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Italian (Borsa Italiana) Luxury Industry Analysis

UpdatedMar 31, 2026
DataAggregated Company Financials
Companies19
  • 7D-1.2%
  • 3M-12.8%
  • 1Y-12.0%
  • YTD-12.4%

Over the last 7 days, the Luxury industry has dropped 1.2%, driven by a pullback from Moncler of 2.4%. Meanwhile, Salvatore Ferragamo actually outperformed within the industry, gaining 7.0% in the last week. Overall the industry is down 12% in 12 months. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

Has the Italian Luxury Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Apr 2026€22.5b€10.4b€804.2m19.3x28x2.2x
Fri, 27 Feb 2026€25.5b€10.4b€716.7m21.6x35.6x2.4x
Sun, 25 Jan 2026€23.1b€10.3b€699.1m20.2x33x2.2x
Tue, 23 Dec 2025€26.3b€10.4b€700.0m20.9x37.6x2.5x
Thu, 20 Nov 2025€25.0b€10.4b€700.0m21.4x35.7x2.4x
Sat, 18 Oct 2025€23.9b€10.4b€699.1m22.4x34.2x2.3x
Mon, 15 Sep 2025€23.3b€10.4b€710.5m22.9x32.8x2.2x
Wed, 13 Aug 2025€22.2b€10.4b€689.6m22x32.1x2.1x
Fri, 11 Jul 2025€24.4b€10.4b€749.4m22.7x32.6x2.4x
Sun, 08 Jun 2025€24.5b€10.3b€748.5m22.8x32.7x2.4x
Tue, 06 May 2025€24.7b€10.3b€751.6m18.9x32.8x2.4x
Thu, 03 Apr 2025€25.5b€10.3b€752.0m14.7x33.9x2.5x
Sat, 01 Mar 2025€29.6b€10.6b€844.1m16.9x35.1x2.8x
Mon, 27 Jan 2025€28.1b€10.5b€851.9m13.4x32.9x2.7x
Wed, 25 Dec 2024€23.8b€10.5b€851.9m13x27.9x2.3x
Fri, 22 Nov 2024€21.3b€10.5b€851.0m12.3x25x2x
Sun, 20 Oct 2024€24.6b€10.5b€779.1m13.3x31.5x2.3x
Tue, 17 Sep 2024€22.6b€10.5b€788.2m13.7x28.7x2.2x
Thu, 15 Aug 2024€23.2b€10.4b€784.7m13.2x29.6x2.2x
Sat, 13 Jul 2024€25.7b€10.4b€770.0m11.7x33.3x2.5x
Mon, 10 Jun 2024€26.7b€10.4b€751.4m13.5x35.6x2.6x
Wed, 08 May 2024€29.0b€11.5b€815.4m13.6x35.6x2.5x
Fri, 05 Apr 2024€30.3b€11.6b€810.8m12.7x37.4x2.6x
Sun, 03 Mar 2024€31.5b€11.7b€832.8m14.6x37.8x2.7x
Tue, 30 Jan 2024€26.9b€11.6b€764.1m15.1x35.2x2.3x
Thu, 28 Dec 2023€26.4b€11.6b€764.1m15.1x34.6x2.3x
Sat, 25 Nov 2023€24.2b€11.6b€759.1m15.1x31.9x2.1x
Mon, 23 Oct 2023€24.1b€11.6b€788.6m14.8x30.6x2.1x
Wed, 20 Sep 2023€26.1b€11.6b€790.1m19.4x33x2.3x
Fri, 18 Aug 2023€27.8b€11.4b€761.2m18.5x36.6x2.4x
Sun, 16 Jul 2023€29.6b€11.2b€903.2m17.2x32.8x2.6x
Tue, 13 Jun 2023€29.6b€11.2b€901.9m17.6x32.8x2.6x
Thu, 11 May 2023€29.7b€11.0b€906.6m18.8x32.7x2.7x
Sat, 08 Apr 2023€29.7b€11.1b€923.0m24.2x32.1x2.7x
Price to Earnings Ratio

32.1x


Total Market Cap: €29.7bTotal Earnings: €923.0mTotal Revenue: €11.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Italian Luxury Industry Price to Earnings3Y Average 33x202420252026
Current Industry PE
  • Investors are pessimistic on the Italian Luxury industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 28.0x which is lower than its 3-year average PE of 33.0x.
  • The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Luxury industry have declined 6.1% per year over the last three years,
  • Revenues have also declined 2.3% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Italian Consumer Discretionary industry?

