France Stocks: Intrinsic Value

131 companies

Which stocks look cheapest against what their own reports say they are worth? The list is ordered by Intrinsic Value / Market Cap.

How the mode, the quality filters and the projection filters change the list.
Filters
What each control narrows. The quality filters are in the panel below.
to
Filters are off by default: on the current valuation no combination beat the unfiltered ranking by a margin that held across every sample. Changing the mode leaves these filters as they are.

The list

book: the projection was rejected, so the book value stands in its place. K, M, B, T, Q: thousand, million, billion, trillion, quadrillion. A line listed abroad can carry a market cap far below the company's; Home listings only leaves those lines out.

Listed FR, based FR · Industrials · Airlines

Profit is over 3× the larger of EPV and FCFF

Market Cap

$2.99B

Avg Intrinsic

$988.62B

Intrinsic / Market

330.26

Margin of Safety

99.7%

WACC

7.0%

FY End

2025-12-31

EPV

$18.20B

Profit

$2.94T

FCFF

$3.19B book

2
RNO.PA
Renault SA

Listed FR, based FR · Consumer Cyclical · Auto Manufacturers

Market Cap

$8.01B

Avg Intrinsic

$100.95B

Intrinsic / Market

12.60

Margin of Safety

92.1%

WACC

1.2%

FY End

2025-12-31

EPV

$211.01B

Profit

$25.25B book

FCFF

$66.60B

Listed FR, based NL · Consumer Cyclical · Auto Manufacturers

Market Cap

$12.63B

Avg Intrinsic

$70.59B

Intrinsic / Market

5.59

Margin of Safety

82.1%

WACC

3.6%

FY End

2025-12-31

EPV

$70.59B book

Profit

$70.59B book

FCFF

$70.59B book

Listed FR, based FR · Energy · Oil & Gas Midstream

Market Cap

$4.74B

Avg Intrinsic

$24.80B

Intrinsic / Market

5.24

Margin of Safety

80.9%

WACC

7.9%

FY End

2025-12-31

EPV

$24.80B book

Profit

$24.80B book

FCFF

$24.80B book

Listed FR, based FR · Financial Services · Banks - Regional

Market Cap

$1.61B

Avg Intrinsic

$6.33B

Intrinsic / Market

3.93

Margin of Safety

74.6%

WACC

5.4%

FY End

2025-12-31

EPV

$6.41B

Profit

$5.43B

FCFF

$7.14B book

Listed FR, based FR · Financial Services · Banks - Regional

Market Cap

$1.44B

Avg Intrinsic

$5.53B

Intrinsic / Market

3.83

Margin of Safety

73.9%

WACC

5.9%

FY End

2025-12-31

EPV

$4.22B

Profit

$4.96B

FCFF

$7.41B book

7
AYV.PA
AYVENS

Listed FR, based FR · Industrials · Rental & Leasing Services

Market Cap

$7.90B

Avg Intrinsic

$30.05B

Intrinsic / Market

3.80

Margin of Safety

73.7%

WACC

2.4%

FY End

2025-12-31

EPV

$63.06B

Profit

$14.35B

FCFF

$12.74B book

Listed FR, based FR · Financial Services · Banks - Regional

Market Cap

$1.37B

Avg Intrinsic

$4.55B

Intrinsic / Market

3.32

Margin of Safety

69.9%

WACC

8.4%

FY End

2025-12-31

EPV

$2.88B

Profit

$3.59B

FCFF

$7.18B book

Listed FR, based FR · Consumer Cyclical · Auto Parts

Market Cap

$1.46B

Avg Intrinsic

$4.74B

Intrinsic / Market

3.25

Margin of Safety

69.3%

WACC

4.5%

FY End

2025-12-31

EPV

$7.11B

Profit

$2.52B

FCFF

$4.59B

Listed FR, based FR · Financial Services · Asset Management

Market Cap

$1.46B

Avg Intrinsic

$4.60B

Intrinsic / Market

3.15

Margin of Safety

68.2%

WACC

8.8%

FY End

2025-12-31

EPV

$5.51B book

Profit

$2.77B

FCFF

$5.51B book

