Italgas SpAMIL:IG -0.05%76 Interest Coverage is 5.04 as of Mar. 2026, which is 46% below its 10-year median of 9.39. GuruFocus rates MIL:IG with a GF Score™ of 76/100 and a GF Value™ of €8.19 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 449 Utilities - Regulated companies, Italgas SpA ranks better than 58.35% 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. Italgas SpA's
Operating Income
for the
three
months ended in Mar. 2026 was €327 Mil. Italgas SpA's Interest Expense for the
three
months ended in Mar. 2026 was €-65 Mil.
Italgas SpA's interest coverage for the quarter that ended in Mar. 2026 was 5.04.
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. Italgas SpA interest coverage is 4.76, which is low.
The historical rank and industry rank for Italgas SpA's Interest Coverage or its related term are showing as below:
MIL:IG'
s Interest Coverage Range Over the Past 10 Years
Min: 0.24 Med: 9.39 Max: 14.11
Current: 4.76
MIL:IG's Interest Coverage is ranked better than 58.35% of 449
companies
in the Utilities - Regulated industry
Industry Median: 3.78
vs MIL:IG: 4.76
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 .
Italgas SpA Interest Coverage Related Terms
Italgas SpA Interest Coverage Historical Data
* Premium members only.
The historical data trend for Italgas 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.
MIL:IG vs ATO, NI, UGI: Interest Coverage Comparison
For the Utilities - Regulated Gas subindustry, Italgas 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.
Italgas SpA Interest Coverage vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Italgas SpA's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Italgas 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.
Italgas SpA (MIL:IG) has a Interest Coverage of 5.04 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Italgas SpA and its competitors. This is 46% below median its historical median of 9.39. Over the past decade, Italgas SpA's Interest Coverage has ranged from 0.24 to 14.11. According to the industry distribution chart, Italgas SpA ranks #187 out of 449 companies in the Utilities - Regulated industry, placing it in the top 41.6%.
Is Italgas SpA's Interest Coverage too high?
Italgas SpA's current Interest Coverage of 5.04 is 46% below median its 10-year median of 9.39. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 14.11. The Utilities - Regulated industry median Interest Coverage is 3.78. Italgas SpA's value of 5.04 is 33.3% above this industry median. Based on the distribution chart, Italgas SpA ranks #187 out of 449 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Italgas SpA has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Italgas SpA's Interest Coverage compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Italgas SpA ranks #187 out of 449 companies for Interest Coverage. This puts Italgas SpA in the upper half of its industry. The industry median Interest Coverage is 3.78. Italgas SpA's value of 5.04 is 33.3% above this benchmark. Historically, Italgas SpA's own Interest Coverage has ranged from 0.24 to 14.11 over the past decade. While the company's 10-year median is 9.39 vs. the industry median of 3.78, Italgas 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. Italgas SpA's current Interest Coverage of 5.04 is 33.3% 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 Italgas 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. Italgas SpA's current Interest Coverage is 5.04, which is 46% below median its own 10-year median of 9.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Italgas SpA stock overvalued right now?
Based on GuruFocus' analysis, Italgas SpA (MIL:IG) is currently considered Modestly Overvalued. The stock's GF Value™ is €8.19, compared to a current price of €10.33 — trading 26.1% above its estimated fair value. The current Interest Coverage is 5.04, which is 46% below median its 10-year median of 9.39 and 33.3% above the Utilities - Regulated industry median of 3.78. Italgas SpA's overall GF Score™ is 76/100 with 9 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 Italgas SpA (MIL:IG), the current Interest Coverage is 5.04 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 Italgas SpA (MIL:IG) Overvalued in 2026?
Based on GuruFocus' analysis, Italgas SpA stock appears to be overvalued.
The current stock price of €10.33 is trading 26.1% above its estimated GF Value™ of €8.19.
GuruFocus considers Italgas SpA to be Modestly Overvalued.
Key valuation signals for MIL:IG:
Interest Coverage: 5.04 (46% below median its 10-year median of 9.39)
GF Value™: €8.19 vs. price of €10.33 (26.1% above fair value)
Industry Position: 33.3% above the Utilities - Regulated median (#187 of 449)
No single metric tells the full story. See the MIL:IG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Italgas SpA is an Italy-based company engaged in the business of natural gas distribution. The distribution service consists of transporting gas through local pipeline networks, from points of delivery at the reduction and measurement stations interconnected with the transport networks up to the final delivery points to customers. In addition, the company is also engaged in metering activities, which consist of determining, gathering, making available, and archiving metering data on natural gas withdrawn over the distribution networks. It derives a majority of its revenue from natural gas distribution activity. The other activities of the company are the distribution and sale of water and providing technical, engineering, IT assistance, and other services.
76GF Score
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