Fiera Milano SpACHIX:FMM 75 ROA % is 14.00% as of Mar. 2026, which is 214% above its 10-year median of 4.46. GuruFocus rates CHIX:FMM with a GF Score™ of 75/100 and a GF Value™ of €2.26. The stock has 3 warning signs investors should review. Among 1,096 Business Services companies, Fiera Milano SpA ranks better than 83.03% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Fiera Milano SpA's annualizedNet Income for the quarter that ended in Mar. 2026 was €109.5 Mil.
Fiera Milano SpA's average Total Assets over the quarter that ended in Mar. 2026 was €782.2 Mil. Therefore, Fiera Milano SpA's annualized ROA % for the quarter that ended in Mar. 2026 was 14.00%.
The historical rank and industry rank for Fiera Milano SpA's ROA % or its related term are showing as below:
CHIX:FMm'
s ROA % Range Over the Past 10 Years
Min: -8.29 Med: 4.46 Max: 10.7
Current: 10.7
During the past 13 years, Fiera Milano SpA's highest ROA % was 10.70%. The lowest was -8.29%. And the median was 4.46%.
CHIX:FMm's ROA % is ranked better than 83.03% of 1096
companies
in the Business Services industry
Industry Median: 3.455
vs CHIX:FMm: 10.70
Fiera Milano SpA (CHIX:FMm) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Fiera Milano SpA ROA % Related Terms
Fiera Milano SpA ROA % Historical Data
* Premium members only.
The historical data trend for Fiera Milano SpA's ROA % 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.
For the Specialty Business Services subindustry, Fiera Milano SpA's ROA %, along with its competitors' market caps and ROA % 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.
Fiera Milano SpA ROA % vs Business Services Industry
For the Business Services industry and Industrials sector, Fiera Milano SpA's ROA % distribution charts can be found below:
* The bar in red indicates where Fiera Milano SpA's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets 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.
ROA % is displayed in the 30-year financial page.
Fiera Milano SpA (CHIX:FMM) has a ROA % of 14.00% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Fiera Milano SpA and its competitors. This is 214% above median its historical median of 4.46. According to the industry distribution chart, Fiera Milano SpA ranks #186 out of 1096 companies in the Business Services industry, placing it in the top 17%.
Is Fiera Milano SpA's ROA % too high?
Fiera Milano SpA's current ROA % of 14.00% is 214% above median its 10-year median of 4.46. The Business Services industry median ROA % is 3.46. Fiera Milano SpA's value of 14.00% is 305.2% above this industry median. Based on the distribution chart, Fiera Milano SpA ranks #186 out of 1096 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Fiera Milano SpA has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Fiera Milano SpA's ROA % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Fiera Milano SpA ranks #186 out of 1096 companies for ROA %. This places Fiera Milano SpA in the top 17% of its industry — outperforming the majority of peers. The industry median ROA % is 3.46. Fiera Milano SpA's value of 14.00% is 305.2% above this benchmark. While the company's 10-year median is 4.46 vs. the industry median of 3.46, Fiera Milano 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 ROA % for a Business Services company?
The median ROA % among Business Services companies is 3.46, based on 1,096 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fiera Milano SpA's current ROA % of 14.00% is 305.2% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Fiera Milano SpA and its competitors. For the Business Services industry, the median ROA % is 3.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fiera Milano SpA's current ROA % is 14.00%, which is 214% above median its own 10-year median of 4.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fiera Milano SpA stock overvalued right now?
Fiera Milano SpA (CHIX:FMM) has a current ROA % of 14.00%. The stock's GF Value™ is €2.26, compared to a current price of €3.13 — trading 38.5% above its estimated fair value. The current ROA % is 14.00%, which is 214% above median its 10-year median of 4.46 and 305.2% above the Business Services industry median of 3.46. Fiera Milano SpA's overall GF Score™ is 75/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Fiera Milano SpA (CHIX:FMM), the current ROA % is 14.00% 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 Fiera Milano SpA (CHIX:FMM) Overvalued in 2026?
Based on GuruFocus' analysis, Fiera Milano SpA stock appears to be overvalued.
The current stock price of €3.13 is trading 38.5% above its estimated GF Value™ of €2.26.
Key valuation signals for CHIX:FMM:
ROA %: 14.00% (214% above median its 10-year median of 4.46)
GF Value™: €2.26 vs. price of €3.13 (38.5% above fair value)
Industry Position: 305.2% above the Business Services median (#186 of 1096)
No single metric tells the full story. See the CHIX:FMM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fiera Milano SpA is a trade fair company. Its operating segments include Italian Exhibitions Business, Foreign Exhibitions Business, Congresses, and Other Sectors. The Italian Exhibitions and Foreign Exhibitions segment covers all activities for organizing and hosting exhibitions and other events in Italy and abroad through the use, promotion, and offer of furnished exhibition spaces, project support, and ancillary services. It also engages in stand-fitting, technical, and exhibition site services. The Congresses segment covers the management of conferences and events. It generates the majority of the revenue from Italian exhibitions segment. Geographically, it operates in Italy and Abroad, where it derives maximum revenue from Italy.
75GF Score
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