Terna SpA (MIL:TRN) Beginning Cash Position: €-132 Mil (As of Jun. 2026)

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MIL:TRN Terna SpA MIL:TRN
84 GF Score
Price €9.97
GF Value €10.04
Valuation Fairly Valued
! 3 Warning Signs
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What is Terna SpA Beginning Cash Position?

Terna SpA MIL:TRN -0.48% 84 Beginning Cash Position is €-132 Mil as of Jun. 2026. GuruFocus rates MIL:TRN with a GF Score™ of 84/100 and a GF Value™ of €10.04 (Fairly Valued). The stock has 3 warning signs investors should review.

Terna SpA's Beginning Cash Position for the quarter that ended in Jun. 2026 was €-132 Mil.

Terna SpA's quarterly Beginning Cash Position increased from Dec. 2025 (€-442 Mil) to Mar. 2026 (€1 Mil) but then declined from Mar. 2026 (€1 Mil) to Jun. 2026 (€-132 Mil).

Terna SpA's annual Beginning Cash Position declined from Dec. 2023 (€2,167 Mil) to Dec. 2024 (€1,382 Mil) but then increased from Dec. 2024 (€1,382 Mil) to Dec. 2025 (€2,313 Mil).

Terna SpA Beginning Cash Position Related Terms

Terna SpA Beginning Cash Position Historical Data

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The historical data trend for Terna SpA's Beginning Cash Position 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 Beginning Cash Position Chart

Terna SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beginning Cash Position
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,689.00 1,606.20 2,167.00 1,381.80 2,313.20

Terna SpA Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Beginning Cash Position 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 254.80 -1,143.50 -441.60 1.10 -132.30
MIL:TRN
84GF Score
Terna SpA MIL:TRN
Beginning Cash Position is just one metric. See GF Score™, valuation, warning signs, and more.
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Terna SpA Beginning Cash Position Calculation

Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement.

What does a Beginning Cash Position of €-132 Mil mean?
Terna SpA (MIL:TRN) has a Beginning Cash Position of €-132 Mil as of Jun. 2026. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on Terna SpA and its competitors.
Is Terna SpA's Beginning Cash Position too high?
Terna SpA's current Beginning Cash Position is €-132 Mil. Overall, Terna SpA has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Terna SpA's Beginning Cash Position compare to NEE and SO?
Terna SpA's Beginning Cash Position of €-132 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beginning Cash Position for an Utilities - Regulated company?
A good Beginning Cash Position depends on the Utilities - Regulated industry context. However, Beginning Cash Position should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beginning Cash Position mean?
A high Beginning Cash Position can signal that a stock is expensive relative to its fundamentals. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on Terna SpA and its competitors. Terna SpA's current Beginning Cash Position is €-132 Mil. 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 (MIL:TRN) is currently considered Fairly Valued. The stock's GF Value™ is €10.04, compared to a current price of €9.97 — trading 0.7% below its estimated fair value. The current Beginning Cash Position is €-132 Mil. Terna SpA's overall GF Score™ is 84/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beginning Cash Position calculated?
Beginning Cash Position is calculated from a company's financial statements. For Terna SpA (MIL:TRN), the current Beginning Cash Position is €-132 Mil as of Jun. 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 (MIL:TRN) Overvalued in 2026?

Based on GuruFocus' analysis, Terna SpA stock appears to be undervalued. The current stock price of €9.97 is trading 0.7% below its estimated GF Value™ of €10.04. GuruFocus considers Terna SpA to be Fairly Valued.

Key valuation signals for MIL:TRN:

  • Beginning Cash Position: €-132 Mil
  • GF Value™: €10.04 vs. price of €9.97 (0.7% below fair value)
  • GF Score™: 84/100 with 3 warning signs

No single metric tells the full story. See the MIL:TRN 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.
84GF Score

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

€9.97
Price
€10.04
GF Value