Narrative Update • May 11
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Italian (Borsa Italiana) Luxury Industry Analysis
UpdatedMay 16, 2026
DataAggregated Company Financials
Companies19
- 7D-8.3%
- 3M-3.2%
- 1Y-14.6%
- YTD-11.2%
Over the last 7 days, the Luxury industry has dropped 5.2%, driven by a pullback from Moncler of 8.8%. In contrast, Fope has gained 6.6%. However, the industry is down 10% over the past year. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 16 May 2026 | €22.8b | €10.4b | €807.3m | 20.8x | 28.2x | 2.2x |
| Mon, 13 Apr 2026 | €24.4b | €10.4b | €803.3m | 20.5x | 30.4x | 2.4x |
| Wed, 11 Mar 2026 | €23.7b | €10.4b | €716.7m | 20.1x | 33x | 2.3x |
| Fri, 06 Feb 2026 | €22.8b | €10.3b | €699.1m | 20x | 32.6x | 2.2x |
| Sun, 04 Jan 2026 | €25.7b | €10.3b | €699.0m | 20.8x | 36.7x | 2.5x |
| Tue, 02 Dec 2025 | €26.1b | €10.4b | €700.0m | 21.8x | 37.2x | 2.5x |
| Thu, 30 Oct 2025 | €24.0b | €10.4b | €699.1m | 22.7x | 34.3x | 2.3x |
| Sat, 27 Sep 2025 | €22.3b | €10.5b | €704.7m | 21.5x | 31.6x | 2.1x |
| Mon, 25 Aug 2025 | €23.2b | €10.4b | €689.8m | 22.5x | 33.6x | 2.2x |
| Wed, 23 Jul 2025 | €23.6b | €10.4b | €749.3m | 22.1x | 31.5x | 2.3x |
| Fri, 20 Jun 2025 | €22.7b | €10.4b | €749.5m | 21.9x | 30.3x | 2.2x |
| Sun, 18 May 2025 | €26.5b | €10.3b | €748.5m | 20.7x | 35.3x | 2.6x |
| Tue, 15 Apr 2025 | €23.9b | €10.3b | €751.3m | 13.1x | 31.8x | 2.3x |
| Thu, 13 Mar 2025 | €27.2b | €10.5b | €748.7m | 12x | 36.4x | 2.6x |
| Sat, 08 Feb 2025 | €28.1b | €10.5b | €851.9m | 16.5x | 32.9x | 2.7x |
| Mon, 06 Jan 2025 | €23.5b | €10.5b | €851.9m | 13.2x | 27.6x | 2.2x |
| Wed, 04 Dec 2024 | €21.9b | €10.5b | €851.9m | 13.3x | 25.7x | 2.1x |
| Fri, 01 Nov 2024 | €23.3b | €10.5b | €789.4m | 12.9x | 29.5x | 2.2x |
| Sun, 29 Sep 2024 | €25.3b | €10.5b | €783.6m | 14x | 32.3x | 2.4x |
| Tue, 27 Aug 2024 | €24.6b | €10.4b | €784.7m | 13.7x | 31.3x | 2.4x |
| Thu, 25 Jul 2024 | €23.9b | €10.4b | €770.0m | 11.9x | 31x | 2.3x |
| Sat, 22 Jun 2024 | €25.1b | €10.4b | €770.0m | 12x | 32.7x | 2.4x |
| Mon, 20 May 2024 | €29.0b | €11.5b | €803.7m | 14.1x | 36.1x | 2.5x |
| Wed, 17 Apr 2024 | €29.3b | €11.6b | €804.8m | 12.9x | 36.4x | 2.5x |
| Fri, 15 Mar 2024 | €32.4b | €11.6b | €821.7m | 14.6x | 39.4x | 2.8x |
| Sun, 11 Feb 2024 | €28.2b | €11.5b | €761.7m | 15.3x | 37x | 2.4x |
| Tue, 09 Jan 2024 | €25.3b | €11.6b | €764.1m | 14.9x | 33.1x | 2.2x |
| Thu, 07 Dec 2023 | €24.3b | €11.6b | €763.3m | 15.1x | 31.8x | 2.1x |
| Sat, 04 Nov 2023 | €24.3b | €11.6b | €788.6m | 15.6x | 30.8x | 2.1x |
| Mon, 02 Oct 2023 | €25.0b | €11.6b | €789.5m | 17.1x | 31.7x | 2.1x |
| Wed, 30 Aug 2023 | €28.1b | €11.4b | €761.2m | 18.4x | 36.9x | 2.5x |
| Fri, 28 Jul 2023 | €27.8b | €11.2b | €903.2m | 17.2x | 30.8x | 2.5x |
| Sun, 25 Jun 2023 | €28.6b | €11.2b | €903.2m | 16.6x | 31.6x | 2.6x |
| Tue, 23 May 2023 | €29.5b | €11.1b | €902.3m | 17.8x | 32.7x | 2.7x |
Price to Earnings Ratio
32.7x
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 29.2x which is lower than its 3-year average PE of 32.8x.
- 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 3.6% per year over the last three years,
- Revenues have also declined 2.2% 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 Market | -0.36% | |
| Consumer Discretionary | -3.24% | |
| Luxury | -8.33% | |
| Textiles | -0.85% | |
| Apparel, Accessories and Luxury Goods | -8.40% | |
| Footwear | -9.01% | |
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 31.7x.
- Analysts are expecting annual earnings growth of 12.5%, 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 103% 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| FPE Fope | €42.00 | 6.6% +€14.1m | 31.3% | PE20.1x | |
| GM Gentili Mosconi | €3.08 | 4.8% +€2.8m | 28.9% | PS1.1x | |
| MNL Monnalisa | €0.67 | 3.4% +€136.8k | -51.6% | PS0.1x | |
| ZUC Vincenzo Zucchi | €0.61 | 0.8% +€126.7k | -36.2% | n/a | |
| GIS Gismondi 1754 | €1.42 | 1.4% +€81.8k | -36.0% | PE22.9x |