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Italian (Borsa Italiana) Market Analysis & Valuation

UpdatedSep 19, 2025
DataAggregated Company Financials
Companies394
  • 7D-0.2%
  • 3M7.4%
  • 1Y22.9%
  • YTD20.8%

In the last week, the market has stayed flat, however the Information Technology sector stood out, gaining 7.1%. As for the longer term, the market has risen 23% in the past 12 months. As for the next few years, earnings are expected to grow by 9.2% per annum.

Trending IndustriesSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 19 Sep 2025€989.2b€799.7b€64.1b17.9x15.4x1.2x
Sun, 17 Aug 2025€981.7b€798.9b€64.1b17.2x15.3x1.2x
Tue, 15 Jul 2025€928.4b€806.4b€71.7b16.6x12.9x1.2x
Thu, 12 Jun 2025€926.3b€823.0b€71.8b16.3x12.9x1.1x
Sat, 10 May 2025€909.5b€814.4b€71.8b15.1x12.7x1.1x
Mon, 07 Apr 2025€810.2b€815.3b€71.1b13.6x11.4x1x
Wed, 05 Mar 2025€797.1b€814.1b€67.3b13.9x11.8x1x
Fri, 31 Jan 2025€771.6b€833.3b€75.4b14.2x10.2x0.9x
Sun, 29 Dec 2024€728.5b€832.1b€76.0b13.8x9.6x0.9x
Tue, 26 Nov 2024€714.4b€834.5b€75.6b13.5x9.5x0.9x
Thu, 24 Oct 2024€733.3b€837.2b€75.4b14x9.7x0.9x
Sat, 21 Sep 2024€720.6b€836.8b€75.2b14.3x9.6x0.9x
Mon, 19 Aug 2024€709.7b€848.1b€75.5b14.1x9.4x0.8x
Wed, 17 Jul 2024€753.9b€854.2b€79.1b14.6x9.5x0.9x
Fri, 14 Jun 2024€766.2b€869.1b€79.9b14.1x9.6x0.9x
Sun, 12 May 2024€775.1b€863.3b€79.1b14.6x9.8x0.9x
Tue, 09 Apr 2024€778.5b€886.4b€78.7b14.4x9.9x0.9x
Thu, 07 Mar 2024€758.2b€921.1b€80.4b14.3x9.4x0.8x
Sat, 03 Feb 2024€679.8b€920.7b€76.8b15x8.9x0.7x
Mon, 01 Jan 2024€675.5b€921.2b€77.3b15x8.7x0.7x
Wed, 29 Nov 2023€646.3b€923.6b€77.3b14.3x8.4x0.7x
Fri, 27 Oct 2023€608.1b€967.4b€74.8b13.6x8.1x0.6x
Sun, 24 Sep 2023€638.9b€964.5b€73.8b15.1x8.7x0.7x
Tue, 22 Aug 2023€624.8b€962.3b€73.7b15.2x8.5x0.6x
Thu, 20 Jul 2023€636.5b€947.1b€69.5b16.1x9.2x0.7x
Sat, 17 Jun 2023€626.3b€947.9b€77.2b16x8.1x0.7x
Mon, 15 May 2023€622.9b€945.4b€77.3b15.6x8.1x0.7x
Wed, 12 Apr 2023€629.0b€946.0b€67.1b16.5x9.4x0.7x
Fri, 10 Mar 2023€631.1b€948.0b€57.5b16.3x11x0.7x
Sun, 05 Feb 2023€620.6b€917.3b€55.7b16x11.1x0.7x
Tue, 03 Jan 2023€568.3b€913.8b€51.8b15.6x11x0.6x
Thu, 01 Dec 2022€596.6b€918.6b€52.0b16x11.5x0.6x
Sat, 29 Oct 2022€563.3b€897.8b€52.2b15.5x10.8x0.6x
Mon, 26 Sep 2022€569.9b€923.2b€53.2b15.7x10.7x0.6x
Price to Earnings Ratio

10.7x


Total Market Cap: €569.9bTotal Earnings: €53.2bTotal Revenue: €923.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Italian Market Price to Earnings3Y Average 10.2x202320242025
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 15.3x which is higher than its 3-year average PE of 10.2x.
Past Earnings Growth
  • The earnings for Italian listed companies have grown 6.4% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.7% 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 Market0.0031%
Tech7.12%
Materials3.31%
Real Estate1.19%
Industrials1.04%
Consumer Discretionary0.81%
Consumer Staples0.78%
Telecom0.49%
Utilities-0.42%
Financials-0.56%
Energy-0.60%
Healthcare-2.32%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 11.3x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 19.2%, which is higher than its past year's earnings growth of 3.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 39% over the next 5 years.
  • However this is lower than its past earnings growth rate of 53% per year.
  • In contrast, the Utilities sector is expected to see its earnings grow by 3.2% 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
BMPS Banca Monte dei Paschi di Siena€8.090.1%
+€10.4b		61.9%PB1.8xFinancials
TPRO Technoprobe€8.5022.6%
+€1.0b		30.1%PE78.5xTech
STLAM Stellantis€8.403.1%
+€736.6m		-39.8%PS0.2xConsumer Discretionary
BAMI Banco BPM€12.783.9%
+€713.2m		108.2%PB1.3xFinancials
PRY Prysmian€81.282.6%
+€584.9m		23.8%PE31.1xIndustrials
See more

