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BSP:EQMA3B's Return-on-Tangible-Asset is ranked better than 88.19% of 508
companies
in the Utilities - Regulated industry
Industry Median: 3.38
vs BSP:EQMA3B: 9.15
Equatorial MaranhaoDistribuidora de Energia (BSP:EQMA3B) 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.
Equatorial MaranhaoDistribuidora de Energia Return-on-Tangible-Asset Related Terms
Equatorial MaranhaoDistribuidora de Energia 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.
Equatorial MaranhaoDistribuidora de Energia Return-on-Tangible-Asset Chart
Equatorial MaranhaoDistribuidora de Energia Annual Data
BSP:EQMA3B vs NEE, SO, DUK: Return-on-Tangible-Asset Comparison
For the Utilities - Regulated Electric subindustry, Equatorial MaranhaoDistribuidora de Energia's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Equatorial MaranhaoDistribuidora de Energia Return-on-Tangible-Asset vs Utilities - Regulated 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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 11.23% mean?
Equatorial MaranhaoDistribuidora de Energia (BSP:EQMA3B) has a Return-on-Tangible-Asset of 11.23% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Equatorial MaranhaoDistribuidora de Energia and its competitors. This is near median its historical median of 11.57. Over the past decade, Equatorial MaranhaoDistribuidora de Energia's Return-on-Tangible-Asset has ranged from 7.90 to 14.90. According to the industry distribution chart, Equatorial MaranhaoDistribuidora de Energia ranks #60 out of 508 companies in the Utilities - Regulated industry, placing it in the top 11.8%.
Is Equatorial MaranhaoDistribuidora de Energia's Return-on-Tangible-Asset too high?
Equatorial MaranhaoDistribuidora de Energia's current Return-on-Tangible-Asset of 11.23% is near median its 10-year median of 11.57. Over the past 10 years, this metric has ranged from a low of 7.90 to a high of 14.90. The Utilities - Regulated industry median Return-on-Tangible-Asset is 3.38. Equatorial MaranhaoDistribuidora de Energia's value of 11.23% is 232.2% above this industry median. Based on the distribution chart, Equatorial MaranhaoDistribuidora de Energia ranks #60 out of 508 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Equatorial MaranhaoDistribuidora de Energia has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Equatorial MaranhaoDistribuidora de Energia's Return-on-Tangible-Asset compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Equatorial MaranhaoDistribuidora de Energia ranks #60 out of 508 companies for Return-on-Tangible-Asset. This places Equatorial MaranhaoDistribuidora de Energia in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.38. Equatorial MaranhaoDistribuidora de Energia's value of 11.23% is 232.2% above this benchmark. Historically, Equatorial MaranhaoDistribuidora de Energia's own Return-on-Tangible-Asset has ranged from 7.90 to 14.90 over the past decade. While the company's 10-year median is 11.57 vs. the industry median of 3.38, Equatorial MaranhaoDistribuidora de Energia 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 an Utilities - Regulated company?
The median Return-on-Tangible-Asset among Utilities - Regulated companies is 3.38, based on 508 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. Equatorial MaranhaoDistribuidora de Energia's current Return-on-Tangible-Asset of 11.23% is 232.2% 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 Equatorial MaranhaoDistribuidora de Energia and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Asset is 3.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Equatorial MaranhaoDistribuidora de Energia's current Return-on-Tangible-Asset is 11.23%, which is near median its own 10-year median of 11.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Equatorial MaranhaoDistribuidora de Energia stock overvalued right now?
Based on GuruFocus' analysis, Equatorial MaranhaoDistribuidora de Energia (BSP:EQMA3B) is currently considered Modestly Undervalued. The stock's GF Value™ is R$34.37, compared to a current price of R$29.02 — trading 15.6% below its estimated fair value. The current Return-on-Tangible-Asset is 11.23%, which is near median its 10-year median of 11.57 and 232.2% above the Utilities - Regulated industry median of 3.38. Equatorial MaranhaoDistribuidora de Energia's overall GF Score™ is 78/100 with 6 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 Equatorial MaranhaoDistribuidora de Energia (BSP:EQMA3B), the current Return-on-Tangible-Asset is 11.23% 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 Equatorial MaranhaoDistribuidora de Energia (BSP:EQMA3B) Overvalued in 2026?
Based on GuruFocus' analysis, Equatorial MaranhaoDistribuidora de Energia stock appears to be undervalued.
The current stock price of R$29.02 is trading 15.6% below its estimated GF Value™ of R$34.37.
GuruFocus considers Equatorial MaranhaoDistribuidora de Energia to be Modestly Undervalued.
Key valuation signals for BSP:EQMA3B:
Return-on-Tangible-Asset: 11.23% (near median its 10-year median of 11.57)
GF Value™: R$34.37 vs. price of R$29.02 (15.6% below fair value)
Industry Position: 232.2% above the Utilities - Regulated median (#60 of 508)
No single metric tells the full story. See the BSP:EQMA3B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Equatorial MaranhaoDistribuidora de Energia SA develops, produces and generates electric power. The company distributes electric energy for residential, commercial, rural and industrial consumption, corporate, real estate, and public power customers in Brazil.
78GF 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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