Iren SpAIRDEF +10.34%75 Return-on-Tangible-Asset is 6.16% as of Mar. 2026, which is 73% above its 10-year median of 3.57. GuruFocus rates IRDEF with a GF Score™ of 75/100 and a GF Value™ of $2.19. The stock has 5 warning signs investors should review. Among 509 Utilities - Regulated companies, Iren SpA ranks better than 52.85% 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. Iren SpA's annualizedNet Income for the quarter that ended in Mar. 2026 was $595 Mil. Iren SpA's average total tangible assets for the quarter that ended in Mar. 2026 was $9,651 Mil. Therefore, Iren SpA's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.16%.
The historical rank and industry rank for Iren SpA's Return-on-Tangible-Asset or its related term are showing as below:
IRDEF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.81 Med: 3.57 Max: 4.19
Current: 3.5
During the past 13 years, Iren SpA's highest Return-on-Tangible-Asset was 4.19%. The lowest was 2.81%. And the median was 3.57%.
IRDEF's Return-on-Tangible-Asset is ranked better than 52.85% of 509
companies
in the Utilities - Regulated industry
Industry Median: 3.3
vs IRDEF: 3.50
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.
Iren SpA Return-on-Tangible-Asset Related Terms
Iren SpA Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Iren 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.
For the Utilities - Diversified subindustry, Iren 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.
Iren SpA Return-on-Tangible-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Iren SpA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Iren 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 6.16% mean?
Iren SpA (IRDEF) has a Return-on-Tangible-Asset of 6.16% 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 Iren SpA and its competitors. This is 73% above median its historical median of 3.57. Over the past decade, Iren SpA's Return-on-Tangible-Asset has ranged from 2.81 to 4.19. According to the industry distribution chart, Iren SpA ranks #240 out of 509 companies in the Utilities - Regulated industry, placing it in the top 47.2%.
Is Iren SpA's Return-on-Tangible-Asset too high?
Iren SpA's current Return-on-Tangible-Asset of 6.16% is 73% above median its 10-year median of 3.57. Over the past 10 years, this metric has ranged from a low of 2.81 to a high of 4.19. The Utilities - Regulated industry median Return-on-Tangible-Asset is 3.30. Iren SpA's value of 6.16% is 86.7% above this industry median. Based on the distribution chart, Iren SpA ranks #240 out of 509 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Iren SpA has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Iren SpA's Return-on-Tangible-Asset compare to SRE?
According to the Utilities - Regulated industry distribution chart, Iren SpA ranks #240 out of 509 companies for Return-on-Tangible-Asset. This puts Iren SpA in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.30. Iren SpA's value of 6.16% is 86.7% above this benchmark. Historically, Iren SpA's own Return-on-Tangible-Asset has ranged from 2.81 to 4.19 over the past decade. While the company's 10-year median is 3.57 vs. the industry median of 3.30, Iren 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 an Utilities - Regulated company?
The median Return-on-Tangible-Asset among Utilities - Regulated companies is 3.30, based on 509 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. Iren SpA's current Return-on-Tangible-Asset of 6.16% is 86.7% 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 Iren SpA and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Asset is 3.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Iren SpA's current Return-on-Tangible-Asset is 6.16%, which is 73% above median its own 10-year median of 3.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iren SpA stock overvalued right now?
Iren SpA (IRDEF) has a current Return-on-Tangible-Asset of 6.16%. The stock's GF Value™ is $2.19, compared to a current price of $2.88 — trading 31.5% above its estimated fair value. The current Return-on-Tangible-Asset is 6.16%, which is 73% above median its 10-year median of 3.57 and 86.7% above the Utilities - Regulated industry median of 3.30. Iren SpA's overall GF Score™ is 75/100 with 5 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 Iren SpA (IRDEF), the current Return-on-Tangible-Asset is 6.16% 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 Iren SpA (IRDEF) Overvalued in 2026?
Based on GuruFocus' analysis, Iren SpA stock appears to be overvalued.
The current stock price of $2.88 is trading 31.5% above its estimated GF Value™ of $2.19.
Key valuation signals for IRDEF:
Return-on-Tangible-Asset: 6.16% (73% above median its 10-year median of 3.57)
GF Value™: $2.19 vs. price of $2.88 (31.5% above fair value)
Industry Position: 86.7% above the Utilities - Regulated median (#240 of 509)
No single metric tells the full story. See the IRDEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Iren SpA is a multi-service Italian utilities holding company that produces and distributes electricity and natural gas. It also provides district heating, water, and environmental services. Iren has five operating companies that include Iren Acqua Gas, Iren Energia (electricity and thermal production), Iren Mercato (sale of electricity, gas, and district heating), Iren Emilia (gas distribution), and Iren Ambiente (environmental services). The company primarily uses hydroelectric, cogeneration, and wind power as energy sources. The majority of revenue is derived from the distribution and sale of electricity and natural gas products and services.
75GF Score
Get the complete analysis for IRDEF
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
IRDEF has been successfully added to your 
