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Iren SpAMIL:IRE +0.55%77 Debt-to-EBITDA is 2.93 as of Mar. 2026, which is 24% below its 10-year median of 3.86. GuruFocus rates MIL:IRE with a GF Score™ of 77/100 and a GF Value™ of €2.17 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 449 Utilities - Regulated companies, Iren SpA ranks better than 54.34% 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 Iren SpA's Debt-to-EBITDA or its related term are showing as below:
MIL:IRE'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.11 Med: 3.86 Max: 4.32
Current: 3.68
During the past 13 years, the highest Debt-to-EBITDA Ratio of Iren SpA was 4.32. The lowest was 0.11. And the median was 3.86.
MIL:IRE's Debt-to-EBITDA is ranked better than 54.34% of 449
companies
in the Utilities - Regulated industry
Industry Median: 4.01
vs MIL:IRE: 3.68
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.
Iren SpA Debt-to-EBITDA Related Terms
Iren SpA Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Iren 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 - Diversified subindustry, Iren 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.
Iren SpA Debt-to-EBITDA vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Iren SpA's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Iren 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.
Iren SpA (MIL:IRE) has a Debt-to-EBITDA of 2.93 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 Iren SpA. This is 24% below median its historical median of 3.86. Over the past decade, Iren SpA's Debt-to-EBITDA has ranged from 0.11 to 4.32. According to the industry distribution chart, Iren SpA ranks #205 out of 449 companies in the Utilities - Regulated industry, placing it in the top 45.7%.
Is Iren SpA's Debt-to-EBITDA too high?
Iren SpA's current Debt-to-EBITDA of 2.93 is 24% below median its 10-year median of 3.86. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 4.32. The Utilities - Regulated industry median Debt-to-EBITDA is 4.01. Iren SpA's value of 2.93 is 26.9% below this industry median. Based on the distribution chart, Iren SpA ranks #205 out of 449 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Iren SpA has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Iren SpA's Debt-to-EBITDA compare to SRE?
According to the Utilities - Regulated industry distribution chart, Iren SpA ranks #205 out of 449 companies for Debt-to-EBITDA. This puts Iren SpA in the upper half of its industry. The industry median Debt-to-EBITDA is 4.01. Iren SpA's value of 2.93 is 26.9% below this benchmark. Historically, Iren SpA's own Debt-to-EBITDA has ranged from 0.11 to 4.32 over the past decade. While the company's 10-year median is 3.86 vs. the industry median of 4.01, Iren 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 - Regulated company?
The median Debt-to-EBITDA among Utilities - Regulated companies is 4.01, based on 449 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. Iren SpA's current Debt-to-EBITDA of 2.93 is 26.9% 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 Iren SpA. For the Utilities - Regulated industry, the median Debt-to-EBITDA is 4.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Iren SpA's current Debt-to-EBITDA is 2.93, which is 24% below median its own 10-year median of 3.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iren SpA stock overvalued right now?
Based on GuruFocus' analysis, Iren SpA (MIL:IRE) is currently considered Modestly Overvalued. The stock's GF Value™ is €2.17, compared to a current price of €2.57 — trading 18.2% above its estimated fair value. The current Debt-to-EBITDA is 2.93, which is 24% below median its 10-year median of 3.86 and 26.9% below the Utilities - Regulated industry median of 4.01. Iren SpA's overall GF Score™ is 77/100 with 4 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 Iren SpA (MIL:IRE), the current Debt-to-EBITDA is 2.93 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 Iren SpA (MIL:IRE) Overvalued in 2026?
Based on GuruFocus' analysis, Iren SpA stock appears to be overvalued.
The current stock price of €2.57 is trading 18.2% above its estimated GF Value™ of €2.17.
GuruFocus considers Iren SpA to be Modestly Overvalued.
Key valuation signals for MIL:IRE:
Debt-to-EBITDA: 2.93 (24% below median its 10-year median of 3.86)
GF Value™: €2.17 vs. price of €2.57 (18.2% above fair value)
Industry Position: 26.9% below the Utilities - Regulated median (#205 of 449)
No single metric tells the full story. See the MIL:IRE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Iren SpA is a multi-service Italian utilities holding company that produces and distributes electricity and natural gas. It also provides district heating, water, and environmental services. Iren has five operating companies that include Iren Acqua Gas, Iren Energia (electricity and thermal production), Iren Mercato (sale of electricity, gas, and district heating), Iren Emilia (gas distribution), and Iren Ambiente (environmental services). The company primarily uses hydroelectric, cogeneration, and wind power as energy sources. The majority of revenue is derived from the distribution and sale of electricity and natural gas products and services.
77GF Score
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