Esi SpAMIL:ESIGM -2.92%80 Return-on-Tangible-Equity is -2.16% as of Dec. 2025. GuruFocus rates MIL:ESIGM with a GF Score™ of 80/100 and a GF Value™ of €2.15 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,703 Construction companies, Esi SpA ranks worse than 61.01% 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. Esi SpA's annualized net income for the quarter that ended in Dec. 2025 was €-0.08 Mil. Esi SpA's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €3.88 Mil. Therefore, Esi SpA's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -2.16%.
The historical rank and industry rank for Esi SpA's Return-on-Tangible-Equity or its related term are showing as below:
MIL:ESIGM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -73.88 Med: 5.17 Max: 109.87
Current: 5.11
During the past 7 years, Esi SpA's highest Return-on-Tangible-Equity was 109.87%. The lowest was -73.88%. And the median was 5.17%.
MIL:ESIGM's Return-on-Tangible-Equity is ranked worse than 61.01% of 1703
companies
in the Construction industry
Industry Median: 8.23
vs MIL:ESIGM: 5.11
Esi SpA (MIL:ESIGM) 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.
Esi SpA Return-on-Tangible-Equity Related Terms
Esi SpA Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Esi 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:ESIGM vs PWR, FIX, EME: Return-on-Tangible-Equity Comparison
For the Engineering & Construction subindustry, Esi 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.
Esi SpA Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Esi SpA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Esi 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 -2.16% mean?
Esi SpA (MIL:ESIGM) has a Return-on-Tangible-Equity of -2.16% 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 Esi SpA and its competitors. According to the industry distribution chart, Esi SpA ranks #1039 out of 1703 companies in the Construction industry, placing it in the top 61%.
Is Esi SpA's Return-on-Tangible-Equity too high?
Esi SpA's current Return-on-Tangible-Equity is -2.16%. Based on the distribution chart, Esi SpA ranks #1039 out of 1703 companies in the Construction industry, which is below the industry midpoint. Overall, Esi SpA has a GF Score™ of 80/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Esi SpA's Return-on-Tangible-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Esi SpA ranks #1039 out of 1703 companies for Return-on-Tangible-Equity. This places Esi SpA in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.23. 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 8.23, based on 1,703 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 Esi SpA and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Esi SpA's current Return-on-Tangible-Equity is -2.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Esi SpA stock overvalued right now?
Based on GuruFocus' analysis, Esi SpA (MIL:ESIGM) is currently considered Possible Value Trap. The stock's GF Value™ is €2.15, compared to a current price of €1.17 — trading 45.8% below its estimated fair value. The current Return-on-Tangible-Equity is -2.16%. Esi SpA's overall GF Score™ is 80/100 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 Esi SpA (MIL:ESIGM), the current Return-on-Tangible-Equity is -2.16% 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 Esi SpA (MIL:ESIGM) Overvalued in 2026?
Based on GuruFocus' analysis, Esi SpA stock appears to be undervalued.
The current stock price of €1.17 is trading 45.8% below its estimated GF Value™ of €2.15.
GuruFocus considers Esi SpA to be Possible Value Trap.
Key valuation signals for MIL:ESIGM:
Return-on-Tangible-Equity: -2.16%
GF Value™: €2.15 vs. price of €1.17 (45.8% below fair value)
No single metric tells the full story. See the MIL:ESIGM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Esi SpA operates in the renewable energy market as an EPC contractor and a System Integrator. The company covers all phases within the renewable energy value chain, from project development to engineering and construction. As an EPC contractor, it is involved in designing and constructing turnkey photovoltaic systems, civil works, excavations, roads, wind farm foundations, and high-voltage underground cable ducts. It also builds control cabins and foundations for high-voltage plants, provides maintenance of photovoltaic power plants, and performs other related activities. As a System Integrator, the company constructs mini-grid and off-grid systems for electricity supply in remote areas and designs storage systems for electrical energy production.
80GF Score
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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