olivLaw · European equity research
L'Oréal OR.PA
France · Euronext Paris · ISIN FR0000120321 · Vertical: Listed companies from France
L'Oréal is the world's largest cosmetics group, active in beauty, skincare, fragrances and professional products, with a long-term investment and sustainability programme that shapes its strategy. In 2025 the group invested 1 495 million euros, equal to 3.4 % of revenue, a stable level that supports innovation and digitalisation.
At the close of 05 Nov 2026, L'Oréal (OR.PA) stock was 455.60 EUR (+2.44% on the day), with market capitalisation 243.2 bn EUR, P/E 39.8 on diluted EPS of 11.44 EUR over the last 12 months, dividend yield 1.54%, beta 0.69, 52-week range 344.90–455.60 EUR.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 77.1
- overbought (≥ 70)
- Bollinger (20, 2)
- 375.14 – 459.19
- in the upper half of the band · %B 0.96 · band width 20.1%
- SMA 50 / 200
- 395.24 / 380.00
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 15.46 / 12.62
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | +21.9% | −0.6% | +22.6 pp | — |
| 3 months | +16.7% | −4.2% | +20.9 pp | — |
| 6 months | +24.1% | +4.3% | +19.8 pp | — |
| Year to date | +24.3% | +7.5% | +16.8 pp | — |
| 1 year | +25.7% | +9.9% | +15.8 pp | −6.8% |
| 3 years | +13.0% | +49.8% | −36.8 pp | −15.9% |
| 5 years | +10.4% | +42.8% | −32.5 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 100 percentile of its own 4-quarter history (min 28.6, median 31.7, max 39.1; quarters with earnings only).
Fiscal years
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | 38.3 bn | 41.2 bn | 43.5 bn | 44.1 bn |
| Revenue YoY | unavailable | +7.6% | +5.6% | +1.3% |
| Net income | 5.7 bn | 6.2 bn | 6.4 bn | 6.1 bn |
| Net income YoY | unavailable | +8.4% | +3.6% | −4.4% |
| Diluted EPS | 10.61 | 11.52 | 11.95 | 11.44 |
| Diluted EPS YoY | unavailable | +8.6% | +3.7% | −4.3% |
| net % | 14.9% | 15.0% | 14.7% | 13.9% |
| Free cash flow | unavailable | unavailable | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 9.9 bn EUR
- Financial debt
- 8.1 bn EUR
- Net debt
- -1.8 bn EUR
- Equity
- 35.0 bn EUR
- Total assets
- 61.8 bn EUR
- Debt / equity
- 0.23x
- Current ratio
- 1.44x
- ROE
- 18.0%
- ROA
- 10.4%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Revenue | 38.3 bn | 41.2 bn | 43.5 bn | 44.1 bn | esef· 24 Mar 2026verified |
| Cost of revenue | 10.6 bn | 10.8 bn | 11.2 bn | 11.3 bn | esef· 24 Mar 2026verified |
| Gross profit | 27.7 bn | 30.4 bn | 32.3 bn | 32.7 bn | esef· 24 Mar 2026verified |
| Research & development | 1.1 bn | 1.3 bn | 1.4 bn | 1.4 bn | esef· 24 Mar 2026verified |
| Operating income | 7.2 bn | 7.7 bn | 8.2 bn | 8.4 bn | esef· 24 Mar 2026verified |
| Income tax | 1.9 bn | 1.8 bn | 2.0 bn | 2.4 bn | esef· 24 Mar 2026verified |
| Net income | 5.7 bn | 6.2 bn | 6.4 bn | 6.1 bn | esef· 24 Mar 2026verified |
| Diluted EPS | 10.61 | 11.52 | 11.95 | 11.44 | esef· 24 Mar 2026verified |
| Dividend per share | 5.02 | 6.40 | 6.60 | 7.00 | esef· 24 Mar 2026verified |
Balance sheet · EUR
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Cash | 2.6 bn | 4.3 bn | 4.1 bn | 9.9 bn | esef· 24 Mar 2026verified |
| Inventories | 4.1 bn | 4.5 bn | 4.6 bn | 4.5 bn | esef· 24 Mar 2026verified |
| Current assets | 14.0 bn | 16.3 bn | 16.5 bn | 22.2 bn | esef· 24 Mar 2026verified |
| Property, plant & equipment, net | 3.5 bn | 3.9 bn | 4.2 bn | 4.2 bn | esef· 24 Mar 2026verified |
| Goodwill | 11.7 bn | 13.1 bn | 13.4 bn | 14.5 bn | esef· 24 Mar 2026verified |
