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

Italian (Borsa Italiana) Market Analysis & Valuation

UpdatedDec 03, 2025
DataAggregated Company Financials
Companies389
  • 7D1.2%
  • 3M4.3%
  • 1Y26.5%
  • YTD24.2%

Over the last 7 days, the market has risen 1.2%, driven by gains of 1.3% in the Financials sector. As for the past 12 months, the market is up 27%. Earnings are forecast to grow by 9.8% annually.

Trending IndustriesSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 03 Dec 2025€1.0t€801.1b€65.5b16.4x15.5x1.3x
Fri, 31 Oct 2025€1.0t€799.6b€64.7b17x15.7x1.3x
Sun, 28 Sep 2025€992.1b€799.5b€64.2b17.6x15.4x1.2x
Tue, 26 Aug 2025€995.6b€798.8b€64.1b17.9x15.5x1.2x
Thu, 24 Jul 2025€939.1b€806.6b€71.8b17.2x13.1x1.2x
Sat, 21 Jun 2025€905.9b€823.3b€71.8b15.9x12.6x1.1x
Mon, 19 May 2025€935.5b€821.5b€71.8b15.8x13x1.1x
Wed, 16 Apr 2025€833.7b€813.6b€71.0b14.2x11.7x1x
Fri, 14 Mar 2025€807.2b€813.1b€67.9b14.2x11.9x1x
Sun, 09 Feb 2025€783.7b€834.1b€74.8b13.9x10.5x0.9x
Tue, 07 Jan 2025€740.2b€821.1b€75.4b14.2x9.8x0.9x
Thu, 05 Dec 2024€724.0b€832.4b€75.9b13.8x9.5x0.9x
Sat, 02 Nov 2024€730.1b€836.9b€74.4b13.6x9.8x0.9x
Mon, 30 Sep 2024€738.9b€836.3b€75.1b14.3x9.8x0.9x
Wed, 28 Aug 2024€722.3b€848.0b€75.5b14.2x9.6x0.9x
Fri, 26 Jul 2024€745.7b€854.2b€79.5b14.4x9.4x0.9x
Sun, 23 Jun 2024€745.7b€888.3b€78.8b14.2x9.5x0.8x
Tue, 21 May 2024€775.8b€861.0b€79.0b15x9.8x0.9x
Thu, 18 Apr 2024€760.7b€978.9b€83.8b14.4x9.1x0.8x
Sat, 16 Mar 2024€770.4b€894.5b€79.1b14x9.7x0.9x
Mon, 12 Feb 2024€677.7b€922.9b€80.2b14.1x8.5x0.7x
Wed, 10 Jan 2024€677.4b€921.6b€77.4b14.9x8.8x0.7x
Fri, 08 Dec 2023€660.0b€923.5b€77.3b14.4x8.5x0.7x
Sun, 05 Nov 2023€636.2b€949.1b€72.1b14x8.8x0.7x
Tue, 03 Oct 2023€628.6b€965.3b€73.8b14.6x8.5x0.7x
Thu, 31 Aug 2023€646.1b€962.3b€73.7b15.8x8.8x0.7x
Sat, 29 Jul 2023€650.0b€930.7b€70.4b15.8x9.2x0.7x
Mon, 26 Jun 2023€610.0b€947.9b€77.2b15.9x7.9x0.6x
Wed, 24 May 2023€616.6b€946.7b€77.2b16.3x8x0.7x
Fri, 21 Apr 2023€630.4b€950.9b€74.6b16.1x8.5x0.7x
Sun, 19 Mar 2023€572.8b€937.8b€65.7b15.4x8.7x0.6x
Tue, 14 Feb 2023€631.0b€920.1b€57.2b15.9x11x0.7x
Thu, 12 Jan 2023€595.6b€913.7b€51.8b16.1x11.5x0.7x
Sat, 10 Dec 2022€569.3b€913.5b€51.9b15.9x11x0.6x
Price to Earnings Ratio

11x


Total Market Cap: €569.3bTotal Earnings: €51.9bTotal Revenue: €913.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Italian Market Price to Earnings3Y Average 10.5x202320242025
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 15.5x which is higher than its 3-year average PE of 10.5x.
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 Market1.21%
Tech4.60%
Consumer Staples2.62%
Energy2.00%
Utilities1.60%
Financials1.26%
Industrials1.06%
Real Estate1.00%
Consumer Discretionary0.84%
Materials-0.48%
Healthcare-1.34%
Telecom-1.60%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 17.6x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 20.8%, 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 3.3% 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
UCG UniCredit€65.373.5%
+€3.5b		74.3%PB1.5xFinancials
ENEL Enel€8.952.0%
+€1.8b		29.5%PE14.7xUtilities
ISP Intesa Sanpaolo€5.601.7%
+€1.6b		52.1%PB1.5xFinancials
ENI Eni€16.193.2%
+€1.5b		20.2%PE18.8xEnergy
G Assicurazioni Generali€34.533.0%
+€1.5b		24.7%PE13.6xFinancials
See more

Market Insights

Header cover image
🏰 Defensive Stocks Are No Longer Cheap
Richard Bowman avatar
Richard Bowman
|
|
In this piece, we’ll cover the key defensive sectors across the US, Canada, the UK, Europe, and Australia, compare their valuations to the broader market, and highlight where “safety” might actually be expensive risk in disguise.
Continue reading
🇬🇧 London’s IPO Drought and the Hunt for the UK’s Real Winners
Last Week

🇬🇧 London’s IPO Drought and the Hunt for the UK’s Real Winners

Latest News

DLG
€35.46
De'Longhi
7D
-3.6%
1Y
24.3%

Is De'Longhi (BIT:DLG) A Risky Investment?

