Enel SpA (0NRE) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Enel SpA €8.76, price €8.78, upside -0.2%, quality 50 out of 100. Calculated from audited financials with 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, dashed = 300-day average. As of Sep 29, 2026.
How to read this chart
60‑month range €3.13 – €10.15 · fair‑value band €4.82 – €13.58 · the €8.78 price screens above the €8.76 fair value. Dashed = 300-day average. As of Sep 29, 2026.
Enel SpA operates as an integrated operator in the electricity and gas industries worldwide. The company operates through the Thermal Generation and Trading, Enel Green Power, Enel Grids, and End-User Markets segments. It operates renewable, nuclear, wind, hydroelectric, thermal, solar, and geothermal power plants.
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Enel SpA operates as an integrated operator in the electricity and gas industries worldwide. The company operates through the Thermal Generation and Trading, Enel Green Power, Enel Grids, and End-User Markets segments. It operates renewable, nuclear, wind, hydroelectric, thermal, solar, and geothermal power plants. The company also generates, distributes, transmits, and sells electricity. In addition, it provides solutions and technologies for the electrification of cities, such as smart cities and street lighting; for businesses, including energy efficiency and demand response; and for individuals, including energy efficiency solutions for houses and apartment buildings. Further, the company engages in the sale of energy commodities. The company was founded in 1962 and is headquartered in Rome, Italy.
Stock analysis
Enel SpA (0NRE) currently trades at €8.78, while our model-based Fair Value estimate is €8.76, so the stock looks roughly fairly valued today (gap 0.2%).
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Valuation
Bull case: the Growth DCF group reads highest at a median of €8.77 per share, and 6 of the 23 models we run sit above the €8.78 price.
Bear case: the Asset-Based group reads lowest at €2.47, and 17 of the 23 models stay below the price. Evidence for this calculation is high.
Scenario range: €4.82 (bear) to €13.58 (bull), the price of €8.78 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 50/100 (below-average quality), in the Utilities sector.
Mixed Growth: Spin-off in 2020: revenue and profit before it include the divested business. Growth is measured afresh from 2020.
Enel SpA reported revenue of €48.8B in FY2020 versus €66.1B in FY2016, a compound −7.3%/yr. Reported net income was €2.6B in FY2020, compounding +0.4%/yr from FY2016.
Key figures
Market cap €67.5B · P/S ratio 0.87 · Dividend yield 5.6% · Net margin 5.4% · Return on equity 10.6% · Return on assets (EBIT) 5.4% · Operating margin 19.3% · Revenue (TTM) €77.9B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −44% fair-value upside, at 0%, 0NRE screens cheaper than that median.
Fair Value models
Bear €4.82Fair Value €8.76Bull €13.58
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.55/100
Spin-off in 2020: revenue and profit before it include the divested business. Growth is measured afresh from 2020.
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.
13.5% (2016) → 17.2% (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). "Enel SpA Fair Value". https://www.fairvalue-calculator.com/stock/0NRE
Frequently asked questions
Is Enel SpA (0NRE) overvalued or undervalued?
As of Sep 29, 2026, our model estimates a fair value of €8.76 versus a price of €8.78, about −0% upside (fairly valued).
What is the fair value of 0NRE?
Our model-based fair value for Enel SpA is €8.76 (as of Sep 29, 2026), built from audited fundamentals. The current price: €8.78.
What is the quality score of 0NRE?
Enel SpA has a Quality Score of 50/100. 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 Enel SpA (0NRE)?
Our model-based price target is the fair value of €8.76 (as of Sep 29, 2026) from 23 valuation models. Cautious scenario €4.82, optimistic scenario €13.58. It is a calculation from audited fundamentals, not an analyst target.
What is the Enel SpA stock forecast for 2026?
Our models put fair value at €8.76, about −0% upside versus a price of €8.78 (fairly valued). Cautious scenario €4.82, optimistic scenario €13.58. The calculation is refreshed regularly with new filings.
What is the revenue of Enel SpA (0NRE)?
Enel SpA reported trailing-twelve-month revenue of about €77.9B (latest available figure, as of Sep 29, 2026).
Does Enel SpA pay a dividend?
Enel SpA currently shows a dividend yield of about 5.58% relative to its recent price (as of Sep 29, 2026).
What is the intrinsic value of Enel SpA (0NRE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Enel SpA it is €8.76 per share (as of Sep 29, 2026), against a price of €8.78. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Enel SpA stock overvalued or undervalued in 2026?
As of Sep 29, 2026, 0NRE trades above its calculated fair value: price €8.78, fair value €8.76, a gap of about −0% (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 0NRE?
No. The price is what the market pays today (€8.78); the fair value is what the company's own numbers justify (€8.76). For Enel SpA the two are €0.0160 per share apart. That gap is exactly why we show both numbers side by side.
How much is Enel SpA worth?
The market values Enel SpA at about €67.5B (market capitalisation, as of Sep 29, 2026). Per share that is €8.78; our models calculate a fair value of €8.76 per share.
What do the bullish and bearish scenarios say about 0NRE?
Our models span a range for Enel SpA: cautious scenario €4.82, base €8.76, optimistic €13.58 per share (as of Sep 29, 2026, price €8.78). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 0NRE from its 52-week high?
Enel SpA trades at €8.78, about 14% below its 52-week high of €10.15 and 14% above the low of €7.72 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of €8.76 is for.
Which stocks are comparable to Enel SpA?
From the same area (Utilities) we also value Iberdrola, S.A, Engie SA, RWE Aktiengesellschaft generates and, Sempra, 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 Enel SpA stock attractive at the current price?
The data as of Sep 29, 2026: price €8.78, calculated fair value €8.76 (−0%), Quality Score 50/100, from 23 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 0NRE calculated?
We run Enel SpA through 23 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 €8.76, 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. Enel SpA 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 Enel SpA (0NRE)?
The closing price on Oct 2, 2026 was €8.78. Our model-based fair value is €8.76, about −0% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Enel SpA right now?
The model range is unusually wide (€4.82 to €13.58). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Key figures of Enel SpA
How large is the market capitalisation of Enel SpA (0NRE)?
The market capitalisation of Enel SpA is €67.5B. 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 Enel SpA (0NRE)?
The price-to-sales ratio of Enel SpA is 0.87 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Enel SpA (0NRE)?
The dividend yield of Enel SpA is 5.6%. 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 Enel SpA (0NRE)?
The net margin of Enel SpA is 5.4% (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 Enel SpA (0NRE)?
The return on equity (ROE) of Enel SpA is 10.6% (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 Enel SpA (0NRE)?
On an EBIT basis the return on assets of Enel SpA is 5.4% (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 Enel SpA (0NRE)?
The operating margin of Enel SpA is 19.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Enel SpA (0NRE)?
Revenue at Enel SpA is growing −6.7% versus a year earlier (3y avg −5.6%). 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 Enel SpA (0NRE)?
Earnings per share at Enel SpA are growing −5.3% versus a year earlier. How much earnings per share grew versus a year earlier.
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