Narrative Update • Jul 22
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Italian (Borsa Italiana) Market Analysis & Valuation
UpdatedJul 25, 2026
DataAggregated Company Financials
Companies386
- 7D0.2%
- 3M8.1%
- 1Y22.4%
- YTD11.4%
Over the last 7 days, the market has remained flat, although notably the Energy sector gained 5.2% in that time. Meanwhile, the market is actually up 22% over the past year. As for the next few years, earnings are expected to grow by 11% per annum.
Market Valuation and Performance
Has the Italian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 25 Jul 2026 | €1.2t | €818.7b | €43.0b | 18.3x | 27.2x | 1.4x |
| Mon, 22 Jun 2026 | €1.2t | €817.5b | €43.3b | 16.5x | 27x | 1.4x |
| Wed, 20 May 2026 | €1.1t | €817.7b | €43.5b | 17.4x | 24.9x | 1.3x |
| Fri, 17 Apr 2026 | €1.1t | €808.8b | €42.7b | 16x | 25.6x | 1.4x |
| Sun, 15 Mar 2026 | €1.0t | €808.4b | €44.8b | 16x | 22.8x | 1.3x |
| Tue, 10 Feb 2026 | €1.1t | €800.4b | €66.1b | 17.5x | 16.5x | 1.4x |
| Thu, 08 Jan 2026 | €1.1t | €800.9b | €65.4b | 17x | 16.2x | 1.3x |
| Sat, 06 Dec 2025 | €1.0t | €801.0b | €65.5b | 16.4x | 15.5x | 1.3x |
| Mon, 03 Nov 2025 | €1.0t | €800.0b | €65.1b | 17x | 15.6x | 1.3x |
| Wed, 01 Oct 2025 | €995.0b | €799.6b | €64.2b | 17.5x | 15.5x | 1.2x |
| Fri, 29 Aug 2025 | €981.3b | €798.8b | €64.0b | 17.8x | 15.3x | 1.2x |
| Sun, 27 Jul 2025 | €943.4b | €803.8b | €72.4b | 17.1x | 13x | 1.2x |
| Tue, 24 Jun 2025 | €895.9b | €823.2b | €71.7b | 15.8x | 12.5x | 1.1x |
| Thu, 22 May 2025 | €933.9b | €822.0b | €71.8b | 15.6x | 13x | 1.1x |
| Sat, 19 Apr 2025 | €836.5b | €813.4b | €71.0b | 14.2x | 11.8x | 1x |
| Mon, 17 Mar 2025 | €893.7b | €814.1b | €71.2b | 14.2x | 12.6x | 1.1x |
| Wed, 12 Feb 2025 | €791.7b | €834.2b | €74.9b | 14x | 10.6x | 0.9x |
| Fri, 10 Jan 2025 | €750.3b | €821.4b | €75.4b | 14.2x | 10x | 0.9x |
| Sun, 08 Dec 2024 | €735.9b | €832.4b | €75.9b | 13.9x | 9.7x | 0.9x |
| Tue, 05 Nov 2024 | €727.2b | €836.8b | €74.4b | 13.8x | 9.8x | 0.9x |
| Thu, 03 Oct 2024 | €722.5b | €836.4b | €75.2b | 14.1x | 9.6x | 0.9x |
| Sat, 31 Aug 2024 | €733.8b | €848.2b | €75.5b | 14.1x | 9.7x | 0.9x |
| Mon, 29 Jul 2024 | €747.4b | €843.6b | €75.6b | 14.3x | 9.9x | 0.9x |
| Wed, 26 Jun 2024 | €751.5b | €868.7b | €79.8b | 14.1x | 9.4x | 0.9x |
| Fri, 24 May 2024 | €773.8b | €871.1b | €79.7b | 14.8x | 9.7x | 0.9x |
| Sun, 21 Apr 2024 | €766.7b | €884.3b | €79.1b | 14.3x | 9.7x | 0.9x |
| Tue, 19 Mar 2024 | €771.5b | €893.6b | €79.4b | 14x | 9.7x | 0.9x |
| Thu, 15 Feb 2024 | €683.6b | €922.4b | €80.3b | 14x | 8.5x | 0.7x |
| Sat, 13 Jan 2024 | €677.7b | €921.6b | €77.4b | 14.9x | 8.8x | 0.7x |
| Mon, 11 Dec 2023 | €665.5b | €923.5b | €77.3b | 14.3x | 8.6x | 0.7x |
| Wed, 08 Nov 2023 | €630.1b | €949.2b | €72.1b | 13.7x | 8.7x | 0.7x |
| Fri, 06 Oct 2023 | €609.6b | €966.5b | €74.1b | 14x | 8.2x | 0.6x |
| Sun, 03 Sep 2023 | €642.6b | €962.6b | €73.7b | 15.8x | 8.7x | 0.7x |
| Tue, 01 Aug 2023 | €655.8b | €941.9b | €70.7b | 15.7x | 9.3x | 0.7x |
Price to Earnings Ratio
9.3x
Current Market PE
- Investors are optimistic on the Italian market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 27.2x which is higher than its 3-year average PE of 13.1x.
Past Earnings Growth
- The earnings for companies in the Italian industry have declined 15% per year over the last three years.
- Revenues have also declined 4.6% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Sector Trends
Which sectors have driven the changes within the Italian Market?
| IT Market | 0.24% | |
| Energy | 5.16% | |
| Financials | 1.02% | |
| Industrials | 1.01% | |
| Tech | 0.99% | |
| Real Estate | -0.68% | |
| Utilities | -1.11% | |
| Healthcare | -1.15% | |
| Consumer Staples | -2.57% | |
| Materials | -2.65% | |
| Consumer Discretionary | -3.36% | |
| Telecom | -4.27% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 39.0x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 38.3%, which is higher than its past year's earnings growth of 15.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 38% over the next 5 years.
- This is better than its past earnings growth rate of 15% per year.
- In contrast, the Materials sector is expected to see its earnings grow by 6.3% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| ENI Eni | €22.96 | 6.1% +€3.9b | 56.6% | PE24.7x | Energy | |
| RACE Ferrari | €318.15 | -3.3% €3.4b | -27.8% | PE38.3x | Consumer Discretionary | |
| ISP Intesa Sanpaolo | €6.44 | 2.5% +€2.3b | 27.3% | PB1.6x | Financials | |
| BMPS Banca Monte dei Paschi di Siena | €11.62 | 4.1% +€1.4b | 61.8% | PB1.2x | Financials | |
| G Assicurazioni Generali | €42.90 | 1.6% +€987.3m | 33.4% | PE15.5x | Financials |
