Eni S.p.A.

SWX:ENI Stock Report

Market Cap: CHF 57.6b

Eni Valuation

Is ENI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ENI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: ENI (CHF18.61) is trading below our estimate of future cash flow value (CHF48.86)

Significantly Below Future Cash Flow Value: ENI is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ENI?

Key metric: As ENI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ENI. This is calculated by dividing ENI's market cap by their current earnings.
What is ENI's PE Ratio?
PE Ratio22.9x
Earnings€2.73b
Market Cap€62.39b

Price to Earnings Ratio vs Peers

How does ENI's PE Ratio compare to its peers?

The above table shows the PE ratio for ENI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18x
SU Suncor Energy
15.9x2.34%CA$101.4b
386 China Petroleum & Chemical
12.2x13.45%HK$661.4b
EQNR Equinor
16.1x1.16%NOK 868.2b
IMO Imperial Oil
28x4.81%CA$83.2b
ENI Eni
22.9x10.17%CHF 62.4b

Price-To-Earnings vs Peers: ENI is expensive based on its Price-To-Earnings Ratio (22.9x) compared to the peer average (18x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does ENI's PE Ratio compare vs other companies in the European Oil and Gas Industry?

11 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ENI 22.9xIndustry Avg. 16.2xNo. of Companies13PE0816243240+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ENI is expensive based on its Price-To-Earnings Ratio (22.9x) compared to the European Oil and Gas industry average (16.1x).

Price to Earnings Ratio vs Fair Ratio

What is ENI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ENI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ENI's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ENI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 18.61
CHF 23.06
+23.89%
10.84%CHF 27.81CHF 17.62n/a22
Jul ’27CHF 19.08
CHF 23.31
+22.16%
11.14%CHF 27.63CHF 17.50n/a22
Jun ’27CHF 21.95
CHF 23.23
+5.83%
10.80%CHF 27.44CHF 17.38n/a22
May ’27CHF 21.99
CHF 23.21
+5.53%
11.08%CHF 27.48CHF 17.41n/a22
Apr ’27n/a
CHF 19.95
0%
18.86%CHF 26.23CHF 14.27n/a23
Mar ’27n/a
CHF 16.26
0%
11.14%CHF 20.45CHF 13.18n/a23
Feb ’27n/a
CHF 15.31
0%
7.72%CHF 18.33CHF 13.29n/a23
Jan ’27n/a
CHF 15.39
0%
7.32%CHF 18.61CHF 13.49n/a22
Dec ’26n/a
CHF 15.34
0%
6.85%CHF 17.29CHF 13.55n/a22
Nov ’26n/a
CHF 14.95
0%
6.86%CHF 17.16CHF 13.45n/a22
Oct ’26n/a
CHF 14.49
0%
7.92%CHF 16.37CHF 12.63n/a22
Sep ’26n/a
CHF 14.27
0%
8.28%CHF 16.41CHF 12.66n/a22
Aug ’26n/a
CHF 14.15
0%
8.24%CHF 16.31CHF 12.59n/a22
Jul ’26n/a
CHF 13.75
0%
10.79%CHF 16.35CHF 10.28CHF 19.0823
Jun ’26n/a
CHF 13.83
0%
11.71%CHF 16.81CHF 10.27CHF 21.9523
May ’26n/a
CHF 14.13
0%
12.97%CHF 16.86CHF 10.30CHF 21.9923
Apr ’26n/a
CHF 15.23
0%
9.18%CHF 17.16CHF 12.40n/a23
Mar ’26n/a
CHF 15.06
0%
8.74%CHF 16.85CHF 12.17n/a23
Feb ’26n/a
CHF 15.25
0%
8.33%CHF 16.98CHF 12.26n/a23
Jan ’26n/a
CHF 15.28
0%
8.14%CHF 17.24CHF 12.11n/a23
Dec ’25n/a
CHF 15.32
0%
8.39%CHF 17.24CHF 12.11n/a23
Nov ’25n/a
CHF 15.60
0%
8.59%CHF 17.45CHF 12.26n/a23
Oct ’25n/a
CHF 15.99
0%
8.73%CHF 18.45CHF 14.01n/a22
Sep ’25n/a
CHF 16.00
0%
9.26%CHF 18.29CHF 12.66n/a22
Aug ’25n/a
CHF 16.17
0%
9.46%CHF 18.53CHF 12.83n/a22
Jul ’25n/a
CHF 16.48
0%
9.38%CHF 18.91CHF 13.58n/a21
CHF 21.79
Fair Value
14.6% undervalued intrinsic discount
22
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/15 17:49
End of Day Share Price 2026/07/15 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Eni S.p.A. is covered by 42 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Francesco SalaBanca Akros S.p.A. (ESN)
Francesco TaddeiBanca Akros S.p.A. (ESN)
Alvaro del Pozo MarotoBanco de Sabadell. S.A.