Narrative Update • Aug 01
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Italian (Borsa Italiana) Market Analysis & Valuation
UpdatedAug 03, 2026
DataAggregated Company Financials
Companies388
- 7D0.3%
- 3M8.9%
- 1Y24.6%
- YTD12.2%
Over the last 7 days, the market has remained flat, although notably the Energy sector gained 4.3% in that time. More promisingly, the market is up 25% over the past year. Looking forward, earnings are forecast to grow by 10% annually.
Market Valuation and Performance
Has the Italian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 04 Aug 2026 | €1.2t | €836.4b | €49.2b | 17.7x | 24.2x | 1.4x |
| Thu, 02 Jul 2026 | €1.1t | €817.5b | €43.3b | 17.2x | 26.5x | 1.4x |
| Sat, 30 May 2026 | €1.1t | €816.9b | €43.3b | 17.5x | 25.8x | 1.4x |
| Mon, 27 Apr 2026 | €1.1t | €809.6b | €42.6b | 16.7x | 25.3x | 1.3x |
| Wed, 25 Mar 2026 | €998.7b | €811.3b | €43.2b | 15.7x | 23.1x | 1.2x |
| Fri, 20 Feb 2026 | €1.1t | €801.3b | €67.0b | 17.1x | 16.3x | 1.4x |
| Sun, 18 Jan 2026 | €1.1t | €800.6b | €65.5b | 17.2x | 16.3x | 1.3x |
| Tue, 16 Dec 2025 | €1.0t | €801.2b | €65.4b | 16.5x | 15.7x | 1.3x |
| Thu, 13 Nov 2025 | €1.0t | €801.0b | €65.1b | 16.6x | 16.1x | 1.3x |
| Sat, 11 Oct 2025 | €988.7b | €799.5b | €64.2b | 17.1x | 15.4x | 1.2x |
| Mon, 08 Sep 2025 | €962.1b | €798.8b | €64.1b | 17.4x | 15x | 1.2x |
| Wed, 06 Aug 2025 | €942.1b | €797.2b | €64.2b | 16.7x | 14.7x | 1.2x |
| Fri, 04 Jul 2025 | €919.6b | €806.3b | €71.7b | 16.7x | 12.8x | 1.1x |
| Sun, 01 Jun 2025 | €927.5b | €822.8b | €71.8b | 16x | 12.9x | 1.1x |
| Tue, 29 Apr 2025 | €866.5b | €810.3b | €70.7b | 14.4x | 12.3x | 1.1x |
| Thu, 27 Mar 2025 | €900.4b | €816.3b | €71.3b | 14.3x | 12.6x | 1.1x |
| Sat, 22 Feb 2025 | €800.0b | €834.2b | €73.4b | 14.3x | 10.9x | 1x |
| Mon, 20 Jan 2025 | €767.7b | €821.6b | €75.4b | 14.1x | 10.2x | 0.9x |
| Wed, 18 Dec 2024 | €732.0b | €832.3b | €75.9b | 13.9x | 9.6x | 0.9x |
| Fri, 15 Nov 2024 | €729.7b | €834.9b | €75.5b | 13.4x | 9.7x | 0.9x |
| Sun, 13 Oct 2024 | €729.0b | €836.6b | €75.3b | 14x | 9.7x | 0.9x |
| Tue, 10 Sep 2024 | €718.2b | €848.6b | €75.5b | 14.1x | 9.5x | 0.8x |
| Thu, 08 Aug 2024 | €702.6b | €844.8b | €75.8b | 14x | 9.3x | 0.8x |
| Sat, 06 Jul 2024 | €746.5b | €854.9b | €79.1b | 14.4x | 9.4x | 0.9x |
| Mon, 03 Jun 2024 | €776.4b | €868.9b | €79.9b | 14.5x | 9.7x | 0.9x |
| Wed, 01 May 2024 | €761.0b | €882.0b | €77.4b | 14.4x | 9.8x | 0.9x |
| Fri, 29 Mar 2024 | €786.6b | €885.6b | €78.6b | 13.9x | 10x | 0.9x |
| Sun, 25 Feb 2024 | €730.4b | €911.3b | €78.3b | 14.4x | 9.3x | 0.8x |
| Tue, 23 Jan 2024 | €670.6b | €921.7b | €77.4b | 14.9x | 8.7x | 0.7x |
| Thu, 21 Dec 2023 | €672.0b | €921.3b | €77.4b | 14.5x | 8.7x | 0.7x |
| Sat, 18 Nov 2023 | €648.9b | €923.6b | €77.4b | 13.8x | 8.4x | 0.7x |
| Mon, 16 Oct 2023 | €623.9b | €966.5b | €74.2b | 14x | 8.4x | 0.6x |
| Wed, 13 Sep 2023 | €641.7b | €963.0b | €73.8b | 15.6x | 8.7x | 0.7x |
| Fri, 11 Aug 2023 | €638.4b | €946.3b | €71.7b | 15.6x | 8.9x | 0.7x |
Price to Earnings Ratio
8.9x
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 23.9x which is higher than its 3-year average PE of 13.3x.
Past Earnings Growth
- The earnings for companies in the Italian industry have declined 12% per year over the last three years.
- Revenues have also declined 4.0% 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 | 2.11% | |
| Energy | 6.03% | |
| Tech | 2.88% | |
| Financials | 2.74% | |
| Healthcare | 2.08% | |
| Real Estate | 2.08% | |
| Consumer Discretionary | 1.85% | |
| Industrials | 1.73% | |
| Telecom | 1.62% | |
| Consumer Staples | 0.57% | |
| Utilities | -0.95% | |
| Materials | -1.29% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 39.2x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 37.9%, which is higher than its past year's earnings growth of 15.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 38% over the next 5 years.
- This is better than its past earnings growth rate of 15% per year.
- In contrast, the Energy 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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| ENI Eni | €23.70 | 7.6% +€4.4b | 60.7% | PE11.9x | Energy | |
| ISP Intesa Sanpaolo | €6.70 | 3.3% +€3.8b | 30.5% | PB1.7x | Financials | |
| UCG UniCredit | €83.80 | 2.7% +€3.3b | 30.2% | PB1.8x | Financials | |
| BPE BPER Banca | €14.52 | 5.1% +€1.5b | 74.0% | PB1.8x | Financials | |
| PRY Prysmian | €119.45 | 2.2% +€1.4b | 70.4% | PE25.6x | Industrials |
