Innovatec SpA (MIL:INC) ROE % Adjusted to Book Value: -25.38% (As of Dec. 2025)

What is Innovatec SpA ROE % Adjusted to Book Value?

Innovatec SpA MIL:INC -2.01% 30 ROE % Adjusted to Book Value is -25.38% as of Dec. 2025. GuruFocus rates MIL:INC with a GF Score™ of 30/100 and a GF Value™ of €0.04 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Innovatec SpA's ROE % for the quarter that ended in Dec. 2025 was -114.72%. Innovatec SpA's PB Ratio for the quarter that ended in Dec. 2025 was 4.52. Innovatec SpA's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 was -25.38%.

Innovatec SpA ROE % Adjusted to Book Value Related Terms

Innovatec SpA ROE % Adjusted to Book Value Historical Data

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The historical data trend for Innovatec SpA's ROE % Adjusted to Book Value 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.

Innovatec SpA ROE % Adjusted to Book Value Chart

Innovatec SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

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Dec22

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Dec25

ROE % Adjusted to Book Value

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13.12

23.46

0.15

-23.49

-5.60

Innovatec SpA Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
ROE % Adjusted to Book Value	Get a 7-Day Free Trial															13.39	-8.13	-41.43	-2.98	-25.38

MIL:INC vs NEE, SO, DUK: ROE % Adjusted to Book Value Comparison

For the Utilities - Regulated Electric subindustry, Innovatec SpA's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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.

Innovatec SpA ROE % Adjusted to Book Value vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Innovatec SpA's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Innovatec SpA's ROE % Adjusted to Book Value falls into.

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Innovatec SpA MIL:INC

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Innovatec SpA ROE % Adjusted to Book Value Calculation

Innovatec SpA's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	-25.32%	/	4.52
	=	-5.60%

Innovatec SpA's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	-114.72%	/	4.52
	=	-25.38%

Frequently Asked Questions Learn more about ROE % Adjusted to Book Value →

What does a ROE % Adjusted to Book Value of -25.38% mean?

Innovatec SpA (MIL:INC) has a ROE % Adjusted to Book Value of -25.38% as of Dec. 2025. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Innovatec SpA and its competitors.

Is Innovatec SpA's ROE % Adjusted to Book Value too high?

Innovatec SpA's current ROE % Adjusted to Book Value is -25.38%. Overall, Innovatec SpA has a GF Score™ of 30/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Innovatec SpA's ROE % Adjusted to Book Value compare to NEE and SO?

Innovatec SpA's ROE % Adjusted to Book Value of -25.38% can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROE % Adjusted to Book Value for an Utilities - Regulated company?

A good ROE % Adjusted to Book Value depends on the Utilities - Regulated industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROE % Adjusted to Book Value mean?

A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Innovatec SpA and its competitors. Innovatec SpA's current ROE % Adjusted to Book Value is -25.38%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Innovatec SpA stock overvalued right now?

Based on GuruFocus' analysis, Innovatec SpA (MIL:INC) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.04, compared to a current price of €0.19 — trading 362.5% above its estimated fair value. The current ROE % Adjusted to Book Value is -25.38%. Innovatec SpA's overall GF Score™ is 30/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROE % Adjusted to Book Value calculated?

ROE % Adjusted to Book Value is calculated from a company's financial statements. For Innovatec SpA (MIL:INC), the current ROE % Adjusted to Book Value is -25.38% 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 Innovatec SpA (MIL:INC) Overvalued in 2026?

Based on GuruFocus' analysis, Innovatec SpA stock appears to be overvalued. The current stock price of €0.19 is trading 362.5% above its estimated GF Value™ of €0.04. GuruFocus considers Innovatec SpA to be Significantly Overvalued.

Key valuation signals for MIL:INC:

ROE % Adjusted to Book Value: -25.38%
GF Value™: €0.04 vs. price of €0.19 (362.5% above fair value)
GF Score™: 30/100 with 8 warning signs

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

Innovatec SpA Business Description

Industry Utilities Utilities - Regulated

Comparable Companies MIL:DEA NEE SO DUK LSE:NG.AEP D ETR XEL EXC XMAD:ELE PEG ED WEC PCG BOM:532555 AEE DTE XPRA:CEZ TSX:FTS

Other Exchanges 5JT:Germany

Address Via Giovanni Bensi 12/3, Milano, ITA, 20152

Website https://www.innovatec.it

Innovatec SpA is engaged in the field of energy efficiency and renewable energies. The group is an integrated energy service provider which develops and operates technology, products and services.

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

€0.19

Price

€0.04

GF Value

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