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ERG SpAMIL:ERG +0.71%78 Debt-to-EBITDA is 0.38 as of Mar. 2026, which is 92% below its 10-year median of 4.68. GuruFocus rates MIL:ERG with a GF Score™ of 78/100 and a GF Value™ of €24.48 (Fairly Valued). The stock has 5 warning signs investors should review. Among 339 Utilities - Independent Power Producers companies, ERG SpA ranks better than 90.86% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for ERG SpA's Debt-to-EBITDA or its related term are showing as below:
MIL:ERG'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.49 Med: 4.68 Max: 9.17
Current: 0.49
During the past 13 years, the highest Debt-to-EBITDA Ratio of ERG SpA was 9.17. The lowest was 0.49. And the median was 4.68.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
ERG SpA Debt-to-EBITDA Related Terms
ERG SpA Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for ERG SpA's Debt-to-EBITDA 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 - Renewable subindustry, ERG SpA's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.
ERG SpA Debt-to-EBITDA vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, ERG SpA's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where ERG SpA's Debt-to-EBITDA 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
ERG SpA (MIL:ERG) has a Debt-to-EBITDA of 0.38 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on ERG SpA. This is 92% below median its historical median of 4.68. Over the past decade, ERG SpA's Debt-to-EBITDA has ranged from 0.49 to 9.17. According to the industry distribution chart, ERG SpA ranks #31 out of 339 companies in the Utilities - Independent Power Producers industry, placing it in the top 9.1%.
Is ERG SpA's Debt-to-EBITDA too high?
ERG SpA's current Debt-to-EBITDA of 0.38 is 92% below median its 10-year median of 4.68. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 9.17. The Utilities - Independent Power Producers industry median Debt-to-EBITDA is 4.59. ERG SpA's value of 0.38 is 91.7% below this industry median. Based on the distribution chart, ERG SpA ranks #31 out of 339 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, ERG SpA has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ERG SpA's Debt-to-EBITDA compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, ERG SpA ranks #31 out of 339 companies for Debt-to-EBITDA. This places ERG SpA in the top 9% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 4.59. ERG SpA's value of 0.38 is 91.7% below this benchmark. Historically, ERG SpA's own Debt-to-EBITDA has ranged from 0.49 to 9.17 over the past decade. While the company's 10-year median is 4.68 vs. the industry median of 4.59, ERG 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 Debt-to-EBITDA for an Utilities - Independent Power Producers company?
The median Debt-to-EBITDA among Utilities - Independent Power Producers companies is 4.59, based on 339 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ERG SpA's current Debt-to-EBITDA of 0.38 is 91.7% 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 Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on ERG SpA. For the Utilities - Independent Power Producers industry, the median Debt-to-EBITDA is 4.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ERG SpA's current Debt-to-EBITDA is 0.38, which is 92% below median its own 10-year median of 4.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ERG SpA stock overvalued right now?
Based on GuruFocus' analysis, ERG SpA (MIL:ERG) is currently considered Fairly Valued. The stock's GF Value™ is €24.48, compared to a current price of €22.84 — trading 6.7% below its estimated fair value. The current Debt-to-EBITDA is 0.38, which is 92% below median its 10-year median of 4.68 and 91.7% below the Utilities - Independent Power Producers industry median of 4.59. ERG SpA's overall GF Score™ is 78/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For ERG SpA (MIL:ERG), the current Debt-to-EBITDA is 0.38 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 ERG SpA (MIL:ERG) Overvalued in 2026?
Based on GuruFocus' analysis, ERG SpA stock appears to be undervalued.
The current stock price of €22.84 is trading 6.7% below its estimated GF Value™ of €24.48.
GuruFocus considers ERG SpA to be Fairly Valued.
Key valuation signals for MIL:ERG:
Debt-to-EBITDA: 0.38 (92% below median its 10-year median of 4.68)
GF Value™: €24.48 vs. price of €22.84 (6.7% below fair value)
Industry Position: 91.7% below the Utilities - Independent Power Producers median (#31 of 339)
No single metric tells the full story. See the MIL:ERG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ERG SpA produces electricity from clean, renewable, and sustainable sources. Its energy comes from the combination of natural resources such as wind and sun. The company produces wind power, and electricity as a hydroelectric operator to markets across Europe. Electricity is also generated from natural gas operations located in Italy. ERG's wind power production is handled by subsidiary ENG Renew which focuses on developing, building, and operating wind assets. Hydropower and natural gas operations are split off into ERG Power Generation. The company's hydro assets include plants, dams, reservoirs, and a pumping station. Electricity from the plant is either fed into Italy's national grid or used to power other industrial plants.
78GF Score
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