ETS Engineering and Technical Services SpA (MIL:ETS) ROIC %: 46.87% (As of Dec. 2025)


MIL:ETS ETS Engineering and Technical Services SpA MIL:ETS
21 GF Score
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What is ETS Engineering and Technical Services SpA ROIC %?

ETS Engineering and Technical Services SpA MIL:ETS -3.76% 21 ROIC % is 46.87% as of Dec. 2025. GuruFocus rates MIL:ETS with a GF Score™ of 21/100. The stock has 5 warning signs investors should review.

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. ETS Engineering and Technical Services SpA's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2025 was 46.87%.

As of today (2026-06-28), ETS Engineering and Technical Services SpA's WACC % is 9.76%. ETS Engineering and Technical Services SpA's ROIC % is 46.87% (calculated using TTM income statement data). ETS Engineering and Technical Services SpA generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.

ETS Engineering and Technical Services SpA  (MIL:ETS) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, ETS Engineering and Technical Services SpA's WACC % is 9.76%. ETS Engineering and Technical Services SpA's ROIC % is 46.87% (calculated using TTM income statement data). ETS Engineering and Technical Services SpA generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.

Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

ETS Engineering and Technical Services SpA ROIC % Related Terms

ETS Engineering and Technical Services SpA ROIC % Historical Data

* Premium members only.

The historical data trend for ETS Engineering and Technical Services SpA's ROIC % 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.

ETS Engineering and Technical Services SpA ROIC % Chart

ETS Engineering and Technical Services SpA Annual Data
Trend Dec23 Dec24 Dec25
ROIC %
86.52 84.44 46.87

ETS Engineering and Technical Services SpA Semi-Annual Data
Dec23 Dec24 Dec25
ROIC % 86.52 84.44 46.87

MIL:ETS vs PWR, FIX, EME: ROIC % Comparison

For the Engineering & Construction subindustry, ETS Engineering and Technical Services SpA's ROIC %, along with its competitors' market caps and ROIC % 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.

ETS Engineering and Technical Services SpA ROIC % vs Construction Industry

For the Construction industry and Industrials sector, ETS Engineering and Technical Services SpA's ROIC % distribution charts can be found below:

* The bar in red indicates where ETS Engineering and Technical Services SpA's ROIC % falls into.


MIL:ETS
21GF Score
ETS Engineering and Technical Services SpA MIL:ETS
ROIC % is just one metric. See GF Score™, valuation, warning signs, and more.
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ETS Engineering and Technical Services SpA ROIC % Calculation

ETS Engineering and Technical Services SpA's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2025 is calculated as:

ROIC % (A: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2024 ) + Invested Capital (A: Dec. 2025 ))/ count )
=4.632 * ( 1 - 29.18% )/( (4.186 + 9.812)/ 2 )
=3.2803824/6.999
=46.87 %

where

Invested Capital(A: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=15.549 - 7.344 - ( 4.019 - max(0, 7.704 - 14.94+4.019))
=4.186

Invested Capital(A: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=19.104 - 3.175 - ( 6.117 - max(0, 4.645 - 17.604+6.117))
=9.812

ETS Engineering and Technical Services SpA's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Dec. 2025 is calculated as:

ROIC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2024 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=4.632 * ( 1 - 29.18% )/( (4.186 + 9.812)/ 2 )
=3.2803824/6.999
=46.87 %

where

Invested Capital(Q: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=15.549 - 7.344 - ( 4.019 - max(0, 7.704 - 14.94+4.019))
=4.186

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=19.104 - 3.175 - ( 6.117 - max(0, 4.645 - 17.604+6.117))
=9.812

Note: The Operating Income data used here is one times the annual (Dec. 2025) data. The tax rate is limited to between 0% and 100%.

* 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.

Frequently Asked Questions Learn more about ROIC % →
What does a ROIC % of 46.87% mean?
ETS Engineering and Technical Services SpA (MIL:ETS) has a ROIC % of 46.87% as of Dec. 2025. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on ETS Engineering and Technical Services SpA and its competitors.
Is ETS Engineering and Technical Services SpA's ROIC % too high?
ETS Engineering and Technical Services SpA's current ROIC % is 46.87%. The Construction industry median ROIC % is 4.66. ETS Engineering and Technical Services SpA's value of 46.87% is 905.8% above this industry median. Overall, ETS Engineering and Technical Services SpA has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does ETS Engineering and Technical Services SpA's ROIC % compare to PWR and FIX?
ETS Engineering and Technical Services SpA's ROIC % of 46.87% can be compared against companies in the Construction industry. The industry median ROIC % is 4.66. ETS Engineering and Technical Services SpA's value of 46.87% is 905.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROIC % for a Construction company?
The median ROIC % among Construction companies is 4.66, based on 1,750 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ETS Engineering and Technical Services SpA's current ROIC % of 46.87% is 905.8% 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 ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on ETS Engineering and Technical Services SpA and its competitors. For the Construction industry, the median ROIC % is 4.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ETS Engineering and Technical Services SpA's current ROIC % is 46.87%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ETS Engineering and Technical Services SpA stock overvalued right now?
ETS Engineering and Technical Services SpA (MIL:ETS) has a current ROIC % of 46.87%. The current ROIC % is 46.87% and 905.8% above the Construction industry median of 4.66. ETS Engineering and Technical Services SpA's overall GF Score™ is 21/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For ETS Engineering and Technical Services SpA (MIL:ETS), the current ROIC % is 46.87% 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.

ETS Engineering and Technical Services SpA Business Description

Address Via Angelo Mazzi, 32, Villa d'Alme, Bergamo, ITA, 24018
ETS Engineering and Technical Services SpA is an engineering company. The company offers integrated services in civil and systems engineering. It provides end-to-end solutions from feasibility studies and energy diagnostics to design, project management, and site supervision, ensuring efficiency, cost control, and technical excellence for both public and private clients.
21GF Score

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