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Terna SpAMIL:TRN -1.00%85 Equity-to-Asset is 0.20 as of Jun. 2026, which is 23% below its 10-year median of 0.26. GuruFocus rates MIL:TRN with a GF Score™ of 85/100 and a GF Value™ of €10.24 (Fairly Valued). The stock has 2 warning signs investors should review. Among 511 Utilities - Regulated companies, Terna SpA ranks worse than 70.06% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Terna SpA's Total Stockholders Equity for the quarter that ended in Jun. 2026 was €5,948 Mil. Terna SpA's Total Assets for the quarter that ended in Jun. 2026 was €30,561 Mil.
Therefore, Terna SpA's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.20.
The historical rank and industry rank for Terna SpA's Equity-to-Asset or its related term are showing as below:
MIL:TRN'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.21 Med: 0.26 Max: 0.36
Current: 0.28
During the past 13 years, the highest Equity to Asset Ratio of Terna SpA was 0.36. The lowest was 0.21. And the median was 0.26.
MIL:TRN's Equity-to-Asset is ranked worse than 70.06% of 511
companies
in the Utilities - Regulated industry
Industry Median: 0.36
vs MIL:TRN: 0.28
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%.
Terna SpA Equity-to-Asset Related Terms
Terna SpA Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Terna 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:TRN vs NEE, SO, DUK: Equity-to-Asset Comparison
For the Utilities - Regulated Electric subindustry, Terna 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.
Terna SpA Equity-to-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Terna SpA's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Terna 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.
Terna 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.
Terna SpA (MIL:TRN) has a Equity-to-Asset of 0.20 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Terna SpA and its competitors. This is 23% below median its historical median of 0.26. Over the past decade, Terna SpA's Equity-to-Asset has ranged from 0.21 to 0.36. According to the industry distribution chart, Terna SpA ranks #358 out of 511 companies in the Utilities - Regulated industry, placing it in the top 70.1%.
Is Terna SpA's Equity-to-Asset too high?
Terna SpA's current Equity-to-Asset of 0.20 is 23% below median its 10-year median of 0.26. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 0.36. The Utilities - Regulated industry median Equity-to-Asset is 0.36. Terna SpA's value of 0.20 is 44.4% below this industry median. Based on the distribution chart, Terna SpA ranks #358 out of 511 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Terna SpA has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Terna SpA's Equity-to-Asset compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Terna SpA ranks #358 out of 511 companies for Equity-to-Asset. This places Terna SpA in the lower half of its industry. The industry median Equity-to-Asset is 0.36. Terna SpA's value of 0.20 is 44.4% below this benchmark. Historically, Terna SpA's own Equity-to-Asset has ranged from 0.21 to 0.36 over the past decade. While the company's 10-year median is 0.26 vs. the industry median of 0.36, Terna 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. Terna SpA's current Equity-to-Asset of 0.20 is 44.4% 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 Terna 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. Terna SpA's current Equity-to-Asset is 0.20, which is 23% below median its own 10-year median of 0.26. 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 (MIL:TRN) is currently considered Fairly Valued. The stock's GF Value™ is €10.24, compared to a current price of €9.33 — trading 8.9% below its estimated fair value. The current Equity-to-Asset is 0.20, which is 23% below median its 10-year median of 0.26 and 44.4% below the Utilities - Regulated industry median of 0.36. Terna SpA's overall GF Score™ is 85/100 with 2 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 Terna SpA (MIL:TRN), the current Equity-to-Asset is 0.20 as of Jun. 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 (MIL:TRN) Overvalued in 2026?
Based on GuruFocus' analysis, Terna SpA stock appears to be undervalued.
The current stock price of €9.33 is trading 8.9% below its estimated GF Value™ of €10.24.
GuruFocus considers Terna SpA to be Fairly Valued.
Key valuation signals for MIL:TRN:
Equity-to-Asset: 0.20 (23% below median its 10-year median of 0.26)
GF Value™: €10.24 vs. price of €9.33 (8.9% below fair value)
Industry Position: 44.4% below the Utilities - Regulated median (#358 of 511)
No single metric tells the full story. See the MIL:TRN 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.
85GF Score
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