Listed FR, based FR · Financial Services · Banks - Regional

Market Cap

$57.44B

Avg Intrinsic

$177.12B

Intrinsic / Market

3.08

Margin of Safety

67.6%

WACC

4.7%

FY End

2025-12-31

EPV

$343.73B

Profit

$88.22B

FCFF

$99.40B book

Listed FR, based FR · Financial Services · Banks - Regional

Market Cap

$2.63B

Avg Intrinsic

$8.03B

Intrinsic / Market

3.06

Margin of Safety

67.3%

WACC

6.5%

FY End

2025-12-31

EPV

$7.50B

Profit

$6.02B

FCFF

$10.56B book

13
VIV.PA
Vivendi SE

Listed FR, based FR · Communication Services · Electronic Gaming & Multimedia

Market Cap

$1.75B

Avg Intrinsic

$5.28B

Intrinsic / Market

3.02

Margin of Safety

66.9%

WACC

8.6%

FY End

2025-12-31

EPV

$5.28B book

Profit

$5.28B book

FCFF

$5.28B book

14
BOL.PA
Bolloré SE

Listed FR, based FR · Communication Services · Entertainment

Market Cap

$11.63B

Avg Intrinsic

$28.72B

Intrinsic / Market

2.47

Margin of Safety

59.5%

WACC

7.9%

FY End

2025-12-31

EPV

$28.72B book

Profit

$28.72B book

FCFF

$28.72B book

Listed FR, based FR · Financial Services · Capital Markets

Market Cap

$1.16B

Avg Intrinsic

$2.82B

Intrinsic / Market

2.42

Margin of Safety

58.7%

WACC

5.8%

FY End

2025-12-31

EPV

$3.67B

Profit

$2.48B

FCFF

$2.30B

16
MF.PA
Wendel

Listed FR, based FR · Financial Services · Asset Management

Market Cap

$3.53B

Avg Intrinsic

$8.04B

Intrinsic / Market

2.28

Margin of Safety

56.1%

WACC

5.3%

FY End

2025-12-31

EPV

$11.76B

Profit

$5.69B book

FCFF

$6.68B

17
PLX.PA
Pluxee N.V.

Listed FR, based FR · Industrials · Specialty Business Services

Market Cap

$2.29B

Avg Intrinsic

$5.16B

Intrinsic / Market

2.25

Margin of Safety

55.6%

WACC

10.4%

FY End

2025-08-31

EPV

$5.64B

Profit

$9.27B

FCFF

$578.93M book

Listed FR, based FR · Financial Services · Banks - Regional

Market Cap

$53.89B

Avg Intrinsic

$120.53B

Intrinsic / Market

2.24

Margin of Safety

55.3%

WACC

5.3%

FY End

2025-12-31

EPV

$195.15B

Profit

$74.34B

FCFF

$92.10B book

19
FGR.PA
Eiffage SA

Listed FR, based FR · Industrials · Engineering & Construction

Market Cap

$11.00B

Avg Intrinsic

$24.60B

Intrinsic / Market

2.24

Margin of Safety

55.3%

WACC

4.5%

FY End

2025-12-31

EPV

$43.61B

Profit

$12.81B

FCFF

$17.39B

Listed FR, based FR · Energy · Oil & Gas Equipment & Services

Market Cap

$8.73B

Avg Intrinsic

$19.40B

Intrinsic / Market

2.22

Margin of Safety

55.0%

WACC

7.6%

FY End

2025-12-31

EPV

$8.73B

Profit

$23.75B

FCFF

$25.72B

21
RF.PA
Eurazeo SE

Listed FR, based FR · Financial Services · Asset Management

Market Cap

$3.31B

Avg Intrinsic

$7.16B

Intrinsic / Market

2.16

Margin of Safety

53.8%

WACC

8.6%

FY End

2025-12-31

EPV

$7.16B book

Profit

$7.16B book

FCFF

$7.16B book

Listed FR, based FR · Financial Services · Banks - Regional

Market Cap

$113.16B

Avg Intrinsic

$236.82B

Intrinsic / Market

2.09

Margin of Safety

52.2%

WACC

5.2%

FY End

2025-12-31

EPV

$413.20B

Profit

$138.98B

FCFF

$158.29B book

23
CLARI.PA
Clariane SE

Listed FR, based FR · Healthcare · Medical Care Facilities

Market Cap

$1.25B

Avg Intrinsic

$2.56B

Intrinsic / Market

2.05

Margin of Safety

51.2%

WACC

3.6%

FY End

2025-12-31

EPV

$850.24M

Profit

$4.48B book

FCFF

$2.34B

