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Italian (Borsa Italiana) Market Analysis & Valuation

UpdatedJun 24, 2026
DataAggregated Company Financials
Companies383
  • 7D-1.2%
  • 3M14.8%
  • 1Y26.0%
  • YTD10.7%

Over the last 7 days, the market has dropped 1.2%, driven by a decline of 5.8% in the Consumer Discretionary sector. In contrast to the last week, the market is actually up 26% over the past year. As for the next few years, earnings are expected to grow by 11% per annum.

Trending IndustriesSoftwareRenewable Energy

Market Valuation and Performance

Has the Italian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Jun 2026€1.2t€817.6b€43.3b16.3x26.6x1.4x
Fri, 22 May 2026€1.1t€817.7b€43.5b17.4x25.3x1.3x
Sun, 19 Apr 2026€1.1t€809.9b€42.7b16.3x26x1.4x
Tue, 17 Mar 2026€1.0t€809.3b€45.1b16x22.6x1.3x
Thu, 12 Feb 2026€1.1t€800.4b€67.5b17.5x16x1.3x
Sat, 10 Jan 2026€1.1t€800.9b€65.4b17.1x16.3x1.3x
Mon, 08 Dec 2025€1.0t€801.0b€65.5b16.4x15.5x1.3x
Wed, 05 Nov 2025€1.0t€800.0b€65.1b16.8x15.6x1.3x
Fri, 03 Oct 2025€1.0t€799.3b€64.2b17.3x15.6x1.3x
Sun, 31 Aug 2025€976.1b€798.8b€64.1b17.6x15.2x1.2x
Tue, 29 Jul 2025€942.6b€805.2b€72.4b17.1x13x1.2x
Thu, 26 Jun 2025€906.1b€823.4b€71.7b16.3x12.6x1.1x
Sat, 24 May 2025€913.8b€821.8b€71.8b15.7x12.7x1.1x
Mon, 21 Apr 2025€835.1b€813.3b€71.0b14.2x11.8x1x
Wed, 19 Mar 2025€911.0b€813.9b€71.2b14.5x12.8x1.1x
Fri, 14 Feb 2025€796.5b€834.2b€74.1b14.1x10.7x1x
Sun, 12 Jan 2025€744.8b€821.4b€75.4b14.1x9.9x0.9x
Tue, 10 Dec 2024€733.1b€832.4b€75.9b13.8x9.7x0.9x
Thu, 07 Nov 2024€721.3b€837.0b€74.4b13.6x9.7x0.9x
Sat, 05 Oct 2024€718.9b€836.7b€75.2b14.1x9.6x0.9x
Mon, 02 Sep 2024€733.8b€848.2b€75.5b14.1x9.7x0.9x
Wed, 31 Jul 2024€746.8b€843.8b€75.6b14.3x9.9x0.9x
Fri, 28 Jun 2024€741.8b€868.7b€79.8b14.1x9.3x0.9x
Sun, 26 May 2024€774.9b€868.8b€79.7b14.6x9.7x0.9x
Tue, 23 Apr 2024€766.8b€887.7b€79.1b14.3x9.7x0.9x
Thu, 21 Mar 2024€776.3b€895.0b€79.5b13.9x9.8x0.9x
Sat, 17 Feb 2024€691.1b€922.3b€80.3b14.1x8.6x0.7x
Mon, 15 Jan 2024€677.7b€921.6b€77.4b14.9x8.8x0.7x
Wed, 13 Dec 2023€663.3b€923.5b€77.3b14.4x8.6x0.7x
Fri, 10 Nov 2023€635.3b€930.9b€75.0b14x8.5x0.7x
Sun, 08 Oct 2023€615.9b€966.4b€74.1b14.4x8.3x0.6x
Tue, 05 Sep 2023€642.4b€962.5b€73.7b15.8x8.7x0.7x
Thu, 03 Aug 2023€641.5b€939.4b€70.6b15.7x9.1x0.7x
Sat, 01 Jul 2023€626.4b€947.9b€77.2b16.1x8.1x0.7x
Price to Earnings Ratio

