Innovative-RFK SpAXPAR:MLIRF 72 Return-on-Tangible-Equity is 10.62% as of Dec. 2025, which is 15071% above its 10-year median of 0.07. GuruFocus rates XPAR:MLIRF with a GF Score™ of 72/100 and a GF Value™ of €5.40 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 1,590 Asset Management companies, Innovative-RFK SpA ranks better than 61.38% 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. Innovative-RFK SpA's annualized net income for the quarter that ended in Dec. 2025 was €1.39 Mil. Innovative-RFK SpA's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €13.11 Mil. Therefore, Innovative-RFK SpA's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 10.62%.
The historical rank and industry rank for Innovative-RFK SpA's Return-on-Tangible-Equity or its related term are showing as below:
XPAR:MLIRF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -5.56 Med: 0.07 Max: 14.91
Current: 10.62
During the past 9 years, Innovative-RFK SpA's highest Return-on-Tangible-Equity was 14.91%. The lowest was -5.56%. And the median was 0.07%.
XPAR:MLIRF's Return-on-Tangible-Equity is ranked better than 61.38% of 1590
companies
in the Asset Management industry
Industry Median: 7.12
vs XPAR:MLIRF: 10.62
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.
Innovative-RFK SpA Return-on-Tangible-Equity Related Terms
Innovative-RFK SpA Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Innovative-RFK 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.
XPAR:MLIRF vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Innovative-RFK 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.
Innovative-RFK SpA Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Innovative-RFK SpA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Innovative-RFK 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 one times the 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 10.62% mean?
Innovative-RFK SpA (XPAR:MLIRF) has a Return-on-Tangible-Equity of 10.62% 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 Innovative-RFK SpA and its competitors. This is 15071% above median its historical median of 0.07. According to the industry distribution chart, Innovative-RFK SpA ranks #614 out of 1590 companies in the Asset Management industry, placing it in the top 38.6%.
Is Innovative-RFK SpA's Return-on-Tangible-Equity too high?
Innovative-RFK SpA's current Return-on-Tangible-Equity of 10.62% is 15071% above median its 10-year median of 0.07. The Asset Management industry median Return-on-Tangible-Equity is 7.12. Innovative-RFK SpA's value of 10.62% is 49.2% above this industry median. Based on the distribution chart, Innovative-RFK SpA ranks #614 out of 1590 companies in the Asset Management industry, which is above the industry midpoint. Overall, Innovative-RFK SpA has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Innovative-RFK SpA's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Innovative-RFK SpA ranks #614 out of 1590 companies for Return-on-Tangible-Equity. This puts Innovative-RFK SpA in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.12. Innovative-RFK SpA's value of 10.62% is 49.2% above this benchmark. While the company's 10-year median is 0.07 vs. the industry median of 7.12, Innovative-RFK 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 Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.12, based on 1,590 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. Innovative-RFK SpA's current Return-on-Tangible-Equity of 10.62% is 49.2% 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 Innovative-RFK SpA and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innovative-RFK SpA's current Return-on-Tangible-Equity is 10.62%, which is 15071% above median its own 10-year median of 0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innovative-RFK SpA stock overvalued right now?
Based on GuruFocus' analysis, Innovative-RFK SpA (XPAR:MLIRF) is currently considered Possible Value Trap. The stock's GF Value™ is €5.40, compared to a current price of €1.69 — trading 68.7% below its estimated fair value. The current Return-on-Tangible-Equity is 10.62%, which is 15071% above median its 10-year median of 0.07 and 49.2% above the Asset Management industry median of 7.12. Innovative-RFK SpA's overall GF Score™ is 72/100 with 1 warning sign 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 Innovative-RFK SpA (XPAR:MLIRF), the current Return-on-Tangible-Equity is 10.62% 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 Innovative-RFK SpA (XPAR:MLIRF) Overvalued in 2026?
Based on GuruFocus' analysis, Innovative-RFK SpA stock appears to be undervalued.
The current stock price of €1.69 is trading 68.7% below its estimated GF Value™ of €5.40.
GuruFocus considers Innovative-RFK SpA to be Possible Value Trap.
Key valuation signals for XPAR:MLIRF:
Return-on-Tangible-Equity: 10.62% (15071% above median its 10-year median of 0.07)
GF Value™: €5.40 vs. price of €1.69 (68.7% below fair value)
Industry Position: 49.2% above the Asset Management median (#614 of 1590)
No single metric tells the full story. See the XPAR:MLIRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Innovative-RFK SpA is an investment fund investing in inventive Italian Small and medium-sized enterprises. The company's services include business consultancy services and corporate planning, management and operations consultancy on company policy, planning, organization, efficiency and control, company development and restructuring; consultancy services on marketing management to inventive start-ups and Small and medium-sized enterprises.
72GF Score
Get the complete analysis for XPAR:MLIRF
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