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Stock Comparison · Clear separation

Enel SpA vs Naturgy Energy Group: Which Stock Looks Stronger in 2026?

Naturgy Energy , holds the cleaner structural position, with the lead spread across valuation and stability. Enel SpA still has the edge on growth, which keeps the comparison from looking entirely one-sided. The market setup is mixed, without a decisive signal in either direction. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the STOXX 600 universe, making them directly comparable.

Updated 2026-05-17

The lead is spread across valuation and stability, rather than sitting in one isolated gap. The overall score gap is 25 points in favour of Naturgy Energy Group, S.A..

Trajectory Similarity
0.58
Moderately similar
Peer-set rank: #7
within Enel SpA's functional peer set

This comparison is anchored in long-term financial trajectory similarity within the selected peer universe.

The pair shares a valid long-term profile match, but the trajectories are not especially close.

The strongest overlap appears in investment intensity and revenue growth trajectory.

Similarity drivers
investment intensityrevenue growth trajectory
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
ENEL.MI
Enel SpA
46
Peer-Score
Signal qualityHigh
Peer basis: STOXX 600
vs
NTGY.MC
Naturgy Energy Group, S.A.
71
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Score differences across key dimensions.

Dimension spread: ENEL.MI vs NTGY.MC Profitability 52 79 Stability 30 67 Valuation 49 87 Growth 50 39 ENEL.MI NTGY.MC
Gap Ranking
#1 Valuation +38
#2 Stability +37
#3 Profitability +27
#4 Growth +11
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for ENEL.MI and NTGY.MC Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer ENEL.MINTGY.MC Relative valuation Structural strength

Naturgy Energy Group, S.A. looks stronger both structurally and on relative valuation.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where ENEL.MI and NTGY.MC each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY ENEL.MI Elevated · above norm 0th 50th 100th 2 pct gap NTGY.MC Elevated · above norm 0th 50th 100th 97th 99th
ENEL.MI (97th percentile) and NTGY.MC (99th percentile) both sit in the upper portion of their own 5-year ranges. The historical entry context is broadly similar for both. This reflects entry timing, not which company is structurally stronger.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Valuation
Both rank well on valuation, but Naturgy Energy Group, S.A. still holds a clear edge.
Stability
On stability, the gap still runs the same way: Naturgy Energy Group, S.A. sits near the top of the group, while Enel SpA remains in the weaker half.
Valuation — Dominant Gap
ENEL.MI
49
NTGY.MC
87
Gap+38in favour of NTGY.MC

The multiple-based pricing edge comes from a trailing P/E that is 12.6 turns lower.

What else supports the lead

Stability still reinforces the same direction, which makes the lead look broader across the profile.

What this means for the comparison

The lead is built on both valuation and stability — though growth still provides a counterweight.

Explore full peer positioning in AssetNext

Break down the ENEL.MI vs NTGY.MC comparison across all dimensions with the full interactive tool.

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Similar valuation-and-stability comparisons

Explore how ENEL.MI and NTGY.MC each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.