Snam SpAMEX:SRGS N 67 ROA % is 4.52% as of Mar. 2026, which is 11% above its 10-year median of 4.06. GuruFocus rates MEX:SRGS N with a GF Score™ of 67/100 and a GF Value™ of MXN66.28. The stock has 10 warning signs investors should review. Among 511 Utilities - Regulated companies, Snam SpA ranks better than 61.84% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Snam SpA's annualizedNet Income for the quarter that ended in Mar. 2026 was MXN31,271 Mil.
Snam SpA's average Total Assets over the quarter that ended in Mar. 2026 was MXN692,440 Mil. Therefore, Snam SpA's annualized ROA % for the quarter that ended in Mar. 2026 was 4.52%.
The historical rank and industry rank for Snam SpA's ROA % or its related term are showing as below:
MEX:SRGS N'
s ROA % Range Over the Past 10 Years
Min: 2.25 Med: 4.06 Max: 5.66
Current: 3.97
During the past 13 years, Snam SpA's highest ROA % was 5.66%. The lowest was 2.25%. And the median was 4.06%.
MEX:SRGS N's ROA % is ranked better than 61.84% of 511
companies
in the Utilities - Regulated industry
Industry Median: 3.02
vs MEX:SRGS N: 3.97
Snam SpA (MEX:SRGS N) 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.
Snam SpA ROA % Related Terms
Snam SpA ROA % Historical Data
* Premium members only.
The historical data trend for Snam 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 Utilities - Regulated Gas subindustry, Snam 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.
Snam SpA ROA % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Snam SpA's ROA % distribution charts can be found below:
* The bar in red indicates where Snam 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.
Snam SpA (MEX:SRGS N) has a ROA % of 4.52% 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 Snam SpA and its competitors. This is 11% above median its historical median of 4.06. Over the past decade, Snam SpA's ROA % has ranged from 2.25 to 5.66. According to the industry distribution chart, Snam SpA ranks #195 out of 511 companies in the Utilities - Regulated industry, placing it in the top 38.2%.
Is Snam SpA's ROA % too high?
Snam SpA's current ROA % of 4.52% is 11% above median its 10-year median of 4.06. Over the past 10 years, this metric has ranged from a low of 2.25 to a high of 5.66. The Utilities - Regulated industry median ROA % is 3.02. Snam SpA's value of 4.52% is 49.7% above this industry median. Based on the distribution chart, Snam SpA ranks #195 out of 511 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Snam SpA has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Snam SpA's ROA % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Snam SpA ranks #195 out of 511 companies for ROA %. This puts Snam SpA in the upper half of its industry. The industry median ROA % is 3.02. Snam SpA's value of 4.52% is 49.7% above this benchmark. Historically, Snam SpA's own ROA % has ranged from 2.25 to 5.66 over the past decade. While the company's 10-year median is 4.06 vs. the industry median of 3.02, Snam 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 Utilities - Regulated company?
The median ROA % among Utilities - Regulated companies is 3.02, based on 511 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. Snam SpA's current ROA % of 4.52% is 49.7% 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 Snam SpA and its competitors. For the Utilities - Regulated industry, the median ROA % is 3.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Snam SpA's current ROA % is 4.52%, which is 11% above median its own 10-year median of 4.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Snam SpA stock overvalued right now?
Snam SpA (MEX:SRGS N) has a current ROA % of 4.52%. The stock's GF Value™ is MXN66.28, compared to a current price of MXN86.11 — trading 29.9% above its estimated fair value. The current ROA % is 4.52%, which is 11% above median its 10-year median of 4.06 and 49.7% above the Utilities - Regulated industry median of 3.02. Snam SpA's overall GF Score™ is 67/100 with 10 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 Snam SpA (MEX:SRGS N), the current ROA % is 4.52% 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 Snam SpA (MEX:SRGS N) Overvalued in 2026?
Based on GuruFocus' analysis, Snam SpA stock appears to be overvalued.
The current stock price of MXN86.11 is trading 29.9% above its estimated GF Value™ of MXN66.28.
Key valuation signals for MEX:SRGS N:
ROA %: 4.52% (11% above median its 10-year median of 4.06)
GF Value™: MXN66.28 vs. price of MXN86.11 (29.9% above fair value)
Industry Position: 49.7% above the Utilities - Regulated median (#195 of 511)
No single metric tells the full story. See the MEX:SRGS N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Snam operates a network of about 38,000 kilometers of natural gas pipelines in Italy and abroad. It also holds 17% of European gas storage capacity and 18.1 billion cubic meters of LNG regasification capacity. Snam is investing in hydrogen, biofuels, carbon capture and storage, and energy efficiencies to prepare for the energy transition. Snam became independent from Eni in 2012 after the latter sold its stake to Cassa Depositi e Prestiti, a financial institution controlled by the Ministry of Economy and Finance.
67GF Score
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