Home Compare SRG.MI vs TRN.MI
Stock Comparison · Single-driver result

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

Terna S.p.A leads structurally, with growth as the clearest single gap between the two profiles. The remaining gap is narrow enough that the comparison remains open to different readings. 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

Growth still does most of the heavy lifting in this comparison. The overall score gap is 8 points in favour of Terna S.p.A..

Trajectory Similarity
0.80
Similar
Peer-set rank: #11
within Snam S.p.A.'s functional peer set

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

This level of similarity signals a strong structural match, even though some dimensions still separate the two companies.

The match is driven mainly by capital structure and recent revenue growth.

Similarity drivers
capital structurerecent revenue growth
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
SRG.MI
Snam S.p.A.
57
Peer-Score
Signal qualitylow
Peer basis: STOXX 600
vs
TRN.MI
Terna S.p.A.
65
Peer-Score
Signal qualitylow
Peer basis: STOXX 600

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

The clearest separation appears in growth.

Dimension spread: SRG.MI vs TRN.MI Profitability 67 69 Stability 57 60 Valuation 68 59 Growth 27 74 SRG.MI TRN.MI
Gap Ranking
#1 Growth +47
#2 Valuation +9
#3 Stability +3
#4 Profitability +2
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

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

The setup is mixed: neither company clearly combines the stronger profile with the more supportive price setup.

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

Entry today — historical context

Where SRG.MI and TRN.MI each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY SRG.MI Elevated · near norm 0th 50th 100th 1 pct gap TRN.MI Elevated · above norm 0th 50th 100th 95th 96th
SRG.MI (95th percentile) and TRN.MI (96th 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
Growth
Terna S.p.A. ranks near the top of the group on growth; Snam S.p.A. sits in the weaker half.
Valuation
On valuation, the same pattern holds: both rank well, but Snam S.p.A. still sits higher.
Growth — Dominant Gap
SRG.MI
27
TRN.MI
74
Gap+47in favour of TRN.MI

The current lead is backed by a stronger multi-year growth trajectory.

What keeps the gap from being one-sided

Absolute pricing still looks more supportive for Snam S.p.A, with a forward P/E that is 3.2 turns lower there.

What this means for the comparison

Growth clearly separates the pair, while the broader read stays strong rather than one-way.

Explore full peer positioning in AssetNext

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

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Similar growth-driven comparisons

Explore how SRG.MI and TRN.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.

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.