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

Italian (Borsa Italiana) Market Analysis & Valuation

UpdatedDec 18, 2025
DataAggregated Company Financials
Companies392
  • 7D1.1%
  • 3M3.8%
  • 1Y25.7%
  • YTD25.4%

Over the last 7 days, the market has risen 1.1%, driven by gains of 3.6% in the Financials sector. In contrast, the Industrials sector is lagging, dropping 3.2%. The market is up 26% over the last 12 months. Looking forward, earnings are forecast to grow by 9.9% annually.

Trending IndustriesSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 19 Dec 2025€1.0t€801.2b€65.4b16.5x15.7x1.3x
Sun, 16 Nov 2025€1.0t€801.3b€65.3b16.4x15.8x1.3x
Tue, 14 Oct 2025€990.2b€799.7b€64.2b17x15.4x1.2x
Thu, 11 Sep 2025€971.5b€799.3b€64.1b17.6x15.2x1.2x
Sat, 09 Aug 2025€961.6b€798.0b€64.1b17.2x15x1.2x
Mon, 07 Jul 2025€913.0b€806.3b€71.7b16.6x12.7x1.1x
Wed, 04 Jun 2025€926.1b€822.8b€71.8b15.9x12.9x1.1x
Fri, 02 May 2025€872.7b€810.5b€70.5b14.4x12.4x1.1x
Sun, 30 Mar 2025€894.4b€821.8b€71.3b14.5x12.5x1.1x
Tue, 25 Feb 2025€801.3b€832.8b€73.4b14.3x10.9x1x
Thu, 23 Jan 2025€764.2b€821.4b€75.4b14.1x10.1x0.9x
Sat, 21 Dec 2024€721.1b€832.0b€76.0b13.7x9.5x0.9x
Mon, 18 Nov 2024€728.0b€834.2b€75.6b13.7x9.6x0.9x
Wed, 16 Oct 2024€734.7b€836.6b€75.3b14.1x9.8x0.9x
Fri, 13 Sep 2024€714.1b€836.7b€75.2b14.1x9.5x0.9x
Sun, 11 Aug 2024€701.7b€847.4b€75.5b13.9x9.3x0.8x
Tue, 09 Jul 2024€745.5b€855.0b€79.1b14.4x9.4x0.9x
Thu, 06 Jun 2024€774.8b€869.0b€79.9b14.6x9.7x0.9x
Sat, 04 May 2024€749.6b€869.8b€76.6b14.6x9.8x0.9x
Mon, 01 Apr 2024€787.0b€885.5b€78.7b14.2x10x0.9x
Wed, 28 Feb 2024€729.1b€911.1b€78.6b14.3x9.3x0.8x
Fri, 26 Jan 2024€673.3b€920.6b€76.8b14.8x8.8x0.7x
Sun, 24 Dec 2023€674.7b€921.3b€77.3b14.6x8.7x0.7x
Tue, 21 Nov 2023€649.8b€923.7b€77.3b14.2x8.4x0.7x
Thu, 19 Oct 2023€623.9b€966.5b€74.2b14x8.4x0.6x
Sat, 16 Sep 2023€646.5b€963.2b€73.8b15.5x8.8x0.7x
Mon, 14 Aug 2023€634.8b€951.5b€73.2b15.4x8.7x0.7x
Wed, 12 Jul 2023€625.2b€947.2b€69.6b15.6x9x0.7x
Fri, 09 Jun 2023€616.2b€947.1b€77.3b16.1x8x0.7x
Sun, 07 May 2023€626.4b€942.5b€76.5b16x8.2x0.7x
Tue, 04 Apr 2023€620.3b€943.1b€67.1b15.7x9.2x0.7x
Thu, 02 Mar 2023€624.8b€944.9b€56.2b16.3x11.1x0.7x
Sat, 28 Jan 2023€610.8b€913.5b€51.8b16.2x11.8x0.7x
Mon, 26 Dec 2022€561.8b€913.9b€51.8b15.7x10.8x0.6x
Price to Earnings Ratio