8.1x


Total Market Cap: €626.4bTotal Earnings: €77.2bTotal Revenue: €947.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Italian Market Price to Earnings3Y Average 12.6x202420252026
Current Market PE
  • Investors are optimistic on the Italian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 26.6x which is higher than its 3-year average PE of 12.6x.
Past Earnings Growth
  • The earnings for companies in the Italian industry have declined 18% per year over the last three years.
  • Revenues have also declined 4.8% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Sector Trends

Which sectors have driven the changes within the Italian Market?

IT Market-1.18%
Financials0.44%
Healthcare-0.49%
Consumer Staples-1.23%
Industrials-1.25%
Utilities-1.30%
Tech-1.31%
Materials-1.85%
Energy-2.31%
Telecom-3.54%
Real Estate-3.87%
Consumer Discretionary-5.76%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 38.1x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 39.8%, which is higher than its past year's earnings growth of 16.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 40% over the next 5 years.
  • This is better than its past earnings growth rate of 16% per year.
  • In contrast, the Materials sector is expected to see its earnings grow by 5.4% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
UCG UniCredit€78.881.5%
+€1.8b		37.9%PB1.7xFinancials
ISP Intesa Sanpaolo€6.131.2%
+€1.3b		26.0%PB1.6xFinancials
BAMI Banco BPM€15.643.7%
+€842.8m		57.1%PB1.5xFinancials
PRY Prysmian€148.351.4%
+€573.6m		156.8%PE32.2xIndustrials
BPE BPER Banca€13.811.3%
+€358.4m		79.3%PB1.7xFinancials
See more

Market Insights

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Latest News

RACE
€301.70
Ferrari
7D
-5.4%
1Y
-24.3%
BMED
€21.94
Banca Mediolanum
7D
1.6%
1Y
51.5%
Narrative Update • Jun 22

BMED: Future Returns Will Rely On Revenue Assumptions And Discount Rate

The analyst price target for Banca Mediolanum has been adjusted slightly higher to €22.07 from €21.96, with analysts pointing to updated assumptions on revenue growth, profit margins and the future P/E as the key drivers behind the change. What's in the News for Banca Mediolanum No major recent news items for Banca Mediolanum were identified in the provided sources.
UCG
€78.88
UniCredit
7D
1.5%
1Y
37.9%
Narrative Update • Jun 22

UCG: Commerzbank Takeover Setback Will Test Earnings Resilience And P/E Assumptions

Analysts have increased their UniCredit fair value estimate by about €4 to €72.00, citing recent Street research that adjusts assumptions around discount rates, revenue growth, profit margins and future P/E expectations. Analyst Commentary Recent Street research on UniCredit highlights that, alongside upward revisions, there have also been several bearish adjustments to price targets and ratings that point to ongoing debate about the stock's risk and reward profile.
ENI
€21.50
Eni
7D
-2.3%
1Y
55.1%
STLAM
€5.27
Stellantis
7D
-11.7%
1Y
-36.1%
UNI
€24.69
Unipol Assicurazioni
7D
0.9%
1Y
46.0%
Narrative Update • Jun 22

UNI: Future Returns Will Hinge On 2026 Dividend And Stable Profit Outlook

The analyst price target for Unipol Assicurazioni has been adjusted slightly higher, from about €24.23 to approximately €25.22. Analysts attribute this change to updated fair value estimates supported by unchanged discount rate assumptions and revised profit margin and future P/E inputs.
PRY
€148.35
Prysmian
7D
1.4%
1Y
156.8%
Narrative Update • Jun 22

