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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. KME Group SpA's annualizedNet Income for the quarter that ended in Dec. 2025 was €-147 Mil. KME Group SpA's average total tangible assets for the quarter that ended in Dec. 2025 was €1,635 Mil. Therefore, KME Group SpA's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -9.02%.
The historical rank and industry rank for KME Group SpA's Return-on-Tangible-Asset or its related term are showing as below:
MIL:KME'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.44 Med: -0.05 Max: 9.99
Current: -6.4
During the past 13 years, KME Group SpA's highest Return-on-Tangible-Asset was 9.99%. The lowest was -6.44%. And the median was -0.05%.
MIL:KME's Return-on-Tangible-Asset is ranked better than 64.57% of 2670
companies
in the Metals & Mining industry
Industry Median: -17.41
vs MIL:KME: -6.40
KME Group SpA (MIL:KME) 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.
KME Group SpA Return-on-Tangible-Asset Related Terms
KME Group SpA Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for KME Group 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:KME vs SCCO, FCX: Return-on-Tangible-Asset Comparison
For the Copper subindustry, KME Group 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.
KME Group SpA Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, KME Group SpA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where KME Group 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 -9.02% mean?
KME Group SpA (MIL:KME) has a Return-on-Tangible-Asset of -9.02% 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 KME Group SpA and its competitors. According to the industry distribution chart, KME Group SpA ranks #946 out of 2670 companies in the Metals & Mining industry, placing it in the top 35.4%.
Is KME Group SpA's Return-on-Tangible-Asset too high?
KME Group SpA's current Return-on-Tangible-Asset is -9.02%. Based on the distribution chart, KME Group SpA ranks #946 out of 2670 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, KME Group SpA has a GF Score™ of 39/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does KME Group SpA's Return-on-Tangible-Asset compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, KME Group SpA ranks #946 out of 2670 companies for Return-on-Tangible-Asset. This puts KME Group SpA in the upper half of its industry. 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 Metals & Mining company?
A good Return-on-Tangible-Asset depends on the Metals & Mining industry context. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 KME Group SpA and its competitors. KME Group SpA's current Return-on-Tangible-Asset is -9.02%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KME Group SpA stock overvalued right now?
Based on GuruFocus' analysis, KME Group SpA (MIL:KME) is currently considered Possible Value Trap. The stock's GF Value™ is €1,307.08, compared to a current price of €0.87 — trading 99.9% below its estimated fair value. The current Return-on-Tangible-Asset is -9.02%. KME Group SpA's overall GF Score™ is 39/100 with 3 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 KME Group SpA (MIL:KME), the current Return-on-Tangible-Asset is -9.02% 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 KME Group SpA (MIL:KME) Overvalued in 2026?
Based on GuruFocus' analysis, KME Group SpA stock appears to be undervalued.
The current stock price of €0.87 is trading 99.9% below its estimated GF Value™ of €1,307.08.
GuruFocus considers KME Group SpA to be Possible Value Trap.
Key valuation signals for MIL:KME:
Return-on-Tangible-Asset: -9.02%
GF Value™: €1,307.08 vs. price of €0.87 (99.9% below fair value)
No single metric tells the full story. See the MIL:KME stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KME Group SpA is a diversified investment holding company. It invests in copper sector and financial and real estate assets sector. The copper sector includes the production and marketing of copper and copper-alloy semi-finished products. The financial and real estate assets sector includes the private equity activity, carried out mainly through the closed-ended investment fund, and the management of receivables. The company generates the majority of the revenue from the copper sector.
39GF Score
Get the complete analysis for MIL:KME
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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