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Snam SpAMIL:SRG +1.10%66 Equity-to-Asset is 0.26 as of Sep. 2014, which is 4% below its 10-year median of 0.27. GuruFocus rates MIL:SRG with a GF Score™ of 66/100 and a GF Value™ of €8.49 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 511 Utilities - Regulated companies, Snam SpA ranks worse than 79.45% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Snam SpA's Total Stockholders Equity for the quarter that ended in Sep. 2014 was €6,361 Mil. Snam SpA's Total Assets for the quarter that ended in Sep. 2014 was €24,090 Mil.
Therefore, Snam SpA's Equity to Asset Ratio for the quarter that ended in Sep. 2014 was 0.26.
The historical rank and industry rank for Snam SpA's Equity-to-Asset or its related term are showing as below:
MIL:SRG'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.23 Med: 0.27 Max: 0.36
Current: 0.24
During the past 13 years, the highest Equity to Asset Ratio of Snam SpA was 0.36. The lowest was 0.23. And the median was 0.27.
MIL:SRG's Equity-to-Asset is ranked worse than 79.45% of 511
companies
in the Utilities - Regulated industry
Industry Median: 0.36
vs MIL:SRG: 0.24
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Snam SpA Equity-to-Asset Related Terms
Snam SpA Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Snam SpA's Equity-to-Asset 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:SRG vs ATO, NI, UGI: Equity-to-Asset Comparison
For the Utilities - Regulated Gas subindustry, Snam SpA's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.
Snam SpA Equity-to-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Snam SpA's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Snam SpA's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Snam SpA's Equity to Asset Ratio 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.
Snam SpA (MIL:SRG) has a Equity-to-Asset of 0.26 as of Sep. 2014. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Snam SpA and its competitors. This is near median its historical median of 0.27. Over the past decade, Snam SpA's Equity-to-Asset has ranged from 0.23 to 0.36. According to the industry distribution chart, Snam SpA ranks #406 out of 511 companies in the Utilities - Regulated industry, placing it in the top 79.5%.
Is Snam SpA's Equity-to-Asset too high?
Snam SpA's current Equity-to-Asset of 0.26 is near median its 10-year median of 0.27. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 0.36. The Utilities - Regulated industry median Equity-to-Asset is 0.36. Snam SpA's value of 0.26 is 27.8% below this industry median. Based on the distribution chart, Snam SpA ranks #406 out of 511 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Snam SpA has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Snam SpA's Equity-to-Asset compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Snam SpA ranks #406 out of 511 companies for Equity-to-Asset. This places Snam SpA in the lower half of its industry. The industry median Equity-to-Asset is 0.36. Snam SpA's value of 0.26 is 27.8% below this benchmark. Historically, Snam SpA's own Equity-to-Asset has ranged from 0.23 to 0.36 over the past decade. While the company's 10-year median is 0.27 vs. the industry median of 0.36, Snam SpA has consistently been below 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 Equity-to-Asset for an Utilities - Regulated company?
The median Equity-to-Asset among Utilities - Regulated companies is 0.36, based on 511 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Snam SpA's current Equity-to-Asset of 0.26 is 27.8% below 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Snam SpA and its competitors. For the Utilities - Regulated industry, the median Equity-to-Asset is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Snam SpA's current Equity-to-Asset is 0.26, which is near median its own 10-year median of 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Snam SpA stock overvalued right now?
Based on GuruFocus' analysis, Snam SpA (MIL:SRG) is currently considered Possible Value Trap. The stock's GF Value™ is €8.49, compared to a current price of €5.50 — trading 35.2% below its estimated fair value. The current Equity-to-Asset is 0.26, which is near median its 10-year median of 0.27 and 27.8% below the Utilities - Regulated industry median of 0.36. Snam SpA's overall GF Score™ is 66/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Snam SpA (MIL:SRG), the current Equity-to-Asset is 0.26 as of Sep. 2014. 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 Snam SpA (MIL:SRG) Overvalued in 2026?
Based on GuruFocus' analysis, Snam SpA stock appears to be undervalued.
The current stock price of €5.50 is trading 35.2% below its estimated GF Value™ of €8.49.
GuruFocus considers Snam SpA to be Possible Value Trap.
Key valuation signals for MIL:SRG:
Equity-to-Asset: 0.26 (near median its 10-year median of 0.27)
GF Value™: €8.49 vs. price of €5.50 (35.2% below fair value)
Industry Position: 27.8% below the Utilities - Regulated median (#406 of 511)
No single metric tells the full story. See the MIL:SRG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Snam operates a network of about 38,000 kilometers of natural gas pipelines in Italy and abroad. It also holds 17% of European gas storage capacity and 18.1 billion cubic meters of LNG regasification capacity. Snam is investing in hydrogen, biofuels, carbon capture and storage, and energy efficiencies to prepare for the energy transition. Snam became independent from Eni in 2012 after the latter sold its stake to Cassa Depositi e Prestiti, a financial institution controlled by the Ministry of Economy and Finance.
66GF Score
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