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Italian (Borsa Italiana) Market Analysis & Valuation

UpdatedJan 09, 2026
DataAggregated Company Financials
Companies396
  • 7D1.9%
  • 3M8.1%
  • 1Y27.4%
  • YTD1.1%

The market is up 1.9% in the last 7 days, led by the Utilities and Industrials sectors. In the last year, the market has climbed 27%. Earnings are forecast to grow by 9.2% annually.

Trending IndustriesSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 09 Jan 2026€1.1t€800.9b€65.4b17x16.3x1.3x
Sun, 07 Dec 2025€1.0t€801.0b€65.5b16.4x15.5x1.3x
Tue, 04 Nov 2025€1.0t€800.0b€65.1b16.9x15.6x1.3x
Thu, 02 Oct 2025€1.0t€799.2b€64.2b17.2x15.6x1.3x
Sat, 30 Aug 2025€976.1b€798.8b€64.1b17.6x15.2x1.2x
Mon, 28 Jul 2025€943.4b€803.8b€72.4b17.1x13x1.2x
Wed, 25 Jun 2025€908.4b€823.4b€71.7b16.1x12.7x1.1x
Fri, 23 May 2025€928.1b€821.9b€71.8b15.6x12.9x1.1x
Sun, 20 Apr 2025€836.5b€813.4b€71.0b14.2x11.8x1x
Tue, 18 Mar 2025€901.6b€813.9b€71.1b14.3x12.7x1.1x
Thu, 13 Feb 2025€789.9b€834.8b€74.2b14x10.6x0.9x
Sat, 11 Jan 2025€744.8b€821.4b€75.4b14.1x9.9x0.9x
Mon, 09 Dec 2024€735.9b€832.4b€75.9b13.9x9.7x0.9x
Wed, 06 Nov 2024€730.6b€836.8b€74.4b13.8x9.8x0.9x
Fri, 04 Oct 2024€709.9b€836.7b€75.2b14x9.4x0.8x
Sun, 01 Sep 2024€733.8b€848.2b€75.5b14.1x9.7x0.9x
Tue, 30 Jul 2024€742.3b€843.7b€75.6b14.3x9.8x0.9x
Thu, 27 Jun 2024€748.3b€868.7b€79.8b14.1x9.4x0.9x
Sat, 25 May 2024€774.9b€868.9b€79.7b14.6x9.7x0.9x
Mon, 22 Apr 2024€766.8b€887.7b€79.1b14.3x9.7x0.9x
Wed, 20 Mar 2024€776.0b€893.6b€79.4b14x9.8x0.9x
Fri, 16 Feb 2024€689.9b€922.4b€80.3b14.1x8.6x0.7x
Sun, 14 Jan 2024€677.7b€921.6b€77.4b14.9x8.8x0.7x
Tue, 12 Dec 2023€665.0b€923.6b€77.3b14.3x8.6x0.7x
Thu, 09 Nov 2023€629.9b€948.7b€72.3b13.8x8.7x0.7x
Sat, 07 Oct 2023€616.0b€966.4b€74.1b14.4x8.3x0.6x
Mon, 04 Sep 2023€642.6b€962.6b€73.7b15.8x8.7x0.7x
Wed, 02 Aug 2023€648.9b€942.0b€70.8b15.6x9.2x0.7x
Fri, 30 Jun 2023€620.7b€948.0b€77.2b15.9x8x0.7x
Sun, 28 May 2023€607.0b€946.8b€77.2b16.1x7.9x0.6x
Tue, 25 Apr 2023€629.3b€950.9b€74.6b16.2x8.4x0.7x
Thu, 23 Mar 2023€593.6b€933.6b€65.7b15.9x9x0.6x
Sat, 18 Feb 2023€635.9b€922.0b€57.7b16.3x11x0.7x
Mon, 16 Jan 2023€601.6b€913.5b€51.8b16.2x11.6x0.7x
Price to Earnings Ratio

11.6x


Total Market Cap: €601.6bTotal Earnings: €51.8bTotal Revenue: €913.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Italian Market Price to Earnings3Y Average 10.7x202420252026
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 16.3x which is higher than its 3-year average PE of 10.7x.
Past Earnings Growth
  • The earnings for Italian listed companies have grown 8.1% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.3% 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 Market1.87%
Industrials7.48%
Tech6.13%
Utilities4.39%
Consumer Staples2.92%
Materials1.92%
Healthcare1.51%
Real Estate1.20%
Telecom1.15%
Financials0.37%
Consumer Discretionary0.32%
Energy-0.43%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 20.7x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 19.4%, which is higher than its past year's earnings growth of 8.7% 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 8.5x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 38% 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 3.3% 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
LDO Leonardo€58.5219.0%
+€5.4b		114.3%PE31.9xIndustrials
ENEL Enel€9.274.4%
+€4.0b		31.8%PE15.2xUtilities
PST Poste Italiane€22.394.2%
+€1.2b		59.2%PE13.4xFinancials
IG Italgas€10.5410.8%
+€1.0b		92.9%PE16.7xUtilities
BPE BPER Banca€12.114.4%
+€1.0b		93.3%PB1.5xFinancials
See more

Market Insights

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What research teams agree on – and where they don’t – heading into 2026.
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Three Sectors Expected to Rally in 2026 📈

