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Terna SpAMIL:TRN 84 5-Year Yield-on-Cost % is 5.80 as of Jul. 27, 2026, which is 8% below its 10-year median of 6.33. GuruFocus rates MIL:TRN with a GF Score™ of 84/100 and a GF Value™ of €9.94 (Fairly Valued). The stock has 3 warning signs investors should review. Among 437 Utilities - Regulated companies, Terna SpA ranks better than 70.25% on this metric.
Terna SpA's yield on cost for the quarter that ended in Mar. 2026 was 5.80.
The historical rank and industry rank for Terna SpA's 5-Year Yield-on-Cost % or its related term are showing as below:
MIL:TRN'
s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 5.1 Med: 6.33 Max: 7.72
Current: 5.8
During the past 13 years, Terna SpA's highest Yield on Cost was 7.72. The lowest was 5.10. And the median was 6.33.
MIL:TRN's 5-Year Yield-on-Cost % is ranked better than 70.25% of 437
companies
in the Utilities - Regulated industry
Industry Median: 4.15
vs MIL:TRN: 5.80
Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.
Terna SpA 5-Year Yield-on-Cost % Related Terms
MIL:TRN vs NEE, SO, DUK: 5-Year Yield-on-Cost % Comparison
For the Utilities - Regulated Electric subindustry, Terna SpA's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 5-Year Yield-on-Cost % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Terna SpA's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where Terna SpA's 5-Year Yield-on-Cost % falls into.
Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.
Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.
Therefore, Yield-on-Cost of Terna SpA is calculated as
Terna SpA (MIL:TRN) has a 5-Year Yield-on-Cost % of 5.80 as of Jul. 27, 2026. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Terna SpA and its competitors. This is near median its historical median of 6.33. Over the past decade, Terna SpA's 5-Year Yield-on-Cost % has ranged from 5.10 to 7.72. According to the industry distribution chart, Terna SpA ranks #130 out of 437 companies in the Utilities - Regulated industry, placing it in the top 29.7%.
Is Terna SpA's 5-Year Yield-on-Cost % too high?
Terna SpA's current 5-Year Yield-on-Cost % of 5.80 is near median its 10-year median of 6.33. Over the past 10 years, this metric has ranged from a low of 5.10 to a high of 7.72. The Utilities - Regulated industry median 5-Year Yield-on-Cost % is 4.15. Terna SpA's value of 5.80 is 39.8% above this industry median. Based on the distribution chart, Terna SpA ranks #130 out of 437 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Terna SpA has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Terna SpA's 5-Year Yield-on-Cost % compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Terna SpA ranks #130 out of 437 companies for 5-Year Yield-on-Cost %. This puts Terna SpA in the upper half of its industry. The industry median 5-Year Yield-on-Cost % is 4.15. Terna SpA's value of 5.80 is 39.8% above this benchmark. Historically, Terna SpA's own 5-Year Yield-on-Cost % has ranged from 5.10 to 7.72 over the past decade. While the company's 10-year median is 6.33 vs. the industry median of 4.15, Terna 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 5-Year Yield-on-Cost % for an Utilities - Regulated company?
The median 5-Year Yield-on-Cost % among Utilities - Regulated companies is 4.15, based on 437 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year Yield-on-Cost % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year Yield-on-Cost % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Terna SpA's current 5-Year Yield-on-Cost % of 5.80 is 39.8% 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 5-Year Yield-on-Cost % mean?
A high 5-Year Yield-on-Cost % can signal that a stock is expensive relative to its fundamentals. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Terna SpA and its competitors. For the Utilities - Regulated industry, the median 5-Year Yield-on-Cost % is 4.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Terna SpA's current 5-Year Yield-on-Cost % is 5.80, which is near median its own 10-year median of 6.33. 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 €9.94, compared to a current price of €10.37 — trading 4.3% above its estimated fair value. The current 5-Year Yield-on-Cost % is 5.80, which is near median its 10-year median of 6.33 and 39.8% above the Utilities - Regulated industry median of 4.15. Terna SpA's overall GF Score™ is 84/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 5-Year Yield-on-Cost % calculated?
5-Year Yield-on-Cost % is calculated from a company's financial statements. For Terna SpA (MIL:TRN), the current 5-Year Yield-on-Cost % is 5.80 as of Jul. 27, 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 €10.37 is trading 4.3% above its estimated GF Value™ of €9.94.
GuruFocus considers Terna SpA to be Fairly Valued.
Key valuation signals for MIL:TRN:
5-Year Yield-on-Cost %: 5.80 (near median its 10-year median of 6.33)
GF Value™: €9.94 vs. price of €10.37 (4.3% above fair value)
Industry Position: 39.8% above the Utilities - Regulated median (#130 of 437)
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 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.
84GF Score
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