Terna (TRN) Stock Price, Fundamentals & Analysis

What TRN does

Terna (TRN) is the operator of Italy’s national electricity transmission grid and a player in the broader European energy infrastructure space. The company designs, builds, manages, and maintains high-voltage transmission lines and substations, dispatches power, and operates metering systems. It also manufactures transformers and cables, develops renewable energy projects, and builds interconnectors — both onshore and offshore. Terna operates through three segments: Regulated, Non-Regulated, and International, and it is listed on the Borsa Italiana. Within the Italian utilities landscape, peers include Italgas (IG), Hera (HER), A2A (A2A), and Snam (SRG), while European and U.S. comparables extend to Enel (ENEL), CenterPoint Energy (CNP), and Enerjisa Enerji A.S. (ENJSA).

Key numbers explained

• 9,17 EUR is the latest trading price for TRN.
• The trailing P/E ratio of 17,3 compares the current share price to the last 12 months of earnings per share (0,53 EUR); a lower figure can suggest the stock is priced more conservatively relative to recent earnings.
• The forward P/E ratio of 16,3 uses expected future earnings, offering a look at how the market values the company ahead of the next results.
• The dividend yield of 4,32% means that for each euro invested, the company returns roughly 4,32 eurocents per year in dividends, based on the current price.
• The ex-dividend date is 22 iun. 2026; to receive the upcoming dividend, you must own the shares before this date.
• 74% of earnings are paid out as dividends, indicating a relatively high payout ratio for a regulated utility.
• Beta of 0,61 suggests the share tends to move less than the overall market, a typical trait for regulated infrastructure stocks.
• The 52-week price range of 8,45 – 10,41 shows the lowest and highest traded prices over the past year, with the current price near the lower end of that band.
• The debt-to-equity ratio of 172,4% indicates the company carries more debt than equity, which is common in capital-intensive grid businesses.

What to watch

Regulated utilities like TRN are sensitive to changes in energy policy, regulatory tariff decisions, and interest rates, which affect both earnings and the cost of financing large infrastructure projects. The company’s international operations and renewable energy development expose it to currency and project-execution risks. Earnings releases, grid utilization trends, and capital expenditure plans are typical drivers of long-term value. The next earnings report is scheduled for 12 nov. 2026. For broader context, TRN is part of the FTSE MIB, the main index of Borsa Italiana stocks.