B&C Speakers SpAMIL:BEC +0.91%71 Return-on-Tangible-Asset is 15.38% as of Mar. 2026, which is 13% below its 10-year median of 17.74. GuruFocus rates MIL:BEC with a GF Score™ of 71/100 and a GF Value™ of €17.10 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,498 Hardware companies, B&C Speakers SpA ranks better than 88.55% 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. B&C Speakers SpA's annualizedNet Income for the quarter that ended in Mar. 2026 was €13.84 Mil. B&C Speakers SpA's average total tangible assets for the quarter that ended in Mar. 2026 was €90.01 Mil. Therefore, B&C Speakers SpA's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 15.38%.
The historical rank and industry rank for B&C Speakers SpA's Return-on-Tangible-Asset or its related term are showing as below:
MIL:BEC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.84 Med: 17.74 Max: 22.53
Current: 11.12
During the past 13 years, B&C Speakers SpA's highest Return-on-Tangible-Asset was 22.53%. The lowest was 3.84%. And the median was 17.74%.
MIL:BEC's Return-on-Tangible-Asset is ranked better than 88.55% of 2498
companies
in the Hardware industry
Industry Median: 2.44
vs MIL:BEC: 11.12
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.
B&C Speakers SpA Return-on-Tangible-Asset Related Terms
B&C Speakers SpA Return-on-Tangible-Asset Historical Data
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The historical data trend for B&C Speakers 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:BEC vs AAPL: Return-on-Tangible-Asset Comparison
For the Consumer Electronics subindustry, B&C Speakers 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.
B&C Speakers SpA Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, B&C Speakers SpA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where B&C Speakers 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 15.38% mean?
B&C Speakers SpA (MIL:BEC) has a Return-on-Tangible-Asset of 15.38% 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 B&C Speakers SpA and its competitors. This is 13% below median its historical median of 17.74. Over the past decade, B&C Speakers SpA's Return-on-Tangible-Asset has ranged from 3.84 to 22.53. According to the industry distribution chart, B&C Speakers SpA ranks #286 out of 2498 companies in the Hardware industry, placing it in the top 11.4%.
Is B&C Speakers SpA's Return-on-Tangible-Asset too high?
B&C Speakers SpA's current Return-on-Tangible-Asset of 15.38% is 13% below median its 10-year median of 17.74. Over the past 10 years, this metric has ranged from a low of 3.84 to a high of 22.53. The Hardware industry median Return-on-Tangible-Asset is 2.44. B&C Speakers SpA's value of 15.38% is 530.3% above this industry median. Based on the distribution chart, B&C Speakers SpA ranks #286 out of 2498 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, B&C Speakers SpA has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does B&C Speakers SpA's Return-on-Tangible-Asset compare to AAPL?
According to the Hardware industry distribution chart, B&C Speakers SpA ranks #286 out of 2498 companies for Return-on-Tangible-Asset. This places B&C Speakers SpA in the top 11% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.44. B&C Speakers SpA's value of 15.38% is 530.3% above this benchmark. Historically, B&C Speakers SpA's own Return-on-Tangible-Asset has ranged from 3.84 to 22.53 over the past decade. While the company's 10-year median is 17.74 vs. the industry median of 2.44, B&C Speakers 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.44, based on 2,498 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. B&C Speakers SpA's current Return-on-Tangible-Asset of 15.38% is 530.3% 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 B&C Speakers SpA and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. B&C Speakers SpA's current Return-on-Tangible-Asset is 15.38%, which is 13% below median its own 10-year median of 17.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is B&C Speakers SpA stock overvalued right now?
Based on GuruFocus' analysis, B&C Speakers SpA (MIL:BEC) is currently considered Significantly Undervalued. The stock's GF Value™ is €17.10, compared to a current price of €11.10 — trading 35.1% below its estimated fair value. The current Return-on-Tangible-Asset is 15.38%, which is 13% below median its 10-year median of 17.74 and 530.3% above the Hardware industry median of 2.44. B&C Speakers SpA's overall GF Score™ is 71/100 with 2 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 B&C Speakers SpA (MIL:BEC), the current Return-on-Tangible-Asset is 15.38% 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 B&C Speakers SpA (MIL:BEC) Overvalued in 2026?
Based on GuruFocus' analysis, B&C Speakers SpA stock appears to be undervalued.
The current stock price of €11.10 is trading 35.1% below its estimated GF Value™ of €17.10.
GuruFocus considers B&C Speakers SpA to be Significantly Undervalued.
Key valuation signals for MIL:BEC:
Return-on-Tangible-Asset: 15.38% (13% below median its 10-year median of 17.74)
GF Value™: €17.10 vs. price of €11.10 (35.1% below fair value)
Industry Position: 530.3% above the Hardware median (#286 of 2498)
No single metric tells the full story. See the MIL:BEC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
B&C Speakers SpA is an Italy-based company engaged in the production and marketing of professional loudspeakers. Its speaker product offerings span across different categories, including high-frequency drivers, low-frequency drivers, tweeters, coaxials, and horn drivers. The company operates its business in a single sector, acoustic transducers. Geographically, it derives maximum revenue from Europe (excluding Italy), followed by the Asia-Pacific region, Italy, North America, Latin America, and the Middle East and Africa.
71GF Score
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