Stocktoria

ERG S.p.A. ERG.MI

IT · Borsa Italiana · XMIL · stock · Utilities · website

ERG S.p.A. statistics & valuation

Market cap€3.5B
P / E53.4×
P / S4.7×
P / B1.8×
P / FCF15.0×
Net margin8.7%
FCF margin31.2%
Net debt€2.2B
Enterprise value USD$6.5B
Earnings yield EBIT/EV4%
Return on capital4.6%
Graham number -51%€11.71

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 (€11.71); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
53.10% 24.10% 25.50% 8.70% 2022202320242025
Gross margin (%)
92.30% 91.90% 89.40% 89.20% 2022202320242025
Operating margin (%)
37.00% 39.80% 33.10% 30.70% 2022202320242025
Return on equity (%)
18.50% 8.40% 8.70% 3.30% 2022202320242025
Shares outstanding
145.4M 145.4M 145.4M 145.4M 2022202320242025
Net debt (€)
€1.89B €1.87B €2.48B €2.21B 2022202320242025
Share buybacks (€)
€0 €61.4M €47.3M €11.8M 2022202320242025
Return on assets (%)
7.30% 3.40% 3.00% 1.20% 2022202320242025
Free cash flow margin (%)
49.00% 77.80% 34.20% 31.20% 2022202320242025
Debt / equity (×)
1.12× 1.10× 1.44× 1.33× 2022202320242025
EPS (€)
€2.53 €1.49 €1.20 €0.45 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

ERG S.p.A. trades at about 53.4× earnings — above its 10-year norm (10-year range 10.9×–50.2×, median 18.3×).

10.9× 53.4×

Shaded band = 10-year range (10.9×–50.2×); dot = today's 53.4×.

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 margin89.2%89.4%91.9%92.3%
Operating margin30.7%33.1%39.8%37.0%
Net margin8.7%25.5%24.1%53.1%
FCF margin31.2%34.2%77.8%49.0%
Return on assets1.2%3.0%3.4%7.3%
Return on equity3.3%8.7%8.4%18.5%
Debt / equity1.08×1.00×0.94×0.86×
Current ratio1.401.152.401.56

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