Eni SpA (BUE:E) Cyclically Adjusted PS Ratio: 0.93 (As of Aug. 03, 2026) — 72% Above Median

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BUE:E Eni SpA BUE:E
45 GF Score
Price ARS21,860.00
GF Value ARS13,122.26
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Eni SpA Cyclically Adjusted PS Ratio?

Eni SpA BUE:E +0.69% 45 Cyclically Adjusted PS Ratio is 0.93 as of Aug. 03, 2026, which is 72% above its 10-year median of 0.54. GuruFocus rates BUE:E with a GF Score™ of 45/100 and a GF Value™ of ARS13,122.26 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 707 Oil & Gas companies, Eni SpA ranks better than 54.46% on this metric.

As of today (2026-08-03), Eni SpA's current share price is ARS21860.00. Eni SpA's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ARS23,539.32. Eni SpA's Cyclically Adjusted PS Ratio for today is 0.93.

The historical rank and industry rank for Eni SpA's Cyclically Adjusted PS Ratio or its related term are showing as below:

BUE:E' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.25   Med: 0.54   Max: 0.95
Current: 0.9

During the past years, Eni SpA's highest Cyclically Adjusted PS Ratio was 0.95. The lowest was 0.25. And the median was 0.54.

BUE:E's Cyclically Adjusted PS Ratio is ranked better than
54.46% of 707 companies
in the Oil & Gas industry
Industry Median: 1.06 vs BUE:E: 0.90

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Eni SpA's adjusted revenue per share data for the three months ended in Jun. 2026 was ARS6,345.883. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is ARS23,539.32 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Eni SpA  (BUE:E) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Eni SpA Cyclically Adjusted PS Ratio Related Terms


Eni SpA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Eni SpA's Cyclically Adjusted PS 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.

Eni SpA Cyclically Adjusted PS Ratio Chart

Eni SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.52 0.52 0.60 0.53 0.64

Eni SpA Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio 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 0.55 0.59 0.64 0.96 0.77

BUE:E vs XOM, CVX: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Integrated subindustry, Eni SpA's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Eni SpA Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Eni SpA's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Eni SpA's Cyclically Adjusted PS Ratio falls into.


BUE:E
45GF Score
Eni SpA BUE:E
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Eni SpA Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Eni SpA's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=21860.00/23539.32
=0.93

* 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.

Eni SpA's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Eni SpA's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=6345.883/126.4000*126.4000
=6,345.883

Current CPI (Jun. 2026) = 126.4000.

Eni SpA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 31.446 100.100 39.708
201612 34.984 100.300 44.088
201703 41.629 101.000 52.098
201706 39.800 101.100 49.760
201709 47.613 101.200 59.469
201712 55.201 101.200 68.947
201803 61.223 101.800 76.018
201806 73.870 102.400 91.183
201809 117.362 102.600 144.586
201812 118.589 102.300 146.526
201903 113.613 102.800 139.695
201906 129.175 103.100 158.368
201909 143.007 102.900 175.667
201912 150.437 102.800 184.973
202003 133.081 102.900 163.474
202006 88.014 102.900 108.114
202009 126.272 102.300 156.019
202012 160.968 102.600 198.308
202103 217.143 103.700 264.676
202106 259.884 104.200 315.253
202109 305.992 104.900 368.707
202112 429.404 106.600 509.162
202203 535.504 110.400 613.113
202206 566.213 112.500 636.172
202209 734.457 114.200 812.919
202212 828.573 119.000 880.098
202303 857.757 118.800 912.630
202306 761.607 119.700 804.237
202309 1,262.982 120.300 1,327.023
202312 1,466.010 119.700 1,548.067
202403 3,216.917 120.200 3,382.848
202406 3,215.946 120.700 3,367.818
202409 3,380.740 121.200 3,525.788
202412 3,905.643 121.200 4,073.212
202503 3,476.220 122.500 3,586.891
202506 4,945.343 122.700 5,094.469
202509 5,238.367 123.100 5,378.794
202512 5,759.947 122.600 5,938.477
202603 5,303.164 124.560 5,381.502
202606 6,345.883 126.400 6,345.883

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 0.93 mean?
Eni SpA (BUE:E) has a Cyclically Adjusted PS Ratio of 0.93 as of Aug. 03, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Eni SpA and its competitors. This is 72% above median its historical median of 0.54. Over the past decade, Eni SpA's Cyclically Adjusted PS Ratio has ranged from 0.25 to 0.95. According to the industry distribution chart, Eni SpA ranks #322 out of 707 companies in the Oil & Gas industry, placing it in the top 45.5%.
Is Eni SpA's Cyclically Adjusted PS Ratio too high?
Eni SpA's current Cyclically Adjusted PS Ratio of 0.93 is 72% above median its 10-year median of 0.54. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 0.95. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.06. Eni SpA's value of 0.93 is 12.3% below this industry median. Based on the distribution chart, Eni SpA ranks #322 out of 707 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Eni SpA has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Eni SpA's Cyclically Adjusted PS Ratio compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Eni SpA ranks #322 out of 707 companies for Cyclically Adjusted PS Ratio. This puts Eni SpA in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.06. Eni SpA's value of 0.93 is 12.3% below this benchmark. Historically, Eni SpA's own Cyclically Adjusted PS Ratio has ranged from 0.25 to 0.95 over the past decade. While the company's 10-year median is 0.54 vs. the industry median of 1.06, Eni 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 Cyclically Adjusted PS Ratio for an Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.06, based on 707 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Eni SpA's current Cyclically Adjusted PS Ratio of 0.93 is 12.3% 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 Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Eni SpA and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eni SpA's current Cyclically Adjusted PS Ratio is 0.93, which is 72% above median its own 10-year median of 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eni SpA stock overvalued right now?
Based on GuruFocus' analysis, Eni SpA (BUE:E) is currently considered Significantly Overvalued. The stock's GF Value™ is ARS13,122.26, compared to a current price of ARS21,860.00 — trading 66.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.93, which is 72% above median its 10-year median of 0.54 and 12.3% below the Oil & Gas industry median of 1.06. Eni SpA's overall GF Score™ is 45/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Eni SpA (BUE:E), the current Cyclically Adjusted PS Ratio is 0.93 as of Aug. 03, 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 Eni SpA (BUE:E) Overvalued in 2026?

Based on GuruFocus' analysis, Eni SpA stock appears to be overvalued. The current stock price of ARS21,860.00 is trading 66.6% above its estimated GF Value™ of ARS13,122.26. GuruFocus considers Eni SpA to be Significantly Overvalued.

Key valuation signals for BUE:E:

  • Cyclically Adjusted PS Ratio: 0.93 (72% above median its 10-year median of 0.54)
  • GF Value™: ARS13,122.26 vs. price of ARS21,860.00 (66.6% above fair value)
  • GF Score™: 45/100 with 8 warning signs
  • Industry Position: 12.3% below the Oil & Gas median (#322 of 707)

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


Eni SpA Business Description

Industry EnergyOil & Gas
Address 1, Piazzale Enrico Mattei, Rome, ITA, 00144
Eni is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2025, the company produced 0.8 million barrels of liquids and 4.6 billion cubic feet of natural gas per day. At year-end 2025, Eni held reserves of 6.9 billion barrels of oil equivalent, 44% of which are liquids. The Italian government owns a 33.1% stake in the company. Plentitude, Eni's renewable and low-carbon business, has 5.8 gigawatts of renewable power capacity, serves 10 million electricity customers, and operates 23,000 electric vehicle charging points.
45GF Score

Get the complete analysis for BUE:E

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

ARS21,860.00
Price
ARS13,122.26
GF Value