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Italian (Borsa Italiana) Market Analysis & Valuation

UpdatedMar 13, 2026
DataAggregated Company Financials
Companies392
  • 7D-0.7%
  • 3M1.1%
  • 1Y15.3%
  • YTD-2.4%

Over the last 7 days, the market has remained flat, although notably the Energy sector gained 5.6% in that time. As for the longer term, the market has risen 15% in the past 12 months. As for the next few years, earnings are expected to grow by 10% per annum.

Trending IndustriesSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 13 Mar 2026€1.0t€806.9b€44.7b16x22.9x1.3x
Sun, 08 Feb 2026€1.1t€800.4b€66.1b17.6x16.2x1.3x
Tue, 06 Jan 2026€1.1t€800.8b€65.4b16.8x16.3x1.3x
Thu, 04 Dec 2025€1.0t€801.0b€65.5b16.4x15.5x1.3x
Sat, 01 Nov 2025€1.0t€800.5b€65.1b17x15.6x1.3x
Mon, 29 Sep 2025€992.1b€799.5b€64.2b17.5x15.5x1.2x
Wed, 27 Aug 2025€985.4b€798.8b€64.0b17.8x15.4x1.2x
Fri, 25 Jul 2025€940.6b€807.3b€72.4b17x13x1.2x
Sun, 22 Jun 2025€905.9b€823.3b€71.8b15.9x12.6x1.1x
Tue, 20 May 2025€924.5b€821.9b€71.8b15.6x12.9x1.1x
Thu, 17 Apr 2025€838.0b€813.3b€71.1b14.2x11.8x1x
Sat, 15 Mar 2025€893.6b€812.4b€71.2b14.2x12.6x1.1x
Mon, 10 Feb 2025€783.7b€834.1b€74.8b13.9x10.5x0.9x
Wed, 08 Jan 2025€743.5b€821.2b€75.4b14.2x9.9x0.9x
Fri, 06 Dec 2024€735.1b€832.4b€75.9b13.8x9.7x0.9x
Sun, 03 Nov 2024€730.1b€836.9b€74.4b13.6x9.8x0.9x
Tue, 01 Oct 2024€727.5b€836.4b€75.1b14.2x9.7x0.9x
Thu, 29 Aug 2024€725.1b€848.0b€75.5b14.1x9.6x0.9x
Sat, 27 Jul 2024€747.5b€854.9b€79.6b14.3x9.4x0.9x
Mon, 24 Jun 2024€745.7b€888.2b€78.8b14.2x9.5x0.8x
Wed, 22 May 2024€771.2b€860.9b€79.0b15x9.8x0.9x
Fri, 19 Apr 2024€765.7b€884.2b€79.1b14.2x9.7x0.9x
Sun, 17 Mar 2024€770.3b€893.6b€79.1b14x9.7x0.9x
Tue, 13 Feb 2024€684.7b€923.0b€80.2b14.1x8.5x0.7x
Thu, 11 Jan 2024€676.7b€921.5b€77.4b14.9x8.7x0.7x
Sat, 09 Dec 2023€665.5b€923.6b€77.3b14.4x8.6x0.7x
Mon, 06 Nov 2023€636.2b€949.1b€72.1b14x8.8x0.7x
Wed, 04 Oct 2023€619.3b€965.3b€73.9b14.4x8.4x0.6x
Fri, 01 Sep 2023€644.4b€962.5b€73.7b15.8x8.7x0.7x
Sun, 30 Jul 2023€653.1b€941.7b€70.8b15.7x9.2x0.7x
Tue, 27 Jun 2023€609.5b€947.9b€77.2b15.7x7.9x0.6x
Thu, 25 May 2023€604.4b€946.7b€77.2b16x7.8x0.6x
Sat, 22 Apr 2023€633.8b€950.9b€74.6b16.3x8.5x0.7x
Mon, 20 Mar 2023€573.4b€938.1b€65.7b15.2x8.7x0.6x
Price to Earnings Ratio

