Ermenegildo Zegna NVSTU:JN0 +0.79%82 ROA % is 3.99% as of Dec. 2025, which is 135% above its 10-year median of 1.70. GuruFocus rates STU:JN0 with a GF Score™ of 82/100 and a GF Value™ of €9.92 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,066 Manufacturing - Apparel & Accessories companies, Ermenegildo Zegna NV ranks better than 63.88% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Ermenegildo Zegna NV's annualizedNet Income for the quarter that ended in Dec. 2025 was €111 Mil.
Ermenegildo Zegna NV's average Total Assets over the quarter that ended in Dec. 2025 was €2,781 Mil. Therefore, Ermenegildo Zegna NV's annualized ROA % for the quarter that ended in Dec. 2025 was 3.99%.
The historical rank and industry rank for Ermenegildo Zegna NV's ROA % or its related term are showing as below:
STU:JN0'
s ROA % Range Over the Past 10 Years
Min: -5.38 Med: 1.7 Max: 4.74
Current: 3.65
During the past 8 years, Ermenegildo Zegna NV's highest ROA % was 4.74%. The lowest was -5.38%. And the median was 1.70%.
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 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.
* 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 Apparel Manufacturing subindustry, Ermenegildo Zegna NV'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.
Ermenegildo Zegna NV ROA % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Ermenegildo Zegna NV's ROA % distribution charts can be found below:
* The bar in red indicates where Ermenegildo Zegna NV'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 two times the semi-annual (Dec. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Ermenegildo Zegna NV (STU:JN0) has a ROA % of 3.99% 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 Ermenegildo Zegna NV and its competitors. This is 135% above median its historical median of 1.70. According to the industry distribution chart, Ermenegildo Zegna NV ranks #385 out of 1066 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 36.1%.
Is Ermenegildo Zegna NV's ROA % too high?
Ermenegildo Zegna NV's current ROA % of 3.99% is 135% above median its 10-year median of 1.70. The Manufacturing - Apparel & Accessories industry median ROA % is 1.90. Ermenegildo Zegna NV's value of 3.99% is 110% above this industry median. Based on the distribution chart, Ermenegildo Zegna NV ranks #385 out of 1066 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Ermenegildo Zegna NV has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ermenegildo Zegna NV's ROA % compare to PVH and COLM?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Ermenegildo Zegna NV ranks #385 out of 1066 companies for ROA %. This puts Ermenegildo Zegna NV in the upper half of its industry. The industry median ROA % is 1.90. Ermenegildo Zegna NV's value of 3.99% is 110% above this benchmark. While the company's 10-year median is 1.70 vs. the industry median of 1.90, Ermenegildo Zegna NV 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 Manufacturing - Apparel & Accessories company?
The median ROA % among Manufacturing - Apparel & Accessories companies is 1.90, based on 1,066 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. Ermenegildo Zegna NV's current ROA % of 3.99% is 110% 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 Ermenegildo Zegna NV and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROA % is 1.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ermenegildo Zegna NV's current ROA % is 3.99%, which is 135% above median its own 10-year median of 1.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ermenegildo Zegna NV stock overvalued right now?
Based on GuruFocus' analysis, Ermenegildo Zegna NV (STU:JN0) is currently considered Modestly Overvalued. The stock's GF Value™ is €9.92, compared to a current price of €11.51 — trading 16% above its estimated fair value. The current ROA % is 3.99%, which is 135% above median its 10-year median of 1.70 and 110% above the Manufacturing - Apparel & Accessories industry median of 1.90. Ermenegildo Zegna NV's overall GF Score™ is 82/100 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 Ermenegildo Zegna NV (STU:JN0), the current ROA % is 3.99% 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 Ermenegildo Zegna NV (STU:JN0) Overvalued in 2026?
Based on GuruFocus' analysis, Ermenegildo Zegna NV stock appears to be overvalued.
The current stock price of €11.51 is trading 16% above its estimated GF Value™ of €9.92.
GuruFocus considers Ermenegildo Zegna NV to be Modestly Overvalued.
Key valuation signals for STU:JN0:
ROA %: 3.99% (135% above median its 10-year median of 1.70)
GF Value™: €9.92 vs. price of €11.51 (16% above fair value)
Industry Position: 110% above the Manufacturing - Apparel & Accessories median (#385 of 1066)
No single metric tells the full story. See the STU:JN0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ermenegildo Zegna NV designs creates, and distributes luxury menswear and accessories under the Zegna brand, as well as womenswear, menswear, and accessories under the Thom Browne brand. The company operates in three segments: the Zegna segment (comprising three product lines: Zegna Branded Products, Textile, and Third Party Brands); the Thom Browne segment, and the Tom Ford Fashion segment. The company generates the majority of revenue from the Zegna segment.
82GF Score
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