Generalfinance SpAMIL:GF +3.11%76 Return-on-Tangible-Equity is 21.10% as of Mar. 2026, which is 18% below its 10-year median of 25.86. GuruFocus rates MIL:GF with a GF Score™ of 76/100 and a GF Value™ of €16.11 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 525 Credit Services companies, Generalfinance SpA ranks better than 91.81% 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. Generalfinance SpA's annualized net income for the quarter that ended in Mar. 2026 was €20.5 Mil. Generalfinance SpA's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €97.0 Mil. Therefore, Generalfinance SpA's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 21.10%.
The historical rank and industry rank for Generalfinance SpA's Return-on-Tangible-Equity or its related term are showing as below:
MIL:GF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 17.94 Med: 25.86 Max: 36.29
Current: 32.35
During the past 8 years, Generalfinance SpA's highest Return-on-Tangible-Equity was 36.29%. The lowest was 17.94%. And the median was 25.86%.
MIL:GF's Return-on-Tangible-Equity is ranked better than 91.81% of 525
companies
in the Credit Services industry
Industry Median: 7.01
vs MIL:GF: 32.35
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.
Generalfinance SpA Return-on-Tangible-Equity Related Terms
Generalfinance SpA Return-on-Tangible-Equity Historical Data
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The historical data trend for Generalfinance 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:GF vs V, MA, AXP: Return-on-Tangible-Equity Comparison
For the Credit Services subindustry, Generalfinance 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.
Generalfinance SpA Return-on-Tangible-Equity vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Generalfinance SpA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Generalfinance 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 21.10% mean?
Generalfinance SpA (MIL:GF) has a Return-on-Tangible-Equity of 21.10% 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 Generalfinance SpA and its competitors. This is 18% below median its historical median of 25.86. Over the past decade, Generalfinance SpA's Return-on-Tangible-Equity has ranged from 17.94 to 36.29. According to the industry distribution chart, Generalfinance SpA ranks #43 out of 525 companies in the Credit Services industry, placing it in the top 8.2%.
Is Generalfinance SpA's Return-on-Tangible-Equity too high?
Generalfinance SpA's current Return-on-Tangible-Equity of 21.10% is 18% below median its 10-year median of 25.86. Over the past 10 years, this metric has ranged from a low of 17.94 to a high of 36.29. The Credit Services industry median Return-on-Tangible-Equity is 7.01. Generalfinance SpA's value of 21.10% is 201% above this industry median. Based on the distribution chart, Generalfinance SpA ranks #43 out of 525 companies in the Credit Services industry, which is in the top quartile — a strong position relative to peers. Overall, Generalfinance SpA has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Generalfinance SpA's Return-on-Tangible-Equity compare to V and MA?
According to the Credit Services industry distribution chart, Generalfinance SpA ranks #43 out of 525 companies for Return-on-Tangible-Equity. This places Generalfinance SpA in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.01. Generalfinance SpA's value of 21.10% is 201% above this benchmark. Historically, Generalfinance SpA's own Return-on-Tangible-Equity has ranged from 17.94 to 36.29 over the past decade. While the company's 10-year median is 25.86 vs. the industry median of 7.01, Generalfinance 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 Credit Services company?
The median Return-on-Tangible-Equity among Credit Services companies is 7.01, based on 525 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. Generalfinance SpA's current Return-on-Tangible-Equity of 21.10% is 201% 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 Generalfinance SpA and its competitors. For the Credit Services industry, the median Return-on-Tangible-Equity is 7.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Generalfinance SpA's current Return-on-Tangible-Equity is 21.10%, which is 18% below median its own 10-year median of 25.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Generalfinance SpA stock overvalued right now?
Based on GuruFocus' analysis, Generalfinance SpA (MIL:GF) is currently considered Significantly Overvalued. The stock's GF Value™ is €16.11, compared to a current price of €29.80 — trading 85% above its estimated fair value. The current Return-on-Tangible-Equity is 21.10%, which is 18% below median its 10-year median of 25.86 and 201% above the Credit Services industry median of 7.01. Generalfinance SpA's overall GF Score™ is 76/100 with 9 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 Generalfinance SpA (MIL:GF), the current Return-on-Tangible-Equity is 21.10% 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 Generalfinance SpA (MIL:GF) Overvalued in 2026?
Based on GuruFocus' analysis, Generalfinance SpA stock appears to be overvalued.
The current stock price of €29.80 is trading 85% above its estimated GF Value™ of €16.11.
GuruFocus considers Generalfinance SpA to be Significantly Overvalued.
Key valuation signals for MIL:GF:
Return-on-Tangible-Equity: 21.10% (18% below median its 10-year median of 25.86)
GF Value™: €16.11 vs. price of €29.80 (85% above fair value)
Industry Position: 201% above the Credit Services median (#43 of 525)
No single metric tells the full story. See the MIL:GF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Generalfinance SpA operates is engaged in providing factoring services to small and medium-sized companies in financial difficulty. The group offers customized financing solutions to meet the needs of companies operating in the manufacturing, wholesale business, transportation, and construction.
76GF Score
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