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Italian (Borsa Italiana) Market Analysis & Valuation

UpdatedApr 21, 2026
DataAggregated Company Financials
Companies390
  • 7D1.2%
  • 3M5.5%
  • 1Y30.0%
  • YTD4.7%

The market is up 1.2% over the last week, with the Financials sector leading the way, up 2.8%. Meanwhile, the Energy sector has underperformed, shrinking 5.3% in that time. In the last year, the market has climbed 30%. Looking forward, earnings are forecast to grow by 11% annually.

Trending IndustriesSoftwareRenewable Energy

Market Valuation and Performance

Has the Italian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026€1.1t€809.5b€42.7b16.1x25.7x1.4x
Thu, 19 Mar 2026€1.0t€808.2b€45.1b15.7x22.8x1.3x
Sat, 14 Feb 2026€1.1t€801.2b€67.4b17.5x15.7x1.3x
Mon, 12 Jan 2026€1.1t€800.9b€65.4b17.1x16.3x1.3x
Wed, 10 Dec 2025€1.0t€801.0b€65.5b16.5x15.6x1.3x
Fri, 07 Nov 2025€1.0t€800.1b€65.1b16.7x15.5x1.3x
Sun, 05 Oct 2025€1.0t€799.5b€64.2b17.4x15.8x1.3x
Tue, 02 Sep 2025€980.3b€798.8b€64.1b17.8x15.3x1.2x
Thu, 31 Jul 2025€958.2b€794.6b€64.5b16.9x14.8x1.2x
Sat, 28 Jun 2025€916.2b€823.3b€71.7b16.2x12.8x1.1x
Mon, 26 May 2025€913.8b€821.8b€71.8b15.7x12.7x1.1x
Wed, 23 Apr 2025€835.0b€813.3b€71.0b14.1x11.8x1x
Fri, 21 Mar 2025€903.2b€813.3b€71.4b14.3x12.6x1.1x
Sun, 16 Feb 2025€796.3b€834.7b€74.0b14x10.8x1x
Tue, 14 Jan 2025€740.4b€819.1b€75.4b13.9x9.8x0.9x
Thu, 12 Dec 2024€739.4b€832.4b€75.9b14.1x9.7x0.9x
Sat, 09 Nov 2024€720.1b€834.3b€75.0b13.5x9.6x0.9x
Mon, 07 Oct 2024€718.7b€836.7b€75.2b13.9x9.6x0.9x
Wed, 04 Sep 2024€721.9b€848.2b€75.5b14.1x9.6x0.9x
Fri, 02 Aug 2024€723.9b€845.3b€75.6b14x9.6x0.9x
Sun, 30 Jun 2024€738.9b€868.7b€79.8b14x9.3x0.9x
Tue, 28 May 2024€782.1b€868.8b€79.7b14.8x9.8x0.9x
Thu, 25 Apr 2024€771.2b€882.7b€77.8b14.5x9.9x0.9x
Sat, 23 Mar 2024€778.5b€894.8b€79.7b13.9x9.8x0.9x
Mon, 19 Feb 2024€691.7b€916.0b€79.7b14.1x8.7x0.8x
Wed, 17 Jan 2024€674.0b€921.7b€77.4b14.8x8.7x0.7x
Fri, 15 Dec 2023€667.7b€921.2b€77.3b14.5x8.6x0.7x
Sun, 12 Nov 2023€631.8b€1.6t€275.1b14.1x2.3x0.4x
Tue, 10 Oct 2023€613.7b€966.5b€74.1b14.2x8.3x0.6x
Thu, 07 Sep 2023€632.8b€962.7b€73.7b15.7x8.6x0.7x
Sat, 05 Aug 2023€638.4b€943.8b€70.6b16.1x9x0.7x
Mon, 03 Jul 2023€627.3b€948.0b€77.2b16.1x8.1x0.7x
Wed, 31 May 2023€603.7b€946.8b€77.2b15.7x7.8x0.6x
Fri, 28 Apr 2023€625.2b€950.9b€74.6b16.1x8.4x0.7x
Price to Earnings Ratio

8.4x


Total Market Cap: €625.2bTotal Earnings: €74.6bTotal Revenue: €950.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Italian Market Price to Earnings3Y Average 11.6x202420252026
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 25.7x which is higher than its 3-year average PE of 11.6x.
Past Earnings Growth
  • The earnings for companies in the Italian industry have declined 17% per year over the last three years.
  • Revenues have also declined 5.2% 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 Market1.20%
Tech9.16%
Consumer Discretionary4.92%
Healthcare3.95%
Financials2.79%
Real Estate2.57%
Telecom1.68%
Materials1.22%
Industrials-0.42%
Utilities-1.29%
Consumer Staples-1.30%
Energy-5.29%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 36.4x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 30.8%, which is higher than its past year's earnings growth of 4.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 31% over the next 5 years.
  • This is better than its past earnings growth rate of 4.2% per year.
  • In contrast, the Materials sector is expected to see its earnings grow by 5.8% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
BMPS Banca Monte dei Paschi di Siena€9.1313.3%
+€3.3b		39.8%PB1xFinancials
ISP Intesa Sanpaolo€5.802.5%
+€2.5b		33.1%PB1.5xFinancials
RACE Ferrari€311.954.3%
+€2.3b		-19.2%PE34.5xConsumer Discretionary
G Assicurazioni Generali€37.453.7%
+€2.0b		21.4%PE13.5xFinancials
STLAM Stellantis€7.359.8%
+€1.9b		-11.4%PS0.1xConsumer Discretionary
See more

