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Italian (Borsa Italiana) Market Analysis & Valuation

UpdatedDec 13, 2025
DataAggregated Company Financials
Companies391
  • 7D0.02%
  • 3M2.2%
  • 1Y22.8%
  • YTD24.3%

In the last week, the market has been flat, with a notable exception in the Consumer Discretionary sector dropping 4.5%. Meanwhile, the market is actually up 23% over the past year. Earnings are forecast to grow by 10% annually.

Trending IndustriesSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 13 Dec 2025€1.0t€800.9b€65.5b16.3x15.5x1.3x
Mon, 10 Nov 2025€1.0t€800.9b€64.8b16.5x15.6x1.3x
Wed, 08 Oct 2025€1.0t€799.6b€64.2b17.4x15.7x1.3x
Fri, 05 Sep 2025€969.8b€798.8b€64.1b17.6x15.1x1.2x
Sun, 03 Aug 2025€923.8b€797.3b€64.2b16.5x14.4x1.2x
Tue, 01 Jul 2025€918.2b€823.3b€71.7b16.5x12.8x1.1x
Thu, 29 May 2025€927.6b€821.8b€71.8b15.8x12.9x1.1x
Sat, 26 Apr 2025€863.8b€810.4b€70.7b14.4x12.2x1.1x
Mon, 24 Mar 2025€899.7b€815.3b€71.4b14.5x12.6x1.1x
Wed, 19 Feb 2025€807.7b€834.8b€74.0b14.1x10.9x1x
Fri, 17 Jan 2025€758.5b€821.3b€75.4b14x10.1x0.9x
Sun, 15 Dec 2024€742.1b€832.4b€76.0b14.1x9.8x0.9x
Tue, 12 Nov 2024€729.9b€834.3b€75.4b13.5x9.7x0.9x
Thu, 10 Oct 2024€724.1b€836.7b€75.2b13.9x9.6x0.9x
Sat, 07 Sep 2024€712.2b€848.1b€75.5b14x9.4x0.8x
Mon, 05 Aug 2024€708.3b€844.4b€75.3b14.1x9.4x0.8x
Wed, 03 Jul 2024€750.5b€868.4b€79.8b14.1x9.4x0.9x
Fri, 31 May 2024€775.6b€868.9b€79.9b14.4x9.7x0.9x
Sun, 28 Apr 2024€770.3b€881.9b€77.4b14.5x10x0.9x
Tue, 26 Mar 2024€784.1b€888.8b€78.6b14x10x0.9x
Thu, 22 Feb 2024€697.2b€911.7b€79.4b14.2x8.8x0.8x
Sat, 20 Jan 2024€670.8b€921.6b€77.4b14.7x8.7x0.7x
Mon, 18 Dec 2023€668.1b€921.3b€77.4b14.5x8.6x0.7x
Wed, 15 Nov 2023€649.2b€928.0b€77.4b14.1x8.4x0.7x
Fri, 13 Oct 2023€629.5b€966.5b€74.2b14.4x8.5x0.7x
Sun, 10 Sep 2023€635.3b€962.8b€73.8b15.6x8.6x0.7x
Tue, 08 Aug 2023€637.7b€945.3b€71.5b15.7x8.9x0.7x
Thu, 06 Jul 2023€627.1b€947.2b€69.6b16x9x0.7x
Sat, 03 Jun 2023€614.9b€946.9b€77.2b16.2x8x0.6x
Mon, 01 May 2023€624.3b€947.5b€74.0b16.1x8.4x0.7x
Wed, 29 Mar 2023€600.5b€943.4b€67.1b15.5x8.9x0.6x
Fri, 24 Feb 2023€626.4b€925.5b€57.7b15.8x10.9x0.7x
Sun, 22 Jan 2023€602.9b€913.5b€51.8b16.5x11.6x0.7x
Tue, 20 Dec 2022€556.1b€913.6b€51.9b15.8x10.7x0.6x
Price to Earnings Ratio

