Dba Group SpAMIL:DBA -1.19%83 Return-on-Tangible-Equity is 47.03% as of Dec. 2025, which is 419% above its 10-year median of 9.06. GuruFocus rates MIL:DBA with a GF Score™ of 83/100 and a GF Value™ of €3.27 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,704 Construction companies, Dba Group SpA ranks better than 86.74% 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. Dba Group SpA's annualized net income for the quarter that ended in Dec. 2025 was €6.0 Mil. Dba Group SpA's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €12.8 Mil. Therefore, Dba Group SpA's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 47.03%.
The historical rank and industry rank for Dba Group SpA's Return-on-Tangible-Equity or its related term are showing as below:
MIL:DBA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -40.56 Med: 9.06 Max: 44.06
Current: 37.47
During the past 12 years, Dba Group SpA's highest Return-on-Tangible-Equity was 44.06%. The lowest was -40.56%. And the median was 9.06%.
MIL:DBA's Return-on-Tangible-Equity is ranked better than 86.74% of 1704
companies
in the Construction industry
Industry Median: 8.245
vs MIL:DBA: 37.47
Dba Group SpA (MIL:DBA) 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.
Dba Group SpA Return-on-Tangible-Equity Related Terms
Dba Group SpA Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Dba Group 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:DBA vs PWR, FIX, EME: Return-on-Tangible-Equity Comparison
For the Engineering & Construction subindustry, Dba Group 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.
Dba Group SpA Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Dba Group SpA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Dba Group 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 47.03% mean?
Dba Group SpA (MIL:DBA) has a Return-on-Tangible-Equity of 47.03% 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 Dba Group SpA and its competitors. This is 419% above median its historical median of 9.06. According to the industry distribution chart, Dba Group SpA ranks #226 out of 1704 companies in the Construction industry, placing it in the top 13.3%.
Is Dba Group SpA's Return-on-Tangible-Equity too high?
Dba Group SpA's current Return-on-Tangible-Equity of 47.03% is 419% above median its 10-year median of 9.06. The Construction industry median Return-on-Tangible-Equity is 8.25. Dba Group SpA's value of 47.03% is 470.4% above this industry median. Based on the distribution chart, Dba Group SpA ranks #226 out of 1704 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Dba Group SpA has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dba Group SpA's Return-on-Tangible-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Dba Group SpA ranks #226 out of 1704 companies for Return-on-Tangible-Equity. This places Dba Group SpA in the top 13% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.25. Dba Group SpA's value of 47.03% is 470.4% above this benchmark. While the company's 10-year median is 9.06 vs. the industry median of 8.25, Dba Group 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. Dba Group SpA's current Return-on-Tangible-Equity of 47.03% is 470.4% 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 Dba Group 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. Dba Group SpA's current Return-on-Tangible-Equity is 47.03%, which is 419% above median its own 10-year median of 9.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dba Group SpA stock overvalued right now?
Based on GuruFocus' analysis, Dba Group SpA (MIL:DBA) is currently considered Modestly Overvalued. The stock's GF Value™ is €3.27, compared to a current price of €4.15 — trading 26.9% above its estimated fair value. The current Return-on-Tangible-Equity is 47.03%, which is 419% above median its 10-year median of 9.06 and 470.4% above the Construction industry median of 8.25. Dba Group SpA's overall GF Score™ is 83/100 with 2 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 Dba Group SpA (MIL:DBA), the current Return-on-Tangible-Equity is 47.03% 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 Dba Group SpA (MIL:DBA) Overvalued in 2026?
Based on GuruFocus' analysis, Dba Group SpA stock appears to be overvalued.
The current stock price of €4.15 is trading 26.9% above its estimated GF Value™ of €3.27.
GuruFocus considers Dba Group SpA to be Modestly Overvalued.
Key valuation signals for MIL:DBA:
Return-on-Tangible-Equity: 47.03% (419% above median its 10-year median of 9.06)
GF Value™: €3.27 vs. price of €4.15 (26.9% above fair value)
Industry Position: 470.4% above the Construction median (#226 of 1704)
No single metric tells the full story. See the MIL:DBA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dba Group SpA is an independent holding company specializing in providing Consulting, Architecture, Engineering, Project Management, and ICT solutions focused on the life cycle management of mission-critical works and infrastructures. The company functions around the following areas of activities; development of web applications and software platforms: for the automation of the management processes in structures and infrastructures' lifecycle; management of telecommunications infrastructure projects; and engineering services and architectural services. Additionally, the group offers consulting services.
83GF Score
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