Narrative Update • Jul 09
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Italian (Borsa Italiana) Capital Markets Industry Analysis
UpdatedJul 21, 2026
DataAggregated Company Financials
Companies20
- 7D-1.9%
- 3M6.1%
- 1Y24.9%
- YTD6.7%
Over the last 7 days, the Capital Markets industry has dropped 1.4%, driven by a pullback from Banca Generali of 2.1%. Over the past 12 months, the industry was up 25%. In the next few years earnings are forecast to be pretty stable.
Industry Valuation and Performance
Has the Italian Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 21 Jul 2026 | €17.0b | €4.4b | €1.4b | 11.6x | 12x | 3.8x |
| Thu, 18 Jun 2026 | €17.6b | €4.4b | €1.4b | 10.9x | 12.5x | 4x |
| Sat, 16 May 2026 | €16.0b | €4.4b | €1.4b | 11x | 11.2x | 3.6x |
| Mon, 13 Apr 2026 | €15.4b | €4.3b | €1.4b | 11.3x | 10.9x | 3.5x |
| Wed, 11 Mar 2026 | €15.1b | €3.4b | €1.4b | 12.4x | 11x | 4.5x |
| Fri, 06 Feb 2026 | €16.2b | €3.4b | €1.4b | 13.1x | 11.9x | 4.7x |
| Sun, 04 Jan 2026 | €15.9b | €4.3b | €1.3b | 14.9x | 12.1x | 3.7x |
| Tue, 02 Dec 2025 | €15.4b | €4.3b | €1.3b | 13.8x | 11.6x | 3.6x |
| Thu, 30 Oct 2025 | €14.7b | €4.2b | €1.3b | 16.3x | 11.6x | 3.5x |
| Sat, 27 Sep 2025 | €14.0b | €4.1b | €1.3b | 19.7x | 11.1x | 3.4x |
| Mon, 25 Aug 2025 | €14.4b | €4.2b | €1.2b | 21.6x | 12.1x | 3.5x |
| Wed, 23 Jul 2025 | €13.4b | €4.1b | €1.3b | 18.3x | 10.4x | 3.3x |
| Fri, 20 Jun 2025 | €12.8b | €4.1b | €1.3b | 16.8x | 9.9x | 3.2x |
| Sun, 18 May 2025 | €14.3b | €4.1b | €1.3b | 16.7x | 11x | 3.5x |
| Tue, 15 Apr 2025 | €12.3b | €4.1b | €1.3b | 16.3x | 9.5x | 3x |
| Thu, 13 Mar 2025 | €13.9b | €4.2b | €1.4b | 13.2x | 10x | 3.3x |
| Sat, 08 Feb 2025 | €13.8b | €4.0b | €1.3b | 13.5x | 10.5x | 3.4x |
| Mon, 06 Jan 2025 | €13.1b | €4.1b | €1.3b | 14.4x | 9.9x | 3.2x |
| Wed, 04 Dec 2024 | €12.8b | €4.1b | €1.3b | 13.5x | 9.7x | 3.1x |
| Fri, 01 Nov 2024 | €12.2b | €3.9b | €1.3b | 14.2x | 9.5x | 3.1x |
| Sun, 29 Sep 2024 | €12.3b | €3.9b | €1.3b | 16.6x | 9.6x | 3.1x |
| Tue, 27 Aug 2024 | €11.8b | €3.9b | €1.3b | 15.8x | 9.2x | 3x |
| Thu, 25 Jul 2024 | €11.9b | €3.8b | €1.1b | 17.7x | 10.5x | 3.1x |
| Sat, 22 Jun 2024 | €11.5b | €3.8b | €1.1b | 14.6x | 10.1x | 3x |
| Mon, 20 May 2024 | €12.3b | €3.7b | €1.1b | 14.9x | 10.8x | 3.3x |
| Wed, 17 Apr 2024 | €11.4b | €3.5b | €1.1b | 12.5x | 10.7x | 3.2x |
| Fri, 15 Mar 2024 | €11.3b | €3.5b | €994.3m | 12.5x | 11.4x | 3.2x |
| Sun, 11 Feb 2024 | €11.3b | €3.7b | €982.9m | 12.5x | 11.5x | 3x |
| Tue, 09 Jan 2024 | €11.9b | €3.8b | €942.5m | 14.9x | 12.6x | 3.1x |
| Thu, 07 Dec 2023 | €11.4b | €3.8b | €942.5m | 14.5x | 12.1x | 3x |
| Sat, 04 Nov 2023 | €10.9b | €3.8b | €985.8m | 12.9x | 11.1x | 2.9x |
| Mon, 02 Oct 2023 | €11.1b | €3.7b | €960.5m | 12.9x | 11.6x | 3x |
| Wed, 30 Aug 2023 | €11.2b | €3.7b | €974.5m | 13x | 11.5x | 3x |
| Fri, 28 Jul 2023 | €10.9b | €3.7b | €947.9m | 13.6x | 11.5x | 3x |
Price to Earnings Ratio
11.5x
Current Industry PE
- Investors are relatively neutral on the Italian Capital Markets industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 11.2x.
- The 3-year average PS ratio of 3.3x is lower than the industry's current PS ratio of 3.9x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have grown 14% per year over the last three years.
- Revenues for these companies have grown 6.4% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Italian Financials industry?
| IT Market | -1.20% | |
| Financials | -1.08% | |
| Capital Markets | -1.88% | |
| Financial Exchanges and Data | 2.68% | |
| Investment Banking and Brokerage | 0.085% | |
| Asset Management | -1.95% | |
Industry PE
- Investors are most optimistic about the Investment Banking and Brokerage industry, which is trading close to its 3-year average PE ratio of 13.1x.
- Analysts expect its future annual earnings growth (13.8%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Financial Exchanges and Data industry, which is trading below its 3-year average of 24.3x.
Forecasted Growth
- Analysts are most optimistic on the Investment Banking and Brokerage industry, expecting annual earnings growth of 14% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Asset Management industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| ANIM Anima Holding | €7.11 | 0.7% +€16.3m | 17.8% | PE9x | |
| D Directa Sim | €7.92 | 3.4% +€4.9m | 43.0% | PE11.8x | |
| CFV Confinvest Oro | €2.30 | 2.7% +€422.8k | 24.7% | PE11.5x | |
| MTS MiT Sim | €1.32 | 2.3% +€62.4k | -54.8% | PS0.7x |