Narrative Update • Jul 09
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Italian (Borsa Italiana) Asset Management Industry Analysis
UpdatedJul 13, 2026
DataAggregated Company Financials
Companies14
- 7D-1.5%
- 3M10.5%
- 1Y27.6%
- YTDn/a
Over the last 7 days, the Asset Management industry has dropped 1.3%, driven by a pullback from Banca Generali of 2.3%. On the other hand Smart Capital is actually up 7.6%. In the past year, the industry has gained 27%. Looking forward, earnings are expected to remain mostly flat in the next few years.
Industry Valuation and Performance
Has the Italian Asset Management Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 13 Jul 2026 | €16.7b | €4.1b | €1.4b | 9.3x | 12.2x | 4.1x |
| Wed, 10 Jun 2026 | €15.6b | €4.1b | €1.4b | 9.1x | 11.4x | 3.8x |
| Fri, 08 May 2026 | €15.9b | €4.1b | €1.4b | 10x | 11.6x | 3.9x |
| Sun, 05 Apr 2026 | €14.4b | €4.0b | €1.4b | 13.4x | 10.6x | 3.6x |
| Tue, 03 Mar 2026 | €15.3b | €3.1b | €1.3b | 15.3x | 11.6x | 4.9x |
| Thu, 29 Jan 2026 | €15.6b | €4.0b | €1.3b | 15.8x | 11.9x | 3.9x |
| Sat, 27 Dec 2025 | €15.4b | €4.0b | €1.3b | 16.2x | 12x | 3.9x |
| Mon, 24 Nov 2025 | €14.4b | €4.0b | €1.3b | 15.5x | 11.3x | 3.6x |
| Wed, 22 Oct 2025 | €13.7b | €3.9b | €1.2b | 15.5x | 11.1x | 3.5x |
| Fri, 19 Sep 2025 | €13.6b | €3.9b | €1.2b | 19.4x | 11.1x | 3.5x |
| Sun, 17 Aug 2025 | €13.6b | €3.9b | €1.2b | 22.7x | 11.7x | 3.5x |
| Tue, 15 Jul 2025 | €13.1b | €3.8b | €1.3b | 22.1x | 10.4x | 3.4x |
| Thu, 12 Jun 2025 | €13.1b | €3.8b | €1.3b | 20.7x | 10.4x | 3.4x |
| Sat, 10 May 2025 | €13.6b | €3.8b | €1.3b | 20.9x | 10.7x | 3.6x |
| Mon, 07 Apr 2025 | €11.8b | €3.9b | €1.3b | 18x | 9.3x | 3x |
| Wed, 05 Mar 2025 | €13.2b | €3.8b | €1.3b | 14.8x | 10.2x | 3.5x |
| Fri, 31 Jan 2025 | €13.1b | €3.8b | €1.3b | 15.5x | 10.2x | 3.5x |
| Sun, 29 Dec 2024 | €12.5b | €3.8b | €1.3b | 14.9x | 9.8x | 3.3x |
| Tue, 26 Nov 2024 | €12.1b | €3.8b | €1.3b | 12.2x | 9.5x | 3.2x |
| Thu, 24 Oct 2024 | €11.9b | €3.6b | €1.2b | 12.1x | 9.5x | 3.3x |
| Sat, 21 Sep 2024 | €11.5b | €3.6b | €1.2b | 14.5x | 9.3x | 3.2x |
| Mon, 19 Aug 2024 | €11.2b | €3.6b | €1.2b | 11.6x | 9x | 3.1x |
| Wed, 17 Jul 2024 | €11.3b | €3.5b | €1.1b | 12.2x | 10.3x | 3.2x |
| Fri, 14 Jun 2024 | €11.3b | €3.5b | €1.1b | 10.2x | 10.3x | 3.3x |
| Sun, 12 May 2024 | €11.7b | €3.4b | €1.1b | 10.5x | 10.5x | 3.4x |
| Tue, 09 Apr 2024 | €11.1b | €3.2b | €1.0b | 9.3x | 10.8x | 3.4x |
| Thu, 07 Mar 2024 | €11.1b | €3.4b | €948.6m | 12.2x | 11.7x | 3.2x |
| Sat, 03 Feb 2024 | €11.8b | €3.5b | €908.2m | 12.9x | 13x | 3.3x |
| Mon, 01 Jan 2024 | €11.3b | €3.5b | €908.2m | 12.5x | 12.4x | 3.2x |
| Wed, 29 Nov 2023 | €10.7b | €3.6b | €943.7m | 12.2x | 11.3x | 3x |
| Fri, 27 Oct 2023 | €10.0b | €3.5b | €949.8m | 11.1x | 10.6x | 2.9x |
| Sun, 24 Sep 2023 | €10.7b | €3.4b | €924.4m | 13.7x | 11.6x | 3.1x |
| Tue, 22 Aug 2023 | €10.4b | €3.4b | €933.8m | 14.3x | 11.1x | 3x |
| Thu, 20 Jul 2023 | €10.4b | €3.4b | €908.4m | 15.2x | 11.4x | 3.1x |
Price to Earnings Ratio
11.4x
Current Industry PE
- Investors are relatively neutral on the Italian Asset Management and Custody Banks 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 11.4x.
- The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 4.1x.
Past Earnings Growth
- The earnings for companies in the Asset Management and Custody Banks industry have grown 15% per year over the last three years.
- Revenues for these companies have grown 6.6% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Italian Asset Management compare with similar industries?
| IT Market | -0.73% | |
| Financials | 0.16% | |
| Capital Markets | -1.43% | |
| Asset Management | -1.48% | |
| Investment Banking and Brokerage | 0.21% | |
| Financial Exchanges and Data | -4.39% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SMCAP Smart Capital | €1.55 | 7.6% +€3.6m | -3.1% | PE5.8x | |
| FARM H-FARM | €0.22 | 2.8% +€1.2m | 25.5% | PE1.2x | |
| ZEST Zest | €0.13 | 2.4% +€594.3k | -24.2% | PS1.8x | |
| RFLTC RedFish LongTerm Capital | €1.22 | 1.7% +€545.1k | 3.4% | PS0.5x | |
| COP Copernico Sim | €8.20 | 2.5% +€394.7k | 23.3% | PE87.5x |