Public enterprises in Bag: how much are they worth? As of July 1, 2025, the 13 companies of the mef listed companies capitalized on the stock exchange 263,5 billion euros, representing 28,5% of the entire market share; a 19,1% increase, equal to €42,2 billion, compared to January's market capitalization of €221,2 billion. The data emerge from the latest Observatory of the Research Center CoMar.
The performance of state-owned companies it is higher than the overall stock market, whose index grew by 13,9% in the first half of the year, going from a total capitalization of 810,6 billion euros in January 2025 to 923,7 billion euros at the beginning of July, with an increase of 113,1 billion. This result is due to the positive drag especially of Fincantieri, Leonardo, Poste Italiane, Italgas, Snam, Enel.
Public companies on the stock market: how much are they worth?
The thirteen listed state companies, active in finance, industry and services are Mps Bank, Enav, Enel, Eni, Fincantieri, Italgas, Leonardo, Poste Italiane, Raiway, Saipem, Snam, STMicroelectronics, TernaAccording to CoMar's calculations, the total theoretical value of the state's stake in its thirteen companies is 89,8 billion euros, as of July 2025, XNUMX.
Looking at the individual subsidiaries in terms of capitalisation in absolute terms: at the beginning of July 2025, the largest are Enel with 83,4 billion euros (which alone accounts for more than 9% of the total list price, further consolidating its first place), Eni with 43,4 billion (4,7% of the list price, with a decrease in its specific weight), Leonardo with 26,6 billion (2,8%, progressively strengthening in the last six months), Poste Italiane with 23,7 billion (2,5%, constantly growing), Stmicroelectronics with 23,1 billion (2,5%, in a reflective phase for some time), Terna with 17,6 billion (1,9%) and Snam with 17,2 billion (1,8%), Mps Bank, with a capitalization of 8,8 billion (0,9% of the list price), Italgas with a capitalization of 5,8 billion (0,6% of the list price), Fincantieri with 5,1 billion in capitalization (0,56%), Saipem with 4,5 billion in capitalization (0,5% of the list price), followed by Enav e Raiway.
Public companies on the stock market: the figures
Le higher growth in capitalizations In the first half of the year, the following companies posted losses: Fincantieri (+129,5%), Leonardo (+77,6%), Poste (+33,7%), Italgas (+33,6%), Snam (+20%), and Enel (+19,3%). However, losses were recorded by Enav (-3,5%, equivalent to a decline of €79 million) and Saipem (-8,1%, a decrease of €400 million).
Il value of the public share It is 19,6 billion euros for Enel, 15,2 billion for Poste, 13,8 billion for Eni, 11,5 billion for Stmicrolectronics, 8 billion for Leonardo, more than 5 billion for both Snam and Terna, 3,6 billion for Fincantieri, 2,3 billion for Italgas, 1,5 for Saipem; just over a billion for Enav and Raiway, joined by Banca MPS, following the recent sale of 15% of the share capital by the Ministry of the Economy and Finance.
