Eni SpAE -1.52%59 EV-to-FCF is 31.28 as of Jun. 26, 2026, which is 127% above its 10-year median of 13.75. GuruFocus rates E with a GF Score™ of 59/100 and a GF Value™ of $34.46 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 576 Oil & Gas companies, Eni SpA ranks worse than 77.08% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Eni SpA's Enterprise Value is $92,424 Mil.
Eni SpA's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $2,955 Mil. Therefore, Eni SpA's EV-to-FCF for today is 31.28.
The historical rank and industry rank for Eni SpA's EV-to-FCF or its related term are showing as below:
E'
s EV-to-FCF Range Over the Past 10 Years
Min: -5142.26 Med: 13.75 Max: 305.21
Current: 31.28
During the past 13 years, the highest EV-to-FCF of Eni SpA was 305.21. The lowest was -5142.26. And the median was 13.75.
E's EV-to-FCF is ranked worse than 77.08% of 576
companies
in the Oil & Gas industry
Industry Median: 15.705
vs E: 31.28
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Eni SpA's share price for today is $46.08.
Eni SpA's Earnings per Share (Diluted) 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 $1.741.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Eni SpA EV-to-FCF Related Terms
Eni SpA EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Eni SpA's EV-to-FCF 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.
For the Oil & Gas Integrated subindustry, Eni SpA's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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.
Eni SpA EV-to-FCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Eni SpA's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Eni SpA's EV-to-FCF falls into.
Eni SpA's current Enterprise Value is $92,424 Mil.
Eni 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 $2,955 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.
Eni SpA (E) has a EV-to-FCF of 31.28 as of Jun. 26, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Eni SpA and its competitors. This is 127% above median its historical median of 13.75. According to the industry distribution chart, Eni SpA ranks #444 out of 576 companies in the Oil & Gas industry, placing it in the top 77.1%.
Is Eni SpA's EV-to-FCF too high?
Eni SpA's current EV-to-FCF of 31.28 is 127% above median its 10-year median of 13.75. The Oil & Gas industry median EV-to-FCF is 15.71. Eni SpA's value of 31.28 is 99.2% above this industry median. Based on the distribution chart, Eni SpA ranks #444 out of 576 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Eni SpA has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Eni SpA's EV-to-FCF compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Eni SpA ranks #444 out of 576 companies for EV-to-FCF. This places Eni SpA in the lower half of its industry. The industry median EV-to-FCF is 15.71. Eni SpA's value of 31.28 is 99.2% above this benchmark. While the company's 10-year median is 13.75 vs. the industry median of 15.71, Eni SpA has consistently been above 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 EV-to-FCF for an Oil & Gas company?
The median EV-to-FCF among Oil & Gas companies is 15.71, based on 576 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Eni SpA's current EV-to-FCF of 31.28 is 99.2% above 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Eni SpA and its competitors. For the Oil & Gas industry, the median EV-to-FCF is 15.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eni SpA's current EV-to-FCF is 31.28, which is 127% above median its own 10-year median of 13.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eni SpA stock overvalued right now?
Based on GuruFocus' analysis, Eni SpA (E) is currently considered Significantly Overvalued. The stock's GF Value™ is $34.46, compared to a current price of $46.08 — trading 33.7% above its estimated fair value. The current EV-to-FCF is 31.28, which is 127% above median its 10-year median of 13.75 and 99.2% above the Oil & Gas industry median of 15.71. Eni SpA's overall GF Score™ is 59/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Eni SpA (E), the current EV-to-FCF is 31.28 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 Eni SpA (E) Overvalued in 2026?
Based on GuruFocus' analysis, Eni SpA stock appears to be overvalued.
The current stock price of $46.08 is trading 33.7% above its estimated GF Value™ of $34.46.
GuruFocus considers Eni SpA to be Significantly Overvalued.
Key valuation signals for E:
EV-to-FCF: 31.28 (127% above median its 10-year median of 13.75)
GF Value™: $34.46 vs. price of $46.08 (33.7% above fair value)
Industry Position: 99.2% above the Oil & Gas median (#444 of 576)
No single metric tells the full story. See the E stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eni is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2025, the company produced 0.8 million barrels of liquids and 4.6 billion cubic feet of natural gas per day. At year-end 2025, Eni held reserves of 6.9 billion barrels of oil equivalent, 44% of which are liquids. The Italian government owns a 33.1% stake in the company. Plentitude, Eni's renewable and low-carbon business, has 5.8 gigawatts of renewable power capacity, serves 10 million electricity customers, and operates 23,000 electric vehicle charging points.
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