Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Elia Group/NVCHIX:ELIB 78 Return-on-Tangible-Asset is 2.20% as of Dec. 2025, which is 5% below its 10-year median of 2.32. GuruFocus rates CHIX:ELIB with a GF Score™ of 78/100 and a GF Value™ of €92.87 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 510 Utilities - Regulated companies, Elia Group/NV ranks worse than 66.67% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Elia Group/NV's annualizedNet Income for the quarter that ended in Dec. 2025 was €604 Mil. Elia Group/NV's average total tangible assets for the quarter that ended in Dec. 2025 was €27,412 Mil. Therefore, Elia Group/NV's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 2.20%.
The historical rank and industry rank for Elia Group/NV's Return-on-Tangible-Asset or its related term are showing as below:
CHIX:ELIb'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.05 Med: 2.32 Max: 4.46
Current: 2.29
During the past 13 years, Elia Group/NV's highest Return-on-Tangible-Asset was 4.46%. The lowest was 2.05%. And the median was 2.32%.
CHIX:ELIb's Return-on-Tangible-Asset is ranked worse than 66.67% of 510
companies
in the Utilities - Regulated industry
Industry Median: 3.305
vs CHIX:ELIb: 2.29
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Elia Group/NV Return-on-Tangible-Asset Related Terms
Elia Group/NV Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Elia Group/NV's Return-on-Tangible-Asset 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.
CHIX:ELIB vs NEE, SO, DUK: Return-on-Tangible-Asset Comparison
For the Utilities - Regulated Electric subindustry, Elia Group/NV's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Elia Group/NV Return-on-Tangible-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Elia Group/NV's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Elia Group/NV's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 2.20% mean?
Elia Group/NV (CHIX:ELIB) has a Return-on-Tangible-Asset of 2.20% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Elia Group/NV and its competitors. This is near median its historical median of 2.32. Over the past decade, Elia Group/NV's Return-on-Tangible-Asset has ranged from 2.05 to 4.46. According to the industry distribution chart, Elia Group/NV ranks #340 out of 510 companies in the Utilities - Regulated industry, placing it in the top 66.7%.
Is Elia Group/NV's Return-on-Tangible-Asset too high?
Elia Group/NV's current Return-on-Tangible-Asset of 2.20% is near median its 10-year median of 2.32. Over the past 10 years, this metric has ranged from a low of 2.05 to a high of 4.46. The Utilities - Regulated industry median Return-on-Tangible-Asset is 3.31. Elia Group/NV's value of 2.20% is 33.4% below this industry median. Based on the distribution chart, Elia Group/NV ranks #340 out of 510 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Elia Group/NV has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Elia Group/NV's Return-on-Tangible-Asset compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Elia Group/NV ranks #340 out of 510 companies for Return-on-Tangible-Asset. This places Elia Group/NV in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.31. Elia Group/NV's value of 2.20% is 33.4% below this benchmark. Historically, Elia Group/NV's own Return-on-Tangible-Asset has ranged from 2.05 to 4.46 over the past decade. While the company's 10-year median is 2.32 vs. the industry median of 3.31, Elia Group/NV 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 Return-on-Tangible-Asset for an Utilities - Regulated company?
The median Return-on-Tangible-Asset among Utilities - Regulated companies is 3.31, based on 510 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Elia Group/NV's current Return-on-Tangible-Asset of 2.20% is 33.4% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Elia Group/NV and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Asset is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elia Group/NV's current Return-on-Tangible-Asset is 2.20%, which is near median its own 10-year median of 2.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elia Group/NV stock overvalued right now?
Based on GuruFocus' analysis, Elia Group/NV (CHIX:ELIB) is currently considered Significantly Overvalued. The stock's GF Value™ is €92.87, compared to a current price of €139.80 — trading 50.5% above its estimated fair value. The current Return-on-Tangible-Asset is 2.20%, which is near median its 10-year median of 2.32 and 33.4% below the Utilities - Regulated industry median of 3.31. Elia Group/NV's overall GF Score™ is 78/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Elia Group/NV (CHIX:ELIB), the current Return-on-Tangible-Asset is 2.20% 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 Elia Group/NV (CHIX:ELIB) Overvalued in 2026?
Based on GuruFocus' analysis, Elia Group/NV stock appears to be overvalued.
The current stock price of €139.80 is trading 50.5% above its estimated GF Value™ of €92.87.
GuruFocus considers Elia Group/NV to be Significantly Overvalued.
Key valuation signals for CHIX:ELIB:
Return-on-Tangible-Asset: 2.20% (near median its 10-year median of 2.32)
GF Value™: €92.87 vs. price of €139.80 (50.5% above fair value)
Industry Position: 33.4% below the Utilities - Regulated median (#340 of 510)
No single metric tells the full story. See the CHIX:ELIB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elia Group SA/NV is a utility company that owns and develops electric grids in Central Europe. Elia maintains and operates high-voltage equipment and infrastructure projects, such as power lines, cables, and transformers. The company mainly generates revenue by serving as the electricity transmission system operator in both Germany and Belgium, where it provides electric grid usage. These countries also house many of the firm's energy infrastructure investments. Elia's operating segments are: 50Hertz Transmission Germany, which derives maximum revenue, Elia Transmission Belgium, and Non-regulated activities and Nemo Link. Geographically, it generates maximum revenue from Germany, and the rest from Belgium, Other EU countries, North America, and Asia and Africa.
78GF Score
Get the complete analysis for CHIX:ELIB
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CHIX:ELIB has been successfully added to your 
