Eni SpABUE:E -0.89%51 Piotroski F-Score is 6 as of Jun. 27, 2026, which is at its 10-year median of 6.00. GuruFocus rates BUE:E with a GF Score™ of 51/100 and a GF Value™ of ARS12,950.56 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 974 Oil & Gas companies, Eni SpA ranks better than 80.9% on this metric.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Eni SpA has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Eni SpA's Piotroski F-Score or its related term are showing as below:
BUE:E'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 9
Current: 6
During the past 13 years, the highest Piotroski F-Score of Eni SpA was 9. The lowest was 3. And the median was 6.
Eni SpA (BUE:E) Piotroski F-Score Explanation
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Eni SpA Piotroski F-Score Related Terms
Eni SpA Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Eni SpA's Piotroski F-Score 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 Oil & Gas Integrated subindustry, Eni SpA's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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.
Eni SpA Piotroski F-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Eni SpA's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Eni SpA's Piotroski F-Score 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.
This Year (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 743561.249 + 1279910.796 + 152967.213 + 1731237.596 = ARS3,907,677 Mil. Cash Flow from Operations was 4816031.146 + 4906059.067 + 7393415.314 + 2306700.326 = ARS19,422,206 Mil. Revenue was 30774945.686 + 32203384.464 + 35037990.047 + 31912318.039 = ARS129,928,638 Mil. Gross Profit was 4998155.725 + 2948735.956 + 1910390.532 + 3232936.687 = ARS13,090,219 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(166482708.189 + 186520216.779 + 215155714.476 + 232967366.373 + 238762073.156) / 5 = ARS207977615.7946 Mil. Total Assets at the begining of this year (Mar25) was ARS166,482,708 Mil. Long-Term Debt & Capital Lease Obligation was ARS42,362,786 Mil. Total Current Assets was ARS110,075,028 Mil. Total Current Liabilities was ARS74,795,607 Mil.
Net Income was 637164.155 + 550678.135 + 243246.073 + 1350697.675 = ARS2,781,786 Mil.
Revenue was 20931951.023 + 21792928.968 + 24840712.042 + 21733324.872 = ARS89,298,917 Mil. Gross Profit was 2602637.244 + 2091943.951 + 1885685.864 + 1293074.054 = ARS7,873,341 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(134188271.739 + 141962294.403 + 147019457.825 + 155401455.497 + 166482708.189) / 5 = ARS149010837.5306 Mil. Total Assets at the begining of last year (Mar24) was ARS134,188,272 Mil. Long-Term Debt & Capital Lease Obligation was ARS28,889,026 Mil. Total Current Assets was ARS53,516,209 Mil. Total Current Liabilities was ARS42,984,916 Mil.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Eni SpA's current Net Income (TTM) was 3,907,677.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Eni SpA's return on assets of this year was 0.02347197. Eni SpA's return on assets of last year was 0.02073047.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Score 1 if CFROA > ROA, 0 if CFROA <= ROA.
Eni SpA's current Net Income (TTM) was 3,907,677. Eni SpA's current Cash Flow from Operations (TTM) was 19,422,206.
==> 19,422,206 > 3,907,677 ==> CFROA > ROA ==> Score 1.
Funding
Question 5. Change in Gearing or Leverage
Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.
Score 0 if this year's gearing is higher, 1 otherwise.
Eni SpA's current ratio of this year was 1.47167772. Eni SpA's current ratio of last year was 1.24499973.
==> This year's current ratio is higher. ==> Score 1.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
Eni SpA's number of shares in issue this year was 6017.6. Eni SpA's number of shares in issue last year was 6252.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
Eni SpA's gross margin of this year was 0.1007493. Eni SpA's gross margin of last year was 0.08816838.
==> This year's gross margin is higher. ==> Score 1.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
Eni SpA's asset turnover of this year was 0.78043323. Eni SpA's asset turnover of last year was 0.66547483.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Eni SpA has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Eni SpA (BUE:E) has a Piotroski F-Score of 6 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Eni SpA and its competitors. This is near median its historical median of 6.00. Over the past decade, Eni SpA's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Eni SpA ranks #186 out of 974 companies in the Oil & Gas industry, placing it in the top 19.1%.
Is Eni SpA's Piotroski F-Score too high?
Eni SpA's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Oil & Gas industry median Piotroski F-Score is 5.00. Eni SpA's value of 6 is 20% above this industry median. Based on the distribution chart, Eni SpA ranks #186 out of 974 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Eni SpA has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Eni SpA's Piotroski F-Score compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Eni SpA ranks #186 out of 974 companies for Piotroski F-Score. This places Eni SpA in the top 19% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Eni SpA's value of 6 is 20% above this benchmark. Historically, Eni SpA's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Eni 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 Piotroski F-Score for an Oil & Gas company?
The median Piotroski F-Score among Oil & Gas companies is 5.00, based on 974 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Eni SpA's current Piotroski F-Score of 6 is 20% 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Eni SpA and its competitors. For the Oil & Gas industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eni SpA's current Piotroski F-Score is 6, which is near median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eni SpA stock overvalued right now?
Based on GuruFocus' analysis, Eni SpA (BUE:E) is currently considered Significantly Overvalued. The stock's GF Value™ is ARS12,950.56, compared to a current price of ARS17,870.00 — trading 38% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Oil & Gas industry median of 5.00. Eni SpA's overall GF Score™ is 51/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Eni SpA (BUE:E), the current Piotroski F-Score is 6 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 Eni SpA (BUE:E) Overvalued in 2026?
Based on GuruFocus' analysis, Eni SpA stock appears to be overvalued.
The current stock price of ARS17,870.00 is trading 38% above its estimated GF Value™ of ARS12,950.56.
GuruFocus considers Eni SpA to be Significantly Overvalued.
Key valuation signals for BUE:E:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: ARS12,950.56 vs. price of ARS17,870.00 (38% above fair value)
Industry Position: 20% above the Oil & Gas median (#186 of 974)
No single metric tells the full story. See the BUE:E stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eni is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2025, the company produced 0.8 million barrels of liquids and 4.6 billion cubic feet of natural gas per day. At year-end 2025, Eni held reserves of 6.9 billion barrels of oil equivalent, 44% of which are liquids. The Italian government owns a 33.1% stake in the company. Plentitude, Eni's renewable and low-carbon business, has 5.8 gigawatts of renewable power capacity, serves 10 million electricity customers, and operates 23,000 electric vehicle charging points.
51GF Score
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