The analysis of European values for 2026 is increasingly based on quantitative and qualitative filters. Among the most used are price below its fundamental value, a high percentage of positive recommendations and a business structure capable of absorbing adverse economic cycles. Depending on these parameters, four recurring names appear in market reports.
A market context that requires precision
European stock markets have racked up significant gains and many indexes reflect adjusted multiples. In this environment, selection stops focusing on rapid growth and focuses on earnings visibility, balance sheet strength and the ability to generate cash. It is not a question of anticipating short-term movements, but rather of evaluating medium and long-term scenarios.
Companies that meet these criteria generally share two characteristics: consolidated business models and a valuation that does not yet capture their full potential. It is from there that the four actions that focus attention are understood.
AXA and the stability of the insurance profession
is one of the largest insurers in the world, present in more than 50 countries. Its activity is based on lines with structural demand, such as life, health and automobile insurance, which provide it with long-term stability.
Dividends and financial strength
The company maintains a strong shareholder remuneration policy, with a high dividend yield within the sector. The market particularly values its solvency and its ability to increase payments without compromising the balance sheet.
Estimates call for moderate but steady earnings per share growth through 2026, while its price is at a significant discount to its fundamental valuation, a key factor for analysts.
TotalEnergies and the progressive energy transition
:contentReference(oaicite:2){index=2} combines its historic oil and gas activity with a strategy of diversification towards less carbon-intensive energies. This duality explains a good part of the interest in the market.
Efficiency and diversification
The company stands out for its reduced production costs in exploration and a global presence that cushions the volatility of energy prices. At the same time, it invests in liquefied natural gas, electricity and renewables projects.
The dividend is one of its main attractions, with a history of more than four decades without a cut. By 2026, the consensus considers that its current valuation does not fully reflect this combination of profitability and orderly transition.
Deutsche Telekom and the weight of the United States
:contentReference(oaicite:3){index=3} has established itself as one of the largest European telecommunications groups, with a strategy focused on key infrastructure such as fiber and 5G.
Technology and foreign growth
One of the differentiating factors is its exposure to the American market through its subsidiary, which offers a more dynamic growth profile than that of other European telecommunications companies. Added to this is the development of digital services, the cloud and artificial intelligence.
Forecasts for 2026 envisage solid growth in earnings per share, supported by a clearly favorable market consensus and a share price that continues to rise according to valuation models.
Infineon and structural demand for chips
It is one of Europe’s leading semiconductor manufacturers and plays an important role in structural growth sectors.
Automotive, energy and artificial intelligence
The company is well positioned in microcontrollers for automobiles, transportation electrification and energy management for data centers. These areas concentrate long-term investments linked to digitalization and energy efficiency.
Although its discount to fundamental value is smaller than in other cases, analyst consensus places its price target above current levels, supported by demand visibility through 2026.
Four different profiles with one thing in common
AXA, TotalEnergies, Deutsche Telekom and Infineon represent different sectors, but they share one key element: the market recognizes their strength and yet they have not exhausted their potential according to valuation measures. This combination explains why they appear recurrently in the selection filters for years to come.
By 2026, these four European values concentrate a good part of institutional interest for a reason that goes beyond the current price: the ability to sustain results and adapt to a changing economic environment.
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