Terna Ratios and Metrics

Market cap in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 24, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	20,060	15,285	15,152	13,839	14,277	12,554
Market Cap Growth	26.65%	0.88%	9.49%	-3.07%	13.72%	4.90%
Enterprise Value	31,750	25,326	24,655	22,523	23,875	21,422
PE Ratio	18.41	14.56	17.11	16.15	18.09	15.98
PS Ratio	5.16	4.18	4.80	4.73	5.57	5.24
PB Ratio	2.58	2.03	2.39	2.24	3.03	2.84
P/FCF Ratio	-	-	-	16.65	-	-
P/OCF Ratio	10.91	10.41	13.97	5.96	17.15	13.34
EV/Sales Ratio	8.16	6.93	7.82	7.70	9.31	8.94
EV/EBITDA Ratio	11.82	10.01	11.56	11.04	13.05	12.36
EV/EBIT Ratio	17.77	14.97	18.04	17.03	20.35	19.37
EV/FCF Ratio	-35.01	-	-	27.09	-	-
Debt / Equity Ratio	1.89	1.84	1.94	1.79	2.66	2.85
Debt / EBITDA Ratio	5.49	5.46	5.75	5.42	6.86	7.27
Debt / FCF Ratio	-	-	-	13.31	-	-
Net Debt / Equity Ratio	1.50	1.48	1.66	1.40	2.13	2.11
Net Debt / EBITDA Ratio	4.38	4.42	4.94	4.24	5.48	5.36
Net Debt / FCF Ratio	-12.87	-12.56	-10.93	10.42	-19.59	-37.90
Quick Ratio	0.72	0.88	0.64	0.72	0.70	0.92
Current Ratio	0.72	0.91	0.67	0.75	0.77	0.95
Asset Turnover	0.15	0.14	0.14	0.13	0.12	0.12
Return on Equity (ROE)	14.28%	15.14%	14.07%	16.14%	17.61%	18.39%
Return on Assets (ROA)	4.39%	4.18%	3.70%	3.66%	3.41%	3.58%
Return on Capital Employed (ROCE)	8.60%	8.30%	8.00%	8.30%	8.00%	7.10%
Earnings Yield	5.43%	6.95%	5.84%	6.19%	5.53%	6.26%
FCF Yield	-4.52%	-5.82%	-6.36%	6.01%	-3.58%	-1.95%
Dividend Yield	3.96%	5.44%	4.92%	5.20%	4.86%	5.35%
Payout Ratio	72.15%	65.03%	75.84%	69.52%	69.25%	66.98%
Buyback Yield / Dilution	-	3.03%	-3.07%	0.08%	0.01%	-0.01%
Total Shareholder Return	4.00%	8.46%	1.85%	5.28%	4.88%	5.34%

Source: S&P Global Market Intelligence. Utility template. Financial Sources.