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Piquadro SpAMIL:PQ 77 Return-on-Tangible-Asset is 8.05% as of Mar. 2026, which is 58% above its 10-year median of 5.10. GuruFocus rates MIL:PQ with a GF Score™ of 77/100 and a GF Value™ of €2.22 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,066 Manufacturing - Apparel & Accessories companies, Piquadro SpA ranks better than 80.68% 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. Piquadro SpA's annualizedNet Income for the quarter that ended in Mar. 2026 was €15.5 Mil. Piquadro SpA's average total tangible assets for the quarter that ended in Mar. 2026 was €193.1 Mil. Therefore, Piquadro SpA's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 8.05%.
The historical rank and industry rank for Piquadro SpA's Return-on-Tangible-Asset or its related term are showing as below:
MIL:PQ'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.42 Med: 5.1 Max: 28.94
Current: 6.8
During the past 13 years, Piquadro SpA's highest Return-on-Tangible-Asset was 28.94%. The lowest was -4.42%. And the median was 5.10%.
MIL:PQ's Return-on-Tangible-Asset is ranked better than 80.68% of 1066
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.955
vs MIL:PQ: 6.80
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.
Piquadro SpA Return-on-Tangible-Asset Related Terms
Piquadro SpA Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Piquadro 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:PQ vs NKE, DECK, ONON: Return-on-Tangible-Asset Comparison
For the Footwear & Accessories subindustry, Piquadro 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.
Piquadro SpA Return-on-Tangible-Asset vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Piquadro SpA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Piquadro 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 8.05% mean?
Piquadro SpA (MIL:PQ) has a Return-on-Tangible-Asset of 8.05% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Piquadro SpA and its competitors. This is 58% above median its historical median of 5.10. According to the industry distribution chart, Piquadro SpA ranks #206 out of 1066 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 19.3%.
Is Piquadro SpA's Return-on-Tangible-Asset too high?
Piquadro SpA's current Return-on-Tangible-Asset of 8.05% is 58% above median its 10-year median of 5.10. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Asset is 1.96. Piquadro SpA's value of 8.05% is 311.8% above this industry median. Based on the distribution chart, Piquadro SpA ranks #206 out of 1066 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Piquadro SpA has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Piquadro SpA's Return-on-Tangible-Asset compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Piquadro SpA ranks #206 out of 1066 companies for Return-on-Tangible-Asset. This places Piquadro SpA in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.96. Piquadro SpA's value of 8.05% is 311.8% above this benchmark. While the company's 10-year median is 5.10 vs. the industry median of 1.96, Piquadro 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Asset among Manufacturing - Apparel & Accessories companies is 1.96, based on 1,066 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. Piquadro SpA's current Return-on-Tangible-Asset of 8.05% is 311.8% 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 Piquadro SpA and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Asset is 1.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Piquadro SpA's current Return-on-Tangible-Asset is 8.05%, which is 58% above median its own 10-year median of 5.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Piquadro SpA stock overvalued right now?
Based on GuruFocus' analysis, Piquadro SpA (MIL:PQ) is currently considered Modestly Overvalued. The stock's GF Value™ is €2.22, compared to a current price of €2.80 — trading 26.1% above its estimated fair value. The current Return-on-Tangible-Asset is 8.05%, which is 58% above median its 10-year median of 5.10 and 311.8% above the Manufacturing - Apparel & Accessories industry median of 1.96. Piquadro SpA's overall GF Score™ is 77/100 with 5 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 Piquadro SpA (MIL:PQ), the current Return-on-Tangible-Asset is 8.05% as of Mar. 2026. 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 Piquadro SpA (MIL:PQ) Overvalued in 2026?
Based on GuruFocus' analysis, Piquadro SpA stock appears to be overvalued.
The current stock price of €2.80 is trading 26.1% above its estimated GF Value™ of €2.22.
GuruFocus considers Piquadro SpA to be Modestly Overvalued.
Key valuation signals for MIL:PQ:
Return-on-Tangible-Asset: 8.05% (58% above median its 10-year median of 5.10)
GF Value™: €2.22 vs. price of €2.80 (26.1% above fair value)
Industry Position: 311.8% above the Manufacturing - Apparel & Accessories median (#206 of 1066)
No single metric tells the full story. See the MIL:PQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Piquadro SpA operates in the leather goods market. It is engaged in the design, manufacturing, and marketing of leather goods. The company's product portfolio includes bags and briefcases, women's purses, small leather articles such as wallets, billfolds, key holders, etc., sneakers, jackets, and others. The products are marketed through Piquadro, The Bridge, and Lancel brands which are also the company's reportable segments. Maximum revenue is generated from the Piquadro segment. Geographically, the company derives maximum revenue from Europe (excluding Italy) followed by Italy, and other regions.
77GF Score
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