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Italian (Borsa Italiana) Market Analysis & Valuation

UpdatedJan 12, 2026
DataAggregated Company Financials
Companies396
  • 7D0.5%
  • 3M8.4%
  • 1Y29.0%
  • YTD1.3%

Over the last 7 days, the market has remained flat, although notably the Information Technology sector gained 5.2% in that time. More promisingly, the market is up 29% over the past year. Earnings are forecast to grow by 9.2% annually.

Trending IndustriesSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 12 Jan 2026€1.1t€800.9b€65.4b17.1x16.3x1.3x
Wed, 10 Dec 2025€1.0t€801.0b€65.5b16.5x15.6x1.3x
Fri, 07 Nov 2025€1.0t€800.1b€65.1b16.7x15.5x1.3x
Sun, 05 Oct 2025€1.0t€799.5b€64.2b17.4x15.8x1.3x
Tue, 02 Sep 2025€980.3b€798.8b€64.1b17.8x15.3x1.2x
Thu, 31 Jul 2025€958.2b€794.6b€64.5b16.9x14.8x1.2x
Sat, 28 Jun 2025€916.2b€823.3b€71.7b16.2x12.8x1.1x
Mon, 26 May 2025€913.8b€821.8b€71.8b15.7x12.7x1.1x
Wed, 23 Apr 2025€835.0b€813.3b€71.0b14.1x11.8x1x
Fri, 21 Mar 2025€903.2b€813.3b€71.4b14.3x12.6x1.1x
Sun, 16 Feb 2025€796.3b€834.7b€74.0b14x10.8x1x
Tue, 14 Jan 2025€740.4b€819.1b€75.4b13.9x9.8x0.9x
Thu, 12 Dec 2024€739.4b€832.4b€75.9b14.1x9.7x0.9x
Sat, 09 Nov 2024€720.1b€834.3b€75.0b13.5x9.6x0.9x
Mon, 07 Oct 2024€718.7b€836.7b€75.2b13.9x9.6x0.9x
Wed, 04 Sep 2024€721.9b€848.2b€75.5b14.1x9.6x0.9x
Fri, 02 Aug 2024€723.9b€845.3b€75.6b14x9.6x0.9x
Sun, 30 Jun 2024€738.9b€868.7b€79.8b14x9.3x0.9x
Tue, 28 May 2024€782.1b€868.8b€79.7b14.8x9.8x0.9x
Thu, 25 Apr 2024€771.2b€882.7b€77.8b14.5x9.9x0.9x
Sat, 23 Mar 2024€778.5b€894.8b€79.7b13.9x9.8x0.9x
Mon, 19 Feb 2024€691.7b€916.0b€79.7b14.1x8.7x0.8x
Wed, 17 Jan 2024€674.0b€921.7b€77.4b14.8x8.7x0.7x
Fri, 15 Dec 2023€667.7b€921.2b€77.3b14.5x8.6x0.7x
Sun, 12 Nov 2023€631.8b€1.6t€275.1b14.1x2.3x0.4x
Tue, 10 Oct 2023€613.7b€966.5b€74.1b14.2x8.3x0.6x
Thu, 07 Sep 2023€632.8b€962.7b€73.7b15.7x8.6x0.7x
Sat, 05 Aug 2023€638.4b€943.8b€70.6b16.1x9x0.7x
Mon, 03 Jul 2023€627.3b€948.0b€77.2b16.1x8.1x0.7x
Wed, 31 May 2023€603.7b€946.8b€77.2b15.7x7.8x0.6x
Fri, 28 Apr 2023€625.2b€950.9b€74.6b16.1x8.4x0.7x
Sun, 26 Mar 2023€588.1b€948.1b€67.5b15.7x8.7x0.6x
Tue, 21 Feb 2023€633.6b€924.9b€57.6b16.1x11x0.7x
Thu, 19 Jan 2023€608.2b€913.5b€51.8b16.2x11.7x0.7x
Price to Earnings Ratio

11.7x


Total Market Cap: €608.2bTotal Earnings: €51.8bTotal Revenue: €913.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Italian Market Price to Earnings3Y Average 10.7x202420252026
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 16.3x which is higher than its 3-year average PE of 10.7x.
Past Earnings Growth
  • The earnings for Italian listed companies have grown 8.1% 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 Market0.53%
Tech5.20%
Utilities3.16%
Materials3.03%
Healthcare2.82%
Consumer Staples2.41%
Telecom2.40%
Industrials2.06%
Consumer Discretionary1.30%
Real Estate1.20%
Energy-0.86%
Financials-1.36%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 21.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 19.3%, which is higher than its past year's earnings growth of 6.3% 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 3.3% 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
LDO Leonardo€58.487.5%
+€2.3b		113.4%PE31.9xIndustrials
ENEL Enel€9.252.1%
+€1.9b		34.4%PE15.2xUtilities
RACE Ferrari€325.701.3%
+€762.3m		-20.0%PE36.1xConsumer Discretionary
SRG Snam€5.893.9%
+€738.0m		35.5%PE14.5xUtilities
TPRO Technoprobe€13.968.6%
+€718.7m		139.0%PE129xTech
See more

