Gas Plus SpAMIL:GSP +1.41%67 Return-on-Tangible-Equity is Negative Tangible Equity% as of Dec. 2025. GuruFocus rates MIL:GSP with a GF Score™ of 67/100 and a GF Value™ of €3.24 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 944 Oil & Gas companies, Gas Plus SpA ranks better than 99.89% 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. Gas Plus SpA's annualized net income for the quarter that ended in Dec. 2025 was €19.2 Mil. Gas Plus SpA's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €-4.0 Mil. Therefore, Gas Plus SpA's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was Negative Tangible Equity%.
The historical rank and industry rank for Gas Plus SpA's Return-on-Tangible-Equity or its related term are showing as below:
MIL:GSP'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0
Current: Negative Tangible Equity
MIL:GSP's Return-on-Tangible-Equity is ranked better than 99.89% of 944
companies
in the Oil & Gas industry
Industry Median: 6.73
vs MIL:GSP: Negative Tangible Equity
Gas Plus SpA (MIL:GSP) 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.
Gas Plus SpA Return-on-Tangible-Equity Related Terms
Gas Plus SpA Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Gas Plus 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:GSP vs COP, EOG, FANG: Return-on-Tangible-Equity Comparison
For the Oil & Gas E&P subindustry, Gas Plus 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.
Gas Plus SpA Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Gas Plus SpA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Gas Plus 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 Negative Tangible Equity% mean?
Gas Plus SpA (MIL:GSP) has a Return-on-Tangible-Equity of Negative Tangible Equity% 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 Gas Plus SpA and its competitors. According to the industry distribution chart, Gas Plus SpA ranks #1 out of 944 companies in the Oil & Gas industry, placing it in the top 0.099999999999994%.
Is Gas Plus SpA's Return-on-Tangible-Equity too high?
Gas Plus SpA's current Return-on-Tangible-Equity is Negative Tangible Equity%. Based on the distribution chart, Gas Plus SpA ranks #1 out of 944 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Gas Plus SpA has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gas Plus SpA's Return-on-Tangible-Equity compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Gas Plus SpA ranks #1 out of 944 companies for Return-on-Tangible-Equity. This places Gas Plus SpA in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.73. 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 Oil & Gas company?
The median Return-on-Tangible-Equity among Oil & Gas companies is 6.73, based on 944 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 Gas Plus SpA and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gas Plus SpA's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gas Plus SpA stock overvalued right now?
Based on GuruFocus' analysis, Gas Plus SpA (MIL:GSP) is currently considered Significantly Overvalued. The stock's GF Value™ is €3.24, compared to a current price of €5.84 — trading 80.2% above its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Gas Plus SpA's overall GF Score™ is 67/100 with 2 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 Gas Plus SpA (MIL:GSP), the current Return-on-Tangible-Equity is Negative Tangible Equity% 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 Gas Plus SpA (MIL:GSP) Overvalued in 2026?
Based on GuruFocus' analysis, Gas Plus SpA stock appears to be overvalued.
The current stock price of €5.84 is trading 80.2% above its estimated GF Value™ of €3.24.
GuruFocus considers Gas Plus SpA to be Significantly Overvalued.
No single metric tells the full story. See the MIL:GSP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gas Plus SpA through its subsidiaries is engaged in the exploration and production of natural gas in Italy. The company is also involved in the production, purchase, distribution, and sale of natural gas. The company holds approximately 47 cultivation concessions distributed throughout Italy and manages a total of about 1,600 kilometers of regional distribution and transportation network located around 39 municipalities.
67GF Score
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