Terna SpAMIL:TRN -0.39%84 Current Ratio is 0.61 as of Mar. 2026, which is 16% below its 10-year median of 0.73. GuruFocus rates MIL:TRN with a GF Score™ of 84/100 and a GF Value™ of €9.85 (Fairly Valued). The stock has 3 warning signs investors should review. Among 510 Utilities - Regulated companies, Terna SpA ranks worse than 85.29% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Terna SpA's current ratio for the quarter that ended in Mar. 2026 was 0.61.
Terna SpA has a current ratio of 0.61. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Terna SpA has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
The historical rank and industry rank for Terna SpA's Current Ratio or its related term are showing as below:
MIL:TRN'
s Current Ratio Range Over the Past 10 Years
Min: 0.16 Med: 0.73 Max: 1.32
Current: 0.61
During the past 13 years, Terna SpA's highest Current Ratio was 1.32. The lowest was 0.16. And the median was 0.73.
MIL:TRN's Current Ratio is ranked worse than 85.29% of 510
companies
in the Utilities - Regulated industry
Industry Median: 1.08
vs MIL:TRN: 0.61
Terna SpA (MIL:TRN) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Terna SpA Current Ratio Related Terms
Terna SpA Current Ratio Historical Data
* Premium members only.
The historical data trend for Terna SpA's Current Ratio 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.
For the Utilities - Regulated Electric subindustry, Terna SpA's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Terna SpA Current Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Terna SpA's Current Ratio distribution charts can be found below:
* The bar in red indicates where Terna SpA's Current Ratio falls into.
* 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 (MIL:TRN) has a Current Ratio of 0.61 as of Mar. 2026. This is 16% below median its historical median of 0.73. Over the past decade, Terna SpA's Current Ratio has ranged from 0.16 to 1.32. According to the industry distribution chart, Terna SpA ranks #435 out of 510 companies in the Utilities - Regulated industry, placing it in the top 85.3%.
Is Terna SpA's Current Ratio too high?
Terna SpA's current Current Ratio of 0.61 is 16% below median its 10-year median of 0.73. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 1.32. The Utilities - Regulated industry median Current Ratio is 1.08. Terna SpA's value of 0.61 is 43.5% below this industry median. Based on the distribution chart, Terna SpA ranks #435 out of 510 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. 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 Current Ratio compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Terna SpA ranks #435 out of 510 companies for Current Ratio. This places Terna SpA in the lower half of its industry. The industry median Current Ratio is 1.08. Terna SpA's value of 0.61 is 43.5% below this benchmark. Historically, Terna SpA's own Current Ratio has ranged from 0.16 to 1.32 over the past decade. While the company's 10-year median is 0.73 vs. the industry median of 1.08, Terna SpA has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for an Utilities - Regulated company?
The median Current Ratio among Utilities - Regulated companies is 1.08, based on 510 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Terna SpA's current Current Ratio of 0.61 is 43.5% below 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 Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Utilities - Regulated industry, the median Current Ratio is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Terna SpA's current Current Ratio is 0.61, which is 16% below median its own 10-year median of 0.73. 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 €9.85, compared to a current price of €10.24 — trading 4% above its estimated fair value. The current Current Ratio is 0.61, which is 16% below median its 10-year median of 0.73 and 43.5% below the Utilities - Regulated industry median of 1.08. 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 Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Terna SpA (MIL:TRN), the current Current Ratio is 0.61 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 (MIL:TRN) Overvalued in 2026?
Based on GuruFocus' analysis, Terna SpA stock appears to be overvalued.
The current stock price of €10.24 is trading 4% above its estimated GF Value™ of €9.85.
GuruFocus considers Terna SpA to be Fairly Valued.
Key valuation signals for MIL:TRN:
Current Ratio: 0.61 (16% below median its 10-year median of 0.73)
GF Value™: €9.85 vs. price of €10.24 (4% above fair value)
Industry Position: 43.5% below the Utilities - Regulated median (#435 of 510)
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 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
Get the complete analysis for MIL:TRN
Current Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MIL:TRN has been successfully added to your 
