Racing Force SpAMIL:RFG +0.61%83 Return-on-Tangible-Equity is 5.26% as of Dec. 2025, which is 69% below its 10-year median of 16.84. GuruFocus rates MIL:RFG with a GF Score™ of 83/100 and a GF Value™ of €5.43 (Fairly Valued). The stock has 4 warning signs investors should review. Among 796 Travel & Leisure companies, Racing Force SpA ranks better than 61.43% 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. Racing Force SpA's annualized net income for the quarter that ended in Dec. 2025 was €2.37 Mil. Racing Force SpA's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €44.99 Mil. Therefore, Racing Force SpA's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 5.26%.
The historical rank and industry rank for Racing Force SpA's Return-on-Tangible-Equity or its related term are showing as below:
MIL:RFG'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 11.97 Med: 16.84 Max: 59.3
Current: 12.07
During the past 6 years, Racing Force SpA's highest Return-on-Tangible-Equity was 59.30%. The lowest was 11.97%. And the median was 16.84%.
MIL:RFG's Return-on-Tangible-Equity is ranked better than 61.43% of 796
companies
in the Travel & Leisure industry
Industry Median: 7.515
vs MIL:RFG: 12.07
Racing Force SpA (MIL:RFG) 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.
Racing Force SpA Return-on-Tangible-Equity Related Terms
Racing Force SpA Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Racing Force 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.
MIL:RFG vs AS, HAS, LTH: Return-on-Tangible-Equity Comparison
For the Leisure subindustry, Racing Force 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.
Racing Force SpA Return-on-Tangible-Equity vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Racing Force SpA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Racing Force 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 5.26% mean?
Racing Force SpA (MIL:RFG) has a Return-on-Tangible-Equity of 5.26% 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 Racing Force SpA and its competitors. This is 69% below median its historical median of 16.84. Over the past decade, Racing Force SpA's Return-on-Tangible-Equity has ranged from 11.97 to 59.30. According to the industry distribution chart, Racing Force SpA ranks #307 out of 796 companies in the Travel & Leisure industry, placing it in the top 38.6%.
Is Racing Force SpA's Return-on-Tangible-Equity too high?
Racing Force SpA's current Return-on-Tangible-Equity of 5.26% is 69% below median its 10-year median of 16.84. Over the past 10 years, this metric has ranged from a low of 11.97 to a high of 59.30. The Travel & Leisure industry median Return-on-Tangible-Equity is 7.52. Racing Force SpA's value of 5.26% is 30% below this industry median. Based on the distribution chart, Racing Force SpA ranks #307 out of 796 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Racing Force SpA has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Racing Force SpA's Return-on-Tangible-Equity compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Racing Force SpA ranks #307 out of 796 companies for Return-on-Tangible-Equity. This puts Racing Force SpA in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.52. Racing Force SpA's value of 5.26% is 30% below this benchmark. Historically, Racing Force SpA's own Return-on-Tangible-Equity has ranged from 11.97 to 59.30 over the past decade. While the company's 10-year median is 16.84 vs. the industry median of 7.52, Racing Force SpA has consistently been below 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 7.52, 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. Racing Force SpA's current Return-on-Tangible-Equity of 5.26% is 30% below 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 Racing Force 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. Racing Force SpA's current Return-on-Tangible-Equity is 5.26%, which is 69% below median its own 10-year median of 16.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Racing Force SpA stock overvalued right now?
Based on GuruFocus' analysis, Racing Force SpA (MIL:RFG) is currently considered Fairly Valued. The stock's GF Value™ is €5.43, compared to a current price of €4.95 — trading 8.8% below its estimated fair value. The current Return-on-Tangible-Equity is 5.26%, which is 69% below median its 10-year median of 16.84 and 30% below the Travel & Leisure industry median of 7.52. Racing Force SpA's overall GF Score™ is 83/100 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 Racing Force SpA (MIL:RFG), the current Return-on-Tangible-Equity is 5.26% 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 Racing Force SpA (MIL:RFG) Overvalued in 2026?
Based on GuruFocus' analysis, Racing Force SpA stock appears to be undervalued.
The current stock price of €4.95 is trading 8.8% below its estimated GF Value™ of €5.43.
GuruFocus considers Racing Force SpA to be Fairly Valued.
Key valuation signals for MIL:RFG:
Return-on-Tangible-Equity: 5.26% (69% below median its 10-year median of 16.84)
GF Value™: €5.43 vs. price of €4.95 (8.8% below fair value)
Industry Position: 30% below the Travel & Leisure median (#307 of 796)
No single metric tells the full story. See the MIL:RFG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Racing Force SpA operates in the production of safety equipment for the racing and motorsports industry and conducts essentially complementary business activities. Its product range spans suits, gloves, shoes, seats, harnesses, helmets, rollbars, racing nets, steering wheels, fire-extinguisher systems, and intercoms, as well as other accessories strictly related to the motorsport industry. The products are sold under the OMP, Bell, Zeronoise, B2, and Racing Spirit brands. Geographically, the company generates maximum revenue from Europe, Middle East and Africa (EMEA), followed by the Americas (AMER), and Asia and Oceania (APAC).
83GF Score
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