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Italian (Borsa Italiana) Market Analysis & Valuation

UpdatedMay 31, 2026
DataAggregated Company Financials
Companies385
  • 7D1.0%
  • 3M4.9%
  • 1Y19.4%
  • YTD7.1%

Over the last 7 days, the market has remained flat, although notably the Materials sector gained 4.0% in that time. More promisingly, the market is up 19% over the past year. Looking forward, earnings are forecast to grow by 11% annually.

Trending IndustriesSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 01 Jun 2026€1.1t€816.9b€43.3b17.5x25.8x1.4x
Wed, 29 Apr 2026€1.1t€809.5b€42.6b16.8x25.5x1.3x
Fri, 27 Mar 2026€1.0t€810.9b€42.9b15.5x23.5x1.2x
Sun, 22 Feb 2026€1.1t€801.8b€67.4b17.3x16x1.3x
Tue, 20 Jan 2026€1.1t€800.6b€65.4b17.2x16.5x1.3x
Thu, 18 Dec 2025€1.0t€801.2b€65.4b16.5x15.7x1.3x
Sat, 15 Nov 2025€1.0t€801.1b€65.2b16.4x15.8x1.3x
Mon, 13 Oct 2025€988.7b€799.5b€64.2b17.1x15.4x1.2x
Wed, 10 Sep 2025€970.6b€798.8b€64.1b17.6x15.1x1.2x
Fri, 08 Aug 2025€958.7b€798.5b€63.9b17.2x15x1.2x
Sun, 06 Jul 2025€913.0b€806.3b€71.7b16.6x12.7x1.1x
Tue, 03 Jun 2025€925.4b€822.7b€71.8b15.8x12.9x1.1x
Thu, 01 May 2025€872.7b€810.8b€70.8b14.4x12.3x1.1x
Sat, 29 Mar 2025€894.3b€823.7b€71.4b14.4x12.5x1.1x
Mon, 24 Feb 2025€800.0b€832.9b€73.4b14.3x10.9x1x
Wed, 22 Jan 2025€764.2b€821.4b€75.4b14x10.1x0.9x
Fri, 20 Dec 2024€721.4b€832.1b€76.0b13.7x9.5x0.9x
Sun, 17 Nov 2024€728.1b€834.3b€75.6b13.7x9.6x0.9x
Tue, 15 Oct 2024€729.0b€836.6b€75.3b14x9.7x0.9x
Thu, 12 Sep 2024€708.8b€836.8b€75.3b14.3x9.4x0.8x
Sat, 10 Aug 2024€701.7b€846.0b€75.6b13.9x9.3x0.8x
Mon, 08 Jul 2024€746.5b€855.0b€79.1b14.4x9.4x0.9x
Wed, 05 Jun 2024€771.3b€868.9b€79.9b14.4x9.7x0.9x
Fri, 03 May 2024€751.8b€870.1b€76.7b14.4x9.8x0.9x
Sun, 31 Mar 2024€786.6b€885.6b€78.7b14.1x10x0.9x
Tue, 27 Feb 2024€728.0b€911.1b€78.6b14.3x9.3x0.8x
Thu, 25 Jan 2024€675.0b€921.7b€77.4b14.9x8.7x0.7x
Sat, 23 Dec 2023€674.6b€921.3b€77.3b14.6x8.7x0.7x
Mon, 20 Nov 2023€648.9b€923.7b€77.3b14.3x8.4x0.7x
Wed, 18 Oct 2023€626.2b€966.5b€74.2b13.8x8.4x0.6x
Fri, 15 Sep 2023€646.5b€963.2b€73.8b15.5x8.8x0.7x
Sun, 13 Aug 2023€634.8b€951.5b€73.2b15.4x8.7x0.7x
Tue, 11 Jul 2023€621.0b€947.2b€69.6b16x8.9x0.7x
Thu, 08 Jun 2023€614.7b€945.8b€77.3b16.2x8x0.6x
Price to Earnings Ratio

8x


Total Market Cap: €614.7bTotal Earnings: €77.3bTotal Revenue: €945.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Italian Market Price to Earnings3Y Average 12.2x202420252026
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 25.8x which is higher than its 3-year average PE of 12.2x.
Past Earnings Growth
  • The earnings for companies in the Italian industry have declined 18% per year over the last three years.
  • Revenues have also declined 4.8% 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 Market0.96%
Materials4.05%
Real Estate2.35%
Financials2.17%
Industrials1.75%
Healthcare1.71%
Consumer Discretionary1.49%
Telecom0.87%
Tech0.64%
Consumer Staples0.48%
Utilities-1.05%
Energy-2.78%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 37.3x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 35.6%, which is higher than its past year's earnings growth of 14.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 36% over the next 5 years.
  • This is better than its past earnings growth rate of 15% per year.
  • In contrast, the Materials sector is expected to see its earnings grow by 5.8% 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
ISP Intesa Sanpaolo€5.813.4%
+€3.3b		18.3%PB1.5xFinancials
UCG UniCredit€74.243.0%
+€3.2b		31.3%PB1.6xFinancials
BMPS Banca Monte dei Paschi di Siena€9.235.9%
+€1.6b		26.9%PB1xFinancials
LDO Leonardo€54.424.0%
+€1.2b		0.4%PE24.3xIndustrials
MONC Moncler€55.868.4%
+€1.2b		1.5%PE24.2xConsumer Discretionary
See more

