Snam SpAMEX:SRGS N 69 Interest Coverage is 5.48 as of Mar. 2026, which is 3% below its 10-year median of 5.66. GuruFocus rates MEX:SRGS N with a GF Score™ of 69/100 and a GF Value™ of MXN66.28. The stock has 10 warning signs investors should review. Among 449 Utilities - Regulated companies, Snam SpA ranks worse than 62.36% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Snam SpA's
Operating Income
for the
three
months ended in Mar. 2026 was MXN10,048 Mil. Snam SpA's Interest Expense for the
three
months ended in Mar. 2026 was MXN-1,835 Mil.
Snam SpA's interest coverage for the quarter that ended in Mar. 2026 was 5.48.
The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Snam SpA interest coverage is 2.66, which is low.
The historical rank and industry rank for Snam SpA's Interest Coverage or its related term are showing as below:
MEX:SRGS N'
s Interest Coverage Range Over the Past 10 Years
Min: 2.17 Med: 5.66 Max: 12.17
Current: 2.66
MEX:SRGS N's Interest Coverage is ranked worse than 62.36% of 449
companies
in the Utilities - Regulated industry
Industry Median: 3.78
vs MEX:SRGS N: 2.66
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Snam SpA Interest Coverage Related Terms
Snam SpA Interest Coverage Historical Data
* Premium members only.
The historical data trend for Snam SpA's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
MEX:SRGS N vs ATO, NI, UGI: Interest Coverage Comparison
For the Utilities - Regulated Gas subindustry, Snam SpA's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.
Snam SpA Interest Coverage vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Snam SpA's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Snam SpA's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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.
Snam SpA (MEX:SRGS N) has a Interest Coverage of 5.48 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Snam SpA and its competitors. This is near median its historical median of 5.66. Over the past decade, Snam SpA's Interest Coverage has ranged from 2.17 to 12.17. According to the industry distribution chart, Snam SpA ranks #280 out of 449 companies in the Utilities - Regulated industry, placing it in the top 62.4%.
Is Snam SpA's Interest Coverage too high?
Snam SpA's current Interest Coverage of 5.48 is near median its 10-year median of 5.66. Over the past 10 years, this metric has ranged from a low of 2.17 to a high of 12.17. The Utilities - Regulated industry median Interest Coverage is 3.78. Snam SpA's value of 5.48 is 45% above this industry median. Based on the distribution chart, Snam SpA ranks #280 out of 449 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Snam SpA has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Snam SpA's Interest Coverage compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Snam SpA ranks #280 out of 449 companies for Interest Coverage. This places Snam SpA in the lower half of its industry. The industry median Interest Coverage is 3.78. Snam SpA's value of 5.48 is 45% above this benchmark. Historically, Snam SpA's own Interest Coverage has ranged from 2.17 to 12.17 over the past decade. While the company's 10-year median is 5.66 vs. the industry median of 3.78, Snam 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 Interest Coverage for an Utilities - Regulated company?
The median Interest Coverage among Utilities - Regulated companies is 3.78, based on 449 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Snam SpA's current Interest Coverage of 5.48 is 45% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Snam SpA and its competitors. For the Utilities - Regulated industry, the median Interest Coverage is 3.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Snam SpA's current Interest Coverage is 5.48, which is near median its own 10-year median of 5.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Snam SpA stock overvalued right now?
Snam SpA (MEX:SRGS N) has a current Interest Coverage of 5.48. The stock's GF Value™ is MXN66.28, compared to a current price of MXN86.11 — trading 29.9% above its estimated fair value. The current Interest Coverage is 5.48, which is near median its 10-year median of 5.66 and 45% above the Utilities - Regulated industry median of 3.78. Snam SpA's overall GF Score™ is 69/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Snam SpA (MEX:SRGS N), the current Interest Coverage is 5.48 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 Snam SpA (MEX:SRGS N) Overvalued in 2026?
Based on GuruFocus' analysis, Snam SpA stock appears to be overvalued.
The current stock price of MXN86.11 is trading 29.9% above its estimated GF Value™ of MXN66.28.
Key valuation signals for MEX:SRGS N:
Interest Coverage: 5.48 (near median its 10-year median of 5.66)
GF Value™: MXN66.28 vs. price of MXN86.11 (29.9% above fair value)
Industry Position: 45% above the Utilities - Regulated median (#280 of 449)
No single metric tells the full story. See the MEX:SRGS N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Snam operates a network of about 38,000 kilometers of natural gas pipelines in Italy and abroad. It also holds 17% of European gas storage capacity and 18.1 billion cubic meters of LNG regasification capacity. Snam is investing in hydrogen, biofuels, carbon capture and storage, and energy efficiencies to prepare for the energy transition. Snam became independent from Eni in 2012 after the latter sold its stake to Cassa Depositi e Prestiti, a financial institution controlled by the Ministry of Economy and Finance.
69GF Score
Get the complete analysis for MEX:SRGS N
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