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Smart Capital SpAMIL:SMCAP 9 3-Year RORE % is 66.32 as of Dec. 2025. GuruFocus rates MIL:SMCAP with a GF Score™ of 9/100. The stock has 4 warning signs investors should review. Among 1,531 Asset Management companies, Smart Capital SpA ranks better than 74.27% on this metric.
Return on Retained Earnings (RORE) is an indicator of a company's growth potential, it shows how much a company earns by reinvesting its retained earnings, i.e. profits after dividend payments.
Smart Capital SpA's 3-Year RORE % for the quarter that ended in Dec. 2025 was 66.32%.
The industry rank for Smart Capital SpA's 3-Year RORE % or its related term are showing as below:
MIL:SMCAP's 3-Year RORE % is ranked better than 74.27% of 1531
companies
in the Asset Management industry
Industry Median: 12.02
vs MIL:SMCAP: 66.32
Smart Capital SpA (MIL:SMCAP) 3-Year RORE % Explanation
Return on Retained Earnings (RORE) is important to investors because it reveals a company's efficiency and growth potential. A higher RORE indicates a higher return. A high RORE indicates that the company should reinvest profits into the business. A lower RORE suggests that the company should distribute profits to shareholders by paying out dividends, since those dollars aren't generating much additional growth for the company.
There are a several different ways to arrive at the Return on Retained Earnings. The simplest way to calculate it is by using published information on Earnings per Share (EPS) and Dividend per Share (DPS) over a selected period. Here, 3-year period is chosen.
Be Aware
Please keep in mind that the RORE is relative to the nature of the business and its competitors. If another company in the same sector is producing a lower return on retained earnings, it doesn’t necessarily mean it’s a bad investment. It may just suggest the company is older and no longer in a high growth stage. At such a stage in the business cycle, it would be expected to see a lower RORE and higher dividend payout.
Smart Capital SpA 3-Year RORE % Related Terms
Smart Capital SpA 3-Year RORE % Historical Data
* Premium members only.
The historical data trend for Smart Capital SpA's 3-Year RORE % 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.
MIL:SMCAP vs BLK, BX, KKR: 3-Year RORE % Comparison
For the Asset Management subindustry, Smart Capital SpA's 3-Year RORE %, along with its competitors' market caps and 3-Year RORE % 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.
Smart Capital SpA 3-Year RORE % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Smart Capital SpA's 3-Year RORE % distribution charts can be found below:
* The bar in red indicates where Smart Capital SpA's 3-Year RORE % 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 3-Year RORE %, the most recent and first period EPS (Diluted) is the trailing twelve months (TTM) data ended in Dec. 2025 and 3-year before.
Smart Capital SpA (MIL:SMCAP) has a 3-Year RORE % of 66.32 as of Dec. 2025. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on Smart Capital SpA and its competitors. According to the industry distribution chart, Smart Capital SpA ranks #394 out of 1531 companies in the Asset Management industry, placing it in the top 25.7%.
Is Smart Capital SpA's 3-Year RORE % too high?
Smart Capital SpA's current 3-Year RORE % is 66.32. The Asset Management industry median 3-Year RORE % is 12.02. Smart Capital SpA's value of 66.32 is 451.7% above this industry median. Based on the distribution chart, Smart Capital SpA ranks #394 out of 1531 companies in the Asset Management industry, which is above the industry midpoint. Overall, Smart Capital SpA has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Smart Capital SpA's 3-Year RORE % compare to BLK and BX?
According to the Asset Management industry distribution chart, Smart Capital SpA ranks #394 out of 1531 companies for 3-Year RORE %. This puts Smart Capital SpA in the upper half of its industry. The industry median 3-Year RORE % is 12.02. Smart Capital SpA's value of 66.32 is 451.7% 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 3-Year RORE % for an Asset Management company?
The median 3-Year RORE % among Asset Management companies is 12.02, based on 1,531 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year RORE % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year RORE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Smart Capital SpA's current 3-Year RORE % of 66.32 is 451.7% 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 3-Year RORE % mean?
A high 3-Year RORE % can signal that a stock is expensive relative to its fundamentals. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on Smart Capital SpA and its competitors. For the Asset Management industry, the median 3-Year RORE % is 12.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smart Capital SpA's current 3-Year RORE % is 66.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart Capital SpA stock overvalued right now?
Smart Capital SpA (MIL:SMCAP) has a current 3-Year RORE % of 66.32. The current 3-Year RORE % is 66.32 and 451.7% above the Asset Management industry median of 12.02. Smart Capital SpA's overall GF Score™ is 9/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year RORE % calculated?
3-Year RORE % is calculated from a company's financial statements. For Smart Capital SpA (MIL:SMCAP), the current 3-Year RORE % is 66.32 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.
Smart Capital SpA is a permanent capital industrial holding company specializing in private investments in public equity (PIPE) and private equity, focusing on small and medium-sized Italian companies, listed, unlisted or in the pre-IPO phase, operating both in Italy and abroad. It is characterized, also in its investment approach, by an entrepreneurial and longterm DNA. The company's main activity consists of acquiring shares and other financial instruments that allow the purchase or subscription of shares, including in the context of capital increases, at the time of listing or subsequently (such as the PIPE), reserved placements, public subscription and sale offers.
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