8.7x


Total Market Cap: €573.4bTotal Earnings: €65.7bTotal Revenue: €938.1bTotal 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 22.9x 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 12% per year over the last three years.
  • Revenues have also declined 4.9% 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-0.70%
Energy5.58%
Industrials3.60%
Utilities-0.20%
Real Estate-0.37%
Financials-1.80%
Tech-2.34%
Healthcare-2.53%
Telecom-3.29%
Consumer Discretionary-3.95%
Materials-4.27%
Consumer Staples-4.38%
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 35.2% which is higher than its past year's earnings decline of 6.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 35% over the next 5 years.
  • This is better than its past earnings decline of 6.3% per year.
  • In contrast, the Utilities sector is expected to see its earnings grow by 4.0% 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
ENI Eni€21.777.6%
+€4.5b		59.4%PE24.5xEnergy
LDO Leonardo€63.8812.7%
+€4.1b		45.0%PE34.8xIndustrials
PRY Prysmian€101.553.0%
+€845.9m		83.2%PE22.9xIndustrials
TEN Tenaris€23.202.3%
+€525.0m		35.7%PE14xEnergy
TIT Telecom Italia€0.613.5%
+€433.7m		104.0%PE34.5xTelecom
See more

Market Insights

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Latest News

STLAM
€5.97
Stellantis
7D
-5.1%
1Y
-45.7%
TIT
€0.61
Telecom Italia
7D
3.5%
1Y
104.0%
INW
€7.78
Infrastrutture Wireless Italiane
7D
-8.0%
1Y
-18.2%
BMPS
€7.16
Banca Monte dei Paschi di Siena
7D
-2.8%
1Y
0.9%
UCG
€65.07
UniCredit
7D
-2.8%
1Y
27.5%

UCG: Rising Margin Resilience And Broker Upgrades Will Support Further Upside

Our UniCredit fair value estimate increases slightly to €95.50 from €95.00, reflecting analysts' higher price targets from Citi and JPMorgan, along with an updated view on margin resilience and a lower assumed future P/E of 13.8x. Analyst Commentary Recent Street research has leaned clearly positive on UniCredit, with several bullish analysts lifting price targets and at least one major broker moving to a more constructive stance.
ENI
€21.77
Eni
7D
7.6%
1Y
59.4%

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
€101.55
Prysmian
7D
3.0%
1Y
83.2%
NEXI
€2.96
Nexi
7D
4.7%
1Y
-43.5%
ENEL
€9.49
Enel
7D
0.3%
1Y
35.6%
BZU
€42.00
Buzzi
7D
-6.9%
1Y
-16.0%

BZU: Eased Discount Rate Will Support Higher P/E And Upside Potential

Narrative Update on Buzzi Analysts have lifted their price target on Buzzi by €2, citing slightly adjusted assumptions on the discount rate, revenue growth, profit margin and future P/E that support a modestly higher valuation. Analyst Commentary Recent research points to a more constructive stance on Buzzi, with bullish analysts adjusting their assumptions on discount rates, revenue growth, profit margins and future P/E multiples to support a slightly higher valuation.
RACE
€292.60
Ferrari
7D
-5.0%
1Y
-28.4%

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.
TEN
€23.20
Tenaris
7D
2.3%
1Y
35.7%

TEN: Richer P/E Will Face Pressure From Weakening Revenue And Margin Outlook

Analysts have lifted their price target on Tenaris from €16.67 to €18.41, citing updated assumptions around revenue trends, profit margins and future P/E. Together, these factors point to a modestly higher assessed fair value.
PST
€21.41
Poste Italiane
7D
-2.2%
1Y
31.2%

PST: Higher Earnings Quality Will Support Future Upside As P/E Framework Holds

Our updated fair value estimate for Poste Italiane edges up from €26.18 to €26.50. This reflects analysts' higher price targets in the €21.50 to €25.10 range and their supporting views around revenue growth, profit margin assumptions, and a slightly lower future P/E multiple.
A2A
€2.36
A2A
7D
2.5%
1Y
4.7%
ISP
€5.22
Intesa Sanpaolo
7D
-1.9%
1Y
10.5%
LDO
€63.88
Leonardo
7D
12.7%
1Y
45.0%