Italian (Borsa Italiana) Utilities Sector Analysis

Sector Valuation and Performance

Has the Italian Utilities Sector valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Thu, 21 Aug 2025	€160.8b	€145.0b	€11.7b	13.4x	13.7x	1.1x
Sat, 19 Jul 2025	€156.4b	€144.4b	€12.5b	15x	12.5x	1.1x
Mon, 16 Jun 2025	€158.7b	€144.2b	€12.5b	14.5x	12.7x	1.1x
Wed, 14 May 2025	€151.7b	€142.0b	€12.5b	13.7x	12.1x	1.1x
Fri, 11 Apr 2025	€139.1b	€142.9b	€12.5b	12.5x	11.1x	1x
Sun, 09 Mar 2025	€136.4b	€145.2b	€10.7b	14.6x	12.8x	0.9x
Tue, 04 Feb 2025	€138.5b	€146.0b	€10.7b	14.3x	13x	0.9x
Thu, 02 Jan 2025	€135.9b	€146.0b	€10.7b	14.1x	12.7x	0.9x
Sat, 30 Nov 2024	€136.7b	€146.0b	€10.7b	14.7x	12.8x	0.9x
Mon, 28 Oct 2024	€141.6b	€149.6b	€10.6b	14.3x	13.4x	0.9x
Wed, 25 Sep 2024	€139.3b	€149.3b	€10.5b	14.3x	13.2x	0.9x
Fri, 23 Aug 2024	€131.2b	€149.3b	€10.5b	13.7x	12.5x	0.9x
Sun, 21 Jul 2024	€131.5b	€152.3b	€9.7b	13.8x	13.6x	0.9x
Tue, 18 Jun 2024	€126.0b	€152.7b	€9.7b	13.2x	13x	0.8x
Thu, 16 May 2024	€135.4b	€157.6b	€9.6b	13.4x	14x	0.9x
Sat, 13 Apr 2024	€121.7b	€168.1b	€8.8b	14.1x	13.9x	0.7x
Mon, 11 Mar 2024	€126.6b	€179.0b	€9.5b	14.9x	13.3x	0.7x
Wed, 07 Feb 2024	€124.5b	€182.2b	€9.3b	16.5x	13.4x	0.7x
Fri, 05 Jan 2024	€133.4b	€182.2b	€9.3b	17.4x	14.3x	0.7x
Sun, 03 Dec 2023	€129.7b	€182.2b	€9.3b	16.5x	13.9x	0.7x
Tue, 31 Oct 2023	€119.2b	€207.0b	€7.8b	16.1x	15.3x	0.6x
Thu, 28 Sep 2023	€118.5b	€212.5b	€7.6b	16.2x	15.7x	0.6x
Sat, 26 Aug 2023	€124.2b	€212.5b	€7.6b	17x	16.5x	0.6x
Mon, 24 Jul 2023	€128.0b	€227.9b	€6.9b	16.5x	18.4x	0.6x
Wed, 21 Jun 2023	€125.5b	€227.9b	€7.0b	16.2x	18.1x	0.6x
Fri, 19 May 2023	€124.9b	€227.1b	€6.9b	16.2x	18.1x	0.5x
Sun, 16 Apr 2023	€122.4b	€235.7b	€7.0b	14.9x	17.6x	0.5x
Tue, 14 Mar 2023	€113.0b	€228.1b	€6.6b	13.3x	17x	0.5x
Thu, 09 Feb 2023	€118.2b	€225.5b	€6.7b	14x	17.5x	0.5x
Sat, 07 Jan 2023	€118.4b	€225.5b	€6.7b	13.3x	17.6x	0.5x
Mon, 05 Dec 2022	€116.4b	€225.4b	€6.9b	13.2x	16.8x	0.5x
Wed, 02 Nov 2022	€105.2b	€197.5b	€7.7b	12.4x	13.6x	0.5x
Fri, 30 Sep 2022	€96.7b	€190.3b	€7.8b	13.4x	12.5x	0.5x
Sun, 28 Aug 2022	€112.8b	€190.3b	€7.8b	14.9x	14.5x	0.6x

Current Industry PE

Investors are relatively neutral on the Italian Utilities 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 14.5x.

The 3-year average PS ratio of 0.75x is lower than the industry's current PS ratio of 1.1x.

Past Earnings Growth

The earnings for companies in the Utilities industry have grown 15% per year over the last three years.
Meanwhile revenues for these companies have declined 8.7% per year.
This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Italian Utilities sector?


IT Market	1.61%
Utilities	2.10%
Renewable Energy	2.45%
Other Utilities	2.27%
Gas Utilities	2.14%
Electric Utilities	2.01%

Industry PE

Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 21.1x.

Analysts are expecting annual earnings growth of 13.6%, which is higher than its past year's earnings decline of 21.2% per year.

Investors are most pessimistic about the Other Utilities industry, which is trading close to its 3-year average of 10.5x.

Forecasted Growth

Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 14% over the next 5 years.
This is better than its past earnings decline of 21% per year.

In contrast, the Other Utilities 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
ENEL Enel	€8.10	1.9% +€1.6b	22.6%	PE13.6x
TRN Terna	€8.69	2.4% +€409.4m	13.8%	PE16.9x
SRG Snam	€5.26	2.3% +€389.1m	20.2%	PE12.6x
ERG ERG	€20.04	6.1% +€168.6m	-15.0%	PE21.4x
IG Italgas	€7.61	1.9% +€147.1m	52.7%	PE13.3x