Infrastrutture Wireless Italiane SpA (MIL:INW) Return-on-Tangible-Equity: Negative Tangible Equity% (As of Mar. 2026)


MIL:INW Infrastrutture Wireless Italiane SpA MIL:INW
69 GF Score
Price €6.58
GF Value €11.11
Valuation Possible Value Trap
! 6 Warning Signs
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What is Infrastrutture Wireless Italiane SpA Return-on-Tangible-Equity?

Infrastrutture Wireless Italiane SpA MIL:INW +0.46% 69 Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 2026. GuruFocus rates MIL:INW with a GF Score™ of 69/100 and a GF Value™ of €11.11 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,714 Real Estate companies, Infrastrutture Wireless Italiane SpA ranks better than 99.94% 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. Infrastrutture Wireless Italiane SpA's annualized net income for the quarter that ended in Mar. 2026 was €325 Mil. Infrastrutture Wireless Italiane SpA's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €-2,965 Mil. Therefore, Infrastrutture Wireless Italiane SpA's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was Negative Tangible Equity%.

The historical rank and industry rank for Infrastrutture Wireless Italiane SpA's Return-on-Tangible-Equity or its related term are showing as below:

MIL:INW' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 156.13   Med: 177.04   Max: 208.83
Current: Negative Tangible Equity

During the past 11 years, Infrastrutture Wireless Italiane SpA's highest Return-on-Tangible-Equity was 208.83%. The lowest was 156.13%. And the median was 177.04%.

MIL:INW's Return-on-Tangible-Equity is ranked better than
99.94% of 1714 companies
in the Real Estate industry
Industry Median: 4.27 vs MIL:INW: Negative Tangible Equity

Infrastrutture Wireless Italiane SpA  (MIL:INW) 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.


Infrastrutture Wireless Italiane SpA Return-on-Tangible-Equity Related Terms


Infrastrutture Wireless Italiane SpA Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Infrastrutture Wireless Italiane 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.

Infrastrutture Wireless Italiane SpA Return-on-Tangible-Equity Chart

Infrastrutture Wireless Italiane SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity

Infrastrutture Wireless Italiane SpA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity

MIL:INW vs CBRE, BEKE, JLL: Return-on-Tangible-Equity Comparison

For the Real Estate Services subindustry, Infrastrutture Wireless Italiane 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.


Infrastrutture Wireless Italiane SpA Return-on-Tangible-Equity vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Infrastrutture Wireless Italiane SpA's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Infrastrutture Wireless Italiane SpA's Return-on-Tangible-Equity falls into.


MIL:INW
69GF Score
Infrastrutture Wireless Italiane SpA MIL:INW
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Infrastrutture Wireless Italiane SpA Return-on-Tangible-Equity Calculation

Infrastrutture Wireless Italiane SpA's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=361.525/( (-2472.472+-3017.163 )/ 2 )
=361.525/-2744.8175
=Negative Tangible Equity %

Infrastrutture Wireless Italiane SpA's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=324.888/( (-3017.163+-2913.564)/ 2 )
=324.888/-2965.3635
=Negative Tangible Equity %

* 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 Negative Tangible Equity% mean?
Infrastrutture Wireless Italiane SpA (MIL:INW) has a Return-on-Tangible-Equity of Negative Tangible Equity% 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 Infrastrutture Wireless Italiane SpA and its competitors. Over the past decade, Infrastrutture Wireless Italiane SpA's Return-on-Tangible-Equity has ranged from 156.13 to 208.83. According to the industry distribution chart, Infrastrutture Wireless Italiane SpA ranks #1 out of 1714 companies in the Real Estate industry, placing it in the top 0.099999999999994%.
Is Infrastrutture Wireless Italiane SpA's Return-on-Tangible-Equity too high?
Infrastrutture Wireless Italiane SpA's current Return-on-Tangible-Equity is Negative Tangible Equity%. Over the past 10 years, this metric has ranged from a low of 156.13 to a high of 208.83. Based on the distribution chart, Infrastrutture Wireless Italiane SpA ranks #1 out of 1714 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Infrastrutture Wireless Italiane SpA has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Infrastrutture Wireless Italiane SpA's Return-on-Tangible-Equity compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Infrastrutture Wireless Italiane SpA ranks #1 out of 1714 companies for Return-on-Tangible-Equity. This places Infrastrutture Wireless Italiane SpA in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.27. Historically, Infrastrutture Wireless Italiane SpA's own Return-on-Tangible-Equity has ranged from 156.13 to 208.83 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 Real Estate company?
The median Return-on-Tangible-Equity among Real Estate companies is 4.27, based on 1,714 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 Infrastrutture Wireless Italiane SpA and its competitors. For the Real Estate industry, the median Return-on-Tangible-Equity is 4.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Infrastrutture Wireless Italiane 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 Infrastrutture Wireless Italiane SpA stock overvalued right now?
Based on GuruFocus' analysis, Infrastrutture Wireless Italiane SpA (MIL:INW) is currently considered Possible Value Trap. The stock's GF Value™ is €11.11, compared to a current price of €6.58 — trading 40.8% below its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Infrastrutture Wireless Italiane SpA's overall GF Score™ is 69/100 with 6 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 Infrastrutture Wireless Italiane SpA (MIL:INW), the current Return-on-Tangible-Equity is Negative Tangible Equity% 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 Infrastrutture Wireless Italiane SpA (MIL:INW) Overvalued in 2026?

Based on GuruFocus' analysis, Infrastrutture Wireless Italiane SpA stock appears to be undervalued. The current stock price of €6.58 is trading 40.8% below its estimated GF Value™ of €11.11. GuruFocus considers Infrastrutture Wireless Italiane SpA to be Possible Value Trap.

Key valuation signals for MIL:INW:

  • Return-on-Tangible-Equity: Negative Tangible Equity%
  • GF Value™: €11.11 vs. price of €6.58 (40.8% below fair value)
  • GF Score™: 69/100 with 6 warning signs

No single metric tells the full story. See the MIL:INW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Infrastrutture Wireless Italiane SpA Business Description

Address Piazza Trento, 10, Rome, ITA, 00198
Inwit is an Italian wireless tower company born from the spinoff of Telecom Italia's tower assets in 2015. In 2020, Inwit merged its tower assets with those of Vodafone Italia, creating a tower leader in the Italian market with a high-quality portfolio derived from the networks created by Telecom Italia and Vodafone over the past two decades. Inwit owns 25,000 towers, having the highest tenancy ratio and EBITDA margin among the European tower firms. Cellnex is Inwit's main competitor in Italy, owning a similar number of towers.
69GF Score

Get the complete analysis for MIL:INW

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€6.58
Price
€11.11
GF Value