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SOL SpAMIL:SOL +0.50%79 Return-on-Tangible-Asset is 8.24% as of Dec. 2025, which is 5% above its 10-year median of 7.82. GuruFocus rates MIL:SOL with a GF Score™ of 79/100 and a GF Value™ of €42.57 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,612 Chemicals companies, SOL SpA ranks better than 83% 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. SOL SpA's annualizedNet Income for the quarter that ended in Dec. 2025 was €167 Mil. SOL SpA's average total tangible assets for the quarter that ended in Dec. 2025 was €2,025 Mil. Therefore, SOL SpA's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 8.24%.
The historical rank and industry rank for SOL SpA's Return-on-Tangible-Asset or its related term are showing as below:
MIL:SOL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.23 Med: 7.82 Max: 9.81
Current: 8.53
During the past 13 years, SOL SpA's highest Return-on-Tangible-Asset was 9.81%. The lowest was 4.23%. And the median was 7.82%.
MIL:SOL's Return-on-Tangible-Asset is ranked better than 83% of 1612
companies
in the Chemicals industry
Industry Median: 3.08
vs MIL:SOL: 8.53
SOL SpA (MIL:SOL) 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.
SOL SpA Return-on-Tangible-Asset Related Terms
SOL SpA Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for SOL 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:SOL vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, SOL 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.
SOL SpA Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, SOL SpA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where SOL 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 8.24% mean?
SOL SpA (MIL:SOL) has a Return-on-Tangible-Asset of 8.24% 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 SOL SpA and its competitors. This is near median its historical median of 7.82. Over the past decade, SOL SpA's Return-on-Tangible-Asset has ranged from 4.23 to 9.81. According to the industry distribution chart, SOL SpA ranks #274 out of 1612 companies in the Chemicals industry, placing it in the top 17%.
Is SOL SpA's Return-on-Tangible-Asset too high?
SOL SpA's current Return-on-Tangible-Asset of 8.24% is near median its 10-year median of 7.82. Over the past 10 years, this metric has ranged from a low of 4.23 to a high of 9.81. The Chemicals industry median Return-on-Tangible-Asset is 3.08. SOL SpA's value of 8.24% is 167.5% above this industry median. Based on the distribution chart, SOL SpA ranks #274 out of 1612 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, SOL SpA has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SOL SpA's Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, SOL SpA ranks #274 out of 1612 companies for Return-on-Tangible-Asset. This places SOL SpA in the top 17% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.08. SOL SpA's value of 8.24% is 167.5% above this benchmark. Historically, SOL SpA's own Return-on-Tangible-Asset has ranged from 4.23 to 9.81 over the past decade. While the company's 10-year median is 7.82 vs. the industry median of 3.08, SOL 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 1,612 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. SOL SpA's current Return-on-Tangible-Asset of 8.24% is 167.5% 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 SOL 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. SOL SpA's current Return-on-Tangible-Asset is 8.24%, which is near median its own 10-year median of 7.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SOL SpA stock overvalued right now?
Based on GuruFocus' analysis, SOL SpA (MIL:SOL) is currently considered Significantly Overvalued. The stock's GF Value™ is €42.57, compared to a current price of €60.70 — trading 42.6% above its estimated fair value. The current Return-on-Tangible-Asset is 8.24%, which is near median its 10-year median of 7.82 and 167.5% above the Chemicals industry median of 3.08. SOL SpA's overall GF Score™ is 79/100 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 SOL SpA (MIL:SOL), the current Return-on-Tangible-Asset is 8.24% 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 SOL SpA (MIL:SOL) Overvalued in 2026?
Based on GuruFocus' analysis, SOL SpA stock appears to be overvalued.
The current stock price of €60.70 is trading 42.6% above its estimated GF Value™ of €42.57.
GuruFocus considers SOL SpA to be Significantly Overvalued.
Key valuation signals for MIL:SOL:
Return-on-Tangible-Asset: 8.24% (near median its 10-year median of 7.82)
GF Value™: €42.57 vs. price of €60.70 (42.6% above fair value)
Industry Position: 167.5% above the Chemicals median (#274 of 1612)
No single metric tells the full story. See the MIL:SOL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SOL SpA manufactures and sells industrial gases and medical equipment. The firm's two segments are based on product type. The home-care segment, which generates the majority of revenue, sells a variety of medicinal gases including oxygen, nitrogen, nitrous oxide, carbon dioxide, synthetic air, and medical air. The segment also provides medical air services for hospitals. The technical gases segment sells gas-based products to the energy, agricultural, food, metalworking, glass, and electronics industries. More of SOL's revenue comes from Italy than any other country.
79GF Score
Get the complete analysis for MIL:SOL
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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