Loading…
French manufacturer of electrical and digital building infrastructure: wiring devices, cable management and data center power products.
French manufacturer of electrical and digital building infrastructure: wiring devices, cable management and data center power products.
Sells switches, sockets, cable trays and power equipment mainly through electrical wholesalers to installers, who specify the brand they know, so a loyal installer base matters more than end users. Frequent small acquisitions add products and regions, and data-center power products have become a bigger part of the mix.
Moat: narrow (brand, distribution, scale). Broad, specified product catalog and electrician-channel relationships across many countries.
Headquarters: Limoges, France · Founded: 1904
Size Legrand (LR.PA) is a France Information Technology company (Electronic Equipment/Instruments) with a market value of $38.0B, the 23rd largest of 206 France companies the cockpit tracks. Shares closed at €129.65 on 6 Nov 2026.
Performance Over six months the shares fell 16.2%, against -20.6% for the median peer and -0.4% for the France market (cap-weighted) — 8th highest of 16 in its peer set.
Growth Revenue grew 9.7% over the last twelve months (peer median +24.8%); the operating margin is 21.0% (peer median 24.4%).
Valuation It trades at 22.0× forward earnings against a peer median of 26.2× (6th cheapest of 17).
Price implies For today's price to make sense, revenue must grow about 16% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is +6 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 1.6 points above its cost of capital (10.2% WACC).
Credit Legrand has 9 bonds outstanding ($5.71B), rated A- by the agencies and trading like AA+ at a weighted spread of 70 bp.
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €10.1B | €9.48B | €8.65B | €8.42B | €8.34B |
| Revenue growth | — | +10% | +3% | +1% | — |
| Gross profit | €5.07B | €4.82B | €4.47B | €4.40B | €4.15B |
| EBITDA | €2.56B | €2.43B | €2.24B | €2.26B | €2.17B |
| Net income | €1.31B | €1.24B | €1.17B | €1.15B | €1,000M |
| Free cash flow | €1.34B | €1.36B | €1.31B | €1.61B | €1.06B |
| Capital expenditure | €255M | €249M | €240M | €253M | €206M |
| Total debt | €7.72B | €6.60B | €5.09B | €4.82B | €4.67B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Legrand LR.PA | $38.0B | -16% | +10% | 21% | 22.0× | 15.6% |
| Schneider Electric SU.PA | $151B | -16% | +7% | 18% | 22.2× | 18.0% |
| ABB ABBN.SW | $147B | -17% | +1% | 18% | 24.5× | 4.3% |
| Eaton ETN | $133B | -15% | +20% | 19% | 21.4× | 19.1% |
| Hubbell HUBB | $22.7B | -13% | +16% | 21% | 19.1× | 10.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | LR.PA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.0% | -16.7% | 6th highest of 17 |
| 6-month return | -16.2% | -20.6% | 8th highest of 16 |
| Distance from 52-week high | -22.3% | -38.5% | 4th highest of 17 |
| Revenue growth (TTM) | +9.7% | +24.8% | 5th lowest of 16 |
| Operating margin | 21.0% | 24.4% | 7th lowest of 16 |
| Forward P/E | 22.0× | 26.2× | 6th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | 15.6% | 21.7% | 4th least demanding of 14 |
| Growth delivered (Del g) | +9.2% | +16.8% | 5th lowest of 14 |
| Hurdle (Req g minus delivered) | +6.4 pp | +4.3 pp | 6th most demanding of 14 |
| ROIC minus cost of capital | +1.6 pp | +3.7 pp | 6th lowest of 16 |
| EV / EBITDA | 15.5× | 23.3× | cheapest of 8 |
| Net debt / EBITDA | 2.2× | -0.4× | most indebted of 8 |
| Bond spread | 70 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Legrand LR.PA | France | $38.0B | -16% | +10% | 21% | 22.0× | 15.6% | +9.2% |
| Keysight Technologies KEYS | United States | $46.3B | -24% | +26% | 24% | 20.3× | 20.9% | +5.0% |
| Hexagon HEXA-B.ST | Sweden | $29.4B | +14% | -20% | -14% | 30.0× | 9.1% | +8.7% |
| AVIC Chengdu Aircraft 302132.SZ | China | $28.0B | +4% | +3% | 5% | 49.6× | n/a | n/a |
| BOE Technology 000725.SZ | China | $25.3B | +9% | -4% | 2% | 21.4× | -3.9% | +8.6% |
| Qnity Electronics Q | United States | $24.5B | -21% | +18% | 23% | 20.2× | 22.1% | 0.0% |
| Hon Precision 7769.TW | Taiwan | $20.0B | -34% | +257% | 48% | 21.3× | 28.2% | +31.0% |
| Lasertec 6920.T | Japan | $18.2B | -25% | -19% | 44% | 28.7× | 28.9% | +26.8% |
| Hangzhou Changchuan Technology 300604.SZ | China | $17.3B | +4% | +53% | 27% | 46.1× | 43.8% | +45.8% |
| Semight Instruments 688808.SS | China | $17.0B | n/a | n/a | n/a | 51.5× | n/a | n/a |
| Halma HLMA.L | United Kingdom | $17.0B | -25% | +15% | 20% | 25.0× | 21.7% | +14.4% |
| Chroma Ate 2360.TW | Taiwan | $15.4B | -46% | +101% | 39% | 18.5× | 19.3% | +12.8% |
| Skyverse Technology 688361.SS | China | $13.8B | +33% | +39% | -12% | 563.2× | n/a | n/a |
| Keyence 6861.T | Japan | $107B | -2% | +25% | 54% | 28.7× | 21.1% | +16.8% |
| Sieyuan Electric 002028.SZ | China | $13.4B | -42% | +35% | 16% | 23.1× | 11.1% | +23.9% |
| Advantest 6857.T | Japan | $124B | -1% | +48% | 50% | 27.5× | 36.4% | +29.3% |
| NVMI NVMI | United States | $9.96B | -40% | +16% | 29% | 25.0× | 32.8% | +26.7% |
Legrand has 9 bonds outstanding with $5.71B face value. The agencies rate it A-; its bonds trade like AA+. Weighted yield 3.86%, a spread of 70 bp over government bonds.