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Frendy Energy SpAMIL:FRE +1.08%30 Price-to-Tangible-Book is 1.01 as of Aug. 12, 2026, which is 17% below its 10-year median of 1.21. GuruFocus rates MIL:FRE with a GF Score™ of 30/100 and a GF Value™ of €0.22 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 414 Utilities - Independent Power Producers companies, Frendy Energy SpA ranks better than 67.15% on this metric.
The historical rank and industry rank for Frendy Energy SpA's Price-to-Tangible-Book or its related term are showing as below:
MIL:FRE'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.74 Med: 1.21 Max: 1.46
Current: 0.98
During the past 13 years, Frendy Energy SpA's highest Price to Tangible Book Ratio was 1.46. The lowest was 0.74. And the median was 1.21.
MIL:FRE's Price-to-Tangible-Book is ranked better than 67.15% of 414
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.495
vs MIL:FRE: 0.98
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Frendy Energy SpA Price-to-Tangible-Book Related Terms
Frendy Energy SpA Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Frendy Energy SpA's Price-to-Tangible-Book 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.
Frendy Energy SpA Price-to-Tangible-Book Competitor Comparison
For the Utilities - Renewable subindustry, Frendy Energy SpA's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.
Frendy Energy SpA Price-to-Tangible-Book vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Frendy Energy SpA's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Frendy Energy SpA's Price-to-Tangible-Book 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Frendy Energy SpA (MIL:FRE) has a Price-to-Tangible-Book of 1.01 as of Aug. 12, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Frendy Energy SpA and its competitors. This is 17% below median its historical median of 1.21. Over the past decade, Frendy Energy SpA's Price-to-Tangible-Book has ranged from 0.74 to 1.46. According to the industry distribution chart, Frendy Energy SpA ranks #136 out of 414 companies in the Utilities - Independent Power Producers industry, placing it in the top 32.9%.
Is Frendy Energy SpA's Price-to-Tangible-Book too high?
Frendy Energy SpA's current Price-to-Tangible-Book of 1.01 is 17% below median its 10-year median of 1.21. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 1.46. The Utilities - Independent Power Producers industry median Price-to-Tangible-Book is 1.50. Frendy Energy SpA's value of 1.01 is 32.4% below this industry median. Based on the distribution chart, Frendy Energy SpA ranks #136 out of 414 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Frendy Energy SpA has a GF Score™ of 30/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Frendy Energy SpA's Price-to-Tangible-Book compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Frendy Energy SpA ranks #136 out of 414 companies for Price-to-Tangible-Book. This puts Frendy Energy SpA in the upper half of its industry. The industry median Price-to-Tangible-Book is 1.50. Frendy Energy SpA's value of 1.01 is 32.4% below this benchmark. Historically, Frendy Energy SpA's own Price-to-Tangible-Book has ranged from 0.74 to 1.46 over the past decade. While the company's 10-year median is 1.21 vs. the industry median of 1.50, Frendy Energy SpA has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for an Utilities - Independent Power Producers company?
The median Price-to-Tangible-Book among Utilities - Independent Power Producers companies is 1.50, based on 414 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Frendy Energy SpA's current Price-to-Tangible-Book of 1.01 is 32.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Frendy Energy SpA and its competitors. For the Utilities - Independent Power Producers industry, the median Price-to-Tangible-Book is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frendy Energy SpA's current Price-to-Tangible-Book is 1.01, which is 17% below median its own 10-year median of 1.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frendy Energy SpA stock overvalued right now?
Based on GuruFocus' analysis, Frendy Energy SpA (MIL:FRE) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.22, compared to a current price of €0.19 — trading 15% below its estimated fair value. The current Price-to-Tangible-Book is 1.01, which is 17% below median its 10-year median of 1.21 and 32.4% below the Utilities - Independent Power Producers industry median of 1.50. Frendy Energy SpA's overall GF Score™ is 30/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Frendy Energy SpA (MIL:FRE), the current Price-to-Tangible-Book is 1.01 as of Aug. 12, 2026. 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 Frendy Energy SpA (MIL:FRE) Overvalued in 2026?
Based on GuruFocus' analysis, Frendy Energy SpA stock appears to be undervalued.
The current stock price of €0.19 is trading 15% below its estimated GF Value™ of €0.22.
GuruFocus considers Frendy Energy SpA to be Modestly Undervalued.
Key valuation signals for MIL:FRE:
Price-to-Tangible-Book: 1.01 (17% below median its 10-year median of 1.21)
GF Value™: €0.22 vs. price of €0.19 (15% below fair value)
Industry Position: 32.4% below the Utilities - Independent Power Producers median (#136 of 414)
No single metric tells the full story. See the MIL:FRE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Frendy Energy SpA is an Italian company. It is engaged in building and operating mini hydropower plants towards the production and sale of electricity.
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