Eni S.p.A. (E) Financial Ratios
30 years of historical data (1996–2025) · Energy · Oil & Gas Integrated
EV/EBITDA
↑
7.66
↑+58% vs avg
5yr avg: 4.86
30Y Low2.9·High15.9
P/FCF
↑
15.20
↑+76% vs avg
5yr avg: 8.65
30Y Low5.3·High193.7
P/B Ratio
↑
1.34
↑+35% vs avg
5yr avg: 0.99
30Y Low0.8·High3.1
ROE
↓
4.6%
↑-61% vs avg
5yr avg: 11.8%
30Y Low-18%·High29%
Debt/EBITDA
↑
3.02
↑+39% vs avg
5yr avg: 2.17
30Y Low0.5·High9.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
E Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Eni S.p.A. trades at 30.6x earnings, 131% above its 5-year average of 13.3x, sitting at the 96th percentile of its historical range. Compared to the Energy sector median P/E of 16.9x, the stock trades at a premium of 82%. On a free-cash-flow basis, the stock trades at 15.2x P/FCF, 76% above the 5-year average of 8.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $79.3B | $58.6B | $44.2B | $56.6B | $50.0B | $49.4B | $36.8B | $55.6B | $56.8B | $59.8B | $58.0B |
| Enterprise Value | $115.1B | $89.1B | $71.0B | $79.7B | $71.7B | $74.3B | $64.1B | $82.8B | $71.8B | $77.1B | $79.6B |
| P/E Ratio → | 30.62 | 25.29 | 16.68 | 12.15 | 3.63 | 8.64 | — | 375.73 | 13.82 | 17.65 | — |
| P/S Ratio | 0.86 | 0.74 | 0.50 | 0.60 | 0.38 | 0.65 | 0.84 | 0.80 | 0.75 | 0.89 | 1.04 |
| P/B Ratio | 1.34 | 1.11 | 0.79 | 1.05 | 0.91 | 1.11 | 0.80 | 1.03 | 1.11 | 1.24 | 1.09 |
| P/FCF | 15.20 | 13.18 | 8.68 | 9.58 | 5.32 | 6.48 | 193.67 | 13.86 | 12.54 | 41.64 | — |
| P/OCF | 5.28 | 4.58 | 3.38 | 3.74 | 2.86 | 3.84 | 7.63 | 4.49 | 4.16 | 5.91 | 7.57 |
P/E links to full P/E history page with 30-year chart
E EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Eni S.p.A.'s enterprise value stands at 7.7x EBITDA, 58% above its 5-year average of 4.9x. The Energy sector median is 8.1x, placing the stock at a 6% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.13 | 0.80 | 0.85 | 0.54 | 0.97 | 1.46 | 1.18 | 0.95 | 1.15 | 1.43 |
| EV / EBITDA | 7.66 | 6.96 | 5.53 | 5.06 | 2.90 | 3.83 | 15.90 | 5.69 | 4.23 | 4.98 | 8.19 |
| EV / EBIT | 17.06 | 15.50 | 4.59 | 4.35 | 2.29 | 4.99 | — | 8.43 | 4.86 | 6.06 | 11.14 |
| EV / FCF | — | 20.05 | 13.95 | 13.50 | 7.63 | 9.74 | 337.22 | 20.61 | 15.85 | 53.71 | — |
E Profitability
Margins and return-on-capital ratios measuring operating efficiency
Eni S.p.A. earns an operating margin of 7.3%, below the Energy sector average of 14.5%. Operating margins have compressed from 8.8% to 7.3% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 4.6% is modest, trailing the sector median of 7.9%. ROIC of 5.2% represents adequate returns on invested capital versus a sector median of 6.4%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 5.5% | 5.5% | 11.4% | 13.2% | 17.2% | 18.2% | 7.1% | 15.6% | 17.4% | 11.8% | 8.8% |