Listed FR, based MA · Communication Services · Telecom Services

Market Cap

$8.77B

Avg Intrinsic

$17.70B

Intrinsic / Market

2.02

Margin of Safety

50.4%

WACC

5.5%

FY End

2025-12-31

EPV

$19.73B

Profit

$19.05B

FCFF

$14.31B

Listed FR, based FR · Utilities · Utilities - Renewable

Market Cap

$1.24B

Avg Intrinsic

$2.47B

Intrinsic / Market

1.99

Margin of Safety

49.8%

WACC

7.7%

FY End

2025-12-31

EPV

$2.38B

Profit

$4.30B

FCFF

$744.70M book

26
IPS.PA
Ipsos SA

Listed FR, based FR · Industrials · Consulting Services

Market Cap

$1.67B

Avg Intrinsic

$3.23B

Intrinsic / Market

1.94

Margin of Safety

48.4%

WACC

6.9%

FY End

2025-12-31

EPV

$3.83B

Profit

$2.96B

FCFF

$2.91B

Listed FR, based FR · Industrials · Specialty Business Services

Market Cap

$5.16B

Avg Intrinsic

$9.76B

Intrinsic / Market

1.89

Margin of Safety

47.1%

WACC

5.9%

FY End

2025-12-31

EPV

$13.19B

Profit

$9.39B

FCFF

$6.70B

Listed FR, based FR · Energy · Oil & Gas E&P

Market Cap

$1.78B

Avg Intrinsic

$3.33B

Intrinsic / Market

1.87

Margin of Safety

46.5%

WACC

5.2%

FY End

2025-12-31

EPV

$2.38B

Profit

$5.56B

FCFF

$2.06B

Listed FR, based FR · Communication Services · Telecom Services

Market Cap

$2.29B

Avg Intrinsic

$4.22B

Intrinsic / Market

1.84

Margin of Safety

45.7%

WACC

4.8%

FY End

2026-06-30

EPV

$4.22B book

Profit

$4.22B book

FCFF

$4.22B book

30
TFI.PA
TF1 SA

Listed FR, based FR · Communication Services · Broadcasting

Market Cap

$1.40B

Avg Intrinsic

$2.41B

Intrinsic / Market

1.72

Margin of Safety

41.8%

WACC

8.3%

FY End

2025-12-31

EPV

$3.01B

Profit

$1.92B

FCFF

$2.30B book

31
SESG.PA
SES S.A.

Listed FR, based LU · Communication Services · Broadcasting

Market Cap

$1.85B

Avg Intrinsic

$3.09B

Intrinsic / Market

1.67

Margin of Safety

40.0%

WACC

4.1%

FY End

2025-12-31

EPV

$3.09B book

Profit

$3.09B book

FCFF

$3.09B book

32
FRVIA.PA
Forvia SE

Listed FR, based FR · Consumer Cyclical · Auto Parts

Market Cap

$1.73B

Avg Intrinsic

$2.79B

Intrinsic / Market

1.62

Margin of Safety

38.2%

WACC

2.2%

FY End

2025-12-31

EPV

-$113.38M

Profit

$4.25B book

FCFF

$4.25B book

Listed FR, based FR · Consumer Cyclical · Luxury Goods

Market Cap

$83.37B

Avg Intrinsic

$130.87B

Intrinsic / Market

1.57

Margin of Safety

36.3%

WACC

7.1%

FY End

2025-12-31

EPV

$201.05B

Profit

$58.07B

FCFF

$133.50B

Listed FR, based FR · Consumer Defensive · Grocery Stores

Market Cap

$12.16B

Avg Intrinsic

$18.99B

Intrinsic / Market

1.56

Margin of Safety

35.9%

WACC

5.2%

FY End

2025-12-31

EPV

$26.09B

Profit

$17.84B

FCFF

$13.03B

35
LOUP.PA
L.D.C. S.A.

Listed FR, based FR · Consumer Defensive · Farm Products

Market Cap

$4.13B

Avg Intrinsic

$6.36B

Intrinsic / Market

1.54

Margin of Safety

35.1%

WACC

6.5%

FY End

2026-02-28

EPV

$7.24B

Profit

$6.48B

FCFF

$5.36B

36
ERA.PA
ERAMET S.A.

Listed FR, based FR · Basic Materials · Other Industrial Metals & Mining

Market Cap

$1.08B

Avg Intrinsic

$1.65B

Intrinsic / Market

1.53

Margin of Safety

34.4%

WACC

5.5%

FY End

2025-12-31

EPV

$1.65B book

Profit

$1.65B book

FCFF

$1.65B book

37
SAN.PA
Sanofi

Listed FR, based FR · Healthcare · Drug Manufacturers - General

