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Terna SpASTU:UEI +0.64%90 EV-to-EBITDA is 19.25 as of Sep. 13, 2026, which is 72% above its 10-year median of 11.16. GuruFocus rates STU:UEI with a GF Score™ of 90/100 and a GF Value™ of €10.05 (Fairly Valued). The stock has 2 warning signs investors should review. Among 471 Utilities - Regulated companies, Terna SpA ranks worse than 55.2% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Terna SpA's enterprise value is €31,070 Mil.
Terna SpA's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was €1,614 Mil. Therefore, Terna SpA's EV-to-EBITDA for today is 19.25.
The historical rank and industry rank for Terna SpA's EV-to-EBITDA or its related term are showing as below:
STU:UEI'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 5.91 Med: 11.16 Max: 13.22
Current: 10.43
During the past 13 years, the highest EV-to-EBITDA of Terna SpA was 13.22. The lowest was 5.91. And the median was 11.16.
STU:UEI's EV-to-EBITDA is ranked worse than 55.2% of 471
companies
in the Utilities - Regulated industry
Industry Median: 9.86
vs STU:UEI: 10.43
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.
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.
Terna SpA's share price for today is €9.16.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Terna SpA's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was €0.556.
* 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 Terna 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 - Regulated Electric subindustry, Terna 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.
Terna SpA EV-to-EBITDA vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Terna SpA's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Terna SpA's EV-to-EBITDA falls into.
Terna SpA's current Enterprise Value is €31,070 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Terna SpA's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was €1,614 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.
Terna SpA (STU:UEI) has a EV-to-EBITDA of 19.25 as of Sep. 13, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Terna SpA. This is 72% above median its historical median of 11.16. Over the past decade, Terna SpA's EV-to-EBITDA has ranged from 5.91 to 13.22. According to the industry distribution chart, Terna SpA ranks #260 out of 471 companies in the Utilities - Regulated industry, placing it in the top 55.2%.
Is Terna SpA's EV-to-EBITDA too high?
Terna SpA's current EV-to-EBITDA of 19.25 is 72% above median its 10-year median of 11.16. Over the past 10 years, this metric has ranged from a low of 5.91 to a high of 13.22. The Utilities - Regulated industry median EV-to-EBITDA is 9.86. Terna SpA's value of 19.25 is 95.2% above this industry median. Based on the distribution chart, Terna SpA ranks #260 out of 471 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Terna SpA has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Terna SpA's EV-to-EBITDA compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Terna SpA ranks #260 out of 471 companies for EV-to-EBITDA. This places Terna SpA in the lower half of its industry. The industry median EV-to-EBITDA is 9.86. Terna SpA's value of 19.25 is 95.2% above this benchmark. Historically, Terna SpA's own EV-to-EBITDA has ranged from 5.91 to 13.22 over the past decade. While the company's 10-year median is 11.16 vs. the industry median of 9.86, Terna 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 EV-to-EBITDA for an Utilities - Regulated company?
The median EV-to-EBITDA among Utilities - Regulated companies is 9.86, based on 471 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. Terna SpA's current EV-to-EBITDA of 19.25 is 95.2% 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 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 Terna SpA. For the Utilities - Regulated industry, the median EV-to-EBITDA is 9.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Terna SpA's current EV-to-EBITDA is 19.25, which is 72% above median its own 10-year median of 11.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Terna SpA stock overvalued right now?
Based on GuruFocus' analysis, Terna SpA (STU:UEI) is currently considered Fairly Valued. The stock's GF Value™ is €10.05, compared to a current price of €9.16 — trading 8.9% below its estimated fair value. The current EV-to-EBITDA is 19.25, which is 72% above median its 10-year median of 11.16 and 95.2% above the Utilities - Regulated industry median of 9.86. Terna SpA's overall GF Score™ is 90/100 with 2 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 Terna SpA (STU:UEI), the current EV-to-EBITDA is 19.25 as of Sep. 13, 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 Terna SpA (STU:UEI) Overvalued in 2026?
Based on GuruFocus' analysis, Terna SpA stock appears to be undervalued.
The current stock price of €9.16 is trading 8.9% below its estimated GF Value™ of €10.05.
GuruFocus considers Terna SpA to be Fairly Valued.
Key valuation signals for STU:UEI:
EV-to-EBITDA: 19.25 (72% above median its 10-year median of 11.16)
GF Value™: €10.05 vs. price of €9.16 (8.9% below fair value)
Industry Position: 95.2% above the Utilities - Regulated median (#260 of 471)
No single metric tells the full story. See the STU:UEI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Terna SpA is an electricity transmission system operator that owns virtually all of the Italian National Transmission Grid. With a monopoly under an Italian government license, Terna transmits and dispatches electricity throughout the country. It is also responsible for the planning, construction, and maintenance of the nation's electrical grid. Terna segments its operations into its Regulated Activities, Non-Regulated Activities, and International Activities. The company generates the vast majority of its revenue from charging transmission fees as a part of its Regulated Activities. Under its Non-Regulated Activities, Terna mainly produces and sells electricity transformers. The company has also made efforts to expand its operations into Italy's neighboring countries and North Africa.
90GF Score
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