GM Leather SpAMIL:GML +4.41%64 Return-on-Tangible-Equity is -4.13% as of Dec. 2025. GuruFocus rates MIL:GML with a GF Score™ of 64/100 and a GF Value™ of €1.20 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 1,016 Manufacturing - Apparel & Accessories companies, GM Leather SpA ranks worse than 71.16% 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. GM Leather SpA's annualized net income for the quarter that ended in Dec. 2025 was €-0.32 Mil. GM Leather SpA's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €7.75 Mil. Therefore, GM Leather SpA's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -4.13%.
The historical rank and industry rank for GM Leather SpA's Return-on-Tangible-Equity or its related term are showing as below:
MIL:GML'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.23 Med: 29.16 Max: 53.42
Current: 0.23
During the past 6 years, GM Leather SpA's highest Return-on-Tangible-Equity was 53.42%. The lowest was 0.23%. And the median was 29.16%.
MIL:GML's Return-on-Tangible-Equity is ranked worse than 71.16% of 1016
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.47
vs MIL:GML: 0.23
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.
GM Leather SpA Return-on-Tangible-Equity Related Terms
GM Leather SpA Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for GM Leather 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:GML vs AIN: Return-on-Tangible-Equity Comparison
For the Textile Manufacturing subindustry, GM Leather 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.
GM Leather SpA Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, GM Leather SpA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where GM Leather 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 -4.13% mean?
GM Leather SpA (MIL:GML) has a Return-on-Tangible-Equity of -4.13% 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 GM Leather SpA and its competitors. Over the past decade, GM Leather SpA's Return-on-Tangible-Equity has ranged from 0.23 to 53.42. According to the industry distribution chart, GM Leather SpA ranks #723 out of 1016 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 71.2%.
Is GM Leather SpA's Return-on-Tangible-Equity too high?
GM Leather SpA's current Return-on-Tangible-Equity is -4.13%. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 53.42. Based on the distribution chart, GM Leather SpA ranks #723 out of 1016 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, GM Leather SpA has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does GM Leather SpA's Return-on-Tangible-Equity compare to AIN?
According to the Manufacturing - Apparel & Accessories industry distribution chart, GM Leather SpA ranks #723 out of 1016 companies for Return-on-Tangible-Equity. This places GM Leather SpA in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.47. Historically, GM Leather SpA's own Return-on-Tangible-Equity has ranged from 0.23 to 53.42 over the past decade. 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Equity among Manufacturing - Apparel & Accessories companies is 4.47, based on 1,016 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 GM Leather SpA and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Equity is 4.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GM Leather SpA's current Return-on-Tangible-Equity is -4.13%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GM Leather SpA stock overvalued right now?
Based on GuruFocus' analysis, GM Leather SpA (MIL:GML) is currently considered Possible Value Trap. The stock's GF Value™ is €1.20, compared to a current price of €0.71 — trading 40.8% below its estimated fair value. The current Return-on-Tangible-Equity is -4.13%. GM Leather SpA's overall GF Score™ is 64/100 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 GM Leather SpA (MIL:GML), the current Return-on-Tangible-Equity is -4.13% 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 GM Leather SpA (MIL:GML) Overvalued in 2026?
Based on GuruFocus' analysis, GM Leather SpA stock appears to be undervalued.
The current stock price of €0.71 is trading 40.8% below its estimated GF Value™ of €1.20.
GuruFocus considers GM Leather SpA to be Possible Value Trap.
Key valuation signals for MIL:GML:
Return-on-Tangible-Equity: -4.13%
GF Value™: €1.20 vs. price of €0.71 (40.8% below fair value)
No single metric tells the full story. See the MIL:GML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GM Leather SpA engages in the treatment, processing, and marketing of bovine leather. Its products are predominantly intended for the furniture, leather goods, and footwear industries. Geographically, the company derives its maximum revenue from non-EU countries followed by Italy and EU countries.
64GF Score
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