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BSP:BPML11's Return-on-Tangible-Asset is ranked better than 76.29% of 932
companies
in the REITs industry
Industry Median: 3.27
vs BSP:BPML11: 6.69
Fundo DE Investimento Imobiliario BTG Pactual Shoppings (BSP:BPML11) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Fundo DE Investimento Imobiliario BTG Pactual Shoppings Return-on-Tangible-Asset Related Terms
Fundo DE Investimento Imobiliario BTG Pactual Shoppings Return-on-Tangible-Asset Historical Data
* 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.
Fundo DE Investimento Imobiliario BTG Pactual Shoppings Return-on-Tangible-Asset Chart
Fundo DE Investimento Imobiliario BTG Pactual Shoppings Annual Data
* 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.
Fundo DE Investimento Imobiliario BTG Pactual Shoppings Return-on-Tangible-Asset vs REITs Industry
* 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 Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is one times the annual (Jun. 2025) net income data.
What does a Return-on-Tangible-Asset of 6.69% mean?
Fundo DE Investimento Imobiliario BTG Pactual Shoppings (BSP:BPML11) has a Return-on-Tangible-Asset of 6.69% as of Jun. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Fundo DE Investimento Imobiliario BTG Pactual Shoppings and its competitors. This is 33% above median its historical median of 5.03. According to the industry distribution chart, Fundo DE Investimento Imobiliario BTG Pactual Shoppings ranks #221 out of 932 companies in the REITs industry, placing it in the top 23.7%.
Is Fundo DE Investimento Imobiliario BTG Pactual Shoppings' Return-on-Tangible-Asset too high?
Fundo DE Investimento Imobiliario BTG Pactual Shoppings' current Return-on-Tangible-Asset of 6.69% is 33% above median its 10-year median of 5.03. The REITs industry median Return-on-Tangible-Asset is 3.27. Fundo DE Investimento Imobiliario BTG Pactual Shoppings' value of 6.69% is 104.6% above this industry median. Based on the distribution chart, Fundo DE Investimento Imobiliario BTG Pactual Shoppings ranks #221 out of 932 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Fundo DE Investimento Imobiliario BTG Pactual Shoppings has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fundo DE Investimento Imobiliario BTG Pactual Shoppings' Return-on-Tangible-Asset compare to SPG and O?
According to the REITs industry distribution chart, Fundo DE Investimento Imobiliario BTG Pactual Shoppings ranks #221 out of 932 companies for Return-on-Tangible-Asset. This places Fundo DE Investimento Imobiliario BTG Pactual Shoppings in the top 24% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.27. Fundo DE Investimento Imobiliario BTG Pactual Shoppings' value of 6.69% is 104.6% above this benchmark. While the company's 10-year median is 5.03 vs. the industry median of 3.27, Fundo DE Investimento Imobiliario BTG Pactual Shoppings 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 Return-on-Tangible-Asset for a REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.27, based on 932 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fundo DE Investimento Imobiliario BTG Pactual Shoppings's current Return-on-Tangible-Asset of 6.69% is 104.6% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Fundo DE Investimento Imobiliario BTG Pactual Shoppings and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fundo DE Investimento Imobiliario BTG Pactual Shoppings's current Return-on-Tangible-Asset is 6.69%, which is 33% above median its own 10-year median of 5.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fundo DE Investimento Imobiliario BTG Pactual Shoppings stock overvalued right now?
Based on GuruFocus' analysis, Fundo DE Investimento Imobiliario BTG Pactual Shoppings (BSP:BPML11) is currently considered Significantly Overvalued. The stock's GF Value™ is R$31.19, compared to a current price of R$84.25 — trading 170.1% above its estimated fair value. The current Return-on-Tangible-Asset is 6.69%, which is 33% above median its 10-year median of 5.03 and 104.6% above the REITs industry median of 3.27. Fundo DE Investimento Imobiliario BTG Pactual Shoppings' overall GF Score™ is 57/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Fundo DE Investimento Imobiliario BTG Pactual Shoppings (BSP:BPML11), the current Return-on-Tangible-Asset is 6.69% as of Jun. 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 Fundo DE Investimento Imobiliario BTG Pactual Shoppings (BSP:BPML11) Overvalued in 2026?
Based on GuruFocus' analysis, Fundo DE Investimento Imobiliario BTG Pactual Shoppings stock appears to be overvalued.
The current stock price of R$84.25 is trading 170.1% above its estimated GF Value™ of R$31.19.
GuruFocus considers Fundo DE Investimento Imobiliario BTG Pactual Shoppings to be Significantly Overvalued.
Key valuation signals for BSP:BPML11:
Return-on-Tangible-Asset: 6.69% (33% above median its 10-year median of 5.03)
GF Value™: R$31.19 vs. price of R$84.25 (170.1% above fair value)
Industry Position: 104.6% above the REITs median (#221 of 932)
No single metric tells the full story. See the BSP:BPML11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fundo DE Investimento Imobiliario BTG Pactual Shoppings Business Description
Fundo DE Investimento Imobiliario BTG Pactual Shoppings is a closed-end fund. The purpose of this asset class is to provide shareholders with appreciation and profitability of their shares, through investment in real estate ventures, through the acquisition of completed and constructed real estate developments, land, or buildings under construction, intended for institutional use or commercial.
57GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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