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Italian (Borsa Italiana) Market Analysis & Valuation

UpdatedMar 25, 2026
DataAggregated Company Financials
Companies390
  • 7D-3.2%
  • 3M-3.5%
  • 1Y8.9%
  • YTD-4.9%

Over the last 7 days, the market has dropped 3.2%, driven by losses in the Utilities and Financials sectors of 6.3% and 2.5%, respectively. In the last year, the market is actually up 8.9%. Earnings are forecast to grow by 11% annually.

Trending IndustriesSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 25 Mar 2026€998.7b€811.3b€43.2b15.7x23.1x1.2x
Fri, 20 Feb 2026€1.1t€801.3b€67.0b17.1x16.3x1.4x
Sun, 18 Jan 2026€1.1t€800.6b€65.5b17.2x16.3x1.3x
Tue, 16 Dec 2025€1.0t€801.2b€65.4b16.5x15.7x1.3x
Thu, 13 Nov 2025€1.0t€801.0b€65.1b16.6x16.1x1.3x
Sat, 11 Oct 2025€988.7b€799.5b€64.2b17.1x15.4x1.2x
Mon, 08 Sep 2025€962.1b€798.8b€64.1b17.4x15x1.2x
Wed, 06 Aug 2025€942.1b€797.2b€64.2b16.7x14.7x1.2x
Fri, 04 Jul 2025€919.6b€806.3b€71.7b16.7x12.8x1.1x
Sun, 01 Jun 2025€927.5b€822.8b€71.8b16x12.9x1.1x
Tue, 29 Apr 2025€866.5b€810.3b€70.7b14.4x12.3x1.1x
Thu, 27 Mar 2025€900.4b€816.3b€71.3b14.3x12.6x1.1x
Sat, 22 Feb 2025€800.0b€834.2b€73.4b14.3x10.9x1x
Mon, 20 Jan 2025€767.7b€821.6b€75.4b14.1x10.2x0.9x
Wed, 18 Dec 2024€732.0b€832.3b€75.9b13.9x9.6x0.9x
Fri, 15 Nov 2024€729.7b€834.9b€75.5b13.4x9.7x0.9x
Sun, 13 Oct 2024€729.0b€836.6b€75.3b14x9.7x0.9x
Tue, 10 Sep 2024€718.2b€848.6b€75.5b14.1x9.5x0.8x
Thu, 08 Aug 2024€702.6b€844.8b€75.8b14x9.3x0.8x
Sat, 06 Jul 2024€746.5b€854.9b€79.1b14.4x9.4x0.9x
Mon, 03 Jun 2024€776.4b€868.9b€79.9b14.5x9.7x0.9x
Wed, 01 May 2024€761.0b€882.0b€77.4b14.4x9.8x0.9x
Fri, 29 Mar 2024€786.6b€885.6b€78.6b13.9x10x0.9x
Sun, 25 Feb 2024€730.4b€911.3b€78.3b14.4x9.3x0.8x
Tue, 23 Jan 2024€670.6b€921.7b€77.4b14.9x8.7x0.7x
Thu, 21 Dec 2023€672.0b€921.3b€77.4b14.5x8.7x0.7x
Sat, 18 Nov 2023€648.9b€923.6b€77.4b13.8x8.4x0.7x
Mon, 16 Oct 2023€623.9b€966.5b€74.2b14x8.4x0.6x
Wed, 13 Sep 2023€641.7b€963.0b€73.8b15.6x8.7x0.7x
Fri, 11 Aug 2023€638.4b€946.3b€71.7b15.6x8.9x0.7x
Sun, 09 Jul 2023€619.2b€947.2b€69.6b15.9x8.9x0.7x
Tue, 06 Jun 2023€611.4b€947.0b€77.2b15.7x7.9x0.6x
Thu, 04 May 2023€617.4b€947.5b€73.9b15.9x8.3x0.7x
Sat, 01 Apr 2023€617.2b€943.4b€67.2b15.7x9.2x0.7x
Price to Earnings Ratio