PRY: Energy Transition And Data Centres Will Drive Future Premium Rating

The analyst price target for Prysmian has been raised from €148 to €178, reflecting a series of recent target increases from banks that cite updated expectations for revenue growth, profit margins and valuation multiples. Analyst Commentary Recent research on Prysmian points to a generally constructive tone, with a series of price target increases and rating actions that underline growing confidence in the stock's execution and earnings potential.
BPE
€13.81
BPER Banca
7D
1.3%
1Y
79.3%
Narrative Update • Jun 18

BPE: Merger Integration And Cautious Rate Outlook Are Expected To Shape Upside

The analyst fair value estimate for BPER Banca has been raised from €14.50 to €15.00, reflecting updated assumptions on discount rate, revenue growth and margins, even as recent Street research has shifted to more neutral ratings and trimmed or held price targets in the €12.50 to €13.40 range. Analyst Commentary Recent Street research on BPER Banca points to a more balanced stance, with several firms adopting neutral ratings even as the analyst fair value estimate stands above current Street price targets.
SRG
€6.19
Snam
7D
-3.3%
1Y
21.2%
Analysis Article • Jun 17

Snam (BIT:SRG) Stock Could Be 34% Below Fair Value After €1.5b Green Bond Sale

Why Snam stock investors are watching the new green and sustainable bonds Snam (BIT:SRG) has just completed a dual tranche fixed income offering totaling about €1.5b, issuing climate and sustainable variable rate notes maturing in 2030 and 2036. This event could influence how investors view its capital structure. See our latest analysis for Snam. The new green and sustainable bonds come at a time when Snam’s share price has a 1-month share price return of 3.32% and a year to date share price...
TEN
€25.39
Tenaris
7D
-2.9%
1Y
64.8%
Narrative Update • Jun 17

TEN: Capital Returns And New Leadership Will Support Future Upside Potential

Analysts have made a small refinement to their Tenaris price target, with updated assumptions on discount rate, revenue growth and future P/E now pointing to a fair value of €33.33 per share. What’s in the News for Tenaris Tenaris shareholders approved an annual dividend of US$0.89 per share at the May 12, 2026 meeting.
PST
€27.82
Poste Italiane
7D
-4.0%
1Y
55.4%
LDO
€50.43
Leonardo
7D
-2.5%
1Y
12.1%
BDB
€12.54
Banco di Desio e della Brianza
7D
8.9%
1Y
77.4%
BAMI
€15.64
Banco BPM
7D
3.7%
1Y
57.1%
Narrative Update • Jun 12

BAMI: Fair Outlook Will Balance Monte Paschi Bid With Earnings Resilience

Analysts have nudged their price target on Banco BPM slightly lower by €0.70, reflecting updated views on fair value, discount rate, revenue growth, profit margin and future P/E after recent research that included a target cut and a downgrade. Analyst Commentary Bullish Takeaways Bullish analysts still see support for Banco BPM's valuation even after the €0.70 price target trim, indicating they view the recent research as a recalibration rather than a fundamental reset.
ISP
€6.13
Intesa Sanpaolo
7D
1.2%
1Y
26.0%
Narrative Update • Jun 10

ISP: 2026 Earnings Power Will Depend On Monte Dei Paschi Bid Execution

Analysts have nudged their average price target for Intesa Sanpaolo slightly higher, with recent Street research pointing to a move from about €6.73 to roughly €6.75 as firms fine tune assumptions on fair value, discount rates, growth and future price-to-earnings ratios. Analyst Commentary Recent research on Intesa Sanpaolo shows a mix of optimism and caution, with several firms adjusting price targets and ratings in different directions.
MONC
€50.90
Moncler
7D
-5.5%
1Y
4.7%
Narrative Update • Jun 06

MONC: Recent Rating Revisions Will Support Quality Earnings Visibility Upside

Moncler’s analyst price target edges higher by a few euros as analysts factor in slightly lower required returns, largely unchanged growth and margin assumptions, and a modestly lower future P/E multiple following recent target revisions and an upgrade. Analyst Commentary Recent Street research on Moncler has centered on fine tuning price targets and ratings rather than major shifts in thesis.