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Italian (Borsa Italiana) Utilities Sector Analysis

UpdatedDec 27, 2025
DataAggregated Company Financials
Companies19
  • 7D0.2%
  • 3M8.7%
  • 1Y27.0%
  • YTD24.3%

Over the last 7 days, the Utilities industry has remained flat. The past year has been better, since the industry has gained 27% in that time. Earnings are forecast to grow by 3.4% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Dec 2025€172.6b€145.6b€11.9b14.7x14.6x1.2x
Mon, 24 Nov 2025€174.8b€145.4b€11.9b14.8x14.6x1.2x
Wed, 22 Oct 2025€170.2b€145.2b€11.7b14.7x14.5x1.2x
Fri, 19 Sep 2025€155.7b€145.0b€11.7b13x13.3x1.1x
Sun, 17 Aug 2025€159.1b€145.0b€11.7b13.3x13.6x1.1x
Tue, 15 Jul 2025€156.5b€144.4b€12.5b14.6x12.6x1.1x
Thu, 12 Jun 2025€158.4b€144.2b€12.5b14.7x12.7x1.1x
Sat, 10 May 2025€153.1b€142.1b€12.5b13.7x12.3x1.1x
Mon, 07 Apr 2025€146.1b€143.0b€12.5b13x11.7x1x
Wed, 05 Mar 2025€138.6b€145.2b€10.7b14.2x13x1x
Fri, 31 Jan 2025€136.9b€146.0b€10.7b14.5x12.8x0.9x
Sun, 29 Dec 2024€135.2b€146.0b€10.7b14.1x12.6x0.9x
Tue, 26 Nov 2024€135.6b€146.0b€10.7b14.6x12.7x0.9x
Thu, 24 Oct 2024€141.5b€149.6b€10.5b14.2x13.4x0.9x
Sat, 21 Sep 2024€137.6b€149.3b€10.5b14.2x13.1x0.9x
Mon, 19 Aug 2024€131.2b€149.3b€10.5b13.8x12.5x0.9x
Wed, 17 Jul 2024€131.0b€152.4b€9.7b13.7x13.5x0.9x
Fri, 14 Jun 2024€131.3b€153.0b€9.7b13.4x13.5x0.9x
Sun, 12 May 2024€133.7b€157.7b€9.6b13.4x13.9x0.8x
Tue, 09 Apr 2024€122.0b€170.7b€8.4b14.1x14.5x0.7x
Thu, 07 Mar 2024€125.7b€179.0b€9.4b15.3x13.3x0.7x
Sat, 03 Feb 2024€126.6b€182.2b€9.3b16.9x13.6x0.7x
Mon, 01 Jan 2024€133.1b€182.2b€9.3b17.4x14.3x0.7x
Wed, 29 Nov 2023€128.6b€182.5b€9.3b16.6x13.8x0.7x
Fri, 27 Oct 2023€118.2b€212.4b€7.6b16x15.6x0.6x
Sun, 24 Sep 2023€122.8b€212.5b€7.6b16.8x16.3x0.6x
Tue, 22 Aug 2023€120.3b€212.5b€7.6b16.4x15.9x0.6x
Thu, 20 Jul 2023€126.8b€227.9b€6.9b16.5x18.3x0.6x
Sat, 17 Jun 2023€127.8b€227.9b€7.0b16.1x18.4x0.6x
Mon, 15 May 2023€128.4b€227.5b€6.6b16.3x19.3x0.6x
Wed, 12 Apr 2023€125.7b€233.4b€7.1b15.5x17.7x0.5x
Fri, 10 Mar 2023€114.3b€228.1b€6.6b13.4x17.2x0.5x
Sun, 05 Feb 2023€117.1b€225.5b€6.7b13.5x17.4x0.5x
Tue, 03 Jan 2023€112.5b€225.5b€6.7b13.1x16.7x0.5x
Price to Earnings Ratio

16.7x


Total Market Cap: €112.5bTotal Earnings: €6.7bTotal Revenue: €225.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Italian Utilities Sector Price to Earnings3Y Average 14.4x20242025
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 14.4x.
  • The 3-year average PS ratio of 0.82x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 21% per year over the last three years.
  • Meanwhile revenues for these companies have declined 14% 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 Market1.82%
Utilities0.17%
Renewable Energy0.68%
Electric Utilities0.30%
Gas Utilities-0.066%
Other Utilities-0.51%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 22.4x.
    • Analysts are expecting annual earnings growth of 9.6%, which is higher than its past year's earnings decline of 18.6% per year.
  • Investors are most pessimistic about the Other Utilities industry, which is trading close to its 3-year average of 10.6x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 9.6% over the next 5 years.
  • This is better than its past earnings decline of 19% 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?