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Latest News

ENEL
€9.73
Enel
7D
-0.9%
1Y
32.0%

Some Investors May Be Willing To Look Past Enel's (BIT:ENEL) Soft Earnings

Apr 20
Some Investors May Be Willing To Look Past Enel's (BIT:ENEL) Soft Earnings
ISP
€5.80
Intesa Sanpaolo
7D
2.5%
1Y
33.1%

ISP: 2026 Fee And Insurance Income Will Support Earnings Power

Analysts have trimmed their fair value estimate for Intesa Sanpaolo slightly, with the implied price target easing by about €0.05 as updated assumptions for discount rate, revenue growth, profit margin and future P/E are incorporated into their models, while recent Street research shows a mix of target cuts and upgrades across major banks. Analyst Commentary Recent Street research on Intesa Sanpaolo shows both upward and downward adjustments to price targets, reflecting different views on how the current valuation lines up with execution and growth expectations.
IVG
€13.99
Iveco Group
7D
-27.0%
1Y
3.9%

IVG: Battery Partnership And Defence Demerger Will Shape A Balanced Outlook

Analysts have nudged their price target for Iveco Group slightly higher to €19.90 from €19.85, reflecting updated assumptions around revenue, profit margin and future P/E that are only marginally different from prior estimates. What's in the News Iveco Group and Microvast reaffirm and expand their long running partnership, focusing on electric battery solutions that support the shift toward electrified commercial vehicle fleets across Europe (Key Developments).
RACE
€311.95
Ferrari
7D
4.3%
1Y
-19.2%

RACE: Future Dividend Stream Will Support Stronger Shareholder Returns

Analysts have made a small adjustment to their Ferrari price target, with fair value moving from about €368.86 to about €368.75. This reflects updated views on the discount rate, revenue growth, profit margin and future P/E assumptions.
STLAM
€7.35
Stellantis
7D
9.8%
1Y
-11.4%

STLAM: 2027 Earnings Reset And China EV Deals Will Shape Upside

Analyst price targets for Stellantis have been adjusted in a mixed but slightly lower range, with various firms cutting their targets by about €0.50 to €2.20 per share, citing tighter margin expectations for 2026 and a shift toward valuing the stock on later-year earnings. Analyst Commentary Recent research on Stellantis reflects a split view, with some analysts adjusting targets slightly higher and others trimming them or changing ratings as they reassess margin assumptions and the timing used in their valuation models.
TEN
€25.38
Tenaris
7D
-1.4%
1Y
74.5%

TEN: Dividend Plan And Completed Buyback Will Support Steady Outlook

Analysts have lifted their price target for Tenaris from about €18.60 to roughly €22.85, pointing to updated fair value assumptions that reflect revised views on revenue, profit margins and future P/E levels. What's in the News Tenaris has called an Annual General Meeting of Shareholders for May 12, 2026, to be followed immediately by an Extraordinary General Meeting to vote on proposed amendments to the articles of association (company announcement).
ENI
€22.31
Eni
7D
-7.1%
1Y
81.8%
SPM
€4.00
Saipem
7D
-3.8%
1Y
114.6%
G
€37.45
Assicurazioni Generali
7D
3.7%
1Y
21.4%
MONC
€57.24
Moncler
7D
7.9%
1Y
6.6%

MONC: Recent Rating Upgrade Will Support Premium Earnings Profile Upside

Moncler's analyst fair value estimate has been adjusted slightly lower from €61.00 to €60.64, as analysts factor in a higher discount rate, along with fresh target tweaks from recent broker moves that include both a small cut from Deutsche Bank and several incremental target lifts from other firms. Analyst Commentary Recent research on Moncler has been active, with both target increases and one reduction feeding into a slightly lower aggregate fair value estimate.
MB
€19.95
Mediobanca Banca di Credito Finanziario
7D
10.9%
1Y
27.2%
BMPS
€9.13
Banca Monte dei Paschi di Siena
7D
13.3%
1Y
39.8%

BMPS: Bullish Coverage And New Leadership Will Shape Future Upside Potential

Analysts now see fair value for Banca Monte dei Paschi di Siena at about €10.25 per share, up from roughly €9.96. This reflects updated views on discount rate, profit margin, revenue growth and future P/E following fresh bullish research coverage.
TRN
€10.09
Terna
7D
-1.8%
1Y
19.6%
SRG
€6.63
Snam
7D
-1.6%
1Y
35.8%
TPRO
€17.94
Technoprobe
7D
9.9%
1Y
233.5%
A2A
€2.41
A2A
7D
-3.7%
1Y
13.4%