ERG S.p.A. (ERG.MI)

ERG S.p.A. (ERG.MI) — VMCI valuation read

ERG.MI screens at VMCI 51/100, a 1-point gap above the Utilities sector median (50). For a mid-cap ERG S.p.A. share, that placement says the multi-pillar composite is cheaper or higher quality than the typical peer on a like-for-like basis.

ERG.MI has logged no Form 4 insider activity over the trailing 30 days. The tape reads neither bullish nor bearish on insider conviction. The next signal sits with the 10-Q schedule and the analyst calendar.

**Investor frame.** Value: ERG.MI trades at 20.0x earnings, 11% above the Utilities median of 18.0x, while EV/EBITDA prints 9.0x against 12.0x for the Utilities group. Quality: ROIC of 8.0% trails the Utilities median (10.0%) by 2.0pp, the cleanest like-for-like comparison on capital efficiency. Risk: net debt to EBITDA of 3.0x is the rate-sensitivity line to watch, which sets the rate-cycle exposure for ERG S.p.A..

ERG.MI fell 2.0% over the trailing 7 days, with a -12.9% read on a 30-day basis.