Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Industrie Chimiche Forestali SpAMIL:ICF -0.80%65 Return-on-Tangible-Asset is 4.32% as of Dec. 2025, which is 9% above its 10-year median of 3.98. GuruFocus rates MIL:ICF with a GF Score™ of 65/100 and a GF Value™ of €5.17 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,611 Chemicals companies, Industrie Chimiche Forestali SpA ranks better than 59.47% on this metric.
The historical rank and industry rank for Industrie Chimiche Forestali SpA's Return-on-Tangible-Asset or its related term are showing as below:
MIL:ICF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.13 Med: 3.98 Max: 8.46
Current: 4.27
During the past 9 years, Industrie Chimiche Forestali SpA's highest Return-on-Tangible-Asset was 8.46%. The lowest was 3.13%. And the median was 3.98%.
MIL:ICF's Return-on-Tangible-Asset is ranked better than 59.47% of 1611
companies
in the Chemicals industry
Industry Median: 3.08
vs MIL:ICF: 4.27
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.
Industrie Chimiche Forestali SpA Return-on-Tangible-Asset Related Terms
Industrie Chimiche Forestali SpA Return-on-Tangible-Asset Historical Data
* 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:ICF vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, Industrie Chimiche Forestali 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.
Industrie Chimiche Forestali SpA Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Industrie Chimiche Forestali SpA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Industrie Chimiche Forestali 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 4.32% mean?
Industrie Chimiche Forestali SpA (MIL:ICF) has a Return-on-Tangible-Asset of 4.32% 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 Industrie Chimiche Forestali SpA and its competitors. This is near median its historical median of 3.98. Over the past decade, Industrie Chimiche Forestali SpA's Return-on-Tangible-Asset has ranged from 3.13 to 8.46. According to the industry distribution chart, Industrie Chimiche Forestali SpA ranks #653 out of 1611 companies in the Chemicals industry, placing it in the top 40.5%.
Is Industrie Chimiche Forestali SpA's Return-on-Tangible-Asset too high?
Industrie Chimiche Forestali SpA's current Return-on-Tangible-Asset of 4.32% is near median its 10-year median of 3.98. Over the past 10 years, this metric has ranged from a low of 3.13 to a high of 8.46. The Chemicals industry median Return-on-Tangible-Asset is 3.08. Industrie Chimiche Forestali SpA's value of 4.32% is 40.3% above this industry median. Based on the distribution chart, Industrie Chimiche Forestali SpA ranks #653 out of 1611 companies in the Chemicals industry, which is above the industry midpoint. Overall, Industrie Chimiche Forestali SpA has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Industrie Chimiche Forestali SpA's Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, Industrie Chimiche Forestali SpA ranks #653 out of 1611 companies for Return-on-Tangible-Asset. This puts Industrie Chimiche Forestali SpA in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.08. Industrie Chimiche Forestali SpA's value of 4.32% is 40.3% above this benchmark. Historically, Industrie Chimiche Forestali SpA's own Return-on-Tangible-Asset has ranged from 3.13 to 8.46 over the past decade. While the company's 10-year median is 3.98 vs. the industry median of 3.08, Industrie Chimiche Forestali 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 Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.08, based on 1,611 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. Industrie Chimiche Forestali SpA's current Return-on-Tangible-Asset of 4.32% is 40.3% 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 Industrie Chimiche Forestali SpA and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Industrie Chimiche Forestali SpA's current Return-on-Tangible-Asset is 4.32%, which is near median its own 10-year median of 3.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industrie Chimiche Forestali SpA stock overvalued right now?
Based on GuruFocus' analysis, Industrie Chimiche Forestali SpA (MIL:ICF) is currently considered Modestly Overvalued. The stock's GF Value™ is €5.17, compared to a current price of €6.20 — trading 19.9% above its estimated fair value. The current Return-on-Tangible-Asset is 4.32%, which is near median its 10-year median of 3.98 and 40.3% above the Chemicals industry median of 3.08. Industrie Chimiche Forestali SpA's overall GF Score™ is 65/100 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 Industrie Chimiche Forestali SpA (MIL:ICF), the current Return-on-Tangible-Asset is 4.32% 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 Industrie Chimiche Forestali SpA (MIL:ICF) Overvalued in 2026?
Based on GuruFocus' analysis, Industrie Chimiche Forestali SpA stock appears to be overvalued.
The current stock price of €6.20 is trading 19.9% above its estimated GF Value™ of €5.17.
GuruFocus considers Industrie Chimiche Forestali SpA to be Modestly Overvalued.
Key valuation signals for MIL:ICF:
Return-on-Tangible-Asset: 4.32% (near median its 10-year median of 3.98)
GF Value™: €5.17 vs. price of €6.20 (19.9% above fair value)
Industry Position: 40.3% above the Chemicals median (#653 of 1611)
No single metric tells the full story. See the MIL:ICF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Industrie Chimiche Forestali SpA Business Description
Industrie Chimiche Forestali SpA is engaged in the design, production and marketing of high-tech adhesives and fabrics mainly for the following markets: footwear & leather goods, automotive and packaging.
65GF Score
Get the complete analysis for MIL:ICF
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:ICF has been successfully added to your 
