El.En. SpAELEAF 69 Return-on-Tangible-Equity is 19.39% as of Mar. 2026, which is 43% above its 10-year median of 13.52. GuruFocus rates ELEAF with a GF Score™ of 69/100 and a GF Value™ of $12.41 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 758 Medical Devices & Instruments companies, El.En. SpA ranks better than 62.01% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. El.En. SpA's annualized net income for the quarter that ended in Mar. 2026 was $92.5 Mil. El.En. SpA's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $477.2 Mil. Therefore, El.En. SpA's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 19.39%.
The historical rank and industry rank for El.En. SpA's Return-on-Tangible-Equity or its related term are showing as below:
ELEAF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.57 Med: 13.52 Max: 23.46
Current: 8.57
During the past 13 years, El.En. SpA's highest Return-on-Tangible-Equity was 23.46%. The lowest was 8.57%. And the median was 13.52%.
ELEAF's Return-on-Tangible-Equity is ranked better than 62.01% of 758
companies
in the Medical Devices & Instruments industry
Industry Median: 4.08
vs ELEAF: 8.57
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
El.En. SpA Return-on-Tangible-Equity Related Terms
El.En. SpA Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for El.En. SpA's Return-on-Tangible-Equity 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.
ELEAF vs ABT, SYK, MDT: Return-on-Tangible-Equity Comparison
For the Medical Devices subindustry, El.En. SpA's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
El.En. SpA Return-on-Tangible-Equity vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, El.En. SpA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where El.En. SpA's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 19.39% mean?
El.En. SpA (ELEAF) has a Return-on-Tangible-Equity of 19.39% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on El.En. SpA and its competitors. This is 43% above median its historical median of 13.52. Over the past decade, El.En. SpA's Return-on-Tangible-Equity has ranged from 8.57 to 23.46. According to the industry distribution chart, El.En. SpA ranks #288 out of 758 companies in the Medical Devices & Instruments industry, placing it in the top 38%.
Is El.En. SpA's Return-on-Tangible-Equity too high?
El.En. SpA's current Return-on-Tangible-Equity of 19.39% is 43% above median its 10-year median of 13.52. Over the past 10 years, this metric has ranged from a low of 8.57 to a high of 23.46. The Medical Devices & Instruments industry median Return-on-Tangible-Equity is 4.08. El.En. SpA's value of 19.39% is 375.2% above this industry median. Based on the distribution chart, El.En. SpA ranks #288 out of 758 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, El.En. SpA has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does El.En. SpA's Return-on-Tangible-Equity compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, El.En. SpA ranks #288 out of 758 companies for Return-on-Tangible-Equity. This puts El.En. SpA in the upper half of its industry. The industry median Return-on-Tangible-Equity is 4.08. El.En. SpA's value of 19.39% is 375.2% above this benchmark. Historically, El.En. SpA's own Return-on-Tangible-Equity has ranged from 8.57 to 23.46 over the past decade. While the company's 10-year median is 13.52 vs. the industry median of 4.08, El.En. 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-Equity for a Medical Devices & Instruments company?
The median Return-on-Tangible-Equity among Medical Devices & Instruments companies is 4.08, based on 758 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. El.En. SpA's current Return-on-Tangible-Equity of 19.39% is 375.2% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on El.En. SpA and its competitors. For the Medical Devices & Instruments industry, the median Return-on-Tangible-Equity is 4.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. El.En. SpA's current Return-on-Tangible-Equity is 19.39%, which is 43% above median its own 10-year median of 13.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is El.En. SpA stock overvalued right now?
Based on GuruFocus' analysis, El.En. SpA (ELEAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $12.41, compared to a current price of $18.50 — trading 49.1% above its estimated fair value. The current Return-on-Tangible-Equity is 19.39%, which is 43% above median its 10-year median of 13.52 and 375.2% above the Medical Devices & Instruments industry median of 4.08. El.En. SpA's overall GF Score™ is 69/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For El.En. SpA (ELEAF), the current Return-on-Tangible-Equity is 19.39% 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 El.En. SpA (ELEAF) Overvalued in 2026?
Based on GuruFocus' analysis, El.En. SpA stock appears to be overvalued.
The current stock price of $18.50 is trading 49.1% above its estimated GF Value™ of $12.41.
GuruFocus considers El.En. SpA to be Significantly Overvalued.
Key valuation signals for ELEAF:
Return-on-Tangible-Equity: 19.39% (43% above median its 10-year median of 13.52)
GF Value™: $12.41 vs. price of $18.50 (49.1% above fair value)
Industry Position: 375.2% above the Medical Devices & Instruments median (#288 of 758)
No single metric tells the full story. See the ELEAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
El.En. SpA is engaged in the research and development, manufacturing, distribution, and sales of laser systems. The company operates in two divisions: medical and industrial. In the medical division, the application of laser is used as a healing treatment for aesthetic, surgical, physiotherapy and dental. Industrial division develops solutions for laser material processing applications through cutting, marking, laser sources and restoration. The company generates the majority of its revenue from the medical division. Geographically, it derives maximum revenue from the Rest of the World.
69GF Score
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