ElecnorXMAD:ENO -3.01%72 Return-on-Tangible-Equity is 13.90% as of Dec. 2025, which is 15% below its 10-year median of 16.33. GuruFocus rates XMAD:ENO with a GF Score™ of 72/100 and a GF Value™ of €22.74 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,706 Construction companies, Elecnor ranks better than 60.96% 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. Elecnor's annualized net income for the quarter that ended in Dec. 2025 was €121 Mil. Elecnor's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €871 Mil. Therefore, Elecnor's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 13.90%.
The historical rank and industry rank for Elecnor's Return-on-Tangible-Equity or its related term are showing as below:
XMAD:ENO'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 11.01 Med: 16.33 Max: 70.56
Current: 11.57
During the past 13 years, Elecnor's highest Return-on-Tangible-Equity was 70.56%. The lowest was 11.01%. And the median was 16.33%.
XMAD:ENO's Return-on-Tangible-Equity is ranked better than 60.96% of 1706
companies
in the Construction industry
Industry Median: 8.235
vs XMAD:ENO: 11.57
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.
Elecnor Return-on-Tangible-Equity Related Terms
Elecnor Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Elecnor'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.
XMAD:ENO vs PWR, FIX, EME: Return-on-Tangible-Equity Comparison
For the Engineering & Construction subindustry, Elecnor'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.
Elecnor Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Elecnor's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Elecnor'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 13.90% mean?
Elecnor (XMAD:ENO) has a Return-on-Tangible-Equity of 13.90% 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 Elecnor and its competitors. This is 15% below median its historical median of 16.33. Over the past decade, Elecnor's Return-on-Tangible-Equity has ranged from 11.01 to 70.56. According to the industry distribution chart, Elecnor ranks #666 out of 1706 companies in the Construction industry, placing it in the top 39%.
Is Elecnor's Return-on-Tangible-Equity too high?
Elecnor's current Return-on-Tangible-Equity of 13.90% is 15% below median its 10-year median of 16.33. Over the past 10 years, this metric has ranged from a low of 11.01 to a high of 70.56. The Construction industry median Return-on-Tangible-Equity is 8.24. Elecnor's value of 13.90% is 68.8% above this industry median. Based on the distribution chart, Elecnor ranks #666 out of 1706 companies in the Construction industry, which is above the industry midpoint. Overall, Elecnor has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Elecnor's Return-on-Tangible-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Elecnor ranks #666 out of 1706 companies for Return-on-Tangible-Equity. This puts Elecnor in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.24. Elecnor's value of 13.90% is 68.8% above this benchmark. Historically, Elecnor's own Return-on-Tangible-Equity has ranged from 11.01 to 70.56 over the past decade. While the company's 10-year median is 16.33 vs. the industry median of 8.24, Elecnor 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 Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.24, based on 1,706 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. Elecnor's current Return-on-Tangible-Equity of 13.90% is 68.8% 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 Elecnor and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elecnor's current Return-on-Tangible-Equity is 13.90%, which is 15% below median its own 10-year median of 16.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elecnor stock overvalued right now?
Based on GuruFocus' analysis, Elecnor (XMAD:ENO) is currently considered Significantly Overvalued. The stock's GF Value™ is €22.74, compared to a current price of €38.65 — trading 70% above its estimated fair value. The current Return-on-Tangible-Equity is 13.90%, which is 15% below median its 10-year median of 16.33 and 68.8% above the Construction industry median of 8.24. Elecnor's overall GF Score™ is 72/100 with 7 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 Elecnor (XMAD:ENO), the current Return-on-Tangible-Equity is 13.90% 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 Elecnor (XMAD:ENO) Overvalued in 2026?
Based on GuruFocus' analysis, Elecnor stock appears to be overvalued.
The current stock price of €38.65 is trading 70% above its estimated GF Value™ of €22.74.
GuruFocus considers Elecnor to be Significantly Overvalued.
Key valuation signals for XMAD:ENO:
Return-on-Tangible-Equity: 13.90% (15% below median its 10-year median of 16.33)
GF Value™: €22.74 vs. price of €38.65 (70% above fair value)
Industry Position: 68.8% above the Construction median (#666 of 1706)
No single metric tells the full story. See the XMAD:ENO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elecnor SA is a Spanish engineering and construction company. The company organizes itself into two segments: Services and Projects business, and Concessions business. It generates the vast majority of revenue from the Services and Projects business segment. It generates electricity, operates power lines and substations, provides gas pipeline services, provides services for railways, develops telecommunications infrastructure, and constructs and maintains other infrastructure projects. The company derives majority of its revenue Internationally.
72GF Score
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