SNMRF (Snam SpA) Total Operating Expense: $2,358 Mil (TTM As of Mar. 2026)


SNMRF Snam SpA SNMRF
75 GF Score
Price $7.42
GF Value $5.86
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Snam SpA Total Operating Expense?

Snam SpA SNMRF +7.84% 75 Total Operating Expense is $2,358 Mil as of Mar. 2026. GuruFocus rates SNMRF with a GF Score™ of 75/100 and a GF Value™ of $5.86 (Significantly Overvalued). The stock has 10 warning signs investors should review.

Snam SpA's Total Operating Expense for the three months ended in Mar. 2026 was $339 Mil. Snam SpA's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was $2,358 Mil.

Snam SpA Total Operating Expense Related Terms

Snam SpA Total Operating Expense Historical Data

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The historical data trend for Snam SpA's Total Operating Expense 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 Total Operating Expense Chart

Snam SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,590.96 1,720.34 2,152.67 2,175.92 2,332.55

Snam SpA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense 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 280.00 644.75 9.39 1,365.34 338.73
SNMRF
75GF Score
Snam SpA SNMRF
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Snam SpA Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,358 Mil.

* 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 Total Operating Expense of $2,358 Mil mean?
Snam SpA (SNMRF) has a Total Operating Expense of $2,358 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Snam SpA and its competitors.
Is Snam SpA's Total Operating Expense too high?
Snam SpA's current Total Operating Expense is $2,358 Mil. Overall, Snam SpA has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Snam SpA's Total Operating Expense compare to ATO and NI?
Snam SpA's Total Operating Expense of $2,358 Mil 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 Total Operating Expense for an Utilities - Regulated company?
A good Total Operating Expense depends on the Utilities - Regulated industry context. However, Total Operating Expense 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Snam SpA and its competitors. Snam SpA's current Total Operating Expense is $2,358 Mil. 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?
Based on GuruFocus' analysis, Snam SpA (SNMRF) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.86, compared to a current price of $7.42 — trading 26.7% above its estimated fair value. The current Total Operating Expense is $2,358 Mil. Snam SpA's overall GF Score™ is 75/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Snam SpA (SNMRF), the current Total Operating Expense is $2,358 Mil 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 (SNMRF) Overvalued in 2026?

Based on GuruFocus' analysis, Snam SpA stock appears to be overvalued. The current stock price of $7.42 is trading 26.7% above its estimated GF Value™ of $5.86. GuruFocus considers Snam SpA to be Significantly Overvalued.

Key valuation signals for SNMRF:

  • Total Operating Expense: $2,358 Mil
  • GF Value™: $5.86 vs. price of $7.42 (26.7% above fair value)
  • GF Score™: 75/100 with 10 warning signs

No single metric tells the full story. See the SNMRF 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.
75GF Score

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

$7.42
Price
$5.86
GF Value