ErreDue SpA (FRA:Z9H) ROA %: 8.32% (As of Dec. 2025) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:Z9H ErreDue SpA FRA:Z9H
94 GF Score
Price €10.20
GF Value €12.17
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is ErreDue SpA ROA %?

ErreDue SpA FRA:Z9H 94 ROA % is 8.32% as of Dec. 2025, which is 3% below its 10-year median of 8.55. GuruFocus rates FRA:Z9H with a GF Score™ of 94/100 and a GF Value™ of €12.17 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 3,073 Industrial Products companies, ErreDue SpA ranks better than 71.04% on this metric.

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. ErreDue SpA's annualized Net Income for the quarter that ended in Dec. 2025 was €4.62 Mil. ErreDue SpA's average Total Assets over the quarter that ended in Dec. 2025 was €55.55 Mil. Therefore, ErreDue SpA's annualized ROA % for the quarter that ended in Dec. 2025 was 8.32%.

The historical rank and industry rank for ErreDue SpA's ROA % or its related term are showing as below:

FRA:Z9H' s ROA % Range Over the Past 10 Years
Min: 5.81   Med: 8.55   Max: 11.72
Current: 6.04

During the past 7 years, ErreDue SpA's highest ROA % was 11.72%. The lowest was 5.81%. And the median was 8.55%.

FRA:Z9H's ROA % is ranked better than
71.04% of 3073 companies
in the Industrial Products industry
Industry Median: 3.06 vs FRA:Z9H: 6.04

ErreDue SpA  (FRA:Z9H) 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 bank’s 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:

ROA %(Q: Dec. 2025 )
=Net Income/Total Assets
=4.624/55.548
=(Net Income / Revenue)*(Revenue / Total Assets)
=(4.624 / 24.26)*(24.26 / 55.548)
=Net Margin %*Asset Turnover
=19.06 %*0.4367
=8.32 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) 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.


ErreDue SpA ROA % Related Terms


ErreDue SpA ROA % Historical Data

* Premium members only.

The historical data trend for ErreDue 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.

ErreDue SpA ROA % Chart

ErreDue SpA Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROA %
Get a 7-Day Free Trial 11.72 5.90 8.96 5.81 5.94

ErreDue SpA Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROA % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.25 5.02 7.02 3.73 8.32

FRA:Z9H vs GEV, ETN, PH: ROA % Comparison

For the Specialty Industrial Machinery subindustry, ErreDue 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.


ErreDue SpA ROA % vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, ErreDue SpA's ROA % distribution charts can be found below:

* The bar in red indicates where ErreDue SpA's ROA % falls into.


FRA:Z9H
94GF Score
ErreDue SpA FRA:Z9H
ROA % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ErreDue SpA ROA % Calculation

ErreDue SpA's annualized ROA % for the fiscal year that ended in Dec. 2025 is calculated as:

ROA %=Net Income (A: Dec. 2025 )/( (Total Assets (A: Dec. 2024 )+Total Assets (A: Dec. 2025 ))/ count )
=3.291/( (52.379+58.425)/ 2 )
=3.291/55.402
=5.94 %

ErreDue SpA's annualized ROA % for the quarter that ended in Dec. 2025 is calculated as:

ROA %=Net Income (Q: Dec. 2025 )/( (Total Assets (Q: Jun. 2025 )+Total Assets (Q: Dec. 2025 ))/ count )
=4.624/( (52.671+58.425)/ 2 )
=4.624/55.548
=8.32 %

* 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 two times the semi-annual (Dec. 2025) net income data. ROA % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROA % →
What does a ROA % of 8.32% mean?
ErreDue SpA (FRA:Z9H) has a ROA % of 8.32% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on ErreDue SpA and its competitors. This is near median its historical median of 8.55. Over the past decade, ErreDue SpA's ROA % has ranged from 5.81 to 11.72. According to the industry distribution chart, ErreDue SpA ranks #890 out of 3073 companies in the Industrial Products industry, placing it in the top 29%.
Is ErreDue SpA's ROA % too high?
ErreDue SpA's current ROA % of 8.32% is near median its 10-year median of 8.55. Over the past 10 years, this metric has ranged from a low of 5.81 to a high of 11.72. The Industrial Products industry median ROA % is 3.06. ErreDue SpA's value of 8.32% is 171.9% above this industry median. Based on the distribution chart, ErreDue SpA ranks #890 out of 3073 companies in the Industrial Products industry, which is above the industry midpoint. Overall, ErreDue SpA has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ErreDue SpA's ROA % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, ErreDue SpA ranks #890 out of 3073 companies for ROA %. This puts ErreDue SpA in the upper half of its industry. The industry median ROA % is 3.06. ErreDue SpA's value of 8.32% is 171.9% above this benchmark. Historically, ErreDue SpA's own ROA % has ranged from 5.81 to 11.72 over the past decade. While the company's 10-year median is 8.55 vs. the industry median of 3.06, ErreDue 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 an Industrial Products company?
The median ROA % among Industrial Products companies is 3.06, based on 3,073 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. ErreDue SpA's current ROA % of 8.32% is 171.9% 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 ErreDue SpA and its competitors. For the Industrial Products industry, the median ROA % is 3.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ErreDue SpA's current ROA % is 8.32%, which is near median its own 10-year median of 8.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ErreDue SpA stock overvalued right now?
Based on GuruFocus' analysis, ErreDue SpA (FRA:Z9H) is currently considered Modestly Undervalued. The stock's GF Value™ is €12.17, compared to a current price of €10.20 — trading 16.2% below its estimated fair value. The current ROA % is 8.32%, which is near median its 10-year median of 8.55 and 171.9% above the Industrial Products industry median of 3.06. ErreDue SpA's overall GF Score™ is 94/100 with 7 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 ErreDue SpA (FRA:Z9H), the current ROA % is 8.32% 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 ErreDue SpA (FRA:Z9H) Overvalued in 2026?

Based on GuruFocus' analysis, ErreDue SpA stock appears to be undervalued. The current stock price of €10.20 is trading 16.2% below its estimated GF Value™ of €12.17. GuruFocus considers ErreDue SpA to be Modestly Undervalued.

Key valuation signals for FRA:Z9H:

  • ROA %: 8.32% (near median its 10-year median of 8.55)
  • GF Value™: €12.17 vs. price of €10.20 (16.2% below fair value)
  • GF Score™: 94/100 with 7 warning signs
  • Industry Position: 171.9% above the Industrial Products median (#890 of 3073)

No single metric tells the full story. See the FRA:Z9H stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ErreDue SpA Business Description

Other Exchanges RDUE:Italy
Address Via G. Gozzano, 3, Livorno, ITA, 57121
ErreDue SpA designs manufacture and markets solutions for the on-site production, blending, and purification of technical gases (hydrogen produced by electrolysis of water, nitrogen, and oxygen) intended for use in small, medium, and large industrial sites, laboratories, medical applications, applications related to the energy transition. Its range of products comprises High purity Hydrogen generators, High purity Nitrogen generators, Oxygen generators, and Purification systems for Nitrogen, Hydrogen, Oxygen, and complex gas mixtures.
94GF Score

Get the complete analysis for FRA:Z9H

ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€10.20
Price
€12.17
GF Value