Aeroporto Guglielmo Marconi di Bologna SpA (FRA:169) Return-on-Tangible-Equity: Negative Tangible Equity% (As of Mar. 2026)


FRA:169 Aeroporto Guglielmo Marconi di Bologna SpA FRA:169
70 GF Score
Price €10.25
GF Value €9.48
Valuation Fairly Valued
! 4 Warning Signs
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What is Aeroporto Guglielmo Marconi di Bologna SpA Return-on-Tangible-Equity?

Aeroporto Guglielmo Marconi di Bologna SpA FRA:169 +6.11% 70 Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 2026. GuruFocus rates FRA:169 with a GF Score™ of 70/100 and a GF Value™ of €9.48 (Fairly Valued). The stock has 4 warning signs investors should review. Among 977 Transportation companies, Aeroporto Guglielmo Marconi di Bologna SpA ranks better than 99.9% 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. Aeroporto Guglielmo Marconi di Bologna SpA's annualized net income for the quarter that ended in Mar. 2026 was €10.5 Mil. Aeroporto Guglielmo Marconi di Bologna SpA's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €-62.3 Mil. Therefore, Aeroporto Guglielmo Marconi di Bologna SpA's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was Negative Tangible Equity%.

The historical rank and industry rank for Aeroporto Guglielmo Marconi di Bologna SpA's Return-on-Tangible-Equity or its related term are showing as below:

FRA:169' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 145.24   Med: 180.87   Max: 821.92
Current: Negative Tangible Equity

During the past 12 years, Aeroporto Guglielmo Marconi di Bologna SpA's highest Return-on-Tangible-Equity was 821.92%. The lowest was 145.24%. And the median was 180.87%.

FRA:169's Return-on-Tangible-Equity is ranked better than
99.9% of 977 companies
in the Transportation industry
Industry Median: 9.02 vs FRA:169: Negative Tangible Equity

Aeroporto Guglielmo Marconi di Bologna SpA  (FRA:169) Return-on-Tangible-Equity Explanation

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.


Aeroporto Guglielmo Marconi di Bologna SpA Return-on-Tangible-Equity Related Terms


Aeroporto Guglielmo Marconi di Bologna SpA Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Aeroporto Guglielmo Marconi di Bologna 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.

Aeroporto Guglielmo Marconi di Bologna SpA Return-on-Tangible-Equity Chart

Aeroporto Guglielmo Marconi di Bologna SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity

Aeroporto Guglielmo Marconi di Bologna SpA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity

FRA:169 vs JOBY, CAAP: Return-on-Tangible-Equity Comparison

For the Airports & Air Services subindustry, Aeroporto Guglielmo Marconi di Bologna 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.


Aeroporto Guglielmo Marconi di Bologna SpA Return-on-Tangible-Equity vs Transportation Industry

For the Transportation industry and Industrials sector, Aeroporto Guglielmo Marconi di Bologna SpA's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Aeroporto Guglielmo Marconi di Bologna SpA's Return-on-Tangible-Equity falls into.


FRA:169
70GF Score
Aeroporto Guglielmo Marconi di Bologna SpA FRA:169
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Aeroporto Guglielmo Marconi di Bologna SpA Return-on-Tangible-Equity Calculation

Aeroporto Guglielmo Marconi di Bologna SpA's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=24.842/( (-35.789+-57.351 )/ 2 )
=24.842/-46.57
=Negative Tangible Equity %

Aeroporto Guglielmo Marconi di Bologna SpA's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=10.456/( (-57.351+-67.255)/ 2 )
=10.456/-62.303
=Negative Tangible Equity %

* 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 Negative Tangible Equity% mean?
Aeroporto Guglielmo Marconi di Bologna SpA (FRA:169) has a Return-on-Tangible-Equity of Negative Tangible Equity% 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 Aeroporto Guglielmo Marconi di Bologna SpA and its competitors. Over the past decade, Aeroporto Guglielmo Marconi di Bologna SpA's Return-on-Tangible-Equity has ranged from 145.24 to 821.92. According to the industry distribution chart, Aeroporto Guglielmo Marconi di Bologna SpA ranks #1 out of 977 companies in the Transportation industry, placing it in the top 0.099999999999994%.
Is Aeroporto Guglielmo Marconi di Bologna SpA's Return-on-Tangible-Equity too high?
Aeroporto Guglielmo Marconi di Bologna SpA's current Return-on-Tangible-Equity is Negative Tangible Equity%. Over the past 10 years, this metric has ranged from a low of 145.24 to a high of 821.92. Based on the distribution chart, Aeroporto Guglielmo Marconi di Bologna SpA ranks #1 out of 977 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Aeroporto Guglielmo Marconi di Bologna SpA has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Aeroporto Guglielmo Marconi di Bologna SpA's Return-on-Tangible-Equity compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Aeroporto Guglielmo Marconi di Bologna SpA ranks #1 out of 977 companies for Return-on-Tangible-Equity. This places Aeroporto Guglielmo Marconi di Bologna SpA in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 9.02. Historically, Aeroporto Guglielmo Marconi di Bologna SpA's own Return-on-Tangible-Equity has ranged from 145.24 to 821.92 over the past decade. 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 Transportation company?
The median Return-on-Tangible-Equity among Transportation companies is 9.02, based on 977 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. 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 Aeroporto Guglielmo Marconi di Bologna SpA and its competitors. For the Transportation industry, the median Return-on-Tangible-Equity is 9.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aeroporto Guglielmo Marconi di Bologna SpA's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aeroporto Guglielmo Marconi di Bologna SpA stock overvalued right now?
Based on GuruFocus' analysis, Aeroporto Guglielmo Marconi di Bologna SpA (FRA:169) is currently considered Fairly Valued. The stock's GF Value™ is €9.48, compared to a current price of €10.25 — trading 8.1% above its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Aeroporto Guglielmo Marconi di Bologna SpA's overall GF Score™ is 70/100 with 4 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 Aeroporto Guglielmo Marconi di Bologna SpA (FRA:169), the current Return-on-Tangible-Equity is Negative Tangible Equity% 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 Aeroporto Guglielmo Marconi di Bologna SpA (FRA:169) Overvalued in 2026?

Based on GuruFocus' analysis, Aeroporto Guglielmo Marconi di Bologna SpA stock appears to be overvalued. The current stock price of €10.25 is trading 8.1% above its estimated GF Value™ of €9.48. GuruFocus considers Aeroporto Guglielmo Marconi di Bologna SpA to be Fairly Valued.

Key valuation signals for FRA:169:

  • Return-on-Tangible-Equity: Negative Tangible Equity%
  • GF Value™: €9.48 vs. price of €10.25 (8.1% above fair value)
  • GF Score™: 70/100 with 4 warning signs

No single metric tells the full story. See the FRA:169 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aeroporto Guglielmo Marconi di Bologna SpA Business Description

Other Exchanges ADB:Italy0R9D:UK
Address Via Triumvirato 84, Bologna, ITA, 40132
Aeroporto Guglielmo Marconi di Bologna SpA is engaged in the airport operations. It operates with three business units Aviation, Non-Aviation, and Other. Aviation unit is responsible for providing security services, information to the public and airport users, development of the airport infrastructure and service to passengers whereas Non-Aviation unit is concern about parking management, retail sub-concessions, advertising, passenger services and real estate management areas. The group generates revenue through Carriers, Airport Operators, Passenger Revenue, Traffic Incentives and Construction Services.
70GF Score

Get the complete analysis for FRA:169

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€10.25
Price
€9.48
GF Value