CompanyLast Price7D1YValuation
ENEL Enel€8.770.4%
+€312.3m		28.1%PE14.4x
IG Italgas€9.410.9%
+€81.2m		74.2%PE14.9x
TRN Terna€9.000.07%
+€12.0m		18.1%PE16.7x
ARN Alerion Clean Power€18.100.7%
+€6.4m		11.6%PE11.6x

Latest News

IRE
€2.54
Iren
7D
-0.2%
1Y
33.1%
ENEL
€8.77
Enel
7D
0.4%
1Y
28.1%

Enel (BIT:ENEL) Is Due To Pay A Dividend Of €0.23

Dec 24
Enel (BIT:ENEL) Is Due To Pay A Dividend Of €0.23
A2A
€2.29
A2A
7D
-0.4%
1Y
7.6%

A2A: Improving Revenue Outlook Will Support Future Upside Despite Softer Margins

Analysts have nudged their price target on A2A slightly lower from €2.67 to €2.65. This reflects a modestly more cautious view on profit margins, even as revenue growth expectations improve.
HER
€3.99
Hera
7D
-0.7%
1Y
17.7%

HER: Future Outlook Will Remain Steady As Margins And Revenue Trends Modestly Improve

Analysts have modestly increased their price target on Hera to $4.35 per share, citing slightly improved expectations for long term revenue trends and profit margins despite largely unchanged valuation assumptions. Valuation Changes Fair Value: unchanged at €4.35 per share, indicating no material revision to the intrinsic value estimate.
ARN
€18.10
Alerion Clean Power
7D
0.7%
1Y
11.6%

Investors Don't See Light At End Of Alerion Clean Power S.p.A.'s (BIT:ARN) Tunnel

Dec 17
Investors Don't See Light At End Of Alerion Clean Power S.p.A.'s (BIT:ARN) Tunnel
ERG
€21.70
ERG
7D
-0.6%
1Y
9.9%
SRG
€5.61
Snam
7D
-0.5%
1Y
31.2%

SRG: Dividend Stability And Sector Performance Will Guide Fairly Valued Shares Forward

Analysts have nudged their price target on Snam higher to EUR 5.61 from around EUR 5.54, reflecting modestly stronger long term value expectations, despite slightly softer growth and margin assumptions in line with recent sector perform research. Analyst Commentary Recent research highlights a more balanced stance on Snam, with adjustments to price targets reflecting both recognition of the shares' resilience and concerns about relative growth versus peers.
ACE
€21.92
ACEA
7D
-0.6%
1Y
19.8%

ACE: Stable Margins And Lower Risk Will Support Future Fair Value

Analysts have nudged their price target for ACEA slightly higher to $23.68 from $23.68, reflecting marginally lower perceived risk and stable long term earnings expectations despite relatively flat growth and margin assumptions. Valuation Changes Fair Value: Unchanged at €23.68 per share, indicating stable long term intrinsic value estimates.
EVISO
€6.89
eVISO
7D
-2.0%
1Y
0.7%
TRN
€9.00
Terna
7D
0.07%
1Y
18.1%

These 4 Measures Indicate That Terna (BIT:TRN) Is Using Debt Extensively

Dec 05
These 4 Measures Indicate That Terna (BIT:TRN) Is Using Debt Extensively
IG
€9.41
Italgas
7D
0.9%
1Y
74.2%
ECK
€2.28
Ecosuntek
7D
-0.9%
1Y
31.0%

The Return Trends At Ecosuntek (BIT:ECK) Look Promising

Sep 02
The Return Trends At Ecosuntek (BIT:ECK) Look Promising