Snam SpA (MEX:SRGS N) EBIT: MXN44,707 Mil (TTM As of Mar. 2026)


MEX:SRGS N Snam SpA MEX:SRGS N
69 GF Score
Price MXN86.11
GF Value MXN66.28
! 10 Warning Signs
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What is Snam SpA EBIT?

Snam SpA MEX:SRGS N 69 EBIT is MXN44,707 Mil as of Mar. 2026. GuruFocus rates MEX:SRGS N with a GF Score™ of 69/100 and a GF Value™ of MXN66.28. The stock has 10 warning signs investors should review.

Snam SpA's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was MXN12,196 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was MXN44,707 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Snam SpA's annualized ROC % for the quarter that ended in Mar. 2026 was 4.56%. Snam SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.12%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Snam SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.79%.


Snam SpA  (MEX:SRGS N) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Snam SpA's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=40193.116 * ( 1 - 24.55% )/( (731760.924 + 598748.181)/ 2 )
=30325.706022/665254.5525
=4.56 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=780106.44 - 113241.938 - ( 43032.358 - max(0, 229836.224 - 164939.802+43032.358))
=731760.924

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=604772.979 - 24682.91 - ( 0 - max(0, 24682.91 - 6024.798+0))
=598748.181

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Snam SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=48782.1/( ( (476202.272 + max(-7843.232, 0)) + (487612.547 + max(-18658.112, 0)) )/ 2 )
=48782.1/( ( 476202.272 + 487612.547 )/ 2 )
=48782.1/481907.4095
=10.12 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(53658.673 + 44107.64 + 16803.914) - (113241.938 + 0 + 9171.521)
=-7843.232

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 6024.798) - (24682.91 + 0 + 0)
=-18658.112

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Snam SpA's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=44706.79/772039.154
=5.79 %

* 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.


Snam SpA EBIT Related Terms


Snam SpA EBIT Historical Data

* Premium members only.

The historical data trend for Snam SpA's EBIT 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.

Snam SpA EBIT Chart

Snam SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 40,193.53 24,824.36 33,393.18 46,210.12 44,887.75

Snam SpA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 13,469.24 12,965.44 4,112.37 15,433.46 12,195.53

MEX:SRGS N vs ATO, NI, UGI: EBIT Comparison

For the Utilities - Regulated Gas subindustry, Snam SpA's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.


Snam SpA EV-to-EBIT vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Snam SpA's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Snam SpA's EV-to-EBIT falls into.


MEX:SRGS N
69GF Score
Snam SpA MEX:SRGS N
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Snam SpA EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN44,707 Mil.

* 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 EBIT →
What does a EBIT of MXN44,707 Mil mean?
Snam SpA (MEX:SRGS N) has a EBIT of MXN44,707 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Snam SpA.
Is Snam SpA's EBIT too high?
Snam SpA's current EBIT is MXN44,707 Mil. Overall, Snam SpA has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Snam SpA's EBIT compare to ATO and NI?
Snam SpA's EBIT of MXN44,707 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Utilities - Regulated company?
A good EBIT depends on the Utilities - Regulated industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Snam SpA. Snam SpA's current EBIT is MXN44,707 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Snam SpA stock overvalued right now?
Snam SpA (MEX:SRGS N) has a current EBIT of MXN44,707 Mil. The stock's GF Value™ is MXN66.28, compared to a current price of MXN86.11 — trading 29.9% above its estimated fair value. The current EBIT is MXN44,707 Mil. Snam SpA's overall GF Score™ is 69/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Snam SpA (MEX:SRGS N), the current EBIT is MXN44,707 Mil 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 Snam SpA (MEX:SRGS N) Overvalued in 2026?

Based on GuruFocus' analysis, Snam SpA stock appears to be overvalued. The current stock price of MXN86.11 is trading 29.9% above its estimated GF Value™ of MXN66.28.

Key valuation signals for MEX:SRGS N:

  • EBIT: MXN44,707 Mil
  • GF Value™: MXN66.28 vs. price of MXN86.11 (29.9% above fair value)
  • GF Score™: 69/100 with 10 warning signs

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


Snam SpA Business Description

Address Via Vezza d\'Oglio 6, Symbiosis, Porta Romana district, Milan, ITA, 20139
Snam operates a network of about 38,000 kilometers of natural gas pipelines in Italy and abroad. It also holds 17% of European gas storage capacity and 18.1 billion cubic meters of LNG regasification capacity. Snam is investing in hydrogen, biofuels, carbon capture and storage, and energy efficiencies to prepare for the energy transition. Snam became independent from Eni in 2012 after the latter sold its stake to Cassa Depositi e Prestiti, a financial institution controlled by the Ministry of Economy and Finance.
69GF Score

Get the complete analysis for MEX:SRGS N

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

MXN86.11
Price
MXN66.28
GF Value