Market Insights

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Latest News

ENI
€22.53
Eni
7D
-3.3%
1Y
73.7%
STLAM
€6.87
Stellantis
7D
5.5%
1Y
-23.4%
BZU
€46.50
Buzzi
7D
6.3%
1Y
2.8%
Narrative Update • May 28

BZU: Mixed Rating Shifts And Buybacks Will Shape Fairly Priced Outlook

Analysts now frame Buzzi with a revised price target of €45, down from earlier levels, reflecting recent cuts from several firms, even as underlying model inputs such as forecast revenue growth, profit margin and future P/E assumptions have been adjusted. Analyst Commentary Recent research updates on Buzzi show a mixed but cautious tone, with several bearish analysts trimming price targets and flagging possible downside risks, even as others turn more constructive.
ISP
€5.81
Intesa Sanpaolo
7D
3.4%
1Y
18.3%
Narrative Update • May 26

ISP: 2026 Earnings Power Will Rely On Fees Insurance And Cost Discipline

Analysts have nudged the fair value estimate for Intesa Sanpaolo higher to €6.73 from €6.61, reflecting updated assumptions on discount rates, profitability and future P/E in the wake of recent price target changes. These include JPMorgan lifting its target to €7.10, while Morgan Stanley trims its own to €6.80.
RACE
€295.20
Ferrari
7D
-2.1%
1Y
-29.9%
Narrative Update • May 25

RACE: 2026 Revenue Guidance And Dividend Plans Will Support Measured Outlook

Analysts have adjusted their fair value estimate for Ferrari to €290, down from €300, reflecting updated views on discount rates, long term revenue growth, margins, and future P/E assumptions. What's in the News Ferrari confirmed full year 2026 net revenue guidance of about €7.50b, providing a clearer view of the company’s targeted scale for that period (Corporate guidance).
G
€38.71
Assicurazioni Generali
7D
-0.6%
1Y
20.8%
New Narrative • May 25

AI Transformation And Capital Light Life Portfolio Will Support Long Term Earnings Resilience

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LDO
€54.42
Leonardo
7D
4.0%
1Y
0.4%
Narrative Update • May 25

LDO: Leadership Shift And Portfolio Changes Will Drive Future Earnings Momentum

Leonardo's implied fair value has been revised higher from €64.00 to about €80.22, reflecting analysts' updated price targets and mixed rating changes that balance recent target cuts, such as JPMorgan's move to €70, with several earlier increases from firms like Citi, UBS, Morgan Stanley and Barclays. Analyst Commentary Recent research activity on Leonardo highlights a mix of price target revisions and rating changes that collectively point to a supportive backdrop from several bullish analysts, even as JPMorgan trims its target to €70 while maintaining an Overweight stance.
TEN
€26.09
Tenaris
7D
-1.3%
1Y
76.6%
UCG
€74.24
UniCredit
7D
3.0%
1Y
31.3%
Narrative Update • May 23

UCG: Lower Discount Rate And 2026 Profit Guidance Will Support Upside

The updated analyst price target for UniCredit has increased to €84.02 from €82.57, reflecting refreshed views on discount rates, margins and P/E assumptions as analysts digest recent mixed target revisions from major banks. Analyst Commentary Recent research on UniCredit has been mixed, with several major firms adjusting their price targets in both directions over a short time frame.
PRY
€148.00
Prysmian
7D
-1.2%
1Y
161.5%
Narrative Update • May 22

PRY: Richer P/E Assumptions Will Likely Restrain Future Share Returns

Analysts have increased the Prysmian price target from about €67.60 to €90.00, citing recent target hikes from multiple banks and updated assumptions that include a higher discount rate, slightly adjusted profit margin expectations, an outlook for higher revenue growth, and a higher future P/E multiple. Analyst Commentary Recent Street research on Prysmian includes several higher price targets and refreshed assumptions on discount rates, margins, and revenue potential.
ENEL
€9.63
Enel
7D
-0.8%
1Y
19.0%
SRG
€6.27
Snam
7D
-1.9%
1Y
19.0%
Analysis Article • May 16

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BMPS
€9.23
Banca Monte dei Paschi di Siena
7D
5.9%
1Y
26.9%
Narrative Update • May 15

BMPS: Fair View Will Depend On Governance Stability And Execution Risks

Analysts have nudged their price target on Banca Monte dei Paschi di Siena slightly higher to about €9.21 per share, citing updated assumptions around fair value, discount rates, revenue growth and profit margins following recent bullish research coverage. Analyst Commentary While the headline price target of about €9.21 per share reflects updated assumptions on fair value, not every analyst is leaning in the same direction.
MB
€22.19
Mediobanca Banca di Credito Finanziario
7D
5.7%
1Y
6.1%
MONC
€55.86
Moncler
7D
8.4%
1Y
1.5%
TGYM
€17.81
Technogym
7D
-11.4%
1Y
49.3%