14.4x | 16.9x | 2.7x |
| Sat, 25 Oct 2025 | €57.7b | €21.4b | €3.4b | 15.9x | 16.9x | 2.7x |
| Mon, 22 Sep 2025 | €61.3b | €21.7b | €3.7b | 16x | 16.8x | 2.8x |
| Wed, 20 Aug 2025 | €62.9b | €21.7b | €3.7b | 15.5x | 17.2x | 2.9x |
| Fri, 18 Jul 2025 | €58.9b | €22.0b | €2.3b | 18.5x | 25.5x | 2.7x |
| Sun, 15 Jun 2025 | €60.3b | €22.0b | €2.3b | 15.9x | 26x | 2.7x |
| Tue, 13 May 2025 | €58.1b | €22.0b | €2.1b | 19.2x | 27.2x | 2.6x |
| Thu, 10 Apr 2025 | €52.7b | €22.2b | €2.0b | 14.8x | 26.4x | 2.4x |
| Sat, 08 Mar 2025 | €56.8b | €21.8b | €1.9b | 19x | 30x | 2.6x |
| Mon, 03 Feb 2025 | €57.5b | €21.4b | -€4,182,804,558.00 | 16.7x | -13.7x | 2.7x |
| Wed, 01 Jan 2025 | €54.3b | €21.3b | -€4,183,415,558.00 | 16.3x | -13x | 2.5x |
| Fri, 29 Nov 2024 | €55.7b | €21.4b | -€4,195,317,558.00 | 17.9x | -13.3x | 2.6x |
| Sun, 27 Oct 2024 | €57.5b | €21.5b | -€4,179,798,290.00 | 18x | -13.7x | 2.7x |
| Tue, 24 Sep 2024 | €58.4b | €21.6b | -€4,206,680,673.00 | 19.2x | -13.9x | 2.7x |
| Thu, 22 Aug 2024 | €54.1b | €21.7b | -€4,240,706,673.00 | 19x | -12.8x | 2.5x |
| Sat, 20 Jul 2024 | €52.5b | €21.8b | -€7,749,238,673.00 | 19.2x | -6.8x | 2.4x |
| Mon, 17 Jun 2024 | €52.4b | €21.8b | -€7,828,267,496.00 | 21.9x | -6.7x | 2.4x |
| Wed, 15 May 2024 | €54.6b | €21.9b | -€7,803,669,966.00 | 18.9x | -7x | 2.5x |
| Fri, 12 Apr 2024 | €52.0b | €21.8b | -€7,760,249,446.00 | 16.8x | -6.7x | 2.4x |
| Sun, 10 Mar 2024 | €51.4b | €21.9b | -€7,408,980,446.00 | 15.6x | -6.9x | 2.3x |
| Tue, 06 Feb 2024 | €52.4b | €22.8b | -€2,897,997,446.00 | 15.1x | -18.1x | 2.3x |
| Thu, 04 Jan 2024 | €54.2b | €22.8b | -€3,124,128,940.00 | 15x | -17.4x | 2.4x |
| Sat, 02 Dec 2023 | €51.4b | €23.0b | -€3,072,184,940.00 | 13.8x | -16.7x | 2.2x |
| Mon, 30 Oct 2023 | €44.9b | €22.9b | -€3,048,910,167.00 | 12.5x | -14.7x | 2x |
| Wed, 27 Sep 2023 | €47.2b | €23.0b | -€3,011,204,711.00 | 13.4x | -15.7x | 2.1x |
| Fri, 25 Aug 2023 | €48.4b | €22.9b | -€2,405,307,503.00 | 12.8x | -20.1x | 2.1x |
| Sun, 23 Jul 2023 | €51.1b | €23.3b | €1.2b | 13.3x | 42.3x | 2.2x |
Price to Earnings Ratio
42.3x
Current Industry PE
- Investors are optimistic on the French Real Estate industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 13.0x which is higher than its 3-year average PE of 2.1x.
- The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.0x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 56% per year over the last three years.
- Meanwhile revenues for these companies have declined 4.9% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the French Real Estate sector?
| FR Market | -1.14% | |
| Real Estate | -0.041% | |
| Office REITs | 1.55% | |
| Retail REITs | 0.068% | |
| Specialized REITs | 0% | 0 |
| Health Care REITs | 0% | 0 |
| REITS | -0.18% | |
| Real Estate | -0.53% | |
| Residential REITs | -0.55% | |
| Industrial REITs | -0.73% | |
| Hotel and Resort REITs | -2.25% | |
Industry PE
- Investors are most optimistic about the Residential REITs industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 37.2%, which is higher than its past year's earnings growth of 18.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 77% over the next 5 years.
- This is better than its past earnings growth rate of 14% per year.
- In contrast, the Industrial REITs industry is expected to see its earnings decline by 8.1% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| LI Klépierre | €36.78 | 3.4% +€349.3m | 13.1% | PB1.1x | |
| URW Unibail-Rodamco-Westfield | €103.15 | 2.4% +€346.1m | 29.7% | PB0.8x | |
| GFC Gecina | €72.80 | 5.1% +€263.1m | -16.8% | PB0.5x | |
| ALTA Altarea | €96.90 | 2.9% +€62.9m | -1.7% | PB1.4x | |
| ARG Argan | €62.50 | 3.3% +€51.5m | -1.9% | PB0.7x |
