Generalfinance SpAMIL:GF +0.68%68 Return-on-Tangible-Asset is 2.54% as of Mar. 2026, which is 21% below its 10-year median of 3.23. GuruFocus rates MIL:GF with a GF Score™ of 68/100 and a GF Value™ of €15.95 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 544 Credit Services companies, Generalfinance SpA ranks better than 72.24% 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. Generalfinance SpA's annualizedNet Income for the quarter that ended in Mar. 2026 was €20.5 Mil. Generalfinance SpA's average total tangible assets for the quarter that ended in Mar. 2026 was €806.8 Mil. Therefore, Generalfinance SpA's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.54%.
The historical rank and industry rank for Generalfinance SpA's Return-on-Tangible-Asset or its related term are showing as below:
MIL:GF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.7 Med: 3.23 Max: 3.75
Current: 3.75
During the past 8 years, Generalfinance SpA's highest Return-on-Tangible-Asset was 3.75%. The lowest was 2.70%. And the median was 3.23%.
MIL:GF's Return-on-Tangible-Asset is ranked better than 72.24% of 544
companies
in the Credit Services industry
Industry Median: 1.93
vs MIL:GF: 3.75
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.
Generalfinance SpA Return-on-Tangible-Asset Related Terms
Generalfinance SpA Return-on-Tangible-Asset Historical Data
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The historical data trend for Generalfinance 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:GF vs V, MA, AXP: Return-on-Tangible-Asset Comparison
For the Credit Services subindustry, Generalfinance 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.
Generalfinance SpA Return-on-Tangible-Asset vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Generalfinance SpA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Generalfinance 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 2.54% mean?
Generalfinance SpA (MIL:GF) has a Return-on-Tangible-Asset of 2.54% 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 Generalfinance SpA and its competitors. This is 21% below median its historical median of 3.23. Over the past decade, Generalfinance SpA's Return-on-Tangible-Asset has ranged from 2.70 to 3.75. According to the industry distribution chart, Generalfinance SpA ranks #151 out of 544 companies in the Credit Services industry, placing it in the top 27.8%.
Is Generalfinance SpA's Return-on-Tangible-Asset too high?
Generalfinance SpA's current Return-on-Tangible-Asset of 2.54% is 21% below median its 10-year median of 3.23. Over the past 10 years, this metric has ranged from a low of 2.70 to a high of 3.75. The Credit Services industry median Return-on-Tangible-Asset is 1.93. Generalfinance SpA's value of 2.54% is 31.6% above this industry median. Based on the distribution chart, Generalfinance SpA ranks #151 out of 544 companies in the Credit Services industry, which is above the industry midpoint. Overall, Generalfinance SpA has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Generalfinance SpA's Return-on-Tangible-Asset compare to V and MA?
According to the Credit Services industry distribution chart, Generalfinance SpA ranks #151 out of 544 companies for Return-on-Tangible-Asset. This puts Generalfinance SpA in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.93. Generalfinance SpA's value of 2.54% is 31.6% above this benchmark. Historically, Generalfinance SpA's own Return-on-Tangible-Asset has ranged from 2.70 to 3.75 over the past decade. While the company's 10-year median is 3.23 vs. the industry median of 1.93, Generalfinance 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 Credit Services company?
The median Return-on-Tangible-Asset among Credit Services companies is 1.93, based on 544 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. Generalfinance SpA's current Return-on-Tangible-Asset of 2.54% is 31.6% 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 Generalfinance SpA and its competitors. For the Credit Services industry, the median Return-on-Tangible-Asset is 1.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Generalfinance SpA's current Return-on-Tangible-Asset is 2.54%, which is 21% below median its own 10-year median of 3.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Generalfinance SpA stock overvalued right now?
Based on GuruFocus' analysis, Generalfinance SpA (MIL:GF) is currently considered Significantly Overvalued. The stock's GF Value™ is €15.95, compared to a current price of €29.50 — trading 85% above its estimated fair value. The current Return-on-Tangible-Asset is 2.54%, which is 21% below median its 10-year median of 3.23 and 31.6% above the Credit Services industry median of 1.93. Generalfinance SpA's overall GF Score™ is 68/100 with 9 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 Generalfinance SpA (MIL:GF), the current Return-on-Tangible-Asset is 2.54% 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 Generalfinance SpA (MIL:GF) Overvalued in 2026?
Based on GuruFocus' analysis, Generalfinance SpA stock appears to be overvalued.
The current stock price of €29.50 is trading 85% above its estimated GF Value™ of €15.95.
GuruFocus considers Generalfinance SpA to be Significantly Overvalued.
Key valuation signals for MIL:GF:
Return-on-Tangible-Asset: 2.54% (21% below median its 10-year median of 3.23)
GF Value™: €15.95 vs. price of €29.50 (85% above fair value)
Industry Position: 31.6% above the Credit Services median (#151 of 544)
No single metric tells the full story. See the MIL:GF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Generalfinance SpA operates is engaged in providing factoring services to small and medium-sized companies in financial difficulty. The group offers customized financing solutions to meet the needs of companies operating in the manufacturing, wholesale business, transportation, and construction.
68GF Score
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