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French (CAC) Market Analysis & Valuation

UpdatedJun 07, 2026
DataAggregated Company Financials
Companies632
  • 7D-0.08%
  • 3M2.2%
  • 1Y1.8%
  • YTD-3.0%

The market has stayed flat over the 7 days. As for the longer term, the market has also been flat over the past year. Looking forward, earnings are forecast to grow by 12% annually.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 07 Jun 2026€3.0t€2.1t€129.1b16.3x23.2x1.4x
Tue, 05 May 2026€2.9t€2.1t€130.5b16x22.2x1.4x
Thu, 02 Apr 2026€2.9t€2.1t€128.7b16.1x22.6x1.4x
Sat, 28 Feb 2026€3.1t€2.1t€129.8b16.4x24.2x1.5x
Mon, 26 Jan 2026€3.1t€2.1t€130.3b16.6x23.4x1.4x
Wed, 24 Dec 2025€3.0t€2.1t€130.3b16.4x23.3x1.4x
Fri, 21 Nov 2025€3.0t€2.1t€130.9b15.7x22.9x1.4x
Sun, 19 Oct 2025€3.1t€2.1t€127.5b16.6x24.1x1.5x
Tue, 16 Sep 2025€3.0t€2.1t€128.1b15.8x23.2x1.4x
Thu, 14 Aug 2025€2.9t€2.1t€129.9b16.2x22.6x1.4x
Sat, 12 Jul 2025€3.0t€2.1t€146.5b16.3x20.5x1.4x
Mon, 09 Jun 2025€3.0t€2.1t€146.9b15.6x20.1x1.4x
Wed, 07 May 2025€2.9t€2.1t€144.3b15.2x20.4x1.4x
Fri, 04 Apr 2025€2.9t€2.1t€146.7b14.6x19.8x1.4x
Sun, 02 Mar 2025€3.1t€2.2t€146.8b15x21.3x1.4x
Tue, 28 Jan 2025€3.1t€2.2t€148.0b14.6x20.7x1.4x
Thu, 26 Dec 2024€2.8t€2.2t€148.0b13.7x19.1x1.3x
Sat, 23 Nov 2024€2.8t€2.2t€145.6b13.7x19x1.3x
Mon, 21 Oct 2024€2.9t€2.1t€147.6b14.3x19.7x1.4x
Wed, 18 Sep 2024€2.9t€2.1t€146.6b14.8x19.5x1.4x
Fri, 16 Aug 2024€2.9t€2.1t€147.5b14.7x19.4x1.4x
Sun, 14 Jul 2024€3.0t€2.1t€149.3b15.7x19.9x1.4x
Tue, 11 Jun 2024€3.1t€2.1t€149.5b16.7x20.7x1.5x
Thu, 09 May 2024€3.2t€2.1t€147.6b16.6x21.3x1.5x
Sat, 06 Apr 2024€3.1t€2.1t€103.5b15.4x30.1x1.5x
Mon, 04 Mar 2024€3.1t€2.1t€101.7b15x30.5x1.4x
Wed, 31 Jan 2024€3.0t€2.2t€102.5b14.9x29.4x1.4x
Fri, 29 Dec 2023€2.9t€2.2t€103.6b14.9x28.5x1.3x
Sun, 26 Nov 2023€2.9t€2.2t€106.5b14x26.9x1.3x
Tue, 24 Oct 2023€2.7t€2.2t€149.2b13.7x17.8x1.2x
Thu, 21 Sep 2023€2.9t€2.2t€149.6b14.4x19.3x1.3x
Sat, 19 Aug 2023€2.9t€2.2t€150.9b14.4x19x1.3x
Mon, 17 Jul 2023€3.0t€2.3t€145.2b14.8x20.7x1.3x
Wed, 14 Jun 2023€3.0t€2.3t€146.1b14.1x20.3x1.3x
Price to Earnings Ratio

20.3x


Total Market Cap: €3.0tTotal Earnings: €146.1bTotal Revenue: €2.3tTotal Market Cap vs Earnings and Revenue0%0%0%
French Market Price to Earnings3Y Average 22.3x202420252026
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 22.3x.
Past Earnings Growth
  • The earnings for companies in the French industry have declined 4.1% 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-0.077%
Energy2.51%
Tech2.51%
Materials2.14%
Utilities1.05%
Consumer Discretionary0.27%
Healthcare0.15%
Financials0.10%
Consumer Staples-0.54%
Industrials-1.44%
Real Estate-1.96%
Telecom-2.48%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 25.6x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 26.5% which is higher than its past year's earnings decline of 9.6% per year.
  • The Financials 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 27% 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 4.5% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
TTE TotalEnergies€77.372.9%
+€4.9b		47.9%PE13.1xEnergy
STMPA STMicroelectronics€62.826.6%
+€3.4b		150.8%PE437.8xTech
SAN Sanofi€77.953.5%
+€3.2b		-11.8%PE19.4xHealthcare
AI L'Air Liquide€183.403.0%
+€3.1b		-0.03%PE30.1xMaterials
MC LVMH Moët Hennessy - Louis Vuitton Société Européenne€479.051.3%
+€3.0b		1.7%PE21.9xConsumer Discretionary
See more

Market Insights

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Latest News

OR
€375.50
L'Oréal
7D
-1.8%
1Y
-1.5%
TTE
€77.37
TotalEnergies
7D
2.9%
1Y
47.9%
SOI
€146.65
Soitec
7D
-17.4%
1Y
214.4%
Narrative Update • Jun 06

