Industrie De Nora SpASTU:M3D -3.13%85 Return-on-Tangible-Equity is 8.34% as of Mar. 2026, which is 57% below its 10-year median of 19.32. GuruFocus rates STU:M3D with a GF Score™ of 85/100 and a GF Value™ of €9.15 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,969 Industrial Products companies, Industrie De Nora SpA ranks better than 63.46% 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. Industrie De Nora SpA's annualized net income for the quarter that ended in Mar. 2026 was €72.6 Mil. Industrie De Nora SpA's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €871.2 Mil. Therefore, Industrie De Nora SpA's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 8.34%.
The historical rank and industry rank for Industrie De Nora SpA's Return-on-Tangible-Equity or its related term are showing as below:
STU:M3D'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 9.76 Med: 19.32 Max: 32.9
Current: 9.98
During the past 7 years, Industrie De Nora SpA's highest Return-on-Tangible-Equity was 32.90%. The lowest was 9.76%. And the median was 19.32%.
STU:M3D's Return-on-Tangible-Equity is ranked better than 63.46% of 2969
companies
in the Industrial Products industry
Industry Median: 6.72
vs STU:M3D: 9.98
Industrie De Nora SpA (STU:M3D) 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.
Industrie De Nora SpA Return-on-Tangible-Equity Related Terms
Industrie De Nora SpA Return-on-Tangible-Equity Historical Data
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The historical data trend for Industrie De Nora 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.
Industrie De Nora SpA Return-on-Tangible-Equity Chart
STU:M3D vs VRT, BE, HUBB: Return-on-Tangible-Equity Comparison
For the Electrical Equipment & Parts subindustry, Industrie De Nora 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.
Industrie De Nora SpA Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Industrie De Nora SpA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Industrie De Nora 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 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 8.34% mean?
Industrie De Nora SpA (STU:M3D) has a Return-on-Tangible-Equity of 8.34% 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 Industrie De Nora SpA and its competitors. This is 57% below median its historical median of 19.32. Over the past decade, Industrie De Nora SpA's Return-on-Tangible-Equity has ranged from 9.76 to 32.90. According to the industry distribution chart, Industrie De Nora SpA ranks #1085 out of 2969 companies in the Industrial Products industry, placing it in the top 36.5%.
Is Industrie De Nora SpA's Return-on-Tangible-Equity too high?
Industrie De Nora SpA's current Return-on-Tangible-Equity of 8.34% is 57% below median its 10-year median of 19.32. Over the past 10 years, this metric has ranged from a low of 9.76 to a high of 32.90. The Industrial Products industry median Return-on-Tangible-Equity is 6.72. Industrie De Nora SpA's value of 8.34% is 24.1% above this industry median. Based on the distribution chart, Industrie De Nora SpA ranks #1085 out of 2969 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Industrie De Nora SpA has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Industrie De Nora SpA's Return-on-Tangible-Equity compare to VRT and BE?
According to the Industrial Products industry distribution chart, Industrie De Nora SpA ranks #1085 out of 2969 companies for Return-on-Tangible-Equity. This puts Industrie De Nora SpA in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.72. Industrie De Nora SpA's value of 8.34% is 24.1% above this benchmark. Historically, Industrie De Nora SpA's own Return-on-Tangible-Equity has ranged from 9.76 to 32.90 over the past decade. While the company's 10-year median is 19.32 vs. the industry median of 6.72, Industrie De Nora 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 an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.72, based on 2,969 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. Industrie De Nora SpA's current Return-on-Tangible-Equity of 8.34% is 24.1% 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 Industrie De Nora SpA and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Industrie De Nora SpA's current Return-on-Tangible-Equity is 8.34%, which is 57% below median its own 10-year median of 19.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industrie De Nora SpA stock overvalued right now?
Based on GuruFocus' analysis, Industrie De Nora SpA (STU:M3D) is currently considered Modestly Undervalued. The stock's GF Value™ is €9.15, compared to a current price of €6.66 — trading 27.2% below its estimated fair value. The current Return-on-Tangible-Equity is 8.34%, which is 57% below median its 10-year median of 19.32 and 24.1% above the Industrial Products industry median of 6.72. Industrie De Nora SpA's overall GF Score™ is 85/100 with 3 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 Industrie De Nora SpA (STU:M3D), the current Return-on-Tangible-Equity is 8.34% 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 Industrie De Nora SpA (STU:M3D) Overvalued in 2026?
Based on GuruFocus' analysis, Industrie De Nora SpA stock appears to be undervalued.
The current stock price of €6.66 is trading 27.2% below its estimated GF Value™ of €9.15.
GuruFocus considers Industrie De Nora SpA to be Modestly Undervalued.
Key valuation signals for STU:M3D:
Return-on-Tangible-Equity: 8.34% (57% below median its 10-year median of 19.32)
GF Value™: €9.15 vs. price of €6.66 (27.2% below fair value)
Industry Position: 24.1% above the Industrial Products median (#1085 of 2969)
No single metric tells the full story. See the STU:M3D stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Industrie De Nora SpA manufactures and distributes chemicals. The company is organized into three segments: the Electrode Technologies business, Energy Transition and the Water Technologies business. Electrode Technologies segment earns the majority of companies revenues. The company's products include Analyzers & Detectors, Anodes for Chlorine Evolution, Anodes for oxygen evolution, Cathodes for Hydrogen Evolution, Disinfection systems, Electrochlorination systems, Filtration Solutions, Membrane Technologies, Contaminant removal systems.
85GF Score
Get the complete analysis for STU:M3D
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