Eni SpA (MIL:ENI) Cyclically Adjusted Revenue per Share: €25.97 (As of Mar. 2026)

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MIL:ENI Eni SpA MIL:ENI
54 GF Score
Price €21.11
GF Value €14.72
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Eni SpA Cyclically Adjusted Revenue per Share?

Eni SpA MIL:ENI -0.66% 54 Cyclically Adjusted Revenue per Share is €25.97 as of Mar. 2026. GuruFocus rates MIL:ENI with a GF Score™ of 54/100 and a GF Value™ of €14.72 (Significantly Overvalued). The stock has 4 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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 for the three months ended in Mar. 2026 was €6.561. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €25.97 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Eni SpA's average Cyclically Adjusted Revenue Growth Rate was 3.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -0.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 1.60% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -1.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Eni SpA was 13.40% per year. The lowest was -4.30% per year. And the median was 2.40% per year.

As of today (2026-07-17), Eni SpA's current stock price is €21.11. Eni SpA's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €25.97. Eni SpA's Cyclically Adjusted PS Ratio of today is 0.81.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Eni SpA was 0.95. The lowest was 0.25. And the median was 0.54.


Eni SpA  (MIL:ENI) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=21.11/25.97
=0.81

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Eni SpA was 0.95. The lowest was 0.25. And the median was 0.54.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Eni SpA Cyclically Adjusted Revenue per Share Related Terms


Eni SpA Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Eni SpA's Cyclically Adjusted Revenue per Share 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 Revenue per Share Chart

Eni SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.33 25.78 25.49 24.89 25.37

Eni SpA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share 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 25.08 25.08 25.27 25.37 25.97

MIL:ENI vs XOM, CVX: Cyclically Adjusted Revenue per Share 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.


MIL:ENI
54GF Score
Eni SpA MIL:ENI
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Eni SpA Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

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

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=6.561/124.5600*124.5600
=6.561

Current CPI (Mar. 2026) = 124.5600.

Eni SpA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 3.610 99.900 4.501
201609 3.757 100.100 4.675
201612 4.184 100.300 5.196
201703 5.049 101.000 6.227
201706 4.297 101.100 5.294
201709 4.559 101.200 5.611
201712 4.886 101.200 6.014
201803 4.928 101.800 6.030
201806 5.071 102.400 6.168
201809 5.466 102.600 6.636
201812 5.529 102.300 6.732
201903 5.144 102.800 6.233
201906 5.117 103.100 6.182
201909 4.644 102.900 5.622
201912 4.530 102.800 5.489
202003 3.881 102.900 4.698
202006 2.283 102.900 2.764
202009 2.888 102.300 3.516
202012 3.252 102.600 3.948
202103 4.050 103.700 4.865
202106 4.554 104.200 5.444
202109 5.320 104.900 6.317
202112 7.526 106.600 8.794
202203 9.057 110.400 10.219
202206 8.903 112.500 9.857
202209 10.677 114.200 11.646
202212 9.331 119.000 9.767
202303 8.111 118.800 8.504
202306 5.858 119.700 6.096
202309 6.763 120.300 7.002
202312 7.448 119.700 7.750
202403 7.026 120.200 7.281
202406 6.673 120.700 6.886
202409 6.409 121.200 6.587
202412 7.386 121.200 7.591
202503 6.033 122.500 6.134
202506 7.223 122.700 7.332
202509 6.573 123.100 6.651
202512 6.778 122.600 6.886
202603 6.561 124.560 6.561

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

What does a Cyclically Adjusted Revenue per Share of €25.97 mean?
Eni SpA (MIL:ENI) has a Cyclically Adjusted Revenue per Share of €25.97 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Eni SpA and its competitors.
Is Eni SpA's Cyclically Adjusted Revenue per Share too high?
Eni SpA's current Cyclically Adjusted Revenue per Share is €25.97. Overall, Eni SpA has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Eni SpA's Cyclically Adjusted Revenue per Share compare to XOM and CVX?
Eni SpA's Cyclically Adjusted Revenue per Share of €25.97 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for an Oil & Gas company?
A good Cyclically Adjusted Revenue per Share depends on the Oil & Gas industry context. However, Cyclically Adjusted Revenue per Share 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 Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Eni SpA and its competitors. Eni SpA's current Cyclically Adjusted Revenue per Share is €25.97. 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 (MIL:ENI) is currently considered Significantly Overvalued. The stock's GF Value™ is €14.72, compared to a current price of €21.11 — trading 43.4% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €25.97. Eni SpA's overall GF Score™ is 54/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Eni SpA (MIL:ENI), the current Cyclically Adjusted Revenue per Share is €25.97 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 Eni SpA (MIL:ENI) Overvalued in 2026?

Based on GuruFocus' analysis, Eni SpA stock appears to be overvalued. The current stock price of €21.11 is trading 43.4% above its estimated GF Value™ of €14.72. GuruFocus considers Eni SpA to be Significantly Overvalued.

Key valuation signals for MIL:ENI:

  • Cyclically Adjusted Revenue per Share: €25.97
  • GF Value™: €14.72 vs. price of €21.11 (43.4% above fair value)
  • GF Score™: 54/100 with 4 warning signs

No single metric tells the full story. See the MIL:ENI 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.
54GF Score

Get the complete analysis for MIL:ENI

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

€21.11
Price
€14.72
GF Value