| Intangibles (excl. goodwill) | 3.6 bn | 4.3 bn | 4.6 bn | 5.1 bn | esef· 24 Mar 2026verified |
| Total assets | 46.8 bn | 51.9 bn | 56.4 bn | 61.8 bn | esef· 24 Mar 2026verified |
| Long-term debt | 3.0 bn | 4.7 bn | 5.2 bn | 8.1 bn | esef· 24 Mar 2026verified |
| Current liabilities | 13.7 bn | 14.9 bn | 14.6 bn | 15.4 bn | esef· 24 Mar 2026verified |
| Equity | 27.2 bn | 29.1 bn | 33.1 bn | 35.0 bn | esef· 24 Mar 2026verified |
| Shares outstanding at year end | 535.8 m | 535.4 m | 534.5 m | 533.7 m | esef· 24 Mar 2026derived |
Cash flow · EUR
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Operating cash flow | 6.3 bn | 7.6 bn | 8.3 bn | 8.7 bn | esef· 24 Mar 2026verified |
| Investing cash flow | -2.2 bn | -4.1 bn | -3.7 bn | -1.4 bn | esef· 24 Mar 2026verified |
| Financing cash flow | -4.1 bn | -1.6 bn | -4.8 bn | -1.4 bn | esef· 24 Mar 2026verified |
| Dividends paid | 2.7 bn | 3.4 bn | 3.6 bn | 3.9 bn | esef· 24 Mar 2026verified |
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 54.2% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 243.2 bn EUR
Key indicators
Coverage and freshness
Score by group
54% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 95.20 – 340.92 EUR.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (EUR per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/E126.89 – 340.92 (Mid 195.97)20 companies used · median multiple 17.1x · quartiles 11.1x – 29.8x74SW.PA, ABEO.PA, AC.PA, ADP.PA, AF.PA, AI.PA, ALBON.PA, ALCIS.PA, ALCLA.PA, ALFER.PA, ALHEX.PA, ALO.PA, ALPWG.PA, ALSOG.PA, ANTIN.PA, ARAMI.PA, ATE.PA, AUB.PA, AURE.PA, BB.PA
- Dividend discount (DDM)95.20 – 129.82 (Mid 109.85)
Assumptions (illustrative, editorial)
- Risk-free rate
- 3.0%
- Equity risk premium
- 5.5%
- Beta (default)
- 1.00
- Cost of equity
- 8.5%
- Terminal growth
- 2.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 54.2% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 20.9% | 81 (vs peers) | 19% |
| Net margin · Quality | 13.9% | 95 (vs peers) | 12% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | 4.8% | 40 (on a fixed band) | 15% |
| EPS CAGR 3Y · Growth | 2.5% | 17 (on a fixed band) | 15% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.4x | 54 (on a fixed band) | 8% |
| P/E (TTM) · Valuation | 39.8x | 17 (vs peers) | 19% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | 1.6% | 23 (on a fixed band) | 12% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial54/100 · 1/3 factors with a value
- Growth29/100 · 2/2 factors with a value
- Quality86/100 · 2/3 factors with a value
- Returns· partial23/100 · 1/2 factors with a value
- Valuation· partial17/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
L'OREAL (OR.PA). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 44.1 bn EUR in 2025; YoY growth 1.3%; net margin 13.9%; ROE 18.0%.
The estimated value range is 111.04–235.37 EUR per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 152.91 EUR, the price of 455.60 EUR leaves a potential of -66.4% (value / price − 1) and a margin of safety of -198.0% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 54.2% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 20.9%
- Net margin: 13.9%
What contradicts it
- EPS CAGR 3Y: 2.5%
- P/E (TTM): 39.8x
- Shareholder yield (distributions): 1.6%
- The price is above the estimated value range
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): FCF conversion, Net debt / EBITDA, Interest coverage, EV/EBITDA, FCF yield, Payout ratio (FCF).
