French (CAC) Media Industry Analysis

Industry Valuation and Performance

Has the French Media Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Fri, 22 May 2026	€42.6b	€52.6b	€2.1b	13.2x	20.7x	0.8x
Sun, 19 Apr 2026	€40.5b	€52.3b	€2.1b	13.4x	19.1x	0.8x
Tue, 17 Mar 2026	€35.0b	€49.6b	€2.2b	11.4x	15.7x	0.7x
Thu, 12 Feb 2026	€32.9b	€49.2b	€1.6b	11.1x	20x	0.7x
Sat, 10 Jan 2026	€36.9b	€48.6b	€1.7b	12.6x	21.6x	0.8x
Mon, 08 Dec 2025	€36.0b	€48.7b	€1.7b	12.4x	21x	0.7x
Wed, 05 Nov 2025	€36.1b	€48.7b	€1.7b	12.5x	21.1x	0.7x
Fri, 03 Oct 2025	€36.2b	€48.8b	€1.7b	12.1x	21.1x	0.7x
Sun, 31 Aug 2025	€35.2b	€48.8b	€1.8b	11.9x	19.7x	0.7x
Tue, 29 Jul 2025	€36.4b	€48.6b	€1.8b	11.8x	19.8x	0.7x
Thu, 26 Jun 2025	€39.4b	€47.6b	€1.8b	11.2x	22.2x	0.8x
Sat, 24 May 2025	€40.2b	€47.6b	€1.8b	12.6x	22.7x	0.8x
Mon, 21 Apr 2025	€37.0b	€47.5b	€1.8b	11.4x	20.7x	0.8x
Wed, 19 Mar 2025	€40.4b	€47.3b	€1.8b	12.2x	22.4x	0.9x
Fri, 14 Feb 2025	€41.2b	€42.9b	€2.4b	11.1x	17x	1x
Sun, 12 Jan 2025	€39.9b	€42.2b	€2.2b	10.8x	17.9x	0.9x
Tue, 10 Dec 2024	€49.2b	€52.0b	€2.6b	11x	19x	0.9x
Thu, 07 Nov 2024	€49.9b	€52.0b	€2.6b	11.4x	19.3x	1x
Sat, 05 Oct 2024	€50.7b	€52.0b	€2.6b	12.2x	19.7x	1x
Mon, 02 Sep 2024	€51.5b	€51.9b	€2.6b	13.6x	19.9x	1x
Wed, 31 Jul 2024	€51.1b	€51.9b	€3.0b	14.3x	17.2x	1x
Fri, 28 Jun 2024	€51.1b	€46.1b	€2.9b	16.1x	17.8x	1.1x
Sun, 26 May 2024	€54.6b	€46.1b	€2.9b	17.1x	19x	1.2x
Tue, 23 Apr 2024	€51.6b	€46.0b	€2.9b	18.3x	18x	1.1x
Thu, 21 Mar 2024	€50.8b	€45.9b	€2.8b	18x	17.9x	1.1x
Sat, 17 Feb 2024	€51.5b	€44.6b	€1.7b	16.2x	30.2x	1.2x
Mon, 15 Jan 2024	€47.3b	€44.5b	€1.7b	16.4x	28.4x	1.1x
Wed, 13 Dec 2023	€43.9b	€44.5b	€1.7b	15.5x	26.3x	1x
Fri, 10 Nov 2023	€41.1b	€44.5b	€1.7b	14.3x	24.7x	0.9x
Sun, 08 Oct 2023	€39.4b	€44.6b	€1.6b	13x	24.2x	0.9x
Tue, 05 Sep 2023	€40.8b	€44.5b	€1.6b	14.1x	25x	0.9x
Thu, 03 Aug 2023	€40.7b	€44.5b	€1.6b	12.7x	25x	0.9x
Sat, 01 Jul 2023	€42.1b	€43.2b	€1.5b	13.5x	27.5x	1x
Mon, 29 May 2023	€41.1b	€43.1b	€1.5b	14.3x	26.9x	1x

Current Industry PE

Investors are relatively neutral on the French Media 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 21.5x.

The industry is trading close to its 3-year average PS ratio of 0.91x.

