A.b.p. Nocivelli SpAMIL:ABP +4.39%89 Return-on-Tangible-Asset is 13.53% as of Dec. 2025, which is 5% below its 10-year median of 14.24. GuruFocus rates MIL:ABP with a GF Score™ of 89/100 and a GF Value™ of €6.49 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,779 Construction companies, A.b.p. Nocivelli SpA ranks better than 89.04% 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. A.b.p. Nocivelli SpA's annualizedNet Income for the quarter that ended in Dec. 2025 was €14.62 Mil. A.b.p. Nocivelli SpA's average total tangible assets for the quarter that ended in Dec. 2025 was €108.06 Mil. Therefore, A.b.p. Nocivelli SpA's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 13.53%.
The historical rank and industry rank for A.b.p. Nocivelli SpA's Return-on-Tangible-Asset or its related term are showing as below:
MIL:ABP'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 10.84 Med: 14.24 Max: 15.71
Current: 11.59
During the past 7 years, A.b.p. Nocivelli SpA's highest Return-on-Tangible-Asset was 15.71%. The lowest was 10.84%. And the median was 14.24%.
MIL:ABP's Return-on-Tangible-Asset is ranked better than 89.04% of 1779
companies
in the Construction industry
Industry Median: 3.03
vs MIL:ABP: 11.59
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.
A.b.p. Nocivelli SpA Return-on-Tangible-Asset Related Terms
A.b.p. Nocivelli SpA Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for A.b.p. Nocivelli 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.
MIL:ABP vs PWR, FIX, EME: Return-on-Tangible-Asset Comparison
For the Engineering & Construction subindustry, A.b.p. Nocivelli 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.
A.b.p. Nocivelli SpA Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, A.b.p. Nocivelli SpA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where A.b.p. Nocivelli 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 two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 13.53% mean?
A.b.p. Nocivelli SpA (MIL:ABP) has a Return-on-Tangible-Asset of 13.53% 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 A.b.p. Nocivelli SpA and its competitors. This is near median its historical median of 14.24. Over the past decade, A.b.p. Nocivelli SpA's Return-on-Tangible-Asset has ranged from 10.84 to 15.71. According to the industry distribution chart, A.b.p. Nocivelli SpA ranks #195 out of 1779 companies in the Construction industry, placing it in the top 11%.
Is A.b.p. Nocivelli SpA's Return-on-Tangible-Asset too high?
A.b.p. Nocivelli SpA's current Return-on-Tangible-Asset of 13.53% is near median its 10-year median of 14.24. Over the past 10 years, this metric has ranged from a low of 10.84 to a high of 15.71. The Construction industry median Return-on-Tangible-Asset is 3.03. A.b.p. Nocivelli SpA's value of 13.53% is 346.5% above this industry median. Based on the distribution chart, A.b.p. Nocivelli SpA ranks #195 out of 1779 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, A.b.p. Nocivelli SpA has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does A.b.p. Nocivelli SpA's Return-on-Tangible-Asset compare to PWR and FIX?
According to the Construction industry distribution chart, A.b.p. Nocivelli SpA ranks #195 out of 1779 companies for Return-on-Tangible-Asset. This places A.b.p. Nocivelli SpA in the top 11% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.03. A.b.p. Nocivelli SpA's value of 13.53% is 346.5% above this benchmark. Historically, A.b.p. Nocivelli SpA's own Return-on-Tangible-Asset has ranged from 10.84 to 15.71 over the past decade. While the company's 10-year median is 14.24 vs. the industry median of 3.03, A.b.p. Nocivelli 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 Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.03, based on 1,779 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. A.b.p. Nocivelli SpA's current Return-on-Tangible-Asset of 13.53% is 346.5% 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 A.b.p. Nocivelli SpA and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. A.b.p. Nocivelli SpA's current Return-on-Tangible-Asset is 13.53%, which is near median its own 10-year median of 14.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is A.b.p. Nocivelli SpA stock overvalued right now?
Based on GuruFocus' analysis, A.b.p. Nocivelli SpA (MIL:ABP) is currently considered Fairly Valued. The stock's GF Value™ is €6.49, compared to a current price of €5.95 — trading 8.3% below its estimated fair value. The current Return-on-Tangible-Asset is 13.53%, which is near median its 10-year median of 14.24 and 346.5% above the Construction industry median of 3.03. A.b.p. Nocivelli SpA's overall GF Score™ is 89/100 with 1 warning sign 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 A.b.p. Nocivelli SpA (MIL:ABP), the current Return-on-Tangible-Asset is 13.53% 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 A.b.p. Nocivelli SpA (MIL:ABP) Overvalued in 2026?
Based on GuruFocus' analysis, A.b.p. Nocivelli SpA stock appears to be undervalued.
The current stock price of €5.95 is trading 8.3% below its estimated GF Value™ of €6.49.
GuruFocus considers A.b.p. Nocivelli SpA to be Fairly Valued.
Key valuation signals for MIL:ABP:
Return-on-Tangible-Asset: 13.53% (near median its 10-year median of 14.24)
GF Value™: €6.49 vs. price of €5.95 (8.3% below fair value)
Industry Position: 346.5% above the Construction median (#195 of 1779)
No single metric tells the full story. See the MIL:ABP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
A.b.p. Nocivelli SpA is engaged in designing, implementing, and managing public hospital infrastructures. The activities of the company are Construction of technologicalinstallations, Building and plant renovation, provision of SPECT-CT tomography, electrical and mechanical installations, and others. The projects of the company include Spedali Civili Hospital in Brescia.
89GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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