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Hgi Creditos Imobiliarios Fundo DE Investimento (BSP:HGIC11) 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.
Hgi Creditos Imobiliarios Fundo DE Investimento Return-on-Tangible-Asset Related Terms
Hgi Creditos Imobiliarios Fundo DE Investimento 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.
Hgi Creditos Imobiliarios Fundo DE Investimento Return-on-Tangible-Asset Chart
Hgi Creditos Imobiliarios Fundo DE Investimento Annual Data
Trend
Jun21
Jun22
Jun23
Jun24
Jun25
Return-on-Tangible-Asset
2.73
21.30
15.61
6.76
6.52
Hgi Creditos Imobiliarios Fundo DE Investimento Semi-Annual Data
Jun21
Jun22
Jun23
Jun24
Jun25
Return-on-Tangible-Asset
5.46
0.00
14.86
0.00
0.00
BSP:HGIC11 vs VICI, WPC: Return-on-Tangible-Asset Comparison
For the REIT - Diversified subindustry, Hgi Creditos Imobiliarios Fundo DE Investimento'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.
Hgi Creditos Imobiliarios Fundo DE Investimento 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 two times the semi-annual (Jun. 2025) net income data.
What does a Return-on-Tangible-Asset of 0.00% mean?
Hgi Creditos Imobiliarios Fundo DE Investimento (BSP:HGIC11) has a Return-on-Tangible-Asset of 0.00% 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 Hgi Creditos Imobiliarios Fundo DE Investimento and its competitors. Over the past decade, Hgi Creditos Imobiliarios Fundo DE Investimento's Return-on-Tangible-Asset has ranged from 2.73 to 21.30. According to the industry distribution chart, Hgi Creditos Imobiliarios Fundo DE Investimento ranks #226 out of 923 companies in the REITs industry, placing it in the top 24.5%.
Is Hgi Creditos Imobiliarios Fundo DE Investimento's Return-on-Tangible-Asset too high?
Hgi Creditos Imobiliarios Fundo DE Investimento's current Return-on-Tangible-Asset is 0.00%. Over the past 10 years, this metric has ranged from a low of 2.73 to a high of 21.30. Based on the distribution chart, Hgi Creditos Imobiliarios Fundo DE Investimento ranks #226 out of 923 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Hgi Creditos Imobiliarios Fundo DE Investimento has a GF Score™ of 52/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hgi Creditos Imobiliarios Fundo DE Investimento's Return-on-Tangible-Asset compare to VICI and WPC?
According to the REITs industry distribution chart, Hgi Creditos Imobiliarios Fundo DE Investimento ranks #226 out of 923 companies for Return-on-Tangible-Asset. This places Hgi Creditos Imobiliarios Fundo DE Investimento in the top 25% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.31. Historically, Hgi Creditos Imobiliarios Fundo DE Investimento's own Return-on-Tangible-Asset has ranged from 2.73 to 21.30 over the past decade. 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 3.31, based on 923 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. 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 Hgi Creditos Imobiliarios Fundo DE Investimento and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hgi Creditos Imobiliarios Fundo DE Investimento's current Return-on-Tangible-Asset is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hgi Creditos Imobiliarios Fundo DE Investimento stock overvalued right now?
Based on GuruFocus' analysis, Hgi Creditos Imobiliarios Fundo DE Investimento (BSP:HGIC11) is currently considered Modestly Undervalued. The stock's GF Value™ is R$60.21, compared to a current price of R$50.05 — trading 16.9% below its estimated fair value. The current Return-on-Tangible-Asset is 0.00%. Hgi Creditos Imobiliarios Fundo DE Investimento's overall GF Score™ is 52/100 with 3 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 Hgi Creditos Imobiliarios Fundo DE Investimento (BSP:HGIC11), the current Return-on-Tangible-Asset is 0.00% 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 Hgi Creditos Imobiliarios Fundo DE Investimento (BSP:HGIC11) Overvalued in 2026?
Based on GuruFocus' analysis, Hgi Creditos Imobiliarios Fundo DE Investimento stock appears to be undervalued.
The current stock price of R$50.05 is trading 16.9% below its estimated GF Value™ of R$60.21.
GuruFocus considers Hgi Creditos Imobiliarios Fundo DE Investimento to be Modestly Undervalued.
Key valuation signals for BSP:HGIC11:
Return-on-Tangible-Asset: 0.00%
GF Value™: R$60.21 vs. price of R$50.05 (16.9% below fair value)
No single metric tells the full story. See the BSP:HGIC11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hgi Creditos Imobiliarios Fundo DE Investimento aims to obtain income and provide shareholders with the appreciation of their shares, through investment in Real Estate Credits.
52GF Score
Get the complete analysis for BSP:HGIC11
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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