Home Compare IG.MI vs SRG.MI
Stock Comparison · Industry comparison · Utilities - Regulated Gas

Italgas S.p.A. vs Snam S.p.A.: Which Stock Looks Stronger in 2026?

Snam S.p.A holds the cleaner structural position, with the lead spread across profitability and stability. Italgas S.p.A still leads on growth and valuation, which keeps the comparison from looking entirely one-sided. The market setup is broadly comparable for both — no clear directional signal from price behavior. 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.

Updated 2026-04-05

This is not just a one-metric split: both profitability and stability materially support the lead. Snam S.p.A. leads by 14 points on the overall comparison score.

INDUSTRY COMPARISON

Both operate in: Utilities - Regulated Gas

This comparison is based on industry proximity, not on functional trajectory similarity. IG.MI and SRG.MI share the same industry classification.

For a similarity-based comparison, see how Italgas S.p.A and Snam S.p.A each position within their functional peer groups in AssetNext.

Peer-Relative Score
IG.MI
Italgas S.p.A.
47
Peer-Score
Signal qualityMedium
vs
SRG.MI
Snam S.p.A.
61
Peer-Score
Signal qualityMedium

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

The largest gaps do not all point in the same direction.

Dimension spread: IG.MI vs SRG.MI Profitability 3 54 Stability 40 76 Valuation 84 68 Growth 66 47 IG.MI SRG.MI
Gap Ranking
#1 Profitability +51
#2 Stability +36
#3 Growth +19
#4 Valuation +16
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for IG.MI and SRG.MI Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer IG.MISRG.MI Relative valuation Structural strength

The price setup looks more supportive for Snam S.p.A., but Italgas S.p.A. still has the stronger structure.

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

Relative Position vs Comparable Companies
Profitability
On profitability, Snam S.p.A. is positioned higher in the group, while Italgas S.p.A. is closer to the middle.
Stability
Both rank well on stability, but Snam S.p.A. still holds a clear edge.
Profitability — Dominant Gap
IG.MI
3
SRG.MI
54
Gap+51in favour of SRG.MI

The profitability lead is mainly driven by a 28-point operating margin advantage.

What keeps the gap from being one-sided

Italgas S.p.A still pushes back on growth, with a 30-point revenue-growth advantage that keeps the read from becoming one-way.

What this means for the comparison

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

Explore full peer positioning in AssetNext

Break down the IG.MI vs SRG.MI comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar profitability-and-stability comparisons

Explore how IG.MI and SRG.MI 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.

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.