Italgas SpAWBO:IG +1.71%76 Net Margin % is 28.58% as of Mar. 2026, which is 54% above its 10-year median of 18.60. GuruFocus rates WBO:IG with a GF Score™ of 76/100 and a GF Value™ of €8.25 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 501 Utilities - Regulated companies, Italgas SpA ranks better than 79.64% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Italgas SpA's Net Income for the
three
months ended in Mar. 2026 was €179 Mil. Italgas SpA's Revenue for the
three
months ended in Mar. 2026 was €626 Mil. Therefore, Italgas SpA's net margin for the quarter that ended in Mar. 2026 was 28.58%.
The historical rank and industry rank for Italgas SpA's Net Margin % or its related term are showing as below:
WBO:IG'
s Net Margin % Range Over the Past 10 Years
Min: -29.16 Med: 18.6 Max: 22.72
Current: 17.16
WBO:IG's Net Margin % is ranked better than 79.64% of 501
companies
in the Utilities - Regulated industry
Industry Median: 8.8
vs WBO:IG: 17.16
Italgas SpA (WBO:IG) 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.
Italgas SpA Net Margin % Related Terms
Italgas SpA Net Margin % Historical Data
* Premium members only.
The historical data trend for Italgas 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 Utilities - Regulated Gas subindustry, Italgas 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.
Italgas SpA Net Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Italgas SpA's Net Margin % distribution charts can be found below:
* The bar in red indicates where Italgas 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.
Italgas SpA (WBO:IG) has a Net Margin % of 28.58% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Italgas SpA and its competitors. This is 54% above median its historical median of 18.60. According to the industry distribution chart, Italgas SpA ranks #102 out of 501 companies in the Utilities - Regulated industry, placing it in the top 20.4%.
Is Italgas SpA's Net Margin % too high?
Italgas SpA's current Net Margin % of 28.58% is 54% above median its 10-year median of 18.60. The Utilities - Regulated industry median Net Margin % is 8.80. Italgas SpA's value of 28.58% is 224.8% above this industry median. Based on the distribution chart, Italgas SpA ranks #102 out of 501 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. 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 Net Margin % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Italgas SpA ranks #102 out of 501 companies for Net Margin %. This places Italgas SpA in the top 20% of its industry — outperforming the majority of peers. The industry median Net Margin % is 8.80. Italgas SpA's value of 28.58% is 224.8% above this benchmark. While the company's 10-year median is 18.60 vs. the industry median of 8.80, 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 Net Margin % for an Utilities - Regulated company?
The median Net Margin % among Utilities - Regulated companies is 8.80, based on 501 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. Italgas SpA's current Net Margin % of 28.58% is 224.8% 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 Italgas SpA and its competitors. For the Utilities - Regulated industry, the median Net Margin % is 8.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Italgas SpA's current Net Margin % is 28.58%, which is 54% above median its own 10-year median of 18.60. 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 (WBO:IG) is currently considered Modestly Overvalued. The stock's GF Value™ is €8.25, compared to a current price of €10.38 — trading 25.8% above its estimated fair value. The current Net Margin % is 28.58%, which is 54% above median its 10-year median of 18.60 and 224.8% above the Utilities - Regulated industry median of 8.80. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Italgas SpA (WBO:IG), the current Net Margin % is 28.58% 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 (WBO:IG) Overvalued in 2026?
Based on GuruFocus' analysis, Italgas SpA stock appears to be overvalued.
The current stock price of €10.38 is trading 25.8% above its estimated GF Value™ of €8.25.
GuruFocus considers Italgas SpA to be Modestly Overvalued.
Key valuation signals for WBO:IG:
Net Margin %: 28.58% (54% above median its 10-year median of 18.60)
GF Value™: €8.25 vs. price of €10.38 (25.8% above fair value)
Industry Position: 224.8% above the Utilities - Regulated median (#102 of 501)
No single metric tells the full story. See the WBO: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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