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Italian (Borsa Italiana) Market Analysis & Valuation

UpdatedFeb 25, 2026
DataAggregated Company Financials
Companies392
  • 7D1.7%
  • 3M7.2%
  • 1Y20.1%
  • YTD3.0%

Over the past 7 days, the market has risen 1.7% with the Utilities sector contributing the most to the gain. In the last year, the market has climbed 20%. 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
Wed, 25 Feb 2026€1.1t€801.8b€67.4b17.2x16.1x1.4x
Fri, 23 Jan 2026€1.1t€800.5b€65.4b17.3x16.1x1.3x
Sun, 21 Dec 2025€1.0t€801.4b€65.4b16.5x15.9x1.3x
Tue, 18 Nov 2025€1.0t€801.3b€65.4b16.3x15.7x1.3x
Thu, 16 Oct 2025€982.1b€799.6b€64.2b16.8x15.3x1.2x
Sat, 13 Sep 2025€983.8b€799.6b€64.1b17.8x15.3x1.2x
Mon, 11 Aug 2025€961.6b€798.1b€64.1b17.2x15x1.2x
Wed, 09 Jul 2025€927.2b€806.3b€71.7b16.7x12.9x1.1x
Fri, 06 Jun 2025€930.4b€822.9b€71.8b16x13x1.1x
Sun, 04 May 2025€887.9b€810.7b€70.5b14.9x12.6x1.1x
Tue, 01 Apr 2025€879.8b€821.8b€71.3b14.2x12.3x1.1x
Thu, 27 Feb 2025€816.5b€832.8b€73.4b14.2x11.1x1x
Sat, 25 Jan 2025€767.7b€821.2b€75.3b14.1x10.2x0.9x
Mon, 23 Dec 2024€721.1b€832.0b€76.0b13.7x9.5x0.9x
Wed, 20 Nov 2024€712.6b€834.2b€75.5b13.6x9.4x0.9x
Fri, 18 Oct 2024€742.2b€836.9b€75.3b14.2x9.9x0.9x
Sun, 15 Sep 2024€716.9b€836.7b€75.2b13.9x9.5x0.9x
Tue, 13 Aug 2024€704.7b€848.2b€75.5b13.9x9.3x0.8x
Thu, 11 Jul 2024€750.1b€854.1b€79.1b14.2x9.5x0.9x
Sat, 08 Jun 2024€776.5b€868.8b€79.9b14.7x9.7x0.9x
Mon, 06 May 2024€749.5b€868.4b€76.9b14.6x9.7x0.9x
Wed, 03 Apr 2024€778.8b€885.5b€78.7b14.2x9.9x0.9x
Fri, 01 Mar 2024€725.1b€908.2b€78.7b14.1x9.2x0.8x
Sun, 28 Jan 2024€678.6b€920.6b€76.8b15x8.8x0.7x
Tue, 26 Dec 2023€674.7b€921.3b€77.3b14.6x8.7x0.7x
Thu, 23 Nov 2023€641.8b€923.8b€77.3b14.1x8.3x0.7x
Sat, 21 Oct 2023€609.8b€966.4b€74.2b13.6x8.2x0.6x
Mon, 18 Sep 2023€646.8b€963.3b€73.8b15.4x8.8x0.7x
Wed, 16 Aug 2023€637.7b€953.1b€73.4b15.4x8.7x0.7x
Fri, 14 Jul 2023€639.1b€946.9b€69.5b16x9.2x0.7x
Sun, 11 Jun 2023€614.0b€947.7b€77.3b16.3x7.9x0.6x
Tue, 09 May 2023€627.8b€942.6b€76.5b16.2x8.2x0.7x
Thu, 06 Apr 2023€616.7b€943.1b€67.1b15.7x9.2x0.7x
Sat, 04 Mar 2023€635.9b€946.3b€57.5b16.2x11.1x0.7x
Price to Earnings Ratio

11.1x


Total Market Cap: €635.9bTotal Earnings: €57.5bTotal Revenue: €946.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Italian Market Price to Earnings3Y Average 10.9x202420252026
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 16.1x which is higher than its 3-year average PE of 10.9x.
Past Earnings Growth
  • The earnings for Italian listed companies have grown 5.4% per year over the last three years.
  • Meanwhile revenues for these companies have declined 5.4% 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 Market1.69%
Real Estate5.74%
Energy5.02%
Materials3.15%
Utilities2.69%
Industrials1.86%
Consumer Discretionary1.46%
Healthcare1.24%
Consumer Staples1.12%
Financials0.87%
Tech0.026%
Telecom-0.44%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 24.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 17.9%, which is higher than its past year's earnings growth of 5.3% 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 8.6x.
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 3.6% 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
ENEL Enel€9.806.2%
+€5.7b		40.3%PE16xUtilities
TEN Tenaris€22.9210.6%
+€2.2b		29.9%PE14.1xEnergy
LDO Leonardo€59.166.6%
+€2.1b		61.0%PE32.3xIndustrials
MONC Moncler€57.6214.6%
+€2.0b		-10.7%PE25xConsumer Discretionary
ENI Eni€18.753.4%
+€1.9b		32.6%PE21.7xEnergy
See more

