FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Terna SpA's Free Cash Flow for the
three
months ended in Mar. 2026 was €-1 Mil. Terna SpA's Revenue for the
three
months ended in Mar. 2026 was €989 Mil. Therefore, Terna SpA's FCF Margin % for the quarter that ended in Mar. 2026 was -0.11%.
The historical rank and industry rank for Terna SpA's FCF Margin % or its related term are showing as below:
MIL:TRN'
s FCF Margin % Range Over the Past 10 Years
Min: -37.49 Med: -4.96 Max: 37.25
Current: -18.91
During the past 13 years, the highest FCF Margin % of Terna SpA was 37.25%. The lowest was -37.49%. And the median was -4.96%.
MIL:TRN's FCF Margin % is ranked worse than 86.57% of 499
companies
in the Utilities - Regulated industry
Industry Median: 2.36
vs MIL:TRN: -18.91
Terna SpA FCF Margin % Related Terms
Terna SpA FCF Margin % Historical Data
* Premium members only.
The historical data trend for Terna SpA's FCF Margin % 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 Electric subindustry, Terna SpA's FCF Margin %, along with its competitors' market caps and FCF Margin % 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 FCF Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Terna SpA's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Terna SpA's FCF Margin % falls into.
* 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 FCF Margin % of -0.11% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Terna SpA and its competitors. According to the industry distribution chart, Terna SpA ranks #432 out of 499 companies in the Utilities - Regulated industry, placing it in the top 86.6%.
Is Terna SpA's FCF Margin % too high?
Terna SpA's current FCF Margin % is -0.11%. Based on the distribution chart, Terna SpA ranks #432 out of 499 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Terna SpA has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Terna SpA's FCF Margin % compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Terna SpA ranks #432 out of 499 companies for FCF Margin %. This places Terna SpA in the lower half of its industry. The industry median FCF Margin % is 2.36. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for an Utilities - Regulated company?
The median FCF Margin % among Utilities - Regulated companies is 2.36, based on 499 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Terna SpA and its competitors. For the Utilities - Regulated industry, the median FCF Margin % is 2.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Terna SpA's current FCF Margin % is -0.11%. 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 €9.85, compared to a current price of €10.22 — trading 3.8% above its estimated fair value. The current FCF Margin % is -0.11%. Terna SpA's overall GF Score™ is 84/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Terna SpA (MIL:TRN), the current FCF Margin % is -0.11% as of Mar. 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 overvalued.
The current stock price of €10.22 is trading 3.8% above its estimated GF Value™ of €9.85.
GuruFocus considers Terna SpA to be Fairly Valued.
Key valuation signals for MIL:TRN:
FCF Margin %: -0.11%
GF Value™: €9.85 vs. price of €10.22 (3.8% above fair value)
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.
84GF Score
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