Alerion CleanPower SPAMIL:ARN +0.94%63 Return-on-Tangible-Equity is 182.12% as of Dec. 2025, which is 123% above its 10-year median of 81.78. GuruFocus rates MIL:ARN with a GF Score™ of 63/100 and a GF Value™ of €12.80 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 426 Utilities - Independent Power Producers companies, Alerion CleanPower SPA ranks better than 94.84% 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. Alerion CleanPower SPA's annualized net income for the quarter that ended in Dec. 2025 was €176.1 Mil. Alerion CleanPower SPA's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €96.7 Mil. Therefore, Alerion CleanPower SPA's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 182.12%.
The historical rank and industry rank for Alerion CleanPower SPA's Return-on-Tangible-Equity or its related term are showing as below:
MIL:ARN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.46 Med: 81.78 Max: 442.45
Current: 95.19
During the past 13 years, Alerion CleanPower SPA's highest Return-on-Tangible-Equity was 442.45%. The lowest was 2.46%. And the median was 81.78%.
MIL:ARN's Return-on-Tangible-Equity is ranked better than 94.84% of 426
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.695
vs MIL:ARN: 95.19
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.
Alerion CleanPower SPA Return-on-Tangible-Equity Related Terms
Alerion CleanPower SPA Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Alerion CleanPower 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.
For the Utilities - Renewable subindustry, Alerion CleanPower 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.
Alerion CleanPower SPA Return-on-Tangible-Equity vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Alerion CleanPower SPA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Alerion CleanPower 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 182.12% mean?
Alerion CleanPower SPA (MIL:ARN) has a Return-on-Tangible-Equity of 182.12% 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 Alerion CleanPower SPA and its competitors. This is 123% above median its historical median of 81.78. Over the past decade, Alerion CleanPower SPA's Return-on-Tangible-Equity has ranged from 2.46 to 442.45. According to the industry distribution chart, Alerion CleanPower SPA ranks #22 out of 426 companies in the Utilities - Independent Power Producers industry, placing it in the top 5.2%.
Is Alerion CleanPower SPA's Return-on-Tangible-Equity too high?
Alerion CleanPower SPA's current Return-on-Tangible-Equity of 182.12% is 123% above median its 10-year median of 81.78. Over the past 10 years, this metric has ranged from a low of 2.46 to a high of 442.45. The Utilities - Independent Power Producers industry median Return-on-Tangible-Equity is 4.70. Alerion CleanPower SPA's value of 182.12% is 3779% above this industry median. Based on the distribution chart, Alerion CleanPower SPA ranks #22 out of 426 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Alerion CleanPower SPA has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alerion CleanPower SPA's Return-on-Tangible-Equity compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Alerion CleanPower SPA ranks #22 out of 426 companies for Return-on-Tangible-Equity. This places Alerion CleanPower SPA in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.70. Alerion CleanPower SPA's value of 182.12% is 3779% above this benchmark. Historically, Alerion CleanPower SPA's own Return-on-Tangible-Equity has ranged from 2.46 to 442.45 over the past decade. While the company's 10-year median is 81.78 vs. the industry median of 4.70, Alerion CleanPower 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 an Utilities - Independent Power Producers company?
The median Return-on-Tangible-Equity among Utilities - Independent Power Producers companies is 4.70, based on 426 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. Alerion CleanPower SPA's current Return-on-Tangible-Equity of 182.12% is 3779% 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 Alerion CleanPower SPA and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Equity is 4.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alerion CleanPower SPA's current Return-on-Tangible-Equity is 182.12%, which is 123% above median its own 10-year median of 81.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alerion CleanPower SPA stock overvalued right now?
Based on GuruFocus' analysis, Alerion CleanPower SPA (MIL:ARN) is currently considered Significantly Overvalued. The stock's GF Value™ is €12.80, compared to a current price of €21.50 — trading 68% above its estimated fair value. The current Return-on-Tangible-Equity is 182.12%, which is 123% above median its 10-year median of 81.78 and 3779% above the Utilities - Independent Power Producers industry median of 4.70. Alerion CleanPower SPA's overall GF Score™ is 63/100 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 Alerion CleanPower SPA (MIL:ARN), the current Return-on-Tangible-Equity is 182.12% 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 Alerion CleanPower SPA (MIL:ARN) Overvalued in 2026?
Based on GuruFocus' analysis, Alerion CleanPower SPA stock appears to be overvalued.
The current stock price of €21.50 is trading 68% above its estimated GF Value™ of €12.80.
GuruFocus considers Alerion CleanPower SPA to be Significantly Overvalued.
Key valuation signals for MIL:ARN:
Return-on-Tangible-Equity: 182.12% (123% above median its 10-year median of 81.78)
GF Value™: €12.80 vs. price of €21.50 (68% above fair value)
Industry Position: 3779% above the Utilities - Independent Power Producers median (#22 of 426)
No single metric tells the full story. See the MIL:ARN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alerion CleanPower SPA operates in the renewable energy sector, managing wind and solar power plants across Italy, Romania, Spain, and Bulgaria. Its activities include the generation of electricity from renewable sources. The company focused on wind and solar power generation and energy storage.
63GF Score
Get the complete analysis for MIL:ARN
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MIL:ARN has been successfully added to your 
