Seco SpA (MIL:IOT) Return-on-Tangible-Equity: -1.58% (As of Mar. 2026)


MIL:IOT Seco SpA MIL:IOT
80 GF Score
Price €3.06
GF Value €3.08
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Seco SpA Return-on-Tangible-Equity?

Seco SpA MIL:IOT -2.71% 80 Return-on-Tangible-Equity is -1.58% as of Mar. 2026. GuruFocus rates MIL:IOT with a GF Score™ of 80/100 and a GF Value™ of €3.08 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,377 Hardware companies, Seco SpA ranks worse than 77.11% 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. Seco SpA's annualized net income for the quarter that ended in Mar. 2026 was €-0.2 Mil. Seco SpA's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €14.5 Mil. Therefore, Seco SpA's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -1.58%.

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

MIL:IOT' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -124.49   Med: 15.49   Max: 18.21
Current: -4.9

During the past 8 years, Seco SpA's highest Return-on-Tangible-Equity was 18.21%. The lowest was -124.49%. And the median was 15.49%.

MIL:IOT's Return-on-Tangible-Equity is ranked worse than
77.11% of 2377 companies
in the Hardware industry
Industry Median: 5.27 vs MIL:IOT: -4.90

Seco SpA  (MIL:IOT) 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.


Seco SpA Return-on-Tangible-Equity Related Terms


Seco SpA Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Seco 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.

Seco SpA Return-on-Tangible-Equity Chart

Seco SpA Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity -124.49 -20.16

Seco 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 -63.12 67.29 38.27 -115.40 -1.58

MIL:IOT vs SNDK, DELL, STX: Return-on-Tangible-Equity Comparison

For the Computer Hardware subindustry, Seco 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.


Seco SpA Return-on-Tangible-Equity vs Hardware Industry

For the Hardware industry and Technology sector, Seco SpA's Return-on-Tangible-Equity distribution charts can be found below:

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


MIL:IOT
80GF Score
Seco SpA MIL:IOT
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Seco SpA Return-on-Tangible-Equity Calculation

Seco 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 )
=-2.694/( (12.406+14.317 )/ 2 )
=-2.694/13.3615
=-20.16 %

Seco 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 )
=-0.228/( (14.317+14.628)/ 2 )
=-0.228/14.4725
=-1.58 %

* 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 -1.58% mean?
Seco SpA (MIL:IOT) has a Return-on-Tangible-Equity of -1.58% 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 Seco SpA and its competitors. According to the industry distribution chart, Seco SpA ranks #1833 out of 2377 companies in the Hardware industry, placing it in the top 77.1%.
Is Seco SpA's Return-on-Tangible-Equity too high?
Seco SpA's current Return-on-Tangible-Equity is -1.58%. Based on the distribution chart, Seco SpA ranks #1833 out of 2377 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Seco SpA has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Seco SpA's Return-on-Tangible-Equity compare to SNDK and DELL?
According to the Hardware industry distribution chart, Seco SpA ranks #1833 out of 2377 companies for Return-on-Tangible-Equity. This places Seco SpA in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.27. 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.27, based on 2,377 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 Seco SpA and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Seco SpA's current Return-on-Tangible-Equity is -1.58%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Seco SpA stock overvalued right now?
Based on GuruFocus' analysis, Seco SpA (MIL:IOT) is currently considered Fairly Valued. The stock's GF Value™ is €3.08, compared to a current price of €3.06 — trading 0.8% below its estimated fair value. The current Return-on-Tangible-Equity is -1.58%. Seco SpA's overall GF Score™ is 80/100 with 5 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 Seco SpA (MIL:IOT), the current Return-on-Tangible-Equity is -1.58% 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 Seco SpA (MIL:IOT) Overvalued in 2026?

Based on GuruFocus' analysis, Seco SpA stock appears to be undervalued. The current stock price of €3.06 is trading 0.8% below its estimated GF Value™ of €3.08. GuruFocus considers Seco SpA to be Fairly Valued.

Key valuation signals for MIL:IOT:

  • Return-on-Tangible-Equity: -1.58%
  • GF Value™: €3.08 vs. price of €3.06 (0.8% below fair value)
  • GF Score™: 80/100 with 5 warning signs

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


Seco SpA Business Description

Other Exchanges 7GV:Germany
Address Via Achille Grandi 20, Arezzo, ITA, 52100
Seco SpA is engaged in designing and developing embedded computing solutions and technologies for the digitization of industrial products, focusing on Edge Computing, Internet of Things (IoT), and Artificial Intelligence (AI). The group mainly serves industrial OEMs and system integrators through a business-to-business model, offering both hardware solutions-such as modules, single board computers, and HMI systems-and its proprietary Clea IoT-AI software platform for connectivity, device management, and AI deployment. The company operates through two segments: Seco and Seco NE.
80GF Score

Get the complete analysis for MIL:IOT

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

€3.06
Price
€3.08
GF Value