Narrative Update • Aug 09
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French (CAC) Real Estate Sector Analysis
UpdatedAug 30, 2026
DataAggregated Company Financials
Companies87
- 7D-2.4%
- 3M-0.5%
- 1Y0.8%
- YTD0.7%
Over the last 7 days, the Real Estate industry has dropped 2.4%, driven by Unibail-Rodamco-Westfield declining 4.0%. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 15% per annum.
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 |
|---|---|---|---|---|---|---|
| Sun, 30 Aug 2026 | €58.2b | €19.9b | €4.7b | 12.3x | 12.4x | 2.9x |
| Tue, 28 Jul 2026 | €61.5b | €20.1b | €4.0b | 13.7x | 15.2x | 3.1x |
| Thu, 25 Jun 2026 | €59.8b | €20.0b | €4.6b | 12.6x | 13.1x | 3x |
| Sat, 23 May 2026 | €58.8b | €19.9b | €4.5b | 13.1x | 13x | 2.9x |
| Mon, 20 Apr 2026 | €62.1b | €20.0b | €4.5b | 13.6x | 13.8x | 3.1x |
| Wed, 18 Mar 2026 | €58.3b | €20.2b | €4.5b | 12.8x | 13.1x | 2.9x |
| Fri, 13 Feb 2026 | €58.6b | €21.0b | €3.5b | 16.6x | 16.8x | 2.8x |
| Sun, 11 Jan 2026 | €58.2b | €21.0b | €3.5b | 15.1x | 16.4x | 2.8x |
| Tue, 09 Dec 2025 | €57.1b | €21.4b | €3.4b | 14.3x | 16.7x | 2.7x |
| Thu, 06 Nov 2025 | €56.2b | €21.3b | €3.4b | 15x | 16.4x | 2.6x |
| Sat, 04 Oct 2025 | €58.0b | €21.3b | €3.4b | 16x | 16.9x | 2.7x |
| Mon, 01 Sep 2025 | €61.0b | €21.7b | €3.7b | 15.2x | 16.7x | 2.8x |
| Wed, 30 Jul 2025 | €60.4b | €21.9b | €2.9b | 16.2x | 20.7x | 2.8x |
| Fri, 27 Jun 2025 | €59.4b | €22.0b | €2.3b | 17.7x | 25.6x | 2.7x |
| Sun, 25 May 2025 | €59.2b | €21.9b | €2.3b | 15.4x | 25.5x | 2.7x |
| Tue, 22 Apr 2025 | €57.4b | €22.0b | €2.0b | 15.9x | 28.9x | 2.6x |
| Thu, 20 Mar 2025 | €57.5b | €21.9b | €1.9b | 19.2x | 29.8x | 2.6x |
| Sat, 15 Feb 2025 | €58.8b | €21.5b | -€2,113,841,951.00 | 17.5x | -27.8x | 2.7x |
| Mon, 13 Jan 2025 | €54.5b | €21.4b | -€4,340,259,558.00 | 16.4x | -12.6x | 2.6x |
| Wed, 11 Dec 2024 | €54.3b | €21.4b | -€4,195,317,558.00 | 16.9x | -12.9x | 2.5x |
| Fri, 08 Nov 2024 | €55.4b | €21.3b | -€4,261,221,984.00 | 18.1x | -13x | 2.6x |
| Sun, 06 Oct 2024 | €58.0b | €21.6b | -€4,219,084,290.00 | 19.1x | -13.8x | 2.7x |
| Tue, 03 Sep 2024 | €55.6b | €21.7b | -€4,240,479,673.00 | 18.9x | -13.1x | 2.6x |
| Thu, 01 Aug 2024 | €53.2b | €21.6b | -€4,751,577,673.00 | 19.2x | -11.2x | 2.5x |
| Sat, 29 Jun 2024 | €51.6b | €21.9b | -€7,829,988,652.00 | 19.7x | -6.6x | 2.4x |
| Mon, 27 May 2024 | €55.8b | €21.9b | -€7,817,665,424.00 | 19.9x | -7.1x | 2.6x |
| Wed, 24 Apr 2024 | €52.8b | €21.8b | -€7,789,013,727.00 | 16.7x | -6.8x | 2.4x |
| Fri, 22 Mar 2024 | €52.0b | €22.0b | -€7,520,006,446.00 | 15.7x | -6.9x | 2.4x |
| Sun, 18 Feb 2024 | €51.9b | €22.7b | -€5,490,171,446.00 | 14.8x | -9.4x | 2.3x |
| Tue, 16 Jan 2024 | €54.0b | €22.8b | -€3,124,128,940.00 | 15.5x | -17.3x | 2.4x |
| Thu, 14 Dec 2023 | €52.1b | €23.0b | -€3,098,193,940.00 | 13.6x | -16.8x | 2.3x |
| Sat, 11 Nov 2023 | €47.6b | €23.0b | -€3,060,516,167.00 | 12.8x | -15.6x | 2.1x |
| Mon, 09 Oct 2023 | €46.2b | €22.9b | -€3,026,234,711.00 | 12.7x | -15.3x | 2x |
| Wed, 06 Sep 2023 | €49.4b | €22.9b | -€2,663,713,503.00 | 13.8x | -18.5x | 2.2x |
Price to Earnings Ratio
-18.5x
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 12.4x which is higher than its 3-year average PE of 3.0x.
- The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
- Total earnings for the Real Estate industry have gone up over the last three years and the industry is now profitable.
- Revenues have declined 4.6% per year.
- This means that less sales are being generated overall, but since the 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 | -0.74% | |
| Real Estate | -2.43% | |
| Industrial REITs | 0.99% | |
| Specialized REITs | 0% | 0 |
| Hotel and Resort REITs | 0% | 0 |
| Health Care REITs | 0% | 0 |
| Real Estate | -1.06% | |
| REITS | -2.34% | |
| Residential REITs | -3.00% | |
| Office REITs | -3.01% | |
| Retail REITs | -3.11% | |
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 36.1%, which is higher than its past year's earnings decline of 1.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 79% over the next 5 years.
- This is better than its past earnings growth rate of 16% per year.
- In contrast, the Industrial REITs industry is expected to see its earnings decline by 7.2% 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 | |
|---|---|---|---|---|---|
| ARG Argan | €73.30 | 1.2% +€23.2m | 13.3% | PB0.8x | |
| MLMTP Montepino Logística SOCIMI | €10.10 | 1.0% +€8.6m | 6.3% | PB1.1x | |
| INEA Fonciere Inea | €32.80 | 1.9% +€6.5m | 0% | PB0.7x | |
| ORIA Fiducial Real Estate | €168.00 | 1.2% +€4.8m | -2.3% | PE17.4x | |
| BLEE Bleecker Société Anonyme | €110.00 | 2.8% +€3.4m | 0.9% | PB0.6x |