10.8x


Total Market Cap: €561.8bTotal Earnings: €51.8bTotal Revenue: €913.9bTotal 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 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 Market1.07%
Financials3.64%
Healthcare2.69%
Telecom1.94%
Materials1.06%
Consumer Staples0.29%
Consumer Discretionary-0.048%
Utilities-0.31%
Real Estate-1.06%
Energy-2.22%
Industrials-3.24%
Tech-4.64%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 18.9x.
    • 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€70.903.7%
+€4.0b		88.6%PB1.6xFinancials
ISP Intesa Sanpaolo€5.882.8%
+€2.8b		52.7%PB1.5xFinancials
BMPS Banca Monte dei Paschi di Siena€8.808.9%
+€2.2b		35.0%PB1xFinancials
BPE BPER Banca€11.405.2%
+€1.1b		87.9%PB1.4xFinancials
G Assicurazioni Generali€35.192.0%
+€1.0b		29.9%PE13.9xFinancials
See more

Market Insights

Header cover image
Three Sectors Expected to Rally in 2026 📈
With the backdrop of consistently strong broad market returns over the last few years, analysts are now looking at sector-specific plays that could outperform in 2026.
Continue reading
🤖 AI Companies Hit The Bond Market
Last Week

🤖 AI Companies Hit The Bond Market

Latest News

G
€35.19
Assicurazioni Generali
7D
2.0%
1Y
29.9%

G: Potential RedClick Sale And Reporting Visibility Will Shape Measured Future Upside

Analysts have modestly raised their price target on Assicurazioni Generali to €35.10 from €34.11, reflecting slightly stronger expected profit margins and a higher justified future P/E multiple. What's in the News Reports indicate Generali is weighing a potential sale of its Irish unit RedClick, less than two years after acquiring it from Liberty Mutual, as part of a broader strategic review of options for the business (Bloomberg).
FCT
€16.03
Fincantieri
7D
-13.1%
1Y
134.6%
DLG
€36.70
De'Longhi
7D
-2.8%
1Y
25.8%

Should You Think About Buying De'Longhi S.p.A. (BIT:DLG) Now?

Dec 17
Should You Think About Buying De'Longhi S.p.A. (BIT:DLG) Now?
RACE
€317.40
Ferrari
7D
1.0%
1Y
-22.4%

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
€8.62
Enel
7D
-1.1%
1Y
26.8%

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.
PST
€21.15
Poste Italiane
7D
2.2%
1Y
55.8%

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
€5.88
Intesa Sanpaolo
7D
2.8%
1Y
52.7%

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.
MB
€17.34
Mediobanca Banca di Credito Finanziario
7D
3.6%
1Y
25.1%

MB: Hostile Takeover And Leadership Shift Will Drive Future Upside Potential

Analysts have trimmed their price target on Mediobanca Banca di Credito Finanziario slightly to reflect a marginally lower fair value estimate of €19.53. They also acknowledge modest improvements in expected revenue growth, profit margins, and a slightly more favorable discount rate and future P/E profile.
CPR
€5.75
Davide Campari-Milano
7D
-2.3%
1Y
-5.6%

CPR: Margin Momentum Will Drive Stronger Earnings Expectations Into 2025

Analysts have nudged their average price target on Davide Campari-Milano slightly higher to about EUR 6.88 from EUR 6.76, reflecting stronger margin expectations and a series of recent target hikes and rating upgrades, despite somewhat softer revenue growth assumptions. Analyst Commentary Recent research updates show a gradual improvement in sentiment around Davide Campari-Milano, with several price target increases and rating upgrades balanced by more cautious views on valuation and growth visibility.
ENI
€15.72
Eni
7D
-1.1%
1Y
23.0%
TEN
€16.45
Tenaris
7D
-4.7%
1Y
-8.6%

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).
BMPS
€8.80
Banca Monte dei Paschi di Siena
7D
8.9%
1Y
35.0%

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
€11.40
BPER Banca
7D
5.2%
1Y
87.9%

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
€70.90
UniCredit
7D
3.7%
1Y
88.6%

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.
SOL
€48.00
SOL
7D
-1.6%
1Y
32.8%

Subdued Growth No Barrier To SOL S.p.A.'s (BIT:SOL) Price

Nov 27
Subdued Growth No Barrier To SOL S.p.A.'s (BIT:SOL) Price
TPRO
€12.45
Technoprobe
7D
-7.0%
1Y
118.6%

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