DHH SpAMIL:DHH -0.73%82 Return-on-Tangible-Equity is 41.99% as of Dec. 2025, which is 98% above its 10-year median of 21.23. GuruFocus rates MIL:DHH with a GF Score™ of 82/100 and a GF Value™ of €25.30 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,466 Software companies, DHH SpA ranks better than 80.17% 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. DHH SpA's annualized net income for the quarter that ended in Dec. 2025 was €4.64 Mil. DHH SpA's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €11.04 Mil. Therefore, DHH SpA's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 41.99%.
The historical rank and industry rank for DHH SpA's Return-on-Tangible-Equity or its related term are showing as below:
MIL:DHH'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.63 Med: 21.23 Max: 70.44
Current: 39.29
During the past 11 years, DHH SpA's highest Return-on-Tangible-Equity was 70.44%. The lowest was 6.63%. And the median was 21.23%.
MIL:DHH's Return-on-Tangible-Equity is ranked better than 80.17% of 2466
companies
in the Software industry
Industry Median: 8.67
vs MIL:DHH: 39.29
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.
DHH SpA Return-on-Tangible-Equity Related Terms
DHH SpA Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for DHH 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:DHH vs MSFT, ORCL, PLTR: Return-on-Tangible-Equity Comparison
For the Software - Infrastructure subindustry, DHH 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.
DHH SpA Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, DHH SpA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where DHH 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 41.99% mean?
DHH SpA (MIL:DHH) has a Return-on-Tangible-Equity of 41.99% 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 DHH SpA and its competitors. This is 98% above median its historical median of 21.23. Over the past decade, DHH SpA's Return-on-Tangible-Equity has ranged from 6.63 to 70.44. According to the industry distribution chart, DHH SpA ranks #489 out of 2466 companies in the Software industry, placing it in the top 19.8%.
Is DHH SpA's Return-on-Tangible-Equity too high?
DHH SpA's current Return-on-Tangible-Equity of 41.99% is 98% above median its 10-year median of 21.23. Over the past 10 years, this metric has ranged from a low of 6.63 to a high of 70.44. The Software industry median Return-on-Tangible-Equity is 8.67. DHH SpA's value of 41.99% is 384.3% above this industry median. Based on the distribution chart, DHH SpA ranks #489 out of 2466 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, DHH SpA has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does DHH SpA's Return-on-Tangible-Equity compare to MSFT and ORCL?
According to the Software industry distribution chart, DHH SpA ranks #489 out of 2466 companies for Return-on-Tangible-Equity. This places DHH SpA in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.67. DHH SpA's value of 41.99% is 384.3% above this benchmark. Historically, DHH SpA's own Return-on-Tangible-Equity has ranged from 6.63 to 70.44 over the past decade. While the company's 10-year median is 21.23 vs. the industry median of 8.67, DHH 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 Software company?
The median Return-on-Tangible-Equity among Software companies is 8.67, based on 2,466 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. DHH SpA's current Return-on-Tangible-Equity of 41.99% is 384.3% 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 DHH SpA and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 8.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DHH SpA's current Return-on-Tangible-Equity is 41.99%, which is 98% above median its own 10-year median of 21.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DHH SpA stock overvalued right now?
Based on GuruFocus' analysis, DHH SpA (MIL:DHH) is currently considered Fairly Valued. The stock's GF Value™ is €25.30, compared to a current price of €27.10 — trading 7.1% above its estimated fair value. The current Return-on-Tangible-Equity is 41.99%, which is 98% above median its 10-year median of 21.23 and 384.3% above the Software industry median of 8.67. DHH SpA's overall GF Score™ is 82/100 with 3 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 DHH SpA (MIL:DHH), the current Return-on-Tangible-Equity is 41.99% 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 DHH SpA (MIL:DHH) Overvalued in 2026?
Based on GuruFocus' analysis, DHH SpA stock appears to be overvalued.
The current stock price of €27.10 is trading 7.1% above its estimated GF Value™ of €25.30.
GuruFocus considers DHH SpA to be Fairly Valued.
Key valuation signals for MIL:DHH:
Return-on-Tangible-Equity: 41.99% (98% above median its 10-year median of 21.23)
GF Value™: €25.30 vs. price of €27.10 (7.1% above fair value)
Industry Position: 384.3% above the Software median (#489 of 2466)
No single metric tells the full story. See the MIL:DHH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DHH SpA is a technology group dedicated to developing digital infrastructure in Southern Europe. It specializes in providing the technology needed to run websites, apps, e-commerce platforms, and Software as a Service (SaaS) solutions. The Group's operating segments are: Cloud computing, Cloud Hosting, Business connectivity, Datacenter & Networking, and Managed IT Services. The majority of its revenue is generated from the Cloud computing segment, which is engaged in the sales of servers, storage, networks, and SaaS (Software as a Service) sales of applications and software platforms as a service. Geographically, it derives maximum revenue from Italy, and the rest from Slovenia, Croatia, Serbia, Switzerland, and Bulgaria.
82GF Score
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