Narrative Update • May 22
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French (CAC) Telecom Sector Analysis
UpdatedMay 31, 2026
DataAggregated Company Financials
Companies42
- 7D0.3%
- 3M7.5%
- 1Y13.1%
- YTD16.1%
Over the last 7 days, the Telecom industry has remained flat, although notably Eutelsat Communications gained 4.7%. The past year has been better, since the industry has gained 13% in that time. As for the next few years, earnings are expected to grow by 27% per annum.
Sector Valuation and Performance
Has the French Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 01 Jun 2026 | €94.9b | €95.3b | €870.3m | 14.9x | 109x | 1x |
| Wed, 29 Apr 2026 | €89.4b | €95.5b | €2.3b | 13.6x | 38.7x | 0.9x |
| Fri, 27 Mar 2026 | €82.0b | €92.8b | €2.4b | 11.6x | 34.1x | 0.9x |
| Sun, 22 Feb 2026 | €85.1b | €92.8b | €2.1b | 11.6x | 40.2x | 0.9x |
| Tue, 20 Jan 2026 | €79.3b | €91.7b | €2.2b | 12.5x | 36.1x | 0.9x |
| Thu, 18 Dec 2025 | €94.2b | €95.0b | €2.7b | 12.7x | 35.3x | 1x |
| Sat, 15 Nov 2025 | €95.8b | €95.0b | €2.6b | 11.8x | 37x | 1x |
| Mon, 13 Oct 2025 | €94.8b | €95.1b | €2.6b | 12.3x | 36.9x | 1x |
| Wed, 10 Sep 2025 | €96.5b | €95.1b | €2.3b | 12x | 42.4x | 1x |
| Fri, 08 Aug 2025 | €95.9b | €94.9b | €2.3b | 11.6x | 41x | 1x |
| Sun, 06 Jul 2025 | €99.7b | €94.8b | €3.3b | 11.1x | 30x | 1.1x |
| Tue, 03 Jun 2025 | €100.5b | €94.9b | €3.3b | 13x | 30.5x | 1.1x |
| Thu, 01 May 2025 | €97.9b | €95.1b | €3.4b | 11.9x | 28.7x | 1x |
| Sat, 29 Mar 2025 | €97.2b | €95.0b | €3.4b | 12.3x | 28.4x | 1x |
| Mon, 24 Feb 2025 | €97.6b | €124.5b | €4.2b | 11x | 23.5x | 0.8x |
| Wed, 22 Jan 2025 | €94.5b | €123.7b | €4.7b | 10.9x | 20.3x | 0.8x |
| Fri, 20 Dec 2024 | €92.8b | €118.5b | €4.6b | 10.8x | 20.3x | 0.8x |
| Sun, 17 Nov 2024 | €98.4b | €118.6b | €4.6b | 11.3x | 21.4x | 0.8x |
| Tue, 15 Oct 2024 | €102.6b | €118.8b | €4.8b | 11.5x | 21.2x | 0.9x |
| Thu, 12 Sep 2024 | €102.5b | €118.8b | €4.9b | 12.9x | 21.1x | 0.9x |
| Sat, 10 Aug 2024 | €99.9b | €118.7b | €5.2b | 13.7x | 19.1x | 0.8x |
| Mon, 08 Jul 2024 | €102.9b | €108.1b | €5.3b | 13.4x | 19.3x | 1x |
| Wed, 05 Jun 2024 | €109.0b | €108.1b | €5.4b | 17.5x | 20.3x | 1x |
| Fri, 03 May 2024 | €106.4b | €107.6b | -€38,370,053,746.00 | 17.2x | -2.8x | 1x |
| Sun, 31 Mar 2024 | €107.8b | €107.6b | -€38,377,285,446.00 | 18.3x | -2.8x | 1x |
| Tue, 27 Feb 2024 | €107.1b | €112.8b | -€39,809,457,564.00 | 18.2x | -2.7x | 0.9x |
| Thu, 25 Jan 2024 | €104.2b | €112.6b | -€40,363,150,564.00 | 17.9x | -2.6x | 0.9x |
| Sat, 23 Dec 2023 | €100.5b | €112.6b | -€40,363,155,564.00 | 17.4x | -2.5x | 0.9x |
| Mon, 20 Nov 2023 | €97.7b | €112.6b | -€40,350,048,564.00 | 18.4x | -2.4x | 0.9x |
| Wed, 18 Oct 2023 | €96.7b | €112.5b | €2.7b | 18.1x | 35.8x | 0.9x |
| Fri, 15 Sep 2023 | €96.6b | €112.3b | €2.7b | 16.8x | 35.7x | 0.9x |
| Sun, 13 Aug 2023 | €95.4b | €112.4b | €2.7b | 15.9x | 35.2x | 0.8x |
| Tue, 11 Jul 2023 | €96.2b | €110.8b | €3.2b | 20.4x | 30.5x | 0.9x |
| Thu, 08 Jun 2023 | €98.4b | €110.7b | €3.1b | 16.4x | 31.4x | 0.9x |
Price to Earnings Ratio
31.4x
Current Industry PE
- Investors are optimistic on the French Communication Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 109x which is higher than its 3-year average PE of 25.1x.
- The industry is trading close to its 3-year average PS ratio of 0.92x.
Past Earnings Growth
- The earnings for companies in the Communication Services industry have declined 35% per year over the last three years,
- Revenues have also declined 4.9% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the French Telecom sector?
| FR Market | 1.09% | |
| Telecom | 0.31% | |
| Media | 2.24% | |
| Entertainment | 1.63% | |
| Wireless Telecom | 0% | 0 |
| Telecom Services and Carriers | -1.48% | |
| Interactive Media and Services | -2.60% | |
Industry PE
- Investors are most optimistic about the Telecom Services and Carriers industry which is trading above its 3-year average PE ratio of 32.8x.
- Analysts are expecting annual earnings growth of 34.2%, which is higher than its past year's earnings decline of 83.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Entertainment industry, expecting annual earnings growth of 66% over the next 5 years.
- In contrast, the Media industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| ETL Eutelsat Communications | €3.98 | 4.7% +€210.8m | 21.2% | PS3.8x | |
| SESG SES | €9.45 | 5.5% +€207.5m | 88.1% | PS1.3x | |
| MMB Lagardere | €18.52 | 5.1% +€127.5m | -8.3% | PE12.9x | |
| PUB Publicis Groupe | €83.74 | 0.5% +€109.5m | -12.7% | PE12.6x | |
| ALHG Louis Hachette Group | €1.69 | 6.4% +€100.1m | 3.0% | PE76.2x |
