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ERG SpAMIL:ERG +0.35%71 3-Year Dividend Growth Rate is 3.60% as of Jun. 2026, which is 62% below its 10-year median of 9.50. GuruFocus rates MIL:ERG with a GF Score™ of 71/100 and a GF Value™ of €24.42 (Fairly Valued). The stock has 7 warning signs investors should review. Among 146 Utilities - Independent Power Producers companies, ERG SpA ranks worse than 54.11% on this metric.
The historical rank and industry rank for ERG SpA's 3-Year Dividend Growth Rate or its related term are showing as below:
MIL:ERG'
s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -23.7 Med: 9.5 Max: 47.8
Current: 3.6
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of ERG SpA was 47.80% per year. The lowest was -23.70% per year. And the median was 9.50% per year.
MIL:ERG's 3-Year Dividend Growth Rate is ranked worse than 54.11% of 146
companies
in the Utilities - Independent Power Producers industry
Industry Median: 5.3
vs MIL:ERG: 3.60
During the past 3 years, the average Dividends Per Share Growth Rate was 3.60% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 7.10% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 7.40% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of ERG SpA is 1.99, which seems too high.
For more information regarding to dividend, please check our Dividend Page.
During the past 13 years, the highest Dividend Payout Ratio of ERG SpA was 2.53. The lowest was 0.60. And the median was 1.04.
Warning Sign:
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of ERG SpA is 1.99, which seems too high.
2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.
ERG SpA Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
EUR 1.000000
2026-05-18
2026-05-19
2026-05-20
Cash Dividend
annually
EUR:EUR 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
ERG SpA's Dividend Yield (%) for Today is calculated as
Current Share Price is €22.64.
ERG SpA's Dividends per Share for the trailing twelve months (TTM) ended in Today is €1.
During the past 13 years, the highest Dividend Yield of ERG SpA was 7.19%. The lowest was 2.21%. And the median was 4.01%.
* 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.
ERG SpA 3-Year Dividend Growth Rate Related Terms>
For the Utilities - Renewable subindustry, ERG SpA's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate 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.
ERG SpA 3-Year Dividend Growth Rate vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, ERG SpA's 3-Year Dividend Growth Rate distribution charts can be found below:
* The bar in red indicates where ERG SpA's 3-Year Dividend Growth Rate falls into.
This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
What does a 3-Year Dividend Growth Rate of 3.60% mean?
ERG SpA (MIL:ERG) has a 3-Year Dividend Growth Rate of 3.60% as of Jun. 2026. 3-Year Dividend Growth Rate is the company's three-year average growth of dividend payout. View historical data on ERG SpA and its competitors. This is 62% below median its historical median of 9.50. According to the industry distribution chart, ERG SpA ranks #79 out of 146 companies in the Utilities - Independent Power Producers industry, placing it in the top 54.1%.
Is ERG SpA's 3-Year Dividend Growth Rate too high?
ERG SpA's current 3-Year Dividend Growth Rate of 3.60% is 62% below median its 10-year median of 9.50. The Utilities - Independent Power Producers industry median 3-Year Dividend Growth Rate is 5.30. ERG SpA's value of 3.60% is 32.1% below this industry median. Based on the distribution chart, ERG SpA ranks #79 out of 146 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, ERG SpA has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ERG SpA's 3-Year Dividend Growth Rate compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, ERG SpA ranks #79 out of 146 companies for 3-Year Dividend Growth Rate. This places ERG SpA in the lower half of its industry. The industry median 3-Year Dividend Growth Rate is 5.30. ERG SpA's value of 3.60% is 32.1% below this benchmark. While the company's 10-year median is 9.50 vs. the industry median of 5.30, ERG SpA has consistently been below 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 3-Year Dividend Growth Rate for an Utilities - Independent Power Producers company?
The median 3-Year Dividend Growth Rate among Utilities - Independent Power Producers companies is 5.30, based on 146 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year Dividend Growth Rate significantly above this median, while those in the bottom quartile fall well below. However, 3-Year Dividend Growth Rate should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ERG SpA's current 3-Year Dividend Growth Rate of 3.60% is 32.1% below 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 3-Year Dividend Growth Rate mean?
A high 3-Year Dividend Growth Rate can signal that a stock is expensive relative to its fundamentals. 3-Year Dividend Growth Rate is the company's three-year average growth of dividend payout. View historical data on ERG SpA and its competitors. For the Utilities - Independent Power Producers industry, the median 3-Year Dividend Growth Rate is 5.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ERG SpA's current 3-Year Dividend Growth Rate is 3.60%, which is 62% below median its own 10-year median of 9.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ERG SpA stock overvalued right now?
Based on GuruFocus' analysis, ERG SpA (MIL:ERG) is currently considered Fairly Valued. The stock's GF Value™ is €24.42, compared to a current price of €22.64 — trading 7.3% below its estimated fair value. The current 3-Year Dividend Growth Rate is 3.60%, which is 62% below median its 10-year median of 9.50 and 32.1% below the Utilities - Independent Power Producers industry median of 5.30. ERG SpA's overall GF Score™ is 71/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year Dividend Growth Rate calculated?
3-Year Dividend Growth Rate is calculated from a company's financial statements. For ERG SpA (MIL:ERG), the current 3-Year Dividend Growth Rate is 3.60% 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 ERG SpA (MIL:ERG) Overvalued in 2026?
Based on GuruFocus' analysis, ERG SpA stock appears to be undervalued.
The current stock price of €22.64 is trading 7.3% below its estimated GF Value™ of €24.42.
GuruFocus considers ERG SpA to be Fairly Valued.
Key valuation signals for MIL:ERG:
3-Year Dividend Growth Rate: 3.60% (62% below median its 10-year median of 9.50)
GF Value™: €24.42 vs. price of €22.64 (7.3% below fair value)
Industry Position: 32.1% below the Utilities - Independent Power Producers median (#79 of 146)
No single metric tells the full story. See the MIL:ERG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ERG SpA produces electricity from clean, renewable, and sustainable sources. Its energy comes from the combination of natural resources such as wind and sun. The company produces wind power, and electricity as a hydroelectric operator to markets across Europe. Electricity is also generated from natural gas operations located in Italy. ERG's wind power production is handled by subsidiary ENG Renew which focuses on developing, building, and operating wind assets. Hydropower and natural gas operations are split off into ERG Power Generation. The company's hydro assets include plants, dams, reservoirs, and a pumping station. Electricity from the plant is either fed into Italy's national grid or used to power other industrial plants.
71GF Score
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3-Year Dividend Growth Rate is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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