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Italian (Borsa Italiana) Capital Markets Industry Analysis
UpdatedDec 24, 2025
DataAggregated Company Financials
Companies21
- 7D1.9%
- 3M14.5%
- 1Y26.5%
- YTD24.0%
The Capital Markets industry is up 2.2% in the last week, with Banca Generali up 2.8%. During this same period, the First Capital underperformed, falling 5.6%. In the last 12 months, the industry was up 26%. Looking forward, earnings are expected to remain mostly flat in the next few years.
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 |
|---|---|---|---|---|---|---|
| Wed, 24 Dec 2025 | €15.9b | €4.3b | €1.3b | 13.5x | 12x | 3.7x |
| Fri, 21 Nov 2025 | €15.0b | €4.3b | €1.3b | 13.7x | 11.3x | 3.5x |
| Sun, 19 Oct 2025 | €14.0b | €4.2b | €1.3b | 15.6x | 11x | 3.3x |
| Tue, 16 Sep 2025 | €14.4b | €4.1b | €1.3b | 19.6x | 11.4x | 3.5x |
| Thu, 14 Aug 2025 | €14.0b | €4.2b | €1.2b | 21.6x | 11.7x | 3.4x |
| Sat, 12 Jul 2025 | €13.4b | €4.1b | €1.3b | 17.9x | 10.4x | 3.3x |
| Mon, 09 Jun 2025 | €13.6b | €4.1b | €1.3b | 16x | 10.6x | 3.4x |
| Wed, 07 May 2025 | €13.9b | €4.1b | €1.3b | 17x | 10.8x | 3.4x |
| Fri, 04 Apr 2025 | €13.3b | €4.1b | €1.3b | 15.5x | 10.3x | 3.2x |
| Sun, 02 Mar 2025 | €13.9b | €4.1b | €1.3b | 13.2x | 10.4x | 3.4x |
| Tue, 28 Jan 2025 | €13.7b | €4.1b | €1.3b | 14.1x | 10.4x | 3.4x |
| Thu, 26 Dec 2024 | €12.9b | €4.1b | €1.3b | 14.1x | 9.8x | 3.2x |
| Sat, 23 Nov 2024 | €12.6b | €4.1b | €1.3b | 12.9x | 9.6x | 3.1x |
| Mon, 21 Oct 2024 | €12.7b | €3.9b | €1.3b | 14.4x | 9.9x | 3.2x |
| Wed, 18 Sep 2024 | €12.0b | €3.9b | €1.3b | 16.7x | 9.4x | 3.1x |
| Fri, 16 Aug 2024 | €11.5b | €3.9b | €1.3b | 15.4x | 9x | 2.9x |
| Sun, 14 Jul 2024 | €11.8b | €3.8b | €1.1b | 17.7x | 10.4x | 3.1x |
| Tue, 11 Jun 2024 | €11.9b | €3.8b | €1.1b | 14.8x | 10.5x | 3.2x |
| Thu, 09 May 2024 | €12.0b | €3.7b | €1.1b | 12.9x | 11x | 3.3x |
| Sat, 06 Apr 2024 | €11.5b | €3.5b | €1.1b | 12.7x | 10.8x | 3.3x |
| Mon, 04 Mar 2024 | €11.4b | €3.7b | €981.7m | 12.5x | 11.6x | 3.1x |
| Wed, 31 Jan 2024 | €12.3b | €3.8b | €942.5m | 14.9x | 13x | 3.2x |
| Fri, 29 Dec 2023 | €11.8b | €3.8b | €942.5m | 14.8x | 12.5x | 3.1x |
| Sun, 26 Nov 2023 | €11.3b | €3.8b | €978.0m | 13.4x | 11.5x | 2.9x |
| Tue, 24 Oct 2023 | €10.6b | €3.8b | €985.8m | 12.7x | 10.7x | 2.8x |
| Thu, 21 Sep 2023 | €11.3b | €3.7b | €962.9m | 14x | 11.7x | 3.1x |
| Sat, 19 Aug 2023 | €10.8b | €3.7b | €974.5m | 13x | 11.1x | 2.9x |
| Mon, 17 Jul 2023 | €10.7b | €3.7b | €947.9m | 13.4x | 11.3x | 2.9x |
| Wed, 14 Jun 2023 | €10.6b | €3.7b | €947.9m | 13.3x | 11.2x | 2.9x |
| Fri, 12 May 2023 | €10.5b | €3.6b | €917.2m | 13.4x | 11.5x | 2.9x |
| Sun, 09 Apr 2023 | €10.5b | €3.4b | €903.7m | 13.6x | 11.6x | 3.1x |
| Tue, 07 Mar 2023 | €11.3b | €3.9b | €1.1b | 13.7x | 10.1x | 2.9x |
| Thu, 02 Feb 2023 | €11.4b | €4.0b | €1.1b | 14.1x | 10.1x | 2.9x |
| Sat, 31 Dec 2022 | €10.8b | €4.0b | €1.1b | 13x | 9.5x | 2.7x |
Price to Earnings Ratio
9.5x
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 11.1x.
- The 3-year average PS ratio of 3.1x is lower than the industry's current PS ratio of 3.7x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have grown 5.3% per year over the last three years.
- Revenues for these companies have grown 2.7% 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 | 1.34% | |
| Financials | 2.37% | |
| Capital Markets | 1.90% | |
| Investment Banking and Brokerage | 3.62% | |
| Asset Management | 1.85% | |
| Financial Exchanges and Data | -2.19% | |
Industry PE
- Investors are most optimistic about the Financial Exchanges and Data industry even though it's trading below its 3-year average PE ratio of 26.8x.
- Analysts are expecting annual earnings growth of 32.9%, which is lower than the prior year's growth of 100.1% per year.
- Investors are most pessimistic about the Investment Banking and Brokerage industry, which is trading below its 3-year average of 13.1x.
Forecasted Growth
- Analysts are most optimistic on the Financial Exchanges and Data industry, expecting annual earnings growth of 33% over the next 5 years.
- However this is lower than its past earnings growth rate of 100% per year.
- 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 | |
|---|---|---|---|---|---|
| BGN Banca Generali | €57.95 | 2.3% +€148.1m | 30.2% | PE16.2x | |
| AZM Azimut Holding | €35.64 | 1.7% +€83.9m | 50.1% | PE9.8x | |
| TIP Tamburi Investment Partners | €9.06 | 2.4% +€34.1m | 10.6% | PE17.1x | |
| ANIM Anima Holding | €6.04 | 0.8% +€16.3m | -7.4% | PE7.8x | |
| EQUI Equita Group | €6.16 | 3.5% +€10.5m | 52.1% | PE13.5x |