Eni SpABUE:E -1.21%51 Net Margin % is 5.42% as of Mar. 2026, which is 32% above its 10-year median of 4.11. GuruFocus rates BUE:E with a GF Score™ of 51/100 and a GF Value™ of ARS12,519.59 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 916 Oil & Gas companies, Eni SpA ranks worse than 51.86% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Eni SpA's Net Income for the
three
months ended in Mar. 2026 was ARS1,731,238 Mil. Eni SpA's Revenue for the
three
months ended in Mar. 2026 was ARS31,912,318 Mil. Therefore, Eni SpA's net margin for the quarter that ended in Mar. 2026 was 5.42%.
The historical rank and industry rank for Eni SpA's Net Margin % or its related term are showing as below:
BUE:E'
s Net Margin % Range Over the Past 10 Years
Min: -19.63 Med: 4.11 Max: 10.48
Current: 3.02
BUE:E's Net Margin % is ranked worse than 51.86% of 916
companies
in the Oil & Gas industry
Industry Median: 3.435
vs BUE:E: 3.02
Eni SpA (BUE:E) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Eni SpA Net Margin % Related Terms
Eni SpA Net Margin % Historical Data
* Premium members only.
The historical data trend for Eni SpA's Net Margin % 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.
For the Oil & Gas Integrated subindustry, Eni SpA's Net Margin %, along with its competitors' market caps and Net Margin % 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.
Eni SpA Net Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Eni SpA's Net Margin % distribution charts can be found below:
* The bar in red indicates where Eni SpA's Net Margin % falls into.
* 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 (BUE:E) has a Net Margin % of 5.42% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Eni SpA and its competitors. This is 32% above median its historical median of 4.11. According to the industry distribution chart, Eni SpA ranks #475 out of 916 companies in the Oil & Gas industry, placing it in the top 51.9%.
Is Eni SpA's Net Margin % too high?
Eni SpA's current Net Margin % of 5.42% is 32% above median its 10-year median of 4.11. The Oil & Gas industry median Net Margin % is 3.44. Eni SpA's value of 5.42% is 57.8% above this industry median. Based on the distribution chart, Eni SpA ranks #475 out of 916 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Eni SpA has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Eni SpA's Net Margin % compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Eni SpA ranks #475 out of 916 companies for Net Margin %. This places Eni SpA in the lower half of its industry. The industry median Net Margin % is 3.44. Eni SpA's value of 5.42% is 57.8% above this benchmark. While the company's 10-year median is 4.11 vs. the industry median of 3.44, Eni 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 Net Margin % for an Oil & Gas company?
The median Net Margin % among Oil & Gas companies is 3.44, based on 916 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Eni SpA's current Net Margin % of 5.42% is 57.8% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Eni SpA and its competitors. For the Oil & Gas industry, the median Net Margin % is 3.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eni SpA's current Net Margin % is 5.42%, which is 32% above median its own 10-year median of 4.11. 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 (BUE:E) is currently considered Significantly Overvalued. The stock's GF Value™ is ARS12,519.59, compared to a current price of ARS18,030.00 — trading 44% above its estimated fair value. The current Net Margin % is 5.42%, which is 32% above median its 10-year median of 4.11 and 57.8% above the Oil & Gas industry median of 3.44. Eni SpA's overall GF Score™ is 51/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Eni SpA (BUE:E), the current Net Margin % is 5.42% 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 Eni SpA (BUE:E) Overvalued in 2026?
Based on GuruFocus' analysis, Eni SpA stock appears to be overvalued.
The current stock price of ARS18,030.00 is trading 44% above its estimated GF Value™ of ARS12,519.59.
GuruFocus considers Eni SpA to be Significantly Overvalued.
Key valuation signals for BUE:E:
Net Margin %: 5.42% (32% above median its 10-year median of 4.11)
GF Value™: ARS12,519.59 vs. price of ARS18,030.00 (44% above fair value)
Industry Position: 57.8% above the Oil & Gas median (#475 of 916)
No single metric tells the full story. See the BUE:E stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
51GF Score
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