Market Insights

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Latest News

ENEL
€9.25
Enel
7D
2.1%
1Y
34.4%
SRG
€5.89
Snam
7D
3.9%
1Y
35.5%
UCG
€70.71
UniCredit
7D
-1.0%
1Y
75.4%

UCG: Earnings Guidance And Profitability Assumptions Will Support Further Upside Potential

Analysts have raised their fair value estimate for UniCredit from €84.30 to €85.70. This reflects recent price target increases to €79 and €76, supported by updated assumptions around revenue growth, profitability, and future P/E levels.
PRY
€87.28
Prysmian
7D
-4.7%
1Y
36.7%

PRY: Future Multiple Compression Will Likely Pressure Returns After Price Target Cuts

Analysts have trimmed their fair value estimate for Prysmian to about €60.90 from roughly €49.23, in line with recent Street price target reductions to €75 and €93 and reflecting updated assumptions for discount rate, modest revenue growth, profit margins, and future P/E. Analyst Commentary Street research on Prysmian currently reflects a more cautious tone, with recent price targets sitting at €75 and €93.
BMPS
€8.99
Banca Monte dei Paschi di Siena
7D
-2.8%
1Y
29.2%

BMPS: Fair Value And 2026 Shareholder Meeting Will Shape Future Outlook

Analysts have nudged their fair value estimate for Banca Monte dei Paschi di Siena to €9.96 from €9.80, reflecting slightly adjusted assumptions for discount rate, revenue growth, profit margin and future P/E, which together point to a modestly higher long term valuation profile. What's in the News Banca Monte dei Paschi di Siena has scheduled a Special and Extraordinary Shareholders Meeting for February 4, 2026, at 14:30 W.
BAMI
€12.66
Banco BPM
7D
-2.4%
1Y
58.4%

BAMI: Balanced Outlook As Fee Shift And Cost Controls Meet Tighter Ratings

Analysts have nudged their fair value estimate for Banco BPM slightly higher to €13.21, supported by modest adjustments to earnings assumptions and fresh price targets around €12.70 to €13.28 that reflect more cautious ratings while still clustering near the updated level. Analyst Commentary Recent research on Banco BPM points to a more mixed stance from the Street, with price targets moving closer to the new fair value estimate but ratings turning more cautious.
RACE
€325.70
Ferrari
7D
1.3%
1Y
-20.0%

RACE: Future Capital Returns Will Be Driven By Buybacks And Premium Partnerships

Analysts now estimate Ferrari's fair value at $435, down from $466. This reflects their updated views on slightly higher revenue growth, stronger profit margins, and a lower future P/E multiple.
STLAM
€9.40
Stellantis
7D
-2.2%
1Y
-22.0%

STLAM: Future Execution And Tariff Relief Will Support A Re Rating

Narrative Update: Stellantis Stellantis' updated fair value estimate has shifted from €12.68 to about €13.68 as analysts weigh a higher future P/E assumption, reflect slightly higher perceived risk, and factor in more cautious views on revenue growth and profit margins, while recent Neutral ratings and modest price target moves highlight a balanced outlook on the stock. Analyst Commentary Recent Street research on Stellantis has struck a cautious tone overall, but there are a few clear positives that stand out for investors focused on valuation support and execution in a tougher European auto backdrop.
ENI
€16.07
Eni
7D
-3.2%
1Y
15.8%

ENI: Upcoming 2026 Plan And Production Outlook Will Shape Balanced View

Analysts have nudged their price target on Eni slightly lower to €16.53 from roughly €16.54, reflecting small adjustments to the discount rate, revenue growth, profit margin assumptions and future P/E expectations. What's in the News A board meeting is scheduled for February 25, 2026 to review preliminary financial statements as of December 31, 2025 and to consider a resolution on distribution of reserves in place of the 2025 dividend (company event filing).
LDO
€58.48
Leonardo
7D
7.5%
1Y
113.4%
TPRO
€13.96
Technoprobe
7D
8.6%
1Y
139.0%
G
€34.82
Assicurazioni Generali
7D
-3.6%
1Y
23.2%
ISP
€5.93
Intesa Sanpaolo
7D
-1.8%
1Y
49.7%

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

Analysts have nudged their average price target on Intesa Sanpaolo slightly higher to approximately EUR 6.20, reflecting broadly unchanged assumptions on revenue growth, profit margins, and discount rates, and a view that incremental, controllable actions can sustain the bank's leading profitability without the need for revolutionary change. Analyst Commentary Analyst sentiment on Intesa Sanpaolo remains broadly constructive, with most commentators highlighting the bank's solid earnings profile and scope for steady value creation, even as some trim valuation assumptions at the margin.
TIT
€0.54
Telecom Italia
7D
4.8%
1Y
110.4%

Telecom Italia S.p.A.'s (BIT:TIT) Price In Tune With Revenues

Dec 19
Telecom Italia S.p.A.'s (BIT:TIT) Price In Tune With Revenues
TRN
€9.40
Terna
7D
3.5%
1Y
23.4%

These 4 Measures Indicate That Terna (BIT:TRN) Is Using Debt Extensively

Dec 05
These 4 Measures Indicate That Terna (BIT:TRN) Is Using Debt Extensively
IG
€10.32
Italgas
7D
6.9%
1Y
92.0%