French (CAC) Market Analysis & Valuation

Market Valuation and Performance

Has the French Market valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sat, 27 Jun 2026	€3.0t	€2.1t	€129.0b	16x	23.5x	1.4x
Mon, 25 May 2026	€3.0t	€2.1t	€129.1b	15.9x	22.9x	1.4x
Wed, 22 Apr 2026	€3.0t	€2.1t	€128.6b	16.3x	23.2x	1.4x
Fri, 20 Mar 2026	€2.8t	€2.1t	€131.6b	16x	21.7x	1.4x
Sun, 15 Feb 2026	€3.1t	€2.1t	€131.4b	16.3x	23.3x	1.5x
Tue, 13 Jan 2026	€3.1t	€2.1t	€130.5b	16.6x	24.1x	1.5x
Thu, 11 Dec 2025	€3.0t	€2.1t	€130.8b	16x	23x	1.4x
Sat, 08 Nov 2025	€3.0t	€2.1t	€130.6b	16x	22.8x	1.4x
Mon, 06 Oct 2025	€3.0t	€2.1t	€127.3b	16.6x	23.9x	1.4x
Wed, 03 Sep 2025	€2.9t	€2.1t	€130.4b	15.4x	22.1x	1.4x
Fri, 01 Aug 2025	€2.9t	€2.1t	€133.0b	16x	22.1x	1.4x
Sun, 29 Jun 2025	€2.9t	€2.1t	€146.5b	16.2x	19.8x	1.4x
Tue, 27 May 2025	€3.0t	€2.1t	€146.7b	15.5x	20.2x	1.4x
Thu, 24 Apr 2025	€2.9t	€2.1t	€144.3b	14.4x	19.8x	1.3x
Sat, 22 Mar 2025	€3.1t	€2.1t	€148.2b	15.1x	20.7x	1.4x
Mon, 17 Feb 2025	€3.2t	€2.2t	€142.4b	14.5x	22.1x	1.5x
Wed, 15 Jan 2025	€2.9t	€2.2t	€148.2b	14.2x	19.3x	1.3x
Fri, 13 Dec 2024	€2.9t	€2.2t	€145.4b	14x	19.7x	1.3x
Sun, 10 Nov 2024	€2.8t	€2.2t	€145.1b	13.7x	19.4x	1.3x
Tue, 08 Oct 2024	€2.9t	€2.2t	€148.1b	14.4x	19.8x	1.4x
Thu, 05 Sep 2024	€2.9t	€2.1t	€146.7b	14.9x	19.7x	1.4x
Sat, 03 Aug 2024	€2.8t	€2.1t	€145.6b	14.6x	19.2x	1.3x
Mon, 01 Jul 2024	€2.9t	€2.1t	€149.5b	15.5x	19.3x	1.4x
Wed, 29 May 2024	€3.1t	€2.1t	€149.2b	16.9x	20.8x	1.5x
Fri, 26 Apr 2024	€3.1t	€2.1t	€103.3b	15.7x	30x	1.5x
Sun, 24 Mar 2024	€3.2t	€2.1t	€102.9b	14.8x	30.6x	1.5x
Tue, 20 Feb 2024	€3.0t	€2.2t	€94.8b	14.3x	32.2x	1.4x
Thu, 18 Jan 2024	€2.8t	€2.2t	€103.9b	15.1x	27.3x	1.3x
Sat, 16 Dec 2023	€3.0t	€2.2t	€105.7b	14.6x	28.2x	1.3x
Mon, 13 Nov 2023	€2.8t	€2.2t	€105.4b	13.5x	26.3x	1.2x
Wed, 11 Oct 2023	€2.8t	€2.2t	€150.1b	13.8x	18.7x	1.3x
Fri, 08 Sep 2023	€2.9t	€2.2t	€149.9b	14.6x	19.1x	1.3x
Sun, 06 Aug 2023	€2.9t	€2.3t	€157.3b	14.4x	18.7x	1.3x
Tue, 04 Jul 2023	€3.0t	€2.3t	€145.6b	14.5x	20.5x	1.3x

Current Market PE

Investors are relatively neutral on the French market at the moment, indicating that they expect earnings will grow in line with historical growth rates.

