Terna SpAMIL:TRN +0.44%84 Quick Ratio is 0.61 as of Mar. 2026, which is 15% below its 10-year median of 0.72. GuruFocus rates MIL:TRN with a GF Score™ of 84/100 and a GF Value™ of €9.85 (Fairly Valued). The stock has 3 warning signs investors should review. Among 510 Utilities - Regulated companies, Terna SpA ranks worse than 77.25% on this metric.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Terna SpA's quick ratio for the quarter that ended in Mar. 2026 was 0.61.
Terna SpA has a quick ratio of 0.61. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Terna SpA's Quick Ratio or its related term are showing as below:
MIL:TRN'
s Quick Ratio Range Over the Past 10 Years
Min: 0.16 Med: 0.72 Max: 1.32
Current: 0.61
During the past 13 years, Terna SpA's highest Quick Ratio was 1.32. The lowest was 0.16. And the median was 0.72.
MIL:TRN's Quick Ratio is ranked worse than 77.25% of 510
companies
in the Utilities - Regulated industry
Industry Median: 1.005
vs MIL:TRN: 0.61
Terna SpA (MIL:TRN) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Terna SpA Quick Ratio Related Terms
Terna SpA Quick Ratio Historical Data
* Premium members only.
The historical data trend for Terna SpA's Quick 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.
For the Utilities - Regulated Electric subindustry, Terna SpA's Quick Ratio, along with its competitors' market caps and Quick 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.
Terna SpA Quick Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Terna SpA's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Terna SpA's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Terna SpA's Quick Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (MIL:TRN) has a Quick Ratio of 0.61 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Terna SpA and its competitors. This is 15% below median its historical median of 0.72. Over the past decade, Terna SpA's Quick Ratio has ranged from 0.16 to 1.32. According to the industry distribution chart, Terna SpA ranks #394 out of 510 companies in the Utilities - Regulated industry, placing it in the top 77.3%.
Is Terna SpA's Quick Ratio too high?
Terna SpA's current Quick Ratio of 0.61 is 15% below median its 10-year median of 0.72. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 1.32. The Utilities - Regulated industry median Quick Ratio is 1.01. Terna SpA's value of 0.61 is 39.3% below this industry median. Based on the distribution chart, Terna SpA ranks #394 out of 510 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Terna SpA has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Terna SpA's Quick Ratio compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Terna SpA ranks #394 out of 510 companies for Quick Ratio. This places Terna SpA in the lower half of its industry. The industry median Quick Ratio is 1.01. Terna SpA's value of 0.61 is 39.3% below this benchmark. Historically, Terna SpA's own Quick Ratio has ranged from 0.16 to 1.32 over the past decade. While the company's 10-year median is 0.72 vs. the industry median of 1.01, Terna 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 Quick Ratio for an Utilities - Regulated company?
The median Quick Ratio among Utilities - Regulated companies is 1.01, based on 510 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Terna SpA's current Quick Ratio of 0.61 is 39.3% 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Terna SpA and its competitors. For the Utilities - Regulated industry, the median Quick Ratio is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Terna SpA's current Quick Ratio is 0.61, which is 15% below median its own 10-year median of 0.72. 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 (MIL:TRN) is currently considered Fairly Valued. The stock's GF Value™ is €9.85, compared to a current price of €10.27 — trading 4.2% above its estimated fair value. The current Quick Ratio is 0.61, which is 15% below median its 10-year median of 0.72 and 39.3% below the Utilities - Regulated industry median of 1.01. Terna SpA's overall GF Score™ is 84/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Terna SpA (MIL:TRN), the current Quick Ratio is 0.61 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 Terna SpA (MIL:TRN) Overvalued in 2026?
Based on GuruFocus' analysis, Terna SpA stock appears to be overvalued.
The current stock price of €10.27 is trading 4.2% above its estimated GF Value™ of €9.85.
GuruFocus considers Terna SpA to be Fairly Valued.
Key valuation signals for MIL:TRN:
Quick Ratio: 0.61 (15% below median its 10-year median of 0.72)
GF Value™: €9.85 vs. price of €10.27 (4.2% above fair value)
Industry Position: 39.3% below the Utilities - Regulated median (#394 of 510)
No single metric tells the full story. See the MIL:TRN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
84GF Score
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