Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Italgas SpA's Enterprise Value is €21,201 Mil.
Italgas SpA's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €1,271 Mil. Therefore, Italgas SpA's EV-to-EBIT ratio for today is 16.68.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Italgas SpA's Enterprise Value is €21,201 Mil.
Italgas SpA's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €2,059 Mil. Therefore, Italgas SpA's EV-to-EBITDA ratio for today is 10.29.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Italgas SpA's Enterprise Value is €21,201 Mil.
Italgas SpA's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was €3,977 Mil. Therefore, Italgas SpA's EV-to-Revenue ratio for today is 5.33.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Italgas SpA's Enterprise Value is €21,201 Mil.
Italgas SpA's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €660 Mil. Therefore, Italgas SpA's EV-to-FCF ratio for today is 32.10.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Italgas SpA (MIL:IG) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Italgas SpA's current Enterprise Value is €21,201 Mil.
Italgas SpA's EBIT 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 €1,271 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Italgas SpA's current Enterprise Value is €21,201 Mil.
Italgas 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 €2,059 Mil.
Italgas SpA's current Enterprise Value is €21,201 Mil.
Italgas SpA's Revenue 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 €3,977 Mil.
Italgas SpA's current Enterprise Value is €21,201 Mil.
Italgas SpA's Cash Flow from Operations 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 €970 Mil.
Italgas SpA's current Enterprise Value is €21,201 Mil.
Italgas SpA's Free Cash Flow 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 €660 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 Enterprise Value Related Terms
Italgas SpA Enterprise Value Historical Data
* Premium members only.
The historical data trend for Italgas SpA's Enterprise Value 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.
MIL:IG vs ATO, NI, UGI: Enterprise Value Comparison
For the Utilities - Regulated Gas subindustry, Italgas SpA's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Italgas SpA's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Italgas SpA's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Italgas SpA's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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 Enterprise Value of €21,201 Mil as of Jun. 26, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Italgas SpA and its competitors.
Is Italgas SpA's Enterprise Value too high?
Italgas SpA's current Enterprise Value is €21,201 Mil. Overall, Italgas SpA has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Italgas SpA's Enterprise Value compare to ATO and NI?
Italgas SpA's Enterprise Value of €21,201 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for an Utilities - Regulated company?
A good Enterprise Value depends on the Utilities - Regulated industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Italgas SpA and its competitors. Italgas SpA's current Enterprise Value is €21,201 Mil. 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 €8.19, compared to a current price of €10.47 — trading 27.8% above its estimated fair value. The current Enterprise Value is €21,201 Mil. Italgas SpA's overall GF Score™ is 76/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Italgas SpA (MIL:IG), the current Enterprise Value is €21,201 Mil as of Jun. 26, 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 €10.47 is trading 27.8% above its estimated GF Value™ of €8.19.
GuruFocus considers Italgas SpA to be Modestly Overvalued.
Key valuation signals for MIL:IG:
Enterprise Value: €21,201 Mil
GF Value™: €8.19 vs. price of €10.47 (27.8% above fair value)
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.
76GF Score
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