SOL SpA (FRA:QOL) ROE %: 15.20% (As of Dec. 2025) — Near Median


FRA:QOL SOL SpA FRA:QOL
78 GF Score
Price €58.60
GF Value €42.17
Valuation Significantly Overvalued
! 5 Warning Signs
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What is SOL SpA ROE %?

SOL SpA FRA:QOL +0.51% 78 ROE % is 15.20% as of Dec. 2025, which is 7% above its 10-year median of 14.27. GuruFocus rates FRA:QOL with a GF Score™ of 78/100 and a GF Value™ of €42.17 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,591 Chemicals companies, SOL SpA ranks better than 86.86% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. SOL SpA's annualized net income for the quarter that ended in Dec. 2025 was €167 Mil. SOL SpA's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was €1,098 Mil. Therefore, SOL SpA's annualized ROE % for the quarter that ended in Dec. 2025 was 15.20%.

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

FRA:QOL' s ROE % Range Over the Past 10 Years
Min: 8.36   Med: 14.27   Max: 17.6
Current: 15.54

During the past 13 years, SOL SpA's highest ROE % was 17.60%. The lowest was 8.36%. And the median was 14.27%.

FRA:QOL's ROE % is ranked better than
86.86% of 1591 companies
in the Chemicals industry
Industry Median: 5.19 vs FRA:QOL: 15.54

SOL SpA  (FRA:QOL) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=166.94/1098.153
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(166.94 / 1804.006)*(1804.006 / 2344.5795)*(2344.5795 / 1098.153)
=Net Margin %*Asset Turnover*Equity Multiplier
=9.25 %*0.7694*2.135
=ROA %*Equity Multiplier
=7.12 %*2.135
=15.20 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=166.94/1098.153
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (166.94 / 247.292) * (247.292 / 239) * (239 / 1804.006) * (1804.006 / 2344.5795) * (2344.5795 / 1098.153)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6751 * 1.0347 * 13.25 % * 0.7694 * 2.135
=15.20 %

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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


SOL SpA ROE % Related Terms


SOL SpA ROE % Historical Data

* Premium members only.

The historical data trend for SOL SpA's ROE % 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.

SOL SpA ROE % Chart

SOL SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.43 17.60 16.66 15.10 15.43

SOL 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 % 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 14.71 15.81 14.60 16.01 15.20

FRA:QOL vs LIN, SHW, ECL: ROE % Comparison

For the Specialty Chemicals subindustry, SOL SpA's ROE %, along with its competitors' market caps and ROE % 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.


SOL SpA ROE % vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, SOL SpA's ROE % distribution charts can be found below:

* The bar in red indicates where SOL SpA's ROE % falls into.


FRA:QOL
78GF Score
SOL SpA FRA:QOL
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SOL SpA ROE % Calculation

SOL SpA's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=166.993/( (1027.563+1136.897)/ 2 )
=166.993/1082.23
=15.43 %

SOL SpA's annualized ROE % for the quarter that ended in Dec. 2025 is calculated as

ROE %=Net Income (Q: Dec. 2025 )/( (Total Stockholders Equity (Q: Jun. 2025 )+Total Stockholders Equity (Q: Dec. 2025 ))/ count )
=166.94/( (1059.409+1136.897)/ 2 )
=166.94/1098.153
=15.20 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity 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. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 15.20% mean?
SOL SpA (FRA:QOL) has a ROE % of 15.20% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on SOL SpA and its competitors. This is near median its historical median of 14.27. Over the past decade, SOL SpA's ROE % has ranged from 8.36 to 17.60. According to the industry distribution chart, SOL SpA ranks #209 out of 1591 companies in the Chemicals industry, placing it in the top 13.1%.
Is SOL SpA's ROE % too high?
SOL SpA's current ROE % of 15.20% is near median its 10-year median of 14.27. Over the past 10 years, this metric has ranged from a low of 8.36 to a high of 17.60. The Chemicals industry median ROE % is 5.19. SOL SpA's value of 15.20% is 192.9% above this industry median. Based on the distribution chart, SOL SpA ranks #209 out of 1591 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, SOL SpA has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SOL SpA's ROE % compare to LIN and SHW?
According to the Chemicals industry distribution chart, SOL SpA ranks #209 out of 1591 companies for ROE %. This places SOL SpA in the top 13% of its industry — outperforming the majority of peers. The industry median ROE % is 5.19. SOL SpA's value of 15.20% is 192.9% above this benchmark. Historically, SOL SpA's own ROE % has ranged from 8.36 to 17.60 over the past decade. While the company's 10-year median is 14.27 vs. the industry median of 5.19, SOL 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 ROE % for a Chemicals company?
The median ROE % among Chemicals companies is 5.19, based on 1,591 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SOL SpA's current ROE % of 15.20% is 192.9% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on SOL SpA and its competitors. For the Chemicals industry, the median ROE % is 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SOL SpA's current ROE % is 15.20%, which is near median its own 10-year median of 14.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SOL SpA stock overvalued right now?
Based on GuruFocus' analysis, SOL SpA (FRA:QOL) is currently considered Significantly Overvalued. The stock's GF Value™ is €42.17, compared to a current price of €58.60 — trading 39% above its estimated fair value. The current ROE % is 15.20%, which is near median its 10-year median of 14.27 and 192.9% above the Chemicals industry median of 5.19. SOL SpA's overall GF Score™ is 78/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For SOL SpA (FRA:QOL), the current ROE % is 15.20% 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 SOL SpA (FRA:QOL) Overvalued in 2026?

Based on GuruFocus' analysis, SOL SpA stock appears to be overvalued. The current stock price of €58.60 is trading 39% above its estimated GF Value™ of €42.17. GuruFocus considers SOL SpA to be Significantly Overvalued.

Key valuation signals for FRA:QOL:

  • ROE %: 15.20% (near median its 10-year median of 14.27)
  • GF Value™: €42.17 vs. price of €58.60 (39% above fair value)
  • GF Score™: 78/100 with 5 warning signs
  • Industry Position: 192.9% above the Chemicals median (#209 of 1591)

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


SOL SpA Business Description

Address Via Borgazzi, 27, Monza, ITA, 20900
SOL SpA manufactures and sells industrial gases and medical equipment. The firm's two segments are based on product type. The home-care segment, which generates the majority of revenue, sells a variety of medicinal gases including oxygen, nitrogen, nitrous oxide, carbon dioxide, synthetic air, and medical air. The segment also provides medical air services for hospitals. The technical gases segment sells gas-based products to the energy, agricultural, food, metalworking, glass, and electronics industries. More of SOL's revenue comes from Italy than any other country.
78GF Score

Get the complete analysis for FRA:QOL

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

€58.60
Price
€42.17
GF Value