Technogym SpAMIL:TGYM -0.46%93 ROE % is 50.19% as of Dec. 2025, which is 79% above its 10-year median of 28.03. GuruFocus rates MIL:TGYM with a GF Score™ of 93/100 and a GF Value™ of €12.69 (Modestly Overvalued). Among 824 Travel & Leisure companies, Technogym SpA ranks better than 91.02% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Technogym SpA's annualized net income for the quarter that ended in Dec. 2025 was €149 Mil. Technogym SpA's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was €296 Mil. Therefore, Technogym SpA's annualized ROE % for the quarter that ended in Dec. 2025 was 50.19%.
The historical rank and industry rank for Technogym SpA's ROE % or its related term are showing as below:
MIL:TGYM'
s ROE % Range Over the Past 10 Years
Min: 13.18 Med: 28.03 Max: 67.06
Current: 35.56
During the past 13 years, Technogym SpA's highest ROE % was 67.06%. The lowest was 13.18%. And the median was 28.03%.
MIL:TGYM's ROE % is ranked better than 91.02% of 824
companies
in the Travel & Leisure industry
Industry Median: 5.485
vs MIL:TGYM: 35.56
Technogym SpA (MIL:TGYM) 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.
Technogym SpA ROE % Related Terms
Technogym SpA ROE % Historical Data
* Premium members only.
The historical data trend for Technogym 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 Leisure subindustry, Technogym 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.
Technogym SpA ROE % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Technogym SpA's ROE % distribution charts can be found below:
* The bar in red indicates where Technogym 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.
Technogym SpA (MIL:TGYM) has a ROE % of 50.19% 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 Technogym SpA and its competitors. This is 79% above median its historical median of 28.03. Over the past decade, Technogym SpA's ROE % has ranged from 13.18 to 67.06. According to the industry distribution chart, Technogym SpA ranks #74 out of 824 companies in the Travel & Leisure industry, placing it in the top 9%.
Is Technogym SpA's ROE % too high?
Technogym SpA's current ROE % of 50.19% is 79% above median its 10-year median of 28.03. Over the past 10 years, this metric has ranged from a low of 13.18 to a high of 67.06. The Travel & Leisure industry median ROE % is 5.49. Technogym SpA's value of 50.19% is 815% above this industry median. Based on the distribution chart, Technogym SpA ranks #74 out of 824 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Technogym SpA has a GF Score™ of 93/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Technogym SpA's ROE % compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Technogym SpA ranks #74 out of 824 companies for ROE %. This places Technogym SpA in the top 9% of its industry — outperforming the majority of peers. The industry median ROE % is 5.49. Technogym SpA's value of 50.19% is 815% above this benchmark. Historically, Technogym SpA's own ROE % has ranged from 13.18 to 67.06 over the past decade. While the company's 10-year median is 28.03 vs. the industry median of 5.49, Technogym 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 Travel & Leisure company?
The median ROE % among Travel & Leisure companies is 5.49, based on 824 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. Technogym SpA's current ROE % of 50.19% is 815% 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 Technogym SpA and its competitors. For the Travel & Leisure industry, the median ROE % is 5.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Technogym SpA's current ROE % is 50.19%, which is 79% above median its own 10-year median of 28.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Technogym SpA stock overvalued right now?
Based on GuruFocus' analysis, Technogym SpA (MIL:TGYM) is currently considered Modestly Overvalued. The stock's GF Value™ is €12.69, compared to a current price of €15.28 — trading 20.4% above its estimated fair value. The current ROE % is 50.19%, which is 79% above median its 10-year median of 28.03 and 815% above the Travel & Leisure industry median of 5.49. Technogym SpA's overall GF Score™ is 93/100. 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 Technogym SpA (MIL:TGYM), the current ROE % is 50.19% 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 Technogym SpA (MIL:TGYM) Overvalued in 2026?
Based on GuruFocus' analysis, Technogym SpA stock appears to be overvalued.
The current stock price of €15.28 is trading 20.4% above its estimated GF Value™ of €12.69.
GuruFocus considers Technogym SpA to be Modestly Overvalued.
Key valuation signals for MIL:TGYM:
ROE %: 50.19% (79% above median its 10-year median of 28.03)
GF Value™: €12.69 vs. price of €15.28 (20.4% above fair value)
Industry Position: 815% above the Travel & Leisure median (#74 of 824)
No single metric tells the full story. See the MIL:TGYM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Technogym SpA is a fitness equipment manufacturer. The company offers integrated solutions for personal wellness consisting of equipment, services, and digital solutions that can be personalized and adapted to the specific needs of end users and professional operators. The company offers a range of wellness, physical exercise, and rehabilitation solutions to the segments of the fitness equipment market and the overall wellness industry. Its geographical segments are Europe (except Italy), APAC, Americas, MEIA, and Italy.
93GF Score
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