Versus the vertical median
Listed companies from France · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| OR.PAL'oreal | 243.2 bn | 39.8 | 18.0% | 13.9% | +1.3% | +21% / +6% |
| AI.PAL'air Liquide Societe Anonyme Pour L'etude Et L'exploitation Des Procedes Georges Claude | 109.3 bn | 33.2 | 12.9% | 12.2% | −2.0% | +26% / +32% |
| AC.PAAccor | 13.8 bn | 30.7 | 9.6% | 8.0% | +0.6% | +6% / +56% |
| ADP.PAAeroports De Paris | 11.7 bn | 34.1 | 7.8% | 5.6% | +12.1% | −7% / +4% |
| AKE.PAArkema | 7.1 bn | 115.4 | 0.9% | 0.7% | −5.0% | +12% / −37% |
| ALO.PAAlstom | 5.8 bn | 18.3 | 3.1% | 1.7% | +3.7% | −51% / −4% |
| AF.PAAir France - Klm | 4.3 bn | 13.6 | — | 1.0% | +4.8% | +20% / +9% |
| ATE.PAAlten | 3.1 bn | 29.5 | 4.8% | 2.6% | −1.1% | +33% / −29% |
| BB.PASociete Bic | 2.7 bn | 31.3 | 5.0% | 4.1% | −4.8% | +32% / +5% |
| ANTIN.PAAntin Infrastructure Partners | 1.4 bn | 13.0 | 21.9% | 36.6% | −8.1% | −24% / −35% |
| 74SW.PA74software | 792.7 m | 20.9 | 8.9% | 8.5% | +44.8% | −13% / +41% |
| AUB.PAAubay | 667.4 m | 17.8 | 13.6% | 6.3% | +11.3% | +3% / +45% |
| ASY.PAAssystem | 507.1 m | 69.9 | 2.5% | 1.1% | +7.4% | −19% / −18% |
| ATO.PAAtos Se | 483.0 m | — | -23,400.0% | -17.5% | −16.5% | −45% / −94% |
| ARAMI.PAAramis Group | 298.8 m | 15.0 | 10.0% | 0.8% | +6.3% | −33% / −16% |
| ARVEN.PAArverne Group | 246.1 m | — | -14.0% | -115.3% | +27.0% | +20% / −35% |
| BGO.PACompagnie Chargeurs Invest | 189.4 m | — | -8.6% | -5.7% | −2.9% | unavailable / unavailable |
| ALCIS.PACatering International & Services | 145.0 m | 28.4 | 9.3% | 1.9% | +5.8% | +39% / +107% |
| ALCGM.PACegedim | 144.6 m | — | -2.6% | -1.2% | +10.9% | −26% / −49% |
| ATEME.PAAteme | 144.0 m | 151.3 | 2.8% | 1.0% | +2.2% | +82% / +77% |
| ALHEX.PAHexaom | 144.0 m | 6.7 | 9.9% | 2.2% | +13.1% | −32% / +7% |
| ALBON.PACompagnie Lebon | 111.7 m | 16.5 | 4.2% | 8.8% | −17.9% | +6% / +8% |
| ALHYF.PALhyfe | 75.8 m | — | -33.4% | -570.5% | +287.2% | unavailable / unavailable |
| ALFER.PASergeferrari Group | 61.5 m | 11.5 | 5.1% | 1.5% | +7.4% | −33% / −27% |
| ABEO.PAAbeo | 60.8 m | 7.3 | 6.9% | 3.0% | +12.6% | −13% / −54% |
1- and 3-year price returns: for OR.PA from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (EUR)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 271.09 Total return -39% · Per year -39% | 479.19 Total return 7% · Per year 7% | 721.69 Total return 60% · Per year 60% |
| 3 years | 264.74 Total return -38% · Per year -15% | 526.40 Total return 21% · Per year 6% | 870.24 Total return 97% · Per year 25% |
| 5 years | 258.54 Total return -37% · Per year -9% | 578.26 Total return 36% · Per year 6% | 1,049.36 Total return 142% · Per year 19% |
- Exit P/E± 131.60
- Net margin± 92.12
- Annual revenue growth± 75.39
- Annual dilution± 7.74
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
L'Oréal is the world's largest cosmetics group, active in beauty, skincare, fragrances and professional products, with a long-term investment and sustainability programme that shapes its strategy. In 2025 the group invested 1 495 million euros, equal to 3.4 % of revenue, a stable level that supports innovation and digitalisation.
