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Eni SpACHIX:ENIM +0.43%67 Debt-to-Equity is 0.71 as of Jun. 2026, which is 11% above its 10-year median of 0.64. GuruFocus rates CHIX:ENIM with a GF Score™ of 67/100 and a GF Value™ of €14.57 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 798 Oil & Gas companies, Eni SpA ranks worse than 63.53% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Eni SpA's Debt-to-Equity or its related term are showing as below:
CHIX:ENIm'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.48 Med: 0.64 Max: 0.9
Current: 0.71
During the past 13 years, the highest Debt-to-Equity Ratio of Eni SpA was 0.90. The lowest was 0.48. And the median was 0.64.
CHIX:ENIm's Debt-to-Equity is ranked worse than 63.53% of 798
companies
in the Oil & Gas industry
Industry Median: 0.46
vs CHIX:ENIm: 0.71
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Eni SpA Debt-to-Equity Related Terms
Eni SpA Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Eni SpA's Debt-to-Equity 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 Oil & Gas Integrated subindustry, Eni SpA's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
Eni SpA Debt-to-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Eni SpA's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Eni SpA's Debt-to-Equity 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.
Eni SpA (CHIX:ENIM) has a Debt-to-Equity of 0.71 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Eni SpA and its competitors. This is 11% above median its historical median of 0.64. Over the past decade, Eni SpA's Debt-to-Equity has ranged from 0.48 to 0.90. According to the industry distribution chart, Eni SpA ranks #507 out of 798 companies in the Oil & Gas industry, placing it in the top 63.5%.
Is Eni SpA's Debt-to-Equity too high?
Eni SpA's current Debt-to-Equity of 0.71 is 11% above median its 10-year median of 0.64. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 0.90. The Oil & Gas industry median Debt-to-Equity is 0.46. Eni SpA's value of 0.71 is 54.3% above this industry median. Based on the distribution chart, Eni SpA ranks #507 out of 798 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Eni SpA has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Eni SpA's Debt-to-Equity compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Eni SpA ranks #507 out of 798 companies for Debt-to-Equity. This places Eni SpA in the lower half of its industry. The industry median Debt-to-Equity is 0.46. Eni SpA's value of 0.71 is 54.3% above this benchmark. Historically, Eni SpA's own Debt-to-Equity has ranged from 0.48 to 0.90 over the past decade. While the company's 10-year median is 0.64 vs. the industry median of 0.46, Eni 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-Equity for an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.46, based on 798 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Eni SpA's current Debt-to-Equity of 0.71 is 54.3% 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Eni SpA and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eni SpA's current Debt-to-Equity is 0.71, which is 11% above median its own 10-year median of 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eni SpA stock overvalued right now?
Based on GuruFocus' analysis, Eni SpA (CHIX:ENIM) is currently considered Significantly Overvalued. The stock's GF Value™ is €14.57, compared to a current price of €23.88 — trading 63.9% above its estimated fair value. The current Debt-to-Equity is 0.71, which is 11% above median its 10-year median of 0.64 and 54.3% above the Oil & Gas industry median of 0.46. Eni SpA's overall GF Score™ is 67/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Eni SpA (CHIX:ENIM), the current Debt-to-Equity is 0.71 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 Eni SpA (CHIX:ENIM) Overvalued in 2026?
Based on GuruFocus' analysis, Eni SpA stock appears to be overvalued.
The current stock price of €23.88 is trading 63.9% above its estimated GF Value™ of €14.57.
GuruFocus considers Eni SpA to be Significantly Overvalued.
Key valuation signals for CHIX:ENIM:
Debt-to-Equity: 0.71 (11% above median its 10-year median of 0.64)
GF Value™: €14.57 vs. price of €23.88 (63.9% above fair value)
Industry Position: 54.3% above the Oil & Gas median (#507 of 798)
No single metric tells the full story. See the CHIX:ENIM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eni is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2025, the company produced 0.8 million barrels of liquids and 4.6 billion cubic feet of natural gas per day. At year-end 2025, Eni held reserves of 6.9 billion barrels of oil equivalent, 44% of which are liquids. The Italian government owns a 33.1% stake in the company. Plentitude, Eni's renewable and low-carbon business, has 5.8 gigawatts of renewable power capacity, serves 10 million electricity customers, and operates 23,000 electric vehicle charging points.
67GF Score
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