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. Impianti SpA's annualizedNet Income for the quarter that ended in Dec. 2025 was €0.75 Mil. Impianti SpA's average total tangible assets for the quarter that ended in Dec. 2025 was €4.70 Mil. Therefore, Impianti SpA's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 15.88%.
The historical rank and industry rank for Impianti SpA's Return-on-Tangible-Asset or its related term are showing as below:
MIL:MPT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -29.2 Med: -0.59 Max: 11.87
Current: 0.02
During the past 6 years, Impianti SpA's highest Return-on-Tangible-Asset was 11.87%. The lowest was -29.20%. And the median was -0.59%.
MIL:MPT's Return-on-Tangible-Asset is ranked worse than 57.55% of 2876
companies
in the Software industry
Industry Median: 2.04
vs MIL:MPT: 0.02
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.
Impianti SpA Return-on-Tangible-Asset Related Terms
Impianti SpA Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Impianti 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:MPT vs IBM, ACN, FISV: Return-on-Tangible-Asset Comparison
For the Information Technology Services subindustry, Impianti 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.
Impianti SpA Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, Impianti SpA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Impianti 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 15.88% mean?
Impianti SpA (MIL:MPT) has a Return-on-Tangible-Asset of 15.88% 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 Impianti SpA and its competitors. According to the industry distribution chart, Impianti SpA ranks #1655 out of 2876 companies in the Software industry, placing it in the top 57.5%.
Is Impianti SpA's Return-on-Tangible-Asset too high?
Impianti SpA's current Return-on-Tangible-Asset is 15.88%. The Software industry median Return-on-Tangible-Asset is 2.04. Impianti SpA's value of 15.88% is 678.4% above this industry median. Based on the distribution chart, Impianti SpA ranks #1655 out of 2876 companies in the Software industry, which is below the industry midpoint. Overall, Impianti SpA has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Impianti SpA's Return-on-Tangible-Asset compare to IBM and ACN?
According to the Software industry distribution chart, Impianti SpA ranks #1655 out of 2876 companies for Return-on-Tangible-Asset. This places Impianti SpA in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.04. Impianti SpA's value of 15.88% is 678.4% above this benchmark. 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 Software company?
The median Return-on-Tangible-Asset among Software companies is 2.04, based on 2,876 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. Impianti SpA's current Return-on-Tangible-Asset of 15.88% is 678.4% 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 Impianti SpA and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Impianti SpA's current Return-on-Tangible-Asset is 15.88%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Impianti SpA stock overvalued right now?
Based on GuruFocus' analysis, Impianti SpA (MIL:MPT) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.75, compared to a current price of €0.90 — trading 20% above its estimated fair value. The current Return-on-Tangible-Asset is 15.88% and 678.4% above the Software industry median of 2.04. Impianti SpA's overall GF Score™ is 49/100 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 Impianti SpA (MIL:MPT), the current Return-on-Tangible-Asset is 15.88% 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 Impianti SpA (MIL:MPT) Overvalued in 2026?
Based on GuruFocus' analysis, Impianti SpA stock appears to be overvalued.
The current stock price of €0.90 is trading 20% above its estimated GF Value™ of €0.75.
GuruFocus considers Impianti SpA to be Modestly Overvalued.
Key valuation signals for MIL:MPT:
Return-on-Tangible-Asset: 15.88%
GF Value™: €0.75 vs. price of €0.90 (20% above fair value)
Industry Position: 678.4% above the Software median (#1655 of 2876)
No single metric tells the full story. See the MIL:MPT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Impianti SpA operates as an infrastructural System Integrator. It provides information, communication technology, audio, and video system integrating services. Its portfolio of solutions and services is in the fields of ICT/AV, UCC, SD-Wan & Mobile Data Solutions, Mobile & Rugged Devices, Cyber Security, IoT, Data Centers, and Cabling Systems, as well as in the ecosystem areas in relation to the three video communication brands, such as Microsoft Teams, Zoom, and Google Meet.
49GF Score
Get the complete analysis for MIL:MPT
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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