Gas Plus S.p.A. (GSP) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Gas Plus S.p.A. stock €6.35, price €6.85, that is 7.3% below the price, quality 64 out of 100. Rating: fairly valued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range €1.62 – €7.91 · fair‑value band €4.76 – €7.94 · the €6.85 price screens above the €6.35 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.
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Gas Plus S.p.A. engages in the extraction, distribution, and sale of natural gas in Italy. It is also involved in the distribution, transport, and storage of natural gas; and sells methane gas, and oil and condensates. The company was founded in 1960 and is based in Milan, Italy.
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Gas Plus S.p.A. is a subsidiary of US.FIN. S.r.l.
Stock analysis
Gas Plus S.p.A. (GSP) currently trades at €6.85, while our model-based Fair Value estimate is €6.35, so the stock looks roughly fairly valued today (gap 7.9%).
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Valuation
Bull case: the DCF Models group reads highest at a median of €12.12 per share, and 13 of the 25 models we run sit above the €6.85 price.
Bear case: the Dividend Discount group reads lowest at €2.08, and 12 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: €4.76 (bear) to €7.94 (bull), the price of €6.85 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 64/100 (solid quality), in the Energy sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Gas Plus S.p.A. reported revenue of €167M in FY2025 versus €84.6M in FY2021, a compound +18.5%/yr. Reported net income was €19.8M in FY2025, compounding +58.3%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap €291M Small · P/E ratio 11.8 · P/S ratio 1.83 · EPS (TTM) €0.5800 · Dividend yield 3.6% · Net margin 14.4% · Return on equity 10.4% · Return on assets (EBIT) 6.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (medium confidence).
What moves the price
The share trades about 13% below its 52-week high and 34% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at 10% fair-value upside, at −7%, GSP screens richer than that median.
Fair Value models
Bear€4.76Fair Value €6.35Bull€7.94
Price €6.85 · Downside -7.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (€0.2830 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+23.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−10.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+17.3%
Start year 2020 (pandemic). Over 10 years: +4.8% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.0%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
≈ +81.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+77.6%
Dividend (yield on the price)3.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.44.4% vs 5.1%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−12% → 22%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 58% above its own trend.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−9.4%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about −11.3% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas E&P · 239 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside−7.3% · Above median
Profitability
Return on equity (12 months)10.4% · Above median
Return on assets3.8% · Above median
Net margin (12 months)14.4% · Above median
Operating margin (12 months)29.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)10.6% · Below median
Dividend yield (12 months)3.6% · Above median
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Oil & Gas E&P median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Gas Plus S.p.A. Fair Value". https://www.fairvalue-calculator.com/stock/GSP
Frequently asked questions
Is Gas Plus S.p.A. (GSP) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of €6.35 versus a price of €6.85, about 7% lower (fairly valued).
What is the fair value of GSP?
Our model-based fair value for Gas Plus S.p.A. is €6.35 (as of Nov 7, 2026), built from audited fundamentals. The current price: €6.85.
What is the quality score of GSP?
Gas Plus S.p.A. has a Quality Score of 64/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Gas Plus S.p.A. (GSP)?
Our model-based price target is the fair value of €6.35 (as of Nov 7, 2026) from 25 valuation models. Cautious scenario €4.76, optimistic scenario €7.94. It is a calculation from audited fundamentals, not an analyst target.
What is the Gas Plus S.p.A. stock forecast for 2026?
Our models put fair value at €6.35, about 7% lower versus a price of €6.85 (fairly valued). Cautious scenario €4.76, optimistic scenario €7.94. The calculation is refreshed regularly with new filings.
What is the revenue of Gas Plus S.p.A. (GSP)?
Gas Plus S.p.A. reported trailing-twelve-month revenue of about €177M (latest available figure, as of Nov 7, 2026).
Does Gas Plus S.p.A. pay a dividend?
Gas Plus S.p.A. currently shows a dividend yield of 3.65% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Gas Plus S.p.A. (GSP) and when is the ex-dividend date?
Gas Plus S.p.A. pays a dividend of €0.25 per share a year, a dividend yield of 3.6%. The last ex-dividend date was Jul 27, 2026. A dividend has been paid every year since 2022. The payout ratio is 43.1% of earnings. Free cash flow covers the dividend 4.60 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Gas Plus S.p.A. (GSP)?
For today's price to be fair in a discounted-cash-flow model, Gas Plus S.p.A. would have to grow free cash flow by -9.4 % per year for five years (discount rate 12.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +17.3 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of GSP use?
