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Terna SpATERRF 89 EV-to-OCF is 11.04 as of Aug. 30, 2026, which is 28% below its 10-year median of 15.28. GuruFocus rates TERRF with a GF Score™ of 89/100 and a GF Value™ of $11.41 (Fairly Valued). The stock has 3 warning signs investors should review. Among 506 Utilities - Regulated companies, Terna SpA ranks worse than 52.37% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Terna SpA's Enterprise Value is $37,568 Mil.
Terna SpA's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $3,404 Mil. Therefore, Terna SpA's EV-to-OCF for today is 11.04.
The historical rank and industry rank for Terna SpA's EV-to-OCF or its related term are showing as below:
TERRF'
s EV-to-OCF Range Over the Past 10 Years
Min: 8.82 Med: 15.28 Max: 29.84
Current: 11.02
During the past 13 years, the highest EV-to-OCF of Terna SpA was 29.84. The lowest was 8.82. And the median was 15.28.
TERRF's EV-to-OCF is ranked worse than 52.37% of 506
companies
in the Utilities - Regulated industry
Industry Median: 10.325
vs TERRF: 11.02
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.
Terna SpA's share price for today is $10.95.
Terna 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 $0.646.
* 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.
Terna SpA EV-to-OCF Related Terms
Terna SpA EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Terna 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 Electric subindustry, Terna 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.
Terna SpA EV-to-OCF vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Terna SpA's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Terna SpA's EV-to-OCF falls into.
Terna SpA's current Enterprise Value is $37,568 Mil.
Terna 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 $3,404 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 (TERRF) has a EV-to-OCF of 11.04 as of Aug. 30, 2026. This is 28% below median its historical median of 15.28. Over the past decade, Terna SpA's EV-to-OCF has ranged from 8.82 to 29.84. According to the industry distribution chart, Terna SpA ranks #265 out of 506 companies in the Utilities - Regulated industry, placing it in the top 52.4%.
Is Terna SpA's EV-to-OCF too high?
Terna SpA's current EV-to-OCF of 11.04 is 28% below median its 10-year median of 15.28. Over the past 10 years, this metric has ranged from a low of 8.82 to a high of 29.84. The Utilities - Regulated industry median EV-to-OCF is 10.33. Terna SpA's value of 11.04 is 6.9% above this industry median. Based on the distribution chart, Terna SpA ranks #265 out of 506 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Terna SpA has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Terna SpA's EV-to-OCF compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Terna SpA ranks #265 out of 506 companies for EV-to-OCF. This places Terna SpA in the lower half of its industry. The industry median EV-to-OCF is 10.33. Terna SpA's value of 11.04 is 6.9% above this benchmark. Historically, Terna SpA's own EV-to-OCF has ranged from 8.82 to 29.84 over the past decade. While the company's 10-year median is 15.28 vs. the industry median of 10.33, 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-OCF for an Utilities - Regulated company?
The median EV-to-OCF among Utilities - Regulated companies is 10.33, based on 506 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. Terna SpA's current EV-to-OCF of 11.04 is 6.9% 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 10.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Terna SpA's current EV-to-OCF is 11.04, which is 28% below median its own 10-year median of 15.28. 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 (TERRF) is currently considered Fairly Valued. The stock's GF Value™ is $11.41, compared to a current price of $10.95 — trading 4% below its estimated fair value. The current EV-to-OCF is 11.04, which is 28% below median its 10-year median of 15.28 and 6.9% above the Utilities - Regulated industry median of 10.33. Terna SpA's overall GF Score™ is 89/100 with 3 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 Terna SpA (TERRF), the current EV-to-OCF is 11.04 as of Aug. 30, 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 (TERRF) Overvalued in 2026?
Based on GuruFocus' analysis, Terna SpA stock appears to be undervalued.
The current stock price of $10.95 is trading 4% below its estimated GF Value™ of $11.41.
GuruFocus considers Terna SpA to be Fairly Valued.
Key valuation signals for TERRF:
EV-to-OCF: 11.04 (28% below median its 10-year median of 15.28)
GF Value™: $11.41 vs. price of $10.95 (4% below fair value)
Industry Position: 6.9% above the Utilities - Regulated median (#265 of 506)
No single metric tells the full story. See the TERRF 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.
89GF Score
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EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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