Narrative Update • Jun 07
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French (CAC) Market Analysis & Valuation
UpdatedJun 11, 2026
DataAggregated Company Financials
Companies633
- 7D0.8%
- 3M1.3%
- 1Y1.6%
- YTD-3.3%
The Consumer Discretionary sector gained 4.3% while the market remained flat over the last week. Similarly, the market is flat for the past 12 months. Looking forward, earnings are forecast to grow by 12% annually.
Market Valuation and Performance
Has the French Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 12 Jun 2026 | €3.0t | €2.1t | €129.0b | 16.3x | 23.1x | 1.4x |
| Sun, 10 May 2026 | €3.0t | €2.1t | €130.4b | 16x | 22.7x | 1.4x |
| Tue, 07 Apr 2026 | €2.9t | €2.1t | €129.0b | 16.1x | 22.5x | 1.4x |
| Thu, 05 Mar 2026 | €3.0t | €2.1t | €131.7b | 16.4x | 22.8x | 1.4x |
| Sat, 31 Jan 2026 | €3.0t | €2.1t | €128.4b | 16.6x | 23.5x | 1.4x |
| Mon, 29 Dec 2025 | €3.0t | €2.1t | €130.4b | 16.3x | 23.3x | 1.4x |
| Wed, 26 Nov 2025 | €3.0t | €2.1t | €130.9b | 15.8x | 23x | 1.4x |
| Fri, 24 Oct 2025 | €3.1t | €2.1t | €127.5b | 16.7x | 24.3x | 1.5x |
| Sun, 21 Sep 2025 | €3.0t | €2.1t | €129.9b | 16x | 22.7x | 1.4x |
| Tue, 19 Aug 2025 | €3.0t | €2.1t | €129.9b | 16.2x | 22.8x | 1.4x |
| Thu, 17 Jul 2025 | €2.9t | €2.1t | €146.6b | 16x | 20x | 1.4x |
| Sat, 14 Jun 2025 | €2.9t | €2.1t | €146.9b | 15.6x | 19.8x | 1.4x |
| Mon, 12 May 2025 | €2.9t | €2.1t | €146.4b | 15.3x | 20.1x | 1.4x |
| Wed, 09 Apr 2025 | €2.7t | €2.1t | €146.8b | 13.9x | 18.6x | 1.3x |
| Fri, 07 Mar 2025 | €3.1t | €2.1t | €147.9b | 15x | 21.3x | 1.5x |
| Sun, 02 Feb 2025 | €3.1t | €2.2t | €146.9b | 14.3x | 20.9x | 1.4x |
| Tue, 31 Dec 2024 | €2.8t | €2.2t | €148.1b | 14x | 19.1x | 1.3x |
| Thu, 28 Nov 2024 | €2.7t | €2.2t | €145.4b | 13.7x | 18.9x | 1.3x |
| Sat, 26 Oct 2024 | €2.9t | €2.1t | €147.7b | 14.2x | 19.4x | 1.3x |
| Mon, 23 Sep 2024 | €2.9t | €2.1t | €145.0b | 14.6x | 19.7x | 1.3x |
| Wed, 21 Aug 2024 | €2.9t | €2.1t | €147.2b | 14.7x | 19.6x | 1.4x |
| Fri, 19 Jul 2024 | €2.9t | €2.1t | €149.4b | 15.6x | 19.5x | 1.4x |
| Sun, 16 Jun 2024 | €2.9t | €2.1t | €149.6b | 16.1x | 19.5x | 1.4x |
| Tue, 14 May 2024 | €3.2t | €2.1t | €148.7b | 16.7x | 21.3x | 1.5x |
| Thu, 11 Apr 2024 | €3.1t | €2.1t | €103.6b | 15.7x | 30x | 1.5x |
| Sat, 09 Mar 2024 | €3.1t | €2.1t | €101.6b | 15.1x | 30.8x | 1.5x |
| Mon, 05 Feb 2024 | €3.0t | €2.2t | €99.8b | 14.9x | 29.9x | 1.3x |
| Wed, 03 Jan 2024 | €2.9t | €2.2t | €103.7b | 15.3x | 28.4x | 1.3x |
| Fri, 01 Dec 2023 | €2.9t | €2.2t | €105.9b | 14.3x | 27x | 1.3x |
| Sun, 29 Oct 2023 | €2.7t | €2.2t | €149.9b | 13.4x | 17.7x | 1.2x |
| Tue, 26 Sep 2023 | €2.8t | €2.2t | €150.0b | 14.2x | 18.6x | 1.2x |
| Thu, 24 Aug 2023 | €2.9t | €2.2t | €150.9b | 14.4x | 19.2x | 1.3x |
| Sat, 22 Jul 2023 | €3.0t | €2.3t | €142.9b | 14.9x | 21.1x | 1.3x |
| Mon, 19 Jun 2023 | €3.0t | €2.3t | €145.8b | 14.2x | 20.6x | 1.3x |
Price to Earnings Ratio
20.6x
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 4.0% 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 | 0.78% | |
| Consumer Discretionary | 4.35% | |
| Healthcare | 3.87% | |
| Consumer Staples | 3.52% | |
| Real Estate | 1.93% | |
| Materials | 1.69% | |
| Telecom | 1.25% | |
| Financials | 0.21% | |
| Utilities | -0.26% | |
| Energy | -0.70% | |
| Industrials | -2.06% | |
| Tech | -6.17% | |
Sector PE
- Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 25.9x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 26.3% 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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| MC LVMH Moët Hennessy - Louis Vuitton Société Européenne | €493.20 | 4.0% +€9.5b | 5.2% | PE22.5x | Consumer Discretionary | |
| OR L'Oréal | €383.30 | 3.3% +€6.6b | 2.0% | PE33.4x | Consumer Staples | |
| RMS Hermès International Société en commandite par actions | €1.64k | 3.8% +€6.3b | -29.6% | PE38.1x | Consumer Discretionary | |
| CDI Christian Dior | €459.80 | 4.3% +€3.4b | 4.3% | PE18.3x | Consumer Discretionary | |
| CS AXA | €40.47 | 2.6% +€2.1b | -3.4% | PE11.4x | Financials |
