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Snam SpAHAM:SNM -1.98%71 EV-to-FCF is 44.08 as of Aug. 02, 2026, which is 119% above its 10-year median of 20.15. GuruFocus rates HAM:SNM with a GF Score™ of 71/100 and a GF Value™ of €4.97. The stock has 5 warning signs investors should review. Among 300 Utilities - Regulated companies, Snam SpA ranks worse than 76% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Snam SpA's Enterprise Value is €37,295 Mil.
Snam SpA's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €846 Mil. Therefore, Snam SpA's EV-to-FCF for today is 44.08.
The historical rank and industry rank for Snam SpA's EV-to-FCF or its related term are showing as below:
HAM:SNM'
s EV-to-FCF Range Over the Past 10 Years
Min: -2432.69 Med: 20.15 Max: 5617.4
Current: 44.08
During the past 13 years, the highest EV-to-FCF of Snam SpA was 5617.40. The lowest was -2432.69. And the median was 20.15.
HAM:SNM's EV-to-FCF is ranked worse than 76% of 300
companies
in the Utilities - Regulated industry
Industry Median: 18.875
vs HAM:SNM: 44.08
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.
Snam SpA's share price for today is €5.854.
Snam 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 €0.357.
* 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.
Snam SpA EV-to-FCF Related Terms
Snam SpA EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Snam 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 Utilities - Regulated Gas subindustry, Snam 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.
Snam SpA EV-to-FCF vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Snam SpA's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Snam SpA's EV-to-FCF falls into.
Snam SpA's current Enterprise Value is €37,295 Mil.
Snam 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 €846 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.
Snam SpA (HAM:SNM) has a EV-to-FCF of 44.08 as of Aug. 02, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Snam SpA and its competitors. This is 119% above median its historical median of 20.15. According to the industry distribution chart, Snam SpA ranks #228 out of 300 companies in the Utilities - Regulated industry, placing it in the top 76%.
Is Snam SpA's EV-to-FCF too high?
Snam SpA's current EV-to-FCF of 44.08 is 119% above median its 10-year median of 20.15. The Utilities - Regulated industry median EV-to-FCF is 18.88. Snam SpA's value of 44.08 is 133.5% above this industry median. Based on the distribution chart, Snam SpA ranks #228 out of 300 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Snam SpA has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Snam SpA's EV-to-FCF compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Snam SpA ranks #228 out of 300 companies for EV-to-FCF. This places Snam SpA in the lower half of its industry. The industry median EV-to-FCF is 18.88. Snam SpA's value of 44.08 is 133.5% above this benchmark. While the company's 10-year median is 20.15 vs. the industry median of 18.88, Snam 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 Utilities - Regulated company?
The median EV-to-FCF among Utilities - Regulated companies is 18.88, based on 300 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. Snam SpA's current EV-to-FCF of 44.08 is 133.5% 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 Snam SpA and its competitors. For the Utilities - Regulated industry, the median EV-to-FCF is 18.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Snam SpA's current EV-to-FCF is 44.08, which is 119% above median its own 10-year median of 20.15. 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?
Snam SpA (HAM:SNM) has a current EV-to-FCF of 44.08. The stock's GF Value™ is €4.97, compared to a current price of €5.85 — trading 17.8% above its estimated fair value. The current EV-to-FCF is 44.08, which is 119% above median its 10-year median of 20.15 and 133.5% above the Utilities - Regulated industry median of 18.88. Snam SpA's overall GF Score™ is 71/100 with 5 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 Snam SpA (HAM:SNM), the current EV-to-FCF is 44.08 as of Aug. 02, 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 Snam SpA (HAM:SNM) Overvalued in 2026?
Based on GuruFocus' analysis, Snam SpA stock appears to be overvalued.
The current stock price of €5.85 is trading 17.8% above its estimated GF Value™ of €4.97.
Key valuation signals for HAM:SNM:
EV-to-FCF: 44.08 (119% above median its 10-year median of 20.15)
GF Value™: €4.97 vs. price of €5.85 (17.8% above fair value)
Industry Position: 133.5% above the Utilities - Regulated median (#228 of 300)
No single metric tells the full story. See the HAM:SNM 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.
71GF Score
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