Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Italian (Borsa Italiana) Market Analysis & Valuation

UpdatedMar 11, 2026
DataAggregated Company Financials
Companies392
  • 7D1.1%
  • 3M3.0%
  • 1Y18.5%
  • YTD-0.7%

The market is up 1.1% over the last week, with the Industrials sector leading the way, up 3.7%. As for the past 12 months, the market is up 19%. Earnings are forecast to grow by 10% annually.

Trending IndustriesSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 11 Mar 2026€1.0t€807.4b€44.0b16.1x23.7x1.3x
Fri, 06 Feb 2026€1.1t€799.4b€65.5b17.3x16.3x1.3x
Sun, 04 Jan 2026€1.1t€800.8b€65.4b16.9x16.1x1.3x
Tue, 02 Dec 2025€1.0t€801.1b€65.5b16.4x15.5x1.3x
Thu, 30 Oct 2025€1.0t€799.6b€64.7b17.1x15.7x1.3x
Sat, 27 Sep 2025€993.2b€800.0b€64.2b17.9x15.5x1.2x
Mon, 25 Aug 2025€996.7b€798.7b€64.1b17.8x15.6x1.2x
Wed, 23 Jul 2025€927.5b€806.5b€71.7b16.9x12.9x1.2x
Fri, 20 Jun 2025€899.4b€823.3b€71.8b15.9x12.5x1.1x
Sun, 18 May 2025€935.5b€821.5b€71.8b15.8x13x1.1x
Tue, 15 Apr 2025€816.0b€814.6b€71.0b14.1x11.5x1x
Thu, 13 Mar 2025€810.8b€813.8b€67.8b13.9x11.9x1x
Sat, 08 Feb 2025€783.7b€834.6b€74.4b14x10.5x0.9x
Mon, 06 Jan 2025€729.7b€821.3b€75.4b14.2x9.7x0.9x
Wed, 04 Dec 2024€718.7b€832.0b€75.9b13.5x9.5x0.9x
Fri, 01 Nov 2024€726.9b€836.0b€74.4b13.8x9.8x0.9x
Sun, 29 Sep 2024€739.0b€836.8b€75.1b14.3x9.8x0.9x
Tue, 27 Aug 2024€720.4b€848.0b€75.5b14.2x9.5x0.8x
Thu, 25 Jul 2024€756.3b€854.0b€79.1b14.5x9.6x0.9x
Sat, 22 Jun 2024€746.4b€868.7b€79.9b14.2x9.3x0.9x
Mon, 20 May 2024€787.7b€860.9b€79.0b15x10x0.9x
Wed, 17 Apr 2024€770.1b€979.0b€83.9b14.4x9.2x0.8x
Fri, 15 Mar 2024€765.5b€898.0b€79.3b13.8x9.7x0.9x
Sun, 11 Feb 2024€677.7b€922.9b€80.2b14.1x8.5x0.7x
Tue, 09 Jan 2024€679.7b€921.5b€77.4b14.8x8.8x0.7x
Thu, 07 Dec 2023€663.4b€923.5b€77.3b14.3x8.6x0.7x
Sat, 04 Nov 2023€636.3b€947.7b€71.2b14x8.9x0.7x
Mon, 02 Oct 2023€628.6b€965.1b€73.8b14.7x8.5x0.7x
Wed, 30 Aug 2023€645.4b€962.4b€73.7b15.6x8.8x0.7x
Fri, 28 Jul 2023€639.8b€941.9b€69.7b15.7x9.2x0.7x
Sun, 25 Jun 2023€610.0b€947.9b€77.2b15.9x7.9x0.6x
Tue, 23 May 2023€618.7b€946.6b€77.2b16.2x8x0.7x
Thu, 20 Apr 2023€639.3b€949.2b€74.2b16.2x8.6x0.7x
Sat, 18 Mar 2023€585.4b€950.8b€57.0b15x10.3x0.6x
Price to Earnings Ratio

10.3x


Total Market Cap: €585.4bTotal Earnings: €57.0bTotal Revenue: €950.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Italian Market Price to Earnings3Y Average 11x202420252026
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 23.7x which is higher than its 3-year average PE of 11.0x.
Past Earnings Growth
  • The earnings for companies in the Italian industry have declined 8.3% per year over the last three years.
  • Revenues have also declined 5.3% 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 Market1.07%
Consumer Staples4.54%
Industrials3.67%
Energy3.34%
Tech1.43%
Utilities1.29%
Financials0.44%
Consumer Discretionary-0.06%
Real Estate-0.29%
Materials-0.57%
Telecom-1.78%
Healthcare-1.92%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 36.1x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 34.3% which is higher than its past year's earnings decline of 4.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 34% over the next 5 years.
  • This is better than its past earnings decline of 4.9% per year.
  • In contrast, the Utilities sector is expected to see its earnings grow by 3.8% 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
UCG UniCredit€68.812.8%
+€2.8b		36.5%PB1.5xFinancials
LDO Leonardo€62.467.8%
+€2.6b		42.8%PE34.1xIndustrials
ENI Eni€20.874.1%
+€2.4b		54.1%PE23.5xEnergy
ENEL Enel€9.601.4%
+€1.3b		37.9%PE15.7xUtilities
PRY Prysmian€101.804.1%
+€1.2b		91.4%PE22.9xIndustrials
See more

