Narrative Update • Sep 09
Have your own idea? Try our Stock Screener
- 7D1.2%
- 3M-8.1%
- 1Y64.9%
- YTD51.4%
In the last week, the Energy Services industry is up 5.2%, with Tenaris up 4.6%. In the last 12 months, the industry was up 63%. Earnings are forecast to grow by 7.7% annually.
Industry Valuation and Performance
Has the Italian Energy Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 13 Sep 2026 | €34.2b | €26.8b | €2.0b | 27.4x | 17.5x | 1.3x |
| Tue, 11 Aug 2026 | €33.0b | €26.8b | €2.0b | 27x | 16.9x | 1.2x |
| Thu, 09 Jul 2026 | €34.1b | €26.9b | €2.1b | 26.4x | 16.5x | 1.3x |
| Sat, 06 Jun 2026 | €36.9b | €26.8b | €2.1b | 26.6x | 17.9x | 1.4x |
| Mon, 04 May 2026 | €37.4b | €26.5b | €2.0b | 26.4x | 18.7x | 1.4x |
| Wed, 01 Apr 2026 | €34.4b | €26.6b | €2.0b | 24.7x | 17.1x | 1.3x |
| Fri, 27 Feb 2026 | €31.1b | €26.4b | €2.0b | 22x | 15.7x | 1.2x |
| Sun, 25 Jan 2026 | €26.1b | €26.1b | €2.0b | 18x | 12.8x | 1x |
| Tue, 23 Dec 2025 | €22.7b | €26.2b | €2.1b | 15.1x | 11x | 0.9x |
| Thu, 20 Nov 2025 | €23.7b | €26.3b | €2.1b | 13.9x | 11.4x | 0.9x |
| Sat, 18 Oct 2025 | €20.8b | €26.1b | €2.1b | 13.7x | 10x | 0.8x |
| Mon, 15 Sep 2025 | €21.3b | €26.0b | €2.1b | 14.2x | 10.3x | 0.8x |
| Wed, 13 Aug 2025 | €21.1b | €26.0b | €2.1b | 13.8x | 10.2x | 0.8x |
| Fri, 11 Jul 2025 | €22.3b | €25.9b | €1.9b | 12.4x | 11.7x | 0.9x |
| Sun, 08 Jun 2025 | €21.3b | €26.1b | €1.9b | 13.9x | 11x | 0.8x |
| Tue, 06 May 2025 | €20.0b | €26.2b | €2.0b | 9.9x | 10.3x | 0.8x |
| Thu, 03 Apr 2025 | €23.8b | €26.7b | €2.2b | 10.4x | 10.7x | 0.9x |
| Sat, 01 Mar 2025 | €24.0b | €27.0b | €2.3b | 14.1x | 10.6x | 0.9x |
| Mon, 27 Jan 2025 | €24.9b | €26.5b | €2.8b | 15.4x | 8.8x | 0.9x |
| Wed, 25 Dec 2024 | €24.6b | €26.6b | €2.9b | 15.8x | 8.6x | 0.9x |
| Fri, 22 Nov 2024 | €24.4b | €26.5b | €2.8b | 15.1x | 8.6x | 0.9x |
| Sun, 20 Oct 2024 | €20.2b | €25.7b | €2.8b | 14.8x | 7.2x | 0.8x |
| Tue, 17 Sep 2024 | €18.2b | €25.3b | €2.7b | 14.6x | 6.7x | 0.7x |
| Thu, 15 Aug 2024 | €19.0b | €25.5b | €2.8b | 18x | 6.9x | 0.7x |
| Sat, 13 Jul 2024 | €20.9b | €25.7b | €3.5b | 19.4x | 6x | 0.8x |
| Mon, 10 Jun 2024 | €21.4b | €25.8b | €3.5b | 17.9x | 6.1x | 0.8x |
| Wed, 08 May 2024 | €22.7b | €25.9b | €3.5b | 17.8x | 6.4x | 0.9x |
| Fri, 05 Apr 2024 | €26.1b | €25.9b | €3.8b | 24.3x | 6.9x | 1x |
| Sun, 03 Mar 2024 | €19.2b | €14.1b | €3.6b | 11.2x | 5.3x | 1.4x |
| Tue, 30 Jan 2024 | €20.6b | €25.6b | €3.3b | 11.4x | 6.3x | 0.8x |
| Thu, 28 Dec 2023 | €21.9b | €25.2b | €3.2b | 12.5x | 6.9x | 0.9x |
| Sat, 25 Nov 2023 | €21.3b | €25.4b | €3.2b | 9.9x | 6.6x | 0.8x |
| Mon, 23 Oct 2023 | €21.1b | €25.5b | €3.3b | 10.1x | 6.3x | 0.8x |
| Wed, 20 Sep 2023 | €21.3b | €25.3b | €3.3b | 19.1x | 6.5x | 0.8x |
Price to Earnings Ratio
6.5x
Current Industry PE
- Investors are optimistic on the Italian Energy Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 17.4x which is higher than its 3-year average PE of 10.0x.
- The 3-year average PS ratio of 0.93x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Energy Services industry have declined 16% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Italian Energy industry?
| IT Market | 0.64% | |
| Energy | 3.05% | |
| Energy Services | 1.24% | |
| Oil and Gas Services | 1.24% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Services industry which is trading above its 3-year average PE ratio of 10.0x.
- Analysts are expecting annual earnings growth of 7.7%, which is lower than the prior year's growth of 9.7% per year.
- Investors are most pessimistic about the Oil and Gas Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 10.0x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Services industry, expecting annual earnings growth of 7.7% over the next 5 years.
- However this is lower than its past earnings growth rate of 9.7% per year.
- In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 7.7% 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 | |
|---|---|---|---|---|---|
| TEN Tenaris | €24.65 | 2.0% +€494.7m | 60.2% | PE15.1x | |
| ETI ETI | €4.92 | 0.4% +€21.1k | n/a | PE29.9x |