Eni S.p.A (ENI) Fair Value & Analysis
Energy · IT · Market cap €65.0B
Fair value as of: Jul 16, 2026
From 24 valuation models · updated 22 days ago
Share price +14.1% over the past month.
A solid business, but screening 35% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (€18.91). The favourable scenario is already priced in.
- Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
60‑month range €6.77 – €24.60 · fair‑value band €10.97 – €18.91 · the €23.40 price screens above the €15.13 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.
Analysis
Eni S.p.A (ENI) currently trades at €23.40, while our model-based Fair Value estimate is €15.13, implying the stock looks roughly 35.3% overvalued today. We read business quality at 62/100 (solid quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Eni S.p.A generated revenue of €84.5B at a net margin of 3.0%. Revenue declined 12.6% year over year. It earns a return on equity of 5.9%. Net debt stands at €19.3B. Fundamentals as of Jul 16, 2026
Our scenario range runs from €10.97 (bear case) to €18.91 (bull case); at €23.40, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 5% below its 52-week high and 82% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -11% fair-value upside, at -35%, ENI screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 24 models by family
Widest divergence: Multiples (€17.80) versus Earnings-Based (€5.54). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 49 · Market factors (momentum, volatility) 83
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Eni S.p.A. operates as an integrated energy company in Italy, Other European Union, Rest of Europe, the United States, Asia, Africa, and internationally.
Full company description
Eni S.p.A. operates as an integrated energy company in Italy, Other European Union, Rest of Europe, the United States, Asia, Africa, and internationally. The company engages in exploration, development, extracting, manufacturing, trading, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. The company operates through Exploration & Production; Global Gas & LNG Portfolio and Power; Refining and Chemicals; Enilive; Plenitude; and Corporate and Other Activities segments. The company engages in research, development, and production of oil, condensates, and natural gas. It is also involved in the supply and sale of wholesale natural gas through pipelines; electricity; and international transport, and purchase and marketing of liquefied natural gas. In addition, the company supplies bio-feedstock and crude oil; and stores, produces, distributes, and markets biofuels, oil products, biomethane, basic chemical and petrochemical products, intermediates, plastics and elastomers, and other chemicals, as well as provides smart mobility solutions and services. Further, the company engages in the retail marketing of gas, power, and related services; production and wholesale sale of electricity from renewable plants; and building and managing a network of charging points for electric vehicles. Eni S.p.A. was founded in 1953 and is headquartered in Rome, Italy.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Eni S.p.A reported revenue of €82.2B in FY2025 versus €76.6B in FY2021, a compound +1.8%/yr. Reported net income was €2.6B in FY2025, compounding −18.2%/yr from FY2021.
ENI screens 35% overvalued. Compare with Saudi Arabian Oil Company →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Do Options Traders Know Something About Eni Stock We Don't?
- Eni Q2 Earnings Miss Estimates Despite Strong Production Growth
- Eni Opens Supercomputing Capabilities to 'Innovation Ecosystem'
- Eni (BIT:ENI) Stock Could Be Pricey On Fresh UAE Gas Project News
Peer Group
Oil & Gas Integrated · 54 stocks
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.
Valuation Multiples vs Oil & Gas Integrated median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Oil & Gas Integrated stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Saudi Arabian Oil Company 2222 | 26.72 SAR | 20.14 SAR | -25% |
| Exxon Mobil Corporation XOM | $144.51 | $90.37 | -37% |
| Chevron Corporation CHEV | C$22.88 | C$7.97 | -65% |
| PetroChina Company 601857 | ¥10.29 | ¥16.51 | +60% |
| Shell plc SHELL | €38.04 | €46.09 | +21% |
| TotalEnergies SE TTE | C$13.80 | C$7.92 | -43% |
| Petróleo Brasileiro S.A PETR3 | 12,540 ARS | 30,914 ARS | +147% |
| BP p.l.c., an integrated energy company, BP | $40.83 | $12.71 | -69% |
| China Petroleum & Chemical Corporation 600028 | ¥5.03 | ¥4.46 | -11% |
| Equinor ASA EQNR | $36.19 | $34.53 | -5% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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