Frendy Energy SpAMIL:FRE +1.62%31 Return-on-Tangible-Asset is 0.57% as of Dec. 2025, which is 200% above its 10-year median of 0.19. GuruFocus rates MIL:FRE with a GF Score™ of 31/100 and a GF Value™ of €0.22 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 448 Utilities - Independent Power Producers companies, Frendy Energy SpA ranks worse than 61.38% 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. Frendy Energy SpA's annualizedNet Income for the quarter that ended in Dec. 2025 was €0.08 Mil. Frendy Energy SpA's average total tangible assets for the quarter that ended in Dec. 2025 was €14.49 Mil. Therefore, Frendy Energy SpA's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 0.57%.
The historical rank and industry rank for Frendy Energy SpA's Return-on-Tangible-Asset or its related term are showing as below:
MIL:FRE'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -20.43 Med: 0.19 Max: 2.92
Current: 0.35
During the past 13 years, Frendy Energy SpA's highest Return-on-Tangible-Asset was 2.92%. The lowest was -20.43%. And the median was 0.19%.
MIL:FRE's Return-on-Tangible-Asset is ranked worse than 61.38% of 448
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.285
vs MIL:FRE: 0.35
Frendy Energy SpA (MIL:FRE) 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.
Frendy Energy SpA Return-on-Tangible-Asset Related Terms
Frendy Energy SpA Return-on-Tangible-Asset Historical Data
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The historical data trend for Frendy Energy 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.
Frendy Energy SpA Return-on-Tangible-Asset Competitor Comparison
For the Utilities - Renewable subindustry, Frendy Energy 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.
Frendy Energy SpA Return-on-Tangible-Asset vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Frendy Energy SpA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Frendy Energy 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 0.57% mean?
Frendy Energy SpA (MIL:FRE) has a Return-on-Tangible-Asset of 0.57% 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 Frendy Energy SpA and its competitors. This is 200% above median its historical median of 0.19. According to the industry distribution chart, Frendy Energy SpA ranks #275 out of 448 companies in the Utilities - Independent Power Producers industry, placing it in the top 61.4%.
Is Frendy Energy SpA's Return-on-Tangible-Asset too high?
Frendy Energy SpA's current Return-on-Tangible-Asset of 0.57% is 200% above median its 10-year median of 0.19. The Utilities - Independent Power Producers industry median Return-on-Tangible-Asset is 1.29. Frendy Energy SpA's value of 0.57% is 55.6% below this industry median. Based on the distribution chart, Frendy Energy SpA ranks #275 out of 448 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Frendy Energy SpA has a GF Score™ of 31/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Frendy Energy SpA's Return-on-Tangible-Asset compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Frendy Energy SpA ranks #275 out of 448 companies for Return-on-Tangible-Asset. This places Frendy Energy SpA in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.29. Frendy Energy SpA's value of 0.57% is 55.6% below this benchmark. While the company's 10-year median is 0.19 vs. the industry median of 1.29, Frendy Energy SpA has consistently been below 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 Utilities - Independent Power Producers company?
The median Return-on-Tangible-Asset among Utilities - Independent Power Producers companies is 1.29, based on 448 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. Frendy Energy SpA's current Return-on-Tangible-Asset of 0.57% is 55.6% below 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 Frendy Energy SpA and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Asset is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frendy Energy SpA's current Return-on-Tangible-Asset is 0.57%, which is 200% above median its own 10-year median of 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frendy Energy SpA stock overvalued right now?
Based on GuruFocus' analysis, Frendy Energy SpA (MIL:FRE) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.22, compared to a current price of €0.19 — trading 14.5% below its estimated fair value. The current Return-on-Tangible-Asset is 0.57%, which is 200% above median its 10-year median of 0.19 and 55.6% below the Utilities - Independent Power Producers industry median of 1.29. Frendy Energy SpA's overall GF Score™ is 31/100 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 Frendy Energy SpA (MIL:FRE), the current Return-on-Tangible-Asset is 0.57% 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 Frendy Energy SpA (MIL:FRE) Overvalued in 2026?
Based on GuruFocus' analysis, Frendy Energy SpA stock appears to be undervalued.
The current stock price of €0.19 is trading 14.5% below its estimated GF Value™ of €0.22.
GuruFocus considers Frendy Energy SpA to be Modestly Undervalued.
Key valuation signals for MIL:FRE:
Return-on-Tangible-Asset: 0.57% (200% above median its 10-year median of 0.19)
GF Value™: €0.22 vs. price of €0.19 (14.5% below fair value)
Industry Position: 55.6% below the Utilities - Independent Power Producers median (#275 of 448)
No single metric tells the full story. See the MIL:FRE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Frendy Energy SpA is an Italian company. It is engaged in building and operating mini hydropower plants towards the production and sale of electricity.
31GF Score
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