GPI SpAMIL:GPI 77 Return-on-Tangible-Asset is 3.67% as of Dec. 2025, which is 10% below its 10-year median of 4.09. GuruFocus rates MIL:GPI with a GF Score™ of 77/100 and a GF Value™ of €16.23 (Fairly Valued). The stock has 4 warning signs investors should review. Among 683 Healthcare Providers & Services companies, GPI SpA ranks better than 50.37% 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. GPI SpA's annualizedNet Income for the quarter that ended in Dec. 2025 was €24.9 Mil. GPI SpA's average total tangible assets for the quarter that ended in Dec. 2025 was €680.4 Mil. Therefore, GPI SpA's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 3.67%.
The historical rank and industry rank for GPI SpA's Return-on-Tangible-Asset or its related term are showing as below:
MIL:GPI'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.13 Med: 4.09 Max: 19.67
Current: 2.51
During the past 12 years, GPI SpA's highest Return-on-Tangible-Asset was 19.67%. The lowest was 1.13%. And the median was 4.09%.
MIL:GPI's Return-on-Tangible-Asset is ranked better than 50.37% of 683
companies
in the Healthcare Providers & Services industry
Industry Median: 2.43
vs MIL:GPI: 2.51
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.
GPI SpA Return-on-Tangible-Asset Related Terms
GPI SpA Return-on-Tangible-Asset Historical Data
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The historical data trend for GPI 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:GPI vs VEEV, BTSG, TEM: Return-on-Tangible-Asset Comparison
For the Health Information Services subindustry, GPI 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.
GPI SpA Return-on-Tangible-Asset vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, GPI SpA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where GPI 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 3.67% mean?
GPI SpA (MIL:GPI) has a Return-on-Tangible-Asset of 3.67% 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 GPI SpA and its competitors. This is 10% below median its historical median of 4.09. Over the past decade, GPI SpA's Return-on-Tangible-Asset has ranged from 1.13 to 19.67. According to the industry distribution chart, GPI SpA ranks #339 out of 683 companies in the Healthcare Providers & Services industry, placing it in the top 49.6%.
Is GPI SpA's Return-on-Tangible-Asset too high?
GPI SpA's current Return-on-Tangible-Asset of 3.67% is 10% below median its 10-year median of 4.09. Over the past 10 years, this metric has ranged from a low of 1.13 to a high of 19.67. The Healthcare Providers & Services industry median Return-on-Tangible-Asset is 2.43. GPI SpA's value of 3.67% is 51% above this industry median. Based on the distribution chart, GPI SpA ranks #339 out of 683 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, GPI SpA has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does GPI SpA's Return-on-Tangible-Asset compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, GPI SpA ranks #339 out of 683 companies for Return-on-Tangible-Asset. This puts GPI SpA in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.43. GPI SpA's value of 3.67% is 51% above this benchmark. Historically, GPI SpA's own Return-on-Tangible-Asset has ranged from 1.13 to 19.67 over the past decade. While the company's 10-year median is 4.09 vs. the industry median of 2.43, GPI 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 Healthcare Providers & Services company?
The median Return-on-Tangible-Asset among Healthcare Providers & Services companies is 2.43, based on 683 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. GPI SpA's current Return-on-Tangible-Asset of 3.67% is 51% 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 GPI SpA and its competitors. For the Healthcare Providers & Services industry, the median Return-on-Tangible-Asset is 2.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GPI SpA's current Return-on-Tangible-Asset is 3.67%, which is 10% below median its own 10-year median of 4.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GPI SpA stock overvalued right now?
Based on GuruFocus' analysis, GPI SpA (MIL:GPI) is currently considered Fairly Valued. The stock's GF Value™ is €16.23, compared to a current price of €14.78 — trading 8.9% below its estimated fair value. The current Return-on-Tangible-Asset is 3.67%, which is 10% below median its 10-year median of 4.09 and 51% above the Healthcare Providers & Services industry median of 2.43. GPI SpA's overall GF Score™ is 77/100 with 4 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 GPI SpA (MIL:GPI), the current Return-on-Tangible-Asset is 3.67% 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 GPI SpA (MIL:GPI) Overvalued in 2026?
Based on GuruFocus' analysis, GPI SpA stock appears to be undervalued.
The current stock price of €14.78 is trading 8.9% below its estimated GF Value™ of €16.23.
GuruFocus considers GPI SpA to be Fairly Valued.
Key valuation signals for MIL:GPI:
Return-on-Tangible-Asset: 3.67% (10% below median its 10-year median of 4.09)
GF Value™: €16.23 vs. price of €14.78 (8.9% below fair value)
Industry Position: 51% above the Healthcare Providers & Services median (#339 of 683)
No single metric tells the full story. See the MIL:GPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GPI SpA operates in the field of social-healthcare IT services and hi-tech services for health. It provides services in the areas of IT systems, healthcare, pharmacy logistics, electronic payment solutions, and ICT infrastructures and systemic services.
77GF Score
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