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French global advertising and marketing communications holding company.
French global advertising and marketing communications holding company.
Is paid fees and commissions by advertisers to plan and buy media and create campaigns, plus fees for data and technology work through Epsilon, bought in 2019, and Publicis Sapient, bought in 2015. The Badinter family, descendants of founder Marcel Bleustein-Blanchet, is the largest shareholder.
Moat: narrow (scale, brand, data). Data-driven media/creative platform (via Epsilon) provides scale versus rival ad holding companies.
Headquarters: Paris, France · Founded: 1926 · Employees: 114,079
Size Publicis Groupe (PUB.PA) is a France Communication Services company (Advertising/Marketing Services) with a market value of $29.0B, the 25th largest of 206 France companies the cockpit tracks. Shares closed at €102.95 on 6 Nov 2026.
Performance Over six months the shares gained 32.6%, against +0.5% for the median peer and -0.4% for the France market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 4.7% over the last twelve months (peer median +5.3%); the operating margin is 14.8% (peer median 4.3%).
Valuation It trades at 13.0× forward earnings against a peer median of 20.9× (5th cheapest of 16).
Price implies For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -9 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.3 points above its cost of capital (8.7% WACC).
Credit Publicis Groupe has 2 bonds outstanding ($1.39B), rated BBB+ by the agencies and trading like A at a weighted spread of 77 bp.
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €17.6B | €17.4B | €16.0B | €14.8B | €14.2B |
| Revenue growth | — | +9% | +8% | +4% | — |
| Gross profit | €2.62B | €2.59B | €2.42B | €2.21B | €2.06B |
| EBITDA | €3.36B | €3.32B | €3.15B | €2.96B | €2.88B |
| Net income | €1.62B | €1.65B | €1.66B | €1.31B | €1.22B |
| Free cash flow | €2.48B | €2.72B | €2.13B | €1.96B | €2.20B |
| Capital expenditure | €226M | €250M | €238M | €180M | €198M |
| Total debt | n/a | €5.66B | €5.17B | €5.54B | €6.17B |
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 |
|---|---|---|---|---|---|---|
| Publicis Groupe PUB.PA | $29.0B | +33% | +5% | 15% | 13.0× | 1.1% |
| WPP WPP.L | $5.93B | +58% | -6% | 9% | 7.8× | -8.1% |
| Omnicom OMC | $23.6B | +13% | +54% | 15% | 7.9× | -6.9% |
| IPD IPG.AX | $372M | -18% | +17% | 11% | 15.9× | 5.6% |
| Dentsu 4324.T | $6.37B | +30% | +4% | 10% | 12.8× | -12.0% |
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 | PUB.PA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.1% | +8.7% | 10th lowest of 21 |
| 6-month return | +32.6% | +0.5% | 4th highest of 21 |
| Distance from 52-week high | -2.9% | -33.9% | 2nd highest of 21 |
| Revenue growth (TTM) | +4.7% | +5.3% | 11th highest of 21 |
| Operating margin | 14.8% | 4.3% | 2nd highest of 21 |
| Forward P/E | 13.0× | 20.9× | 5th cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | 1.1% | 11.6% | 7th least demanding of 17 |
| Growth delivered (Del g) | +10.0% | +9.0% | 8th highest of 17 |
| Hurdle (Req g minus delivered) | -8.9 pp | -5.9 pp | 8th least demanding of 17 |
| ROIC minus cost of capital | +5.3 pp | -1.7 pp | 6th highest of 21 |
| EV / EBITDA | 8.7× | 6.7× | 3rd most expensive of 11 |
| Net debt / EBITDA | 1.0× | 0.4× | 5th most indebted of 12 |
| Bond spread | 77 bp | 110 bp | tightest of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Publicis Groupe PUB.PA | France | $29.0B | +33% | +5% | 15% | 13.0× | 1.1% | +10.0% |
| Omnicom OMC | United States | $23.6B | +13% | +54% | 15% | 7.9× | -6.9% | +5.6% |
| Kuaishou-w 1024.HK | Hong Kong | $16.0B | -39% | +11% | 11% | 14.9× | -4.4% | +18.6% |
| REA REA.AX | Australia | $15.9B | +2% | +4% | 48% | 31.3× | 19.3% | +14.5% |
| BlueFocus Intelligent Communications 300058.SZ | China | $6.98B | -24% | +6% | 0% | 123.3× | 58.3% | +11.1% |
| JCDecaux DEC.PA | France | $6.40B | +42% | +1% | 12% | 18.6× | 6.6% | +11.8% |
| Dentsu 4324.T | Japan | $6.37B | +30% | +4% | 10% | 12.8× | -12.0% | +8.8% |
| Compagnie du Cambodge CBDG.PA | France | $6.33B | -11% | +45% | -11% | n/a | 55.9% | +269.1% |
| WPP WPP.L | United Kingdom | $5.93B | +58% | -6% | 9% | 7.8× | -8.1% | +2.5% |
| Pattern PTRN | United States | $3.24B | +15% | +44% | 1% | 24.0× | 37.8% | +36.2% |
| Easy Click Worldwide Network Technology 301171.SZ | China | $3.20B | +3% | +29% | 2% | 99.2× | 57.4% | +9.1% |
| Hakuhodo Dy 2433.T | Japan | $3.05B | +34% | -6% | 5% | 20.9× | -2.8% | +3.8% |
| Stroeer SE & Co. KGaA SAX.DE | Germany | $2.41B | -1% | +3% | 11% | 13.3× | 4.5% | +7.5% |
| Havas HAVAS.AS | Netherlands | $1.99B | +10% | +1% | 9% | 8.2× | -8.4% | +1.8% |
| Guangdong Guangzhou Daily Media 002181.SZ | China | $1.96B | -32% | 0% | -6% | n/a | n/a | n/a |
| Guangdong Advertising 002400.SZ | China | $1.72B | -27% | +11% | 0% | n/a | n/a | n/a |
| Marketingforce Management 2556.HK | Hong Kong | $1.53B | +10% | +128% | 6% | 24.2× | 16.6% | +38.8% |
| Hunan TV & Broadcast Intermediary 000917.SZ | China | $1.43B | -23% | -2% | 3% | n/a | 17.1% | -6.1% |
| Sharplink SBET | United States | $1.36B | -16% | +1,497% | -19% | 80.5× | n/a | n/a |
| New Guomai Digital Culture 600640.SS | China | $1.35B | -8% | -11% | -2% | n/a | 57.0% | -16.4% |
| InMyShow Digital Technology (Group) 600556.SS | China | $1.33B | -17% | +25% | -2% | 492.0× | n/a | n/a |
Publicis Groupe has 2 bonds outstanding with $1.39B face value. The agencies rate it BBB+; its bonds trade like A. Weighted yield 4.13%, a spread of 77 bp over government bonds.