TERRF (Terna SpA) Other Operating Expense: $2,284 Mil (TTM 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.

TERRF Terna SpA TERRF
89 GF Score
Price $10.95
GF Value $10.97
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Terna SpA Other Operating Expense?

Terna SpA TERRF 89 Other Operating Expense is $2,284 Mil as of Jun. 2026. GuruFocus rates TERRF with a GF Score™ of 89/100 and a GF Value™ of $10.97 (Fairly Valued). The stock has 3 warning signs investors should review.

Terna SpA's Other Operating Expense for the three months ended in Jun. 2026 was $555 Mil. Its Other Operating Expense for the trailing twelve months (TTM) ended in Jun. 2026 was $2,284 Mil.

Terna SpA's quarterly Other Operating Expense declined from Dec. 2025 ($707 Mil) to Mar. 2026 ($508 Mil) but then increased from Mar. 2026 ($508 Mil) to Jun. 2026 ($555 Mil).

Terna SpA's annual Other Operating Expense increased from Dec. 2023 ($1,637 Mil) to Dec. 2024 ($1,699 Mil) and increased from Dec. 2024 ($1,699 Mil) to Dec. 2025 ($2,122 Mil).


Terna SpA Other Operating Expense Historical Data

* Premium members only.

The historical data trend for Terna SpA's Other Operating Expense 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.

Terna SpA Other Operating Expense Chart

Terna SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Other Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,330.17 1,430.93 1,636.97 1,699.37 2,122.13

Terna SpA Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Other Operating Expense 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 510.96 513.50 706.79 508.21 555.30
TERRF
89GF Score
Terna SpA TERRF
Other Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Terna SpA Other Operating Expense Calculation

GuruFocus uses a standardized financial statement format for all companies. For non-financial companies, GuruFocus lists Selling, General, & Admin. Expense, , Research & Development, and Other Operating Expense under the "Total Operating Expense" section.

Other Operating Expense sometimes includes:
Restructuring, and merger
Acquisition related and other
Litigation settlement charge
Other (too numerous to list)

Some companies can and do choose to report each of these items separately. Yet, there are a variety of Other Operating Expense which are simply too numerous to list.

Other Operating Expense for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,284 Mil.

* 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 Other Operating Expense of $2,284 Mil mean?
Terna SpA (TERRF) has a Other Operating Expense of $2,284 Mil as of Jun. 2026. Other operating expenses that a company records on its income statement. View historical data on Terna SpA and its competitors.
Is Terna SpA's Other Operating Expense too high?
Terna SpA's current Other Operating Expense is $2,284 Mil. Overall, Terna SpA has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Terna SpA's Other Operating Expense compare to NEE and SO?
Terna SpA's Other Operating Expense of $2,284 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Other Operating Expense for an Utilities - Regulated company?
A good Other Operating Expense depends on the Utilities - Regulated industry context. However, Other Operating Expense 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 Other Operating Expense mean?
A high Other Operating Expense can signal that a stock is expensive relative to its fundamentals. Other operating expenses that a company records on its income statement. View historical data on Terna SpA and its competitors. Terna SpA's current Other Operating Expense is $2,284 Mil. 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 $10.97, compared to a current price of $10.95 — trading 0.2% below its estimated fair value. The current Other Operating Expense is $2,284 Mil. Terna SpA's overall GF Score™ is 89/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Other Operating Expense calculated?
Other Operating Expense is calculated from a company's financial statements. For Terna SpA (TERRF), the current Other Operating Expense is $2,284 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 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 0.2% below its estimated GF Value™ of $10.97. GuruFocus considers Terna SpA to be Fairly Valued.

Key valuation signals for TERRF:

  • Other Operating Expense: $2,284 Mil
  • GF Value™: $10.97 vs. price of $10.95 (0.2% below fair value)
  • GF Score™: 89/100 with 3 warning signs

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 Business Description

Address Viale Egidio Galbani 70, Rome, ITA, 00156
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.
89GF Score

Get the complete analysis for TERRF

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

$10.95
Price
$10.97
GF Value