Energy Time SpAMIL:ET 18 Return-on-Tangible-Equity is 52.96% as of Dec. 2025, which is 97% above its 10-year median of 26.82. GuruFocus rates MIL:ET with a GF Score™ of 18/100. The stock has 3 warning signs investors should review. Among 984 Semiconductors companies, Energy Time SpA ranks better than 91.97% 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. Energy Time SpA's annualized net income for the quarter that ended in Dec. 2025 was €5.39 Mil. Energy Time SpA's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €10.17 Mil. Therefore, Energy Time SpA's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 52.96%.
The historical rank and industry rank for Energy Time SpA's Return-on-Tangible-Equity or its related term are showing as below:
MIL:ET'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 24.58 Med: 26.82 Max: 32.84
Current: 32.84
During the past 2 years, Energy Time SpA's highest Return-on-Tangible-Equity was 32.84%. The lowest was 24.58%. And the median was 26.82%.
MIL:ET's Return-on-Tangible-Equity is ranked better than 91.97% of 984
companies
in the Semiconductors industry
Industry Median: 5.24
vs MIL:ET: 32.84
Energy Time SpA (MIL:ET) 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.
Energy Time SpA Return-on-Tangible-Equity Related Terms
Energy Time SpA Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Energy Time 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.
Energy Time SpA Return-on-Tangible-Equity Chart
Energy Time SpA Annual Data
Trend
Dec24
Dec25
Return-on-Tangible-Equity
24.58
29.05
Energy Time SpA Semi-Annual Data
Dec24
Jun25
Dec25
Return-on-Tangible-Equity
0.00
7.28
52.96
MIL:ET vs FSLR, NXT, ENPH: Return-on-Tangible-Equity Comparison
For the Solar subindustry, Energy Time 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.
Energy Time SpA Return-on-Tangible-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Energy Time SpA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Energy Time 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 52.96% mean?
Energy Time SpA (MIL:ET) has a Return-on-Tangible-Equity of 52.96% 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 Energy Time SpA and its competitors. This is 97% above median its historical median of 26.82. Over the past decade, Energy Time SpA's Return-on-Tangible-Equity has ranged from 24.58 to 32.84. According to the industry distribution chart, Energy Time SpA ranks #79 out of 984 companies in the Semiconductors industry, placing it in the top 8%.
Is Energy Time SpA's Return-on-Tangible-Equity too high?
Energy Time SpA's current Return-on-Tangible-Equity of 52.96% is 97% above median its 10-year median of 26.82. Over the past 10 years, this metric has ranged from a low of 24.58 to a high of 32.84. The Semiconductors industry median Return-on-Tangible-Equity is 5.24. Energy Time SpA's value of 52.96% is 910.7% above this industry median. Based on the distribution chart, Energy Time SpA ranks #79 out of 984 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Energy Time SpA has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Energy Time SpA's Return-on-Tangible-Equity compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Energy Time SpA ranks #79 out of 984 companies for Return-on-Tangible-Equity. This places Energy Time SpA in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.24. Energy Time SpA's value of 52.96% is 910.7% above this benchmark. Historically, Energy Time SpA's own Return-on-Tangible-Equity has ranged from 24.58 to 32.84 over the past decade. While the company's 10-year median is 26.82 vs. the industry median of 5.24, Energy Time 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 Semiconductors company?
The median Return-on-Tangible-Equity among Semiconductors companies is 5.24, based on 984 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. Energy Time SpA's current Return-on-Tangible-Equity of 52.96% is 910.7% 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 Energy Time SpA and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Equity is 5.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Energy Time SpA's current Return-on-Tangible-Equity is 52.96%, which is 97% above median its own 10-year median of 26.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Energy Time SpA stock overvalued right now?
Energy Time SpA (MIL:ET) has a current Return-on-Tangible-Equity of 52.96%. The current Return-on-Tangible-Equity is 52.96%, which is 97% above median its 10-year median of 26.82 and 910.7% above the Semiconductors industry median of 5.24. Energy Time SpA's overall GF Score™ is 18/100 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 Energy Time SpA (MIL:ET), the current Return-on-Tangible-Equity is 52.96% 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.
Energy Time SpA provides renewable energy solutions, specializing in the design, procurement, installation, and maintenance of solar photovoltaic, and thermal systems, heat pumps, cogeneration, and energy-efficiency services.
18GF Score
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