Narrative Update • Jun 02
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Italian (Borsa Italiana) Market Analysis & Valuation
UpdatedJun 06, 2026
DataAggregated Company Financials
Companies385
- 7D-0.6%
- 3M9.3%
- 1Y17.8%
- YTD6.5%
In the last week, the market has stayed flat, however the Energy sector stood out, gaining 3.9%. More promisingly, the market is up 19% over the past year. As for the next few years, earnings are expected to grow by 11% per annum.
Market Valuation and Performance
Has the Italian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 06 Jun 2026 | €1.1t | €817.2b | €43.3b | 17.3x | 25.6x | 1.4x |
| Mon, 04 May 2026 | €1.1t | €812.4b | €43.4b | 17x | 25x | 1.3x |
| Wed, 01 Apr 2026 | €1.0t | €811.0b | €42.9b | 15.7x | 23.8x | 1.3x |
| Fri, 27 Feb 2026 | €1.1t | €802.4b | €67.3b | 17.3x | 16.3x | 1.4x |
| Sun, 25 Jan 2026 | €1.0t | €800.4b | €65.4b | 17.3x | 16x | 1.3x |
| Tue, 23 Dec 2025 | €1.0t | €801.3b | €65.4b | 16.7x | 15.9x | 1.3x |
| Thu, 20 Nov 2025 | €1.0t | €800.1b | €65.4b | 16.3x | 15.3x | 1.3x |
| Sat, 18 Oct 2025 | €979.2b | €799.6b | €64.2b | 16.8x | 15.3x | 1.2x |
| Mon, 15 Sep 2025 | €983.8b | €799.7b | €64.1b | 17.8x | 15.3x | 1.2x |
| Wed, 13 Aug 2025 | €966.9b | €799.3b | €64.1b | 17.1x | 15.1x | 1.2x |
| Fri, 11 Jul 2025 | €934.4b | €806.3b | €71.7b | 16.7x | 13x | 1.2x |
| Sun, 08 Jun 2025 | €934.7b | €822.9b | €71.8b | 16x | 13x | 1.1x |
| Tue, 06 May 2025 | €892.1b | €810.6b | €70.5b | 15x | 12.7x | 1.1x |
| Thu, 03 Apr 2025 | €888.1b | €815.0b | €71.2b | 14.4x | 12.5x | 1.1x |
| Sat, 01 Mar 2025 | €811.8b | €814.7b | €66.1b | 14.1x | 12.3x | 1x |
| Mon, 27 Jan 2025 | €767.7b | €821.2b | €75.3b | 14.1x | 10.2x | 0.9x |
| Wed, 25 Dec 2024 | €720.9b | €832.1b | €76.0b | 13.8x | 9.5x | 0.9x |
| Fri, 22 Nov 2024 | €710.3b | €833.4b | €75.5b | 13.5x | 9.4x | 0.9x |
| Sun, 20 Oct 2024 | €745.9b | €836.9b | €75.3b | 14.3x | 9.9x | 0.9x |
| Tue, 17 Sep 2024 | €718.5b | €835.4b | €75.2b | 14.1x | 9.6x | 0.9x |
| Thu, 15 Aug 2024 | €710.9b | €848.3b | €75.4b | 13.9x | 9.4x | 0.8x |
| Sat, 13 Jul 2024 | €757.8b | €854.2b | €79.1b | 14.5x | 9.6x | 0.9x |
| Mon, 10 Jun 2024 | €774.9b | €867.7b | €79.8b | 14.7x | 9.7x | 0.9x |
| Wed, 08 May 2024 | €765.3b | €869.0b | €77.5b | 14.6x | 9.9x | 0.9x |
| Fri, 05 Apr 2024 | €782.0b | €885.6b | €78.7b | 14.3x | 9.9x | 0.9x |
| Sun, 03 Mar 2024 | €742.2b | €909.7b | €80.8b | 14.4x | 9.2x | 0.8x |
| Tue, 30 Jan 2024 | €674.7b | €920.6b | €76.8b | 15x | 8.8x | 0.7x |
| Thu, 28 Dec 2023 | €676.8b | €921.1b | €77.3b | 14.7x | 8.8x | 0.7x |
| Sat, 25 Nov 2023 | €647.5b | €923.7b | €77.3b | 14.2x | 8.4x | 0.7x |
| Mon, 23 Oct 2023 | €609.8b | €966.2b | €74.2b | 13.6x | 8.2x | 0.6x |
| Wed, 20 Sep 2023 | €644.3b | €964.3b | €73.8b | 15.2x | 8.7x | 0.7x |
| Fri, 18 Aug 2023 | €626.9b | €953.1b | €73.4b | 15.3x | 8.5x | 0.7x |
| Sun, 16 Jul 2023 | €636.3b | €946.9b | €69.5b | 16x | 9.2x | 0.7x |
| Tue, 13 Jun 2023 | €618.1b | €948.0b | €77.3b | 16.4x | 8x | 0.7x |
Price to Earnings Ratio
8x
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 25.7x which is higher than its 3-year average PE of 12.3x.
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 | -0.58% | |
| Energy | 4.45% | |
| Utilities | 0.57% | |
| Telecom | -0.0099% | |
| Healthcare | -0.12% | |
| Consumer Staples | -1.20% | |
| Financials | -1.20% | |
| Consumer Discretionary | -1.47% | |
| Tech | -2.01% | |
| Materials | -2.07% | |
| Industrials | -2.85% | |
| Real Estate | -5.47% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 37.5x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 35.7%, 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 36% 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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| ENI Eni | €23.55 | 4.5% +€3.0b | 76.4% | PE25.4x | Energy | |
| TEN Tenaris | €27.10 | 3.9% +€1.0b | 78.2% | PE16x | Energy | |
| RACE Ferrari | €300.40 | 1.8% +€916.7m | -29.3% | PE33.1x | Consumer Discretionary | |
| SPM Saipem | €4.40 | 6.9% +€551.0m | 89.8% | PE27.4x | Energy | |
| PST Poste Italiane | €25.75 | 1.5% +€504.7m | 34.9% | PE13.7x | Financials |
