ERG SpAMIL:ERG +0.43%78 EV-to-FCF is 11.35 as of Jun. 27, 2026, which is 11% below its 10-year median of 12.78. GuruFocus rates MIL:ERG with a GF Score™ of 78/100 and a GF Value™ of €24.38 (Fairly Valued). The stock has 7 warning signs investors should review. Among 232 Utilities - Independent Power Producers companies, ERG SpA ranks better than 67.24% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, ERG SpA's Enterprise Value is €3,293.5 Mil.
ERG SpA's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €290.3 Mil. Therefore, ERG SpA's EV-to-FCF for today is 11.35.
The historical rank and industry rank for ERG SpA's EV-to-FCF or its related term are showing as below:
MIL:ERG'
s EV-to-FCF Range Over the Past 10 Years
Min: 2.82 Med: 12.78 Max: 28.43
Current: 11.35
During the past 13 years, the highest EV-to-FCF of ERG SpA was 28.43. The lowest was 2.82. And the median was 12.78.
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.
ERG SpA's share price for today is €23.58.
ERG 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 €0.493.
* 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.
ERG SpA EV-to-FCF Related Terms
ERG SpA EV-to-FCF Historical Data
* Premium members only.
The historical data trend for ERG 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 - Renewable subindustry, ERG 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.
ERG SpA EV-to-FCF vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, ERG SpA's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where ERG SpA's EV-to-FCF falls into.
ERG SpA's current Enterprise Value is €3,293.5 Mil.
ERG 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 €290.3 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.
ERG SpA (MIL:ERG) has a EV-to-FCF of 11.35 as of Jun. 27, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on ERG SpA and its competitors. This is 11% below median its historical median of 12.78. Over the past decade, ERG SpA's EV-to-FCF has ranged from 2.82 to 28.43. According to the industry distribution chart, ERG SpA ranks #76 out of 232 companies in the Utilities - Independent Power Producers industry, placing it in the top 32.8%.
Is ERG SpA's EV-to-FCF too high?
ERG SpA's current EV-to-FCF of 11.35 is 11% below median its 10-year median of 12.78. Over the past 10 years, this metric has ranged from a low of 2.82 to a high of 28.43. The Utilities - Independent Power Producers industry median EV-to-FCF is 16.19. ERG SpA's value of 11.35 is 29.9% below this industry median. Based on the distribution chart, ERG SpA ranks #76 out of 232 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, ERG SpA has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ERG SpA's EV-to-FCF compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, ERG SpA ranks #76 out of 232 companies for EV-to-FCF. This puts ERG SpA in the upper half of its industry. The industry median EV-to-FCF is 16.19. ERG SpA's value of 11.35 is 29.9% below this benchmark. Historically, ERG SpA's own EV-to-FCF has ranged from 2.82 to 28.43 over the past decade. While the company's 10-year median is 12.78 vs. the industry median of 16.19, ERG 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 EV-to-FCF for an Utilities - Independent Power Producers company?
The median EV-to-FCF among Utilities - Independent Power Producers companies is 16.19, based on 232 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. ERG SpA's current EV-to-FCF of 11.35 is 29.9% 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 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 ERG SpA and its competitors. For the Utilities - Independent Power Producers industry, the median EV-to-FCF is 16.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ERG SpA's current EV-to-FCF is 11.35, which is 11% below median its own 10-year median of 12.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ERG SpA stock overvalued right now?
Based on GuruFocus' analysis, ERG SpA (MIL:ERG) is currently considered Fairly Valued. The stock's GF Value™ is €24.38, compared to a current price of €23.58 — trading 3.3% below its estimated fair value. The current EV-to-FCF is 11.35, which is 11% below median its 10-year median of 12.78 and 29.9% below the Utilities - Independent Power Producers industry median of 16.19. ERG SpA's overall GF Score™ is 78/100 with 7 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 ERG SpA (MIL:ERG), the current EV-to-FCF is 11.35 as of Jun. 27, 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 ERG SpA (MIL:ERG) Overvalued in 2026?
Based on GuruFocus' analysis, ERG SpA stock appears to be undervalued.
The current stock price of €23.58 is trading 3.3% below its estimated GF Value™ of €24.38.
GuruFocus considers ERG SpA to be Fairly Valued.
Key valuation signals for MIL:ERG:
EV-to-FCF: 11.35 (11% below median its 10-year median of 12.78)
GF Value™: €24.38 vs. price of €23.58 (3.3% below fair value)
Industry Position: 29.9% below the Utilities - Independent Power Producers median (#76 of 232)
No single metric tells the full story. See the MIL:ERG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ERG SpA produces electricity from clean, renewable, and sustainable sources. Its energy comes from the combination of natural resources such as wind and sun. The company produces wind power, and electricity as a hydroelectric operator to markets across Europe. Electricity is also generated from natural gas operations located in Italy. ERG's wind power production is handled by subsidiary ENG Renew which focuses on developing, building, and operating wind assets. Hydropower and natural gas operations are split off into ERG Power Generation. The company's hydro assets include plants, dams, reservoirs, and a pumping station. Electricity from the plant is either fed into Italy's national grid or used to power other industrial plants.
78GF Score
Get the complete analysis for MIL:ERG
EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MIL:ERG has been successfully added to your 
