--- title: "A Look At Eni (BIT:ENI) Valuation After Strong Q1 Results And Expanded Buyback Program" type: "News" locale: "en" url: "https://longbridge.com/en/news/284542605.md" description: "Eni (BIT:ENI) has gained attention following strong Q1 2026 results, raising its full-year cash flow guidance and expanding its share buyback program. With a current share price of €23.415, Eni has seen a 90-day return of 37.12% and a year-to-date return of 43.11%. Analysts suggest Eni is undervalued at €24.42, driven by growth in biorefining and sustainable mobility. However, its P/E ratio of 23.2x is above industry peers, indicating mixed sentiment on its valuation. Investors are advised to consider both opportunities and risks before making decisions." datetime: "2026-04-29T10:07:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284542605.md) - [en](https://longbridge.com/en/news/284542605.md) - [zh-HK](https://longbridge.com/zh-HK/news/284542605.md) --- # A Look At Eni (BIT:ENI) Valuation After Strong Q1 Results And Expanded Buyback Program Eni (BIT:ENI) is back in focus after first quarter 2026 results. Raised full year cash flow guidance, a larger share buyback plan, and new resource discoveries are capturing fresh investor attention. See our latest analysis for Eni. At a share price of €23.415, Eni has a 90 day share price return of 37.12% and a year to date share price return of 43.11%. The 1 year total shareholder return of 96.76% underscores strong recent momentum. If this kind of energy driven rebound has your attention, it may be a good moment to look at other opportunities in related infrastructure through the 33 power grid technology and infrastructure stocks With the share price already up sharply and Eni trading at around a 46% discount to one estimate of intrinsic value, is the market still underestimating this integrated energy group, or is it already baking in future growth? ## Most Popular Narrative: 4.1% Undervalued With Eni's fair value in the most followed narrative at €24.42 versus a last close of €23.415, the gap is modest and rests on some ambitious transition projects. > _The acceleration of Eni's biorefining and sustainable mobility businesses, including multiple new biorefinery projects and partnerships (e.g., Ares in Plenitude, KKR in Enilive), supports growth in lower-carbon, higher-margin revenue streams. Enhanced market demand and supportive regulatory changes, especially in EU and US biofuels, are likely catalysts for margin expansion and improved return on equity._ _Read the complete narrative._ Read the complete narrative. Curious what kind of revenue mix and margin profile could justify this valuation gap? The narrative leans heavily on higher quality earnings from cleaner fuels and mobility, plus a specific earnings multiple that assumes meaningful progress well beyond traditional upstream operations. **Result: Fair Value of €24.42 (UNDERVALUED)** Have a read of the narrative in full and understand what's behind the forecasts. However, this story can change quickly if Plenitude stays cash flow negative for longer than expected, or if geopolitical issues disrupt Eni's upstream and LNG projects. Find out about the key risks to this Eni narrative. ## Another Way To Look At Value While one narrative points to a modest 4.1% undervaluation using fair value estimates, the current P/E of 23.2x tells a tougher story. It sits well above the European Oil and Gas industry at 16.6x and peers at 16.7x, yet below a 26.7x fair ratio. That mix suggests less of a clear bargain and more of a judgment call on how far the market might move toward that fair ratio. Before you lean too heavily on earnings multiples, it can help to see what the underlying numbers imply about pricing power, growth assumptions, and downside if sentiment cools. You can then compare that with other names on your radar.See what the numbers say about this price — find out in our valuation breakdown. BIT:ENI P/E Ratio as at Apr 2026 ## Next Steps With sentiment split between opportunity and caution, it can help to move quickly, review the numbers yourself, and pressure test both sides of the argument using the 3 key rewards and 1 important warning sign ## Ready To Hunt For Your Next Idea? If Eni has sharpened your focus, do not stop here. Use this momentum to scan wider, compare opportunities, and pressure test your portfolio thesis. - Target underpriced quality by sizing up companies that combine fundamentals with a potential margin of safety through the 232 high quality undervalued stocks. - Strengthen your income stream by reviewing companies with higher yields that aim to keep distributions coming through the 478 dividend fortresses. - Prioritize resilience by focusing on businesses with sturdier finances using the 305 resilient stocks with low risk scores. _This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned._ ### Valuation is complex, but we're here to simplify it. Discover if Eni might be undervalued or overvalued with our detailed analysis, featuring **fair value estimates, potential risks, dividends, insider trades, and its financial condition.** Access Free Analysis ### Related Stocks - [E.US](https://longbridge.com/en/quote/E.US.md) - [EIPAF.US](https://longbridge.com/en/quote/EIPAF.US.md) - [ARES.US](https://longbridge.com/en/quote/ARES.US.md) - [KKR.US](https://longbridge.com/en/quote/KKR.US.md) - [ARES-B.US](https://longbridge.com/en/quote/ARES-B.US.md) - [KKRS.US](https://longbridge.com/en/quote/KKRS.US.md) - [KKR-D.US](https://longbridge.com/en/quote/KKR-D.US.md) - [KKRT.US](https://longbridge.com/en/quote/KKRT.US.md) ## Related News & Research - [Eni (E) Q2 2026 Earnings Call Transcript](https://longbridge.com/en/news/294278426.md) - [Eni unit Enilive Austria opens Gold-certified truck parking site on Austria A8 highway](https://longbridge.com/en/news/294699401.md) - [Eni executive Erika Mandraffino sells 3,328 ordinary shares for EUR 79,436.40](https://longbridge.com/en/news/294785707.md) - [Goldman Sachs Sticks to Their Buy Rating for ENI S.p.A. 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