Italgas SpA (MIL:IG) ROCE %: 8.41% (As of Mar. 2026)


MIL:IG Italgas SpA MIL:IG
76 GF Score
Price €10.33
GF Value €8.19
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Italgas SpA ROCE %?

Italgas SpA MIL:IG -0.05% 76 ROCE % is 8.41% as of Mar. 2026. 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.

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. Italgas SpA's annualized ROCE % for the quarter that ended in Mar. 2026 was 8.41%.

Italgas SpA  (MIL:IG) 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.

Italgas SpA ROCE % Related Terms

Italgas SpA ROCE % Historical Data

* Premium members only.

The historical data trend for Italgas 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.

Italgas SpA ROCE % Chart

Italgas 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 7.07 6.95 7.16 8.49 9.45

Italgas SpA Quarterly Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 11.08 9.67 8.22 7.53 8.41
MIL:IG
76GF Score
Italgas SpA MIL:IG
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Italgas SpA ROCE % Calculation

Italgas 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 )
=1221.013/( ( (11972.341 - 2204.803) + (18870.029 - 2799.453) )/ 2 )
=1221.013/( (9767.538+16070.576)/ 2 )
=1221.013/12919.057
=9.45 %

Italgas 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 )
=1324.4/( ( (18870.029 - 2799.453) + (17960 - 2534.2) )/ 2 )
=1324.4/( ( 16070.576 + 15425.8 )/ 2 )
=1324.4/15748.188
=8.41 %

(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 8.41% mean?
Italgas SpA (MIL:IG) has a ROCE % of 8.41% as of Mar. 2026.
Is Italgas SpA's ROCE % too high?
Italgas SpA's current ROCE % is 8.41%. The Utilities - Regulated industry median ROCE % is 6.91. Italgas SpA's value of 8.41% is 21.7% above this industry median. 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 ROCE % compare to ATO and NI?
Italgas SpA's ROCE % of 8.41% can be compared against companies in the Utilities - Regulated industry. The industry median ROCE % is 6.91. Italgas SpA's value of 8.41% is 21.7% 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 6.91, based on 504 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. Italgas SpA's current ROCE % of 8.41% is 21.7% 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 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 6.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Italgas SpA's current ROCE % is 8.41%. 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 ROCE % is 8.41% and 21.7% above the Utilities - Regulated industry median of 6.91. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Italgas SpA (MIL:IG), the current ROCE % is 8.41% 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:

  • ROCE %: 8.41%
  • GF Value™: €8.19 vs. price of €10.33 (26.1% above fair value)
  • GF Score™: 76/100 with 9 warning signs
  • Industry Position: 21.7% above the Utilities - Regulated median

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 Business Description

Address Via Carlo Bo 11, Milano, ITA, 20143
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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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€10.33
Price
€8.19
GF Value