30 years of historical data (1995–2024) · Energy · Oil & Gas Integrated
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Eni S.p.A. trades at 24.3x earnings, 136% above its 5-year average of 10.3x, sitting at the 96th percentile of its historical range. Compared to the Energy sector median P/E of 16.8x, the stock trades at a premium of 45%. On a free-cash-flow basis, the stock trades at 11.5x P/FCF, 74% below the 5-year average of 44.7x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $69.1B | $44.2B | $56.6B | $50.0B | $49.4B | $36.8B | $55.6B | $56.8B | $59.8B | $58.0B | $53.6B |
| Enterprise Value | $100.7B | $71.0B | $79.7B | $71.7B | $74.3B | $64.1B | $82.8B | $71.8B | $77.1B | $79.6B | $76.2B |
| P/E Ratio → | 24.27 | 16.68 | 12.15 | 3.63 | 8.64 | — | 375.73 | 13.82 | 17.65 | — | — |
| P/S Ratio | 0.66 | 0.50 | 0.60 | 0.38 | 0.65 | 0.84 | 0.80 | 0.75 | 0.89 | 1.04 | 0.74 |
| P/B Ratio | 1.15 | 0.79 | 1.05 | 0.91 | 1.11 | 0.80 | 1.03 | 1.11 | 1.24 | 1.09 | 1.00 |
| P/FCF | 11.50 | 8.68 | 9.58 | 5.32 | 6.48 | 193.67 | 13.86 | 12.54 | 41.64 | — | 154.60 |
| P/OCF | 4.48 | 3.38 | 3.74 | 2.86 | 3.84 | 7.63 | 4.49 | 4.16 | 5.91 | 7.57 | 4.51 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Eni S.p.A.'s enterprise value stands at 6.7x EBITDA, roughly in line with its 5-year average of 6.6x. The Energy sector median is 7.3x, placing the stock at a 8% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.80 | 0.85 | 0.54 | 0.97 | 1.46 | 1.18 | 0.95 | 1.15 | 1.43 | 1.05 |
| EV / EBITDA | 6.65 | 5.53 | 5.06 | 2.90 | 3.83 | 15.90 | 5.69 | 4.23 | 4.98 | 8.19 | 13.00 |
| EV / EBIT | 16.30 | 4.59 | 4.35 | 2.29 | 4.99 | — | 8.43 | 4.86 | 6.06 | 11.14 | 13.09 |
| EV / FCF | — | 13.95 | 13.50 | 7.63 | 9.74 | 337.22 | 20.61 | 15.85 | 53.71 | — | 219.66 |
Margins and return-on-capital ratios measuring operating efficiency
Eni S.p.A. earns an operating margin of 5.9%, below the Energy sector average of 13.9%. Operating margins have compressed from 13.2% to 5.9% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 4.8% is modest, trailing the sector median of 8.2%. ROIC of 4.9% represents below-average returns on invested capital versus a sector median of 6.8%.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 11.4% | 11.4% | 13.2% | 17.2% | 18.2% | 7.1% | 15.6% | 17.4% | 11.8% | 8.8% | 9.0% |
| Operating Margin | 5.9% | 5.9% | 8.8% | 13.2% | 16.1% | -7.4% | 9.2% | 13.2% | 12.0% | 3.9% | -4.3% |
| Net Profit Margin | 3.0% | 3.0% | 5.1% | 10.5% | 7.6% | -19.6% | 0.2% | 5.4% | 5.0% | -2.6% | -12.1% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.8% | 4.8% | 8.8% | 27.8% | 12.9% | -17.3% | 0.3% | 8.3% | 6.7% | -2.7% | -18.2% |
| ROA | 1.8% | 1.8% | 3.2% | 9.6% | 4.2% | -6.1% | 0.1% | 3.5% | 2.8% | -1.1% | -8.0% |
| ROIC | 4.9% | 4.9% | 8.1% | 17.9% | 13.0% | -3.2% | 6.6% | 11.4% | 8.6% | 2.1% | -3.3% |
| ROCE | 4.9% | 4.9% | 8.0% | 17.7% | 12.1% | -3.0% | 6.4% | 11.1% | 8.6% | 2.2% | -3.8% |
Solvency and debt-coverage ratios — lower is generally safer
Eni S.p.A. carries a Debt/EBITDA ratio of 2.7x, which is moderately leveraged (9% above the sector average of 2.5x). Net debt stands at $26.8B ($35.0B total debt minus $8.2B cash). Interest coverage of 3.9x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.63 | 0.63 | 0.62 | 0.58 | 0.74 | 0.85 | 0.63 | 0.51 | 0.51 | 0.51 | 0.52 |
| Debt / EBITDA | 2.72 | 2.72 | 2.10 | 1.29 | 1.71 | 9.63 | 2.33 | 1.52 | 1.59 | 2.80 | 4.74 |
