Banca Generali BGN.MI
ItalyFinancial Services · Banks - RegionalBorsa Italiana · EUR
72.38 EUR (+20.7%)
5 analysts
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Banca Generali is an Italian wealth manager offering savings, investment, and insurance products to private and private banking clients, with a business model based on distribution through a network of financial advisors.
Listed on Borsa Italiana · Symbol BGN.MI · BIT: BGN · Currency EUR
Key points
from its scores- ✓High-quality business9.8
- ✓Strong growth9.7
- ✓Attractive dividend8.0
- ✕Unfavourable risk and backdrop4.8
- !Somewhat demanding valuation5.0
AI analysis
bottom line, main risk, context and newsQuality and growth justify the valuation, but Italy's governance risk advises against overexposure.
Banca Generali shows exceptional profitability (ROE 36.49%, net margin 46.15%) and very strong growth (revenue +46.4%, earnings +70.5%), with a reasonable valuation (P/E 13.03) and an attractive dividend (4.23%). The main drag is the governance risk of its jurisdiction, Italy.
The main risk is governance and regulatory stability in Italy, which could affect minority shareholder protection and business predictability.
Context and risks
Banca Generali operates in Italy, where minority shareholder protection is weak and the regulatory and fiscal environment can change abruptly. Although it is a wealth manager with a solid business model, the jurisdiction adds a governance risk not reflected in its financial metrics.
Is Banca Generali stock cheap or expensive?
at the analysis dateOn P/E and Price / book, it trades 79% above the Financial Services median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 13.0 | 13.7 | −5% |
| Price / book | 4.9 | 1.9 | +163% |
| Price / sales | 6.0 | 3.5 | +74% |
Sector: median of the 351 Financial Services companies analysed. In bold, the multiples used for the comparison.
Valuation score: 5.0 out of 10 (median for Financial Services: 5.2).
Average analyst target: 72.38 EUR, +20.7% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 9.8 (sector 8.8), Growth 9.7 (sector 6.9).
Classic formulas with standard assumptions (0.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Financial Services medianValuation
- P/E
- 13.0
- Forward P/E
- 15.6
- Price / book
- 4.9
- Price / sales
- 6.0
- PEG
- 15.22
- Market cap
- 6.8B EUR
- Enterprise value
- 7.5B EUR
Profitability
- ROE
- 36.5%
- ROA
- 2.9%
- ROIC (approx.)
- 24.7%
- Gross margin
- 0.0%
- Operating margin
- 73.7%
- Net margin
- 46.1%
Solvency
- Total debt
- 2.0B EUR
- Net debt
- 666.4M EUR
- Cash
- 1.3B EUR
Growth
- Revenue growth
- +46.4%
- Earnings growth
- +70.5%
- EPS (TTM)
- 4.60 EUR
- EPS (forward)
- 3.85 EUR
Dividend
- Dividend yield
- 4.8%
- Payout
- 62.0%
Risk and market
- Beta
- 0.72
- Analyst consensus
- Buy (5)
- Target price
- 72.38 EUR
- 52-week range
- 45.88 – 69.75
Recent news
All BGN.MI news →Compare it with its sector
All 351 in Financial Services →Frequently asked questions about Banca Generali
Is Banca Generali stock cheap or expensive?
On P/E and Price / book, it trades 79% above the Financial Services median on average. Valuation score: 5.0 out of 10 (median for Financial Services: 5.2). Average analyst target: 72.38 EUR, +20.7% versus the price. This is not investment advice.
What score does Banca Generali get on MeridIAn Screener?
It scores 7.3 out of 10, rank 82 of 2,130 (better than 95% of the companies analysed). Its strongest category is Quality / Moat (9.8) and its weakest, Risk & Context (4.8). Analysis of 08/10/2026.
What is Banca Generali's P/E ratio?
Its P/E is 13.0: the share price equals 13.0 times earnings per share over the last 12 months. The Financial Services median is 13.7. Based on the earnings analysts expect, the forward P/E is 15.6.
How much is Banca Generali worth on the stock market?
Its market capitalisation is 6.8B EUR.
Does Banca Generali pay a dividend?
Yes: its dividend yield is 4.75% and it pays out 62% of its earnings.
How has Banca Generali stock performed over the last year?
It has risen 31.6% over the last year, excluding dividends. Over the last 52 weeks it has traded between 45.88 and 69.75 EUR. Past performance does not guarantee future results.
What do analysts think of Banca Generali?
5 analysts cover it; their average recommendation is “Buy” and their average target is 72.38 EUR (+20.7% versus the price). It is an estimate, not market data.