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Energy Time SpAMIL:ET -0.73%18 Return-on-Tangible-Asset is 22.01% as of Dec. 2025, which is 116% above its 10-year median of 10.18. GuruFocus rates MIL:ET with a GF Score™ of 18/100. The stock has 3 warning signs investors should review. Among 1,028 Semiconductors companies, Energy Time SpA ranks better than 86.09% 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. Energy Time SpA's annualizedNet Income for the quarter that ended in Dec. 2025 was €5.39 Mil. Energy Time SpA's average total tangible assets for the quarter that ended in Dec. 2025 was €24.47 Mil. Therefore, Energy Time SpA's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 22.01%.
The historical rank and industry rank for Energy Time SpA's Return-on-Tangible-Asset or its related term are showing as below:
MIL:ET'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 8.82 Med: 10.18 Max: 13.15
Current: 13.15
During the past 2 years, Energy Time SpA's highest Return-on-Tangible-Asset was 13.15%. The lowest was 8.82%. And the median was 10.18%.
MIL:ET's Return-on-Tangible-Asset is ranked better than 86.09% of 1028
companies
in the Semiconductors industry
Industry Median: 2.615
vs MIL:ET: 13.15
Energy Time SpA (MIL:ET) 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.
Energy Time SpA Return-on-Tangible-Asset Related Terms
Energy Time SpA Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Energy Time 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.
Energy Time SpA Return-on-Tangible-Asset Chart
Energy Time SpA Annual Data
Trend
Dec24
Dec25
Return-on-Tangible-Asset
8.82
11.53
Energy Time SpA Semi-Annual Data
Dec24
Jun25
Dec25
Return-on-Tangible-Asset
0.00
2.79
22.01
MIL:ET vs FSLR, NXT, ENPH: Return-on-Tangible-Asset Comparison
For the Solar subindustry, Energy Time 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.
Energy Time SpA Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Energy Time SpA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Energy Time 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 22.01% mean?
Energy Time SpA (MIL:ET) has a Return-on-Tangible-Asset of 22.01% 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 Energy Time SpA and its competitors. This is 116% above median its historical median of 10.18. Over the past decade, Energy Time SpA's Return-on-Tangible-Asset has ranged from 8.82 to 13.15. According to the industry distribution chart, Energy Time SpA ranks #143 out of 1028 companies in the Semiconductors industry, placing it in the top 13.9%.
Is Energy Time SpA's Return-on-Tangible-Asset too high?
Energy Time SpA's current Return-on-Tangible-Asset of 22.01% is 116% above median its 10-year median of 10.18. Over the past 10 years, this metric has ranged from a low of 8.82 to a high of 13.15. The Semiconductors industry median Return-on-Tangible-Asset is 2.62. Energy Time SpA's value of 22.01% is 741.7% above this industry median. Based on the distribution chart, Energy Time SpA ranks #143 out of 1028 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Energy Time SpA has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Energy Time SpA's Return-on-Tangible-Asset compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Energy Time SpA ranks #143 out of 1028 companies for Return-on-Tangible-Asset. This places Energy Time SpA in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.62. Energy Time SpA's value of 22.01% is 741.7% above this benchmark. Historically, Energy Time SpA's own Return-on-Tangible-Asset has ranged from 8.82 to 13.15 over the past decade. While the company's 10-year median is 10.18 vs. the industry median of 2.62, Energy Time 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 Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 2.62, based on 1,028 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. Energy Time SpA's current Return-on-Tangible-Asset of 22.01% is 741.7% 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 Energy Time SpA and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 2.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Energy Time SpA's current Return-on-Tangible-Asset is 22.01%, which is 116% above median its own 10-year median of 10.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Energy Time SpA stock overvalued right now?
Energy Time SpA (MIL:ET) has a current Return-on-Tangible-Asset of 22.01%. The current Return-on-Tangible-Asset is 22.01%, which is 116% above median its 10-year median of 10.18 and 741.7% above the Semiconductors industry median of 2.62. Energy Time SpA's overall GF Score™ is 18/100 with 3 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 Energy Time SpA (MIL:ET), the current Return-on-Tangible-Asset is 22.01% 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.
Energy Time SpA provides renewable energy solutions, specializing in the design, procurement, installation, and maintenance of solar photovoltaic, and thermal systems, heat pumps, cogeneration, and energy-efficiency services.
18GF Score
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