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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May '26 May 15, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	19,387	18,169	15,285	15,152	13,839	14,277
Market Cap Growth	11.66%	18.87%	0.88%	9.49%	-3.07%	13.72%
Enterprise Value	31,577	29,860	25,326	24,655	22,523	23,875
PE Ratio	18.23	17.10	14.39	17.11	16.15	18.09
PS Ratio	4.73	4.53	4.18	4.80	4.73	5.57
PB Ratio	2.17	2.33	2.03	2.39	2.24	3.03
P/FCF Ratio	-	-	-	-	16.65	-
P/OCF Ratio	7.67	6.91	10.35	13.97	5.96	17.15
EV/Sales Ratio	7.71	7.45	6.92	7.82	7.70	9.31
EV/EBITDA Ratio	11.27	10.95	9.90	11.56	11.04	13.05
EV/EBIT Ratio	17.28	16.56	14.93	18.04	17.03	20.35
EV/FCF Ratio	-86.02	-	-	-	27.09	-
Debt / Equity Ratio	1.73	1.99	1.84	1.94	1.79	2.66
Debt / EBITDA Ratio	5.54	5.66	5.44	5.75	5.42	6.86
Debt / FCF Ratio	-	-	-	-	13.31	-
Net Debt / Equity Ratio	1.36	1.67	1.48	1.66	1.40	2.13
Net Debt / EBITDA Ratio	4.39	4.77	4.37	4.94	4.24	5.48
Net Debt / FCF Ratio	-33.15	-40.98	-13.21	-10.93	10.42	-19.59
Quick Ratio	0.82	0.89	0.88	0.64	0.72	0.70
Current Ratio	0.82	0.92	0.91	0.67	0.75	0.77
Asset Turnover	0.15	0.14	0.14	0.14	0.13	0.12
Return on Equity (ROE)	13.34%	14.50%	15.14%	14.07%	16.14%	17.61%
Return on Assets (ROA)	4.24%	3.94%	4.19%	3.70%	3.66%	3.41%
Return on Capital Employed (ROCE)	8.00%	7.80%	8.30%	8.00%	8.30%	8.00%
Earnings Yield	5.49%	6.12%	6.95%	5.84%	6.19%	5.53%
FCF Yield	-1.89%	-1.75%	-5.53%	-6.36%	6.01%	-3.58%
Dividend Yield	4.10%	4.08%	5.44%	4.92%	5.20%	4.86%
Payout Ratio	73.16%	73.24%	65.77%	75.84%	69.52%	69.25%
Buyback Yield / Dilution	-	1.20%	1.85%	-3.07%	0.08%	0.01%
Total Shareholder Return	4.10%	5.28%	7.29%	1.85%	5.28%	4.88%

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