Industrie Chimiche Forestali SpAMIL:ICF -1.61%66 Return-on-Tangible-Equity is 9.99% as of Dec. 2025, which is 5% below its 10-year median of 10.49. GuruFocus rates MIL:ICF with a GF Score™ of 66/100 and a GF Value™ of €5.17 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,571 Chemicals companies, Industrie Chimiche Forestali SpA ranks better than 68.17% on this metric.
The historical rank and industry rank for Industrie Chimiche Forestali SpA's Return-on-Tangible-Equity or its related term are showing as below:
MIL:ICF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.68 Med: 10.49 Max: 23.74
Current: 9.88
During the past 9 years, Industrie Chimiche Forestali SpA's highest Return-on-Tangible-Equity was 23.74%. The lowest was 7.68%. And the median was 10.49%.
MIL:ICF's Return-on-Tangible-Equity is ranked better than 68.17% of 1571
companies
in the Chemicals industry
Industry Median: 5.7
vs MIL:ICF: 9.88
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.
Industrie Chimiche Forestali SpA Return-on-Tangible-Equity Related Terms
Industrie Chimiche Forestali SpA Return-on-Tangible-Equity Historical Data
* 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:ICF vs LIN, SHW, ECL: Return-on-Tangible-Equity Comparison
For the Specialty Chemicals subindustry, Industrie Chimiche Forestali 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.
Industrie Chimiche Forestali SpA Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Industrie Chimiche Forestali SpA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Industrie Chimiche Forestali 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 9.99% mean?
Industrie Chimiche Forestali SpA (MIL:ICF) has a Return-on-Tangible-Equity of 9.99% 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 Industrie Chimiche Forestali SpA and its competitors. This is near median its historical median of 10.49. Over the past decade, Industrie Chimiche Forestali SpA's Return-on-Tangible-Equity has ranged from 7.68 to 23.74. According to the industry distribution chart, Industrie Chimiche Forestali SpA ranks #500 out of 1571 companies in the Chemicals industry, placing it in the top 31.8%.
Is Industrie Chimiche Forestali SpA's Return-on-Tangible-Equity too high?
Industrie Chimiche Forestali SpA's current Return-on-Tangible-Equity of 9.99% is near median its 10-year median of 10.49. Over the past 10 years, this metric has ranged from a low of 7.68 to a high of 23.74. The Chemicals industry median Return-on-Tangible-Equity is 5.70. Industrie Chimiche Forestali SpA's value of 9.99% is 75.3% above this industry median. Based on the distribution chart, Industrie Chimiche Forestali SpA ranks #500 out of 1571 companies in the Chemicals industry, which is above the industry midpoint. Overall, Industrie Chimiche Forestali SpA has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Industrie Chimiche Forestali SpA's Return-on-Tangible-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, Industrie Chimiche Forestali SpA ranks #500 out of 1571 companies for Return-on-Tangible-Equity. This puts Industrie Chimiche Forestali SpA in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.70. Industrie Chimiche Forestali SpA's value of 9.99% is 75.3% above this benchmark. Historically, Industrie Chimiche Forestali SpA's own Return-on-Tangible-Equity has ranged from 7.68 to 23.74 over the past decade. While the company's 10-year median is 10.49 vs. the industry median of 5.70, Industrie Chimiche Forestali 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 Chemicals company?
The median Return-on-Tangible-Equity among Chemicals companies is 5.70, based on 1,571 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. Industrie Chimiche Forestali SpA's current Return-on-Tangible-Equity of 9.99% is 75.3% 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 Industrie Chimiche Forestali SpA and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 5.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Industrie Chimiche Forestali SpA's current Return-on-Tangible-Equity is 9.99%, which is near median its own 10-year median of 10.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industrie Chimiche Forestali SpA stock overvalued right now?
Based on GuruFocus' analysis, Industrie Chimiche Forestali SpA (MIL:ICF) is currently considered Modestly Overvalued. The stock's GF Value™ is €5.17, compared to a current price of €6.10 — trading 18% above its estimated fair value. The current Return-on-Tangible-Equity is 9.99%, which is near median its 10-year median of 10.49 and 75.3% above the Chemicals industry median of 5.70. Industrie Chimiche Forestali SpA's overall GF Score™ is 66/100 with 4 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 Industrie Chimiche Forestali SpA (MIL:ICF), the current Return-on-Tangible-Equity is 9.99% 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 Industrie Chimiche Forestali SpA (MIL:ICF) Overvalued in 2026?
Based on GuruFocus' analysis, Industrie Chimiche Forestali SpA stock appears to be overvalued.
The current stock price of €6.10 is trading 18% above its estimated GF Value™ of €5.17.
GuruFocus considers Industrie Chimiche Forestali SpA to be Modestly Overvalued.
Key valuation signals for MIL:ICF:
Return-on-Tangible-Equity: 9.99% (near median its 10-year median of 10.49)
GF Value™: €5.17 vs. price of €6.10 (18% above fair value)
Industry Position: 75.3% above the Chemicals median (#500 of 1571)
No single metric tells the full story. See the MIL:ICF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Industrie Chimiche Forestali SpA Business Description
Industrie Chimiche Forestali SpA is engaged in the design, production and marketing of high-tech adhesives and fabrics mainly for the following markets: footwear & leather goods, automotive and packaging.
66GF Score
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