Snam SpA (MEX:SRGS N) ROCE %: 8.63% (As of Mar. 2026)


MEX:SRGS N Snam SpA MEX:SRGS N
67 GF Score
Price MXN86.11
GF Value MXN66.28
! 10 Warning Signs
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What is Snam SpA ROCE %?

Snam SpA MEX:SRGS N 67 ROCE % is 8.63% as of Mar. 2026. GuruFocus rates MEX:SRGS N with a GF Score™ of 67/100 and a GF Value™ of MXN66.28. The stock has 10 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Snam SpA's annualized ROCE % for the quarter that ended in Mar. 2026 was 8.63%.

Snam SpA  (MEX:SRGS N) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Snam SpA ROCE % Related Terms

Snam SpA ROCE % Historical Data

* Premium members only.

The historical data trend for Snam SpA's ROCE % 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.

Snam SpA ROCE % Chart

Snam SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.14 5.67 8.08 9.68 8.09

Snam SpA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % 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 9.56 8.95 2.77 10.78 8.63
MEX:SRGS N
67GF Score
Snam SpA MEX:SRGS N
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Snam SpA ROCE % Calculation

Snam SpA's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=44887.746/( ( (781575.547 - 222446.241) + (780106.44 - 229836.224) )/ 2 )
=44887.746/( (559129.306+550270.216)/ 2 )
=44887.746/554699.761
=8.09 %

Snam SpA's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=48782.1/( ( (780106.44 - 229836.224) + (604772.979 - 24682.91) )/ 2 )
=48782.1/( ( 550270.216 + 580090.069 )/ 2 )
=48782.1/565180.1425
=8.63 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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 ROCE % →
What does a ROCE % of 8.63% mean?
Snam SpA (MEX:SRGS N) has a ROCE % of 8.63% as of Mar. 2026.
Is Snam SpA's ROCE % too high?
Snam SpA's current ROCE % is 8.63%. The Utilities - Regulated industry median ROCE % is 6.95. Snam SpA's value of 8.63% is 24.2% above this industry median. Overall, Snam SpA has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Snam SpA's ROCE % compare to ATO and NI?
Snam SpA's ROCE % of 8.63% can be compared against companies in the Utilities - Regulated industry. The industry median ROCE % is 6.95. Snam SpA's value of 8.63% is 24.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Utilities - Regulated company?
The median ROCE % among Utilities - Regulated companies is 6.95, based on 505 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Snam SpA's current ROCE % of 8.63% is 24.2% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Utilities - Regulated industry, the median ROCE % is 6.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Snam SpA's current ROCE % is 8.63%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Snam SpA stock overvalued right now?
Snam SpA (MEX:SRGS N) has a current ROCE % of 8.63%. The stock's GF Value™ is MXN66.28, compared to a current price of MXN86.11 — trading 29.9% above its estimated fair value. The current ROCE % is 8.63% and 24.2% above the Utilities - Regulated industry median of 6.95. Snam SpA's overall GF Score™ is 67/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Snam SpA (MEX:SRGS N), the current ROCE % is 8.63% 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 Snam SpA (MEX:SRGS N) Overvalued in 2026?

Based on GuruFocus' analysis, Snam SpA stock appears to be overvalued. The current stock price of MXN86.11 is trading 29.9% above its estimated GF Value™ of MXN66.28.

Key valuation signals for MEX:SRGS N:

  • ROCE %: 8.63%
  • GF Value™: MXN66.28 vs. price of MXN86.11 (29.9% above fair value)
  • GF Score™: 67/100 with 10 warning signs
  • Industry Position: 24.2% above the Utilities - Regulated median

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

Snam SpA Business Description

Address Via Vezza d\'Oglio 6, Symbiosis, Porta Romana district, Milan, ITA, 20139
Snam operates a network of about 38,000 kilometers of natural gas pipelines in Italy and abroad. It also holds 17% of European gas storage capacity and 18.1 billion cubic meters of LNG regasification capacity. Snam is investing in hydrogen, biofuels, carbon capture and storage, and energy efficiencies to prepare for the energy transition. Snam became independent from Eni in 2012 after the latter sold its stake to Cassa Depositi e Prestiti, a financial institution controlled by the Ministry of Economy and Finance.
67GF Score

Get the complete analysis for MEX:SRGS N

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

MXN86.11
Price
MXN66.28
GF Value