Terna SpA (MIL:TRN) Intangible Assets: €1,287 Mil (As of Jun. 2026)

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MIL:TRN Terna SpA MIL:TRN
88 GF Score
Price €9.89
GF Value €10.04
Valuation Fairly Valued
! 3 Warning Signs
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What is Terna SpA Intangible Assets?

Terna SpA MIL:TRN +0.61% 88 Intangible Assets is €1,287 Mil as of Jun. 2026. GuruFocus rates MIL:TRN with a GF Score™ of 88/100 and a GF Value™ of €10.04 (Fairly Valued). The stock has 3 warning signs investors should review.

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Terna SpA's intangible assets for the quarter that ended in Jun. 2026 was €1,287 Mil.

Terna SpA  (MIL:TRN) Intangible Assets Explanation

If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.

The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.

Some intangibles are amortized. Amortization is the depreciation of intangible assets.

Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.

Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.

If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.

Intangibles acquired are on balance sheet at fair value.

Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.

One of the reasons competitive advantage power can remain hidden for so long.

Be Aware

Companies may change the way intangible assets are amortized, and this will affect their reported earnings.

Terna SpA Intangible Assets Related Terms

Terna SpA Intangible Assets Historical Data

* Premium members only.

The historical data trend for Terna SpA's Intangible Assets 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.

Terna SpA Intangible Assets Chart

Terna SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intangible Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 656.50 775.80 867.20 982.20 1,292.70

Terna SpA Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Intangible Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,075.50 1,181.80 1,292.70 1,296.30 1,287.20
MIL:TRN
88GF Score
Terna SpA MIL:TRN
Intangible Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Terna SpA Intangible Assets Calculation

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.

Frequently Asked Questions Learn more about Intangible Assets →
What does a Intangible Assets of €1,287 Mil mean?
Terna SpA (MIL:TRN) has a Intangible Assets of €1,287 Mil as of Jun. 2026. Intangible assets include patents, goodwill and trade secrets. View historical data on Terna SpA and its competitors.
Is Terna SpA's Intangible Assets too high?
Terna SpA's current Intangible Assets is €1,287 Mil. Overall, Terna SpA has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Terna SpA's Intangible Assets compare to NEE and SO?
Terna SpA's Intangible Assets of €1,287 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intangible Assets for an Utilities - Regulated company?
A good Intangible Assets depends on the Utilities - Regulated industry context. However, Intangible Assets 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 Intangible Assets mean?
A high Intangible Assets can signal that a stock is expensive relative to its fundamentals. Intangible assets include patents, goodwill and trade secrets. View historical data on Terna SpA and its competitors. Terna SpA's current Intangible Assets is €1,287 Mil. 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 €10.04, compared to a current price of €9.89 — trading 1.5% below its estimated fair value. The current Intangible Assets is €1,287 Mil. Terna SpA's overall GF Score™ is 88/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intangible Assets calculated?
Intangible Assets is calculated from a company's financial statements. For Terna SpA (MIL:TRN), the current Intangible Assets is €1,287 Mil as of Jun. 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 undervalued. The current stock price of €9.89 is trading 1.5% below its estimated GF Value™ of €10.04. GuruFocus considers Terna SpA to be Fairly Valued.

Key valuation signals for MIL:TRN:

  • Intangible Assets: €1,287 Mil
  • GF Value™: €10.04 vs. price of €9.89 (1.5% below fair value)
  • GF Score™: 88/100 with 3 warning signs

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 Business Description

Address Viale Egidio Galbani 70, Rome, ITA, 00156
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.
88GF Score

Get the complete analysis for MIL:TRN

Intangible Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€9.89
Price
€10.04
GF Value