Our models discount Gas Plus S.p.A. at 12.0 %: a base by market capitalisation (small), damped by beta 0.27, country premium for Italy. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Gas Plus S.p.A. that is -9.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.0 %) and the same formula as our fair value.
How much growth has Gas Plus S.p.A. (GSP) delivered so far?
Over the past 5 years revenue at Gas Plus S.p.A. grew +17.3 % a year. The price currently implies free-cash-flow growth of -9.4 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Gas Plus S.p.A. (GSP) growing?
The median revenue growth in the sector is +14.3 % a year. That is the yardstick for the growth priced into Gas Plus S.p.A. (-9.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Gas Plus S.p.A. (GSP)?
The free-cash-flow yield on the price is 16.80 %: that much free cash flow Gas Plus S.p.A. produces per unit of market value. When it exceeds the discount rate of our models (12.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Gas Plus S.p.A. (GSP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Gas Plus S.p.A. it is €6.35 per share (as of Nov 7, 2026), against a price of €6.85. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Gas Plus S.p.A. stock overvalued or undervalued in 2026?
As of Nov 7, 2026, GSP trades above its calculated fair value: price €6.85, fair value €6.35, a gap of about −7% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of GSP?
No. The price is what the market pays today (€6.85); the fair value is what the company's own numbers justify (€6.35). For Gas Plus S.p.A. the two are €0.5000 per share apart. That gap is exactly why we show both numbers side by side.
How much is Gas Plus S.p.A. worth?
The market values Gas Plus S.p.A. at about €291M (market capitalisation, as of Nov 7, 2026). Per share that is €6.85; our models calculate a fair value of €6.35 per share.
What do the bullish and bearish scenarios say about GSP?
Our models span a range for Gas Plus S.p.A.: cautious scenario €4.76, base €6.35, optimistic €7.94 per share (as of Nov 7, 2026, price €6.85). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GSP?
Gas Plus S.p.A. trades at a price-to-earnings ratio of 11.8 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €6.35 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2017 to 2025), reported earnings: 23.0. Other multiples: P/B 1.3, P/S 1.8, EV/EBITDA 3.3.
How solid is the balance sheet of Gas Plus S.p.A. (GSP)?
Balance-sheet figures for Gas Plus S.p.A. (as of Nov 7, 2026): return on equity 10.4%, debt of 0.00 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is GSP from its 52-week high?
Gas Plus S.p.A. trades at €6.85, about 13% below its 52-week high of €7.91 and 34% above the low of €5.12 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €6.35 is for.
Which stocks are comparable to Gas Plus S.p.A.?
From the same area (Energy) we also value ConocoPhillips explores for,, CNOOC Limited, Canadian Natural Resources Limited, EOG Resources, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Gas Plus S.p.A. stock attractive at the current price?
The data as of Nov 7, 2026: price €6.85, calculated fair value €6.35 (−7%), Quality Score 64/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of GSP calculated?
We run Gas Plus S.p.A. through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €6.35 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Gas Plus S.p.A. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Gas Plus S.p.A. (GSP)?
The closing price on Nov 6, 2026 was €6.85. Our model-based fair value is €6.35, about 7% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Gas Plus S.p.A. right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Gas Plus S.p.A.
How large is the market capitalisation of Gas Plus S.p.A. (GSP)?
The market capitalisation of Gas Plus S.p.A. is €291M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Gas Plus S.p.A. (GSP)?
The price-to-sales ratio of Gas Plus S.p.A. is 1.83 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Gas Plus S.p.A. (GSP)?
Earnings per share at Gas Plus S.p.A. are €0.5800 (price ÷ EPS = P/E 11.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Gas Plus S.p.A. (GSP)?
The dividend yield of Gas Plus S.p.A. is 3.6% (payout 43.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Gas Plus S.p.A. (GSP)?
The net margin of Gas Plus S.p.A. is 14.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Gas Plus S.p.A. (GSP)?
The return on equity (ROE) of Gas Plus S.p.A. is 10.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Gas Plus S.p.A. (GSP)?
On an EBIT basis the return on assets of Gas Plus S.p.A. is 6.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Gas Plus S.p.A. (GSP)?
The operating margin of Gas Plus S.p.A. is 29.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Gas Plus S.p.A. (GSP)?
Revenue at Gas Plus S.p.A. is growing +10.6% versus a year earlier (3y avg −10.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Gas Plus S.p.A. (GSP)?
Earnings per share at Gas Plus S.p.A. are growing +56.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Gas Plus S.p.A. (GSP) carry?
The net debt of Gas Plus S.p.A. is €5.5M (fiscal year 2025, ≈ 0.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 7, 2026