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Iren SpAMIL:IRE +1.03%77 Debt-to-Equity is 1.31 as of Mar. 2026, which is 13% below its 10-year median of 1.50. GuruFocus rates MIL:IRE with a GF Score™ of 77/100 and a GF Value™ of €2.17 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 474 Utilities - Regulated companies, Iren SpA ranks worse than 63.29% 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 Iren SpA's Debt-to-Equity or its related term are showing as below:
MIL:IRE'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 1.5 Max: 1.74
Current: 1.31
During the past 13 years, the highest Debt-to-Equity Ratio of Iren SpA was 1.74. The lowest was 0.04. And the median was 1.50.
MIL:IRE's Debt-to-Equity is ranked worse than 63.29% of 474
companies
in the Utilities - Regulated industry
Industry Median: 0.975
vs MIL:IRE: 1.31
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.
Iren SpA Debt-to-Equity Related Terms
Iren SpA Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Iren 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 Utilities - Diversified subindustry, Iren 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.
Iren SpA Debt-to-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Iren SpA's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Iren 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.
Iren SpA (MIL:IRE) has a Debt-to-Equity of 1.31 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Iren SpA and its competitors. This is 13% below median its historical median of 1.50. Over the past decade, Iren SpA's Debt-to-Equity has ranged from 0.04 to 1.74. According to the industry distribution chart, Iren SpA ranks #300 out of 474 companies in the Utilities - Regulated industry, placing it in the top 63.3%.
Is Iren SpA's Debt-to-Equity too high?
Iren SpA's current Debt-to-Equity of 1.31 is 13% below median its 10-year median of 1.50. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 1.74. The Utilities - Regulated industry median Debt-to-Equity is 0.98. Iren SpA's value of 1.31 is 34.4% above this industry median. Based on the distribution chart, Iren SpA ranks #300 out of 474 companies in the Utilities - Regulated industry, which is below 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-Equity compare to SRE?
According to the Utilities - Regulated industry distribution chart, Iren SpA ranks #300 out of 474 companies for Debt-to-Equity. This places Iren SpA in the lower half of its industry. The industry median Debt-to-Equity is 0.98. Iren SpA's value of 1.31 is 34.4% above this benchmark. Historically, Iren SpA's own Debt-to-Equity has ranged from 0.04 to 1.74 over the past decade. While the company's 10-year median is 1.50 vs. the industry median of 0.98, Iren 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 Utilities - Regulated company?
The median Debt-to-Equity among Utilities - Regulated companies is 0.98, based on 474 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. Iren SpA's current Debt-to-Equity of 1.31 is 34.4% 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-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 Iren SpA and its competitors. For the Utilities - Regulated industry, the median Debt-to-Equity is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Iren SpA's current Debt-to-Equity is 1.31, which is 13% below median its own 10-year median of 1.50. 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 €2.56 — trading 18% above its estimated fair value. The current Debt-to-Equity is 1.31, which is 13% below median its 10-year median of 1.50 and 34.4% above the Utilities - Regulated industry median of 0.98. Iren SpA's overall GF Score™ is 77/100 with 5 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 Iren SpA (MIL:IRE), the current Debt-to-Equity is 1.31 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 €2.56 is trading 18% above its estimated GF Value™ of €2.17.
GuruFocus considers Iren SpA to be Modestly Overvalued.
Key valuation signals for MIL:IRE:
Debt-to-Equity: 1.31 (13% below median its 10-year median of 1.50)
GF Value™: €2.17 vs. price of €2.56 (18% above fair value)
Industry Position: 34.4% above the Utilities - Regulated median (#300 of 474)
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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