Current Price
$53.50
PE Ratio (TTM)
27.3x
Intrinsic Value
$78.38
+31.7% margin of safety
COMPETITIVE MOAT
↑Integrated Energy Infrastructure
Eni's extensive network of refineries, pipelines, and retail stations creates significant barriers to entry. This integrated model allows for cost efficiencies and market control across the value chain.
↑Strategic African Asset Base
The company holds substantial, long-life oil and gas reserves in Africa, particularly with the Baleine project expansion. These low-cost production assets provide a competitive advantage and long-term revenue streams.
↑Energy Transition Investments
Eni's proactive investments in battery technology and storage through partnerships with FIB and Seri Industrial position it for future energy markets. This diversification mitigates reliance on fossil fuels.
INVESTMENT RISKS
↓Commodity Price Volatility
As an integrated oil and gas company, Eni's profitability is highly sensitive to fluctuations in global oil and gas prices. Significant price drops can negatively impact revenue and margins.
↓Geopolitical Instability
Operations in regions like Africa expose Eni to political risks, potential disruptions, and regulatory changes. These factors can impact production and project timelines.
↓Energy Transition Pace
The speed and success of Eni's transition to renewable energy and new technologies are uncertain. A slower-than-expected shift could leave it vulnerable to evolving market demands and regulations.
Base case
E base case PE valuation
A base case PE valuation for E estimates a fair value of about $78.38 per share, against a current price of $53.5. The model assumes 15.3% annual earnings growth, a 27x target PE multiple, and a 10% discount rate.
Intrinsic Value
$78.38
Margin of safety
+31.7%
Expected annual return
+7.9%
Base case assumptions: 15.3% annual earnings growth, 27x target PE, 10% discount rate, 5 year projection. Data as of 2026-06-12.
This base case uses default assumptions and is not financial advice. The fair value changes significantly when the target PE or earnings growth rate changes. Open the calculator to set your own assumptions and see the full sensitivity range.
Customize the E PE valuation
Adjust the target PE, earnings growth, and discount rate to see how the fair value and margin of safety for Eni S.p.A. respond.
Open PE Calculator for ECompany Overview
Eni S.p.A. is an international energy company primarily engaged in the discovery, development, and extraction of crude oil and natural gas resources. Its operations are organized into distinct divisions: Exploration & Production; Global Gas & LNG Portfolio; Refining & Marketing and Chemicals; Plenitude and Power; and Corporate and Other activities. The Exploration & Production division is responsible for the research, development, and output of oil, condensates, and natural gas, additionally undertaking initiatives in forestry conservation and carbon dioxide capture and storage. Its Global Gas & LNG Portfolio division oversees the procurement and wholesale distribution of natural gas via pipelines, including international transport, along with the acquisition and sale of liquefied natural gas (LNG). The Refining & Marketing and Chemicals segment manages the processing, supply, distribution, and commercialization of various fuels and chemical products. The Plenitude and Power segment, formerly known as Eni gas e luce, handles the retail provision of gas and electricity, alongside related services, and is involved in generating and wholesaling electricity from both thermoelectric and renewable power facilities. As of December 31, 2021, the company declared net proved reserves totaling 6,628 million barrels of oil equivalent and possessed an operational capacity of 4.5 gigawatts (GW). Established in 1953, Eni's corporate headquarters are situated in Rome, Italy.
Financial Metrics — E PE Stock Valuation Data
PE Ratio (TTM)
27.3x
PEG Ratio
n/m
Earnings Yield
3.67%
ROE (TTM)
5.2%
Revenue/Share (TTM)
$26.93
Dividend Yield
4.52%
Debt/Equity
0.74x
Frequently Asked Questions
What is the PE ratio of E?
The trailing twelve-month PE ratio of E reflects how much investors pay per dollar of Eni S.p.A.'s earnings. This metric is most useful when compared to Oil & Gas Integrated peers and the company's own historical range.
Is E overvalued based on PE ratio?
E's PE of 27.3x combined with a PEG ratio of -7.55 provides a growth-adjusted perspective. E has negative earnings, so its PE and PEG ratios are not meaningful here and cannot tell you whether the stock is over or undervalued. Keep in mind that PE-based valuation works best for profitable, mature companies — for high-growth or cyclical Oil & Gas Integrated, a DCF analysis may be more appropriate.
How do I value E stock using PE ratio?
To value Eni S.p.A. using PE: (1) Compare the current PE (27.3x) against the Oil & Gas Integrated median to assess relative pricing, (2) check the PEG ratio (-7.55) to adjust for growth expectations, (3) review the 5-year PE range to identify where the stock sits historically, and (4) estimate fair value by multiplying a target PE by forward EPS estimates. This relative approach complements DCF's absolute valuation.
What is the PEG ratio of E?
E's PEG ratio is -7.55, calculated by dividing the PE ratio (27.3x) by the expected earnings growth rate. Because E has negative earnings, its PEG ratio is not meaningful and should not be read as a sign of under or overvaluation. Note that PEG accuracy depends on the reliability of growth estimates.
Should I use PE ratio or DCF for E stock valuation?
PE ratio gives a quick relative read — how E is priced versus Oil & Gas Integrated peers. DCF provides an absolute value based on projected free cash flows. For the most reliable valuation, use PE as a quick comparability screen and DCF for a deeper fundamental analysis. Each method has blind spots: PE ignores capital structure and cash flow quality, while DCF is sensitive to growth and discount rate assumptions.
Learn More
- See E DCF Valuation → — Intrinsic value via Discounted Cash Flow analysis
- PE Methodology — Step-by-step guide to PE ratio stock valuation
- DCF Methodology — Guide to discounted cash flow analysis
- PE Ratio — Understanding the price-to-earnings ratio
- Intrinsic Value — How to evaluate stock fair value
Related PE Valuations
All Energy valuationsP/E and DCF value E with different methods and assumptions, so the two conclusions can differ. Compare the DCF intrinsic value.
Price as of 2026-06-12. Financial data from Financial Modeling Prep (trailing twelve months) · Valuation methodology by Charlie Wang.
This is an estimate, not investment advice.