IT Market1.83%
Consumer Discretionary1.83%
Luxury-1.17%
Footwear2.63%
Textiles-0.084%
Apparel, Accessories and Luxury Goods-1.20%
Industry PE
  • Investors are most optimistic about the Apparel, Accessories and Luxury Goods industry even though it's trading below its 3-year average PE ratio of 31.8x.
    • Analysts are expecting annual earnings growth of 12.2%, which is higher than its past year's earnings growth of 8.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Footwear industry, expecting annual earnings growth of 130% over the next 5 years.
  • In contrast, the Apparel, Accessories and Luxury Goods industry is expected to see its earnings grow by 12% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
BC Brunello Cucinelli€74.582.4%
+€118.2m		-30.2%PE37.5x
SFER Salvatore Ferragamo€6.903.9%
+€43.1m		12.6%PS1.2x
OVS OVS€4.453.3%
+€34.7m		37.7%PE23.3x
SFL Safilo Group€1.700.8%
+€5.8m		112.0%PE14.4x
PQ Piquadro€2.594.4%
+€5.2m		30.8%PE10.4x

Latest News

MONC
€51.40
Moncler
7D
-1.7%
1Y
-10.5%

MONC: Recent Rating Upgrades Will Support Premium Earnings Profile Upside

The analyst price target for Moncler has been nudged higher from €59.18 to €61.00 as analysts factor in slightly stronger revenue growth, a marginally higher profit margin, a lower discount rate and recent target hikes from several firms, alongside upgrades to more positive ratings. Analyst Commentary Recent research commentary on Moncler has been skewed toward more positive views, with several firms lifting price targets and, in some cases, upgrading ratings.
OVS
€4.45
OVS
7D
3.3%
1Y
37.7%

OVS: Higher P/E Assumptions Will Support Upside Potential

Analysts have nudged their price target for OVS slightly higher to €5.58. This reflects updated assumptions around revenue growth, profit margins and a modest adjustment to the future P/E multiple.
PTR
€3.09
Pattern
7D
-0.6%
1Y
-40.6%
GEO
€0.26
Geox
7D
4.7%
1Y
-36.1%
BC
€74.58
Brunello Cucinelli
7D
2.4%
1Y
-30.2%

BC: Premium P/E And Overweight Rating Will Support Future Luxury Margin Resilience

The analyst price target for Brunello Cucinelli has edged lower by about €1, to roughly €106, as analysts factor in slightly adjusted fair value, discount rate and future P/E assumptions following recent target trims from €105 to €100 and from €125 to €120, alongside a resumed Overweight stance from another major house. Analyst Commentary Recent research updates show a mixed but generally constructive stance on Brunello Cucinelli, with modest target cuts sitting alongside a resumed positive opinion from a major global bank.
SFL
€1.70
Safilo Group
7D
0.8%
1Y
112.0%

SFL: Board Schedule And Higher P/E Framework Will Support Bullish Outlook

Analysts have slightly raised their price target for Safilo Group to €2.01 from €1.94, reflecting updated assumptions around revenue growth, profit margins, discount rate and future P/E levels. What's in the News A board meeting is scheduled for Jan 28, 2026 to approve preliminary key performance indicators for FY 2025 (company filing).
ECNL
€1.39
Aquafil
7D
-0.9%
1Y
10.0%
PQ
€2.59
Piquadro
7D
4.4%
1Y
30.8%
SFER
€6.90
Salvatore Ferragamo
7D
3.9%
1Y
12.6%
GM
€2.49
Gentili Mosconi
7D
-10.8%
1Y
-18.6%
GML
€0.72
G.M. Leather
7D
-4.0%
1Y
-25.8%
AEF
€0.21
Aeffe
7D
6.6%
1Y
-69.8%
GIS
€1.36
Gismondi 1754
7D
-3.5%
1Y
-33.0%
MNL
€0.85
Monnalisa
7D
-1.8%
1Y
-28.0%
CSP
€0.31
CSP International Fashion Group
7D
3.7%
1Y
4.7%
CLF
€0.80
Caleffi
7D
-0.5%
1Y
-2.4%