Estimating The Intrinsic Value Of Neurones S.A. (EPA:NRO)
Nov 07
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French (CAC) Tech Sector Analysis
UpdatedNov 07, 2025
DataAggregated Company Financials
Companies95
- 7D-4.5%
- 3M-9.1%
- 1Y-20.2%
- YTD-20.0%
Over the last 7 days, the Tech industry has dropped 3.1%, driven by Dassault Systèmes declining 5.3%. Meanwhile, Société Industrielle et Financière de l'Artois Société anonyme actually outperformed within the industry, gaining 5.8% in the last week. The industry has fallen 17% in the last year. Looking forward, earnings are forecast to grow by 19% annually.
Sector Valuation and Performance
Has the French Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 07 Nov 2025 | €95.0b | €63.7b | €4.0b | 20x | 23.6x | 1.5x |
| Sun, 05 Oct 2025 | €108.9b | €63.3b | €4.1b | 18.9x | 26.4x | 1.7x |
| Tue, 02 Sep 2025 | €101.8b | €63.3b | €4.2b | 15.8x | 24.2x | 1.6x |
| Thu, 31 Jul 2025 | €110.1b | €73.2b | €4.6b | 16.6x | 24x | 1.5x |
| Sat, 28 Jun 2025 | €118.2b | €73.1b | €5.1b | 16.8x | 23.3x | 1.6x |
| Mon, 26 May 2025 | €116.0b | €73.4b | €5.1b | 15.8x | 22.7x | 1.6x |
| Wed, 23 Apr 2025 | €107.8b | €74.0b | €5.5b | 15.2x | 19.7x | 1.5x |
| Fri, 21 Mar 2025 | €128.0b | €77.4b | €5.6b | 18.3x | 23x | 1.7x |
| Sun, 16 Feb 2025 | €136.1b | €68.4b | €5.3b | 17.1x | 25.4x | 2x |
| Tue, 14 Jan 2025 | €123.3b | €69.8b | €5.9b | 16.5x | 21.1x | 1.8x |
| Thu, 12 Dec 2024 | €127.9b | €69.7b | €5.8b | 16.8x | 22x | 1.8x |
| Sat, 09 Nov 2024 | €123.8b | €69.1b | €5.8b | 16.2x | 21.4x | 1.8x |
| Mon, 07 Oct 2024 | €134.9b | €69.8b | €6.4b | 17.1x | 21.1x | 1.9x |
| Wed, 04 Sep 2024 | €133.7b | €69.9b | €6.5b | 19x | 20.5x | 1.9x |
| Fri, 02 Aug 2024 | €134.6b | €70.2b | €6.6b | 18.6x | 20.4x | 1.9x |
| Sun, 30 Jun 2024 | €141.7b | €71.4b | €7.1b | 19.1x | 19.9x | 2x |
| Tue, 28 May 2024 | €156.6b | €71.0b | €7.1b | 22.1x | 22x | 2.2x |
| Thu, 25 Apr 2024 | €154.4b | €73.6b | €7.5b | 20.8x | 20.7x | 2.1x |
| Sat, 23 Mar 2024 | €160.8b | €85.1b | €6.0b | 20.1x | 26.9x | 1.9x |
| Mon, 19 Feb 2024 | €169.3b | €87.8b | €6.3b | 19.8x | 27.1x | 1.9x |
| Wed, 17 Jan 2024 | €166.8b | €89.1b | €6.8b | 21.8x | 24.5x | 1.9x |
| Fri, 15 Dec 2023 | €170.7b | €88.9b | €6.8b | 20.9x | 25.2x | 1.9x |
| Sun, 12 Nov 2023 | €153.1b | €89.4b | €6.9b | 19.8x | 22.2x | 1.7x |
| Tue, 10 Oct 2023 | €147.2b | €89.3b | €6.9b | 18.8x | 21.4x | 1.6x |
| Thu, 07 Sep 2023 | €154.2b | €88.4b | €6.8b | 21.1x | 22.7x | 1.7x |
| Sat, 05 Aug 2023 | €157.6b | €87.9b | €6.8b | 21.5x | 23.3x | 1.8x |
| Mon, 03 Jul 2023 | €162.0b | €86.3b | €6.7b | 19.9x | 24.3x | 1.9x |
| Wed, 31 May 2023 | €153.4b | €86.4b | €6.6b | 19.6x | 23.1x | 1.8x |
| Fri, 28 Apr 2023 | €146.6b | €85.1b | €6.2b | 20.3x | 23.5x | 1.7x |
| Sun, 26 Mar 2023 | €155.6b | €85.0b | €6.1b | 19.2x | 25.4x | 1.8x |
| Tue, 21 Feb 2023 | €173.1b | €85.9b | €4.1b | 23x | 42.7x | 2x |
| Thu, 19 Jan 2023 | €162.6b | €84.6b | €3.4b | 22x | 47.2x | 1.9x |
| Sat, 17 Dec 2022 | €150.0b | €84.8b | €3.5b | 21x | 42.9x | 1.8x |
| Mon, 14 Nov 2022 | €162.7b | €85.1b | €3.5b | 20.7x | 45.8x | 1.9x |
Price to Earnings Ratio
45.8x
Current Industry PE
- Investors are relatively neutral on the French Information Technology industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 25.2x.
- The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 4.4% per year over the last three years.
- Meanwhile revenues for these companies have declined 9.1% 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 Tech sector?
| FR Market | -2.38% | |
| Tech | -4.51% | |
| Tech Hardware | 2.28% | |
| Communications | -3.85% | |
| IT | -4.06% | |
| Electronic Equipment and Components | -4.35% | |
| Software | -5.03% | |
| Semiconductors | -5.36% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 14.1x.
- Analysts are expecting annual earnings growth of 36.5%, which is higher than its past year's earnings decline of 54.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 64% over the next 5 years.
- This is better than its past earnings decline of 50% per year.
- In contrast, the IT industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| ARTO Société Industrielle et Financière de l'Artois Société anonyme | €9.15k | 5.8% +€133.1m | -5.7% | PE147.6x | |
| NRO Neurones | €41.15 | 4.7% +€45.0m | -11.2% | PE19.7x | |
| ALKEY Keyrus | €7.86 | 8.6% +€9.9m | -4.6% | PE159.6x | |
| WAVE Wavestone | €49.25 | 0.6% +€7.3m | 3.8% | PE15.9x | |
| ALLIX WALLIX GROUP | €24.20 | 4.1% +€6.3m | 166.5% | PS3.8x |
