VNE SpAMIL:VNE +1.69%33 Net Margin % is -0.14% as of Dec. 2025. GuruFocus rates MIL:VNE with a GF Score™ of 33/100 and a GF Value™ of €3.72 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 3,039 Industrial Products companies, VNE SpA ranks worse than 55.77% on this metric.
Net margin is calculated as Net Income divided by its Revenue. VNE SpA's Net Income for the
six
months ended in Dec. 2025 was €-0.01 Mil. VNE SpA's Revenue for the
six
months ended in Dec. 2025 was €9.02 Mil. Therefore, VNE SpA's net margin for the quarter that ended in Dec. 2025 was -0.14%.
The historical rank and industry rank for VNE SpA's Net Margin % or its related term are showing as below:
MIL:VNE'
s Net Margin % Range Over the Past 10 Years
Min: -8 Med: 0.34 Max: 3.56
Current: 3.55
MIL:VNE's Net Margin % is ranked worse than 55.77% of 3039
companies
in the Industrial Products industry
Industry Median: 4.53
vs MIL:VNE: 3.55
VNE SpA (MIL:VNE) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
VNE SpA Net Margin % Related Terms
VNE SpA Net Margin % Historical Data
* Premium members only.
The historical data trend for VNE SpA's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Specialty Industrial Machinery subindustry, VNE SpA's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
VNE SpA Net Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, VNE SpA's Net Margin % distribution charts can be found below:
* The bar in red indicates where VNE SpA's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
VNE SpA (MIL:VNE) has a Net Margin % of -0.14% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on VNE SpA and its competitors. According to the industry distribution chart, VNE SpA ranks #1695 out of 3039 companies in the Industrial Products industry, placing it in the top 55.8%.
Is VNE SpA's Net Margin % too high?
VNE SpA's current Net Margin % is -0.14%. Based on the distribution chart, VNE SpA ranks #1695 out of 3039 companies in the Industrial Products industry, which is below the industry midpoint. Overall, VNE SpA has a GF Score™ of 33/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does VNE SpA's Net Margin % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, VNE SpA ranks #1695 out of 3039 companies for Net Margin %. This places VNE SpA in the lower half of its industry. The industry median Net Margin % is 4.53. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Industrial Products company?
The median Net Margin % among Industrial Products companies is 4.53, based on 3,039 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on VNE SpA and its competitors. For the Industrial Products industry, the median Net Margin % is 4.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VNE SpA's current Net Margin % is -0.14%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VNE SpA stock overvalued right now?
Based on GuruFocus' analysis, VNE SpA (MIL:VNE) is currently considered Possible Value Trap. The stock's GF Value™ is €3.72, compared to a current price of €2.40 — trading 35.5% below its estimated fair value. The current Net Margin % is -0.14%. VNE SpA's overall GF Score™ is 33/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For VNE SpA (MIL:VNE), the current Net Margin % is -0.14% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is VNE SpA (MIL:VNE) Overvalued in 2026?
Based on GuruFocus' analysis, VNE SpA stock appears to be undervalued.
The current stock price of €2.40 is trading 35.5% below its estimated GF Value™ of €3.72.
GuruFocus considers VNE SpA to be Possible Value Trap.
Key valuation signals for MIL:VNE:
Net Margin %: -0.14%
GF Value™: €3.72 vs. price of €2.40 (35.5% below fair value)
No single metric tells the full story. See the MIL:VNE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
VNE SpA produces hardware and software for the management of banknotes, coins, and, more generally, payments and transactions through cash and cashless systems, offering a wide range of customized products. It creates, samples, and produces all its appliances internally. The company offers consulting and commercial assistance all over the world through a stable and efficient operating network; moreover, it guarantees qualified and immediate maintenance and technical assistance anywhere on every type of machine. The main markets where the company operates internationally are gambling, retail & vending, casino & ticket, and wherever there is a need to manage payments or automated transactions.
33GF Score
Get the complete analysis for MIL:VNE
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MIL:VNE has been successfully added to your 