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Italian (Borsa Italiana) Utilities Sector Analysis

UpdatedJul 22, 2026
DataAggregated Company Financials
Companies19
  • 7D-2.5%
  • 3M-1.7%
  • 1Y19.6%
  • YTD6.1%

Over the last 7 days, the Utilities industry has dropped 2.5%, driven by Enel declining 4.2%. In the past year, the industry has gained 20%. As for the next few years, earnings are expected to grow by 8.9% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Jul 2026€186.3b€145.7b€8.9b19.5x20.8x1.3x
Fri, 19 Jun 2026€188.8b€145.5b€8.9b19.9x21.1x1.3x
Sun, 17 May 2026€182.7b€145.4b€8.9b19.1x20.5x1.3x
Tue, 14 Apr 2026€191.2b€146.7b€9.9b18.4x19.4x1.3x
Thu, 12 Mar 2026€185.1b€145.7b€11.9b15.9x15.5x1.3x
Sat, 07 Feb 2026€184.7b€145.6b€11.9b16x15.6x1.3x
Mon, 05 Jan 2026€175.9b€145.6b€11.9b15.1x14.8x1.2x
Wed, 03 Dec 2025€176.5b€145.4b€11.9b15x14.8x1.2x
Fri, 31 Oct 2025€174.4b€145.3b€11.7b15.4x14.9x1.2x
Sun, 28 Sep 2025€159.3b€145.0b€11.7b13.4x13.6x1.1x
Tue, 26 Aug 2025€160.2b€145.0b€11.7b13.5x13.7x1.1x
Thu, 24 Jul 2025€154.3b€144.4b€12.5b14.9x12.4x1.1x
Sat, 21 Jun 2025€157.5b€144.4b€12.5b14.2x12.6x1.1x
Mon, 19 May 2025€155.9b€143.7b€12.5b14.5x12.5x1.1x
Wed, 16 Apr 2025€144.1b€142.5b€12.5b13.1x11.6x1x
Fri, 14 Mar 2025€140.1b€145.2b€10.7b15x13.1x1x
Sun, 09 Feb 2025€138.5b€146.0b€10.7b14.4x13x0.9x
Tue, 07 Jan 2025€138.2b€146.0b€10.7b14.3x12.9x0.9x
Thu, 05 Dec 2024€137.9b€146.0b€10.7b14.7x12.9x0.9x
Sat, 02 Nov 2024€138.4b€149.2b€10.4b14.2x13.3x0.9x
Mon, 30 Sep 2024€140.7b€149.3b€10.5b14.4x13.4x0.9x
Wed, 28 Aug 2024€133.4b€149.3b€10.5b13.8x12.7x0.9x
Fri, 26 Jul 2024€132.2b€152.3b€9.7b14.3x13.6x0.9x
Sun, 23 Jun 2024€128.8b€152.6b€9.7b13.4x13.3x0.8x
Tue, 21 May 2024€133.6b€156.8b€9.5b13.7x14x0.9x
Thu, 18 Apr 2024€119.8b€168.1b€8.8b14x13.7x0.7x
Sat, 16 Mar 2024€125.4b€178.3b€9.6b14.4x13x0.7x
Mon, 12 Feb 2024€120.7b€182.2b€9.3b16x13x0.7x
Wed, 10 Jan 2024€133.8b€182.2b€9.3b17.7x14.4x0.7x
Fri, 08 Dec 2023€130.9b€182.2b€9.3b17x14x0.7x
Sun, 05 Nov 2023€123.6b€207.0b€7.8b16.6x15.9x0.6x
Tue, 03 Oct 2023€118.4b€212.5b€7.5b15.9x15.7x0.6x
Thu, 31 Aug 2023€125.7b€212.5b€7.6b17.2x16.6x0.6x
Sat, 29 Jul 2023€127.0b€214.2b€7.3b17.5x17.3x0.6x
Price to Earnings Ratio

