What is the intrinsic value of TRN.MI?

As of 2025-06-29, the Intrinsic Value of Terna Rete Elettrica Nazionale SpA (TRN.MI) is 7.14 EUR. This TRN.MI valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 8.60 EUR, the upside of Terna Rete Elettrica Nazionale SpA is -17.00%.

The range of the Intrinsic Value is 3.92 - 14.30 EUR

Is TRN.MI undervalued or overvalued?

Based on its market price of 8.60 EUR and our intrinsic valuation, Terna Rete Elettrica Nazionale SpA (TRN.MI) is overvalued by 17.00%.

	Range	Selected	Upside
a
DCF (Growth 5y)	3.92 - 14.30	7.14	-17.0%
DCF (Growth 10y)	5.72 - 16.83	9.20	6.9%
DCF (EBITDA 5y)	6.33 - 11.64	9.72	13.0%
DCF (EBITDA 10y)	8.30 - 14.84	12.17	41.5%
Fair Value	5.75 - 5.75	5.75	-33.12%
P/E	6.89 - 11.64	9.74	13.2%
EV/EBITDA	3.68 - 7.73	6.44	-25.1%
EPV	(2.64) - (1.75)	(2.20)	-125.5%
DDM - Stable	5.38 - 12.77	9.07	5.5%
DDM - Multi	5.24 - 9.34	6.68	-22.3%