The market is trading close to its 3-year average PE ratio of 22.4x.

Past Earnings Growth

The earnings for companies in the French industry have declined 3.9% per year over the last three years.
Revenues have also declined 2.7% per year.
This means overall sales from these companies are declining and profits are subsequently falling as well.

Sector Trends

Which sectors have driven the changes within the French Market?


FR Market	-0.80%
Materials	4.11%
Consumer Staples	3.43%
Real Estate	2.38%
Utilities	1.26%
Healthcare	0.82%
Financials	-0.47%
Industrials	-1.24%
Telecom	-2.19%
Consumer Discretionary	-2.22%
Tech	-3.47%
Energy	-5.84%

Sector PE

Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 27.0x.

The market's confidence is likely because analysts are expecting annual earnings growth of 25.8% which is higher than its past year's earnings decline of 6.8% per year.

The Energy sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 9.5x.

Forecasted Growth

Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 28% over the next 5 years.
This is better than its past earnings decline of 4.0% per year.

In contrast, the Energy sector is expected to see its earnings grow by 4.8% 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	Sector
AI L'Air Liquide	€172.86	5.3% +€5.5b	7.7%	PE31.2x	Materials
BN Danone	€72.12	10.9% +€4.5b	3.8%	PE25.4x	Consumer Staples
OR L'Oréal	€388.00	2.1% +€4.2b	9.2%	PE33.8x	Consumer Staples
AIR Airbus	€191.90	1.3% +€2.0b	7.7%	PE30.1x	Industrials
CS AXA	€43.41	2.1% +€1.9b	3.5%	PE12.3x	Financials

Joseph & Norinsberg LLC Files Amended Complaint Against Stella McCartney America Inc., LVMH Moët Hennessy Louis Vuitton

Joseph & Norinsberg LLC had filed an amended complaint in the Southern District of New York against Stella McCartney America Inc., LVMH Moët Hennessy Louis Vuitton, and CEO Amandine Ohayon, adding claims arising from the termination of Andrew Dershaw on May 22, 2026—four days after his return from medically prescribed leave. The original complaint, filed April 20, 2026, in the Southern District of New York, alleged pay discrimination, national origin discrimination, and whistleblower retaliation spanning Mr. Dershaw's 15-year tenure. Among the central allegations: Defendants paid him a base salary of $235,000 while his female predecessor earned more than $400,000 for the same role, and retaliated against him after he refused to facilitate a pricing scheme that the company's own Chief Digital Officer had warned in writing was "anti-competitive and illegal." According to the complaint, three days before Mr. Dershaw's return, Defendants' own counsel confirmed in writing they would restore him to his role and comply with their legal obligations. On his first call back, two senior executives confirmed he would return to the same responsibilities and outlined a three-to-five-week transition plan. Four days later, he was fired. Defendants cited alleged attendance issues, including a brief visit to a company sample sale during his lunch break and two medical appointments in his first week back from medical leave. The complaint notes Mr. Dershaw was the first person in the office every day that week, was emailing European colleagues at 6:30 a.m. the morning before his termination, and had never once in 15 years been required to account for how he spent his lunch hour. The amended complaint also expands the joint employer theory against LVMH, alleging that LVMH's operational control over Stella McCartney continued through and beyond its equity repurchase in early 2025, and citing Ohayon's subsequent appointment as CEO of Givenchy as evidence that executive authority remained interconnected between the entities. The amended complaint asserts claims under the Equal Pay Act, New York Labor Law § 194, the NYSHRL, the NYCHRL, and New York Labor Law § 740 (whistleblower retaliation), seeking back pay, front pay, compensatory and punitive damages, liquidated damages of up to 300% of wages under NYLL § 198(1-a), and attorneys' fees.

French (CAC) Market Analysis & Valuation

Market Valuation and Performance

Sector Trends

Top Stock Gainers and Losers

Market Insights

Finding dividends that actually last

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