Emak SpAMIL:EM -1.03%48 Return-on-Tangible-Asset is 6.27% as of Mar. 2026, which is 49% above its 10-year median of 4.21. GuruFocus rates MIL:EM with a GF Score™ of 48/100 and a GF Value™ of €0.97 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 3,070 Industrial Products companies, Emak SpA ranks worse than 59.64% 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. Emak SpA's annualizedNet Income for the quarter that ended in Mar. 2026 was €39.3 Mil. Emak SpA's average total tangible assets for the quarter that ended in Mar. 2026 was €626.4 Mil. Therefore, Emak SpA's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.27%.
The historical rank and industry rank for Emak SpA's Return-on-Tangible-Asset or its related term are showing as below:
MIL:EM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.96 Med: 4.21 Max: 6.14
Current: 1.99
During the past 13 years, Emak SpA's highest Return-on-Tangible-Asset was 6.14%. The lowest was 0.96%. And the median was 4.21%.
MIL:EM's Return-on-Tangible-Asset is ranked worse than 59.64% of 3070
companies
in the Industrial Products industry
Industry Median: 3.245
vs MIL:EM: 1.99
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.
Emak SpA Return-on-Tangible-Asset Related Terms
Emak SpA Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Emak 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:EM vs SNA, RBC, LECO: Return-on-Tangible-Asset Comparison
For the Tools & Accessories subindustry, Emak 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.
Emak SpA Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Emak SpA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Emak 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 6.27% mean?
Emak SpA (MIL:EM) has a Return-on-Tangible-Asset of 6.27% 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 Emak SpA and its competitors. This is 49% above median its historical median of 4.21. Over the past decade, Emak SpA's Return-on-Tangible-Asset has ranged from 0.96 to 6.14. According to the industry distribution chart, Emak SpA ranks #1831 out of 3070 companies in the Industrial Products industry, placing it in the top 59.6%.
Is Emak SpA's Return-on-Tangible-Asset too high?
Emak SpA's current Return-on-Tangible-Asset of 6.27% is 49% above median its 10-year median of 4.21. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 6.14. The Industrial Products industry median Return-on-Tangible-Asset is 3.25. Emak SpA's value of 6.27% is 93.2% above this industry median. Based on the distribution chart, Emak SpA ranks #1831 out of 3070 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Emak SpA has a GF Score™ of 48/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Emak SpA's Return-on-Tangible-Asset compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Emak SpA ranks #1831 out of 3070 companies for Return-on-Tangible-Asset. This places Emak SpA in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.25. Emak SpA's value of 6.27% is 93.2% above this benchmark. Historically, Emak SpA's own Return-on-Tangible-Asset has ranged from 0.96 to 6.14 over the past decade. While the company's 10-year median is 4.21 vs. the industry median of 3.25, Emak 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 Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.25, based on 3,070 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. Emak SpA's current Return-on-Tangible-Asset of 6.27% is 93.2% 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 Emak SpA and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emak SpA's current Return-on-Tangible-Asset is 6.27%, which is 49% above median its own 10-year median of 4.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emak SpA stock overvalued right now?
Based on GuruFocus' analysis, Emak SpA (MIL:EM) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.97, compared to a current price of €0.87 — trading 10.7% below its estimated fair value. The current Return-on-Tangible-Asset is 6.27%, which is 49% above median its 10-year median of 4.21 and 93.2% above the Industrial Products industry median of 3.25. Emak SpA's overall GF Score™ is 48/100 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 Emak SpA (MIL:EM), the current Return-on-Tangible-Asset is 6.27% 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 Emak SpA (MIL:EM) Overvalued in 2026?
Based on GuruFocus' analysis, Emak SpA stock appears to be undervalued.
The current stock price of €0.87 is trading 10.7% below its estimated GF Value™ of €0.97.
GuruFocus considers Emak SpA to be Modestly Undervalued.
Key valuation signals for MIL:EM:
Return-on-Tangible-Asset: 6.27% (49% above median its 10-year median of 4.21)
GF Value™: €0.97 vs. price of €0.87 (10.7% below fair value)
Industry Position: 93.2% above the Industrial Products median (#1831 of 3070)
No single metric tells the full story. See the MIL:EM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Emak SpA is engaged in the manufacturing and distribution of machines, parts, and accessories for gardening, forestry, agriculture, and industry. It operates through the following segments: Outdoor Power Equipment, Pumps and Water Jetting, and Components and Accessories. Maximum revenue is generated from the Pumps and Water Jetting segment, which offers membrane pumps for the agricultural sector, piston pumps for the industrial sector, professional and semi-professional high-pressure washers, hydrodynamic units, and urban cleaning machines. Geographically, the company generates maximum revenue from Europe, followed by the Americas, Asia, Africa, and Oceania.
48GF Score
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