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French (CAC) Market Analysis & Valuation

UpdatedAug 16, 2026
DataAggregated Company Financials
Companies639
  • 7D-1.1%
  • 3M6.4%
  • 1Y4.4%
  • YTD0.4%

Over the last 7 days, the market has dropped 1.1%, driven by a decline of 3.7% in the Consumer Discretionary sector. As for the longer term, the market has actually risen by 4.4% in the last year. Looking forward, earnings are forecast to grow by 13% annually.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 17 Aug 2026€3.1t€2.1t€151.6b16x20.4x1.4x
Wed, 15 Jul 2026€3.0t€2.1t€129.7b15.4x23.3x1.4x
Fri, 12 Jun 2026€3.0t€2.1t€129.0b16.2x23.2x1.4x
Sun, 10 May 2026€3.0t€2.1t€130.4b16x22.7x1.4x
Tue, 07 Apr 2026€2.9t€2.1t€129.0b16.1x22.5x1.4x
Thu, 05 Mar 2026€3.0t€2.1t€131.7b16.4x22.8x1.4x
Sat, 31 Jan 2026€3.0t€2.1t€128.4b16.6x23.5x1.4x
Mon, 29 Dec 2025€3.0t€2.1t€130.4b16.3x23.3x1.4x
Wed, 26 Nov 2025€3.0t€2.1t€130.9b15.8x23x1.4x
Fri, 24 Oct 2025€3.1t€2.1t€127.5b16.7x24.3x1.5x
Sun, 21 Sep 2025€3.0t€2.1t€129.9b16x22.7x1.4x
Tue, 19 Aug 2025€3.0t€2.1t€129.9b16.2x22.8x1.4x
Thu, 17 Jul 2025€2.9t€2.1t€146.6b16x20x1.4x
Sat, 14 Jun 2025€2.9t€2.1t€146.9b15.6x19.8x1.4x
Mon, 12 May 2025€2.9t€2.1t€146.4b15.3x20.1x1.4x
Wed, 09 Apr 2025€2.7t€2.1t€146.8b13.9x18.6x1.3x
Fri, 07 Mar 2025€3.1t€2.1t€147.9b15x21.3x1.5x
Sun, 02 Feb 2025€3.1t€2.2t€146.9b14.3x20.9x1.4x
Tue, 31 Dec 2024€2.8t€2.2t€148.1b14x19.1x1.3x
Thu, 28 Nov 2024€2.7t€2.2t€145.4b13.7x18.9x1.3x
Sat, 26 Oct 2024€2.9t€2.1t€147.7b14.2x19.4x1.3x
Mon, 23 Sep 2024€2.9t€2.1t€145.0b14.6x19.7x1.3x
Wed, 21 Aug 2024€2.9t€2.1t€147.2b14.7x19.6x1.4x
Fri, 19 Jul 2024€2.9t€2.1t€149.4b15.6x19.5x1.4x
Sun, 16 Jun 2024€2.9t€2.1t€149.6b16.1x19.5x1.4x
Tue, 14 May 2024€3.2t€2.1t€148.7b16.7x21.3x1.5x
Thu, 11 Apr 2024€3.1t€2.1t€103.6b15.7x30x1.5x
Sat, 09 Mar 2024€3.1t€2.1t€101.6b15.1x30.8x1.5x
Mon, 05 Feb 2024€3.0t€2.2t€99.8b14.9x29.9x1.3x
Wed, 03 Jan 2024€2.9t€2.2t€103.7b15.3x28.4x1.3x
Fri, 01 Dec 2023€2.9t€2.2t€105.9b14.3x27x1.3x
Sun, 29 Oct 2023€2.7t€2.2t€149.9b13.4x17.7x1.2x
Tue, 26 Sep 2023€2.8t€2.2t€150.0b14.2x18.6x1.2x
Thu, 24 Aug 2023€2.9t€2.2t€150.9b14.4x19.2x1.3x
Price to Earnings Ratio

19.2x


Total Market Cap: €2.9tTotal Earnings: €150.9bTotal Revenue: €2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
French Market Price to Earnings3Y Average 22.5x202420252026
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 22.5x.
Past Earnings Growth
  • Both revenue and earnings for French listed companies have remained mostly flat over the last three years.
  • This means sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Sector Trends

Which sectors have driven the changes within the French Market?

FR Market-1.08%
Energy2.43%
Telecom0.33%
Industrials0.15%
Financials-0.03%
Real Estate-0.96%
Consumer Staples-1.48%
Tech-1.79%
Healthcare-1.97%
Materials-2.15%
Utilities-3.37%
Consumer Discretionary-3.68%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 29.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 15.3% which is higher than its past year's earnings decline of 5.4% 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 9.7x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings growth rate of 0.4% per year.
  • In contrast, the Energy sector is expected to see its earnings grow by 2.5% 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€75.782.3%
+€3.8b		41.7%PE10.9xEnergy
ACA Crédit Agricole€20.203.0%
+€1.8b		18.1%PB0.8xFinancials
SU Schneider Electric€306.400.9%
+€1.5b		38.9%PE36.4xIndustrials
AIR Airbus€215.400.8%
+€1.4b		15.3%PE28.7xIndustrials
SAF Safran€360.500.9%
+€1.3b		23.5%PE38.5xIndustrials
See more

