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Distribuzione Elettrica Adriatica SpAMIL:DEA -2.25%18 Return-on-Tangible-Equity is 12.29% as of Dec. 2025, which is 48% above its 10-year median of 8.31. GuruFocus rates MIL:DEA with a GF Score™ of 18/100. The stock has 5 warning signs investors should review. Among 497 Utilities - Regulated companies, Distribuzione Elettrica Adriatica SpA ranks better than 50.7% on this metric.
The historical rank and industry rank for Distribuzione Elettrica Adriatica SpA's Return-on-Tangible-Equity or its related term are showing as below:
MIL:DEA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.46 Med: 8.31 Max: 12.95
Current: 10.95
During the past 4 years, Distribuzione Elettrica Adriatica SpA's highest Return-on-Tangible-Equity was 12.95%. The lowest was 3.46%. And the median was 8.31%.
MIL:DEA's Return-on-Tangible-Equity is ranked better than 50.7% of 497
companies
in the Utilities - Regulated industry
Industry Median: 10.86
vs MIL:DEA: 10.95
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.
Distribuzione Elettrica Adriatica SpA Return-on-Tangible-Equity Related Terms
Distribuzione Elettrica Adriatica SpA Return-on-Tangible-Equity Historical Data
* 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:DEA vs NEE, SO, DUK: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Electric subindustry, Distribuzione Elettrica Adriatica 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.
Distribuzione Elettrica Adriatica SpA Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Distribuzione Elettrica Adriatica SpA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Distribuzione Elettrica Adriatica 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 12.29% mean?
Distribuzione Elettrica Adriatica SpA (MIL:DEA) has a Return-on-Tangible-Equity of 12.29% 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 Distribuzione Elettrica Adriatica SpA and its competitors. This is 48% above median its historical median of 8.31. Over the past decade, Distribuzione Elettrica Adriatica SpA's Return-on-Tangible-Equity has ranged from 3.46 to 12.95. According to the industry distribution chart, Distribuzione Elettrica Adriatica SpA ranks #245 out of 497 companies in the Utilities - Regulated industry, placing it in the top 49.3%.
Is Distribuzione Elettrica Adriatica SpA's Return-on-Tangible-Equity too high?
Distribuzione Elettrica Adriatica SpA's current Return-on-Tangible-Equity of 12.29% is 48% above median its 10-year median of 8.31. Over the past 10 years, this metric has ranged from a low of 3.46 to a high of 12.95. The Utilities - Regulated industry median Return-on-Tangible-Equity is 10.86. Distribuzione Elettrica Adriatica SpA's value of 12.29% is 13.2% above this industry median. Based on the distribution chart, Distribuzione Elettrica Adriatica SpA ranks #245 out of 497 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Distribuzione Elettrica Adriatica SpA has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Distribuzione Elettrica Adriatica SpA's Return-on-Tangible-Equity compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Distribuzione Elettrica Adriatica SpA ranks #245 out of 497 companies for Return-on-Tangible-Equity. This puts Distribuzione Elettrica Adriatica SpA in the upper half of its industry. The industry median Return-on-Tangible-Equity is 10.86. Distribuzione Elettrica Adriatica SpA's value of 12.29% is 13.2% above this benchmark. Historically, Distribuzione Elettrica Adriatica SpA's own Return-on-Tangible-Equity has ranged from 3.46 to 12.95 over the past decade. While the company's 10-year median is 8.31 vs. the industry median of 10.86, Distribuzione Elettrica Adriatica 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 - Regulated company?
The median Return-on-Tangible-Equity among Utilities - Regulated companies is 10.86, based on 497 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. Distribuzione Elettrica Adriatica SpA's current Return-on-Tangible-Equity of 12.29% is 13.2% 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 Distribuzione Elettrica Adriatica SpA and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 10.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Distribuzione Elettrica Adriatica SpA's current Return-on-Tangible-Equity is 12.29%, which is 48% above median its own 10-year median of 8.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Distribuzione Elettrica Adriatica SpA stock overvalued right now?
Distribuzione Elettrica Adriatica SpA (MIL:DEA) has a current Return-on-Tangible-Equity of 12.29%. The current Return-on-Tangible-Equity is 12.29%, which is 48% above median its 10-year median of 8.31 and 13.2% above the Utilities - Regulated industry median of 10.86. Distribuzione Elettrica Adriatica SpA's overall GF Score™ is 18/100 with 5 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 Distribuzione Elettrica Adriatica SpA (MIL:DEA), the current Return-on-Tangible-Equity is 12.29% 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.
Distribuzione Elettrica Adriatica SpA is a Italy based company. Its activity is divided into two distinct business lines dedicated, respectively, to the distribution of electricity (Distribution Electrical Energy) and public lighting (Public Lighting). In the distribution of electricity, The company deals with the activities relating to the operation, maintenance and development of medium voltage (MV) and low voltage (LV) infrastructures with the objective of allowing the transport of electricity from the substations of the distribution networks to the withdrawal points (PoD). The public lighting includes design, construction and maintenance of public lighting systems, by virtue of obtaining concessions from the relevant municipalities.
18GF Score
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