SWOT
Strengths
- The group has a diverse portfolio of brands and sustained investment capacity in research, industry and marketing. Its governance structure and sustainability programmes reinforce the company's credibility.
- Traceability certifications for raw materials and packaging offer a compliance advantage as regulations tighten.
- Global presence and the international experience of management allow rapid adaptation to different markets.
Weaknesses
- The high share of marketing investment means results depend on campaign effectiveness and brand awareness.
- The shareholder structure, with significant stakes held by the founding family and a strategic shareholder, may limit flexibility in certain decisions.
- Sustainability targets require additional costs and resources, which could weigh on margins in the short term.
Opportunities
- Growth in the global beauty market in emerging regions could open new revenue sources for the group.
- Innovation in water-saving formulas and natural ingredients can meet consumer and regulatory demands.
- Digitalisation and online commerce can extend consumer reach beyond physical distribution alone.
Threats
- Macroeconomic uncertainty could reduce consumer spending on beauty and luxury products.
- Competition from smaller brands and private-label retailers could erode market share in some categories.
- Stricter environmental rules could raise production and packaging costs if they cannot be passed on to customers.
Risks
- Shareholder concentrationmedium
Significant stakes held by the founding family and a strategic shareholder could influence major decisions, while minority investors have limited influence over strategy.
- Macroeconomic uncertaintyhigh
A decline in consumption in key markets could affect sales and margins, especially in premium segments.
- Competitive pressuremedium
Smaller brands and private-label retailers may gain market share, forcing the group to increase marketing investment.
- Sustainability costsmedium
Meeting targets on climate, water and packaging may require additional investment that reduces short-term financial flexibility.
- Complex supply chainlow
Dependence on suppliers for certified raw materials could cause disruptions or unplanned costs if they fail to meet standards.
Investment thesis
What would need to be true (bull case)
- If the group sustains its investment in innovation and outperforms the market, organic growth could remain solid over the long term.
- Progress in sustainability and traceability could become a competitive advantage if regulations extend globally.
- Diversification across categories and regions could reduce dependence on a single market during periods of uncertainty.
What would break the thesis
- If demand for premium products falls for a sustained period, margins could come under pressure from heavy marketing spending.
- Aggressive competition from smaller brands could limit share gains in mass-market categories.
- Compliance and sustainability costs could rise faster than revenue if price increases are difficult to implement.
What to watch
- Revenue and results trajectory against the 2026 outlookQ1 2027
- Level of marketing and IT investment relative to revenue2027
- Progress on L'Oréal pour le Futur targets, especially climate and packagingnext annual report
- Board composition and any changes in the stakes held by reference shareholders2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The group bases its strategy on the mission « Créer la beauté qui fait avancer le monde », seeking growth through scientific innovation and its portfolio of brands. The annual report describes an industrial model in which investment is split between production and distribution, marketing and point-of-sale advertising, and IT and research. Management notes it does not systematically disclose future investments for strategic and competitive reasons.
Governance separates the roles of chairman and chief executive, and the Board includes independent directors, representatives of the Bettencourt Meyers family and of Nestlé, and employee representatives. The shareholder structure, in which the Bettencourt Meyers family and Nestlé together hold significant stakes, shapes the balance of power in the company. The Board states that this separation of roles works optimally for effective governance.
The « L'Oréal pour le Futur » programme sets targets for climate, nature, circular model and communities to 2030, realigned in 2025. The company reports concrete progress, including RSPO certification of all palm oil purchased and reaching 50 % recycled or bio-based plastic in packaging. These are central to its sustainability positioning.
