Kaleon SPAMIL:KLN -0.24%18 Return-on-Tangible-Equity is 43.93% as of Dec. 2025, which is 62% below its 10-year median of 115.10. GuruFocus rates MIL:KLN with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 795 Travel & Leisure companies, Kaleon SPA ranks better than 99.87% 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. Kaleon SPA's annualized net income for the quarter that ended in Dec. 2025 was €0.54 Mil. Kaleon SPA's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €1.22 Mil. Therefore, Kaleon SPA's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 43.93%.
The historical rank and industry rank for Kaleon SPA's Return-on-Tangible-Equity or its related term are showing as below:
MIL:KLN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 115.1 Med: 115.1 Max: 115.1
Current: Negative Tangible Equity
During the past 3 years, Kaleon SPA's highest Return-on-Tangible-Equity was 115.10%. The lowest was 115.10%. And the median was 115.10%.
MIL:KLN's Return-on-Tangible-Equity is ranked better than 99.87% of 795
companies
in the Travel & Leisure industry
Industry Median: 7.43
vs MIL:KLN: Negative Tangible Equity
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.
Kaleon SPA Return-on-Tangible-Equity Related Terms
Kaleon SPA Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Kaleon 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.
Kaleon SPA Return-on-Tangible-Equity Chart
Kaleon SPA Annual Data
Trend
Dec23
Dec24
Dec25
Return-on-Tangible-Equity
Negative Tangible Equity
Negative Tangible Equity
115.10
Kaleon SPA Semi-Annual Data
Dec23
Jun24
Dec24
Jun25
Dec25
Return-on-Tangible-Equity
0.00
Negative Tangible Equity
Negative Tangible Equity
Negative Tangible Equity
43.93
MIL:KLN vs BKNG, ABNB, RCL: Return-on-Tangible-Equity Comparison
For the Travel Services subindustry, Kaleon 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.
Kaleon SPA Return-on-Tangible-Equity vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Kaleon SPA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Kaleon 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 43.93% mean?
Kaleon SPA (MIL:KLN) has a Return-on-Tangible-Equity of 43.93% 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 Kaleon SPA and its competitors. This is 62% below median its historical median of 115.10. Over the past decade, Kaleon SPA's Return-on-Tangible-Equity has ranged from 115.10 to 115.10. According to the industry distribution chart, Kaleon SPA ranks #1 out of 795 companies in the Travel & Leisure industry, placing it in the top 0.099999999999994%.
Is Kaleon SPA's Return-on-Tangible-Equity too high?
Kaleon SPA's current Return-on-Tangible-Equity of 43.93% is 62% below median its 10-year median of 115.10. Over the past 10 years, this metric has ranged from a low of 115.10 to a high of 115.10. The Travel & Leisure industry median Return-on-Tangible-Equity is 7.43. Kaleon SPA's value of 43.93% is 491.3% above this industry median. Based on the distribution chart, Kaleon SPA ranks #1 out of 795 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Kaleon SPA has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Kaleon SPA's Return-on-Tangible-Equity compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Kaleon SPA ranks #1 out of 795 companies for Return-on-Tangible-Equity. This places Kaleon SPA in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.43. Kaleon SPA's value of 43.93% is 491.3% above this benchmark. Historically, Kaleon SPA's own Return-on-Tangible-Equity has ranged from 115.10 to 115.10 over the past decade. While the company's 10-year median is 115.10 vs. the industry median of 7.43, Kaleon 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 Travel & Leisure company?
The median Return-on-Tangible-Equity among Travel & Leisure companies is 7.43, based on 795 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. Kaleon SPA's current Return-on-Tangible-Equity of 43.93% is 491.3% 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 Kaleon SPA and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Equity is 7.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kaleon SPA's current Return-on-Tangible-Equity is 43.93%, which is 62% below median its own 10-year median of 115.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kaleon SPA stock overvalued right now?
Kaleon SPA (MIL:KLN) has a current Return-on-Tangible-Equity of 43.93%. The current Return-on-Tangible-Equity is 43.93%, which is 62% below median its 10-year median of 115.10 and 491.3% above the Travel & Leisure industry median of 7.43. Kaleon SPA's overall GF Score™ is 18/100 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 Kaleon SPA (MIL:KLN), the current Return-on-Tangible-Equity is 43.93% 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.
Kaleon SPA is a company specialized in the operational, administrative, and marketing management of both proprietary and third-parties' prominent cultural and tourist sites. It directly oversees the activities of the Terre Borromeo, the brand which identifies the portfolio of cultural and natural sites historically linked to the Borromeo Family located in the Lake Maggiore area. These include iconic destinations such as Isola Bella, Isola Madre, Rocca di Angera, Parco Pallavicino, Parco del Mottarone and Castelli di Cannero, blending culture, nature, and art with an extensive range of services (i.e., hospitality and leisure services) to offer visitors a full and memorable experience.
18GF Score
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