Eni SpAXSWX:ENI 57 Pretax Margin % is 4.20% as of Mar. 2026, which is 54% below its 10-year median of 9.23. GuruFocus rates XSWX:ENI with a GF Score™ of 57/100 and a GF Value™ of CHF15.91. The stock has 4 warning signs investors should review. Among 921 Oil & Gas companies, Eni SpA ranks better than 55.81% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Eni SpA's Pre-Tax Income for the
three
months ended in Mar. 2026 was CHF755 Mil. Eni SpA's Revenue for the
three
months ended in Mar. 2026 was CHF17,969 Mil. Therefore, Eni SpA's pretax margin for the quarter that ended in Mar. 2026 was 4.20%.
The historical rank and industry rank for Eni SpA's Pretax Margin % or its related term are showing as below:
XSWX:ENI'
s Pretax Margin % Range Over the Past 10 Years
Min: -13.59 Med: 9.23 Max: 16.64
Current: 7.1
XSWX:ENI's Pretax Margin % is ranked better than 55.81% of 921
companies
in the Oil & Gas industry
Industry Median: 5.18
vs XSWX:ENI: 7.10
Eni SpA (XSWX:ENI) 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.
Eni SpA Pretax Margin % Related Terms
Eni SpA Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Eni 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.
For the Oil & Gas Integrated subindustry, Eni 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.
Eni SpA Pretax Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Eni SpA's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Eni 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.
Eni SpA (XSWX:ENI) has a Pretax Margin % of 4.20% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Eni SpA and its competitors. This is 54% below median its historical median of 9.23. According to the industry distribution chart, Eni SpA ranks #407 out of 921 companies in the Oil & Gas industry, placing it in the top 44.2%.
Is Eni SpA's Pretax Margin % too high?
Eni SpA's current Pretax Margin % of 4.20% is 54% below median its 10-year median of 9.23. The Oil & Gas industry median Pretax Margin % is 5.18. Eni SpA's value of 4.20% is 18.9% below this industry median. Based on the distribution chart, Eni SpA ranks #407 out of 921 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Eni SpA has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does Eni SpA's Pretax Margin % compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Eni SpA ranks #407 out of 921 companies for Pretax Margin %. This puts Eni SpA in the upper half of its industry. The industry median Pretax Margin % is 5.18. Eni SpA's value of 4.20% is 18.9% below this benchmark. While the company's 10-year median is 9.23 vs. the industry median of 5.18, Eni SpA has consistently been below 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 Oil & Gas company?
The median Pretax Margin % among Oil & Gas companies is 5.18, based on 921 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. Eni SpA's current Pretax Margin % of 4.20% is 18.9% below 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 Eni SpA and its competitors. For the Oil & Gas industry, the median Pretax Margin % is 5.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eni SpA's current Pretax Margin % is 4.20%, which is 54% below median its own 10-year median of 9.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eni SpA stock overvalued right now?
Eni SpA (XSWX:ENI) has a current Pretax Margin % of 4.20%. The stock's GF Value™ is CHF15.91, compared to a current price of CHF21.95 — trading 38% above its estimated fair value. The current Pretax Margin % is 4.20%, which is 54% below median its 10-year median of 9.23 and 18.9% below the Oil & Gas industry median of 5.18. Eni SpA's overall GF Score™ is 57/100 with 4 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 Eni SpA (XSWX:ENI), the current Pretax Margin % is 4.20% 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 Eni SpA (XSWX:ENI) Overvalued in 2026?
Based on GuruFocus' analysis, Eni SpA stock appears to be overvalued.
The current stock price of CHF21.95 is trading 38% above its estimated GF Value™ of CHF15.91.
Key valuation signals for XSWX:ENI:
Pretax Margin %: 4.20% (54% below median its 10-year median of 9.23)
GF Value™: CHF15.91 vs. price of CHF21.95 (38% above fair value)
Industry Position: 18.9% below the Oil & Gas median (#407 of 921)
No single metric tells the full story. See the XSWX:ENI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eni is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2025, the company produced 0.8 million barrels of liquids and 4.6 billion cubic feet of natural gas per day. At year-end 2025, Eni held reserves of 6.9 billion barrels of oil equivalent, 44% of which are liquids. The Italian government owns a 33.1% stake in the company. Plentitude, Eni's renewable and low-carbon business, has 5.8 gigawatts of renewable power capacity, serves 10 million electricity customers, and operates 23,000 electric vehicle charging points.
57GF Score
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