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

Italian (Borsa Italiana) Market Analysis & Valuation

UpdatedFeb 15, 2026
DataAggregated Company Financials
Companies392
  • 7D-0.9%
  • 3M3.5%
  • 1Y18.8%
  • YTD0.6%

In the last week, the market has stayed flat, however the Consumer Discretionary sector stood out, gaining 7.9%. More promisingly, the market is up 19% over the past year. As for the next few years, earnings are expected to grow by 9.2% per annum.

Trending IndustriesSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Mon, 27 Mar 2023€588.1b€948.1b€67.5b15.7x8.7x0.6x
Wed, 22 Feb 2023€629.8b€925.6b€57.7b15.7x10.9x0.7x
Price to Earnings Ratio

10.9x


Total Market Cap: €629.8bTotal Earnings: €57.7bTotal Revenue: €925.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Italian Market Price to Earnings3Y Average 10.8x202420252026
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 15.7x which is higher than its 3-year average PE of 10.8x.
Past Earnings Growth
  • The earnings for Italian listed companies have grown 5.3% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.7% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits are increasing.

Sector Trends

Which sectors have driven the changes within the Italian Market?

IT Market-0.94%
Consumer Discretionary7.89%
Telecom6.61%
Tech5.68%
Energy2.39%
Consumer Staples2.30%
Real Estate1.38%
Healthcare0.67%
Utilities0.35%
Industrials-0.89%
Materials-4.11%
Financials-5.10%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 23.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 17.6%, which is higher than its past year's earnings growth of 5.1% per year.
  • The Financials sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 8.6x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 37% over the next 5 years.
  • This is better than its past earnings decline of 60% per year.
  • In contrast, the Utilities sector is expected to see its earnings grow by 3.5% 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
RACE Ferrari€322.3014.7%
+€7.3b		-32.8%PE35.7xConsumer Discretionary
STLAM Stellantis€6.618.2%
+€1.5b		-50.7%PS0.1xConsumer Discretionary
TPRO Technoprobe€17.8713.2%
+€1.4b		186.8%PE165.1xTech
ENI Eni€18.181.9%
+€1.0b		29.5%PE21.1xEnergy
SRG Snam€6.285.2%
+€1.0b		41.4%PE15.5xUtilities
See more

Market Insights

Header cover image
Dotcom Bubble vs. Now 🫧
Stella Ong avatar
Stella Ong
|
|
Many think the recent sell-off in tech stocks is the AI bubble bursting. Let’s compare it with what happened in 2000 and see what the data tells us.
Continue reading
Why alternative investments are making a splash 🖼️
Last Week

Why alternative investments are making a splash 🖼️

Latest News

ISP
€5.70
Intesa Sanpaolo
7D
-4.5%
1Y
29.6%
UCG
€71.33
UniCredit
7D
-3.5%
1Y
52.2%
STLAM
€6.61
Stellantis
7D
8.2%
1Y
-50.7%
FBK
€19.36
FinecoBank Banca Fineco
7D
-13.7%
1Y
6.7%

FinecoBank Banca Fineco (BIT:FBK) Is Paying Out A Larger Dividend Than Last Year

Feb 13
FinecoBank Banca Fineco (BIT:FBK) Is Paying Out A Larger Dividend Than Last Year
BMPS
€8.19
Banca Monte dei Paschi di Siena
7D
-7.9%
1Y
33.1%
RACE
€322.30
Ferrari
7D
14.7%
1Y
-32.8%
TPRO
€17.87
Technoprobe
7D
13.2%
1Y
186.8%
BMED
€17.46
Banca Mediolanum
7D
-11.7%
1Y
27.4%

BMED: Future Returns Will Depend On Margin Resilience And Earnings Multiple Stability

Analysts have lifted their price target on Banca Mediolanum to about €21.39 from €20.69, reflecting updated views on fair value, discount rate, revenue growth and profit margins, supported by recent Street research that includes a higher €20 target from JPMorgan. Analyst Commentary Bullish Takeaways Bullish analysts view the lift in the price target toward about €21.39, in line with the new €20 level from JPMorgan, as support for a higher fair value range based on updated assumptions around earnings power and profitability.
BAMI
€11.75
Banco BPM
7D
-8.5%
1Y
34.1%

BAMI: Fair Outlook Will Reflect Higher Earnings Assumptions And Cautious Rating Shift

Analysts have increased their fair value estimate for Banco BPM by €0.20 to €13.58, reflecting updated assumptions on revenue growth, discount rate and future P/E that are broadly consistent with recent price target revisions reported in Street research. Analyst Commentary Bullish Takeaways Bullish analysts are comfortable lifting fair value and price targets, which supports the idea that the current valuation can be justified by their updated assumptions on earnings and P/E.
ENI
€18.18
Eni
7D
1.9%
1Y
29.5%

ENI: 2026 Plan And Reserve Distributions Will Support A Balanced Outlook

Analysts have nudged their price target on Eni slightly higher to €16.70 from €16.64, citing updated assumptions on the discount rate, revenue growth and future P/E that modestly adjust their view of the stock's risk and earnings profile. What's in the News A board meeting is scheduled for February 25, 2026 to review preliminary financial statements as at December 31, 2025 and to decide on distribution of reserves in place of the 2025 dividend (Key Developments).
BPE
€11.55
BPER Banca
7D
-8.6%
1Y
80.6%
SRG
€6.28
Snam
7D
5.2%
1Y
41.4%

SRG: Lower Discount Rate And Sector View Will Support Fair Valuation

Analysts have lifted their price target on Snam to €5.40 from €5.15, reflecting updated assumptions around discount rates and future P/E, while keeping their fair value estimate and core operating forecasts unchanged. Analyst Commentary Analysts lifting the price target to €5.40 while keeping core forecasts steady signals that the change is mainly tied to updated valuation inputs rather than a shift in the underlying earnings view.
INW
€8.87
Infrastrutture Wireless Italiane
7D
11.4%
1Y
-7.8%

INW: 2026 Board Calendar Will Underpin Confidence In Upside Potential

Analysts have kept their price target for Infrastrutture Wireless Italiane broadly steady around €10.46 per share. Small tweaks to assumptions, such as a slightly lower discount rate and modestly adjusted forward P/E, have helped to refine the valuation rather than shift it.
ENEL
€9.31
Enel
7D
-1.8%
1Y
35.3%

ENEL: Guidance Upgrade And Mixed Ratings Will Shape Medium Term Expectations

Analysts have nudged their fair value estimate for Enel higher to €9.37 from €9.25, reflecting updated assumptions on discount rates, profit margins and future P/E, as well as recent Street research that includes a higher price target from one firm and a Neutral stance with a €9.50 target from another. Analyst Commentary Recent Street research on Enel gives you a mixed but useful read on how analysts are thinking about valuation, execution risk and growth visibility around the current share price and the refreshed fair value estimate.
TRN
€9.97
Terna
7D
5.2%
1Y
27.4%
TIT
€0.64
Telecom Italia
7D
7.4%
1Y
133.9%

The Returns At Telecom Italia (BIT:TIT) Aren't Growing

Jan 29
The Returns At Telecom Italia (BIT:TIT) Aren't Growing