Enel SpAENLAY -0.80%67 ROE % is 21.94% as of Mar. 2026, which is 101% above its 10-year median of 10.93. GuruFocus rates ENLAY with a GF Score™ of 67/100 and a GF Value™ of $7.55 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 503 Utilities - Regulated companies, Enel SpA ranks better than 67.59% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Enel SpA's annualized net income for the quarter that ended in Mar. 2026 was $8,606 Mil. Enel SpA's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was $39,232 Mil. Therefore, Enel SpA's annualized ROE % for the quarter that ended in Mar. 2026 was 21.94%.
The historical rank and industry rank for Enel SpA's ROE % or its related term are showing as below:
ENLAY'
s ROE % Range Over the Past 10 Years
Min: 5.77 Med: 10.93 Max: 21.43
Current: 11.7
During the past 13 years, Enel SpA's highest ROE % was 21.43%. The lowest was 5.77%. And the median was 10.93%.
ENLAY's ROE % is ranked better than 67.59% of 503
companies
in the Utilities - Regulated industry
Industry Median: 8.62
vs ENLAY: 11.70
Enel SpA (OTCPK:ENLAY) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Enel SpA ROE % Related Terms
Enel SpA ROE % Historical Data
* Premium members only.
The historical data trend for Enel SpA's ROE % 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 - Diversified subindustry, Enel SpA's ROE %, along with its competitors' market caps and ROE % 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.
Enel SpA ROE % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Enel SpA's ROE % distribution charts can be found below:
* The bar in red indicates where Enel SpA's ROE % 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Enel SpA (ENLAY) has a ROE % of 21.94% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Enel SpA and its competitors. This is 101% above median its historical median of 10.93. Over the past decade, Enel SpA's ROE % has ranged from 5.77 to 21.43. According to the industry distribution chart, Enel SpA ranks #163 out of 503 companies in the Utilities - Regulated industry, placing it in the top 32.4%.
Is Enel SpA's ROE % too high?
Enel SpA's current ROE % of 21.94% is 101% above median its 10-year median of 10.93. Over the past 10 years, this metric has ranged from a low of 5.77 to a high of 21.43. The Utilities - Regulated industry median ROE % is 8.62. Enel SpA's value of 21.94% is 154.5% above this industry median. Based on the distribution chart, Enel SpA ranks #163 out of 503 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Enel SpA has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Enel SpA's ROE % compare to SRE?
According to the Utilities - Regulated industry distribution chart, Enel SpA ranks #163 out of 503 companies for ROE %. This puts Enel SpA in the upper half of its industry. The industry median ROE % is 8.62. Enel SpA's value of 21.94% is 154.5% above this benchmark. Historically, Enel SpA's own ROE % has ranged from 5.77 to 21.43 over the past decade. While the company's 10-year median is 10.93 vs. the industry median of 8.62, Enel SpA has consistently been above 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 ROE % for an Utilities - Regulated company?
The median ROE % among Utilities - Regulated companies is 8.62, based on 503 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Enel SpA's current ROE % of 21.94% is 154.5% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Enel SpA and its competitors. For the Utilities - Regulated industry, the median ROE % is 8.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Enel SpA's current ROE % is 21.94%, which is 101% above median its own 10-year median of 10.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enel SpA stock overvalued right now?
Based on GuruFocus' analysis, Enel SpA (ENLAY) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.55, compared to a current price of $11.16 — trading 47.8% above its estimated fair value. The current ROE % is 21.94%, which is 101% above median its 10-year median of 10.93 and 154.5% above the Utilities - Regulated industry median of 8.62. Enel 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Enel SpA (ENLAY), the current ROE % is 21.94% 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 Enel SpA (ENLAY) Overvalued in 2026?
Based on GuruFocus' analysis, Enel SpA stock appears to be overvalued.
The current stock price of $11.16 is trading 47.8% above its estimated GF Value™ of $7.55.
GuruFocus considers Enel SpA to be Significantly Overvalued.
Key valuation signals for ENLAY:
ROE %: 21.94% (101% above median its 10-year median of 10.93)
GF Value™: $7.55 vs. price of $11.16 (47.8% above fair value)
Industry Position: 154.5% above the Utilities - Regulated median (#163 of 503)
No single metric tells the full story. See the ENLAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Enel is a diversified energy company domiciled in Italy. Operations are concentrated in Italy, Spain, and Latin America. The firm's primary activities are electric generation, electric networks, and gas and electricity marketing. Around 35% of the company's EBITDA is derived from its regulated networks, the rest is from generation and supply. Enel is a giant in global power generation with 81 gigawatts of capacity, of which 56 GW is renewables, including a large share of hydro.
67GF Score
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