ERG SpA (MIL:ERG) Dividend Payout Ratio: 0.00 (As of Mar. 2026)


MIL:ERG ERG SpA MIL:ERG
78 GF Score
Price €23.58
GF Value €24.38
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is ERG SpA Dividend Payout Ratio?

ERG SpA MIL:ERG +0.43% 78 Dividend Payout Ratio is 0.00 as of Mar. 2026. GuruFocus rates MIL:ERG with a GF Score™ of 78/100 and a GF Value™ of €24.38 (Fairly Valued). The stock has 7 warning signs investors should review. Among 181 Utilities - Independent Power Producers companies, ERG SpA ranks worse than 88.4% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. ERG SpA's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.00.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of ERG SpA is 1.47, which seems too high.

The historical rank and industry rank for ERG SpA's Dividend Payout Ratio or its related term are showing as below:

MIL:ERG' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.6   Med: 1.04   Max: 2.53
Current: 1.47

During the past 13 years, the highest Dividend Payout Ratio of ERG SpA was 2.53. The lowest was 0.60. And the median was 1.04.

MIL:ERG's Dividend Payout Ratio is ranked worse than
88.4% of 181 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.44 vs MIL:ERG: 1.47

As of today (2026-06-27), the Dividend Yield % of ERG SpA is 4.24%.

During the past 13 years, the highest Trailing Annual Dividend Yield of ERG SpA was 7.19%. The lowest was 2.21%. And the median was 4.01%.

ERG SpA's Dividends per Share for the months ended in Mar. 2026 was €0.00.

During the past 3 years, the average Dividends Per Share Growth Rate was 3.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 7.10% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 7.40% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of ERG SpA was 47.80% per year. The lowest was -23.70% per year. And the median was 9.50% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

ERG SpA (MIL:ERG) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

ERG SpA Dividend Payout Ratio Related Terms

ERG SpA Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for ERG SpA's Dividend Payout Ratio 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.

ERG SpA Dividend Payout Ratio Chart

ERG SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.99 1.09 0.74 0.78 1.11

ERG SpA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio 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 0.00 5.08 0.00 0.00 0.00

ERG SpA Dividend Payout Ratio Competitor Comparison

For the Utilities - Renewable subindustry, ERG SpA's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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.

ERG SpA Dividend Payout Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, ERG SpA's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where ERG SpA's Dividend Payout Ratio falls into.


MIL:ERG
78GF Score
ERG SpA MIL:ERG
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ERG SpA Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

ERG SpA's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=1/ 0.899
=1.11

ERG SpA's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0/ 0.42
=0.00

* 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 Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.00 mean?
ERG SpA (MIL:ERG) has a Dividend Payout Ratio of 0.00 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on ERG SpA and its competitors. Over the past decade, ERG SpA's Dividend Payout Ratio has ranged from 0.60 to 2.53. According to the industry distribution chart, ERG SpA ranks #160 out of 181 companies in the Utilities - Independent Power Producers industry, placing it in the top 88.4%.
Is ERG SpA's Dividend Payout Ratio too high?
ERG SpA's current Dividend Payout Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 2.53. Based on the distribution chart, ERG SpA ranks #160 out of 181 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, ERG SpA has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ERG SpA's Dividend Payout Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, ERG SpA ranks #160 out of 181 companies for Dividend Payout Ratio. This places ERG SpA in the lower half of its industry. The industry median Dividend Payout Ratio is 0.44. Historically, ERG SpA's own Dividend Payout Ratio has ranged from 0.60 to 2.53 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Utilities - Independent Power Producers company?
The median Dividend Payout Ratio among Utilities - Independent Power Producers companies is 0.44, based on 181 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio 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 Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on ERG SpA and its competitors. For the Utilities - Independent Power Producers industry, the median Dividend Payout Ratio is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ERG SpA's current Dividend Payout Ratio is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ERG SpA stock overvalued right now?
Based on GuruFocus' analysis, ERG SpA (MIL:ERG) is currently considered Fairly Valued. The stock's GF Value™ is €24.38, compared to a current price of €23.58 — trading 3.3% below its estimated fair value. The current Dividend Payout Ratio is 0.00. ERG SpA's overall GF Score™ is 78/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For ERG SpA (MIL:ERG), the current Dividend Payout Ratio is 0.00 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 ERG SpA (MIL:ERG) Overvalued in 2026?

Based on GuruFocus' analysis, ERG SpA stock appears to be undervalued. The current stock price of €23.58 is trading 3.3% below its estimated GF Value™ of €24.38. GuruFocus considers ERG SpA to be Fairly Valued.

Key valuation signals for MIL:ERG:

  • Dividend Payout Ratio: 0.00
  • GF Value™: €24.38 vs. price of €23.58 (3.3% below fair value)
  • GF Score™: 78/100 with 7 warning signs

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

ERG SpA Business Description

Other Exchanges ERGm:UK0MHC:UKER9:Germany
Address Via De Marini, 1, Torre WTC, Genoa, ITA, 16149
ERG SpA produces electricity from clean, renewable, and sustainable sources. Its energy comes from the combination of natural resources such as wind and sun. The company produces wind power, and electricity as a hydroelectric operator to markets across Europe. Electricity is also generated from natural gas operations located in Italy. ERG's wind power production is handled by subsidiary ENG Renew which focuses on developing, building, and operating wind assets. Hydropower and natural gas operations are split off into ERG Power Generation. The company's hydro assets include plants, dams, reservoirs, and a pumping station. Electricity from the plant is either fed into Italy's national grid or used to power other industrial plants.
78GF Score

Get the complete analysis for MIL:ERG

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

€23.58
Price
€24.38
GF Value