Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Italian (Borsa Italiana) Market Analysis & Valuation

UpdatedDec 16, 2025
DataAggregated Company Financials
Companies391
  • 7D1.2%
  • 3M3.6%
  • 1Y24.7%
  • YTD25.7%

Over the last 7 days, the market has risen 1.2%, driven by gains of 3.6% in the Financials sector. As for the past 12 months, the market is up 25%. Looking forward, earnings are forecast to grow by 10.0% annually.

Trending IndustriesSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Mon, 27 Feb 2023€619.8b€945.0b€56.2b15.8x11x0.7x
Wed, 25 Jan 2023€604.4b€913.5b€51.8b16.3x11.7x0.7x
Fri, 23 Dec 2022€559.5b€913.8b€52.0b15.7x10.8x0.6x
Price to Earnings Ratio

10.8x


Total Market Cap: €559.5bTotal Earnings: €52.0bTotal Revenue: €913.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Italian Market Price to Earnings3Y Average 10.6x202320242025
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 15.7x which is higher than its 3-year average PE of 10.6x.
Past Earnings Growth
  • The earnings for Italian listed companies have grown 7.9% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.3% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits are increasing.

Sector Trends

Which sectors have driven the changes within the Italian Market?

IT Market1.21%
Financials3.64%
Materials1.91%
Consumer Staples1.63%
Telecom0.50%
Healthcare0.28%
Utilities0.21%
Industrials0.19%
Energy-1.86%
Consumer Discretionary-2.07%
Tech-2.08%
Real Estate-3.47%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 18.7x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 22.1%, which is higher than its past year's earnings growth of 7.4% per year.
  • The Financials sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 8.5x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 38% over the next 5 years.
  • This is better than its past earnings decline of 60% per year.
  • In contrast, the Utilities sector is expected to see its earnings grow by 3.4% 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€69.035.9%
+€6.0b		77.5%PB1.6xFinancials
ISP Intesa Sanpaolo€5.793.0%
+€2.9b		46.8%PB1.5xFinancials
BMPS Banca Monte dei Paschi di Siena€8.395.9%
+€1.4b		23.3%PB1xFinancials
BPE BPER Banca€11.025.3%
+€1.1b		75.0%PB1.4xFinancials
ENEL Enel€8.861.2%
+€1.0b		26.3%PE14.6xUtilities
See more

Market Insights

Header cover image
🤖 AI Companies Hit The Bond Market
Richard Bowman avatar
Richard Bowman
|
|
The recent dip in stock prices came on the back of stretched valuations and fears of an AI fueled bubble. This time the nervousness also spilled into the corporate bond market...
Continue reading
Three Reasons Why REITs Could Rally in 2026 🏘️
Last Week

Three Reasons Why REITs Could Rally in 2026 🏘️

Latest News

BAMI
€12.70
Banco BPM
7D
3.8%
1Y
59.9%

BAMI: Diversified Fee Shift And Cost Controls Will Support Balanced Returns

Analysts have nudged their price target for Banco BPM slightly higher to about EUR 13.19, reflecting a modestly richer future valuation multiple and confidence in the bank's diversified, fee driven growth profile, despite only marginal adjustments to the discount rate and revenue growth assumptions. Analyst Commentary Recent research updates present a mixed but generally constructive view on Banco BPM, with higher price targets reflecting improved earnings power, even as some caution emerges around the stock's recent outperformance and execution risks.
RACE
€314.00
Ferrari
7D
-4.4%
1Y
-25.3%

RACE: Future Capital Returns Will Drive Attractive Shareholder Upside Potential

Analysts have trimmed their price target on Ferrari to approximately $466 per share, down from about $545. They cited slightly lower expectations for revenue growth, profit margins, and future valuation multiples that still support a premium but a less aggressive long term outlook.
ENEL
€8.86
Enel
7D
1.2%
1Y
26.3%

ENEL: Execution On Earnings Guidance And Dividends Will Shape Medium-Term Upside

Analysts have modestly trimmed their price target on Enel to approximately EUR 9.00. This reflects slightly higher assumed revenue growth and valuation multiples, but also a more cautious stance on upside potential in light of recent target cuts and rating downgrades across the Street.
MONC
€56.50
Moncler
7D
-2.1%
1Y
9.9%

MONC: Future Execution In Softer Luxury Demand Will Shape Earnings Power

Analysts have nudged their Moncler fair value estimate slightly higher to roughly EUR 58 per share from about EUR 57.40 per share, citing updated price targets that reflect still constructive long term expectations despite modest trims to growth and profitability assumptions. Analyst Commentary Recent Street research reflects a more nuanced stance on Moncler, with modest price target cuts but a largely supportive view of the company’s long term trajectory and execution.
PST
€20.92
Poste Italiane
7D
3.3%
1Y
50.8%

PST: Market Will Focus On Interest Income And Dividend Payout Stability

Analysts have nudged their consolidated price target for Poste Italiane slightly higher to about EUR 23, reflecting broadly supportive views on valuation and earnings quality despite only modest tweaks to growth and profitability assumptions. Analyst Commentary Recent Street research continues to frame Poste Italiane as a relatively resilient income and rate sensitive name, with most targets clustering just above EUR 21 and moving toward the EUR 23 level.
ISP
€5.79
Intesa Sanpaolo
7D
3.0%
1Y
46.8%