Market Cap

$95.15B

Avg Intrinsic

$139.71B

Intrinsic / Market

1.47

Margin of Safety

31.9%

WACC

5.3%

FY End

2025-12-31

EPV

$182.47B

Profit

$120.83B

FCFF

$115.83B

Listed FR, based FR · Basic Materials · Specialty Chemicals

Market Cap

$2.04B

Avg Intrinsic

$2.98B

Intrinsic / Market

1.46

Margin of Safety

31.7%

WACC

5.2%

FY End

2025-12-31

EPV

$484.73M

Profit

$5.55B

FCFF

$2.91B

Listed FR, based FR · Consumer Defensive · Beverages - Wineries & Distilleries

Market Cap

$16.56B

Avg Intrinsic

$24.22B

Intrinsic / Market

1.46

Margin of Safety

31.6%

WACC

5.2%

FY End

2026-06-30

EPV

$27.67B

Profit

$21.21B

FCFF

$23.77B

40
VCT.PA
Vicat S.A.

Listed FR, based FR · Basic Materials · Building Materials

Market Cap

$2.94B

Avg Intrinsic

$4.28B

Intrinsic / Market

1.46

Margin of Safety

31.5%

WACC

6.3%

FY End

2025-12-31

EPV

$4.91B

Profit

$3.71B

FCFF

$4.23B

41
FR.PA
Valeo SE

Listed FR, based FR · Consumer Cyclical · Auto Parts

Market Cap

$3.21B

Avg Intrinsic

$4.66B

Intrinsic / Market

1.45

Margin of Safety

31.2%

WACC

5.8%

FY End

2025-12-31

EPV

$5.83B

Profit

$3.38B

FCFF

$4.79B book

Listed FR, based FR · Industrials · Specialty Business Services

Market Cap

$1.97B

Avg Intrinsic

$2.83B

Intrinsic / Market

1.44

Margin of Safety

30.4%

WACC

4.9%

FY End

2025-12-31

EPV

$3.52B

Profit

$1.82B

FCFF

$3.16B book

Listed FR, based FR · Healthcare · Medical Care Facilities

Market Cap

$1.73B

Avg Intrinsic

$2.41B

Intrinsic / Market

1.39

Margin of Safety

28.3%

WACC

4.1%

FY End

2025-12-31

EPV

$2.41B book

Profit

$2.41B book

FCFF

$2.41B book

44
MMB.PA
Lagardere SA

Listed FR, based FR · Consumer Cyclical · Specialty Retail

Market Cap

$2.93B

Avg Intrinsic

$3.93B

Intrinsic / Market

1.34

Margin of Safety

25.5%

WACC

5.4%

FY End

2025-12-31

EPV

$6.03B

Profit

$3.49B

FCFF

$2.27B

Listed FR, based FR · Energy · Oil & Gas Equipment & Services

Market Cap

$5.45B

Avg Intrinsic

$7.12B

Intrinsic / Market

1.31

Margin of Safety

23.5%

WACC

6.5%

FY End

2025-12-31

EPV

$11.30B

Profit

$7.34B

FCFF

$2.71B book

46
SK.PA
SEB SA

Listed FR, based FR · Consumer Cyclical · Furnishings, Fixtures & Appliances

Market Cap

$3.34B

Avg Intrinsic

$4.33B

Intrinsic / Market

1.30

Margin of Safety

22.8%

WACC

6.6%

FY End

2025-12-31

EPV

$5.98B

Profit

$3.25B

FCFF

$3.76B book

47
CAP.PA
Capgemini SE

Listed FR, based FR · Technology · Information Technology Services

Market Cap

$20.28B

Avg Intrinsic

$26.06B

Intrinsic / Market

1.29

Margin of Safety

22.2%

WACC

6.0%

FY End

2025-12-31

EPV

$30.03B

Profit

$26.64B

FCFF

$21.52B

48
TRI.PA
Trigano S.A.

Listed FR, based FR · Consumer Cyclical · Recreational Vehicles

Market Cap

$2.70B

Avg Intrinsic

$3.39B

Intrinsic / Market

1.26

Margin of Safety

20.4%

WACC

10.4%

FY End

2025-08-31

EPV

$3.90B

Profit

$3.70B

FCFF

$2.56B book

49
FNAC.PA
Fnac Darty SA

Listed FR, based FR · Consumer Cyclical · Specialty Retail

Market Cap

$1.15B

Avg Intrinsic

$1.44B

Intrinsic / Market

1.25

Margin of Safety

20.2%

WACC

5.3%

FY End

2025-12-31

EPV

$1.24B

Profit

$1.12B

FCFF

$1.95B

Listed FR, based FR · Communication Services · Broadcasting

Market Cap

$1.45B

