Telecom Italia SpA (WBO:TIT2) Enterprise Value: €29,635 Mil (As of Jun. 25, 2026) ***


WBO:TIT2 Telecom Italia SpA WBO:TIT2
49 GF Score
Price €7.89
GF Value €2.33
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Telecom Italia SpA Enterprise Value?

Telecom Italia SpA WBO:TIT2 49 Enterprise Value is €29,635 Mil as of Jun. 25, 2026. GuruFocus rates WBO:TIT2 with a GF Score™ of 49/100 and a GF Value™ of €2.33 (Significantly Overvalued). The stock has 9 warning signs investors should review.

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, Telecom Italia SpA's Enterprise Value is €29,635 Mil. Telecom Italia SpA's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €1,478 Mil. Therefore, Telecom Italia SpA's EV-to-EBIT ratio for today is 20.05.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Telecom Italia SpA's Enterprise Value is €29,635 Mil. Telecom Italia SpA's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €4,406 Mil. Therefore, Telecom Italia SpA's EV-to-EBITDA ratio for today is 6.73.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Telecom Italia SpA's Enterprise Value is €29,635 Mil. Telecom Italia SpA's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was €13,779 Mil. Therefore, Telecom Italia SpA's EV-to-Revenue ratio for today is 2.15.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, Telecom Italia SpA's Enterprise Value is €29,635 Mil. Telecom Italia SpA's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was €2,411 Mil. Therefore, Telecom Italia SpA's EV-to-OCF ratio for today is 12.29.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Telecom Italia SpA's Enterprise Value is €29,635 Mil. Telecom Italia SpA's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €-418 Mil. Therefore, Telecom Italia SpA's EV-to-FCF ratio for today is -70.90.

*** 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.


Telecom Italia SpA  (WBO:TIT2) 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.

Telecom Italia SpA's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=29634.846/1478
=20.05

Telecom Italia SpA's current Enterprise Value is €29,635 Mil.
Telecom Italia 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 €1,478 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Telecom Italia SpA's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=29634.846/4406
=6.73

Telecom Italia SpA's current Enterprise Value is €29,635 Mil.
Telecom Italia 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 €4,406 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Telecom Italia SpA's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=29634.846/13779
=2.15

Telecom Italia SpA's current Enterprise Value is €29,635 Mil.
Telecom Italia 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 €13,779 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

Telecom Italia SpA's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=29634.846/2411
=12.29

Telecom Italia SpA's current Enterprise Value is €29,635 Mil.
Telecom Italia 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 €2,411 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

Telecom Italia SpA's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=29634.846/-418
=-70.90

Telecom Italia SpA's current Enterprise Value is €29,635 Mil.
Telecom Italia 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 €-418 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.


Telecom Italia SpA Enterprise Value Related Terms


Telecom Italia SpA Enterprise Value Historical Data

* Premium members only.

The historical data trend for Telecom Italia 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.

Telecom Italia SpA Enterprise Value Chart

Telecom Italia SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 60,428.87 46,535.61 53,252.05 30,112.87 49,677.18

Telecom Italia SpA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Enterprise Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 35,828.59 43,330.16 45,365.80 49,677.18 58,016.48

WBO:TIT2 vs TMUS, VZ, T: Enterprise Value Comparison

For the Telecom Services subindustry, Telecom Italia 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.


Telecom Italia SpA Enterprise Value vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Telecom Italia SpA's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Telecom Italia SpA's Enterprise Value falls into.


WBO:TIT2
49GF Score
Telecom Italia SpA WBO:TIT2
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Telecom Italia SpA Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Telecom Italia SpA's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

Telecom Italia SpA's Enterprise Value for the quarter that ended in Mar. 2026 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.

Frequently Asked Questions Learn more about Enterprise Value →
What does a Enterprise Value of €29,635 Mil mean?
Telecom Italia SpA (WBO:TIT2) has a Enterprise Value of €29,635 Mil as of Jun. 25, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Telecom Italia SpA and its competitors.
Is Telecom Italia SpA's Enterprise Value too high?
Telecom Italia SpA's current Enterprise Value is €29,635 Mil. Overall, Telecom Italia SpA has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Telecom Italia SpA's Enterprise Value compare to TMUS and VZ?
Telecom Italia SpA's Enterprise Value of €29,635 Mil can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good Enterprise Value depends on the Telecommunication Services 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 Telecom Italia SpA and its competitors. Telecom Italia SpA's current Enterprise Value is €29,635 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telecom Italia SpA stock overvalued right now?
Based on GuruFocus' analysis, Telecom Italia SpA (WBO:TIT2) is currently considered Significantly Overvalued. The stock's GF Value™ is €2.33, compared to a current price of €7.89 — trading 238.5% above its estimated fair value. The current Enterprise Value is €29,635 Mil. Telecom Italia SpA's overall GF Score™ is 49/100 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 Telecom Italia SpA (WBO:TIT2), the current Enterprise Value is €29,635 Mil as of Jun. 25, 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 Telecom Italia SpA (WBO:TIT2) Overvalued in 2026?

Based on GuruFocus' analysis, Telecom Italia SpA stock appears to be overvalued. The current stock price of €7.89 is trading 238.5% above its estimated GF Value™ of €2.33. GuruFocus considers Telecom Italia SpA to be Significantly Overvalued.

Key valuation signals for WBO:TIT2:

  • Enterprise Value: €29,635 Mil
  • GF Value™: €2.33 vs. price of €7.89 (238.5% above fair value)
  • GF Score™: 49/100 with 9 warning signs

No single metric tells the full story. See the WBO:TIT2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Telecom Italia SpA Business Description

Address Via di Val Cannuta, No. 182, Roma, ITA, 00166
Telecom Italia is the incumbent telecommunications operator in Italy, with 23% share in the Italian mobile market and 35% share in broadband. In the mobile market, it competes with Vodafone, WindTre, and Iliad. After the sale of its fixed network to KKR for EUR 18.8 billion in 2024, TIM has become a pure service provider with no network ownership. TIM Brazil is significantly smaller than its peers, Telefonica and America Movil, with 25% wireless market share.
49GF Score

Get the complete analysis for WBO:TIT2

Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€7.89
Price
€2.33
GF Value