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ERG SpAMIL:ERG +0.37%75 EV-to-OCF is 10.83 as of Aug. 09, 2026, which is 16% above its 10-year median of 9.30. GuruFocus rates MIL:ERG with a GF Score™ of 75/100 and a GF Value™ of €23.76 (Fairly Valued). The stock has 5 warning signs investors should review. Among 448 Utilities - Independent Power Producers companies, ERG SpA ranks worse than 53.35% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, ERG SpA's Enterprise Value is €5,430.3 Mil.
ERG SpA's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was €501.4 Mil. Therefore, ERG SpA's EV-to-OCF for today is 10.83.
The historical rank and industry rank for ERG SpA's EV-to-OCF or its related term are showing as below:
MIL:ERG'
s EV-to-OCF Range Over the Past 10 Years
Min: 2.24 Med: 9.3 Max: 20.66
Current: 10.83
During the past 13 years, the highest EV-to-OCF of ERG SpA was 20.66. The lowest was 2.24. And the median was 9.30.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
ERG SpA's share price for today is €21.82.
ERG SpA's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.317.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
ERG SpA EV-to-OCF Related Terms
ERG SpA EV-to-OCF Historical Data
* Premium members only.
The historical data trend for ERG SpA's EV-to-OCF 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 - Renewable subindustry, ERG SpA's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, ERG SpA's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where ERG SpA's EV-to-OCF falls into.
ERG SpA's current Enterprise Value is €5,430.3 Mil.
ERG SpA's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €501.4 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.
ERG SpA (MIL:ERG) has a EV-to-OCF of 10.83 as of Aug. 09, 2026. This is 16% above median its historical median of 9.30. Over the past decade, ERG SpA's EV-to-OCF has ranged from 2.24 to 20.66. According to the industry distribution chart, ERG SpA ranks #239 out of 448 companies in the Utilities - Independent Power Producers industry, placing it in the top 53.3%.
Is ERG SpA's EV-to-OCF too high?
ERG SpA's current EV-to-OCF of 10.83 is 16% above median its 10-year median of 9.30. Over the past 10 years, this metric has ranged from a low of 2.24 to a high of 20.66. The Utilities - Independent Power Producers industry median EV-to-OCF is 9.69. ERG SpA's value of 10.83 is 11.8% above this industry median. Based on the distribution chart, ERG SpA ranks #239 out of 448 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, ERG SpA has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ERG SpA's EV-to-OCF compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, ERG SpA ranks #239 out of 448 companies for EV-to-OCF. This places ERG SpA in the lower half of its industry. The industry median EV-to-OCF is 9.69. ERG SpA's value of 10.83 is 11.8% above this benchmark. Historically, ERG SpA's own EV-to-OCF has ranged from 2.24 to 20.66 over the past decade. While the company's 10-year median is 9.30 vs. the industry median of 9.69, ERG 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-OCF for an Utilities - Independent Power Producers company?
The median EV-to-OCF among Utilities - Independent Power Producers companies is 9.69, based on 448 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ERG SpA's current EV-to-OCF of 10.83 is 11.8% 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Utilities - Independent Power Producers industry, the median EV-to-OCF is 9.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ERG SpA's current EV-to-OCF is 10.83, which is 16% above median its own 10-year median of 9.30. 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 €23.76, compared to a current price of €21.82 — trading 8.2% below its estimated fair value. The current EV-to-OCF is 10.83, which is 16% above median its 10-year median of 9.30 and 11.8% above the Utilities - Independent Power Producers industry median of 9.69. ERG SpA's overall GF Score™ is 75/100 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-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For ERG SpA (MIL:ERG), the current EV-to-OCF is 10.83 as of Aug. 09, 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 €21.82 is trading 8.2% below its estimated GF Value™ of €23.76.
GuruFocus considers ERG SpA to be Fairly Valued.
Key valuation signals for MIL:ERG:
EV-to-OCF: 10.83 (16% above median its 10-year median of 9.30)
GF Value™: €23.76 vs. price of €21.82 (8.2% below fair value)
Industry Position: 11.8% above the Utilities - Independent Power Producers median (#239 of 448)
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.
75GF Score
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