ACEA SpAMIL:ACE -0.46%65 Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 2026. GuruFocus rates MIL:ACE with a GF Score™ of 65/100 and a GF Value™ of €15.07 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 499 Utilities - Regulated companies, ACEA SpA ranks better than 99.8% 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. ACEA SpA's annualized net income for the quarter that ended in Mar. 2026 was €443 Mil. ACEA SpA's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €-2,164 Mil. Therefore, ACEA 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 ACEA SpA's Return-on-Tangible-Equity or its related term are showing as below:
MIL:ACE'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0
Current: Negative Tangible Equity
MIL:ACE's Return-on-Tangible-Equity is ranked better than 99.8% of 499
companies
in the Utilities - Regulated industry
Industry Median: 10.9
vs MIL:ACE: Negative Tangible Equity
ACEA SpA (MIL:ACE) 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.
ACEA SpA Return-on-Tangible-Equity Related Terms
ACEA SpA Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for ACEA 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:ACE vs SRE: Return-on-Tangible-Equity Comparison
For the Utilities - Diversified subindustry, ACEA 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.
ACEA SpA Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, ACEA SpA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where ACEA 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 Negative Tangible Equity% mean?
ACEA SpA (MIL:ACE) 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 ACEA SpA and its competitors. According to the industry distribution chart, ACEA SpA ranks #1 out of 499 companies in the Utilities - Regulated industry, placing it in the top 0.2%.
Is ACEA SpA's Return-on-Tangible-Equity too high?
ACEA SpA's current Return-on-Tangible-Equity is Negative Tangible Equity%. Based on the distribution chart, ACEA SpA ranks #1 out of 499 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, ACEA SpA has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ACEA SpA's Return-on-Tangible-Equity compare to SRE?
According to the Utilities - Regulated industry distribution chart, ACEA SpA ranks #1 out of 499 companies for Return-on-Tangible-Equity. This places ACEA SpA in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 10.90. 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 an Utilities - Regulated company?
The median Return-on-Tangible-Equity among Utilities - Regulated companies is 10.90, based on 499 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 ACEA SpA and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 10.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ACEA 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 ACEA SpA stock overvalued right now?
Based on GuruFocus' analysis, ACEA SpA (MIL:ACE) is currently considered Significantly Overvalued. The stock's GF Value™ is €15.07, compared to a current price of €21.56 — trading 43.1% above its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. ACEA SpA's overall GF Score™ is 65/100 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 ACEA SpA (MIL:ACE), 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 ACEA SpA (MIL:ACE) Overvalued in 2026?
Based on GuruFocus' analysis, ACEA SpA stock appears to be overvalued.
The current stock price of €21.56 is trading 43.1% above its estimated GF Value™ of €15.07.
GuruFocus considers ACEA SpA to be Significantly Overvalued.
No single metric tells the full story. See the MIL:ACE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ACEA SpA is an Italian-based electricity and water utility company. It operates chiefly in Rome and other cities in Lazio, a central Italian region. With the help of its various subsidiaries and numerous ventures, Acea produces and sells energy, utilities, and environmental products and services. The operating segments of the firm include: Water, Networks and Public Lighting, Environment, Production, Commercial, and Engineering & Infrastructure Projects.
65GF Score
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