Home Compare SO vs TRN.MI
Stock Comparison · Industry comparison · Utilities - Regulated Electric

The Southern Company vs Terna S.p.A.: Which Stock Looks Stronger in 2026?

The structural profiles are close, with Terna S.p.A carrying a narrow edge on profitability. The Southern Company still has the edge on stability, which keeps the comparison from looking entirely one-sided. The market setup broadly confirms the structural lead — Terna S.p.A holds the more constructive position. That puts structure and market broadly in agreement — Terna S.p.A's lead looks more confirmed than conflicted.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (SO: S&P 500, TRN.MI: STOXX 600).

Updated 2026-08-16

The comparison is mainly decided in profitability, with the rest of the profile carrying less weight.

INDUSTRY COMPARISON

Both operate in: Utilities - Regulated Electric

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

For a similarity-based comparison, see how The Southern Company and Terna S.p.A each position within their functional peer groups in AssetNext.

Peer-Relative Score
SO
The Southern Company
68
Peer-Score
Signal qualitylow
Peer basis: S&P 500
vs
TRN.MI
Terna S.p.A.
70
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 profitability.

Dimension spread: SO vs TRN.MI Profitability 72 99 Stability 74 57 Valuation 66 59 Growth 61 58 SO TRN.MI
Gap Ranking
#1 Profitability +27
#2 Stability +17
#3 Valuation +7
#4 Growth +3
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

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

The setup remains mixed because the stronger profile and the more supportive price setup do not sit on the same side.

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

Entry today — historical context

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

BASED ON 5-YEAR HISTORY SO Elevated · above norm 0th 50th 100th 3 pct gap TRN.MI Elevated · above norm 0th 50th 100th 92nd 94th
SO (92nd percentile) and TRN.MI (94th 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
Profitability
Both look solid on profitability, though Terna S.p.A. still holds the stronger peer position.
Stability
On stability, the edge still sits with The Southern Company, even though both profiles look solid.
Profitability — Dominant Gap
SO
72
TRN.MI
99
Gap+27in favour of TRN.MI

The profitability lead is mainly driven by a 15.5-point operating margin advantage.

What keeps the gap from being one-sided

A meaningful counterforce remains in stability, which keeps the comparison from looking completely one-sided.

What this means for the comparison

The main read on profitability is clearer than the broader score gap.

Explore full peer positioning in AssetNext

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

Explore full breakdown →
Similar profitability-and-stability comparisons

Explore how SO 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.