A.b.p. Nocivelli SpAMIL:ABP -0.87%92 Return-on-Tangible-Equity is 19.50% as of Dec. 2025, which is 9% below its 10-year median of 21.33. GuruFocus rates MIL:ABP with a GF Score™ of 92/100 and a GF Value™ of €6.46 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,704 Construction companies, A.b.p. Nocivelli SpA ranks better than 73.06% 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. A.b.p. Nocivelli SpA's annualized net income for the quarter that ended in Dec. 2025 was €14.62 Mil. A.b.p. Nocivelli SpA's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €74.98 Mil. Therefore, A.b.p. Nocivelli SpA's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 19.50%.
The historical rank and industry rank for A.b.p. Nocivelli SpA's Return-on-Tangible-Equity or its related term are showing as below:
MIL:ABP'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 16.85 Med: 21.33 Max: 24.61
Current: 16.85
During the past 7 years, A.b.p. Nocivelli SpA's highest Return-on-Tangible-Equity was 24.61%. The lowest was 16.85%. And the median was 21.33%.
MIL:ABP's Return-on-Tangible-Equity is ranked better than 73.06% of 1704
companies
in the Construction industry
Industry Median: 8.245
vs MIL:ABP: 16.85
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.
A.b.p. Nocivelli SpA Return-on-Tangible-Equity Related Terms
A.b.p. Nocivelli SpA Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for A.b.p. Nocivelli 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.
MIL:ABP vs PWR, FIX, EME: Return-on-Tangible-Equity Comparison
For the Engineering & Construction subindustry, A.b.p. Nocivelli 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.
A.b.p. Nocivelli SpA Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, A.b.p. Nocivelli SpA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where A.b.p. Nocivelli 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 two times the semi-annual (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 19.50% mean?
A.b.p. Nocivelli SpA (MIL:ABP) has a Return-on-Tangible-Equity of 19.50% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on A.b.p. Nocivelli SpA and its competitors. This is near median its historical median of 21.33. Over the past decade, A.b.p. Nocivelli SpA's Return-on-Tangible-Equity has ranged from 16.85 to 24.61. According to the industry distribution chart, A.b.p. Nocivelli SpA ranks #459 out of 1704 companies in the Construction industry, placing it in the top 26.9%.
Is A.b.p. Nocivelli SpA's Return-on-Tangible-Equity too high?
A.b.p. Nocivelli SpA's current Return-on-Tangible-Equity of 19.50% is near median its 10-year median of 21.33. Over the past 10 years, this metric has ranged from a low of 16.85 to a high of 24.61. The Construction industry median Return-on-Tangible-Equity is 8.25. A.b.p. Nocivelli SpA's value of 19.50% is 136.5% above this industry median. Based on the distribution chart, A.b.p. Nocivelli SpA ranks #459 out of 1704 companies in the Construction industry, which is above the industry midpoint. Overall, A.b.p. Nocivelli SpA has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does A.b.p. Nocivelli SpA's Return-on-Tangible-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, A.b.p. Nocivelli SpA ranks #459 out of 1704 companies for Return-on-Tangible-Equity. This puts A.b.p. Nocivelli SpA in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.25. A.b.p. Nocivelli SpA's value of 19.50% is 136.5% above this benchmark. Historically, A.b.p. Nocivelli SpA's own Return-on-Tangible-Equity has ranged from 16.85 to 24.61 over the past decade. While the company's 10-year median is 21.33 vs. the industry median of 8.25, A.b.p. Nocivelli 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 Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.25, based on 1,704 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. A.b.p. Nocivelli SpA's current Return-on-Tangible-Equity of 19.50% is 136.5% 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-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 A.b.p. Nocivelli SpA and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. A.b.p. Nocivelli SpA's current Return-on-Tangible-Equity is 19.50%, which is near median its own 10-year median of 21.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is A.b.p. Nocivelli SpA stock overvalued right now?
Based on GuruFocus' analysis, A.b.p. Nocivelli SpA (MIL:ABP) is currently considered Modestly Undervalued. The stock's GF Value™ is €6.46, compared to a current price of €5.85 — trading 9.4% below its estimated fair value. The current Return-on-Tangible-Equity is 19.50%, which is near median its 10-year median of 21.33 and 136.5% above the Construction industry median of 8.25. A.b.p. Nocivelli SpA's overall GF Score™ is 92/100 with 1 warning sign 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 A.b.p. Nocivelli SpA (MIL:ABP), the current Return-on-Tangible-Equity is 19.50% 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 A.b.p. Nocivelli SpA (MIL:ABP) Overvalued in 2026?
Based on GuruFocus' analysis, A.b.p. Nocivelli SpA stock appears to be undervalued.
The current stock price of €5.85 is trading 9.4% below its estimated GF Value™ of €6.46.
GuruFocus considers A.b.p. Nocivelli SpA to be Modestly Undervalued.
Key valuation signals for MIL:ABP:
Return-on-Tangible-Equity: 19.50% (near median its 10-year median of 21.33)
GF Value™: €6.46 vs. price of €5.85 (9.4% below fair value)
Industry Position: 136.5% above the Construction median (#459 of 1704)
No single metric tells the full story. See the MIL:ABP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
A.b.p. Nocivelli SpA is engaged in designing, implementing, and managing public hospital infrastructures. The activities of the company are Construction of technologicalinstallations, Building and plant renovation, provision of SPECT-CT tomography, electrical and mechanical installations, and others. The projects of the company include Spedali Civili Hospital in Brescia.
92GF Score
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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