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Eni S.p.A. ENI.MI

IT · Borsa Italiana · XMIL · stock · Energy · website

Eni S.p.A. statistics & valuation

Market cap€68.6B
P / E26.3×
P / S0.8×
P / B1.4×
P / FCF16.7×
Net margin3.2%
FCF margin5.0%
Net debt€26.1B
Enterprise value USD$109.3B
Earnings yield EBIT/EV4.8%
Return on capital4.5%
Graham number -28.1%€17.05

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (€17.05); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
10.50% 5.10% 3.00% 3.20% 2022202320242025
Gross margin (%)
17.20% 13.20% 11.40% 9.40% 2022202320242025
Operating margin (%)
14.90% 9.60% 7.50% 5.50% 2022202320242025
Return on equity (%)
25.40% 9.00% 5.00% 5.40% 2022202320242025
Shares outstanding
2.89B 2.89B 2.89B 2.89B 2022202320242025
Net debt (€)
€21.81B €24.08B €28.71B €26.10B 2022202320242025
Share buybacks (€)
€2.40B €1.80B €2.01B €1.90B 2022202320242025
Return on assets (%)
9.10% 3.30% 1.80% 1.90% 2022202320242025
Free cash flow margin (%)
7.10% 6.30% 5.20% 5.00% 2022202320242025
Debt / equity (×)
0.58× 0.64× 0.70× 0.71× 2022202320242025
EPS (€)
€3.95 €1.40 €0.78 €0.78 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Eni S.p.A. trades at about 30.4× earnings — above its 10-year norm (10-year range 3.6×–22.1×, median 17.6×).

3.6× 30.4×

Shaded band = 10-year range (3.6×–22.1×); dot = today's 30.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin9.4%11.4%13.2%17.2%
Operating margin5.5%7.5%9.6%14.9%
Net margin3.2%3.0%5.1%10.5%
FCF margin5.0%5.2%6.3%7.1%
Return on assets1.9%1.8%3.3%9.1%
Return on equity5.4%5.0%9.0%25.4%
Debt / equity0.42×0.41×0.41×0.35×
Current ratio1.331.141.281.25

Computed from company filings · IT · as of 2025-12-31. Figures in EUR. Facts plus Stocktoria's own computed scores — not investment advice.