Avg Intrinsic

$1.81B

Intrinsic / Market

1.25

Margin of Safety

20.0%

WACC

8.1%

FY End

2025-12-31

EPV

$2.39B

Profit

$1.67B

FCFF

$1.36B book

Listed FR, based FR · Energy · Oil & Gas Integrated

Market Cap

$184.35B

Avg Intrinsic

$230.09B

Intrinsic / Market

1.25

Margin of Safety

19.9%

WACC

4.2%

FY End

2025-12-31

EPV

$316.25B

Profit

$188.49B

FCFF

$185.53B

Listed FR, based FR · Industrials · Engineering & Construction

Market Cap

$17.45B

Avg Intrinsic

$21.72B

Intrinsic / Market

1.24

Margin of Safety

19.7%

WACC

5.4%

FY End

2025-12-31

EPV

$29.93B

Profit

$18.91B

FCFF

$16.32B book

Listed FR, based FR · Consumer Cyclical · Packaging & Containers

Market Cap

$2.58B

Avg Intrinsic

$3.15B

Intrinsic / Market

1.22

Margin of Safety

17.9%

WACC

6.1%

FY End

2025-12-31

EPV

$4.97B

Profit

$2.42B

FCFF

$2.06B

Listed FR · Energy · Oil & Gas E&P

Market Cap

$1.16B

Avg Intrinsic

$1.33B

Intrinsic / Market

1.14

Margin of Safety

12.6%

WACC

5.3%

FY End

2025-12-31

EPV

$1.51B

Profit

$1.12B

FCFF

$1.35B book

55
FDJU.PA
FDJ United

Listed FR, based FR · Consumer Cyclical · Gambling

Market Cap

$4.24B

Avg Intrinsic

$4.77B

Intrinsic / Market

1.13

Margin of Safety

11.1%

WACC

5.9%

FY End

2025-12-31

EPV

$8.14B

Profit

$4.29B

FCFF

$1.88B

56
ORA.PA
Orange S.A.

Listed FR, based FR · Communication Services · Telecom Services

Market Cap

$41.67B

Avg Intrinsic

$46.37B

Intrinsic / Market

1.11

Margin of Safety

10.1%

WACC

6.3%

FY End

2025-12-31

EPV

$66.72B

Profit

$31.60B

FCFF

$40.78B

57
RBT.PA
Robertet SA

Listed FR, based FR · Basic Materials · Chemicals

Market Cap

$1.83B

Avg Intrinsic

$2.04B

Intrinsic / Market

1.11

Margin of Safety

10.0%

WACC

6.2%

FY End

2025-12-31

EPV

$2.28B

Profit

$2.25B

FCFF

$1.58B

58
IPN.PA
Ipsen S.A.

Listed FR, based FR · Healthcare · Drug Manufacturers - Specialty & Generic

Market Cap

$12.91B

Avg Intrinsic

$14.33B

Intrinsic / Market

1.11

Margin of Safety

10.0%

WACC

6.2%

FY End

2025-12-31

EPV

$18.84B

Profit

$13.48B

FCFF

$10.69B

Listed FR, based FR · Basic Materials · Steel

Market Cap

$5.34B

Avg Intrinsic

$5.81B

Intrinsic / Market

1.09

Margin of Safety

8.0%

WACC

6.7%

FY End

2025-12-31

EPV

$6.16B

Profit

$6.71B

FCFF

$4.54B

60
RUI.PA
Rubis

Listed FR, based FR · Energy · Oil & Gas Refining & Marketing

Market Cap

$4.11B

Avg Intrinsic

$4.46B

Intrinsic / Market

1.08

Margin of Safety

7.8%

WACC

7.2%

FY End

2025-12-31

EPV

$5.27B

Profit

$3.83B

FCFF

$4.28B

61
DG.PA
Vinci SA

Listed FR, based FR · Industrials · Engineering & Construction

Market Cap

$66.16B

Avg Intrinsic

$71.59B

Intrinsic / Market

1.08

Margin of Safety

7.6%

WACC

6.4%

FY End

2025-12-31

EPV

$94.96B

Profit

$61.76B

FCFF

$58.04B

Listed FR, based FR · Financial Services · Asset Management

Market Cap

$3.02B

Avg Intrinsic

$3.20B

Intrinsic / Market

1.06

Margin of Safety

5.7%

WACC

6.0%

FY End

2025-12-31

EPV

$4.53B

Profit

$1.41B

FCFF

$3.66B book

63
AKE.PA
Arkema S.A.

Listed FR, based FR · Basic Materials · Specialty Chemicals

Market Cap

$4.65B

Avg Intrinsic

$4.84B

Intrinsic / Market

1.04

Margin of Safety

3.8%

WACC

5.5%

FY End

2025-12-31

EPV

$7.35B

