Telecom Italia SpA (MIL:TIT) Debt-to-Equity: 1.21 (As of Mar. 2026) — 18% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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MIL:TIT Telecom Italia SpA MIL:TIT
45 GF Score
Price €7.53
GF Value €2.37
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Telecom Italia SpA Debt-to-Equity?

Telecom Italia SpA MIL:TIT -0.67% 45 Debt-to-Equity is 1.21 as of Mar. 2026, which is 18% below its 10-year median of 1.48. GuruFocus rates MIL:TIT with a GF Score™ of 45/100 and a GF Value™ of €2.37 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 323 Telecommunication Services companies, Telecom Italia SpA ranks worse than 70.28% on this metric.

Telecom Italia SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was €3,178 Mil. Telecom Italia SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was €11,458 Mil. Telecom Italia SpA's Total Stockholders Equity for the quarter that ended in Mar. 2026 was €12,118 Mil. Telecom Italia SpA's debt to equity for the quarter that ended in Mar. 2026 was 1.21.

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 Telecom Italia SpA's Debt-to-Equity or its related term are showing as below:

MIL:TIT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24   Med: 1.48   Max: 2.38
Current: 1.21

During the past 13 years, the highest Debt-to-Equity Ratio of Telecom Italia SpA was 2.38. The lowest was 0.24. And the median was 1.48.

MIL:TIT's Debt-to-Equity is ranked worse than
70.28% of 323 companies
in the Telecommunication Services industry
Industry Median: 0.61 vs MIL:TIT: 1.21

Telecom Italia SpA  (MIL:TIT) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


Telecom Italia SpA Debt-to-Equity Related Terms


Telecom Italia SpA Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Telecom Italia 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.

Telecom Italia SpA Debt-to-Equity Chart

Telecom Italia SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.84 2.07 2.31 1.23 1.08

Telecom Italia SpA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.27 1.13 1.23 1.08 1.21

MIL:TIT vs TMUS, VZ, T: Debt-to-Equity Comparison

For the Telecom Services subindustry, Telecom Italia 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.


Telecom Italia SpA Debt-to-Equity vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Telecom Italia SpA's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Telecom Italia SpA's Debt-to-Equity falls into.


MIL:TIT
45GF Score
Telecom Italia SpA MIL:TIT
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Telecom Italia SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Telecom Italia SpA's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Telecom Italia SpA's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 1.21 mean?
Telecom Italia SpA (MIL:TIT) has a Debt-to-Equity of 1.21 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Telecom Italia SpA and its competitors. This is 18% below median its historical median of 1.48. Over the past decade, Telecom Italia SpA's Debt-to-Equity has ranged from 0.24 to 2.38. According to the industry distribution chart, Telecom Italia SpA ranks #227 out of 323 companies in the Telecommunication Services industry, placing it in the top 70.3%.
Is Telecom Italia SpA's Debt-to-Equity too high?
Telecom Italia SpA's current Debt-to-Equity of 1.21 is 18% below median its 10-year median of 1.48. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 2.38. The Telecommunication Services industry median Debt-to-Equity is 0.61. Telecom Italia SpA's value of 1.21 is 98.4% above this industry median. Based on the distribution chart, Telecom Italia SpA ranks #227 out of 323 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Telecom Italia SpA has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Telecom Italia SpA's Debt-to-Equity compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Telecom Italia SpA ranks #227 out of 323 companies for Debt-to-Equity. This places Telecom Italia SpA in the lower half of its industry. The industry median Debt-to-Equity is 0.61. Telecom Italia SpA's value of 1.21 is 98.4% above this benchmark. Historically, Telecom Italia SpA's own Debt-to-Equity has ranged from 0.24 to 2.38 over the past decade. While the company's 10-year median is 1.48 vs. the industry median of 0.61, Telecom Italia 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 a Telecommunication Services company?
The median Debt-to-Equity among Telecommunication Services companies is 0.61, based on 323 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. Telecom Italia SpA's current Debt-to-Equity of 1.21 is 98.4% 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 Telecom Italia SpA and its competitors. For the Telecommunication Services industry, the median Debt-to-Equity is 0.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telecom Italia SpA's current Debt-to-Equity is 1.21, which is 18% below median its own 10-year median of 1.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telecom Italia SpA stock overvalued right now?
Based on GuruFocus' analysis, Telecom Italia SpA (MIL:TIT) is currently considered Significantly Overvalued. The stock's GF Value™ is €2.37, compared to a current price of €7.53 — trading 217.7% above its estimated fair value. The current Debt-to-Equity is 1.21, which is 18% below median its 10-year median of 1.48 and 98.4% above the Telecommunication Services industry median of 0.61. Telecom Italia SpA's overall GF Score™ is 45/100 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-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Telecom Italia SpA (MIL:TIT), the current Debt-to-Equity is 1.21 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 Telecom Italia SpA (MIL:TIT) Overvalued in 2026?

Based on GuruFocus' analysis, Telecom Italia SpA stock appears to be overvalued. The current stock price of €7.53 is trading 217.7% above its estimated GF Value™ of €2.37. GuruFocus considers Telecom Italia SpA to be Significantly Overvalued.

Key valuation signals for MIL:TIT:

  • Debt-to-Equity: 1.21 (18% below median its 10-year median of 1.48)
  • GF Value™: €2.37 vs. price of €7.53 (217.7% above fair value)
  • GF Score™: 45/100 with 9 warning signs
  • Industry Position: 98.4% above the Telecommunication Services median (#227 of 323)

No single metric tells the full story. See the MIL:TIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Telecom Italia SpA Business Description

Address Via di Val Cannuta, No. 182, Roma, ITA, 00166
Telecom Italia is the incumbent telecommunications operator in Italy, with 23% share in the Italian mobile market and 35% share in broadband. In the mobile market, it competes with Vodafone, WindTre, and Iliad. After the sale of its fixed network to KKR for EUR 18.8 billion in 2024, TIM has become a pure service provider with no network ownership. TIM Brazil is significantly smaller than its peers, Telefonica and America Movil, with 25% wireless market share.
45GF Score

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Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€7.53
Price
€2.37
GF Value