17.3x


Total Market Cap: €127.0bTotal Earnings: €7.3bTotal Revenue: €214.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Italian Utilities Sector Price to Earnings3Y Average 14.5x202420252026
Current Industry PE
  • Investors are optimistic on the Italian Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 20.8x which is higher than its 3-year average PE of 14.5x.
  • The 3-year average PS ratio of 0.96x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 6.8% per year over the last three years.
  • Meanwhile revenues for these companies have declined 12% 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-0.84%
Utilities-2.55%
Renewable Energy2.30%
Other Utilities-0.97%
Gas Utilities-1.19%
Electric Utilities-3.71%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 23.5x.
    • Analysts are expecting annual earnings growth of 14.9%, which is higher than its past year's earnings decline of 18.9% 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 15% 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
ACE ACEA€21.600.5%
+€21.3m		10.5%PE12.1x
DEA Distribuzione Elettrica Adriatica€8.607.5%
+€4.7m		16.2%PE10.7x

Latest News

ACE
€21.60
ACEA
7D
0.5%
1Y
10.5%
ENEL
€9.85
Enel
7D
-4.2%
1Y
26.0%
A2A
€2.32
A2A
7D
-1.9%
1Y
4.8%
ERG
€22.58
ERG
7D
-2.7%
1Y
16.0%
Narrative Update • Jun 30

ERG: Revenue Contraction Will Keep Stretchy P/E Under Bearish Scrutiny

Analysts have trimmed their price target for ERG from €20.00 to €17.00, citing updated assumptions that now reflect slightly lower revenue growth expectations, a modestly higher profit margin outlook, a reduced discount rate, and a marginally adjusted future P/E. What's in the News for ERG No recent company specific news items for ERG were identified in the provided sources.
IG
€9.90
Italgas
7D
-2.4%
1Y
36.6%
Narrative Update • Jun 26

IG: Fair Outlook Will Highlight Board Review And Updated Profitability Assumptions

The analyst price target for Italgas has been revised higher from €9.67 to €10.75, with analysts pointing to changes in fair value estimates, discount rate assumptions, and expected profitability and valuation multiples as key drivers of the update. What's in the News Italgas has scheduled a board meeting on May 5, 2026 to review and approve its 1Q 2026 results, according to a company filing.
TRN
€10.19
Terna
7D
-1.4%
1Y
18.0%
Narrative Update • Jun 25

TRN: Board Remuneration Review And Modest Rating Uplift Will Shape Risk Profile

Analysts have nudged their fair value estimate for Terna slightly higher to about €9.77 per share, reflecting a modest upward revision in price targets, such as the recent €0.50 increase cited in Street research. What's in the News Terna has scheduled a Board meeting for Mar 26, 2026, to approve the Report on the Remuneration Policy and Remuneration Paid.
SRG
€6.17
Snam
7D
-0.5%
1Y
19.6%
Narrative Update • Jun 25

SRG: Share Rally And Hold Rating Will Shape Future Trade Off

Analysts have lifted their average price target on Snam to €6.80 from €6.00, citing recent share price strength and valuation considerations as the main drivers of the update. Analyst Commentary Recent research on Snam highlights a mix of optimism on the stock's valuation support and caution after the latest share price rally.
ASC
€2.99
Ascopiave
7D
-3.2%
1Y
-4.5%
Narrative Update • Jun 17

ASC: Stable Assumptions And Steady Dividend Will Support Future Upside

Analysts have left their fair value estimate for Ascopiave unchanged at €3.80. They cite only minor tweaks to discount rate, revenue growth and profit margin assumptions that do not materially alter their overall price target view.
IRE
€2.51
Iren
7D
-2.1%
1Y
-3.0%
Narrative Update • Jun 16

IRE: Future Dividend And Stable Outlook Will Support Higher Share Price

Analysts have maintained their €3.15 price target on Iren, citing only minor model adjustments to revenue growth, profit margin and future P/E assumptions, rather than any change in their overall view of the stock. What’s in the News for Iren Iren announced an annual dividend of €0.1386 per share.
DEA
€8.60
Distribuzione Elettrica Adriatica
7D
7.5%
1Y
16.2%