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French (CAC) Telecom Sector Analysis

UpdatedJan 14, 2026
DataAggregated Company Financials
Companies45
  • 7D-1.2%
  • 3M-1.7%
  • 1Y10.8%
  • YTD-0.6%

Last week, the Telecom industry hasn't moved much but Eutelsat Communications is up 25% in that time. As for the the longer term, the industry is up 12% over the past 12 months. Earnings are forecast to grow by 19% annually.

Sector Valuation and Performance

Has the French Telecom Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 14 Jan 2026€77.7b€91.7b€2.2b12.7x35.4x0.8x
Fri, 12 Dec 2025€93.9b€95.0b€2.7b12.3x35.2x1x
Sun, 09 Nov 2025€95.4b€95.0b€2.6b11.8x36.8x1x
Tue, 07 Oct 2025€94.6b€95.1b€2.6b12.5x36.8x1x
Thu, 04 Sep 2025€94.6b€95.1b€2.3b11.7x41.6x1x
Sat, 02 Aug 2025€97.6b€95.9b€2.3b11.7x41.6x1x
Mon, 30 Jun 2025€100.4b€94.9b€3.3b11.3x30.4x1.1x
Wed, 28 May 2025€102.5b€94.9b€3.3b13.2x31.1x1.1x
Fri, 25 Apr 2025€96.5b€95.1b€3.4b12x28.3x1x
Sun, 23 Mar 2025€97.5b€95.2b€3.5b10.9x28x1x
Tue, 18 Feb 2025€98.4b€124.5b€4.2b11.1x23.7x0.8x
Thu, 16 Jan 2025€93.2b€123.7b€4.7b10.8x20x0.8x
Sat, 14 Dec 2024€99.7b€118.7b€4.6b11.1x21.6x0.8x
Mon, 11 Nov 2024€100.5b€118.6b€4.6b11.2x21.9x0.8x
Wed, 09 Oct 2024€102.6b€118.8b€4.8b12x21.2x0.9x
Fri, 06 Sep 2024€103.8b€118.8b€4.9b12.9x21.4x0.9x
Sun, 04 Aug 2024€99.8b€118.7b€5.2b14.2x19.1x0.8x
Tue, 02 Jul 2024€99.9b€108.1b€5.3b13.6x18.7x0.9x
Thu, 30 May 2024€108.0b€108.1b€5.4b17.1x20.2x1x
Sat, 27 Apr 2024€107.4b€107.6b-€38,371,633,956.0018.2x-2.8x1x
Mon, 25 Mar 2024€106.1b€107.4b-€38,392,420,941.0018.1x-2.8x1x
Wed, 21 Feb 2024€108.0b€113.0b-€39,880,977,564.0017.6x-2.7x1x
Fri, 19 Jan 2024€103.3b€112.6b-€40,363,150,564.0018.1x-2.6x0.9x
Sun, 17 Dec 2023€99.1b€112.6b-€40,350,248,564.0016.9x-2.5x0.9x
Tue, 14 Nov 2023€96.0b€112.6b-€40,349,551,742.0018.1x-2.4x0.9x
Thu, 12 Oct 2023€96.5b€112.5b€2.7b18.2x35.7x0.9x
Sat, 09 Sep 2023€95.9b€112.4b€2.7b16.9x35.5x0.9x
Mon, 07 Aug 2023€96.4b€112.4b€2.7b15.9x35.6x0.9x
Wed, 05 Jul 2023€98.5b€110.8b€3.2b20.1x31.2x0.9x
Fri, 02 Jun 2023€100.1b€110.7b€3.1b18.3x31.9x0.9x
Sun, 30 Apr 2023€106.8b€111.6b€3.1b19.2x34.8x1x
Tue, 28 Mar 2023€100.7b€111.6b€3.1b14.8x32.6x0.9x
Thu, 23 Feb 2023€101.4b€113.8b-€10,138,542,964.0015.5x-10x0.9x
Sat, 21 Jan 2023€95.8b€110.9b-€8,050,744,621.0013.8x-11.9x0.9x
Price to Earnings Ratio

-11.9x


Total Market Cap: €95.8bTotal Earnings: -€8,050,744,621.00Total Revenue: €110.9bTotal Market Cap vs Earnings and Revenue0%0%0%
French Telecom Sector Price to Earnings3Y Average 21.6x202420252026
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 35.6x which is higher than its 3-year average PE of 21.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.92x.
Past Earnings Growth
  • Total earnings for the Communication Services industry have gone up over the last three years and the industry is now profitable.
  • Revenues have declined 6.1% 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 Telecom sector?

FR Market1.52%
Telecom-1.16%
Wireless Telecom0%0
Interactive Media and Services-0.37%
Entertainment-0.57%
Media-0.73%
Telecom Services and Carriers-1.63%
Industry PE
  • Investors are most optimistic about the Telecom Services and Carriers industry which is trading above its 3-year average PE ratio of 19.0x.
    • Analysts are expecting annual earnings growth of 24.9%, which is higher than its past year's earnings decline of 50.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Entertainment industry, expecting annual earnings growth of 80% over the next 5 years.
  • In contrast, the Media industry is expected to see its earnings grow 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?

