Snam S.p.A (0NQP) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Snam S.p.A €4.85, price €5.59, upside -13.3%, quality 60 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 29, 2026.
How to read this chart
60‑month range €3.18 – €6.61 · fair‑value band €3.48 – €6.61 · the €5.59 price screens above the €4.85 fair value. Dashed = 300-day average. As of Sep 29, 2026.
Snam S.p.A., together with its subsidiaries, engages in the operation of natural gas transport and storage infrastructure. It operates through Natural gas transportation; Natural gas storage; LNG regasification; and Market solutions segments.
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Snam S.p.A., together with its subsidiaries, engages in the operation of natural gas transport and storage infrastructure. It operates through Natural gas transportation; Natural gas storage; LNG regasification; and Market solutions segments. The company offers natural gas transportation and dispatching services; and owns and manages liquified natural gas (LNG) regasification plants. It also provides natural gas storage services through an integrated group of infrastructure comprising deposits, wells, gas treatment and compression plants, and the operational dispatching systems; and operates storage concessions located in Lombardy, Emilia-Romagna, and Abruzzo. In addition, the company offers energy efficiency solutions for companies, condominiums, tertiary, and public administration sectors; and invests, constructs, develops, and operates biogas and biomethane plants. Further, the company provides technical consulting services; and sells automotive compressed natural gas (CNG) compressors. It operates a natural gas transportation network of approximately 38,000 kilometers in Italy, Austria, the United Arab Emirates, France, Greece, and the United Kingdom. The company was formerly known as Snam Rete Gas S.p.A. and changed its name to Snam S.p.A. in January 2012. Snam S.p.A. was founded in 1941 and is headquartered in Milan, Italy.
Stock analysis
Snam S.p.A (0NQP) currently trades at €5.59, while our model-based Fair Value estimate is €4.85, 13.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of €16.08 per share, and 10 of the 22 models we run sit above the €5.59 price.
Bear case: the Earnings-Based group reads lowest at €1.16, and 12 of the 22 models stay below the price. Evidence for this calculation is high.
Scenario range: €3.48 (bear) to €6.61 (bull), the price of €5.59 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 60/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Snam S.p.A reported revenue of €2.8B in FY2020 versus €2.5B in FY2016, a compound +2.6%/yr. Reported net income was €1.1B in FY2020, compounding +6.3%/yr from FY2016.
Key figures
Market cap €15.3B · P/E ratio 0.1 · P/S ratio 0.04 · EPS (TTM) €0.4610 · Net margin 39.7% · Return on equity 11.2% · Return on assets (EBIT) 6.0% · Operating margin 48.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −40% fair-value upside, at −13%, 0NQP screens cheaper than that median.
Fair Value models
Bear €3.48Fair Value €4.85Bull €6.61
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+3.9%
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.
+3.0%
’16
’17
’18
’19
’20
Profit margin (trend) ⓘ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.
51.7% (2016) → 49.8% (2020)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
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). "Snam S.p.A Fair Value". https://www.fairvalue-calculator.com/stock/0NQP
Frequently asked questions
Is Snam S.p.A (0NQP) overvalued or undervalued?
As of Sep 29, 2026, our model estimates a fair value of €4.85 versus a price of €5.59, about −13% upside (overvalued).
What is the fair value of 0NQP?
Our model-based fair value for Snam S.p.A is €4.85 (as of Sep 29, 2026), built from audited fundamentals. The current price: €5.59.
What is the quality score of 0NQP?
Snam S.p.A has a Quality Score of 60/100. 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 Snam S.p.A (0NQP)?
Our model-based price target is the fair value of €4.85 (as of Sep 29, 2026) from 22 valuation models. Cautious scenario €3.48, optimistic scenario €6.61. It is a calculation from audited fundamentals, not an analyst target.
What is the Snam S.p.A stock forecast for 2026?
Our models put fair value at €4.85, about −13% upside versus a price of €5.59 (overvalued). Cautious scenario €3.48, optimistic scenario €6.61. The calculation is refreshed regularly with new filings.
What is the revenue of Snam S.p.A (0NQP)?
Snam S.p.A reported trailing-twelve-month revenue of about €3.9B (latest available figure, as of Sep 29, 2026).
What is the intrinsic value of Snam S.p.A (0NQP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Snam S.p.A it is €4.85 per share (as of Sep 29, 2026), against a price of €5.59. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Snam S.p.A stock overvalued or undervalued in 2026?
As of Sep 29, 2026, 0NQP trades above its calculated fair value: price €5.59, fair value €4.85, a gap of about −13% (overvalued). 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 0NQP?
No. The price is what the market pays today (€5.59); the fair value is what the company's own numbers justify (€4.85). For Snam S.p.A the two are €0.7420 per share apart. That gap is exactly why we show both numbers side by side.
How much is Snam S.p.A worth?
The market values Snam S.p.A at about €15.3B (market capitalisation, as of Sep 29, 2026). Per share that is €5.59; our models calculate a fair value of €4.85 per share.
What do the bullish and bearish scenarios say about 0NQP?
Our models span a range for Snam S.p.A: cautious scenario €3.48, base €4.85, optimistic €6.61 per share (as of Sep 29, 2026, price €5.59). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 0NQP from its 52-week high?
Snam S.p.A trades at €5.59, about 15% below its 52-week high of €6.61 and 17% above the low of €4.80 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of €4.85 is for.
Which stocks are comparable to Snam S.p.A?
From the same area (Industrials) we also value INLCM, Contemporary Amperex Technology Co, Delta Electronics (Thailand) Public Company, Larsen & Toubro Limited, 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 Snam S.p.A stock attractive at the current price?
The data as of Sep 29, 2026: price €5.59, calculated fair value €4.85 (−13%), Quality Score 60/100, from 22 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 0NQP calculated?
We run Snam S.p.A through 22 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €4.85, 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 14.5 % above its aggregate fair value. Snam 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 Snam S.p.A (0NQP)?
The closing price on Oct 2, 2026 was €5.59. Our model-based fair value is €4.85, about −13% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Snam S.p.A right now?
Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (€3.48 to €6.61) leaves room in how you read the outcome.
Key figures of Snam S.p.A
How large is the market capitalisation of Snam S.p.A (0NQP)?
The market capitalisation of Snam S.p.A is €15.3B. 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/E ratio of Snam S.p.A (0NQP)?
The price-to-earnings ratio of Snam S.p.A is 0.1 (as of Jul 27, 2026). Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of Snam S.p.A (0NQP)?
The price-to-sales ratio of Snam S.p.A is 0.04 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Snam S.p.A (0NQP)?
Earnings per share at Snam S.p.A are €0.4610 (price ÷ EPS = P/E 0.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Snam S.p.A (0NQP)?
The net margin of Snam S.p.A is 39.7% (fiscal year 2020). 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 Snam S.p.A (0NQP)?
The return on equity (ROE) of Snam S.p.A is 11.2% (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 Snam S.p.A (0NQP)?
On an EBIT basis the return on assets of Snam S.p.A is 6.0% (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 Snam S.p.A (0NQP)?
The operating margin of Snam S.p.A is 48.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Snam S.p.A (0NQP)?
Revenue at Snam S.p.A is growing +3.0% versus a year earlier (3y avg +3.0%). 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 Snam S.p.A (0NQP)?
Earnings per share at Snam S.p.A are growing −53.2% versus a year earlier. How much earnings per share grew versus a year earlier.
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