Terna SpA (MEX:TRN1N) ROA %: 4.01% (As of Mar. 2026) — Near Median


What is Terna SpA ROA %?

Terna SpA MEX:TRN1N 84 ROA % is 4.01% as of Mar. 2026, which is 1% below its 10-year median of 4.05. GuruFocus rates MEX:TRN1N with a GF Score™ of 84/100. The stock has 3 warning signs investors should review. Among 511 Utilities - Regulated companies, Terna SpA ranks better than 62.43% on this metric.

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Terna SpA's annualized Net Income for the quarter that ended in Mar. 2026 was MXN23,056.84 Mil. Terna SpA's average Total Assets over the quarter that ended in Mar. 2026 was MXN574,779.54 Mil. Therefore, Terna SpA's annualized ROA % for the quarter that ended in Mar. 2026 was 4.01%.

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

MEX:TRN1N' s ROA % Range Over the Past 10 Years
Min: 3.67   Med: 4.05   Max: 4.31
Current: 4.03

During the past 13 years, Terna SpA's highest ROA % was 4.31%. The lowest was 3.67%. And the median was 4.05%.

MEX:TRN1N's ROA % is ranked better than
62.43% of 511 companies
in the Utilities - Regulated industry
Industry Median: 3.02 vs MEX:TRN1N: 4.03

Terna SpA  (MEX:TRN1N) 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: Mar. 2026 )
=Net Income/Total Assets
=23056.84/574779.5375
=(Net Income / Revenue)*(Revenue / Total Assets)
=(23056.84 / 82445.92)*(82445.92 / 574779.5375)
=Net Margin %*Asset Turnover
=27.97 %*0.1434
=4.01 %

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.


Terna SpA ROA % Related Terms


Terna SpA ROA % Historical Data

* Premium members only.

The historical data trend for Terna 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.

Terna SpA ROA % Chart

Terna SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.60 3.58 3.63 4.52 3.82

Terna SpA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROA % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.10 4.45 3.74 3.45 4.01

MEX:TRN1N vs NEE, SO, DUK: ROA % Comparison

For the Utilities - Regulated Electric subindustry, Terna 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.


Terna SpA ROA % vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Terna SpA's ROA % distribution charts can be found below:

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



Terna SpA ROA % Calculation

Terna 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 )
=23434.819/( (593712.643+632156.091)/ 2 )
=23434.819/612934.367
=3.82 %

Terna SpA's annualized ROA % for the quarter that ended in Mar. 2026 is calculated as:

ROA %=Net Income (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=23056.84/( (632156.091+517402.984)/ 2 )
=23056.84/574779.5375
=4.01 %

* 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.

Frequently Asked Questions Learn more about ROA % →
What does a ROA % of 4.01% mean?
Terna SpA (MEX:TRN1N) has a ROA % of 4.01% 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 Terna SpA and its competitors. This is near median its historical median of 4.05. Over the past decade, Terna SpA's ROA % has ranged from 3.67 to 4.31. According to the industry distribution chart, Terna SpA ranks #192 out of 511 companies in the Utilities - Regulated industry, placing it in the top 37.6%.
Is Terna SpA's ROA % too high?
Terna SpA's current ROA % of 4.01% is near median its 10-year median of 4.05. Over the past 10 years, this metric has ranged from a low of 3.67 to a high of 4.31. The Utilities - Regulated industry median ROA % is 3.02. Terna SpA's value of 4.01% is 32.8% above this industry median. Based on the distribution chart, Terna SpA ranks #192 out of 511 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Terna SpA has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Terna SpA's ROA % compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Terna SpA ranks #192 out of 511 companies for ROA %. This puts Terna SpA in the upper half of its industry. The industry median ROA % is 3.02. Terna SpA's value of 4.01% is 32.8% above this benchmark. Historically, Terna SpA's own ROA % has ranged from 3.67 to 4.31 over the past decade. While the company's 10-year median is 4.05 vs. the industry median of 3.02, Terna 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. Terna SpA's current ROA % of 4.01% is 32.8% 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 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 Terna 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. Terna SpA's current ROA % is 4.01%, which is near median its own 10-year median of 4.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Terna SpA stock overvalued right now?
Terna SpA (MEX:TRN1N) has a current ROA % of 4.01%. The current ROA % is 4.01%, which is near median its 10-year median of 4.05 and 32.8% above the Utilities - Regulated industry median of 3.02. Terna SpA's overall GF Score™ is 84/100 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 Terna SpA (MEX:TRN1N), the current ROA % is 4.01% 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.

Terna SpA Business Description

Address Viale Egidio Galbani 70, Rome, ITA, 00156
Terna SpA is an electricity transmission system operator that owns virtually all of the Italian National Transmission Grid. With a monopoly under an Italian government license, Terna transmits and dispatches electricity throughout the country. It is also responsible for the planning, construction, and maintenance of the nation's electrical grid. Terna segments its operations into its Regulated Activities, Non-Regulated Activities, and International Activities. The company generates the vast majority of its revenue from charging transmission fees as a part of its Regulated Activities. Under its Non-Regulated Activities, Terna mainly produces and sells electricity transformers. The company has also made efforts to expand its operations into Italy's neighboring countries and North Africa.