Dec 03
Is De'Longhi (BIT:DLG) A Risky Investment?
FCT
€16.83
Fincantieri
7D
-4.5%
1Y
182.8%

FCT: Renewed Defense Contracts Will Fuel Sustained Earnings Momentum Ahead

Analysts have raised their price target for Fincantieri from €22.16 to €22.51, citing incremental improvements in revenue growth expectations and fair value. However, slight increases in the discount rate and future P/E have tempered profit margin projections.
TIT
€0.49
Telecom Italia
7D
-1.8%
1Y
118.6%

Here's Why Telecom Italia (BIT:TIT) Is Weighed Down By Its Debt Load

Dec 01
Here's Why Telecom Italia (BIT:TIT) Is Weighed Down By Its Debt Load
BZU
€51.75
Buzzi
7D
-2.1%
1Y
27.1%

BZU: European Construction Cycle Stabilization Will Drive Performance Amid Regulatory Shifts

Analysts have raised their price target for Buzzi from €48.11 to €51.26. This reflects increased confidence in growth drivers and cement pricing trends across the sector.
RACE
€331.30
Ferrari
7D
-0.7%
1Y
-21.4%

RACE: New Share Buyback Plan Will Support Stronger Future Returns

Ferrari's analyst price target has inched up marginally from $403.43 to $404.24, reflecting analysts' confidence in the company's stable financial performance and outlook. What's in the News Ferrari has completed the repurchase of 5,624,556 shares, representing 3.12% of its shares, for €1,878.95 million under its share buyback program announced in June 2022 (Key Developments).
ENEL
€8.95
Enel
7D
2.0%
1Y
29.5%

ENEL: Shifting Sentiment And Execution Risk Will Influence Medium-Term Outlook

Enel's analyst price target has been raised slightly, increasing from €8.63 to €8.80. Analysts cite updated revenue growth forecasts and adjustments to discount rates as the main factors behind the change.
MONC
€58.40
Moncler
7D
3.8%
1Y
25.8%

MONC: Future Profit Margins And Macro Risks Will Define Performance

Moncler's analyst price target has been reduced slightly, with updated targets ranging from EUR 51 to EUR 58.60. Analysts cite tempered revenue growth expectations balanced by resilient profit margins.
ISP
€5.60
Intesa Sanpaolo
7D
1.7%
1Y
52.1%

ISP: Incremental Improvements And Efficiency Will Sustain Balanced Risk And Opportunity Ahead

Intesa Sanpaolo's analyst price target has increased slightly from €6.16 to €6.17, as analysts cite steady profitability drivers and manageable growth expectations which underpin their outlook. Analyst Commentary Recent research coverage of Intesa Sanpaolo highlights a blend of optimism and caution among analysts covering the stock.
REC
€49.52
Recordati Industria Chimica e Farmaceutica
7D
-2.3%
1Y
-4.3%

REC: Margins Will Rise On Interim Dividend And Share Buyback Completion

Analysts have adjusted their price target for Recordati Industria Chimica e Farmaceutica slightly downward from €60.32 to €60.30. This reflects modest changes in revenue growth expectations and profit margin forecasts.
MB
€16.69
Mediobanca Banca di Credito Finanziario
7D
-2.7%
1Y
20.5%

MB: Board Decision On $18B Bid Will Shape Leadership And Listing Outcome

Analysts have raised their price target for Mediobanca Banca di Credito Finanziario from €19.18 to €19.59. This revision reflects improved profit margin expectations and a modestly lower discount rate in their updated assessment.
BMPS
€7.63
Banca Monte dei Paschi di Siena
7D
-12.2%
1Y
22.8%

BMPS: Upward Momentum Will Continue With Potential Mediobanca Bid Increase

Analysts have raised their price target for Banca Monte dei Paschi di Siena from €9.52 to €9.76, citing slightly improved revenue growth forecasts and a lower discount rate. This comes despite more conservative expectations for profit margins and future earnings multiples.
BPE
€10.60
BPER Banca
7D
4.5%
1Y
83.4%

BPE: Strong Sector Position And Index Inclusion Will Drive Further Momentum

Analysts have raised the fair value estimate for BPER Banca from €11.40 to €12.00. This reflects enhanced profit margins and sector-wide upgrades, despite mixed rating changes.
UCG
€65.37
UniCredit
7D
3.5%
1Y
74.3%

UCG: Capital Returns Near 11% Will Drive Share Performance Forward

Analysts have increased their fair value estimate for UniCredit from approximately €68.29 to €71.00. They cite improved profit margins and stronger revenue growth expectations as key factors driving this upward revision.
ENI
€16.19
Eni
7D
3.2%
1Y
20.2%

ENI: Upward Production Guidance and Energy Partnerships to Shape 2025 Outlook

Analysts have raised their price target for Eni from $16.12 to $16.31, citing improved revenue growth expectations and a modest increase in profit margins. What's in the News Eni raised its oil and gas production guidance for 2025 to a range of 1.71 million to 1.72 million barrels of oil equivalent per day.
G
€34.53
Assicurazioni Generali
7D
3.0%
1Y
24.7%

G: Upcoming Solvency Review May Shape Earnings and Optionality Outlook

Narrative Update: Assicurazioni Generali Price Target Raised Analysts have revised their fair value estimate for Assicurazioni Generali upward to €33.50 from €33.16. This adjustment reflects enhanced earnings potential and anticipated benefits from regulatory changes that support a higher price target.
TPRO
€12.97
Technoprobe
7D
10.4%
1Y
121.5%

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