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Italgas SpAMIL:IG +1.46%75 Debt-to-EBITDA is 5.52 as of Mar. 2026, which is 1% above its 10-year median of 5.49. GuruFocus rates MIL:IG with a GF Score™ of 75/100 and a GF Value™ of €7.85 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 450 Utilities - Regulated companies, Italgas SpA ranks worse than 69.11% 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 Italgas SpA's Debt-to-EBITDA or its related term are showing as below:
MIL:IG'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.63 Med: 5.49 Max: 8.53
Current: 5.55
During the past 10 years, the highest Debt-to-EBITDA Ratio of Italgas SpA was 8.53. The lowest was 4.63. And the median was 5.49.
MIL:IG's Debt-to-EBITDA is ranked worse than 69.11% of 450
companies
in the Utilities - Regulated industry
Industry Median: 3.99
vs MIL:IG: 5.55
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.
Italgas SpA Debt-to-EBITDA Related Terms
Italgas SpA Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Italgas 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 - Regulated Gas subindustry, Italgas 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.
Italgas SpA Debt-to-EBITDA vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Italgas SpA's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Italgas 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.
Italgas SpA (MIL:IG) has a Debt-to-EBITDA of 5.52 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 Italgas SpA. This is near median its historical median of 5.49. Over the past decade, Italgas SpA's Debt-to-EBITDA has ranged from 4.63 to 8.53. According to the industry distribution chart, Italgas SpA ranks #311 out of 450 companies in the Utilities - Regulated industry, placing it in the top 69.1%.
Is Italgas SpA's Debt-to-EBITDA too high?
Italgas SpA's current Debt-to-EBITDA of 5.52 is near median its 10-year median of 5.49. Over the past 10 years, this metric has ranged from a low of 4.63 to a high of 8.53. The Utilities - Regulated industry median Debt-to-EBITDA is 3.99. Italgas SpA's value of 5.52 is 38.3% above this industry median. Based on the distribution chart, Italgas SpA ranks #311 out of 450 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Italgas SpA has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Italgas SpA's Debt-to-EBITDA compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Italgas SpA ranks #311 out of 450 companies for Debt-to-EBITDA. This places Italgas SpA in the lower half of its industry. The industry median Debt-to-EBITDA is 3.99. Italgas SpA's value of 5.52 is 38.3% above this benchmark. Historically, Italgas SpA's own Debt-to-EBITDA has ranged from 4.63 to 8.53 over the past decade. While the company's 10-year median is 5.49 vs. the industry median of 3.99, Italgas SpA has consistently been above 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 - Regulated company?
The median Debt-to-EBITDA among Utilities - Regulated companies is 3.99, based on 450 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. Italgas SpA's current Debt-to-EBITDA of 5.52 is 38.3% above 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 Italgas SpA. For the Utilities - Regulated industry, the median Debt-to-EBITDA is 3.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Italgas SpA's current Debt-to-EBITDA is 5.52, which is near median its own 10-year median of 5.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Italgas SpA stock overvalued right now?
Based on GuruFocus' analysis, Italgas SpA (MIL:IG) is currently considered Modestly Overvalued. The stock's GF Value™ is €7.85, compared to a current price of €10.13 — trading 29% above its estimated fair value. The current Debt-to-EBITDA is 5.52, which is near median its 10-year median of 5.49 and 38.3% above the Utilities - Regulated industry median of 3.99. Italgas SpA's overall GF Score™ is 75/100 with 7 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 Italgas SpA (MIL:IG), the current Debt-to-EBITDA is 5.52 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 Italgas SpA (MIL:IG) Overvalued in 2026?
Based on GuruFocus' analysis, Italgas SpA stock appears to be overvalued.
The current stock price of €10.13 is trading 29% above its estimated GF Value™ of €7.85.
GuruFocus considers Italgas SpA to be Modestly Overvalued.
Key valuation signals for MIL:IG:
Debt-to-EBITDA: 5.52 (near median its 10-year median of 5.49)
GF Value™: €7.85 vs. price of €10.13 (29% above fair value)
Industry Position: 38.3% above the Utilities - Regulated median (#311 of 450)
No single metric tells the full story. See the MIL:IG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Italgas SpA is an Italy-based company engaged in the business of natural gas distribution. The distribution service consists of transporting gas through local pipeline networks, from points of delivery at the reduction and measurement stations interconnected with the transport networks up to the final delivery points to customers. In addition, the company is also engaged in metering activities, which consist of determining, gathering, making available, and archiving metering data on natural gas withdrawn over the distribution networks. It derives a majority of its revenue from natural gas distribution activity. The other activities of the company are the distribution and sale of water and providing technical, engineering, IT assistance, and other services.
75GF Score
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Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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