Banco BPM SpAMIL:BAMI -2.14%49 ROE % is 11.96% as of Dec. 2025, which is 92% above its 10-year median of 6.23. GuruFocus rates MIL:BAMI with a GF Score™ of 49/100 and a GF Value™ of €6.97 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,523 Banks companies, Banco BPM SpA ranks better than 68.61% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Banco BPM SpA's annualized net income for the quarter that ended in Dec. 2025 was €1,865 Mil. Banco BPM SpA's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was €15,590 Mil. Therefore, Banco BPM SpA's annualized ROE % for the quarter that ended in Dec. 2025 was 11.96%.
The historical rank and industry rank for Banco BPM SpA's ROE % or its related term are showing as below:
MIL:BAMI'
s ROE % Range Over the Past 10 Years
Min: -20.93 Med: 6.23 Max: 26.87
Current: 12.83
During the past 13 years, Banco BPM SpA's highest ROE % was 26.87%. The lowest was -20.93%. And the median was 6.23%.
MIL:BAMI's ROE % is ranked better than 68.61% of 1523
companies
in the Banks industry
Industry Median: 10.22
vs MIL:BAMI: 12.83
Banco BPM SpA (MIL:BAMI) 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 four times the quarterly (Dec. 2025) net income data. The Revenue data used here is four times the quarterly (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.
Banco BPM SpA ROE % Related Terms
Banco BPM SpA ROE % Historical Data
* Premium members only.
The historical data trend for Banco BPM 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.
For the Banks - Regional subindustry, Banco BPM 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.
Banco BPM SpA ROE % vs Banks Industry
For the Banks industry and Financial Services sector, Banco BPM SpA's ROE % distribution charts can be found below:
* The bar in red indicates where Banco BPM 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 four times the quarterly (Dec. 2025) net income data.
ROE % is displayed in the 30-year financial page.
Banco BPM SpA (MIL:BAMI) has a ROE % of 11.96% 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 Banco BPM SpA and its competitors. This is 92% above median its historical median of 6.23. According to the industry distribution chart, Banco BPM SpA ranks #478 out of 1523 companies in the Banks industry, placing it in the top 31.4%.
Is Banco BPM SpA's ROE % too high?
Banco BPM SpA's current ROE % of 11.96% is 92% above median its 10-year median of 6.23. The Banks industry median ROE % is 10.22. Banco BPM SpA's value of 11.96% is 17% above this industry median. Based on the distribution chart, Banco BPM SpA ranks #478 out of 1523 companies in the Banks industry, which is above the industry midpoint. Overall, Banco BPM SpA has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Banco BPM SpA's ROE % compare to competitors?
According to the Banks industry distribution chart, Banco BPM SpA ranks #478 out of 1523 companies for ROE %. This puts Banco BPM SpA in the upper half of its industry. The industry median ROE % is 10.22. Banco BPM SpA's value of 11.96% is 17% above this benchmark. While the company's 10-year median is 6.23 vs. the industry median of 10.22, Banco BPM 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 Banks company?
The median ROE % among Banks companies is 10.22, based on 1,523 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. Banco BPM SpA's current ROE % of 11.96% is 17% 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 Banco BPM SpA and its competitors. For the Banks industry, the median ROE % is 10.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Banco BPM SpA's current ROE % is 11.96%, which is 92% above median its own 10-year median of 6.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banco BPM SpA stock overvalued right now?
Based on GuruFocus' analysis, Banco BPM SpA (MIL:BAMI) is currently considered Significantly Overvalued. The stock's GF Value™ is €6.97, compared to a current price of €15.31 — trading 119.6% above its estimated fair value. The current ROE % is 11.96%, which is 92% above median its 10-year median of 6.23 and 17% above the Banks industry median of 10.22. Banco BPM SpA's overall GF Score™ is 49/100 with 6 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 Banco BPM SpA (MIL:BAMI), the current ROE % is 11.96% 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 Banco BPM SpA (MIL:BAMI) Overvalued in 2026?
Based on GuruFocus' analysis, Banco BPM SpA stock appears to be overvalued.
The current stock price of €15.31 is trading 119.6% above its estimated GF Value™ of €6.97.
GuruFocus considers Banco BPM SpA to be Significantly Overvalued.
Key valuation signals for MIL:BAMI:
ROE %: 11.96% (92% above median its 10-year median of 6.23)
GF Value™: €6.97 vs. price of €15.31 (119.6% above fair value)
Industry Position: 17% above the Banks median (#478 of 1523)
No single metric tells the full story. See the MIL:BAMI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Banco BPM SpA is a financial services provider. It offers services including retail banking, corporate banking and private and investment banking/asset management.
49GF Score
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