| Net Debt / Equity | — | 0.48 | 0.43 | 0.39 | 0.56 | 0.59 | 0.50 | 0.29 | 0.36 | 0.41 | 0.42 |
| Net Debt / EBITDA | 2.09 | 2.09 | 1.47 | 0.88 | 1.28 | 6.77 | 1.87 | 0.89 | 1.12 | 2.22 | 3.85 |
| Debt / FCF | — | 5.27 | 3.92 | 2.31 | 3.26 | 143.55 | 6.76 | 3.32 | 12.08 | — | 65.06 |
| Interest Coverage | 3.93 | 3.93 | 8.03 | 19.66 | 13.56 | -3.93 | 5.78 | 10.22 | 7.84 | 2.13 | -3.13 |
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.14x means Eni S.p.A. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.27x to 1.14x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.14 | 1.14 | 1.28 | 1.27 | 1.34 | 1.39 | 1.18 | 1.40 | 1.48 | 1.37 | 1.58 |
| Quick Ratio | 0.98 | 0.98 | 1.12 | 1.11 | 1.20 | 1.22 | 1.02 | 1.23 | 1.29 | 1.20 | 1.47 |
| Cash Ratio | 0.39 | 0.39 | 0.43 | 0.41 | 0.44 | 0.63 | 0.43 | 0.62 | 0.55 | 0.44 | 0.29 |
| Asset Turnover | — | 0.60 | 0.66 | 0.87 | 0.56 | 0.32 | 0.49 | 0.64 | 0.58 | 0.45 | 0.54 |
| Inventory Turnover | 12.58 | 12.58 | 13.15 | 14.23 | 10.31 | 8.58 | 11.10 | 13.46 | 12.77 | 10.96 | 16.85 |
| Days Sales Outstanding | — | 51.56 | 70.53 | 50.13 | 83.00 | 117.37 | 81.09 | 71.50 | 88.37 | 73.75 | 64.16 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Eni S.p.A. returns 8.4% to shareholders annually — split between a 5.0% dividend yield and 3.4% buyback yield. The payout ratio exceeds 100% at 122.1%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 4.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 5.0% | 7.3% | 5.4% | 6.0% | 4.8% | 5.3% | 5.4% | 5.2% | 4.8% | 5.0% | 6.4% |
| Payout Ratio | 122.1% | 122.1% | 63.8% | 21.7% | 40.5% | — | 2039.2% | 71.6% | 85.4% | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.1% | 6.0% | 8.2% | 27.6% | 11.6% | — | 0.3% | 7.2% | 5.7% | — | — |
| FCF Yield | 8.7% | 11.5% | 10.4% | 18.8% | 15.4% | 0.5% | 7.2% | 8.0% | 2.4% | — | 0.6% |
| Buyback Yield | 3.4% | 4.6% | 3.2% | 4.8% | 0.8% | 0.0% | 0.7% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 8.4% | 11.8% | 8.6% | 10.8% | 5.6% | 5.3% | 6.1% | 5.2% | 4.8% | 5.0% | 6.4% |
| Shares Outstanding | — | $1.6B | $1.7B | $1.7B | $1.8B | $1.8B | $1.8B | $1.8B | $1.8B | $1.8B | $1.8B |
Compare E with 5 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| EYou | $69B | 24.3 | 6.7 | 11.5 | 11.4% | 5.9% | 4.8% | 4.9% | 2.7 |
| SHEL | $236B | 13.9 | 5.9 | 10.8 | 16.7% | 11.5% | 10.1% | 9.9% | 2.0 |
| TTE | $172B | 13.3 | 5.8 | 15.9 | 11.5% | 11.5% | 11.5% | 10.9% | 1.7 |
| BP | $100B | 1904.9 | 4.4 | 8.8 | 17.4% | 8.2% | 0.1% | 9.8% | 2.5 |
| EQNR | $74B | 15.3 | 2.8 | 12.4 | 26.8% | 25.7% | 12.2% | 30.7% | 0.9 |
| SLNG | $105M | 22.6 | 10.0 | 23.1 | 19.2% | 4.6% | 7.1% | 3.8% | 0.9 |
| Energy Median | — | 16.8 | 7.3 | 11.5 | 35.3% | 13.9% | 8.2% | 6.8% | 2.5 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 30 years · Updated daily
Eni S.p.A.'s current P/E ratio is 24.3x. The historical average is 14.7x. This places it at the 96th percentile of its historical range.
Eni S.p.A.'s current EV/EBITDA is 6.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.1x.
Eni S.p.A.'s return on equity (ROE) is 4.8%. The historical average is 12.5%.
Based on historical data, Eni S.p.A. is trading at a P/E of 24.3x. This is at the 96th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Eni S.p.A.'s current dividend yield is 4.99% with a payout ratio of 122.1%.
Eni S.p.A. has 11.4% gross margin and 5.9% operating margin.
Eni S.p.A.'s Debt/EBITDA ratio is 2.7x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.