ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. ENAV SpA's annualized net income for the quarter that ended in Mar. 2026 was €-90.7 Mil. ENAV SpA's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was €1,157.5 Mil. Therefore, ENAV SpA's annualized ROE % for the quarter that ended in Mar. 2026 was -7.84%.
The historical rank and industry rank for ENAV SpA's ROE % or its related term are showing as below:
MIL:ENAV'
s ROE % Range Over the Past 10 Years
Min: 4.85 Med: 8.97 Max: 10.34
Current: 8.67
During the past 13 years, ENAV SpA's highest ROE % was 10.34%. The lowest was 4.85%. And the median was 8.97%.
MIL:ENAV's ROE % is ranked better than 54.69% of 991
companies
in the Transportation industry
Industry Median: 7.6
vs MIL:ENAV: 8.67
ENAV SpA (MIL:ENAV) 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 (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) 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.
ENAV SpA ROE % Related Terms
ENAV SpA ROE % Historical Data
* Premium members only.
The historical data trend for ENAV 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 Airports & Air Services subindustry, ENAV 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.
ENAV SpA ROE % vs Transportation Industry
For the Transportation industry and Industrials sector, ENAV SpA's ROE % distribution charts can be found below:
* The bar in red indicates where ENAV 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 (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
ENAV SpA (MIL:ENAV) has a ROE % of -7.84% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on ENAV SpA and its competitors. Over the past decade, ENAV SpA's ROE % has ranged from 4.85 to 10.34. According to the industry distribution chart, ENAV SpA ranks #449 out of 991 companies in the Transportation industry, placing it in the top 45.3%.
Is ENAV SpA's ROE % too high?
ENAV SpA's current ROE % is -7.84%. Over the past 10 years, this metric has ranged from a low of 4.85 to a high of 10.34. Based on the distribution chart, ENAV SpA ranks #449 out of 991 companies in the Transportation industry, which is above the industry midpoint. Overall, ENAV SpA has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ENAV SpA's ROE % compare to JOBY?
According to the Transportation industry distribution chart, ENAV SpA ranks #449 out of 991 companies for ROE %. This puts ENAV SpA in the upper half of its industry. The industry median ROE % is 7.60. Historically, ENAV SpA's own ROE % has ranged from 4.85 to 10.34 over the past decade. 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 Transportation company?
The median ROE % among Transportation companies is 7.60, based on 991 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 ENAV SpA and its competitors. For the Transportation industry, the median ROE % is 7.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ENAV SpA's current ROE % is -7.84%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ENAV SpA stock overvalued right now?
Based on GuruFocus' analysis, ENAV SpA (MIL:ENAV) is currently considered Modestly Overvalued. The stock's GF Value™ is €4.12, compared to a current price of €5.20 — trading 26.1% above its estimated fair value. The current ROE % is -7.84%. ENAV SpA's overall GF Score™ is 81/100 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 ENAV SpA (MIL:ENAV), the current ROE % is -7.84% as of Mar. 2026. 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 ENAV SpA (MIL:ENAV) Overvalued in 2026?
Based on GuruFocus' analysis, ENAV SpA stock appears to be overvalued.
The current stock price of €5.20 is trading 26.1% above its estimated GF Value™ of €4.12.
GuruFocus considers ENAV SpA to be Modestly Overvalued.
Key valuation signals for MIL:ENAV:
ROE %: -7.84%
GF Value™: €4.12 vs. price of €5.20 (26.1% above fair value)
No single metric tells the full story. See the MIL:ENAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ENAV SpA is an Italy-based company engaged in providing air navigation and air traffic management services. The Group operates through three segments: Air Navigation Services, Maintenance Services, and AIM Software Solutions Services. The Air Navigation segment provides air traffic control and related services across Italian airspace and airports. The Maintenance segment focuses on the management and maintenance of air traffic control systems and infrastructure. The AIM Software Solutions segment develops software solutions for aeronautical information and air traffic management, along with related commercial and support services. It generates the majority of its revenue from the Flight assistance services segment.
81GF Score
Get the complete analysis for MIL:ENAV
ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MIL:ENAV has been successfully added to your 
