Confinvest Oro SpAMIL:CFV +1.87%64 Return-on-Tangible-Asset is 17.46% as of Dec. 2025, which is 140% above its 10-year median of 7.26. GuruFocus rates MIL:CFV with a GF Score™ of 64/100 and a GF Value™ of €2.77 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 815 Capital Markets companies, Confinvest Oro SpA ranks better than 91.29% 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. Confinvest Oro SpA's annualizedNet Income for the quarter that ended in Dec. 2025 was €1.46 Mil. Confinvest Oro SpA's average total tangible assets for the quarter that ended in Dec. 2025 was €8.34 Mil. Therefore, Confinvest Oro SpA's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 17.46%.
The historical rank and industry rank for Confinvest Oro SpA's Return-on-Tangible-Asset or its related term are showing as below:
MIL:CFV'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.95 Med: 7.26 Max: 17.76
Current: 17.76
During the past 9 years, Confinvest Oro SpA's highest Return-on-Tangible-Asset was 17.76%. The lowest was -1.95%. And the median was 7.26%.
MIL:CFV's Return-on-Tangible-Asset is ranked better than 91.29% of 815
companies
in the Capital Markets industry
Industry Median: 1.54
vs MIL:CFV: 17.76
Confinvest Oro SpA (MIL:CFV) 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.
Confinvest Oro SpA Return-on-Tangible-Asset Related Terms
Confinvest Oro SpA Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Confinvest Oro 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:CFV vs MS, GS, SCHW: Return-on-Tangible-Asset Comparison
For the Capital Markets subindustry, Confinvest Oro 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.
Confinvest Oro SpA Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Confinvest Oro SpA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Confinvest Oro 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 17.46% mean?
Confinvest Oro SpA (MIL:CFV) has a Return-on-Tangible-Asset of 17.46% 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 Confinvest Oro SpA and its competitors. This is 140% above median its historical median of 7.26. According to the industry distribution chart, Confinvest Oro SpA ranks #71 out of 815 companies in the Capital Markets industry, placing it in the top 8.7%.
Is Confinvest Oro SpA's Return-on-Tangible-Asset too high?
Confinvest Oro SpA's current Return-on-Tangible-Asset of 17.46% is 140% above median its 10-year median of 7.26. The Capital Markets industry median Return-on-Tangible-Asset is 1.54. Confinvest Oro SpA's value of 17.46% is 1033.8% above this industry median. Based on the distribution chart, Confinvest Oro SpA ranks #71 out of 815 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Confinvest Oro SpA has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Confinvest Oro SpA's Return-on-Tangible-Asset compare to MS and GS?
According to the Capital Markets industry distribution chart, Confinvest Oro SpA ranks #71 out of 815 companies for Return-on-Tangible-Asset. This places Confinvest Oro SpA in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.54. Confinvest Oro SpA's value of 17.46% is 1033.8% above this benchmark. While the company's 10-year median is 7.26 vs. the industry median of 1.54, Confinvest Oro 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 Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.54, based on 815 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. Confinvest Oro SpA's current Return-on-Tangible-Asset of 17.46% is 1033.8% 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 Confinvest Oro SpA and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Confinvest Oro SpA's current Return-on-Tangible-Asset is 17.46%, which is 140% above median its own 10-year median of 7.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Confinvest Oro SpA stock overvalued right now?
Based on GuruFocus' analysis, Confinvest Oro SpA (MIL:CFV) is currently considered Modestly Undervalued. The stock's GF Value™ is €2.77, compared to a current price of €2.18 — trading 21.3% below its estimated fair value. The current Return-on-Tangible-Asset is 17.46%, which is 140% above median its 10-year median of 7.26 and 1033.8% above the Capital Markets industry median of 1.54. Confinvest Oro SpA's overall GF Score™ is 64/100 with 7 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 Confinvest Oro SpA (MIL:CFV), the current Return-on-Tangible-Asset is 17.46% 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 Confinvest Oro SpA (MIL:CFV) Overvalued in 2026?
Based on GuruFocus' analysis, Confinvest Oro SpA stock appears to be undervalued.
The current stock price of €2.18 is trading 21.3% below its estimated GF Value™ of €2.77.
GuruFocus considers Confinvest Oro SpA to be Modestly Undervalued.
Key valuation signals for MIL:CFV:
Return-on-Tangible-Asset: 17.46% (140% above median its 10-year median of 7.26)
GF Value™: €2.77 vs. price of €2.18 (21.3% below fair value)
Industry Position: 1033.8% above the Capital Markets median (#71 of 815)
No single metric tells the full story. See the MIL:CFV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Confinvest Oro SpA operates as a dealer of physical investment gold, engaging in the buying and selling of coins and bars that comply with international standards. The Company operates on both a national and international scale, serving both retail and wholesale markets, and utilizes insured logistics services for delivery, collection, and custody. It has developed CONTO LINGOTTO, a digital platform that, via a dedicated app, enables users to buy and sell fractional amounts of physical gold without taking physical possession of the asset.
64GF Score
Get the complete analysis for MIL:CFV
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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