Market Insights

Header cover image
Investing in a theme primarily based on demand could come unstuck. As the European heatwave has shown, adoption can be far more complicated than whether a product is needed, which is exactly the part investors tend to skip.
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Latest News

AIR
€215.40
Airbus
7D
0.8%
1Y
15.3%
OR
€379.50
L'Oréal
7D
-1.7%
1Y
-3.4%
RMS
€1,576.00
Hermès International Société en commandite par actions
7D
-3.6%
1Y
-23.7%
Narrative Update • Aug 13

RMS: Leather Expansion And Brand Strength Will Sustain Premium Future P/E

The analyst fair value estimate for Hermès International Société en commandite par actions has been reduced from €2,320 to €2,150, as recent Street research has steadily lowered price targets across the sector. Analysts have cited more cautious views on near term share catalysts and valuation multiples.
EL
€162.55
EssilorLuxottica Société anonyme
7D
-5.7%
1Y
-39.2%
Narrative Update • Aug 12

EL: AI Eyewear Collaborations Will Support Future Earnings Repricing Potential

The analyst price target for EssilorLuxottica Société anonyme has been revised lower by about €7 to reflect updated fair value estimates and recent Street research, which highlights tougher comparables and rising competition in AI glasses. Analyst Commentary Recent Street research on EssilorLuxottica Société anonyme points to a mixed but still constructive backdrop.
HO
€270.40
Thales
7D
2.1%
1Y
14.9%
Narrative Update • Aug 11

HO: Defence And Cyber Resilience Partnership Will Support Future Earnings And Execution Risks

Analysts have nudged their fair value estimate for Thales higher to about €295 from about €289, reflecting updated assumptions around revenue growth, profit margins and future P/E supported by a series of recent price target increases and rating upgrades across the Street. Analyst Commentary Recent Street research on Thales shows a mix of upbeat pricing moves and more balanced stances.
MC
€458.40
LVMH Moët Hennessy - Louis Vuitton Société Européenne
7D
-4.5%
1Y
-3.7%
Narrative Update • Aug 11

MC: Creative Reboot And Cautious Earnings Assumptions Will Shape The Next Chapter

Analysts have reduced the fair value estimate for LVMH Moët Hennessy - Louis Vuitton Société Européenne from about €468 to about €451, reflecting updated assumptions on revenue growth, profit margins, P/E multiples, and a slightly higher discount rate that are consistent with the recent pattern of lower price targets across the Street. Analyst Commentary The recent stream of Street research on LVMH Moët Hennessy – Louis Vuitton Société Européenne points to a more cautious tone around the stock.
TTE
€75.78
TotalEnergies
7D
2.3%
1Y
41.7%
SU
€306.40
Schneider Electric
7D
0.9%
1Y
38.9%
Narrative Update • Aug 10

SU: AI Data Centers And Automation Tailwinds Will Support Balanced Future Upside

Analysts have lifted the Schneider Electric fair value estimate from €313.52 to €325.04, reflecting a series of higher price targets and updated assumptions on revenue growth, margins, discount rate and future P/E drawn from recent research. Analyst Commentary Recent research on Schneider Electric points to a mixed but generally constructive view on the stock, with multiple price target changes and rating updates feeding into the revised fair value estimate.
CDI
€418.00
Christian Dior
7D
-4.1%
1Y
-8.3%
Analysis Article • Aug 08

Christian Dior's (EPA:CDI) Earnings Offer More Than Meets The Eye

Christian Dior SE's ( EPA:CDI ) recent earnings report didn't offer any surprises, with the shares unchanged over the...
ACA
€20.20
Crédit Agricole
7D
3.0%
1Y
18.1%
PUB
€101.80
Publicis Groupe
7D
1.8%
1Y
32.2%
ENGI
€25.72
Engie
7D
-3.7%
1Y
36.0%
Analysis Article • Aug 04

Engie SA (EPA:ENGI) Just Reported Second-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Investors in Engie SA ( EPA:ENGI ) had a good week, as its shares rose 2.7% to close at €26.87 following the release of...
DG
€120.85
Vinci
7D
-3.6%
1Y
-6.8%
SAF
€360.50
Safran
7D
0.9%
1Y
23.5%
AI
€168.26
L'Air Liquide
7D
-2.4%
1Y
2.7%
Analysis Article • Jul 31

The L'Air Liquide S.A. (EPA:AI) Interim Results Are Out And Analysts Have Published New Forecasts

L'Air Liquide S.A. ( EPA:AI ) shareholders are probably feeling a little disappointed, since its shares fell 2.2% to...
DIM
€185.50
Sartorius Stedim Biotech
7D
4.3%
1Y
4.6%
Analysis Article • Jul 26

Sartorius Stedim Biotech S.A. Just Missed EPS By 11%: Here's What Analysts Think Will Happen Next

Shareholders might have noticed that Sartorius Stedim Biotech S.A. ( EPA:DIM ) filed its half-yearly result this time...