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French (CAC) Telecom Sector Analysis

UpdatedOct 23, 2025
DataAggregated Company Financials
Companies48
  • 7D0.5%
  • 3M-0.3%
  • 1Y-4.4%
  • YTD5.5%

The Telecom industry is up 3.2% in the last week, with Publicis Groupe up 1.3%. During this same period, the Eutelsat Communications underperformed, falling 15%. In contrast, the industry has lost 4.4% in the last 12 months. As for the next few years, earnings are expected to grow by 18% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 24 Oct 2025€97.6b€95.0b€2.6b12.5x37.9x1x
Sun, 21 Sep 2025€94.4b€95.1b€2.6b12.6x36.6x1x
Tue, 19 Aug 2025€97.2b€94.9b€2.3b11.4x43.2x1x
Thu, 17 Jul 2025€99.5b€94.8b€3.3b12.3x29.9x1x
Sat, 14 Jun 2025€98.7b€94.9b€3.3b12.5x30x1x
Mon, 12 May 2025€98.8b€95.1b€3.4b12x29x1x
Wed, 09 Apr 2025€91.0b€95.1b€3.4b11.7x26.7x1x
Fri, 07 Mar 2025€99.4b€124.5b€4.2b10.5x23.8x0.8x
Sun, 02 Feb 2025€95.1b€123.7b€4.7b11.1x20.3x0.8x
Tue, 31 Dec 2024€93.3b€118.5b€4.6b10.8x20.3x0.8x
Thu, 28 Nov 2024€99.4b€118.6b€4.6b11.1x21.6x0.8x
Sat, 26 Oct 2024€102.3b€118.9b€4.8b11.5x21.3x0.9x
Mon, 23 Sep 2024€105.4b€118.8b€4.9b12.7x21.7x0.9x
Wed, 21 Aug 2024€101.4b€118.8b€4.9b13.3x20.9x0.9x
Fri, 19 Jul 2024€106.3b€108.1b€5.3b14.6x19.9x1x
Sun, 16 Jun 2024€99.9b€108.1b€5.4b16.3x18.6x0.9x
Tue, 14 May 2024€109.0b€107.7b€4.9b17.6x22.4x1x
Thu, 11 Apr 2024€106.5b€107.6b-€38,368,816,020.0018.6x-2.8x1x
Sat, 09 Mar 2024€105.8b€114.2b-€38,424,724,941.0018.3x-2.8x0.9x
Mon, 05 Feb 2024€105.6b€112.5b-€40,359,469,564.0018.2x-2.6x0.9x
Wed, 03 Jan 2024€101.4b€112.6b-€40,363,150,564.0017.4x-2.5x0.9x
Fri, 01 Dec 2023€98.0b€112.6b-€40,350,048,564.0018.6x-2.4x0.9x
Sun, 29 Oct 2023€95.0b€112.6b€2.8b17.4x33.4x0.8x
Tue, 26 Sep 2023€95.6b€112.4b€2.7b16.6x35.2x0.9x
Thu, 24 Aug 2023€94.7b€112.4b€2.7b16.8x34.9x0.8x
Sat, 22 Jul 2023€99.5b€111.4b€3.2b15.5x30.9x0.9x
Mon, 19 Jun 2023€98.7b€110.8b€3.2b19.9x31.3x0.9x
Wed, 17 May 2023€102.7b€111.5b€3.1b19.4x33.5x0.9x
Fri, 14 Apr 2023€104.1b€111.6b€3.1b15.7x33.9x0.9x
Sun, 12 Mar 2023€101.1b€113.2b-€10,744,297,964.0015.1x-9.4x0.9x
Tue, 07 Feb 2023€98.4b€112.3b-€7,981,501,496.0015.8x-12.3x0.9x
Thu, 05 Jan 2023€97.9b€110.9b-€8,050,744,621.0013.5x-12.2x0.9x
Sat, 03 Dec 2022€94.7b€110.9b-€8,041,059,726.0013.5x-11.8x0.9x
Mon, 31 Oct 2022€90.2b€110.1b-€7,768,094,353.0012.2x-11.6x0.8x
Price to Earnings Ratio

-11.6x


Total Market Cap: €90.2bTotal Earnings: -€7,768,094,353.00Total Revenue: €110.1bTotal Market Cap vs Earnings and Revenue0%0%0%
French Telecom Sector Price to Earnings3Y Average 18.1x202320242025
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 37.9x which is higher than its 3-year average PE of 18.0x.
  • The 3-year average PS ratio of 0.91x is lower than the industry's current PS ratio of 1.0x.
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 4.8% 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 Market1.62%
Telecom0.54%
Entertainment0.89%
Media0.65%
Telecom Services and Carriers0.33%
Wireless Telecom0%0
Interactive Media and Services-0.0072%
Industry PE
  • Investors are most optimistic about the Interactive Media and Services industry which is trading above its 3-year average PE ratio of 160x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings decline of 50% per year.
  • In contrast, the Media industry is expected to see its earnings grow by 8.7% 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
BOL Bolloré€4.923.6%
+€483.2m
-16.5%PE30.8x
PUB Publicis Groupe€87.701.8%
+€386.3m
-12.3%PE12.9x
ORA Orange€14.150.5%
+€172.8m
38.1%PE41.3x
VIV Vivendi€3.174.4%
+€133.9m
-68.7%PS10.2x
DEC JCDecaux€15.703.1%
+€100.2m
-14.1%PE13.9x

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