Italgas SpAMIL:IG -0.05%76 Pretax Margin % is 42.51% as of Mar. 2026, which is 59% above its 10-year median of 26.74. GuruFocus rates MIL:IG with a GF Score™ of 76/100 and a GF Value™ of €8.19 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 501 Utilities - Regulated companies, Italgas SpA ranks better than 84.23% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Italgas SpA's Pre-Tax Income for the
three
months ended in Mar. 2026 was €266 Mil. Italgas SpA's Revenue for the
three
months ended in Mar. 2026 was €626 Mil. Therefore, Italgas SpA's pretax margin for the quarter that ended in Mar. 2026 was 42.51%.
The historical rank and industry rank for Italgas SpA's Pretax Margin % or its related term are showing as below:
MIL:IG'
s Pretax Margin % Range Over the Past 10 Years
Min: -36.56 Med: 26.74 Max: 29.82
Current: 25.25
MIL:IG's Pretax Margin % is ranked better than 84.23% of 501
companies
in the Utilities - Regulated industry
Industry Median: 12.12
vs MIL:IG: 25.25
Italgas SpA (MIL:IG) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Italgas SpA Pretax Margin % Related Terms
Italgas SpA Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Italgas SpA's Pretax 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.
MIL:IG vs ATO, NI, UGI: Pretax Margin % Comparison
For the Utilities - Regulated Gas subindustry, Italgas SpA's Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Italgas SpA's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Italgas SpA's Pretax 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 (MIL:IG) has a Pretax Margin % of 42.51% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Italgas SpA and its competitors. This is 59% above median its historical median of 26.74. According to the industry distribution chart, Italgas SpA ranks #79 out of 501 companies in the Utilities - Regulated industry, placing it in the top 15.8%.
Is Italgas SpA's Pretax Margin % too high?
Italgas SpA's current Pretax Margin % of 42.51% is 59% above median its 10-year median of 26.74. The Utilities - Regulated industry median Pretax Margin % is 12.12. Italgas SpA's value of 42.51% is 250.7% above this industry median. Based on the distribution chart, Italgas SpA ranks #79 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 Pretax Margin % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Italgas SpA ranks #79 out of 501 companies for Pretax Margin %. This places Italgas SpA in the top 16% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 12.12. Italgas SpA's value of 42.51% is 250.7% above this benchmark. While the company's 10-year median is 26.74 vs. the industry median of 12.12, 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 Pretax Margin % for an Utilities - Regulated company?
The median Pretax Margin % among Utilities - Regulated companies is 12.12, based on 501 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Italgas SpA's current Pretax Margin % of 42.51% is 250.7% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Italgas SpA and its competitors. For the Utilities - Regulated industry, the median Pretax Margin % is 12.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Italgas SpA's current Pretax Margin % is 42.51%, which is 59% above median its own 10-year median of 26.74. 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 €8.19, compared to a current price of €10.33 — trading 26.1% above its estimated fair value. The current Pretax Margin % is 42.51%, which is 59% above median its 10-year median of 26.74 and 250.7% above the Utilities - Regulated industry median of 12.12. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Italgas SpA (MIL:IG), the current Pretax Margin % is 42.51% 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 26.1% above its estimated GF Value™ of €8.19.
GuruFocus considers Italgas SpA to be Modestly Overvalued.
Key valuation signals for MIL:IG:
Pretax Margin %: 42.51% (59% above median its 10-year median of 26.74)
GF Value™: €8.19 vs. price of €10.33 (26.1% above fair value)
Industry Position: 250.7% above the Utilities - Regulated median (#79 of 501)
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 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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