Profit

$3.44B

FCFF

$3.73B

Listed FR, based FR · Consumer Defensive · Packaged Foods

Market Cap

$42.71B

Avg Intrinsic

$44.37B

Intrinsic / Market

1.04

Margin of Safety

3.8%

WACC

4.5%

FY End

2025-12-31

EPV

$56.96B

Profit

$39.98B

FCFF

$36.18B

65
GLO.PA
GL Events SA

Listed FR, based FR · Industrials · Specialty Business Services

Market Cap

$1.04B

Avg Intrinsic

$1.06B

Intrinsic / Market

1.02

Margin of Safety

1.8%

WACC

5.7%

FY End

2025-12-31

EPV

$1.48B

Profit

$913.99M

FCFF

$796.19M book

Listed FR, based FR · Technology · Information Technology Services

Market Cap

$3.89B

Avg Intrinsic

$3.95B

Intrinsic / Market

1.01

Margin of Safety

1.3%

WACC

8.0%

FY End

2025-12-31

EPV

$4.32B

Profit

$4.39B

FCFF

$3.12B

67
ENGI.PA
Engie SA

Listed FR, based FR · Utilities · Utilities - Diversified

Market Cap

$64.91B

Avg Intrinsic

$65.36B

Intrinsic / Market

1.01

Margin of Safety

0.7%

WACC

5.1%

FY End

2025-12-31

EPV

$72.28B

Profit

$67.99B

FCFF

$55.79B book

68
COTY.PA
Coty Inc.

Listed FR, based US · Consumer Defensive · Household & Personal Products

Market Cap

$2.79B

Avg Intrinsic

$2.72B

Intrinsic / Market

0.98

Margin of Safety

-2.5%

WACC

6.8%

FY End

2026-06-30

EPV

$1.39B

Profit

$3.38B book

FCFF

$3.38B book

Listed FR, based FR · Industrials · Specialty Business Services

Market Cap

$8.81B

Avg Intrinsic

$8.59B

Intrinsic / Market

0.97

Margin of Safety

-2.6%

WACC

9.4%

FY End

2025-08-31

EPV

$9.64B

Profit

$11.86B

FCFF

$4.26B book

70
STF.PA
STEF SA

Listed FR, based FR · Industrials · Integrated Freight & Logistics

Market Cap

$1.68B

Avg Intrinsic

$1.61B

Intrinsic / Market

0.96

Margin of Safety

-4.3%

WACC

5.0%

FY End

2025-12-31

EPV

$2.29B

Profit

$1.36B

FCFF

$1.19B

71
MLHK.PA
H&K AG

Listed FR, based DE · Industrials · Aerospace & Defense

Market Cap

$1.24B

Avg Intrinsic

$1.18B

Intrinsic / Market

0.95

Margin of Safety

-5.0%

WACC

5.1%

FY End

2025-12-31

EPV

$1.17B

Profit

$2.13B

FCFF

$241.70M book

Listed FR, based FR · Communication Services · Advertising Agencies

Market Cap

$26.39B

Avg Intrinsic

$24.81B

Intrinsic / Market

0.94

Margin of Safety

-6.4%

WACC

7.1%

FY End

2025-12-31

EPV

$28.47B

Profit

$26.34B

FCFF

$19.63B

Listed FR, based FR · Industrials · Building Products & Equipment

Market Cap

$36.75B

Avg Intrinsic

$33.38B

Intrinsic / Market

0.91

Margin of Safety

-10.1%

WACC

9.2%

FY End

2025-12-31

EPV

$36.55B

Profit

$31.12B

FCFF

$32.48B

Listed FR, based FR · Financial Services · Asset Management

Market Cap

$7.22B

Avg Intrinsic

$6.19B

Intrinsic / Market

0.86

Margin of Safety

-16.7%

WACC

6.5%

FY End

2025-12-31

EPV

$7.59B book

Profit

$3.37B

FCFF

$7.59B book

75
VETO.PA
Vetoquinol SA

Listed FR, based FR · Healthcare · Drug Manufacturers - Specialty & Generic

Market Cap

$1.04B

Avg Intrinsic

$884.11M

Intrinsic / Market

0.85

Margin of Safety

-17.5%

WACC

9.4%

FY End

2025-12-31

EPV

$1.01B

Profit

$792.63M

FCFF

$852.83M

76
ALO.PA
Alstom SA

Listed FR, based FR · Industrials · Railroads

Market Cap

$7.82B

Avg Intrinsic

$6.47B

Intrinsic / Market

0.83

Margin of Safety

-20.9%

WACC

7.7%

FY End

2026-03-31

EPV

$1.69B

Profit

