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

Italian (Borsa Italiana) Market Analysis & Valuation

UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies392
  • 7D2.8%
  • 3M7.4%
  • 1Y25.2%
  • YTD2.7%

Over the last 7 days, the market has risen 1.9%, driven by gains of 3.1% in the Financials sector. The market is up 24% over the last 12 months. 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
Thu, 05 Feb 2026€1.1t€800.3b€65.5b17.4x16.5x1.4x
Sat, 03 Jan 2026€1.1t€800.8b€65.4b16.9x16.1x1.3x
Mon, 01 Dec 2025€1.0t€801.2b€65.5b16.2x15.5x1.3x
Wed, 29 Oct 2025€1.0t€799.6b€64.7b17.2x15.7x1.3x
Fri, 26 Sep 2025€984.2b€799.9b€64.2b17.7x15.3x1.2x
Sun, 24 Aug 2025€996.7b€798.7b€64.1b17.8x15.6x1.2x
Tue, 22 Jul 2025€930.8b€806.5b€71.7b17.1x13x1.2x
Thu, 19 Jun 2025€910.9b€823.3b€71.8b16x12.7x1.1x
Sat, 17 May 2025€935.5b€821.5b€71.8b15.8x13x1.1x
Mon, 14 Apr 2025€794.2b€814.6b€71.0b14x11.2x1x
Wed, 12 Mar 2025€800.2b€812.2b€67.9b13.9x11.8x1x
Fri, 07 Feb 2025€784.0b€834.5b€75.3b14.1x10.4x0.9x
Sun, 05 Jan 2025€729.7b€821.3b€75.4b14.2x9.7x0.9x
Tue, 03 Dec 2024€712.3b€832.0b€75.9b13.5x9.4x0.9x
Thu, 31 Oct 2024€727.6b€836.6b€74.0b13.9x9.8x0.9x
Sat, 28 Sep 2024€739.1b€836.8b€75.1b14.3x9.8x0.9x
Mon, 26 Aug 2024€721.2b€848.0b€75.5b14.1x9.6x0.9x
Wed, 24 Jul 2024€759.3b€854.0b€79.1b14.5x9.6x0.9x
Fri, 21 Jun 2024€753.5b€868.6b€79.9b14x9.4x0.9x
Sun, 19 May 2024€787.7b€860.9b€79.0b15x10x0.9x
Tue, 16 Apr 2024€769.9b€979.0b€83.9b14.4x9.2x0.8x
Thu, 14 Mar 2024€767.4b€898.4b€79.2b13.9x9.7x0.9x
Sat, 10 Feb 2024€677.8b€921.4b€80.1b14.1x8.5x0.7x
Mon, 08 Jan 2024€677.2b€921.6b€77.4b15x8.8x0.7x
Wed, 06 Dec 2023€658.9b€923.5b€77.3b14.3x8.5x0.7x
Fri, 03 Nov 2023€632.3b€947.9b€71.2b13.8x8.9x0.7x
Sun, 01 Oct 2023€628.6b€965.1b€73.8b14.7x8.5x0.7x
Tue, 29 Aug 2023€638.7b€962.4b€73.7b15.5x8.7x0.7x
Thu, 27 Jul 2023€638.9b€943.0b€69.6b15.6x9.2x0.7x
Sat, 24 Jun 2023€610.0b€947.9b€77.2b15.9x7.9x0.6x
Mon, 22 May 2023€624.2b€946.4b€77.2b15.7x8.1x0.7x
Wed, 19 Apr 2023€638.2b€960.8b€74.3b16.2x8.6x0.7x
Fri, 17 Mar 2023€594.6b€950.4b€57.4b15.2x10.4x0.6x
Sun, 12 Feb 2023€627.4b€918.9b€56.8b15.9x11x0.7x
Price to Earnings Ratio

11x


Total Market Cap: €627.4bTotal Earnings: €56.8bTotal Revenue: €918.9bTotal 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 16.4x which is higher than its 3-year average PE of 10.8x.
Past Earnings Growth
  • The earnings for Italian listed companies have grown 4.9% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.5% 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 Market1.88%
Financials3.15%
Consumer Staples2.93%
Energy2.76%
Real Estate1.88%
Healthcare1.79%
Utilities1.48%
Telecom0.55%
Industrials0.33%
Consumer Discretionary0.069%
Materials-0.82%
Tech-2.98%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 22.8x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 19.1%, which is higher than its past year's earnings growth of 8.2% 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 3.4% 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
UCG UniCredit€76.215.5%
+€6.2b		70.8%PB1.7xFinancials
ISP Intesa Sanpaolo€6.134.4%
+€4.5b		45.1%PB1.6xFinancials
ENEL Enel€9.533.3%
+€3.0b		37.1%PE15.6xUtilities
G Assicurazioni Generali€35.605.6%
+€2.8b		16.2%PE13.9xFinancials
MB Mediobanca Banca di Credito Finanziario€18.9512.4%
+€1.7b		19.4%PB1.4xFinancials
See more

