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Snam SpASNMRF 69 Debt-to-EBITDA is 5.27 as of Mar. 2026, which is 13% below its 10-year median of 6.04. GuruFocus rates SNMRF with a GF Score™ of 69/100 and a GF Value™ of $5.59 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 448 Utilities - Regulated companies, Snam SpA ranks worse than 62.5% 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 Snam SpA's Debt-to-EBITDA or its related term are showing as below:
SNMRF'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.66 Med: 6.04 Max: 6.65
Current: 4.96
During the past 13 years, the highest Debt-to-EBITDA Ratio of Snam SpA was 6.65. The lowest was 4.66. And the median was 6.04.
SNMRF's Debt-to-EBITDA is ranked worse than 62.5% of 448
companies
in the Utilities - Regulated industry
Industry Median: 4.01
vs SNMRF: 4.96
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.
Snam SpA Debt-to-EBITDA Related Terms
Snam SpA Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Snam 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, Snam 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.
Snam SpA Debt-to-EBITDA vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Snam SpA's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Snam 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.
Snam SpA (SNMRF) has a Debt-to-EBITDA of 5.27 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 Snam SpA. This is 13% below median its historical median of 6.04. Over the past decade, Snam SpA's Debt-to-EBITDA has ranged from 4.66 to 6.65. According to the industry distribution chart, Snam SpA ranks #280 out of 448 companies in the Utilities - Regulated industry, placing it in the top 62.5%.
Is Snam SpA's Debt-to-EBITDA too high?
Snam SpA's current Debt-to-EBITDA of 5.27 is 13% below median its 10-year median of 6.04. Over the past 10 years, this metric has ranged from a low of 4.66 to a high of 6.65. The Utilities - Regulated industry median Debt-to-EBITDA is 4.01. Snam SpA's value of 5.27 is 31.4% above this industry median. Based on the distribution chart, Snam SpA ranks #280 out of 448 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Snam SpA has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Snam SpA's Debt-to-EBITDA compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Snam SpA ranks #280 out of 448 companies for Debt-to-EBITDA. This places Snam SpA in the lower half of its industry. The industry median Debt-to-EBITDA is 4.01. Snam SpA's value of 5.27 is 31.4% above this benchmark. Historically, Snam SpA's own Debt-to-EBITDA has ranged from 4.66 to 6.65 over the past decade. While the company's 10-year median is 6.04 vs. the industry median of 4.01, Snam 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 4.01, based on 448 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. Snam SpA's current Debt-to-EBITDA of 5.27 is 31.4% 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 Snam 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. Snam SpA's current Debt-to-EBITDA is 5.27, which is 13% below median its own 10-year median of 6.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Snam SpA stock overvalued right now?
Based on GuruFocus' analysis, Snam SpA (SNMRF) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.59, compared to a current price of $7.35 — trading 31.4% above its estimated fair value. The current Debt-to-EBITDA is 5.27, which is 13% below median its 10-year median of 6.04 and 31.4% above the Utilities - Regulated industry median of 4.01. Snam SpA's overall GF Score™ is 69/100 with 9 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 Snam SpA (SNMRF), the current Debt-to-EBITDA is 5.27 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 Snam SpA (SNMRF) Overvalued in 2026?
Based on GuruFocus' analysis, Snam SpA stock appears to be overvalued.
The current stock price of $7.35 is trading 31.4% above its estimated GF Value™ of $5.59.
GuruFocus considers Snam SpA to be Significantly Overvalued.
Key valuation signals for SNMRF:
Debt-to-EBITDA: 5.27 (13% below median its 10-year median of 6.04)
GF Value™: $5.59 vs. price of $7.35 (31.4% above fair value)
Industry Position: 31.4% above the Utilities - Regulated median (#280 of 448)
No single metric tells the full story. See the SNMRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Snam operates a network of about 38,000 kilometers of natural gas pipelines in Italy and abroad. It also holds 17% of European gas storage capacity and 18.1 billion cubic meters of LNG regasification capacity. Snam is investing in hydrogen, biofuels, carbon capture and storage, and energy efficiencies to prepare for the energy transition. Snam became independent from Eni in 2012 after the latter sold its stake to Cassa Depositi e Prestiti, a financial institution controlled by the Ministry of Economy and Finance.
69GF 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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