TERRF (Terna SpA) ROCE %: 7.72% (As of Mar. 2026)


TERRF Terna SpA TERRF
88 GF Score
Price $11.70
GF Value $11.12
Valuation Fairly Valued
! 3 Warning Signs
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What is Terna SpA ROCE %?

Terna SpA TERRF 88 ROCE % is 7.72% as of Mar. 2026. GuruFocus rates TERRF with a GF Score™ of 88/100 and a GF Value™ of $11.12 (Fairly Valued). The stock has 3 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Terna SpA's annualized ROCE % for the quarter that ended in Mar. 2026 was 7.72%.

Terna SpA  (OTCPK:TERRF) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Terna SpA ROCE % Related Terms

Terna SpA ROCE % Historical Data

* Premium members only.

The historical data trend for Terna SpA's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Terna SpA ROCE % Chart

Terna SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.70 8.50 8.78 9.35 9.09

Terna SpA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.41 22.79 19.46 20.36 7.72
TERRF
88GF Score
Terna SpA TERRF
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Terna SpA ROCE % Calculation

Terna SpA's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=2204.215/( ( (28467.644 - 7187.33) + (35108.665 - 7884.075) )/ 2 )
=2204.215/( (21280.314+27224.59)/ 2 )
=2204.215/24252.452
=9.09 %

Terna SpA's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=2080/( ( (35108.665 - 7884.075) + (28692.486 - 2057.803) )/ 2 )
=2080/( ( 27224.59 + 26634.683 )/ 2 )
=2080/26929.6365
=7.72 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 7.72% mean?
Terna SpA (TERRF) has a ROCE % of 7.72% as of Mar. 2026.
Is Terna SpA's ROCE % too high?
Terna SpA's current ROCE % is 7.72%. The Utilities - Regulated industry median ROCE % is 6.95. Terna SpA's value of 7.72% is 11.1% above this industry median. Overall, Terna SpA has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Terna SpA's ROCE % compare to NEE and SO?
Terna SpA's ROCE % of 7.72% can be compared against companies in the Utilities - Regulated industry. The industry median ROCE % is 6.95. Terna SpA's value of 7.72% is 11.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Utilities - Regulated company?
The median ROCE % among Utilities - Regulated companies is 6.95, based on 505 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Terna SpA's current ROCE % of 7.72% is 11.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Utilities - Regulated industry, the median ROCE % is 6.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Terna SpA's current ROCE % is 7.72%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Terna SpA stock overvalued right now?
Based on GuruFocus' analysis, Terna SpA (TERRF) is currently considered Fairly Valued. The stock's GF Value™ is $11.12, compared to a current price of $11.70 — trading 5.2% above its estimated fair value. The current ROCE % is 7.72% and 11.1% above the Utilities - Regulated industry median of 6.95. Terna SpA's overall GF Score™ is 88/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Terna SpA (TERRF), the current ROCE % is 7.72% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Terna SpA (TERRF) Overvalued in 2026?

Based on GuruFocus' analysis, Terna SpA stock appears to be overvalued. The current stock price of $11.70 is trading 5.2% above its estimated GF Value™ of $11.12. GuruFocus considers Terna SpA to be Fairly Valued.

Key valuation signals for TERRF:

  • ROCE %: 7.72%
  • GF Value™: $11.12 vs. price of $11.70 (5.2% above fair value)
  • GF Score™: 88/100 with 3 warning signs
  • Industry Position: 11.1% above the Utilities - Regulated median

No single metric tells the full story. See the TERRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Terna SpA Business Description

Address Viale Egidio Galbani 70, Rome, ITA, 00156
Terna SpA is an electricity transmission system operator that owns virtually all of the Italian National Transmission Grid. With a monopoly under an Italian government license, Terna transmits and dispatches electricity throughout the country. It is also responsible for the planning, construction, and maintenance of the nation's electrical grid. Terna segments its operations into its Regulated Activities, Non-Regulated Activities, and International Activities. The company generates the vast majority of its revenue from charging transmission fees as a part of its Regulated Activities. Under its Non-Regulated Activities, Terna mainly produces and sells electricity transformers. The company has also made efforts to expand its operations into Italy's neighboring countries and North Africa.
88GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$11.70
Price
$11.12
GF Value