Lottomatica Group SpA (MIL:LTMC) Return-on-Tangible-Equity: Negative Tangible Equity% (As of Mar. 2026)


MIL:LTMC Lottomatica Group SpA MIL:LTMC
82 GF Score
Price €25.49
GF Value €17.76
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Lottomatica Group SpA Return-on-Tangible-Equity?

Lottomatica Group SpA MIL:LTMC +3.96% 82 Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 2026. GuruFocus rates MIL:LTMC with a GF Score™ of 82/100 and a GF Value™ of €17.76 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 796 Travel & Leisure companies, Lottomatica Group 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. Lottomatica Group SpA's annualized net income for the quarter that ended in Mar. 2026 was €266 Mil. Lottomatica Group SpA's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €-2,488 Mil. Therefore, Lottomatica Group 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 Lottomatica Group SpA's Return-on-Tangible-Equity or its related term are showing as below:

MIL:LTMC' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0   Med: 0   Max: 0
Current: Negative Tangible Equity

MIL:LTMC's Return-on-Tangible-Equity is ranked better than
99.87% of 796 companies
in the Travel & Leisure industry
Industry Median: 7.515 vs MIL:LTMC: Negative Tangible Equity

Lottomatica Group SpA  (MIL:LTMC) 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.


Lottomatica Group SpA Return-on-Tangible-Equity Related Terms


Lottomatica Group SpA Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Lottomatica Group 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.

Lottomatica Group SpA Return-on-Tangible-Equity Chart

Lottomatica Group SpA Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial 0.00 Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity

Lottomatica Group SpA Quarterly Data
Dec20 Dec21 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 Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity

MIL:LTMC vs FLUT, DKNG, SGHC: Return-on-Tangible-Equity Comparison

For the Gambling subindustry, Lottomatica Group 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.


Lottomatica Group SpA Return-on-Tangible-Equity vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Lottomatica Group SpA's Return-on-Tangible-Equity distribution charts can be found below:

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


MIL:LTMC
82GF Score
Lottomatica Group SpA MIL:LTMC
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lottomatica Group SpA Return-on-Tangible-Equity Calculation

Lottomatica Group 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 )
=174.295/( (-2228.547+-2501.233 )/ 2 )
=174.295/-2364.89
=Negative Tangible Equity %

Lottomatica Group 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 )
=265.828/( (-2501.233+-2474.529)/ 2 )
=265.828/-2487.881
=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?
Lottomatica Group SpA (MIL:LTMC) 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 Lottomatica Group SpA and its competitors. According to the industry distribution chart, Lottomatica Group SpA ranks #1 out of 796 companies in the Travel & Leisure industry, placing it in the top 0.099999999999994%.
Is Lottomatica Group SpA's Return-on-Tangible-Equity too high?
Lottomatica Group SpA's current Return-on-Tangible-Equity is Negative Tangible Equity%. Based on the distribution chart, Lottomatica Group SpA ranks #1 out of 796 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Lottomatica Group SpA has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lottomatica Group SpA's Return-on-Tangible-Equity compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, Lottomatica Group SpA ranks #1 out of 796 companies for Return-on-Tangible-Equity. This places Lottomatica Group SpA in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.52. 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 7.52, based on 796 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 Lottomatica Group SpA and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Equity is 7.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lottomatica Group 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 Lottomatica Group SpA stock overvalued right now?
Based on GuruFocus' analysis, Lottomatica Group SpA (MIL:LTMC) is currently considered Significantly Overvalued. The stock's GF Value™ is €17.76, compared to a current price of €25.49 — trading 43.5% above its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Lottomatica Group SpA's overall GF Score™ is 82/100 with 8 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 Lottomatica Group SpA (MIL:LTMC), 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 Lottomatica Group SpA (MIL:LTMC) Overvalued in 2026?

Based on GuruFocus' analysis, Lottomatica Group SpA stock appears to be overvalued. The current stock price of €25.49 is trading 43.5% above its estimated GF Value™ of €17.76. GuruFocus considers Lottomatica Group SpA to be Significantly Overvalued.

Key valuation signals for MIL:LTMC:

  • Return-on-Tangible-Equity: Negative Tangible Equity%
  • GF Value™: €17.76 vs. price of €25.49 (43.5% above fair value)
  • GF Score™: 82/100 with 8 warning signs

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


Lottomatica Group SpA Business Description

Address Via degli Aldobrandeschi, 300, Rome, ITA, 00163
Lottomatica Group SpA is an operator on the gaming market authorized by the Customs and Monopolies Agency. The group operates in various sectors namely Online (sports betting and online games); Betting (sports bets and games on a physical network); Gaming (AWP and VLT entertainment machines, direct management of gaming halls and proprietary AWPs) and d VLT (video lottery terminals) entertainment device networks and management of owned gaming halls and AWPs (Gaming Franchise).
82GF Score

Get the complete analysis for MIL:LTMC

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

€25.49
Price
€17.76
GF Value