Italgas SpA (MIL:IG) OCF Margin %: 102.73% (As of Mar. 2026) — 170% Above Median


MIL:IG Italgas SpA MIL:IG
78 GF Score
Price €10.33
GF Value €8.20
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Italgas SpA OCF Margin %?

Italgas SpA MIL:IG -0.05% 78 OCF Margin % is 102.73% as of Mar. 2026, which is 170% above its 10-year median of 38.07. GuruFocus rates MIL:IG with a GF Score™ of 78/100 and a GF Value™ of €8.20 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 499 Utilities - Regulated companies, Italgas SpA ranks better than 60.12% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. Italgas SpA's Cash Flow from Operations for the three months ended in Mar. 2026 was €643 Mil. Italgas SpA's Revenue for the three months ended in Mar. 2026 was €626 Mil. Therefore, Italgas SpA's OCF Margin % for the quarter that ended in Mar. 2026 was 102.73%.

As of today, Italgas SpA's current OCF Yield % is 8.93%.

The historical rank and industry rank for Italgas SpA's OCF Margin % or its related term are showing as below:

MIL:IG' s OCF Margin % Range Over the Past 10 Years
Min: -18.39   Med: 38.07   Max: 46.85
Current: 24.39


During the past 10 years, the highest OCF Margin % of Italgas SpA was 46.85%. The lowest was -18.39%. And the median was 38.07%.

MIL:IG's OCF Margin % is ranked better than
60.12% of 499 companies
in the Utilities - Regulated industry
Industry Median: 18.61 vs MIL:IG: 24.39


Italgas SpA OCF Margin % Related Terms


Italgas SpA OCF Margin % Historical Data

* Premium members only.

The historical data trend for Italgas SpA's OCF 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.

Italgas SpA OCF Margin % Chart

Italgas SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
OCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39.64 25.11 22.33 44.33 46.32

Italgas SpA Quarterly Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
OCF Margin % 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 63.99 34.87 0.00 0.00 102.73

MIL:IG vs ATO, NI, UGI: OCF Margin % Comparison

For the Utilities - Regulated Gas subindustry, Italgas SpA's OCF Margin %, along with its competitors' market caps and OCF 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 OCF Margin % vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Italgas SpA's OCF Margin % distribution charts can be found below:

* The bar in red indicates where Italgas SpA's OCF Margin % falls into.


MIL:IG
78GF Score
Italgas SpA MIL:IG
OCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Italgas SpA OCF Margin % Calculation

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

Italgas SpA's OCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

OCF Margin=Cash Flow from Operations (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=1625.063/3508.303
=46.32 %

Italgas SpA's OCF Margin for the quarter that ended in Mar. 2026 is calculated as

OCF Margin=Cash Flow from Operations (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=643/625.9
=102.73 %

* 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.

Frequently Asked Questions Learn more about OCF Margin % →
What does a OCF Margin % of 102.73% mean?
Italgas SpA (MIL:IG) has a OCF Margin % of 102.73% as of Mar. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Italgas SpA and its competitors. This is 170% above median its historical median of 38.07. According to the industry distribution chart, Italgas SpA ranks #199 out of 499 companies in the Utilities - Regulated industry, placing it in the top 39.9%.
Is Italgas SpA's OCF Margin % too high?
Italgas SpA's current OCF Margin % of 102.73% is 170% above median its 10-year median of 38.07. The Utilities - Regulated industry median OCF Margin % is 18.61. Italgas SpA's value of 102.73% is 452% above this industry median. Based on the distribution chart, Italgas SpA ranks #199 out of 499 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Italgas SpA has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Italgas SpA's OCF Margin % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Italgas SpA ranks #199 out of 499 companies for OCF Margin %. This puts Italgas SpA in the upper half of its industry. The industry median OCF Margin % is 18.61. Italgas SpA's value of 102.73% is 452% above this benchmark. While the company's 10-year median is 38.07 vs. the industry median of 18.61, 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 OCF Margin % for an Utilities - Regulated company?
The median OCF Margin % among Utilities - Regulated companies is 18.61, based on 499 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Italgas SpA's current OCF Margin % of 102.73% is 452% 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 OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Italgas SpA and its competitors. For the Utilities - Regulated industry, the median OCF Margin % is 18.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Italgas SpA's current OCF Margin % is 102.73%, which is 170% above median its own 10-year median of 38.07. 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 €8.20, compared to a current price of €10.33 — trading 25.9% above its estimated fair value. The current OCF Margin % is 102.73%, which is 170% above median its 10-year median of 38.07 and 452% above the Utilities - Regulated industry median of 18.61. Italgas SpA's overall GF Score™ is 78/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For Italgas SpA (MIL:IG), the current OCF Margin % is 102.73% 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 25.9% above its estimated GF Value™ of €8.20. GuruFocus considers Italgas SpA to be Modestly Overvalued.

Key valuation signals for MIL:IG:

  • OCF Margin %: 102.73% (170% above median its 10-year median of 38.07)
  • GF Value™: €8.20 vs. price of €10.33 (25.9% above fair value)
  • GF Score™: 78/100 with 9 warning signs
  • Industry Position: 452% above the Utilities - Regulated median (#199 of 499)

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 Business Description

Address Via Carlo Bo 11, Milano, ITA, 20143
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.
78GF Score

Get the complete analysis for MIL:IG

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

€10.33
Price
€8.20
GF Value