Latest News

ENI
€15.73
Eni
7D
-2.5%
1Y
14.5%

ENI: Upcoming 2026 Plan And Production Outlook Will Shape Balanced View

Analysts have nudged their price target on Eni slightly lower to €16.53 from roughly €16.54, reflecting small adjustments to the discount rate, revenue growth, profit margin assumptions and future P/E expectations. What's in the News A board meeting is scheduled for February 25, 2026 to review preliminary financial statements as of December 31, 2025 and to consider a resolution on distribution of reserves in place of the 2025 dividend (company event filing).
FCT
€19.37
Fincantieri
7D
16.0%
1Y
153.7%
LDO
€58.52
Leonardo
7D
19.0%
1Y
114.3%
TPRO
€13.50
Technoprobe
7D
10.7%
1Y
122.8%
ENEL
€9.27
Enel
7D
4.4%
1Y
31.8%

ENEL: Guidance Delivery And Neutral Ratings Will Shape Medium Term Upside

Analysts have trimmed their blended price target for Enel to about €9.02, reflecting slightly lower assumptions for discount rates and revenue growth, along with steady profit margin and future P/E expectations. This is in line with recent Neutral and Equal Weight views and modest target reductions from €9.50 and €8.40 to €8.30 across the Street.
G
€35.08
Assicurazioni Generali
7D
-1.9%
1Y
22.9%
BC
€96.22
Brunello Cucinelli
7D
-2.2%
1Y
-12.2%

Brunello Cucinelli S.p.A.'s (BIT:BC) Shares May Have Run Too Fast Too Soon

Dec 29
Brunello Cucinelli S.p.A.'s (BIT:BC) Shares May Have Run Too Fast Too Soon
NEXI
€4.02
Nexi
7D
-4.8%
1Y
-24.5%

NEXI: Future Upside Will Depend On Execution Amid Neutral Outlook

Analysts have trimmed their price target on Nexi to EUR 5.65 from about EUR 5.90, reflecting slightly lower fair value estimates driven by modestly weaker growth and profitability assumptions, as well as a marginally reduced earnings multiple. Analyst Commentary Analysts describe the latest price target revision as a fine-tuning rather than a fundamental reset, with views balanced between Nexi's structural strengths and execution and macro risks that could cap upside in the near term.
MONC
€53.08
Moncler
7D
-3.4%
1Y
0.2%

Moncler (BIT:MONC) Is Aiming To Keep Up Its Impressive Returns

Dec 24
Moncler (BIT:MONC) Is Aiming To Keep Up Its Impressive Returns
BMPS
€8.93
Banca Monte dei Paschi di Siena
7D
-2.2%
1Y
26.9%

BMPS: Index Inclusions Are Expected To Drive Stronger Future Share Performance

Analysts have raised their price target on Banca Monte dei Paschi di Siena from €10.50 to €11.00, citing sharply stronger projected revenue growth, slightly higher profit margins, a lower discount rate, and a materially cheaper expected future P/E multiple. What's in the News Banca Monte dei Paschi di Siena has been added to the S&P EUROPE 350, expanding its visibility among major European equities (Key Developments).
BPE
€12.11
BPER Banca
7D
4.4%
1Y
93.3%

BPE: Higher Fair Value And Index Moves Will Shape Balanced Risk Outlook

The analyst fair value estimate for BPER Banca has risen from approximately EUR 7.55 to EUR 11.20, as analysts incorporate stronger expectations for revenue growth, slightly higher profitability, and a sector-leading position reflected in a series of recent price target hikes across the Street. Analyst Commentary Recent Street research on BPER Banca presents a more nuanced picture, with some Bearish analysts tempering enthusiasm despite the higher consensus fair value.
UCG
€70.74
UniCredit
7D
-0.3%
1Y
74.5%

UCG: Earnings Guidance And Capital Returns Will Support Further Upside Potential

Analysts have lifted their price target on UniCredit by approximately EUR 4 to EUR 84.30, citing slightly stronger expected revenue growth, improved profit margins and a modestly lower discount rate that together support a higher fair value multiple. Analyst Commentary Bullish analysts continue to see upside in UniCredit's equity story, with recent target price revisions reflecting confidence in the bank's ability to sustain earnings growth and capital returns.
SRG
€5.91
Snam
7D
4.6%
1Y
36.1%

SRG: Dividend Stability And Sector Performance Will Guide Fairly Valued Shares Forward

Analysts have nudged their price target on Snam higher to EUR 5.61 from around EUR 5.54, reflecting modestly stronger long term value expectations, despite slightly softer growth and margin assumptions in line with recent sector perform research. Analyst Commentary Recent research highlights a more balanced stance on Snam, with adjustments to price targets reflecting both recognition of the shares' resilience and concerns about relative growth versus peers.
BAMI
€12.74
Banco BPM
7D
-2.2%
1Y
61.1%

BAMI: Diversified Fee Shift And Cost Controls Will Support Balanced Returns

Analysts have nudged their price target for Banco BPM slightly higher to about EUR 13.19, reflecting a modestly richer future valuation multiple and confidence in the bank's diversified, fee driven growth profile, despite only marginal adjustments to the discount rate and revenue growth assumptions. Analyst Commentary Recent research updates present a mixed but generally constructive view on Banco BPM, with higher price targets reflecting improved earnings power, even as some caution emerges around the stock's recent outperformance and execution risks.
PST
€22.39
Poste Italiane
7D
4.2%
1Y
59.2%

PST: Market Will Focus On Interest Income And Dividend Payout Stability

Analysts have nudged their consolidated price target for Poste Italiane slightly higher to about EUR 23, reflecting broadly supportive views on valuation and earnings quality despite only modest tweaks to growth and profitability assumptions. Analyst Commentary Recent Street research continues to frame Poste Italiane as a relatively resilient income and rate sensitive name, with most targets clustering just above EUR 21 and moving toward the EUR 23 level.
IG
€10.54
Italgas
7D
10.8%
1Y
92.9%