ISP: Incremental Actions And Earnings Visibility Will Sustain Balanced Risk And Reward

Analysts have nudged their price target on Intesa Sanpaolo slightly higher, to about EUR 6.18 from EUR 6.17. This reflects a modestly lower discount rate and stable growth and profitability expectations, supported by recent research that highlights room for incremental improvements without requiring major strategic shifts.
SPM
€2.33
Saipem
7D
-5.6%
1Y
-10.4%

SPM Will Face Mixed Views As Project Execution Shapes Market Expectations

Analysts have nudged Saipem's fair value slightly lower, trimming the price target by EUR 0.01 as they factor in a reduced discount rate along with slightly weaker revenue growth and profit margin expectations. Analyst Commentary Recent Street research on Saipem reflects a mixed backdrop, with some major houses trimming their fair value assumptions even as others nudge targets higher.
PRY
€84.14
Prysmian
7D
-2.1%
1Y
34.8%

PRY: Shares Will Likely Track Balanced Order Execution And Richness Concerns Ahead

Prysmian's analyst price target has been nudged higher by about EUR 1 as analysts factor in slightly stronger long term revenue growth, marginally better profit margins, and a modestly higher future P/E multiple despite some recent target trims and a downgrade on valuation concerns. Analyst Commentary Recent Street research on Prysmian reflects a more nuanced stance, with modest target cuts alongside upgrades to fair value estimates, as analysts recalibrate expectations for growth, margins, and valuation.
ENI
€15.88
Eni
7D
-1.2%
1Y
21.2%
TEN
€17.11
Tenaris
7D
-2.9%
1Y
-7.0%

TEN: Buyback Completion And Interim Dividend Will Support Steady Outlook

Narrative Update on Tenaris Analysts have raised their fair value estimate for Tenaris modestly to approximately $18.67 from about $18.54, citing slightly higher long term revenue growth expectations, a small uplift in projected profit margins, and a marginally richer future price to earnings multiple. What's in the News Tenaris reported completing a major share repurchase program, buying back 33,059,955 shares since June 14, 2025, equivalent to 3.11% of shares outstanding, for a total of $588 million (company filing).
BMED
€18.91
Banca Mediolanum
7D
4.2%
1Y
62.0%

BMED: Future Upside Will Rely On Sustained Profitability And Execution

Analysts have nudged their price target for Banca Mediolanum slightly higher to EUR 19.64 from EUR 19.51, citing a modest improvement in projected profitability and aligning more closely with recent Street-level target increases to around EUR 20. Analyst Commentary Recent Street research reflects a generally constructive view on Banca Mediolanum, with bullish analysts pointing to an improved risk reward profile following the latest price target revisions.
BMPS
€8.39
Banca Monte dei Paschi di Siena
7D
5.9%
1Y
23.3%

BMPS: Index Inclusions Will Support Continued Upward Momentum

Analysts have inched up their price target for Banca Monte dei Paschi di Siena to 9.80 euros from 9.76 euros, citing slightly improved long term profitability assumptions and a modestly higher justified earnings multiple. What's in the News Banca Monte dei Paschi di Siena S.p.A. has been added to the S&P EUROPE 350, signaling broader recognition among large European equities (Key Developments).
BPE
€11.02
BPER Banca
7D
5.3%
1Y
75.0%

BPE: Index Inclusion And Buyback Plans Will Drive Future Momentum

Analysts have nudged their price target for BPER Banca slightly higher to EUR 12.00, reflecting improved expectations for revenue growth and margins, while noting the bank's growing status as a preferred Italian name despite some valuation driven rating adjustments. Analyst Commentary Recent research updates on BPER Banca highlight a mixed but generally constructive stance, with several firms acknowledging the bank as a preferred Italian banking exposure even as some recommendations moderate on valuation grounds.
UCG
€69.03
UniCredit
7D
5.9%
1Y
77.5%

UCG: Capital Returns And Commerzbank Stake Options Will Shape Future Share Performance

UniCredit's analyst price target has edged higher to about EUR 71.12 from EUR 70.99, as analysts factor in slightly stronger revenue growth expectations, offset by a marginally lower profit margin and discount rate. Analyst Commentary Recent Street research on UniCredit reflects a generally positive stance on the bank, with upward revisions to price targets from several bullish analysts and only a modest downward adjustment from more cautious voices.
STLAM
€10.11
Stellantis
7D
-1.6%
1Y
-20.6%

STLAM: U.S. Turnaround Investments And Product Pipeline Will Shape Balanced Outlook

Stellantis's analyst price target has been modestly raised to about $9.66 from $9.38, as analysts cite gradually improving earnings visibility, a more supportive product pipeline, and balanced Neutral to Buy stances despite ongoing macro and competitive pressures in European autos. Analyst Commentary Recent research updates present a mixed but gradually improving picture for Stellantis, with modest target price increases and at least one notable upgrade reflecting better confidence in the company’s medium term trajectory.
TPRO
€13.05
Technoprobe
7D
-5.1%
1Y
118.0%

Technoprobe S.p.A.'s (BIT:TPRO) P/S Is Still On The Mark Following 31% Share Price Bounce

Nov 14
Technoprobe S.p.A.'s (BIT:TPRO) P/S Is Still On The Mark Following 31% Share Price Bounce