Telecom Italia SpAMIL:TIT -0.44%45 Forward PE Ratio is 36.49 as of Jul. 11, 2026. GuruFocus rates MIL:TIT with a GF Score™ of 45/100 and a GF Value™ of €2.36 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 210 Telecommunication Services companies, Telecom Italia SpA ranks worse than 86.67% on this metric.
Telecom Italia SpA (MIL:TIT) 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 .
Telecom Italia SpA Forward PE Ratio Related Terms
Telecom Italia SpA Forward PE Ratio Historical Data
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The historical data trend for Telecom Italia 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.
Telecom Italia SpA Forward PE Ratio Chart
Telecom Italia SpA Annual Data
Trend
2015-12
2016-12
2017-12
2018-12
2019-12
2020-12
2021-12
2024-12
2025-12
Forward PE Ratio
18.52
13.95
11.09
6.91
8.09
12.64
21.98
20.49
28.71
Telecom Italia SpA Quarterly Data
2015-12
2016-03
2016-06
2016-09
2016-12
2017-03
2017-06
2017-09
2017-12
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2019-12
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2024-12
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
18.52
11.42
12.35
12.32
13.95
12.05
11.55
11.33
11.09
11.89
10.04
7.47
6.91
7.92
5.58
6.08
8.09
5.22
7.14
12.08
12.64
15.06
14.04
8.37
21.98
16.61
20.49
208.55
27.69
28.71
24.67
MIL:TIT vs TMUS, VZ, T: Forward PE Ratio Comparison
For the Telecom Services subindustry, Telecom Italia 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.
Telecom Italia SpA Forward PE Ratio vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Telecom Italia SpA's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Telecom Italia 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.
Telecom Italia SpA (MIL:TIT) has a Forward PE Ratio of 36.49 as of Jul. 11, 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 Telecom Italia SpA and its competitors. According to the industry distribution chart, Telecom Italia SpA ranks #182 out of 210 companies in the Telecommunication Services industry, placing it in the top 86.7%.
Is Telecom Italia SpA's Forward PE Ratio too high?
Telecom Italia SpA's current Forward PE Ratio is 36.49. The Telecommunication Services industry median Forward PE Ratio is 14.05. Telecom Italia SpA's value of 36.49 is 159.7% above this industry median. Based on the distribution chart, Telecom Italia SpA ranks #182 out of 210 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Telecom Italia SpA has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Telecom Italia SpA's Forward PE Ratio compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Telecom Italia SpA ranks #182 out of 210 companies for Forward PE Ratio. This places Telecom Italia SpA in the lower half of its industry. The industry median Forward PE Ratio is 14.05. Telecom Italia SpA's value of 36.49 is 159.7% above 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 a Telecommunication Services company?
The median Forward PE Ratio among Telecommunication Services companies is 14.05, based on 210 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. Telecom Italia SpA's current Forward PE Ratio of 36.49 is 159.7% 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 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 Telecom Italia SpA and its competitors. For the Telecommunication Services industry, the median Forward PE Ratio is 14.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telecom Italia SpA's current Forward PE Ratio is 36.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telecom Italia SpA stock overvalued right now?
Based on GuruFocus' analysis, Telecom Italia SpA (MIL:TIT) is currently considered Significantly Overvalued. The stock's GF Value™ is €2.36, compared to a current price of €7.99 — trading 238.6% above its estimated fair value. The current Forward PE Ratio is 36.49 and 159.7% above the Telecommunication Services industry median of 14.05. Telecom Italia SpA's overall GF Score™ is 45/100 with 9 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 Telecom Italia SpA (MIL:TIT), the current Forward PE Ratio is 36.49 as of Jul. 11, 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 Telecom Italia SpA (MIL:TIT) Overvalued in 2026?
Based on GuruFocus' analysis, Telecom Italia SpA stock appears to be overvalued.
The current stock price of €7.99 is trading 238.6% above its estimated GF Value™ of €2.36.
GuruFocus considers Telecom Italia SpA to be Significantly Overvalued.
Key valuation signals for MIL:TIT:
Forward PE Ratio: 36.49
GF Value™: €2.36 vs. price of €7.99 (238.6% above fair value)
Industry Position: 159.7% above the Telecommunication Services median (#182 of 210)
No single metric tells the full story. See the MIL:TIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Telecom Italia is the incumbent telecommunications operator in Italy, with 23% share in the Italian mobile market and 35% share in broadband. In the mobile market, it competes with Vodafone, WindTre, and Iliad. After the sale of its fixed network to KKR for EUR 18.8 billion in 2024, TIM has become a pure service provider with no network ownership. TIM Brazil is significantly smaller than its peers, Telefonica and America Movil, with 25% wireless market share.
45GF Score
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