$5.35B

FCFF

$12.37B book

Listed FR, based FR · Industrials · Waste Management

Market Cap

$25.58B

Avg Intrinsic

$21.13B

Intrinsic / Market

0.83

Margin of Safety

-21.0%

WACC

6.5%

FY End

2025-12-31

EPV

$28.94B

Profit

$16.89B

FCFF

$17.57B

Listed FR, based FR · Technology · Computer Hardware

Market Cap

$2.55B

Avg Intrinsic

$2.10B

Intrinsic / Market

0.82

Margin of Safety

-21.4%

WACC

6.0%

FY End

2025-12-31

EPV

$2.60B book

Profit

$1.11B

FCFF

$2.60B book

Listed FR, based FR · Energy · Oil & Gas Refining & Marketing

Market Cap

$1.07B

Avg Intrinsic

$877.11M

Intrinsic / Market

0.82

Margin of Safety

-21.6%

WACC

7.6%

FY End

2025-12-31

EPV

$877.11M book

Profit

$877.11M book

FCFF

$877.11M book

Listed FR, based FR · Healthcare · Diagnostics & Research

Market Cap

$10.15B

Avg Intrinsic

$8.30B

Intrinsic / Market

0.82

Margin of Safety

-22.4%

WACC

7.7%

FY End

2025-12-31

EPV

$8.62B

Profit

$8.52B

FCFF

$7.75B

Listed FR, based FR · Financial Services · Asset Management

Market Cap

$2.24B

Avg Intrinsic

$1.82B

Intrinsic / Market

0.81

Margin of Safety

-23.0%

WACC

6.8%

FY End

2025-12-31

EPV

$2.28B book

Profit

$900.12M

FCFF

$2.28B book

82
AREIT.PA
Altareit SCA

Listed FR, based FR · Real Estate · Real Estate - Development

Market Cap

$1.06B

Avg Intrinsic

$819.44M

Intrinsic / Market

0.77

Margin of Safety

-29.2%

WACC

4.3%

FY End

2025-12-31

EPV

$819.44M book

Profit

$819.44M book

FCFF

$819.44M book

83
ATE.PA
Alten S.A.

Listed FR, based FR · Technology · Information Technology Services

Market Cap

$3.30B

Avg Intrinsic

$2.53B

Intrinsic / Market

0.77

Margin of Safety

-30.2%

WACC

10.7%

FY End

2025-12-31

EPV

$2.82B

Profit

$2.78B

FCFF

$1.99B

Listed FR, based FR · Healthcare · Medical Care Facilities

Market Cap

$1.14B

Avg Intrinsic

$869.79M

Intrinsic / Market

0.76

Margin of Safety

-31.5%

WACC

4.1%

FY End

2026-06-30

EPV

-$33.60M

Profit

$1.32B book

FCFF

$1.32B book

Listed FR, based FR · Consumer Cyclical · Luxury Goods

Market Cap

$209.30B

Avg Intrinsic

$150.91B

Intrinsic / Market

0.72

Margin of Safety

-38.7%

WACC

8.3%

FY End

2025-12-31

EPV

$173.14B

Profit

$154.70B

FCFF

$124.89B

Listed FR, based FR · Consumer Defensive · Household & Personal Products

Market Cap

$2.97B

Avg Intrinsic

$2.12B

Intrinsic / Market

0.71

Margin of Safety

-40.3%

WACC

9.7%

FY End

2025-12-31

EPV

$2.55B

Profit

$1.76B

FCFF

$2.05B

Listed FR, based FR · Technology · Software - Application

Market Cap

$30.40B

Avg Intrinsic

$20.62B

Intrinsic / Market

0.68

Margin of Safety

-47.5%

WACC

7.0%

FY End

2025-12-31

EPV

$20.87B

Profit

$19.54B

FCFF

$21.44B

88
ELIS.PA
Elis SA

Listed FR, based FR · Industrials · Specialty Business Services

Market Cap

$5.12B

Avg Intrinsic

$3.38B

Intrinsic / Market

0.66

Margin of Safety

-51.8%

WACC

7.3%

FY End

2025-12-31

EPV

$2.82B

Profit

$3.85B

FCFF

$3.46B

Listed FR, based FR · Industrials · Aerospace & Defense

Market Cap

$51.37B

Avg Intrinsic

$33.74B

Intrinsic / Market

0.66

Margin of Safety

-52.2%

WACC

5.1%

FY End

2025-12-31

EPV

$45.72B

Profit

$35.02B

FCFF

$20.49B

90
VIRP.PA
Virbac SA

Listed FR, based FR · Healthcare · Drug Manufacturers - General

