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Italgas SpAMIL:IG +0.69%78 EV-to-OCF is 22.06 as of Aug. 05, 2026, which is 68% above its 10-year median of 13.17. GuruFocus rates MIL:IG with a GF Score™ of 78/100 and a GF Value™ of €8.04 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 507 Utilities - Regulated companies, Italgas SpA ranks worse than 86.19% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Italgas SpA's Enterprise Value is €20,508 Mil.
Italgas SpA's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was €930 Mil. Therefore, Italgas SpA's EV-to-OCF for today is 22.06.
The historical rank and industry rank for Italgas SpA's EV-to-OCF or its related term are showing as below:
MIL:IG'
s EV-to-OCF Range Over the Past 10 Years
Min: 10.47 Med: 13.17 Max: 29.22
Current: 22
During the past 10 years, the highest EV-to-OCF of Italgas SpA was 29.22. The lowest was 10.47. And the median was 13.17.
MIL:IG's EV-to-OCF is ranked worse than 86.19% of 507
companies
in the Utilities - Regulated industry
Industry Median: 10.83
vs MIL:IG: 22.00
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.
Italgas SpA's PE Ratio (TTM) for today is calculated as:
Italgas SpA's share price for today is €9.106.
Italgas 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 €0.767.
* 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.
Italgas SpA EV-to-OCF Related Terms
Italgas SpA EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Italgas 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 - Regulated Gas subindustry, Italgas 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.
Italgas SpA EV-to-OCF vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Italgas SpA's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Italgas SpA's EV-to-OCF falls into.
Italgas SpA's current Enterprise Value is €20,508 Mil.
Italgas 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 €930 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.
Italgas SpA (MIL:IG) has a EV-to-OCF of 22.06 as of Aug. 05, 2026. This is 68% above median its historical median of 13.17. Over the past decade, Italgas SpA's EV-to-OCF has ranged from 10.47 to 29.22. According to the industry distribution chart, Italgas SpA ranks #437 out of 507 companies in the Utilities - Regulated industry, placing it in the top 86.2%.
Is Italgas SpA's EV-to-OCF too high?
Italgas SpA's current EV-to-OCF of 22.06 is 68% above median its 10-year median of 13.17. Over the past 10 years, this metric has ranged from a low of 10.47 to a high of 29.22. The Utilities - Regulated industry median EV-to-OCF is 10.83. Italgas SpA's value of 22.06 is 103.7% above this industry median. Based on the distribution chart, Italgas SpA ranks #437 out of 507 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Italgas SpA has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Italgas SpA's EV-to-OCF compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Italgas SpA ranks #437 out of 507 companies for EV-to-OCF. This places Italgas SpA in the lower half of its industry. The industry median EV-to-OCF is 10.83. Italgas SpA's value of 22.06 is 103.7% above this benchmark. Historically, Italgas SpA's own EV-to-OCF has ranged from 10.47 to 29.22 over the past decade. While the company's 10-year median is 13.17 vs. the industry median of 10.83, Italgas 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 - Regulated company?
The median EV-to-OCF among Utilities - Regulated companies is 10.83, based on 507 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. Italgas SpA's current EV-to-OCF of 22.06 is 103.7% 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 - Regulated industry, the median EV-to-OCF is 10.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Italgas SpA's current EV-to-OCF is 22.06, which is 68% above median its own 10-year median of 13.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Italgas SpA stock overvalued right now?
Based on GuruFocus' analysis, Italgas SpA (MIL:IG) is currently considered Modestly Overvalued. The stock's GF Value™ is €8.04, compared to a current price of €9.11 — trading 13.3% above its estimated fair value. The current EV-to-OCF is 22.06, which is 68% above median its 10-year median of 13.17 and 103.7% above the Utilities - Regulated industry median of 10.83. Italgas SpA's overall GF Score™ is 78/100 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 Italgas SpA (MIL:IG), the current EV-to-OCF is 22.06 as of Aug. 05, 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 Italgas SpA (MIL:IG) Overvalued in 2026?
Based on GuruFocus' analysis, Italgas SpA stock appears to be overvalued.
The current stock price of €9.11 is trading 13.3% above its estimated GF Value™ of €8.04.
GuruFocus considers Italgas SpA to be Modestly Overvalued.
Key valuation signals for MIL:IG:
EV-to-OCF: 22.06 (68% above median its 10-year median of 13.17)
GF Value™: €8.04 vs. price of €9.11 (13.3% above fair value)
Industry Position: 103.7% above the Utilities - Regulated median (#437 of 507)
No single metric tells the full story. See the MIL:IG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Italgas SpA is an Italy-based company engaged in the business of natural gas distribution. The distribution service consists of transporting gas through local pipeline networks, from points of delivery at the reduction and measurement stations interconnected with the transport networks up to the final delivery points to customers. In addition, the company is also engaged in metering activities, which consist of determining, gathering, making available, and archiving metering data on natural gas withdrawn over the distribution networks. It derives a majority of its revenue from natural gas distribution activity. The other activities of the company are the distribution and sale of water and providing technical, engineering, IT assistance, and other services.
78GF Score
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