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. Aedes SpA's annualized net income for the quarter that ended in Jun. 2025 was €0.88 Mil. Aedes SpA's average shareholder tangible equity for the quarter that ended in Jun. 2025 was €6.53 Mil. Therefore, Aedes SpA's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2025 was 13.44%.
The historical rank and industry rank for Aedes SpA's Return-on-Tangible-Equity or its related term are showing as below:
MIL:AEDES'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -21.71 Med: -5.79 Max: 10.32
Current: 4.04
During the past 13 years, Aedes SpA's highest Return-on-Tangible-Equity was 10.32%. The lowest was -21.71%. And the median was -5.79%.
MIL:AEDES's Return-on-Tangible-Equity is ranked worse than 64.88% of 931
companies
in the REITs industry
Industry Median: 6.23
vs MIL:AEDES: 4.04
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.
Aedes SpA Return-on-Tangible-Equity Related Terms
Aedes SpA Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Aedes 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:AEDES vs SPG, O, KIM: Return-on-Tangible-Equity Comparison
For the REIT - Retail subindustry, Aedes 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.
Aedes SpA Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Aedes SpA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Aedes 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 (Jun. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 13.44% mean?
Aedes SpA (MIL:AEDES) has a Return-on-Tangible-Equity of 13.44% as of Jun. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Aedes SpA and its competitors. According to the industry distribution chart, Aedes SpA ranks #604 out of 931 companies in the REITs industry, placing it in the top 64.9%.
Is Aedes SpA's Return-on-Tangible-Equity too high?
Aedes SpA's current Return-on-Tangible-Equity is 13.44%. The REITs industry median Return-on-Tangible-Equity is 6.23. Aedes SpA's value of 13.44% is 115.7% above this industry median. Based on the distribution chart, Aedes SpA ranks #604 out of 931 companies in the REITs industry, which is below the industry midpoint. Overall, Aedes SpA has a GF Score™ of 35/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Aedes SpA's Return-on-Tangible-Equity compare to SPG and O?
According to the REITs industry distribution chart, Aedes SpA ranks #604 out of 931 companies for Return-on-Tangible-Equity. This places Aedes SpA in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.23. Aedes SpA's value of 13.44% is 115.7% above this benchmark. 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 REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.23, based on 931 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. Aedes SpA's current Return-on-Tangible-Equity of 13.44% is 115.7% 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 Aedes SpA and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aedes SpA's current Return-on-Tangible-Equity is 13.44%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aedes SpA stock overvalued right now?
Based on GuruFocus' analysis, Aedes SpA (MIL:AEDES) is currently considered Possible Value Trap. The stock's GF Value™ is €5.87, compared to a current price of €0.82 — trading 86% below its estimated fair value. The current Return-on-Tangible-Equity is 13.44% and 115.7% above the REITs industry median of 6.23. Aedes SpA's overall GF Score™ is 35/100 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 Aedes SpA (MIL:AEDES), the current Return-on-Tangible-Equity is 13.44% as of Jun. 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 Aedes SpA (MIL:AEDES) Overvalued in 2026?
Based on GuruFocus' analysis, Aedes SpA stock appears to be undervalued.
The current stock price of €0.82 is trading 86% below its estimated GF Value™ of €5.87.
GuruFocus considers Aedes SpA to be Possible Value Trap.
Key valuation signals for MIL:AEDES:
Return-on-Tangible-Equity: 13.44%
GF Value™: €5.87 vs. price of €0.82 (86% below fair value)
Industry Position: 115.7% above the REITs median (#604 of 931)
No single metric tells the full story. See the MIL:AEDES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aedes SpA operates in the real estate sector in Italy and internationally. Its two business lines, acquiring income properties to compete with the performances of European REITs and, on the other, creating a new generation of shopping and leisure centers through its pipeline development.
35GF Score
Get the complete analysis for MIL:AEDES
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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