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

Italian (Borsa Italiana) Market Analysis & Valuation

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies389
  • 7D-0.4%
  • 3M5.4%
  • 1Y29.1%
  • YTD4.2%

The Information Technology sector gained 7.3% while the market remained flat over the last week. Meanwhile, the market is actually up 29% over the past year. 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
Wed, 22 Apr 2026€1.1t€808.5b€42.0b16.3x25.8x1.3x
Fri, 20 Mar 2026€1.0t€808.1b€45.1b15.5x22.3x1.2x
Sun, 15 Feb 2026€1.1t€801.2b€67.4b17.5x15.7x1.3x
Tue, 13 Jan 2026€1.1t€800.9b€65.4b16.9x16.3x1.3x
Thu, 11 Dec 2025€1.0t€801.0b€65.5b16.5x15.5x1.3x
Sat, 08 Nov 2025€1.0t€801.0b€64.7b16.5x15.6x1.3x
Mon, 06 Oct 2025€1.0t€799.6b€64.2b17.4x15.8x1.3x
Wed, 03 Sep 2025€964.9b€798.8b€64.1b17.3x15.1x1.2x
Fri, 01 Aug 2025€943.3b€795.4b€64.9b16.8x14.5x1.2x
Sun, 29 Jun 2025€916.2b€823.3b€71.7b16.2x12.8x1.1x
Tue, 27 May 2025€925.5b€821.8b€71.8b15.9x12.9x1.1x
Thu, 24 Apr 2025€845.1b€813.4b€71.0b14.3x11.9x1x
Sat, 22 Mar 2025€899.6b€815.4b€71.4b14.3x12.6x1.1x
Mon, 17 Feb 2025€796.3b€834.7b€74.0b14x10.8x1x
Wed, 15 Jan 2025€744.5b€819.0b€75.4b14x9.9x0.9x
Fri, 13 Dec 2024€741.1b€832.3b€75.9b14.1x9.8x0.9x
Sun, 10 Nov 2024€720.1b€834.5b€75.3b13.5x9.6x0.9x
Tue, 08 Oct 2024€722.5b€836.8b€75.2b13.9x9.6x0.9x
Thu, 05 Sep 2024€719.2b€848.2b€75.5b14.1x9.5x0.8x
Sat, 03 Aug 2024€708.3b€845.4b€75.4b13.9x9.4x0.8x
Mon, 01 Jul 2024€738.9b€868.5b€79.8b14x9.3x0.9x
Wed, 29 May 2024€780.4b€869.1b€79.7b14.8x9.8x0.9x
Fri, 26 Apr 2024€764.1b€882.6b€77.7b14.4x9.8x0.9x
Sun, 24 Mar 2024€780.6b€888.5b€78.2b13.9x10x0.9x
Tue, 20 Feb 2024€691.2b€916.1b€79.7b14.2x8.7x0.8x
Thu, 18 Jan 2024€670.2b€921.7b€77.4b14.7x8.7x0.7x
Sat, 16 Dec 2023€668.1b€921.3b€77.4b14.5x8.6x0.7x
Mon, 13 Nov 2023€631.8b€1.6t€275.1b14.1x2.3x0.4x
Wed, 11 Oct 2023€626.1b€966.4b€74.1b14.2x8.4x0.6x
Fri, 08 Sep 2023€633.5b€962.7b€73.7b15.5x8.6x0.7x
Sun, 06 Aug 2023€638.5b€945.4b€71.5b15.3x8.9x0.7x
Tue, 04 Jul 2023€631.3b€948.0b€77.2b16.1x8.2x0.7x
Thu, 01 Jun 2023€593.3b€946.9b€77.3b16x7.7x0.6x
Sat, 29 Apr 2023€624.3b€952.6b€75.1b16.1x8.3x0.7x
Price to Earnings Ratio

8.3x


Total Market Cap: €624.3bTotal Earnings: €75.1bTotal Revenue: €952.6bTotal 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 25.8x 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 18% 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 Market-0.37%
Tech7.29%
Consumer Discretionary2.45%
Real Estate1.95%
Healthcare1.69%
Telecom0.47%
Financials0.38%
Materials-0.021%
Consumer Staples-0.82%
Utilities-2.02%
Energy-2.91%
Industrials-3.15%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 36.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 30.5%, 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 4.2% 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€9.1110.8%
+€2.7b		39.9%PB1xFinancials
G Assicurazioni Generali€37.873.1%
+€1.7b		21.0%PE13.7xFinancials
STLAM Stellantis€7.396.6%
+€1.3b		-4.2%PS0.1xConsumer Discretionary
MB Mediobanca Banca di Credito Finanziario€19.918.7%
+€1.3b		26.4%PB1.4xFinancials
MONC Moncler€57.585.2%
+€771.3m		6.9%PE25xConsumer Discretionary
See more

Market Insights

Header cover image
A (virtual) reality check for VR, Web3 and Metaverse
Richard Bowman avatar
Richard Bowman
The Metaverse, NFTs, and Web3 all burst into the spotlight in 2021 and then faded away just as quickly. Welcome to part 3 of the three-part “What’s happening with…” series.
Continue reading
Is it time to revisit Cybersecurity and Cloud?

Latest News

ENEL
€9.69
Enel
7D
-1.9%
1Y
29.3%
ENI
€22.41
Eni
7D
-4.6%
1Y
80.7%
PRY
€119.30
Prysmian
7D
-2.2%
1Y
179.7%

PRY: Elevated Expectations And Execution Risks Will Likely Cap Future Share Returns

Prysmian's analyst price targets have moved higher, with recent Street research pointing to raised fair value estimates toward about €68. These are supported by slightly stronger revenue growth and profit margin assumptions and a lower forward P/E outlook, even as some firms flag valuation constraints and trim ratings.
IVG
€14.03
Iveco Group
7D
-27.0%
1Y
7.2%

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
€309.30
Ferrari
7D
1.3%
1Y
-20.3%

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
€7.39
Stellantis
7D
6.6%
1Y
-4.2%

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
€25.82
Tenaris
7D
2.3%
1Y
77.6%

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).
SPM
€3.92
Saipem
7D
-6.1%
1Y
110.9%
G
€37.87
Assicurazioni Generali
7D
3.1%
1Y
21.0%
MONC
€57.58
Moncler
7D
5.2%
1Y
6.9%

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
€19.91
Mediobanca Banca di Credito Finanziario
7D
8.7%
1Y
26.4%
UCG
€67.01
UniCredit
7D
-4.8%
1Y
38.0%
BMPS
€9.11
Banca Monte dei Paschi di Siena
7D
10.8%
1Y
39.9%

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.
SRG
€6.60
Snam
7D
-2.1%
1Y
33.0%
LDO
€55.27
Leonardo
7D
-3.9%
1Y
23.8%
TPRO
€17.73
Technoprobe
7D
5.7%
1Y
214.6%