Italgas SpA
MIL:IG

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Italgas SpA
MIL:IG
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Price: 10.305 EUR -1.01% Market Closed
Market Cap: €10.5B

P/E

15.6
Current
104%
More Expensive
vs 3-y average of 7.6

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
15.6
=
Market Cap
€10.8B
/
Net Income
€672.3m

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
15.6
=
Market Cap
€10.8B
/
Net Income
€672.3m

Valuation Scenarios

Italgas SpA is trading above its 3-year average

If P/E returns to its 3-Year Average (7.6), the stock would be worth €5.05 (51% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-57%
Maximum Upside
No Upside Scenarios
Average Downside
40%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 15.6 €10.31
0%
3-Year Average 7.6 €5.05
-51%
5-Year Average 6.8 €4.47
-57%
Industry Average 9 €5.94
-42%
Country Average 13.9 €9.16
-11%

Forward P/E
Today’s price vs future net income

Today's Market Cap Net Income Forward P/E
€10.8B
/
Jan 2026
€672.3m
=
15.6
Current
€10.8B
/
Dec 2026
€772.4m
=
13.9
Forward
€10.8B
/
Dec 2027
€836.8m
=
12.9
Forward
€10.8B
/
Dec 2028
€925.7m
=
11.6
Forward
€10.8B
/
Dec 2029
€991.7m
=
10.9
Forward
€10.8B
/
Dec 2030
€1.1B
=
10.2
Forward
€10.8B
/
Dec 2031
€1.1B
=
9.8
Forward

Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.

Peer Comparison

Market Distribution

In line with most companies in Italy
Percentile
57th
Based on 848 companies
57th percentile
15.6
Low
0 — 9.4
Typical Range
9.4 — 18.9
High
18.9 —
Distribution Statistics
Italy
Min 0
30th Percentile 9.4
Median 13.9
70th Percentile 18.9
Max 1 301.9

Italgas SpA
Glance View

At the heart of Italy's rich tapestry of industrial history lies Italgas SpA, a company that has been channeling energy across the nation since the nineteenth century. Founded in 1837, Italgas has evolved alongside Italy, adapting to the shifting tides of economic and environmental demands. The company specializes in the distribution of natural gas, constructing and operating a vast network of pipelines that thread through urban and rural landscapes. Italgas connects producers and end-users, a crucial link that empowers everything from residential heating to large-scale industrial operations. Through meticulous management of these extensive networks, Italgas ensures a reliable, safe, and efficient delivery of energy, which resonates as the lifeblood of modern society. Revenue generation at Italgas is intrinsically tied to its core utility service. By investing in cutting-edge infrastructure and technological upgrades, such as smart meters and advanced monitoring systems, the company enhances operational efficiency and customer satisfaction. This focus on technological advancement allows Italgas to streamline its distribution processes, reduce waste, and meet regulatory standards for safety and environmental responsibility. Earnings are bolstered by stable, long-term contracts with municipalities and agreements with domestic and industrial consumers, which provide a predictable flow of income. These strategic pillars not only underpin the company's financial robustness but also align it with the broader goals of sustainable energy and innovation.

IG Intrinsic Value
7.793 EUR
Overvaluation 24%
Intrinsic Value
Price €10.305
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