Market Cap

$3.26B

Avg Intrinsic

$2.10B

Intrinsic / Market

0.65

Margin of Safety

-55.0%

WACC

8.6%

FY End

2025-12-31

EPV

$2.12B

Profit

$2.17B

FCFF

$2.02B

Listed FR, based FR · Industrials · Waste Management

Market Cap

$1.34B

Avg Intrinsic

$836.97M

Intrinsic / Market

0.63

Margin of Safety

-59.7%

WACC

10.1%

FY End

2025-09-30

EPV

$848.20M

Profit

$949.53M

FCFF

$713.17M

Listed FR, based FR · Financial Services · Asset Management

Market Cap

$1.43B

Avg Intrinsic

$890.77M

Intrinsic / Market

0.62

Margin of Safety

-61.0%

WACC

10.9%

FY End

2025-12-31

EPV

$560.31M book

Profit

$911.65M

FCFF

$1.20B

93
RXL.PA
Rexel S.A.

Listed FR, based FR · Technology · Electronics & Computer Distribution

Market Cap

$12.24B

Avg Intrinsic

$7.45B

Intrinsic / Market

0.61

Margin of Safety

-64.4%

WACC

7.7%

FY End

2025-12-31

EPV

$8.49B

Profit

$7.65B

FCFF

$6.20B

Listed FR, based FR · Industrials · Aerospace & Defense

Market Cap

$24.37B

Avg Intrinsic

$14.62B

Intrinsic / Market

0.60

Margin of Safety

-66.7%

WACC

7.0%

FY End

2025-12-31

EPV

$21.66B

Profit

$14.69B

FCFF

$7.50B book

95
AC.PA
Accor SA

Listed FR, based FR · Consumer Cyclical · Lodging

Market Cap

$11.37B

Avg Intrinsic

$6.74B

Intrinsic / Market

0.59

Margin of Safety

-68.6%

WACC

7.4%

FY End

2025-12-31

EPV

$8.32B

Profit

$5.69B

FCFF

$6.22B

96
EDEN.PA
Edenred SE

Listed FR, based FR · Financial Services · Credit Services

Market Cap

$6.96B

Avg Intrinsic

$4.11B

Intrinsic / Market

0.59

Margin of Safety

-69.4%

WACC

5.6%

FY End

2025-12-31

EPV

$14.25B

Profit

-$961.89M book

FCFF

-$961.89M book

Listed FR, based FR · Industrials · Airports & Air Services

Market Cap

$11.93B

Avg Intrinsic

$7.03B

Intrinsic / Market

0.59

Margin of Safety

-69.7%

WACC

5.5%

FY End

2025-12-31

EPV

$9.95B

Profit

$5.21B

FCFF

$5.93B

98
AMUN.PA
Amundi S.A.

Listed FR, based FR · Financial Services · Asset Management

Market Cap

$20.07B

Avg Intrinsic

$11.75B

Intrinsic / Market

0.59

Margin of Safety

-70.9%

WACC

11.4%

FY End

2025-12-31

EPV

$11.40B

Profit

$12.92B

FCFF

$10.91B

Listed FR, based FR · Consumer Defensive · Beverages - Wineries & Distilleries

Market Cap

$3.08B

Avg Intrinsic

$1.74B

Intrinsic / Market

0.56

Margin of Safety

-77.0%

WACC

7.6%

FY End

2026-03-31

EPV

$1.57B

Profit

$1.44B

FCFF

$2.21B book

Listed FR · Consumer Cyclical · Resorts & Casinos

Market Cap

$4.01B

Avg Intrinsic

$2.19B

Intrinsic / Market

0.55

Margin of Safety

-82.9%

WACC

5.4%

FY End

2026-03-31

EPV

$2.09B

Profit

$2.57B

FCFF

$1.92B book

How to read this page

What Intrinsic Value means

The plain average of three values. Nothing is capped, so it can reach many times the Market Cap.

EPV + Growth

earnings power value plus growth value, less net debt.

Profit

15 years of profit paid to shareholders, plus the book value and the profit kept by then.

FCFF

15 years of free cash flow, plus the capital invested by then, less net debt.

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

See how this ranking did on past years

The backtest picks the Top N the same way on an older fiscal year and measures what happened to them.

Open the backtest