SOI: AI Hype And Mixed Ratings Will Pressure Future P/E

Soitec's updated fair value estimate rises from €22.00 to €26.00, based on analysts' higher price targets across several banks and their rationale for stronger revenue growth, slightly better margins and a higher future P/E assumption. Analyst Commentary Recent Street research on Soitec shows a wide range of opinions, with some firms lifting their price targets and others turning more cautious.
AI
€183.40
L'Air Liquide
7D
3.0%
1Y
-0.03%
Narrative Update • Jun 06

AI: Fair Value View Weighs Semiconductor Gas Expansion Against Mixed Rating Changes

Analysts have nudged the fair value estimate for L'Air Liquide slightly higher from €198.15 to €198.30, reflecting a mix of recent target cuts and increases on the stock and updated assumptions for its discount rate, revenue growth, profit margin and future P/E. Analyst Commentary Recent research on L'Air Liquide points to a mixed but generally constructive tone, with some analysts lifting targets or upgrading their stance and JPMorgan trimming its target to €175 while keeping a Neutral rating.
GLE
€70.26
Société Générale Société anonyme
7D
-1.9%
1Y
42.4%
SAN
€77.95
Sanofi
7D
3.5%
1Y
-11.8%
STMPA
€62.82
STMicroelectronics
7D
6.6%
1Y
150.8%
Narrative Update • Jun 05

STMPA: AI Data Center Hype Will Likely Pressure Future Return Profile

Analysts have lifted the fair value estimate for STMicroelectronics to €28.77, up from €21.13, citing higher assumed revenue growth, stronger profit margins, and a slightly richer future P/E multiple supported by ongoing positive research around AI driven data center and industrial demand. Analyst Commentary Recent Street research on STMicroelectronics has generally tilted constructive, with several firms lifting price targets in both US$ and euro terms and, in some cases, upgrading ratings.
ABVX
€87.85
ABIVAX Société Anonyme
7D
-22.5%
1Y
1,093.6%
SAF
€298.50
Safran
7D
-2.4%
1Y
12.3%
Narrative Update • Jun 03

SAF: Mixed Execution Risks And Timing Milestones Will Shape Future Outlook

Safran’s analyst price target has been updated from €265.06 to €280.00. This change reflects a mixed set of recent research views in which several firms trimmed targets while others raised them, and analysts adjusted assumptions on revenue growth, margins and future P/E levels.
ETL
€3.01
Eutelsat Communications
7D
-24.2%
1Y
21.0%
Narrative Update • Jun 02

ETL: LEO Hype And Elevated P E Multiple Will Likely Limit Returns

Analysts have raised the central €1.40 fair value anchor toward a higher Street range, with recent price target changes clustering around €2.40 to €2.70 as views on Eutelsat Communications shift alongside updated discount rate and P/E assumptions. Analyst Commentary Street research on Eutelsat Communications shows a wide range of opinions, with recent actions spanning fresh Sell coverage at the lower end of the valuation range and price target adjustments in the middle of the Street corridor.
ENGI
€26.94
Engie
7D
1.8%
1Y
40.7%
Narrative Update • Jun 02

ENGI: Future Returns Will Depend On Renewables Buildout And Battery Storage Execution

Analysts have nudged their average price target on Engie higher by about €0.20, citing refreshed models that reflect updated growth, margin and P/E assumptions, supported by a series of recent target increases across major banks. Analyst Commentary Recent research points to a cluster of upward price target revisions on Engie, with several banks refining their models around growth, margins and P/E assumptions.
MC
€479.05
LVMH Moët Hennessy - Louis Vuitton Société Européenne
7D
1.3%
1Y
1.7%
Narrative Update • Jun 01

MC: Reset Expectations And Portfolio Shifts Will Shape The Next Chapter

Analysts have adjusted the fair value estimate for LVMH Moët Hennessy - Louis Vuitton Société Européenne to €497.47 from €460.06, reflecting updated assumptions on revenue growth, margins and future P/E in the context of a series of recent price target revisions across the Street. Analyst Commentary Recent Street research on LVMH Moët Hennessy - Louis Vuitton Société Européenne shows a cluster of cautious revisions, with several firms cutting price targets over the past few months.
HO
€232.40
Thales
7D
-3.0%
1Y
-11.1%
Narrative Update • Jun 01

HO: Cyber And Tax Headwinds Will Restrain Defence And Cloud Upside

The analyst price target for Thales has moved from €230 to €250. Analysts point to updated assumptions for revenue growth, profit margins and future P/E, while recent Street research reflects a mix of higher price targets from several firms and a more cautious stance from at least one bank concerned about earnings visibility in certain divisions.
DSY
€19.72
Dassault Systèmes
7D
4.8%
1Y
-39.0%
Narrative Update • May 31

DSY: AI Partnerships And Execution Progress Will Support Future Upside Potential

Analysts have trimmed the fair value estimate for Dassault Systèmes from about €34.10 to €32.51. Street price targets have been adjusted in a mixed fashion, with some firms lifting their targets around €1 to €20 and €24 and others cutting or resetting them toward the low €20s as they balance higher modeled revenue growth and slightly stronger profit margins against a lower future P/E assumption and a tougher IT spending backdrop.
BN
€64.42
Danone
7D
5.7%
1Y
-13.1%
Narrative Update • May 22

BN: Yogurt Category Expansion And 2026 Guidance Will Support Medium Term Resilience

Analysts have trimmed their price targets on Danone, with the updated fair value estimate easing from about €79.88 to €79.68. This reflects recent target cuts from several banks alongside more cautious assumptions on discount rate, revenue growth, profit margins and future P/E.
ORA
€17.44
Orange
7D
-2.8%
1Y
37.6%