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Italian (Borsa Italiana) Market Analysis & Valuation

UpdatedJan 13, 2026
DataAggregated Company Financials
Companies396
  • 7D0.2%
  • 3M8.4%
  • 1Y29.5%
  • YTD1.3%

In the last week, the market has stayed flat, however the Information Technology sector stood out, gaining 5.2%. More promisingly, the market is up 29% over the past year. Looking forward, 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
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
Fri, 20 Jan 2023€598.7b€913.6b€51.8b16.3x11.6x0.7x
Price to Earnings Ratio

11.6x


Total Market Cap: €598.7bTotal Earnings: €51.8bTotal Revenue: €913.6bTotal 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 Market0.53%
Tech5.20%
Utilities3.16%
Materials3.03%
Healthcare2.82%
Consumer Staples2.41%
Telecom2.40%
Industrials2.06%
Consumer Discretionary1.30%
Real Estate1.20%
Energy-0.86%
Financials-1.36%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 21.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 19.3%, which is higher than its past year's earnings growth of 6.3% 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€58.687.8%
+€2.5b		114.2%PE32xIndustrials
ENEL Enel€9.272.3%
+€2.1b		34.7%PE15.2xUtilities
TPRO Technoprobe€14.069.4%
+€783.5m		140.8%PE129.9xTech
FCT Fincantieri€20.249.7%
+€580.0m		172.5%PE68.6xIndustrials
BZU Buzzi€54.505.9%
+€552.1m		51.8%PE10.9xMaterials
See more

Market Insights

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Latest News

STLAM
€8.99
Stellantis
7D
-6.4%
1Y
-25.3%
ENEL
€9.27
Enel
7D
2.3%
1Y
34.7%
SRG
€5.81
Snam
7D
2.5%
1Y
33.7%
UCG
€71.16
UniCredit
7D
-0.3%
1Y
76.5%

UCG: Earnings Guidance And Profitability Assumptions Will Support Further Upside Potential

Analysts have raised their fair value estimate for UniCredit from €84.30 to €85.70. This reflects recent price target increases to €79 and €76, supported by updated assumptions around revenue growth, profitability, and future P/E levels.
PRY
€85.78
Prysmian
7D
-6.3%
1Y
34.3%

PRY: Future Multiple Compression Will Likely Pressure Returns After Price Target Cuts

Analysts have trimmed their fair value estimate for Prysmian to about €60.90 from roughly €49.23, in line with recent Street price target reductions to €75 and €93 and reflecting updated assumptions for discount rate, modest revenue growth, profit margins, and future P/E. Analyst Commentary Street research on Prysmian currently reflects a more cautious tone, with recent price targets sitting at €75 and €93.
BPE
€12.01
BPER Banca
7D
-1.6%
1Y
90.2%

BPE: Higher Fair Estimate Signals Confidence In Preferred Italian Bank

Analysts have raised their fair value estimate for BPER Banca from €12.10 to about €13.52. This change reflects a series of recent price target increases and broadly supportive views on the stock among covering firms.
BZU
€54.50
Buzzi
7D
5.9%
1Y
51.8%

BZU: CO2 Allowance Changes And Higher €55 Outlook Will Shape Returns

Analysts have nudged their price target on Buzzi higher to €55, up from €52, citing recent research that highlights limited upside at some brokers but an improved target level overall based on updated assumptions around discount rates and earnings multiples. Analyst Commentary Recent research on Buzzi reflects a mixed stance, with some analysts lifting price targets while others temper their enthusiasm on the shares.
FCT
€20.24
Fincantieri
7D
9.7%
1Y
172.5%

FCT: Reshaped U.S. Naval Program Will Support Stronger Long Term Earnings

Analysts have trimmed their price target on Fincantieri to €22.19 from €22.51, reflecting updated assumptions around slightly higher revenue growth, a lower discount rate, softer profit margin expectations and a higher future P/E multiple. What's in the News Fincantieri and the U.S. Navy agreed to reshape the future of the Constellation class program at Fincantieri Marinette Marine in Wisconsin, aligning with a broader fleet review focused on technological excellence, manned and unmanned vessels, and long term sustainability (Key Developments).
ENI
€16.08
Eni
7D
-3.1%
1Y
15.9%

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).
LDO
€58.68
Leonardo
7D
7.8%
1Y
114.2%
TPRO
€14.06
Technoprobe
7D
9.4%
1Y
140.8%
REC
€49.78
Recordati Industria Chimica e Farmaceutica
7D
5.1%
1Y
-5.4%

REC: Shareholder Returns Will Rise As Interim Dividend And Buyback Support Bullish Outlook

Analysts have kept their price target for Recordati Industria Chimica e Farmaceutica broadly unchanged, with only minor adjustments to revenue growth, profit margin and future P/E assumptions, resulting in a stable implied fair value of €60.60 per share. What's in the News The Board of Directors approved an interim dividend for 2025 of €0.63 per share, payable from 26 November 2025, with shareholders needing to be registered by 24 November 2025 to receive it.
G
€34.95
Assicurazioni Generali
7D
-3.3%
1Y
23.7%
ISP
€5.99
Intesa Sanpaolo
7D
-0.8%
1Y
51.2%

ISP: Incremental Actions Will Sustain Earnings Visibility And Balanced Risk Reward Profile

Analysts have nudged their average price target on Intesa Sanpaolo slightly higher to approximately EUR 6.20, reflecting broadly unchanged assumptions on revenue growth, profit margins, and discount rates, and a view that incremental, controllable actions can sustain the bank's leading profitability without the need for revolutionary change. Analyst Commentary Analyst sentiment on Intesa Sanpaolo remains broadly constructive, with most commentators highlighting the bank's solid earnings profile and scope for steady value creation, even as some trim valuation assumptions at the margin.
LTMC
€21.40
Lottomatica Group
7D
-7.5%
1Y
67.4%

LTMC: Higher Earnings Multiple Will Drive Upside As Earnings Visibility Strengthens

Narrative Update Lottomatica Group's analyst price target has been raised from EUR 22.44 to EUR 27.24. This reflects analysts' increased confidence in the company following supportive research highlighting its favorable risk reward profile and sustained earnings potential.
TIT
€0.54
Telecom Italia
7D
4.6%
1Y
109.9%

Telecom Italia S.p.A.'s (BIT:TIT) Price In Tune With Revenues

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Telecom Italia S.p.A.'s (BIT:TIT) Price In Tune With Revenues