Past Earnings Growth

The earnings for companies in the Media industry have grown 10% per year over the last three years.
Revenues for these companies have grown 6.8% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the French Telecom industry?


FR Market	0.23%
Telecom	2.36%
Media	6.65%
Cable and Satellite	18.23%
Advertising	5.44%
Publishing	0.88%
Broadcasting	-0.97%

Industry PE

Investors are most optimistic about the Publishing industry even though it's trading below its 3-year average PE ratio of 23.3x.

Analysts are expecting annual earnings growth of 13.8%, which is lower than the prior year's growth of 45.0% per year.

Forecasted Growth

Analysts are most optimistic on the Cable and Satellite industry, expecting annual earnings growth of 51% over the next 5 years.

In contrast, the Broadcasting industry is expected to see its earnings grow by 4.2% 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
PUB Publicis Groupe	€83.40	7.4% +€1.4b	-13.7%	PE12.6x
ETL Eutelsat Communications	€3.83	27.0% +€961.2m	18.1%	PS3.7x
SESG SES	€8.83	9.0% +€306.0m	76.6%	PS1.2x
ALHG Louis Hachette Group	€1.60	1.1% +€17.8m	-0.7%	PE72x
MMB Lagardere	€17.82	0.7% +€17.0m	-12.9%	PE12.4x

M6 - Metropole Television Announces Management and Board Change

M6 - Metropole Television announced that following the Annual General Meeting of Shareholders held on April 28, 2026, two new members, Mr. Clément SCHWEBIG and Ms. Johanna NICOLAS, were appointed to the Supervisory Board, and two other members, Mr. Christophe GOOSSENS and Ms. Elisabeth SANDRET-RENARD, were reappointed. The Supervisory Board is now composed of Mr. Clément SCHWEBIG (Chairman of the Board), Mr. Björn BAUER, Mr. Christophe GOOSSENS, Ms. Ingrid HEISSERER, Ms. Elisabeth SANDRET-RENARD, Ms. Johanna NICOLAS, RTL Group Vermögensverwaltung GmbH represented by Mr. Philippe DELUSINNE, CMA CGM Participations represented by Mr. Stéphane RICHARD, Ms. Marie CHEVAL (Vice Chair of the Board and Chair of the Remuneration and Appointments Committee), Mr. Nicolas HOUZÉ (Chair of the Audit Committee), Mr. Patrick BÉHAR, Ms. Julie WALBAUM, Ms. Sophie DE BOURGUES (Chair of the CSR Committee), and Mr. Hervé ROUSSEAU. Johanna NICOLAS is Executive Vice President Group Taxes for RTL Group and Bertelsmann since March 2023. A German national, she studied International Business Administration in Münster, Germany, and in Bordeaux, France. After passing her professional tax advisor exam, she began her career at PricewaterhouseCoopers. In December 2014, she joined the Bertelsmann Group and RTL Group as Vice President of Group Tax Reporting. Between 2016 and 2018, she served as Senior Vice President of International Tax & Tax Reporting before being appointed Senior Vice President of Tax Strategy & Tax Reporting in May 2018. In this role, she provided tax expertise for the group’s strategic projects and M&A transactions. Since March 2023, she has served as Executive Vice President Group Taxes, leading the global tax department of RTL Group and Bertelsmann Group. Mr. Elmar HEGGEN resigned as Chairman of the Supervisory Board. Mr. Clément SCHWEBIG was appointed Chairman of the Supervisory Board, succeeding Mr. Elmar HEGGEN who resigned. Clément SCHWEBIG will be appointed CEO of RTL Group in May 2026. A French national with a Master’s degree in Management from HEC Paris and a Master’s degree in Business Law from the Sorbonne University, he began his career at RTL Group, where he held various positions in the audiovisual sector for over 10 years. He then joined Time Warner/Turner in 2013 taking on senior executive roles such as CFO of Asia-Pacific, Managing Director for China and Head of Business Development & Digital. In 2019, he was appointed President and Managing Director of Warner Bros. Discovery in Asia. In 2023, he returned to Europe to serve as President Western Europe and Africa at Warner Bros. Discovery. A key project during this time was the launch of the streaming service HBO Max in Europe. Mr. Elmar HEGGEN resigned as Chairman of the Supervisory Board.

French (CAC) Media Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

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