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Terna SpATERRF 88 Intrinsic Value: Projected FCF is $-0.48 as of Sep. 04, 2026. GuruFocus rates TERRF with a GF Score™ of 88/100 and a GF Value™ of $11.42 (Fairly Valued). The stock has 3 warning signs investors should review. Among 381 Utilities - Regulated companies, Terna SpA ranks worse than 262466.93% on this metric.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2026-09-04), Terna SpA's Intrinsic Value: Projected FCF is $-0.48. The stock price of Terna SpA is $10.95. Therefore, Terna SpA's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.
The historical rank and industry rank for Terna SpA's Intrinsic Value: Projected FCF or its related term are showing as below:
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Terna SpA was 174.52. The lowest was 0.77. And the median was 1.74.
TERRF's Price-to-Projected-FCF is not ranked *
in the Utilities - Regulated industry.
Industry Median: 1.01 * Ranked among companies with meaningful Price-to-Projected-FCF only.
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Terna SpA's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
10.95
/
-0.23564812952875
=
* 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 Intrinsic Value: Projected FCF Related Terms
Terna SpA Intrinsic Value: Projected FCF Historical Data
* Premium members only.
The historical data trend for Terna SpA's Intrinsic Value: Projected FCF 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.
TERRF vs NEE, SO, DUK: Intrinsic Value: Projected FCF Comparison
For the Utilities - Regulated Electric subindustry, Terna SpA's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF 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.
Terna SpA Price-to-Projected-FCF vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Terna SpA's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Terna SpA's Price-to-Projected-FCF falls into.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* 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.
What does a Intrinsic Value: Projected FCF of $-0.48 mean?
Terna SpA (TERRF) has a Intrinsic Value: Projected FCF of $-0.48 as of Sep. 04, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Terna SpA and its competitors. According to the industry distribution chart, Terna SpA ranks #999999 out of 381 companies in the Utilities - Regulated industry.
Is Terna SpA's Intrinsic Value: Projected FCF too high?
Terna SpA's current Intrinsic Value: Projected FCF is $-0.48. Based on the distribution chart, Terna SpA ranks #999999 out of 381 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. 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 Intrinsic Value: Projected FCF compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Terna SpA ranks #999999 out of 381 companies for Intrinsic Value: Projected FCF. This places Terna SpA in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 1.01. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for an Utilities - Regulated company?
The median Intrinsic Value: Projected FCF among Utilities - Regulated companies is 1.01, based on 381 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF 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 Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Terna SpA and its competitors. For the Utilities - Regulated industry, the median Intrinsic Value: Projected FCF is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Terna SpA's current Intrinsic Value: Projected FCF is $-0.48. 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 (TERRF) is currently considered Fairly Valued. The stock's GF Value™ is $11.42, compared to a current price of $10.95 — trading 4.1% below its estimated fair value. The current Intrinsic Value: Projected FCF is $-0.48. 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 Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Terna SpA (TERRF), the current Intrinsic Value: Projected FCF is $-0.48 as of Sep. 04, 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 (TERRF) Overvalued in 2026?
Based on GuruFocus' analysis, Terna SpA stock appears to be undervalued.
The current stock price of $10.95 is trading 4.1% below its estimated GF Value™ of $11.42.
GuruFocus considers Terna SpA to be Fairly Valued.
Key valuation signals for TERRF:
Intrinsic Value: Projected FCF: $-0.48
GF Value™: $11.42 vs. price of $10.95 (4.1% below fair value)
No single metric tells the full story. See the TERRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 TERRF
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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