Market Insights

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Richard Bowman
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It’s been a while since we checked in on commodity markets, which, like other markets, are having quite the interesting year. In particular, gold continues its march upward, while oil remains in a slump. As for the rest, most have been up and down and ended up close to where they were a year ago. By the end, you’ll see why gold stocks still look cheap despite these record prices — and why oil stocks, oddly enough, look expensive even as crude declines.
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TPRO
€8.50
Technoprobe
7D
22.6%
1Y
30.1%
BMPS
€8.09
Banca Monte dei Paschi di Siena
7D
0.1%
1Y
61.9%
PRY
€81.28
Prysmian
7D
2.6%
1Y
23.8%

US Electrification And Grid Modernization Will Transform Infrastructure

Prysmian’s analyst price target has been revised upward, reflecting increased confidence in EBITDA growth, improved margin initiatives, and robust demand from European grid and renewable projects, resulting in a new consensus fair value of €76.91. Analyst Commentary Bullish analysts expect continued EBITDA growth in 2025 and 2026, prompting upward revisions to near and medium-term forecasts.
STLAM
€8.40
Stellantis
7D
3.1%
1Y
-39.8%

Electrification And Global Market Expansion Will Unlock Value

Stellantis’ fair value modestly declined to €9.38 as analysts flag manageable, largely self-inflicted operating challenges and restructuring costs amid ongoing industry headwinds and a weak autos outlook, while awaiting clearer signs of operational improvement. Analyst Commentary Bullish analysts expect Stellantis' earnings decline to stabilize, supported by easing product launch delays in Europe and improved model positioning in North America following de-stocking.
UCG
€64.58
UniCredit
7D
-3.1%
1Y
70.4%
BMED
€16.83
Banca Mediolanum
7D
-2.6%
1Y
49.6%

Italian And Spanish Headwinds Will Erode Profit Margins

Analysts maintain a positive outlook on Banca Mediolanum due to robust share price momentum, but valuation concerns following the stock’s rally have limited further upside, resulting in an unchanged consensus price target of €17.11. Analyst Commentary Bullish analysts cited strong share price momentum, with the stock up 50% year-to-date.
TEN
€14.96
Tenaris
7D
-2.3%
1Y
11.8%

Expanding Global Infrastructure Will Unlock Opportunities But Face Transition Risks

Despite a notable decline in Tenaris’s future P/E ratio, indicating improved value or lower growth expectations, the consensus analyst price target remained unchanged at €17.58. What's in the News Tenaris completed the repurchase of 109,475,548 shares (9.64%) for $1,888.9 million under its previous buyback program.
ISP
€5.44
Intesa Sanpaolo
7D
-0.5%
1Y
43.2%

Digital Transformation, ESG, And European Integration Will Drive Future Opportunity

Analysts maintain a positive outlook on Intesa Sanpaolo driven by resilient profitability, strong capital management, and sustained operating performance, resulting in no change to the consensus price target, which remains at €5.88. Analyst Commentary Bullish analysts attribute the price target increases to improved earnings visibility and resilient profitability.
G
€32.63
Assicurazioni Generali
7D
-1.0%
1Y
26.1%

Digitalization And Global Expansion Will Secure Enduring Value

Despite strong earnings momentum, margin tailwinds, positive solvency review catalysts, and reinforced Overweight ratings, the consensus analyst price target for Assicurazioni Generali remained unchanged at €32.67. Analyst Commentary Bullish analysts highlight Generali's strong earnings momentum, expecting the company to beat 2025 and 2026 estimates driven by margin tailwinds.
ENEL
€7.75
Enel
7D
-0.9%
1Y
11.1%

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TRN
€8.32
Terna
7D
-1.8%
1Y
5.1%

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Sep 02
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BC
€105.60
Brunello Cucinelli
7D
7.1%
1Y
20.3%
REY
€123.20
Reply
7D
7.0%
1Y
-10.0%

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Aug 27
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MONC
€50.74
Moncler
7D
3.0%
1Y
0.2%

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Aug 12
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SRG
€5.02
Snam
7D
-1.9%
1Y
11.9%

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Aug 03
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BAMI
€12.78
Banco BPM
7D
3.9%
1Y
108.2%