Market Insights

Header cover image
What the next 25 years will look like 🔮
Richard Bowman avatar
Richard Bowman
The first 25 years of this century were shaped by a few notable themes: China, Tech, and low interest rates. Let's now look at the themes shaping the next quarter of the century.
Continue reading
Three contrarian investing ideas for a new market

Latest News

STLAM
€6.06
Stellantis
7D
-2.2%
1Y
-46.5%
ENI
€20.87
Eni
7D
4.1%
1Y
54.1%

ENI: Argentina LNG Project And 2026 Plan Will Shape Balanced Outlook

Analysts have raised their price target for Eni from €16.76 to €19.09, citing updated assumptions that include slightly lower discount rates, higher revenue growth, improved profit margins and a modestly reduced future P/E multiple. What's in the News Eni, YPF Sociedad Anónima and XRG signed a binding Joint Development Agreement for the Argentina LNG project, targeting 12 million tons per annum of LNG capacity through two floating LNG facilities and integrated upstream, midstream and export infrastructure (Key Developments).
PRY
€101.80
Prysmian
7D
4.1%
1Y
91.4%
MB
€16.16
Mediobanca Banca di Credito Finanziario
7D
-5.5%
1Y
-3.1%
NEXI
€2.94
Nexi
7D
-10.9%
1Y
-42.6%
ENEL
€9.60
Enel
7D
1.4%
1Y
37.9%
AMP
€10.77
Amplifon
7D
-13.1%
1Y
-47.9%

AMP: Fair Outlook As Updated Cash Flow And P/E Assumptions Temper Risk

Analysts now estimate Amplifon's fair value at €11.50, reduced from €14.00, reflecting updated assumptions that include a slightly higher discount rate, more moderate revenue growth, a lower profit margin and a marginally reduced future P/E multiple. What's in the News Board meeting scheduled for March 4, 2026, to approve the consolidated financial statements and draft separate financial statements for the year ended December 31, 2025, including the proposed allocation of the 2025 net result and the 2025 sustainability statement (company event) Board meeting planned for May 5, 2026, to approve the interim financial report as of March 31, 2026 (company event) Board meeting set for July 30, 2026, to approve the interim management report as of June 30, 2026 (company event) Board meeting scheduled for October 29, 2026, to approve the interim financial report as of September 30, 2026 (company event) Valuation Changes Fair Value: reduced from €14.00 to €11.50, a moderate cut to the estimated equity value per share.
INW
€8.23
Infrastrutture Wireless Italiane
7D
-4.4%
1Y
-12.8%

INW: 2026 Board Calendar Will Underpin Confidence In Future Upside

Analysts have slightly reduced their price target for Infrastrutture Wireless Italiane, with fair value moving from about €10.46 to €10.37 as they factor in updated assumptions for the discount rate, revenue growth, profit margins and future P/E levels. What's in the News A board meeting is scheduled for Mar 10, 2026 to approve the draft financial statements for the year ended Dec 31, 2025 (company calendar).
RACE
€300.50
Ferrari
7D
-1.4%
1Y
-25.3%

RACE: Measured Outlook Will Balance Dividend Plans And Updated Earnings Guidance

Analysts have revised their price target on Ferrari to €310 from €380, reflecting updated assumptions around a lower discount rate, more measured revenue growth, slightly higher profit margins, and a reduced future P/E multiple. What’s in the News Ferrari plans to recommend a dividend of €3.615 per common share for approval at the April 15, 2026 AGM.
LTMC
€24.34
Lottomatica Group
7D
15.1%
1Y
43.5%
BMPS
€7.39
Banca Monte dei Paschi di Siena
7D
-5.0%
1Y
10.7%
MONC
€55.30
Moncler
7D
4.5%
1Y
-10.5%
ISP
€5.36
Intesa Sanpaolo
7D
0.7%
1Y
14.4%
G
€33.28
Assicurazioni Generali
7D
-0.9%
1Y
5.4%

G: Renewed Buy Coverage And Refined Assumptions Will Guide Measured Future Upside

Narrative Update on Assicurazioni Generali Analysts have nudged their price target on Assicurazioni Generali higher to about €36.50 from roughly €35.90, citing resumed positive coverage and recent target increases from the Street as support for a slightly richer valuation multiple, along with modestly adjusted growth and risk assumptions. Analyst Commentary Recent Street views on Assicurazioni Generali have centered on refreshed coverage and revised price targets that align with a slightly higher valuation framework.
UCG
€68.81
UniCredit
7D
2.8%
1Y
36.5%

UCG: Execution On Capital Returns And M&A Will Drive Future Upside

We have raised our UniCredit fair value estimate to €83.56 from €74.86, reflecting analysts' higher price targets and assumptions for slightly stronger revenue growth, improved profit margins, and a lower future P/E multiple. Analyst Commentary Bullish Takeaways Bullish analysts are lifting price targets into the high €70s and low €80s, which supports a higher central fair value range for UniCredit and aligns with our updated €83.56 estimate.
LDO
€62.46
Leonardo
7D
7.8%
1Y
42.8%