Terna SpA (MIL:TRN) ROE % Adjusted to Book Value: 5.97% (As of Mar. 2026)


MIL:TRN Terna SpA MIL:TRN
86 GF Score
Price €10.10
GF Value €9.86
Valuation Fairly Valued
! 3 Warning Signs
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What is Terna SpA ROE % Adjusted to Book Value?

Terna SpA MIL:TRN -1.42% 86 ROE % Adjusted to Book Value is 5.97% as of Mar. 2026. GuruFocus rates MIL:TRN with a GF Score™ of 86/100 and a GF Value™ of €9.86 (Fairly Valued). The stock has 3 warning signs investors should review.

Terna SpA's ROE % for the quarter that ended in Mar. 2026 was 13.25%. Terna SpA's PB Ratio for the quarter that ended in Mar. 2026 was 2.22. Terna SpA's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 5.97%.


Terna SpA ROE % Adjusted to Book Value Related Terms


Terna SpA ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Terna SpA's ROE % Adjusted to Book Value 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.

Terna SpA ROE % Adjusted to Book Value Chart

Terna SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.72 7.04 5.92 7.56 6.23

Terna SpA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value 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 6.66 7.01 6.22 5.71 5.97

MIL:TRN vs NEE, SO, DUK: ROE % Adjusted to Book Value Comparison

For the Utilities - Regulated Electric subindustry, Terna SpA's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Terna SpA's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Terna SpA's ROE % Adjusted to Book Value falls into.


MIL:TRN
86GF Score
Terna SpA MIL:TRN
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Terna SpA ROE % Adjusted to Book Value Calculation

Terna SpA's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=14.51% / 2.33
=6.23%

Terna SpA's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=13.25% / 2.22
=5.97%

* 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.

What does a ROE % Adjusted to Book Value of 5.97% mean?
Terna SpA (MIL:TRN) has a ROE % Adjusted to Book Value of 5.97% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Terna SpA and its competitors.
Is Terna SpA's ROE % Adjusted to Book Value too high?
Terna SpA's current ROE % Adjusted to Book Value is 5.97%. Overall, Terna SpA has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Terna SpA's ROE % Adjusted to Book Value compare to NEE and SO?
Terna SpA's ROE % Adjusted to Book Value of 5.97% can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for an Utilities - Regulated company?
A good ROE % Adjusted to Book Value depends on the Utilities - Regulated industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Terna SpA and its competitors. Terna SpA's current ROE % Adjusted to Book Value is 5.97%. 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 €9.86, compared to a current price of €10.10 — trading 2.4% above its estimated fair value. The current ROE % Adjusted to Book Value is 5.97%. Terna SpA's overall GF Score™ is 86/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Terna SpA (MIL:TRN), the current ROE % Adjusted to Book Value is 5.97% 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 €10.10 is trading 2.4% above its estimated GF Value™ of €9.86. GuruFocus considers Terna SpA to be Fairly Valued.

Key valuation signals for MIL:TRN:

  • ROE % Adjusted to Book Value: 5.97%
  • GF Value™: €9.86 vs. price of €10.10 (2.4% above fair value)
  • GF Score™: 86/100 with 3 warning signs

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 Business Description

Address Viale Egidio Galbani 70, Rome, ITA, 00156
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.
86GF Score

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

€10.10
Price
€9.86
GF Value