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

Italian (Borsa Italiana) Market Analysis & Valuation

UpdatedMar 10, 2026
DataAggregated Company Financials
Companies392
  • 7D-5.1%
  • 3M0.2%
  • 1Y14.4%
  • YTD-3.1%

Over the last 7 days, the market has dropped 6.4%, driven by a pullback of 9.3% in the Financials sector. In the last year, the market is actually up 14%. Looking forward, 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
Tue, 10 Mar 2026€1.0t€807.4b€44.0b16.1x23.2x1.3x
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
Price to Earnings Ratio

10.4x


Total Market Cap: €594.6bTotal Earnings: €57.4bTotal Revenue: €950.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Italian Market Price to Earnings3Y Average 11x202420252026
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 23.3x which is higher than its 3-year average PE of 11.0x.
Past Earnings Growth
  • The earnings for companies in the Italian industry have declined 8.4% per year over the last three years.
  • Revenues have also declined 5.2% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Sector Trends

Which sectors have driven the changes within the Italian Market?

IT Market-5.06%
Energy1.31%
Consumer Staples0.0034%
Industrials-2.10%
Tech-4.44%
Healthcare-4.45%
Consumer Discretionary-4.67%
Utilities-5.23%
Real Estate-5.92%
Telecom-5.97%
Materials-6.40%
Financials-7.26%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 36.1x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 34.1% which is higher than its past year's earnings decline of 4.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 34% over the next 5 years.
  • This is better than its past earnings decline of 4.9% per year.
  • In contrast, the Utilities sector is expected to see its earnings grow by 3.7% 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€62.487.3%
+€2.5b		45.3%PE34.1xIndustrials
ENI Eni€21.003.1%
+€1.8b		54.0%PE23.7xEnergy
LTMC Lottomatica Group€24.6220.3%
+€1.0b		47.7%PE35.5xConsumer Discretionary
CPR Davide Campari-Milano€6.332.7%
+€199.3m		-1.0%PE22xConsumer Staples
REY Reply€94.705.0%
+€169.6m		-38.2%PE13.4xTech
See more

Market Insights

Header cover image
What the next 25 years will look like 🔮
Richard Bowman avatar
Richard Bowman
The first 25 years of this century were shaped by a few notable themes: China, Tech, and low interest rates. Let's now look at the themes shaping the next quarter of the century.
Continue reading
Three contrarian investing ideas for a new market

Latest News

PRY
€97.02
Prysmian
7D
-6.1%
1Y
84.1%
MB
€15.39
Mediobanca Banca di Credito Finanziario
7D
-14.9%
1Y
-9.9%
ENEL
€9.39
Enel
7D
-6.0%
1Y
35.3%
CPR
€6.33
Davide Campari-Milano
7D
2.7%
1Y
-1.0%
AVIO
€37.50
Avio
7D
7.3%
1Y
105.8%
RACE
€295.00
Ferrari
7D
-4.3%
1Y
-27.5%

RACE: Measured Outlook Will Balance Dividend Plans And Updated Earnings Guidance

Analysts have revised their price target on Ferrari to €310 from €380, reflecting updated assumptions around a lower discount rate, more measured revenue growth, slightly higher profit margins, and a reduced future P/E multiple. What’s in the News Ferrari plans to recommend a dividend of €3.615 per common share for approval at the April 15, 2026 AGM.
LTMC
€24.62
Lottomatica Group
7D
20.3%
1Y
47.7%
BMPS
€7.05
Banca Monte dei Paschi di Siena
7D
-13.1%
1Y
2.3%
ENI
€21.00
Eni
7D
3.1%
1Y
54.0%

Gas And LNG Expansion Will Anchor A Stronger Long Term Outlook

Catalysts About Eni Eni is an integrated energy company with upstream oil and gas operations and growing activities in renewables, biofuels, low carbon solutions and related energy services. What are the underlying business or industry changes driving this perspective?
ISP
€5.21
Intesa Sanpaolo
7D
-7.1%
1Y
8.7%
G
€32.90
Assicurazioni Generali
7D
-5.8%
1Y
3.1%

G: Renewed Buy Coverage And Refined Assumptions Will Guide Measured Future Upside

Narrative Update on Assicurazioni Generali Analysts have nudged their price target on Assicurazioni Generali higher to about €36.50 from roughly €35.90, citing resumed positive coverage and recent target increases from the Street as support for a slightly richer valuation multiple, along with modestly adjusted growth and risk assumptions. Analyst Commentary Recent Street views on Assicurazioni Generali have centered on refreshed coverage and revised price targets that align with a slightly higher valuation framework.
UCG
€65.09
UniCredit
7D
-7.3%
1Y
26.2%

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.
REY
€94.70
Reply
7D
5.0%
1Y
-38.2%

The nimble tech network turning innovation into profits

Reply is a European IT consulting and digital transformation group that works as a network of specialised teams that focus on key tech trends like AI, cloud computing, data platforms and cybersecurity. This model makes it feel more like a group of focused experts than a classic consultancy, and that seems to help it stay flexible, innovative and closer to the real needs of clients.
MOL
€34.00
Moltiply Group
7D
4.6%
1Y
-2.9%
ARN
€19.84
Alerion Clean Power
7D
7.1%
1Y
59.5%
LDO
€62.48
Leonardo
7D
7.3%
1Y
45.3%