Fiera Milano SpACHIX:FMM 73 Return-on-Tangible-Asset is 16.77% as of Mar. 2026, which is 221% above its 10-year median of 5.23. GuruFocus rates CHIX:FMM with a GF Score™ of 73/100 and a GF Value™ of €2.08. The stock has 3 warning signs investors should review. Among 1,094 Business Services companies, Fiera Milano SpA ranks better than 83.55% 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. Fiera Milano SpA's annualizedNet Income for the quarter that ended in Mar. 2026 was €109.5 Mil. Fiera Milano SpA's average total tangible assets for the quarter that ended in Mar. 2026 was €653.1 Mil. Therefore, Fiera Milano SpA's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 16.77%.
The historical rank and industry rank for Fiera Milano SpA's Return-on-Tangible-Asset or its related term are showing as below:
CHIX:FMm'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -15.02 Med: 5.23 Max: 15.98
Current: 12.64
During the past 13 years, Fiera Milano SpA's highest Return-on-Tangible-Asset was 15.98%. The lowest was -15.02%. And the median was 5.23%.
CHIX:FMm's Return-on-Tangible-Asset is ranked better than 83.55% of 1094
companies
in the Business Services industry
Industry Median: 3.9
vs CHIX:FMm: 12.64
Fiera Milano SpA (CHIX:FMm) Return-on-Tangible-Asset Explanation
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.
Fiera Milano SpA Return-on-Tangible-Asset Related Terms
Fiera Milano SpA Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Fiera Milano SpA'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:FMM vs CTAS, CPRT, ULS: Return-on-Tangible-Asset Comparison
For the Specialty Business Services subindustry, Fiera Milano SpA'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.
Fiera Milano SpA Return-on-Tangible-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, Fiera Milano SpA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Fiera Milano SpA'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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 16.77% mean?
Fiera Milano SpA (CHIX:FMM) has a Return-on-Tangible-Asset of 16.77% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Fiera Milano SpA and its competitors. This is 221% above median its historical median of 5.23. According to the industry distribution chart, Fiera Milano SpA ranks #180 out of 1094 companies in the Business Services industry, placing it in the top 16.5%.
Is Fiera Milano SpA's Return-on-Tangible-Asset too high?
Fiera Milano SpA's current Return-on-Tangible-Asset of 16.77% is 221% above median its 10-year median of 5.23. The Business Services industry median Return-on-Tangible-Asset is 3.90. Fiera Milano SpA's value of 16.77% is 330% above this industry median. Based on the distribution chart, Fiera Milano SpA ranks #180 out of 1094 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Fiera Milano SpA has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Fiera Milano SpA's Return-on-Tangible-Asset compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Fiera Milano SpA ranks #180 out of 1094 companies for Return-on-Tangible-Asset. This places Fiera Milano SpA in the top 17% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.90. Fiera Milano SpA's value of 16.77% is 330% above this benchmark. While the company's 10-year median is 5.23 vs. the industry median of 3.90, Fiera Milano SpA has consistently been above 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 a Business Services company?
The median Return-on-Tangible-Asset among Business Services companies is 3.90, based on 1,094 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. Fiera Milano SpA's current Return-on-Tangible-Asset of 16.77% is 330% above 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 Fiera Milano SpA and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 3.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fiera Milano SpA's current Return-on-Tangible-Asset is 16.77%, which is 221% above median its own 10-year median of 5.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fiera Milano SpA stock overvalued right now?
Fiera Milano SpA (CHIX:FMM) has a current Return-on-Tangible-Asset of 16.77%. The stock's GF Value™ is €2.08, compared to a current price of €3.13 — trading 50.5% above its estimated fair value. The current Return-on-Tangible-Asset is 16.77%, which is 221% above median its 10-year median of 5.23 and 330% above the Business Services industry median of 3.90. Fiera Milano SpA's overall GF Score™ is 73/100 with 3 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 Fiera Milano SpA (CHIX:FMM), the current Return-on-Tangible-Asset is 16.77% as of Mar. 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 Fiera Milano SpA (CHIX:FMM) Overvalued in 2026?
Based on GuruFocus' analysis, Fiera Milano SpA stock appears to be overvalued.
The current stock price of €3.13 is trading 50.5% above its estimated GF Value™ of €2.08.
Key valuation signals for CHIX:FMM:
Return-on-Tangible-Asset: 16.77% (221% above median its 10-year median of 5.23)
GF Value™: €2.08 vs. price of €3.13 (50.5% above fair value)
Industry Position: 330% above the Business Services median (#180 of 1094)
No single metric tells the full story. See the CHIX:FMM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fiera Milano SpA is a trade fair company. Its operating segments include Italian Exhibitions Business, Foreign Exhibitions Business, Congresses, and Other Sectors. The Italian Exhibitions and Foreign Exhibitions segment covers all activities for organizing and hosting exhibitions and other events in Italy and abroad through the use, promotion, and offer of furnished exhibition spaces, project support, and ancillary services. It also engages in stand-fitting, technical, and exhibition site services. The Congresses segment covers the management of conferences and events. It generates the majority of the revenue from Italian exhibitions segment. Geographically, it operates in Italy and Abroad, where it derives maximum revenue from Italy.
73GF Score
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