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, Reply SpA's Enterprise Value is €2,688 Mil.
Reply SpA's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €380 Mil. Therefore, Reply SpA's EV-to-EBIT ratio for today is 7.07.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Reply SpA's Enterprise Value is €2,688 Mil.
Reply SpA's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €470 Mil. Therefore, Reply SpA's EV-to-EBITDA ratio for today is 5.72.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Reply SpA's Enterprise Value is €2,688 Mil.
Reply SpA's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was €2,480 Mil. Therefore, Reply SpA's EV-to-Revenue ratio for today is 1.08.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Reply SpA's Enterprise Value is €2,688 Mil.
Reply SpA's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €0 Mil. Therefore, Reply SpA's EV-to-FCF ratio for today is .
*** 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.
Reply SpA (MIL:REY) 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.
Reply SpA's current Enterprise Value is €2,688 Mil.
Reply 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 €380 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Reply SpA's current Enterprise Value is €2,688 Mil.
Reply 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 €470 Mil.
Reply SpA's current Enterprise Value is €2,688 Mil.
Reply 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 €2,480 Mil.
Reply SpA's current Enterprise Value is €2,688 Mil.
Reply 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 €0 Mil.
Reply SpA's current Enterprise Value is €2,688 Mil.
Reply 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 €0 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.
Reply SpA Enterprise Value Related Terms
Reply SpA Enterprise Value Historical Data
* Premium members only.
The historical data trend for Reply 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:REY vs IBM, ACN, FISV: Enterprise Value Comparison
For the Information Technology Services subindustry, Reply 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.
Reply SpA Enterprise Value vs Software Industry
For the Software industry and Technology sector, Reply SpA's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Reply 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.
Reply 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.
Reply SpA (MIL:REY) has a Enterprise Value of €2,688 Mil as of Jun. 29, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Reply SpA and its competitors.
Is Reply SpA's Enterprise Value too high?
Reply SpA's current Enterprise Value is €2,688 Mil. Overall, Reply SpA has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Reply SpA's Enterprise Value compare to IBM and ACN?
Reply SpA's Enterprise Value of €2,688 Mil can be compared against companies in the Software 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 a Software company?
A good Enterprise Value depends on the Software 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 Reply SpA and its competitors. Reply SpA's current Enterprise Value is €2,688 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reply SpA stock overvalued right now?
Based on GuruFocus' analysis, Reply SpA (MIL:REY) is currently considered Significantly Undervalued. The stock's GF Value™ is €146.12, compared to a current price of €90.00 — trading 38.4% below its estimated fair value. The current Enterprise Value is €2,688 Mil. Reply SpA's overall GF Score™ is 78/100 with 3 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 Reply SpA (MIL:REY), the current Enterprise Value is €2,688 Mil as of Jun. 29, 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 Reply SpA (MIL:REY) Overvalued in 2026?
Based on GuruFocus' analysis, Reply SpA stock appears to be undervalued.
The current stock price of €90.00 is trading 38.4% below its estimated GF Value™ of €146.12.
GuruFocus considers Reply SpA to be Significantly Undervalued.
Key valuation signals for MIL:REY:
Enterprise Value: €2,688 Mil
GF Value™: €146.12 vs. price of €90.00 (38.4% below fair value)
No single metric tells the full story. See the MIL:REY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Reply SpA specialises in consulting, digital services, and the integration of processes, applications, and devices. Reply serves clients in the telecommunication and media, banking, insurance, financial, industry and services, energy and utilities, and public administration industries. The company provides its services mainly through platforms such as X-Rais Reply, Discovery Reply, Brick Reply, TamTamy, and SideUp Reply. Reply researches, selects, and markets solutions through channels such as data analysis, digital communication, e-commerce, mobile, and social media. Its business segments are defined based on geographical areas of operation and include Region 1 (including Italy, USA, Brazil, Poland, Romania, and Nanjing), which derives key revenue, Region 2, Region 3, and IoT Incubator.
78GF Score
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