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Portuguese (PSI) Market Analysis & Valuation
UpdatedMar 24, 2026
DataAggregated Company Financials
Companies44
- 7D-3.6%
- 3M8.1%
- 1Y30.3%
- YTD5.1%
Over the last 7 days, the market has dropped 3.2%, driven by a pullback of 10% in the Consumer Staples sector. In contrast, the Energy sector has actually gained 3.3%. In contrast to the last week, the market is actually up 31% over the past year. Earnings are forecast to grow by 8.9% annually.
Market Valuation and Performance
Has the Portuguese Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 24 Mar 2026 | €90.3b | €107.8b | €5.4b | 15.3x | 16.8x | 0.8x |
| Thu, 19 Feb 2026 | €93.1b | €108.5b | €4.0b | 14x | 23.3x | 0.9x |
| Sat, 17 Jan 2026 | €88.8b | €108.5b | €4.0b | 13.4x | 22.2x | 0.8x |
| Mon, 15 Dec 2025 | €81.7b | €108.3b | €4.0b | 13.2x | 20.6x | 0.8x |
| Wed, 12 Nov 2025 | €84.8b | €108.0b | €3.9b | 13.2x | 21.8x | 0.8x |
| Fri, 10 Oct 2025 | €85.9b | €107.7b | €4.0b | 13x | 21.7x | 0.8x |
| Sun, 07 Sep 2025 | €79.9b | €107.8b | €4.0b | 12x | 19.8x | 0.7x |
| Tue, 05 Aug 2025 | €80.1b | €107.8b | €4.1b | 12.1x | 19.4x | 0.7x |
| Thu, 03 Jul 2025 | €79.0b | €107.0b | €4.4b | 11.8x | 17.9x | 0.7x |
| Sat, 31 May 2025 | €75.9b | €107.1b | €4.5b | 11.7x | 17x | 0.7x |
| Mon, 28 Apr 2025 | €71.3b | €106.1b | €4.4b | 11.8x | 16x | 0.7x |
| Wed, 26 Mar 2025 | €69.9b | €105.5b | €4.5b | 11.6x | 15.5x | 0.7x |
| Fri, 21 Feb 2025 | €69.4b | €104.4b | €5.6b | 11.9x | 12.5x | 0.7x |
| Sun, 19 Jan 2025 | €70.0b | €104.5b | €5.9b | 12x | 11.9x | 0.7x |
| Tue, 17 Dec 2024 | €70.0b | €104.8b | €5.9b | 11.8x | 11.9x | 0.7x |
| Thu, 14 Nov 2024 | €71.4b | €104.6b | €5.8b | 12.7x | 12.2x | 0.7x |
| Sat, 12 Oct 2024 | €78.8b | €105.0b | €6.4b | 12.6x | 12.3x | 0.8x |
| Mon, 09 Sep 2024 | €79.2b | €104.9b | €6.5b | 13x | 12.3x | 0.8x |
| Wed, 07 Aug 2024 | €76.2b | €104.7b | €6.4b | 12.1x | 11.8x | 0.7x |
| Fri, 05 Jul 2024 | €79.2b | €103.3b | €5.8b | 12.8x | 13.7x | 0.8x |
| Sun, 02 Jun 2024 | €81.5b | €103.2b | €5.8b | 13.5x | 14.1x | 0.8x |
| Tue, 30 Apr 2024 | €78.9b | €103.8b | €5.7b | 13.6x | 13.8x | 0.8x |
| Thu, 28 Mar 2024 | €73.7b | €102.4b | €5.7b | 11.7x | 12.9x | 0.7x |
| Sat, 24 Feb 2024 | €75.5b | €101.7b | €5.6b | 12x | 13.5x | 0.7x |
| Mon, 22 Jan 2024 | €79.7b | €103.1b | €5.8b | 12x | 13.8x | 0.8x |
| Wed, 20 Dec 2023 | €83.0b | €103.3b | €5.8b | 11x | 14.3x | 0.8x |
| Fri, 17 Nov 2023 | €79.7b | €103.1b | €5.9b | 10.8x | 13.6x | 0.8x |
| Sun, 15 Oct 2023 | €74.4b | €105.8b | €5.5b | 9.8x | 13.5x | 0.7x |
| Tue, 12 Sep 2023 | €79.2b | €106.0b | €5.6b | 9.9x | 14.2x | 0.7x |
| Thu, 10 Aug 2023 | €79.4b | €104.8b | €5.5b | 9.4x | 14.3x | 0.8x |
| Sat, 08 Jul 2023 | €78.8b | €106.6b | €6.3b | 9.3x | 12.5x | 0.7x |
| Mon, 05 Jun 2023 | €80.9b | €106.5b | €6.3b | 9.9x | 12.9x | 0.8x |
| Wed, 03 May 2023 | €82.3b | €107.3b | €5.5b | 9.5x | 14.8x | 0.8x |
| Fri, 31 Mar 2023 | €81.9b | €105.6b | €5.6b | 9.3x | 14.6x | 0.8x |
Price to Earnings Ratio
14.6x
Current Market PE
- Investors are relatively neutral on the Portuguese market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 15.4x.
Past Earnings Growth
- Both revenue and earnings for Portuguese listed companies have remained mostly flat over the last three years.
- This means sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.
Sector Trends
Which sectors have driven the changes within the Portuguese Market?
| PT Market | -3.65% | |
| Healthcare | 9.57% | |
| Financials | 0.93% | |
| Real Estate | -0.12% | |
| Telecom | -1.13% | |
| Consumer Discretionary | -1.61% | |
| Energy | -1.88% | |
| Materials | -2.20% | |
| Tech | -2.31% | |
| Utilities | -3.15% | |
| Industrials | -5.25% | |
| Consumer Staples | -10.22% | |
Sector PE
- Investors favour the Real Estate sector the most for future growth, which is trading above its 3-year average PE ratio of 4.4x.
- Analysts are expecting annual earnings growth of 6.8%, which is lower than the prior year's growth of 10.9% per year.
- The Industrials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 16.2x.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 26% over the next 5 years.
- This is better than its past earnings decline of 60% per year.
- In contrast, the Energy sector is expected to see its earnings decline by 5.5% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| BCP Banco Comercial Português | €0.80 | 0.9% +€109.6m | 45.4% | PB1.5x | Financials | |
| SNC Sonaecom SGPS | €2.98 | 2.1% +€18.3m | 25.2% | PE800.5x | Telecom | |
| MLFMV Farminveste S.G.P.S | €4.12 | 9.6% +€7.2m | 261.4% | PE11.8x | Healthcare | |
| ALTR Altri SGPS | €4.67 | 0.2% +€2.1m | -23.7% | PE44.8x | Materials | |
| ESON Estoril Sol SGPS | €3.40 | 3.0% +€1.2m | -22.7% | PS0.2x | Consumer Discretionary |