10.7x


Total Market Cap: €556.1bTotal Earnings: €51.9bTotal Revenue: €913.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Italian Market Price to Earnings3Y Average 10.6x202320242025
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 15.5x which is higher than its 3-year average PE of 10.6x.
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 Market0.023%
Financials2.33%
Materials1.18%
Industrials0.65%
Consumer Staples0.51%
Healthcare-0.16%
Utilities-1.25%
Telecom-1.53%
Tech-1.53%
Energy-1.63%
Real Estate-3.58%
Consumer Discretionary-4.53%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 18.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 22.2%, which is higher than its past year's earnings growth of 7.4% 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
UCG UniCredit€67.483.7%
+€3.8b		73.3%PB1.5xFinancials
BMPS Banca Monte dei Paschi di Siena€8.177.6%
+€1.7b		22.4%PB0.9xFinancials
ISP Intesa Sanpaolo€5.671.0%
+€973.5m		44.4%PB1.5xFinancials
BPE BPER Banca€10.763.6%
+€736.3m		72.8%PB1.3xFinancials
BAMI Banco BPM€12.383.2%
+€578.8m		57.7%PB1.2xFinancials
See more

Market Insights

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The recent dip in stock prices came on the back of stretched valuations and fears of an AI fueled bubble. This time the nervousness also spilled into the corporate bond market...
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Snam
7D
-2.4%
1Y
28.7%

Snam's (BIT:SRG) Dividend Will Be €0.1208

Dec 12
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PST
€20.53
Poste Italiane
7D
1.4%
1Y
48.3%
PRY
€82.64
Prysmian
7D
-2.8%
1Y
34.0%

PRY: Shares Will Likely Track Balanced Order Execution And Richness Concerns Ahead

Prysmian's analyst price target has been nudged higher by about EUR 1 as analysts factor in slightly stronger long term revenue growth, marginally better profit margins, and a modestly higher future P/E multiple despite some recent target trims and a downgrade on valuation concerns. Analyst Commentary Recent Street research on Prysmian reflects a more nuanced stance, with modest target cuts alongside upgrades to fair value estimates, as analysts recalibrate expectations for growth, margins, and valuation.
ENI
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Eni
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€17.17
Tenaris
7D
-2.7%
1Y
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TEN: Buyback Completion And Interim Dividend Will Support Steady Outlook

Narrative Update on Tenaris Analysts have raised their fair value estimate for Tenaris modestly to approximately $18.67 from about $18.54, citing slightly higher long term revenue growth expectations, a small uplift in projected profit margins, and a marginally richer future price to earnings multiple. What's in the News Tenaris reported completing a major share repurchase program, buying back 33,059,955 shares since June 14, 2025, equivalent to 3.11% of shares outstanding, for a total of $588 million (company filing).
BMPS
€8.17
Banca Monte dei Paschi di Siena
7D
7.6%
1Y
22.4%

BMPS: Index Inclusions Will Support Continued Upward Momentum

Analysts have inched up their price target for Banca Monte dei Paschi di Siena to 9.80 euros from 9.76 euros, citing slightly improved long term profitability assumptions and a modestly higher justified earnings multiple. What's in the News Banca Monte dei Paschi di Siena S.p.A. has been added to the S&P EUROPE 350, signaling broader recognition among large European equities (Key Developments).
BPE
€10.76
BPER Banca
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3.6%
1Y
72.8%

BPE: Index Inclusion And Buyback Plans Will Drive Future Momentum

Analysts have nudged their price target for BPER Banca slightly higher to EUR 12.00, reflecting improved expectations for revenue growth and margins, while noting the bank's growing status as a preferred Italian name despite some valuation driven rating adjustments. Analyst Commentary Recent research updates on BPER Banca highlight a mixed but generally constructive stance, with several firms acknowledging the bank as a preferred Italian banking exposure even as some recommendations moderate on valuation grounds.
UCG
€67.48
UniCredit
7D
3.7%
1Y
73.3%

UCG: Capital Returns And Commerzbank Stake Options Will Shape Future Share Performance

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STLAM
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Stellantis
7D
-3.6%
1Y
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STLAM: U.S. Turnaround Investments And Product Pipeline Will Shape Balanced Outlook

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G
€33.99
Assicurazioni Generali
7D
0.7%
1Y
20.1%

G: Solvency Review Will Shape Capital Optionality And Measured Upside Outlook

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RACE
€313.20
Ferrari
7D
-8.0%
1Y
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RACE: New Share Buyback Plan Will Support Stronger Future Returns

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BAMI
€12.38
Banco BPM
7D
3.2%
1Y
57.7%

BAMI: Diversified Income And Cost Controls Will Support Balanced Outcomes Ahead

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ENEL
€8.72
Enel
7D
-0.6%
1Y
25.6%

ENEL: Shifting Sentiment And Execution Risk Will Influence Medium-Term Outlook

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MONC
€55.98
Moncler
7D
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1Y
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