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Friends SpAMIL:AMI 9 ROE % is -6.68% as of Dec. 2025. GuruFocus rates MIL:AMI with a GF Score™ of 9/100. Among 950 Media - Diversified companies, Friends SpA ranks worse than 68.84% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Friends SpA's annualized net income for the quarter that ended in Dec. 2025 was €-0.46 Mil. Friends SpA's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was €6.92 Mil. Therefore, Friends SpA's annualized ROE % for the quarter that ended in Dec. 2025 was -6.68%.
The historical rank and industry rank for Friends SpA's ROE % or its related term are showing as below:
MIL:AMI'
s ROE % Range Over the Past 10 Years
Min: -35.14 Med: -19.25 Max: -3.35
Current: -5.02
During the past 2 years, Friends SpA's highest ROE % was -3.35%. The lowest was -35.14%. And the median was -19.25%.
MIL:AMI's ROE % is ranked worse than 68.84% of 950
companies
in the Media - Diversified industry
Industry Median: 2.535
vs MIL:AMI: -5.02
Friends SpA (MIL:AMI) 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:
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.
Friends SpA ROE % Related Terms
Friends SpA ROE % Historical Data
* Premium members only.
The historical data trend for Friends 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.
Friends SpA ROE % Chart
Friends SpA Annual Data
Trend
Dec24
Dec25
ROE %
-35.14
-3.35
Friends SpA Semi-Annual Data
Dec24
Jun25
Dec25
ROE %
0.00
-5.48
-6.68
MIL:AMI vs NFLX, DIS, WBD: ROE % Comparison
For the Entertainment subindustry, Friends 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.
Friends SpA ROE % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Friends SpA's ROE % distribution charts can be found below:
* The bar in red indicates where Friends SpA's ROE % 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 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.
Friends SpA (MIL:AMI) has a ROE % of -6.68% 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 Friends SpA and its competitors. According to the industry distribution chart, Friends SpA ranks #654 out of 950 companies in the Media - Diversified industry, placing it in the top 68.8%.
Is Friends SpA's ROE % too high?
Friends SpA's current ROE % is -6.68%. Based on the distribution chart, Friends SpA ranks #654 out of 950 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Friends SpA has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Friends SpA's ROE % compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Friends SpA ranks #654 out of 950 companies for ROE %. This places Friends SpA in the lower half of its industry. The industry median ROE % is 2.54. 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 Media - Diversified company?
The median ROE % among Media - Diversified companies is 2.54, based on 950 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. 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 Friends SpA and its competitors. For the Media - Diversified industry, the median ROE % is 2.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Friends SpA's current ROE % is -6.68%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Friends SpA stock overvalued right now?
Friends SpA (MIL:AMI) has a current ROE % of -6.68%. The current ROE % is -6.68%. Friends SpA's overall GF Score™ is 9/100. 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 Friends SpA (MIL:AMI), the current ROE % is -6.68% 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.
Friends SpA operates in the live music and events sector. It handles various activities, including concerts, sponsorships, events, television productions, and multimedia. The company is currently organized into several divisions, each specialized and dedicated to different business sectors, pursuing corporate objectives and actively collaborating with each other, combining people and skills: Direction and Management, Concerts, Events & TV, Production, Management, Artist Management, Creative Division, Ticketing, Promotion & Digital Marketing.
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