Emak SpAMIL:EM +0.35%50 Return-on-Tangible-Equity is 20.79% as of Mar. 2026, which is 38% above its 10-year median of 15.03. GuruFocus rates MIL:EM with a GF Score™ of 50/100 and a GF Value™ of €0.97 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,971 Industrial Products companies, Emak SpA ranks worse than 50.62% 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. Emak SpA's annualized net income for the quarter that ended in Mar. 2026 was €39.3 Mil. Emak SpA's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €189.0 Mil. Therefore, Emak SpA's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 20.79%.
The historical rank and industry rank for Emak SpA's Return-on-Tangible-Equity or its related term are showing as below:
MIL:EM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.25 Med: 15.03 Max: 23.61
Current: 6.59
During the past 13 years, Emak SpA's highest Return-on-Tangible-Equity was 23.61%. The lowest was 3.25%. And the median was 15.03%.
MIL:EM's Return-on-Tangible-Equity is ranked worse than 50.62% of 2971
companies
in the Industrial Products industry
Industry Median: 6.72
vs MIL:EM: 6.59
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.
Emak SpA Return-on-Tangible-Equity Related Terms
Emak SpA Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Emak 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:EM vs SNA, RBC, LECO: Return-on-Tangible-Equity Comparison
For the Tools & Accessories subindustry, Emak 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.
Emak SpA Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Emak SpA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Emak 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 four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 20.79% mean?
Emak SpA (MIL:EM) has a Return-on-Tangible-Equity of 20.79% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Emak SpA and its competitors. This is 38% above median its historical median of 15.03. Over the past decade, Emak SpA's Return-on-Tangible-Equity has ranged from 3.25 to 23.61. According to the industry distribution chart, Emak SpA ranks #1504 out of 2971 companies in the Industrial Products industry, placing it in the top 50.6%.
Is Emak SpA's Return-on-Tangible-Equity too high?
Emak SpA's current Return-on-Tangible-Equity of 20.79% is 38% above median its 10-year median of 15.03. Over the past 10 years, this metric has ranged from a low of 3.25 to a high of 23.61. The Industrial Products industry median Return-on-Tangible-Equity is 6.72. Emak SpA's value of 20.79% is 209.4% above this industry median. Based on the distribution chart, Emak SpA ranks #1504 out of 2971 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Emak SpA has a GF Score™ of 50/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Emak SpA's Return-on-Tangible-Equity compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Emak SpA ranks #1504 out of 2971 companies for Return-on-Tangible-Equity. This places Emak SpA in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.72. Emak SpA's value of 20.79% is 209.4% above this benchmark. Historically, Emak SpA's own Return-on-Tangible-Equity has ranged from 3.25 to 23.61 over the past decade. While the company's 10-year median is 15.03 vs. the industry median of 6.72, Emak 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 Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.72, based on 2,971 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. Emak SpA's current Return-on-Tangible-Equity of 20.79% is 209.4% 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 Emak SpA and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emak SpA's current Return-on-Tangible-Equity is 20.79%, which is 38% above median its own 10-year median of 15.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emak SpA stock overvalued right now?
Based on GuruFocus' analysis, Emak SpA (MIL:EM) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.97, compared to a current price of €0.87 — trading 10.7% below its estimated fair value. The current Return-on-Tangible-Equity is 20.79%, which is 38% above median its 10-year median of 15.03 and 209.4% above the Industrial Products industry median of 6.72. Emak SpA's overall GF Score™ is 50/100 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 Emak SpA (MIL:EM), the current Return-on-Tangible-Equity is 20.79% as of Mar. 2026. 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 Emak SpA (MIL:EM) Overvalued in 2026?
Based on GuruFocus' analysis, Emak SpA stock appears to be undervalued.
The current stock price of €0.87 is trading 10.7% below its estimated GF Value™ of €0.97.
GuruFocus considers Emak SpA to be Modestly Undervalued.
Key valuation signals for MIL:EM:
Return-on-Tangible-Equity: 20.79% (38% above median its 10-year median of 15.03)
GF Value™: €0.97 vs. price of €0.87 (10.7% below fair value)
Industry Position: 209.4% above the Industrial Products median (#1504 of 2971)
No single metric tells the full story. See the MIL:EM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Emak SpA is engaged in the manufacturing and distribution of machines, parts, and accessories for gardening, forestry, agriculture, and industry. It operates through the following segments: Outdoor Power Equipment, Pumps and Water Jetting, and Components and Accessories. Maximum revenue is generated from the Pumps and Water Jetting segment, which offers membrane pumps for the agricultural sector, piston pumps for the industrial sector, professional and semi-professional high-pressure washers, hydrodynamic units, and urban cleaning machines. Geographically, the company generates maximum revenue from Europe, followed by the Americas, Asia, Africa, and Oceania.
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