Segments
Industrial and marketing investment
Group investment in 2025 was split as follows: production and physical distribution about 22 % of the total, marketing investment including point-of-sale advertising and boutiques 38 %, and IT 26 % of the total. The remainder goes to research and country headquarters. The large marketing share shows the dependence on building and maintaining brand awareness.
Research and innovation
Research forms part of the group's scientific and industrial investment, aimed at production efficiency and laboratory performance. The company links innovation to its sustainability targets, such as formulas using natural ingredients and water-saving technologies. This focus supports product differentiation in competitive markets.
Sustainable sourcing and packaging
The supply chain includes strict standards for raw materials, including certifications for palm, soy and wood, and targets for recycled packaging. These requirements raise costs and operational complexity, but can strengthen market access and consumer trust.
Market context
The company operates in the global cosmetics market, a globalised and highly competitive market in which innovation and rapid adaptation to consumer preferences are essential. Management says it is optimistic about the outlook for the global beauty market in 2026 despite macroeconomic uncertainty. Group growth depends on its ability to outperform the market through its multi-division portfolio by category.
The regulatory framework and expectations on sustainability, including reporting and traceability requirements, are becoming more demanding for companies in the sector. This context may raise compliance costs, but could also favour companies that already have robust traceability systems.
Trends
- Sustainability and traceabilitymixed
Requirements on raw material traceability and packaging certification are becoming industry standard, and L'Oréal already runs mature programmes. If the rules extend further, the advantage of having verified data could become a differentiating factor.
- Digitalisation and online commercetailwind
Investment in IT is a significant part of the investment budget, and digitalising marketing and sales shapes how brands reach consumers. Integrating these tools could support growth in markets where online sales are rising.
- Macroeconomic uncertaintyheadwind
Management points to macroeconomic uncertainty that may affect consumption of luxury and beauty products in some regions. If demand in key markets weakens, short-term performance could be affected.
- Pressure on natural resourcesmixed
Restrictions on water, emissions and plastic materials can raise production costs, but may also encourage innovation in water-saving formulas and recyclable packaging. The final effect depends on the company's ability to pass these costs on to product prices.
Competitive position
L'Oréal operates in a globalised and highly competitive cosmetics sector, where competition comes both from large multinational groups and from agile independent brands. Competitive pressure shows up in innovation, marketing and presence in online channels. The group's position depends on its ability to keep a diversified portfolio across categories.
Differentiation from competitors rests on research investment, sustainability programmes and brand strength. Smaller competitors can gain share through niche products or direct-to-consumer distribution models, which requires the group to remain innovative.
- Estée LauderEL
US-based cosmetics and skincare group competing directly in the premium segment.
- CotyCOTY
US-based company active in fragrances and cosmetics, with brands in mass and luxury segments.
- Unilever
Multinational consumer goods group with significant personal care divisions, competing in mass-market segments.
- Procter & GamblePG
US-based consumer goods company with a personal care portfolio, active in the same distribution channels.
News & filings
In the press
- Oportunități și riscuri pentru giganții L'Oréal și Nestlé pe fondul popularității medicamentelor pentru slăbit - www.goldring.roSurge — Google News · 21 Oct 2026 · RO
- Unii pierd kilograme, alții numără miliarde. Ozempic le-a dat idei de afaceri giganților L'Oréal și Nestlé - Wall-Street.roSurge — Google News · 21 Oct 2026 · RO
- Magdalena Crîng, unul dintre primii angajaţi ai L'Oréal în România, pleacă din companie după 29 de aniZiarul Financiar · 08 Sept 2026 · RO
- L'Oréal România are un nou director de HR: Guillaume Pitoiset, executiv cu 15 ani de experienţă în cadrul grupului, preia conducerea departamentului de la Magdalena Crîng, unul dintre primii angajaţi ai companiei pe piaţa localăZiarul Financiar · 08 Sept 2026 · RO
- L'Oréal CEO Sees Strong Demand for Haircare ProductsBloomberg Markets · 29 Jul 2026 · EN
- VivaTech 2026: Tips from L'Oréal and PwC on personal vitality and business resilienceEuronews Next · 18 Jun 2026 · RO
Annual reports (ESEF)
- Annual report 202524 Mar 2026
- Annual report 202415 Apr 2025
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / L'Oréal · 31 Dec 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.