Market Insights

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RACE
€316.50
Ferrari
7D
-0.6%
1Y
-33.7%
MONC
€57.62
Moncler
7D
14.6%
1Y
-10.7%
UCG
€72.72
UniCredit
7D
-0.6%
1Y
47.4%

UCG: Execution On Capital Returns And M&A Will Drive Future Upside

We have raised our UniCredit fair value estimate to €83.56 from €74.86, reflecting analysts' higher price targets and assumptions for slightly stronger revenue growth, improved profit margins, and a lower future P/E multiple. Analyst Commentary Bullish Takeaways Bullish analysts are lifting price targets into the high €70s and low €80s, which supports a higher central fair value range for UniCredit and aligns with our updated €83.56 estimate.
TEN
€22.92
Tenaris
7D
10.6%
1Y
29.9%
ENI
€18.75
Eni
7D
3.4%
1Y
32.6%

ENI: Argentina LNG Expansion Will Expose 2026 Plan Risks

The analyst price target for Eni has been nudged slightly higher to €16.76 from €16.70, as analysts factor in updated fair value estimates and minor adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News YPF, Eni and XRG signed a binding Joint Development Agreement for the Argentina LNG project, targeting 12 million tons per annum of LNG capacity through two 6 mtpa floating LNG facilities.
MAIRE
€15.30
Maire
7D
-2.5%
1Y
60.3%

MAIRE: Steady Outlook Will Depend On 2026 Board And Investor Day Milestones

Analysts have nudged their fair value estimate for Maire slightly higher to €14.79 from €14.41, reflecting updated assumptions around the discount rate, revenue growth, profit margin, and a modestly higher future P/E multiple. What's in the News Maire plans an Analyst/Investor Day, giving management a platform to update the market on the business and capital allocation plans (Key Developments).
AMP
€12.91
Amplifon
7D
-4.7%
1Y
-47.6%

AMP: Fair Outlook As Cash Flow Assumptions And P/E Support Balanced Risk

Analysts have modestly raised their price target on Amplifon to €14.00 from €14.00, reflecting slightly adjusted assumptions for the discount rate, revenue growth, and future P/E, while keeping their fair value view unchanged. What's in the News Board meeting scheduled for March 4, 2026, to approve the 2025 consolidated financial statements, the draft Amplifon S.p.A. financial statements at December 31, 2025, the proposed allocation of the 2025 net result, and the 2025 Sustainability Statement (company filing).
UNI
€21.23
Unipol Assicurazioni
7D
9.0%
1Y
52.1%
PRY
€97.86
Prysmian
7D
-0.9%
1Y
54.0%

PRY: Energy Transition Demand Will Support Upside Despite Recent Rating Downgrades

The analyst price target for Prysmian is now set at €112, with the fair value unchanged but a slightly higher discount rate and modestly adjusted growth and margin assumptions. Analysts point to richer valuation and ambitious consensus expectations following recent downgrades and mixed target changes around €92 and above.
PST
€22.87
Poste Italiane
7D
-0.7%
1Y
52.7%

PST: Higher Earnings Quality And Index Inclusions Will Support Future Upside

Analysts have lifted their fair value estimate for Poste Italiane from about €24.50 to roughly €26.18, citing recent price target increases from several major houses and updated assumptions around the discount rate, profit margin and future P/E levels. Analyst Commentary Recent Street research points to a cluster of higher price targets for Poste Italiane, which aligns with the updated fair value estimate of about €26.18.
TISG
€2.18
Italian Sea Group
7D
-48.3%
1Y
-72.3%
ENEL
€9.80
Enel
7D
6.2%
1Y
40.3%

ENEL: Rebased Discount Rate And Investor Day Update Will Shape Outlook

Analysts have nudged their Enel price targets higher, with recent Street research pointing to a few euros of upside per share as they refine assumptions around fair value, discount rates, revenue growth, margins, and future P/E expectations. Analyst Commentary Recent research updates have focused on refining fair value estimates for Enel, with price targets adjusted by around €1.20 to €2.10 per share as analysts revisit their core assumptions.
TIT
€0.65
Telecom Italia
7D
-0.9%
1Y
139.1%

Is Telecom Italia S.p.A. (BIT:TIT) Trading At A 39% Discount?

Feb 16
Is Telecom Italia S.p.A. (BIT:TIT) Trading At A 39% Discount?
ISP
€5.76
Intesa Sanpaolo
7D
0.6%
1Y
24.8%
BAMI
€12.66
Banco BPM
7D
5.4%
1Y
35.1%

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.
LDO
€59.16
Leonardo
7D
6.6%
1Y
61.0%