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Terna SpATERRF 89 Debt-to-EBITDA is 4.10 as of Jun. 2026, which is 28% below its 10-year median of 5.67. GuruFocus rates TERRF with a GF Score™ of 89/100 and a GF Value™ of $10.97 (Fairly Valued). The stock has 3 warning signs investors should review. Among 448 Utilities - Regulated companies, Terna SpA ranks worse than 51.79% 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 Terna SpA's Debt-to-EBITDA or its related term are showing as below:
TERRF'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.3 Med: 5.67 Max: 6.84
Current: 4.3
During the past 13 years, the highest Debt-to-EBITDA Ratio of Terna SpA was 6.84. The lowest was 4.30. And the median was 5.67.
TERRF's Debt-to-EBITDA is ranked worse than 51.79% of 448
companies
in the Utilities - Regulated industry
Industry Median: 4.015
vs TERRF: 4.30
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.
Terna SpA Debt-to-EBITDA Related Terms
Terna SpA Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Terna 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 Electric subindustry, Terna 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.
Terna SpA Debt-to-EBITDA vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Terna SpA's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Terna 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 (Jun. 2026) EBITDA data.
Terna SpA (TERRF) has a Debt-to-EBITDA of 4.10 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Terna SpA. This is 28% below median its historical median of 5.67. Over the past decade, Terna SpA's Debt-to-EBITDA has ranged from 4.30 to 6.84. According to the industry distribution chart, Terna SpA ranks #232 out of 448 companies in the Utilities - Regulated industry, placing it in the top 51.8%.
Is Terna SpA's Debt-to-EBITDA too high?
Terna SpA's current Debt-to-EBITDA of 4.10 is 28% below median its 10-year median of 5.67. Over the past 10 years, this metric has ranged from a low of 4.30 to a high of 6.84. The Utilities - Regulated industry median Debt-to-EBITDA is 4.02. Terna SpA's value of 4.10 is 2.1% above this industry median. Based on the distribution chart, Terna SpA ranks #232 out of 448 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Terna SpA has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Terna SpA's Debt-to-EBITDA compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Terna SpA ranks #232 out of 448 companies for Debt-to-EBITDA. This places Terna SpA in the lower half of its industry. The industry median Debt-to-EBITDA is 4.02. Terna SpA's value of 4.10 is 2.1% above this benchmark. Historically, Terna SpA's own Debt-to-EBITDA has ranged from 4.30 to 6.84 over the past decade. While the company's 10-year median is 5.67 vs. the industry median of 4.02, Terna 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 4.02, 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. Terna SpA's current Debt-to-EBITDA of 4.10 is 2.1% 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 Terna SpA. For the Utilities - Regulated industry, the median Debt-to-EBITDA is 4.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Terna SpA's current Debt-to-EBITDA is 4.10, which is 28% below median its own 10-year median of 5.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Terna SpA stock overvalued right now?
Based on GuruFocus' analysis, Terna SpA (TERRF) is currently considered Fairly Valued. The stock's GF Value™ is $10.97, compared to a current price of $10.95 — trading 0.2% below its estimated fair value. The current Debt-to-EBITDA is 4.10, which is 28% below median its 10-year median of 5.67 and 2.1% above the Utilities - Regulated industry median of 4.02. Terna SpA's overall GF Score™ is 89/100 with 3 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 Terna SpA (TERRF), the current Debt-to-EBITDA is 4.10 as of Jun. 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 Terna SpA (TERRF) Overvalued in 2026?
Based on GuruFocus' analysis, Terna SpA stock appears to be undervalued.
The current stock price of $10.95 is trading 0.2% below its estimated GF Value™ of $10.97.
GuruFocus considers Terna SpA to be Fairly Valued.
Key valuation signals for TERRF:
Debt-to-EBITDA: 4.10 (28% below median its 10-year median of 5.67)
GF Value™: $10.97 vs. price of $10.95 (0.2% below fair value)
Industry Position: 2.1% above the Utilities - Regulated median (#232 of 448)
No single metric tells the full story. See the TERRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Terna SpA is an electricity transmission system operator that owns virtually all of the Italian National Transmission Grid. With a monopoly under an Italian government license, Terna transmits and dispatches electricity throughout the country. It is also responsible for the planning, construction, and maintenance of the nation's electrical grid. Terna segments its operations into its Regulated Activities, Non-Regulated Activities, and International Activities. The company generates the vast majority of its revenue from charging transmission fees as a part of its Regulated Activities. Under its Non-Regulated Activities, Terna mainly produces and sells electricity transformers. The company has also made efforts to expand its operations into Italy's neighboring countries and North Africa.
89GF Score
Get the complete analysis for TERRF
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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