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. Caltagirone Editore SpA's annualized net income for the quarter that ended in Dec. 2025 was €-25.60 Mil. Caltagirone Editore SpA's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €578.93 Mil. Therefore, Caltagirone Editore SpA's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -4.42%.
The historical rank and industry rank for Caltagirone Editore SpA's Return-on-Tangible-Equity or its related term are showing as below:
MIL:CED'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -25.69 Med: -1.79 Max: 10.74
Current: 0.12
During the past 13 years, Caltagirone Editore SpA's highest Return-on-Tangible-Equity was 10.74%. The lowest was -25.69%. And the median was -1.79%.
MIL:CED's Return-on-Tangible-Equity is ranked worse than 64.97% of 862
companies
in the Media - Diversified industry
Industry Median: 5.395
vs MIL:CED: 0.12
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.
Caltagirone Editore SpA Return-on-Tangible-Equity Related Terms
Caltagirone Editore SpA Return-on-Tangible-Equity Historical Data
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The historical data trend for Caltagirone Editore 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:CED vs NYT, WLY: Return-on-Tangible-Equity Comparison
For the Publishing subindustry, Caltagirone Editore 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.
Caltagirone Editore SpA Return-on-Tangible-Equity vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Caltagirone Editore SpA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Caltagirone Editore 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 -4.42% mean?
Caltagirone Editore SpA (MIL:CED) has a Return-on-Tangible-Equity of -4.42% 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 Caltagirone Editore SpA and its competitors. According to the industry distribution chart, Caltagirone Editore SpA ranks #560 out of 862 companies in the Media - Diversified industry, placing it in the top 65%.
Is Caltagirone Editore SpA's Return-on-Tangible-Equity too high?
Caltagirone Editore SpA's current Return-on-Tangible-Equity is -4.42%. Based on the distribution chart, Caltagirone Editore SpA ranks #560 out of 862 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Caltagirone Editore SpA has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Caltagirone Editore SpA's Return-on-Tangible-Equity compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Caltagirone Editore SpA ranks #560 out of 862 companies for Return-on-Tangible-Equity. This places Caltagirone Editore SpA in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.40. 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 Media - Diversified company?
The median Return-on-Tangible-Equity among Media - Diversified companies is 5.40, based on 862 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 Caltagirone Editore SpA and its competitors. For the Media - Diversified industry, the median Return-on-Tangible-Equity is 5.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Caltagirone Editore SpA's current Return-on-Tangible-Equity is -4.42%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Caltagirone Editore SpA stock overvalued right now?
Based on GuruFocus' analysis, Caltagirone Editore SpA (MIL:CED) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.13, compared to a current price of €2.38 — trading 110.6% above its estimated fair value. The current Return-on-Tangible-Equity is -4.42%. Caltagirone Editore SpA's overall GF Score™ is 46/100 with 7 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 Caltagirone Editore SpA (MIL:CED), the current Return-on-Tangible-Equity is -4.42% 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 Caltagirone Editore SpA (MIL:CED) Overvalued in 2026?
Based on GuruFocus' analysis, Caltagirone Editore SpA stock appears to be overvalued.
The current stock price of €2.38 is trading 110.6% above its estimated GF Value™ of €1.13.
GuruFocus considers Caltagirone Editore SpA to be Significantly Overvalued.
Key valuation signals for MIL:CED:
Return-on-Tangible-Equity: -4.42%
GF Value™: €1.13 vs. price of €2.38 (110.6% above fair value)
No single metric tells the full story. See the MIL:CED stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Caltagirone Editore SpA is active in newspaper publishing (both paid and free), digital information, and advertising. It operates through national and local newspapers, reaching a wide base of readers and advertisers and ensuring wide-reaching and consistent dissemination of information to its readers. The company is engaged in publishing and advertising segments and is also involved in financing activities. Its products and service revenue include advertising revenues, circulation revenues, revenues from services, and other circulation revenues.
46GF Score
Get the complete analysis for MIL:CED
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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