CompanyLast Price7D1YValuation
ETL Eutelsat Communications€2.3025.1%
+€219.4m		9.5%PS0.9x
DEC JCDecaux€16.293.1%
+€104.4m		7.9%PE14.4x
ALHG Louis Hachette Group€1.592.3%
+€35.2m		13.0%PE42.7x
MMB Lagardere€18.860.4%
+€11.3m		-6.4%PE12.6x
EDI Groupe MEDIA 6€10.8032.5%
+€6.3m		-10.0%PS0.3x

Latest News

TFI
€7.84
TF1
7D
-4.6%
1Y
7.4%
NRG
€7.78
NRJ Group
7D
-3.2%
1Y
12.4%

There's Been No Shortage Of Growth Recently For NRJ Group's (EPA:NRG) Returns On Capital

Jan 13
There's Been No Shortage Of Growth Recently For NRJ Group's (EPA:NRG) Returns On Capital
VIV
€2.40
Vivendi
7D
-0.4%
1Y
-4.5%
DEC
€16.29
JCDecaux
7D
3.1%
1Y
7.9%

DEC: Transport And Retail Media Contracts Will Support A Stronger Outlook

Analysts have adjusted their price target for JCDecaux to €23.29. The change is mainly tied to updated assumptions around discount rates, revenue growth and profit margins rather than a shift in fair value itself.
ETL
€2.30
Eutelsat Communications
7D
25.1%
1Y
9.5%

ETL: New Equity Funding And Partnerships Will Support Revenue Expansion Through 2029

Analysts have reduced their price target for Eutelsat Communications from €2.97 to €2.69, citing updated assumptions around discount rates, long term revenue growth, profit margins and future P/E expectations. What's in the News Eutelsat Communications completed a follow on equity rights offering of €669.775133 million, issuing 496,129,728 new common shares at €1.35 per share (Follow on Equity Offerings).
PUB
€86.80
Publicis Groupe
7D
-2.0%
1Y
-11.6%

PUB: Updated Guidance And Ratings Will Shape A Measured 2025 Outlook

Analysts have raised their price target on Publicis Groupe from €83.36 to €95.00. This reflects updated views on revenue trends, profit margins and future P/E expectations, supported by recent Street research that includes higher targets and rating changes from several firms.
EDI
€10.80
Groupe MEDIA 6
7D
32.5%
1Y
-10.0%
ALVAZ
€40.80
Vaziva Société anonyme
7D
3.6%
1Y
-12.8%

We Like These Underlying Return On Capital Trends At Vaziva Société anonyme (EPA:ALVAZ)

Jan 08
We Like These Underlying Return On Capital Trends At Vaziva Société anonyme (EPA:ALVAZ)
ALMEX
€14.10
Mexedia Società Per Azioni S.B
7D
-11.9%
1Y
213.3%

Investors Give Mexedia Società Per Azioni S.B. (EPA:ALMEX) Shares A 35% Hiding

Jan 08
Investors Give Mexedia Società Per Azioni S.B. (EPA:ALMEX) Shares A 35% Hiding
IPS
€34.00
Ipsos
7D
-2.2%
1Y
-21.4%

IPS: Fair Outlook Will Balance CFO Transition And Influential Survey Expansion

Analysts have cut their price target on Ipsos from €43.00 to €36.50, citing updated assumptions on the discount rate, revenue growth, profit margin, and a lower future P/E multiple. What's in the News Olivier Champourlier, currently Head of Group Controlling at Ipsos, has been appointed Interim Chief Financial Officer, effective 9 December 2025, as the company begins a selection process for a new Group CFO (Key Developments).
ALDNE
€0.69
Don't Nod Entertainment
7D
6.8%
1Y
-40.3%
MMT
€11.54
Métropole Télévision
7D
-4.5%
1Y
-1.5%

Is Métropole Télévision (EPA:MMT) Using Too Much Debt?

Dec 14
Is Métropole Télévision (EPA:MMT) Using Too Much Debt?
MMB
€18.86
Lagardere
7D
0.4%
1Y
-6.4%
ALHG
€1.59
Louis Hachette Group
7D
2.3%
1Y
13.0%

Are Investors Undervaluing Louis Hachette Group S.A. (EPA:ALHG) By 33%?

Nov 27
Are Investors Undervaluing Louis Hachette Group S.A. (EPA:ALHG) By 33%?
ORA
€14.14
Orange
7D
-1.6%
1Y
42.7%
ALHOP
€13.25
Hopscotch Global PR Group
7D
1.9%
1Y
-25.1%

Hopscotch Global PR Group's (EPA:ALHOP) Weak Earnings May Only Reveal A Part Of The Whole Picture

Oct 15
Hopscotch Global PR Group's (EPA:ALHOP) Weak Earnings May Only Reveal A Part Of The Whole Picture