TERRF (Terna SpA) Pre-Tax Income: $1,906 Mil (TTM As of Jun. 2026)

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TERRF Terna SpA TERRF
89 GF Score
Price $10.95
GF Value $11.41
Valuation Fairly Valued
! 3 Warning Signs
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What is Terna SpA Pre-Tax Income?

Terna SpA TERRF 89 Pre-Tax Income is $1,906 Mil as of Jun. 2026. GuruFocus rates TERRF with a GF Score™ of 89/100 and a GF Value™ of $11.41 (Fairly Valued). The stock has 3 warning signs investors should review.

Pretax income is the income that a company earns before paying income taxes. Terna SpA's pretax income for the three months ended in Jun. 2026 was $535 Mil. Its pretax income for the trailing twelve months (TTM) ended in Jun. 2026 was $1,906 Mil. Terna SpA's pretax margin was 42.54%.

During the past 13 years, Terna SpA's highest Pretax Margin was 46.54%. The lowest was 39.14%. And the median was 43.86%.


Terna SpA  (OTCPK:TERRF) Pre-Tax Income Explanation

Terna SpA's Pretax Margin for the quarter that ended in Jun. 2026 is calculated as

Pretax Margin=Pretax Income/Revenue
=535.023/1257.604
=42.54%

During the past 13 years, Terna SpA's highest Pretax Margin was 46.54%. The lowest was 39.14%. And the median was 43.86%.

* 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 Pre-Tax Income Related Terms


Terna SpA Pre-Tax Income Historical Data

* Premium members only.

The historical data trend for Terna SpA's Pre-Tax Income 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 Pre-Tax Income Chart

Terna SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pre-Tax Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,267.23 1,306.57 1,357.25 1,576.86 1,883.37

Terna SpA Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Pre-Tax Income 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 510.50 445.42 459.37 466.13 535.02

TERRF vs NEE, SO, DUK: Pre-Tax Income Comparison

For the Utilities - Regulated Electric subindustry, Terna SpA's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income 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.


Terna SpA Pre-Tax Income vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Terna SpA's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Terna SpA's Pre-Tax Income falls into.


TERRF
89GF Score
Terna SpA TERRF
Pre-Tax Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Terna SpA Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Terna SpA's Pretax Income for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=2126.698+0+-320.843+111.124+-33.607
=1,883

Terna SpA's Pretax Income for the quarter that ended in Jun. 2026 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=559.793+0+-54.378+0+29.608
=535

Pre-Tax Income 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 $1,906 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.

Frequently Asked Questions Learn more about Pre-Tax Income →
What does a Pre-Tax Income of $1,906 Mil mean?
Terna SpA (TERRF) has a Pre-Tax Income of $1,906 Mil as of Jun. 2026. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Terna SpA and its competitors.
Is Terna SpA's Pre-Tax Income too high?
Terna SpA's current Pre-Tax Income is $1,906 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 Pre-Tax Income compare to NEE and SO?
Terna SpA's Pre-Tax Income of $1,906 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 Pre-Tax Income for an Utilities - Regulated company?
A good Pre-Tax Income depends on the Utilities - Regulated industry context. However, Pre-Tax Income 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 Pre-Tax Income mean?
A high Pre-Tax Income can signal that a stock is expensive relative to its fundamentals. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Terna SpA and its competitors. Terna SpA's current Pre-Tax Income is $1,906 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 $11.41, compared to a current price of $10.95 — trading 4% below its estimated fair value. The current Pre-Tax Income is $1,906 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 Pre-Tax Income calculated?
Pre-Tax Income is calculated from a company's financial statements. For Terna SpA (TERRF), the current Pre-Tax Income is $1,906 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 4% below its estimated GF Value™ of $11.41. GuruFocus considers Terna SpA to be Fairly Valued.

Key valuation signals for TERRF:

  • Pre-Tax Income: $1,906 Mil
  • GF Value™: $11.41 vs. price of $10.95 (4% 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

Pre-Tax Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$10.95
Price
$11.41
GF Value