| Operating Margin | 7.3% | 7.3% | 5.9% | 8.8% | 13.2% | 16.1% | -7.4% | 9.2% | 13.2% | 12.0% | 3.9% |
| Net Profit Margin | 3.2% | 3.2% | 3.0% | 5.1% | 10.5% | 7.6% | -19.6% | 0.2% | 5.4% | 5.0% | -2.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.6% | 4.6% | 4.8% | 8.8% | 27.8% | 12.9% | -17.3% | 0.3% | 8.3% | 6.7% | -2.7% |
| ROA | 1.8% | 1.8% | 1.8% | 3.2% | 9.6% | 4.2% | -6.1% | 0.1% | 3.5% | 2.8% | -1.1% |
| ROIC | 5.2% | 5.2% | 4.9% | 8.1% | 17.9% | 13.0% | -3.2% | 6.6% | 11.4% | 8.6% | 2.1% |
| ROCE | 5.4% | 5.4% | 4.9% | 8.0% | 17.7% | 12.1% | -3.0% | 6.4% | 11.1% | 8.6% | 2.2% |
E Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Eni S.p.A. carries a Debt/EBITDA ratio of 3.0x, which is moderately leveraged (25% above the sector average of 2.4x). Net debt stands at $30.5B ($38.6B total debt minus $8.1B cash). Interest coverage of just 0.7x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.73 | 0.73 | 0.63 | 0.62 | 0.58 | 0.74 | 0.85 | 0.63 | 0.51 | 0.51 | 0.51 |
| Debt / EBITDA | 3.02 | 3.02 | 2.72 | 2.10 | 1.29 | 1.71 | 9.63 | 2.33 | 1.52 | 1.59 | 2.80 |
| Net Debt / Equity | — | 0.58 | 0.48 | 0.43 | 0.39 | 0.56 | 0.59 | 0.50 | 0.29 | 0.36 | 0.41 |
| Net Debt / EBITDA | 2.38 | 2.38 | 2.09 | 1.47 | 0.88 | 1.28 | 6.77 | 1.87 | 0.89 | 1.12 | 2.22 |
| Debt / FCF | — | 6.87 | 5.27 | 3.92 | 2.31 | 3.26 | 143.55 | 6.76 | 3.32 | 12.08 | — |
| Interest Coverage | 0.73 | 0.73 | 11.60 | 17.83 | 35.23 | 16.37 | -1.22 | 8.84 | 15.12 | 12.46 | 7.05 |
E Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.17x means Eni S.p.A. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.28x to 1.17x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.17 | 1.17 | 1.14 | 1.28 | 1.27 | 1.34 | 1.39 | 1.18 | 1.40 | 1.48 | 1.37 |
| Quick Ratio | 1.02 | 1.02 | 0.98 | 1.12 | 1.11 | 1.20 | 1.22 | 1.02 | 1.23 | 1.29 | 1.20 |
| Cash Ratio | 0.44 | 0.44 | 0.39 | 0.43 | 0.41 | 0.44 | 0.63 | 0.43 | 0.62 | 0.55 | 0.44 |
| Asset Turnover | — | 0.58 | 0.60 | 0.66 | 0.87 | 0.56 | 0.32 | 0.49 | 0.64 | 0.58 | 0.45 |
| Inventory Turnover | 14.51 | 14.51 | 12.58 | 13.15 | 14.23 | 10.31 | 8.58 | 11.10 | 13.46 | 12.77 | 10.96 |
| Days Sales Outstanding | — | 59.99 | 51.56 | 70.53 | 50.13 | 83.00 | 117.37 | 81.09 | 71.50 | 88.37 | 73.75 |
E Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Eni S.p.A. returns 6.9% to shareholders annually — split between a 4.2% dividend yield and 2.7% buyback yield. The payout ratio exceeds 100% at 118.1%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 3.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.2% | 5.1% | 7.3% | 5.4% | 6.0% | 4.8% | 5.3% | 5.4% | 5.2% | 4.8% | 5.0% |
