Gas Plus SpAMIL:GSP -0.17%67 Return-on-Tangible-Asset is 6.88% as of Dec. 2025, which is 739% above its 10-year median of 0.82. GuruFocus rates MIL:GSP with a GF Score™ of 67/100 and a GF Value™ of €3.25 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,024 Oil & Gas companies, Gas Plus SpA ranks better than 78.12% 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. Gas Plus SpA's annualizedNet Income for the quarter that ended in Dec. 2025 was €19.2 Mil. Gas Plus SpA's average total tangible assets for the quarter that ended in Dec. 2025 was €278.9 Mil. Therefore, Gas Plus SpA's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 6.88%.
The historical rank and industry rank for Gas Plus SpA's Return-on-Tangible-Asset or its related term are showing as below:
MIL:GSP'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -16.47 Med: 0.82 Max: 17.62
Current: 7.22
During the past 13 years, Gas Plus SpA's highest Return-on-Tangible-Asset was 17.62%. The lowest was -16.47%. And the median was 0.82%.
MIL:GSP's Return-on-Tangible-Asset is ranked better than 78.12% of 1024
companies
in the Oil & Gas industry
Industry Median: 2.08
vs MIL:GSP: 7.22
Gas Plus SpA (MIL:GSP) 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.
Gas Plus SpA Return-on-Tangible-Asset Related Terms
Gas Plus SpA Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Gas Plus 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:GSP vs COP, EOG, FANG: Return-on-Tangible-Asset Comparison
For the Oil & Gas E&P subindustry, Gas Plus 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.
Gas Plus SpA Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Gas Plus SpA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Gas Plus 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 6.88% mean?
Gas Plus SpA (MIL:GSP) has a Return-on-Tangible-Asset of 6.88% 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 Gas Plus SpA and its competitors. This is 739% above median its historical median of 0.82. According to the industry distribution chart, Gas Plus SpA ranks #224 out of 1024 companies in the Oil & Gas industry, placing it in the top 21.9%.
Is Gas Plus SpA's Return-on-Tangible-Asset too high?
Gas Plus SpA's current Return-on-Tangible-Asset of 6.88% is 739% above median its 10-year median of 0.82. The Oil & Gas industry median Return-on-Tangible-Asset is 2.08. Gas Plus SpA's value of 6.88% is 230.8% above this industry median. Based on the distribution chart, Gas Plus SpA ranks #224 out of 1024 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Gas Plus SpA has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gas Plus SpA's Return-on-Tangible-Asset compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Gas Plus SpA ranks #224 out of 1024 companies for Return-on-Tangible-Asset. This places Gas Plus SpA in the top 22% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.08. Gas Plus SpA's value of 6.88% is 230.8% above this benchmark. While the company's 10-year median is 0.82 vs. the industry median of 2.08, Gas Plus 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 Oil & Gas company?
The median Return-on-Tangible-Asset among Oil & Gas companies is 2.08, based on 1,024 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. Gas Plus SpA's current Return-on-Tangible-Asset of 6.88% is 230.8% 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 Gas Plus SpA and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gas Plus SpA's current Return-on-Tangible-Asset is 6.88%, which is 739% above median its own 10-year median of 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gas Plus SpA stock overvalued right now?
Based on GuruFocus' analysis, Gas Plus SpA (MIL:GSP) is currently considered Significantly Overvalued. The stock's GF Value™ is €3.25, compared to a current price of €5.80 — trading 78.5% above its estimated fair value. The current Return-on-Tangible-Asset is 6.88%, which is 739% above median its 10-year median of 0.82 and 230.8% above the Oil & Gas industry median of 2.08. Gas Plus SpA's overall GF Score™ is 67/100 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 Gas Plus SpA (MIL:GSP), the current Return-on-Tangible-Asset is 6.88% 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 Gas Plus SpA (MIL:GSP) Overvalued in 2026?
Based on GuruFocus' analysis, Gas Plus SpA stock appears to be overvalued.
The current stock price of €5.80 is trading 78.5% above its estimated GF Value™ of €3.25.
GuruFocus considers Gas Plus SpA to be Significantly Overvalued.
Key valuation signals for MIL:GSP:
Return-on-Tangible-Asset: 6.88% (739% above median its 10-year median of 0.82)
GF Value™: €3.25 vs. price of €5.80 (78.5% above fair value)
Industry Position: 230.8% above the Oil & Gas median (#224 of 1024)
No single metric tells the full story. See the MIL:GSP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gas Plus SpA through its subsidiaries is engaged in the exploration and production of natural gas in Italy. The company is also involved in the production, purchase, distribution, and sale of natural gas. The company holds approximately 47 cultivation concessions distributed throughout Italy and manages a total of about 1,600 kilometers of regional distribution and transportation network located around 39 municipalities.
67GF Score
Get the complete analysis for MIL:GSP
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MIL:GSP has been successfully added to your 