Market Insights

Header cover image
Why longer lifespans could reshape portfolios 🧓
Stella Ong avatar
Stella Ong
|
|
There’s the Great Wealth Transfer and Longevity Effect. Here’s how our changing demographic and wealth is set to shape future markets.
Continue reading
How to invest when commodity prices get messy ⚖️
Last Week

How to invest when commodity prices get messy ⚖️

Latest News

BFF
€4.70
BFF Bank
7D
-41.9%
1Y
-41.8%
STLAM
€8.66
Stellantis
7D
6.0%
1Y
-31.0%
ISP
€6.13
Intesa Sanpaolo
7D
4.4%
1Y
45.1%
ENEL
€9.53
Enel
7D
3.3%
1Y
37.1%

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.
FCT
€15.59
Fincantieri
7D
-6.9%
1Y
106.2%

Long-Dated Backlog And Naval Demand Will Support A Stronger Future Narrative

Catalysts About Fincantieri Fincantieri is a global shipbuilding group that designs and constructs cruise ships, naval vessels, underwater systems and offshore and specialized vessels, supported by equipment, systems and infrastructure activities. What are the underlying business or industry changes driving this perspective?
UCG
€76.21
UniCredit
7D
5.5%
1Y
70.8%
TIT
€0.58
Telecom Italia
7D
-1.9%
1Y
109.6%

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

Jan 29
The Returns At Telecom Italia (BIT:TIT) Aren't Growing
BZU
€47.86
Buzzi
7D
-2.4%
1Y
21.7%

Buzzi S.p.A.'s (BIT:BZU) Intrinsic Value Is Potentially 25% Below Its Share Price

Jan 28
Buzzi S.p.A.'s (BIT:BZU) Intrinsic Value Is Potentially 25% Below Its Share Price
MB
€18.95
Mediobanca Banca di Credito Finanziario
7D
12.4%
1Y
19.4%

MB: Future Upside Will Depend On Steady Earnings And Risk Profile

Analysts have nudged their price target for Mediobanca Banca di Credito Finanziario slightly higher to €19.53 from €19.53, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E, without any new published Street research driving the change. Valuation Changes Fair Value: The model price estimate is essentially unchanged, moving from €19.525 to €19.53 per share.
G
€35.60
Assicurazioni Generali
7D
5.6%
1Y
16.2%

G: Margin Resilience And P/E Assumptions Will Guide Measured Future Upside

Analysts have lifted their fair value estimate for Assicurazioni Generali to about €35.80 from roughly €35.31, in line with a recent Street price target increase to €38.50. They cited updated assumptions on growth, discount rate and future P/E multiples.
ENI
€17.57
Eni
7D
2.9%
1Y
27.8%

ENI: 2026 Plan And Production Guidance Will Support A Balanced Outlook

Analysts have raised their price target for Eni to €16.64 from €16.53, reflecting small adjustments to fair value, discount rate, revenue growth, profit margin and future P/E assumptions in their models. What's in the News Board meeting on Feb 25, 2026 to review preliminary financial statements as at Dec 31, 2025 and consider a resolution on distribution of reserves in place of the 2025 dividend (Key Developments).
NEXI
€3.50
Nexi
7D
-4.3%
1Y
-24.7%

NEXI: Index Removals And Reset Expectations Will Support Future Repricing Potential

Analysts have trimmed their price targets on Nexi, with one recent move taking the figure down to €3.85 from €4.75. This change reflects updated views on the company’s risk profile, earnings outlook and valuation assumptions.
RACE
€289.40
Ferrari
7D
3.1%
1Y
-34.8%

RACE: Buybacks And Premium Partnerships Will Drive Future Capital Returns

Analysts have kept their fair value estimate for Ferrari steady at US$435.00, indicating that only minor adjustments to assumptions on discount rate, revenue growth, profit margin and future P/E do not materially change their overall view on the stock. What's in the News Ferrari completed a share buyback program announced on June 16, 2022, repurchasing a total of 6,015,933 shares, or 3.34% of its share capital, for €2,000 million.
TPRO
€15.00
Technoprobe
7D
-5.9%
1Y
139.8%
REY
€100.60
Reply
7D
-9.5%
1Y
-36.4%
LDO
€53.70
Leonardo
7D
-7.0%
1Y
78.8%