| Payout Ratio | 118.1% | 118.1% | 122.1% | 63.8% | 21.7% | 40.5% | — | 2039.2% | 71.6% | 85.4% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.3% | 4.0% | 6.0% | 8.2% | 27.6% | 11.6% | — | 0.3% | 7.2% | 5.7% | — |
| FCF Yield | 6.6% | 7.6% | 11.5% | 10.4% | 18.8% | 15.4% | 0.5% | 7.2% | 8.0% | 2.4% | — |
| Buyback Yield | 2.7% | 3.1% | 4.6% | 3.2% | 4.8% | 0.8% | 0.0% | 0.7% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 6.9% | 8.2% | 11.8% | 8.6% | 10.8% | 5.6% | 5.3% | 6.1% | 5.2% | 4.8% | 5.0% |
| Shares Outstanding | — | $1.5B | $1.6B | $1.7B | $1.7B | $1.8B | $1.8B | $1.8B | $1.8B | $1.8B | $1.8B |
Peer Comparison
Compare E with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 EYou | $79B | 30.6 | 7.7 | 15.2 | 5.5% | 7.3% | 4.6% | 5.2% | 3.0 |
 BP | $117B | 2187.7 | 4.9 | 10.3 | 17.7% | 8.2% | 0.1% | 9.8% | 2.5 |
 SHEL | $247B | 14.5 | 7.7 | 11.3 | 16.7% | 7.3% | 10.1% | 6.3% | 2.5 |
 TTE | $200B | 15.6 | 7.0 | 18.5 | 28.4% | 10.9% | 11.0% | 9.9% | 1.8 |
 EQNR | $96B | 19.5 | 3.4 | 16.1 | 26.8% | 25.7% | 12.2% | 30.7% | 0.9 |
 XOM | $630B | 22.2 | 11.1 | 26.7 | 21.7% | 10.5% | 10.7% | 8.6% | 0.7 |
 CVX | $369B | 27.9 | 11.0 | 22.3 | 30.4% | 9.0% | 7.1% | 6.2% | 1.3 |
 COP | $145B | 18.7 | 7.0 | 8.6 | 24.6% | 19.6% | 12.4% | 10.4% | 1.0 |
 OXY | $55B | 34.2 | 6.7 | 13.3 | 33.8% | 17.2% | 6.7% | 4.7% | 2.1 |
 PBR | $78B | 8.9 | 3.5 | 3.3 | 50.3% | 28.1% | 10.9% | 15.7% | 1.6 |
 EC | $27B | 12.1 | 5.1 | 6.3 | 31.4% | 22.3% | 7.7% | 8.8% | 2.8 |
| Energy Median | — | 16.9 | 8.1 | 14.1 | 32.7% | 14.5% | 7.9% | 6.4% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
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Start ComparisonE — Frequently Asked Questions
Quick answers to the most common questions about buying E stock.
What is Eni S.p.A.'s P/E ratio?
Eni S.p.A.'s current P/E ratio is 30.6x. The historical average is 15.2x. This places it at the 96th percentile of its historical range.
What is Eni S.p.A.'s EV/EBITDA?
Eni S.p.A.'s current EV/EBITDA is 7.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.1x.
What is Eni S.p.A.'s ROE?
Eni S.p.A.'s return on equity (ROE) is 4.6%. The historical average is 12.0%.
Is E stock overvalued?
Based on historical data, Eni S.p.A. is trading at a P/E of 30.6x. This is at the 96th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Eni S.p.A.'s dividend yield?
Eni S.p.A.'s current dividend yield is 4.17% with a payout ratio of 118.1%.
What are Eni S.p.A.'s profit margins?
Eni S.p.A. has 5.5% gross margin and 7.3% operating margin.
How much debt does Eni S.p.A. have?
Eni S.p.A.'s Debt/EBITDA ratio is 3.0x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.