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Iren SpAMIL:IRE +1.03%77 EV-to-EBITDA is 6.16 as of Jul. 20, 2026, which is 100% above its 10-year median of 3.08. 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 469 Utilities - Regulated companies, Iren SpA ranks better than 77.19% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Iren SpA's enterprise value is €7,875 Mil.
Iren SpA's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €1,278 Mil. Therefore, Iren SpA's EV-to-EBITDA for today is 6.16.
The historical rank and industry rank for Iren SpA's EV-to-EBITDA or its related term are showing as below:
MIL:IRE'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 1.19 Med: 3.08 Max: 8.59
Current: 6.16
During the past 13 years, the highest EV-to-EBITDA of Iren SpA was 8.59. The lowest was 1.19. And the median was 3.08.
MIL:IRE's EV-to-EBITDA is ranked better than 77.19% of 469
companies
in the Utilities - Regulated industry
Industry Median: 9.92
vs MIL:IRE: 6.16
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
Iren SpA (MIL:IRE) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Iren SpA's share price for today is €2.56.
Iren SpA's Earnings per Share (Diluted) 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 €0.230.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Iren SpA's EV-to-EBITDA 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 EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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 EV-to-EBITDA vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Iren SpA's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Iren SpA's EV-to-EBITDA falls into.
Iren SpA's current Enterprise Value is €7,875 Mil.
Iren SpA's EBITDA 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 €1,278 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.
Iren SpA (MIL:IRE) has a EV-to-EBITDA of 6.16 as of Jul. 20, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Iren SpA. This is 100% above median its historical median of 3.08. Over the past decade, Iren SpA's EV-to-EBITDA has ranged from 1.19 to 8.59. According to the industry distribution chart, Iren SpA ranks #107 out of 469 companies in the Utilities - Regulated industry, placing it in the top 22.8%.
Is Iren SpA's EV-to-EBITDA too high?
Iren SpA's current EV-to-EBITDA of 6.16 is 100% above median its 10-year median of 3.08. Over the past 10 years, this metric has ranged from a low of 1.19 to a high of 8.59. The Utilities - Regulated industry median EV-to-EBITDA is 9.92. Iren SpA's value of 6.16 is 37.9% below this industry median. Based on the distribution chart, Iren SpA ranks #107 out of 469 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. 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 EV-to-EBITDA compare to SRE?
According to the Utilities - Regulated industry distribution chart, Iren SpA ranks #107 out of 469 companies for EV-to-EBITDA. This places Iren SpA in the top 23% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 9.92. Iren SpA's value of 6.16 is 37.9% below this benchmark. Historically, Iren SpA's own EV-to-EBITDA has ranged from 1.19 to 8.59 over the past decade. While the company's 10-year median is 3.08 vs. the industry median of 9.92, Iren 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 EV-to-EBITDA for an Utilities - Regulated company?
The median EV-to-EBITDA among Utilities - Regulated companies is 9.92, based on 469 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Iren SpA's current EV-to-EBITDA of 6.16 is 37.9% 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Iren SpA. For the Utilities - Regulated industry, the median EV-to-EBITDA is 9.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Iren SpA's current EV-to-EBITDA is 6.16, which is 100% above median its own 10-year median of 3.08. 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 EV-to-EBITDA is 6.16, which is 100% above median its 10-year median of 3.08 and 37.9% below the Utilities - Regulated industry median of 9.92. 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 EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Iren SpA (MIL:IRE), the current EV-to-EBITDA is 6.16 as of Jul. 20, 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:
EV-to-EBITDA: 6.16 (100% above median its 10-year median of 3.08)
GF Value™: €2.17 vs. price of €2.56 (18% above fair value)
Industry Position: 37.9% below the Utilities - Regulated median (#107 of 469)
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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