9.2x


Total Market Cap: €617.2bTotal Earnings: €67.2bTotal Revenue: €943.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Italian Market Price to Earnings3Y Average 11.2x202420252026
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 23.1x which is higher than its 3-year average PE of 11.2x.
Past Earnings Growth
  • The earnings for companies in the Italian industry have declined 14% per year over the last three years.
  • Revenues have also declined 4.9% 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-3.19%
Materials1.52%
Energy0.19%
Consumer Staples-0.043%
Healthcare-0.52%
Real Estate-1.82%
Financials-2.54%
Consumer Discretionary-2.55%
Industrials-4.29%
Telecom-5.42%
Utilities-6.35%
Tech-7.52%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 36.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 30.2% which is higher than its past year's earnings decline of 3.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 30% over the next 5 years.
  • This is better than its past earnings decline of 3.5% per year.
  • In contrast, the Materials sector is expected to see its earnings grow by 4.0% 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
TEN Tenaris€24.903.3%
+€797.6m		33.7%PE15.1xEnergy
SPM Saipem€3.596.8%
+€448.2m		64.2%PE22.6xEnergy
BZU Buzzi€44.405.1%
+€391.0m		-13.5%PE8.9xMaterials
BMPS Banca Monte dei Paschi di Siena€7.341.7%
+€379.8m		-5.2%PB0.8xFinancials
MB Mediobanca Banca di Credito Finanziario€16.352.3%
+€292.8m		-10.1%PB1.2xFinancials
See more

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Latest News

AMP
€8.74
Amplifon
7D
8.5%
1Y
-55.6%

AMP: Higher Margins And Execution Will Counter Recent Downgrades

Analysts have trimmed their 12 month price target for Amplifon from about €21.43 to €17.00, reflecting updated views on slightly softer revenue growth assumptions, a higher discount rate and a lower future P/E multiple despite expecting a somewhat higher profit margin. Analyst Commentary Bullish analysts focusing on Amplifon are looking through the trimmed price target and concentrating on where execution and profitability could still support value for long term holders.
PST
€19.92
Poste Italiane
7D
-8.2%
1Y
20.7%
TGYM
€17.30
Technogym
7D
4.0%
1Y
55.2%
BZU
€44.40
Buzzi
7D
5.1%
1Y
-13.5%

BZU: JPMorgan Upgrade And Buyback Plan Will Shape Future Returns

Analysts have lifted their price targets on Buzzi by €2, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E following recent research updates from major banks. Analyst Commentary Bullish Takeaways Bullish analysts see the €2 price target lift as aligned with updated fair value work, suggesting that revised assumptions on discount rate and earnings outlook support a higher valuation base.
RACE
€279.30
Ferrari
7D
-4.6%
1Y
-30.1%

RACE: Dividend And Buybacks Will Drive Stronger Future Shareholder Returns

Analysts have slightly reduced their Ferrari price target to about €369, reflecting modest tweaks to assumptions on the discount rate, revenue growth, profit margin and future P/E, without a major shift in the overall investment view. What's in the News Ferrari intends to recommend a dividend of €3.615 per share, about 21% higher than the prior year, for a total proposed distribution of about €640m, subject to shareholder approval at the AGM scheduled for April 15, 2026 (Key Developments).
ENEL
€9.21
Enel
7D
-7.1%
1Y
27.0%
G
€33.26
Assicurazioni Generali
7D
-3.9%
1Y
2.4%
TEN
€24.90
Tenaris
7D
3.3%
1Y
33.7%

TEN: Higher P/E Outlook And Capital Returns May Support Future Upside

Analysts have revised their fair value estimate for Tenaris to €27.94 from €21.05, reflecting updated assumptions on the discount rate, long term revenue growth, profit margin and future P/E. What's in the News The board intends to propose a total annual dividend of $0.89 per share (about $900 million) for approval at the May 12, 2026 shareholders meeting, including the interim dividend of $0.29 per share already paid in November 2025 (company announcement).
LDO
€57.98
Leonardo
7D
-8.4%
1Y
28.1%
UCG
€61.53
UniCredit
7D
-4.1%
1Y
11.3%
BMPS
€7.34
Banca Monte dei Paschi di Siena
7D
1.7%
1Y
-5.2%
SPM
€3.59
Saipem
7D
6.8%
1Y
64.2%
MB
€16.35
Mediobanca Banca di Credito Finanziario
7D
2.3%
1Y
-10.1%
NEXI
€2.97
Nexi
7D
4.9%
1Y
-42.1%
ISP
€5.09
Intesa Sanpaolo
7D
-1.7%
1Y
2.9%
TRN
€9.47
Terna
7D
-6.2%
1Y
17.5%