EIPAF (Eni SpA) Inventories, Inventories Adjustments: $-779 Mil (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

EIPAF Eni SpA EIPAF
64 GF Score
Price $28.54
GF Value $16.83
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Eni SpA Inventories, Inventories Adjustments?

Eni SpA EIPAF 64 Inventories, Inventories Adjustments is $-779 Mil as of Jun. 2026. GuruFocus rates EIPAF with a GF Score™ of 64/100 and a GF Value™ of $16.83 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Eni SpA's Inventories, Inventories Adjustments for the quarter that ended in Jun. 2026 was $-779 Mil.

Eni SpA's quarterly Inventories, Inventories Adjustments stayed the same from Dec. 2025 ($0 Mil) to Mar. 2026 ($0 Mil) but then declined from Mar. 2026 ($0 Mil) to Jun. 2026 ($-779 Mil).

Eni SpA Inventories, Inventories Adjustments Historical Data

* Premium members only.

The historical data trend for Eni SpA's Inventories, Inventories Adjustments 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.

Eni SpA Inventories, Inventories Adjustments Chart

Eni SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Inventories, Inventories Adjustments
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Eni SpA Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Inventories, Inventories Adjustments 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 -645.91 0.00 0.00 0.00 -778.80
EIPAF
64GF Score
Eni SpA EIPAF
Inventories, Inventories Adjustments is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Eni SpA Inventories, Inventories Adjustments Calculation

Inventories, Inventories Adjustments represents certain charges made in the current period in inventory resulting from breakage, spoilage, employee theft and shoplifting, etc.

What does a Inventories, Inventories Adjustments of $-779 Mil mean?
Eni SpA (EIPAF) has a Inventories, Inventories Adjustments of $-779 Mil as of Jun. 2026. Inventories, Inventories Adjustments is certain charges made in the current period in inventory resulting from breakage, spoilage, etc. View historical data on Eni SpA and its competitors.
Is Eni SpA's Inventories, Inventories Adjustments too high?
Eni SpA's current Inventories, Inventories Adjustments is $-779 Mil. Overall, Eni SpA has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Eni SpA's Inventories, Inventories Adjustments compare to XOM and CVX?
Eni SpA's Inventories, Inventories Adjustments of $-779 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventories, Inventories Adjustments for an Oil & Gas company?
A good Inventories, Inventories Adjustments depends on the Oil & Gas industry context. However, Inventories, Inventories Adjustments 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 Inventories, Inventories Adjustments mean?
A high Inventories, Inventories Adjustments can signal that a stock is expensive relative to its fundamentals. Inventories, Inventories Adjustments is certain charges made in the current period in inventory resulting from breakage, spoilage, etc. View historical data on Eni SpA and its competitors. Eni SpA's current Inventories, Inventories Adjustments is $-779 Mil. 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 (EIPAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $16.83, compared to a current price of $28.54 — trading 69.6% above its estimated fair value. The current Inventories, Inventories Adjustments is $-779 Mil. Eni SpA's overall GF Score™ is 64/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventories, Inventories Adjustments calculated?
Inventories, Inventories Adjustments is calculated from a company's financial statements. For Eni SpA (EIPAF), the current Inventories, Inventories Adjustments is $-779 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 Eni SpA (EIPAF) Overvalued in 2026?

Based on GuruFocus' analysis, Eni SpA stock appears to be overvalued. The current stock price of $28.54 is trading 69.6% above its estimated GF Value™ of $16.83. GuruFocus considers Eni SpA to be Significantly Overvalued.

Key valuation signals for EIPAF:

  • Inventories, Inventories Adjustments: $-779 Mil
  • GF Value™: $16.83 vs. price of $28.54 (69.6% above fair value)
  • GF Score™: 64/100 with 6 warning signs

No single metric tells the full story. See the EIPAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Eni SpA Business Description

Industry EnergyOil & Gas
Address 1, Piazzale Enrico Mattei, Rome, ITA, 00144
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.
64GF Score

Get the complete analysis for EIPAF

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

$28.54
Price
$16.83
GF Value