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Innovatec SpAMIL:INC -1.23%27 Forward PE Ratio is 0.82 as of Jul. 15, 2026. GuruFocus rates MIL:INC with a GF Score™ of 27/100 and a GF Value™ of €0.04 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 275 Utilities - Regulated companies, Innovatec SpA ranks better than 99.64% on this metric.
Innovatec SpA (MIL:INC) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Innovatec SpA Forward PE Ratio Related Terms
Innovatec SpA Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Innovatec SpA's Forward PE Ratio 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.
Innovatec SpA Forward PE Ratio Chart
Innovatec SpA Annual Data
Trend
2024-12
2025-12
Forward PE Ratio
6.58
0.94
Innovatec SpA Semi-Annual Data
2024-12
2025-06
2025-12
Forward PE Ratio
6.58
0.98
0.94
MIL:INC vs NEE, SO, DUK: Forward PE Ratio Comparison
For the Utilities - Regulated Electric subindustry, Innovatec SpA's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio 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.
Innovatec SpA Forward PE Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Innovatec SpA's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Innovatec SpA's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Innovatec SpA (MIL:INC) has a Forward PE Ratio of 0.82 as of Jul. 15, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Innovatec SpA and its competitors. According to the industry distribution chart, Innovatec SpA ranks #1 out of 275 companies in the Utilities - Regulated industry, placing it in the top 0.40000000000001%.
Is Innovatec SpA's Forward PE Ratio too high?
Innovatec SpA's current Forward PE Ratio is 0.82. The Utilities - Regulated industry median Forward PE Ratio is 14.54. Innovatec SpA's value of 0.82 is 94.4% below this industry median. Based on the distribution chart, Innovatec SpA ranks #1 out of 275 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Innovatec SpA has a GF Score™ of 27/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Innovatec SpA's Forward PE Ratio compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Innovatec SpA ranks #1 out of 275 companies for Forward PE Ratio. This places Innovatec SpA in the top 0% of its industry — outperforming the majority of peers. The industry median Forward PE Ratio is 14.54. Innovatec SpA's value of 0.82 is 94.4% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for an Utilities - Regulated company?
The median Forward PE Ratio among Utilities - Regulated companies is 14.54, based on 275 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Innovatec SpA's current Forward PE Ratio of 0.82 is 94.4% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Innovatec SpA and its competitors. For the Utilities - Regulated industry, the median Forward PE Ratio is 14.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innovatec SpA's current Forward PE Ratio is 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innovatec SpA stock overvalued right now?
Based on GuruFocus' analysis, Innovatec SpA (MIL:INC) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.04, compared to a current price of €0.20 — trading 403.8% above its estimated fair value. The current Forward PE Ratio is 0.82 and 94.4% below the Utilities - Regulated industry median of 14.54. Innovatec SpA's overall GF Score™ is 27/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Innovatec SpA (MIL:INC), the current Forward PE Ratio is 0.82 as of Jul. 15, 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 Innovatec SpA (MIL:INC) Overvalued in 2026?
Based on GuruFocus' analysis, Innovatec SpA stock appears to be overvalued.
The current stock price of €0.20 is trading 403.8% above its estimated GF Value™ of €0.04.
GuruFocus considers Innovatec SpA to be Significantly Overvalued.
Key valuation signals for MIL:INC:
Forward PE Ratio: 0.82
GF Value™: €0.04 vs. price of €0.20 (403.8% above fair value)
Industry Position: 94.4% below the Utilities - Regulated median (#1 of 275)
No single metric tells the full story. See the MIL:INC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Innovatec SpA is engaged in the field of energy efficiency and renewable energies. The group is an integrated energy service provider which develops and operates technology, products and services.
27GF Score
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