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BSP:HREC11's Return-on-Tangible-Asset is ranked better than 90.78% of 1801
companies
in the Real Estate industry
Industry Median: 1.72
vs BSP:HREC11: 8.90
Hedge Recebiveis Fundo DE Investimento Imobiliario (BSP:HREC11) 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.
Hedge Recebiveis Fundo DE Investimento Imobiliario Return-on-Tangible-Asset Related Terms
Hedge Recebiveis Fundo DE Investimento Imobiliario 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.
Hedge Recebiveis Fundo DE Investimento Imobiliario Return-on-Tangible-Asset Chart
Hedge Recebiveis Fundo DE Investimento Imobiliario Annual Data
Trend
Jun21
Jun22
Jun23
Jun24
Jun25
Return-on-Tangible-Asset
0.00
9.21
13.30
5.46
8.90
Hedge Recebiveis Fundo DE Investimento Imobiliario Semi-Annual Data
Jun21
Jun22
Jun23
Jun24
Jun25
Return-on-Tangible-Asset
0.00
9.21
13.30
5.46
8.90
Hedge Recebiveis Fundo DE Investimento Imobiliario Return-on-Tangible-Asset Competitor Comparison
For the Real Estate - Diversified subindustry, Hedge Recebiveis Fundo DE Investimento Imobiliario'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.
Hedge Recebiveis Fundo DE Investimento Imobiliario Return-on-Tangible-Asset vs Real Estate 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 8.90% mean?
Hedge Recebiveis Fundo DE Investimento Imobiliario (BSP:HREC11) has a Return-on-Tangible-Asset of 8.90% 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 Hedge Recebiveis Fundo DE Investimento Imobiliario and its competitors. This is near median its historical median of 9.06. Over the past decade, Hedge Recebiveis Fundo DE Investimento Imobiliario's Return-on-Tangible-Asset has ranged from 5.46 to 13.30. According to the industry distribution chart, Hedge Recebiveis Fundo DE Investimento Imobiliario ranks #166 out of 1801 companies in the Real Estate industry, placing it in the top 9.2%.
Is Hedge Recebiveis Fundo DE Investimento Imobiliario's Return-on-Tangible-Asset too high?
Hedge Recebiveis Fundo DE Investimento Imobiliario's current Return-on-Tangible-Asset of 8.90% is near median its 10-year median of 9.06. Over the past 10 years, this metric has ranged from a low of 5.46 to a high of 13.30. The Real Estate industry median Return-on-Tangible-Asset is 1.72. Hedge Recebiveis Fundo DE Investimento Imobiliario's value of 8.90% is 417.4% above this industry median. Based on the distribution chart, Hedge Recebiveis Fundo DE Investimento Imobiliario ranks #166 out of 1801 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Hedge Recebiveis Fundo DE Investimento Imobiliario has a GF Score™ of 49/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hedge Recebiveis Fundo DE Investimento Imobiliario's Return-on-Tangible-Asset compare to competitors?
According to the Real Estate industry distribution chart, Hedge Recebiveis Fundo DE Investimento Imobiliario ranks #166 out of 1801 companies for Return-on-Tangible-Asset. This places Hedge Recebiveis Fundo DE Investimento Imobiliario in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.72. Hedge Recebiveis Fundo DE Investimento Imobiliario's value of 8.90% is 417.4% above this benchmark. Historically, Hedge Recebiveis Fundo DE Investimento Imobiliario's own Return-on-Tangible-Asset has ranged from 5.46 to 13.30 over the past decade. While the company's 10-year median is 9.06 vs. the industry median of 1.72, Hedge Recebiveis Fundo DE Investimento Imobiliario 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 Real Estate company?
The median Return-on-Tangible-Asset among Real Estate companies is 1.72, based on 1,801 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. Hedge Recebiveis Fundo DE Investimento Imobiliario's current Return-on-Tangible-Asset of 8.90% is 417.4% 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 Hedge Recebiveis Fundo DE Investimento Imobiliario and its competitors. For the Real Estate industry, the median Return-on-Tangible-Asset is 1.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hedge Recebiveis Fundo DE Investimento Imobiliario's current Return-on-Tangible-Asset is 8.90%, which is near median its own 10-year median of 9.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hedge Recebiveis Fundo DE Investimento Imobiliario stock overvalued right now?
Based on GuruFocus' analysis, Hedge Recebiveis Fundo DE Investimento Imobiliario (BSP:HREC11) is currently considered Significantly Undervalued. The stock's GF Value™ is R$14.48, compared to a current price of R$8.30 — trading 42.7% below its estimated fair value. The current Return-on-Tangible-Asset is 8.90%, which is near median its 10-year median of 9.06 and 417.4% above the Real Estate industry median of 1.72. Hedge Recebiveis Fundo DE Investimento Imobiliario's overall GF Score™ is 49/100 with 1 warning sign 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 Hedge Recebiveis Fundo DE Investimento Imobiliario (BSP:HREC11), the current Return-on-Tangible-Asset is 8.90% 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 Hedge Recebiveis Fundo DE Investimento Imobiliario (BSP:HREC11) Overvalued in 2026?
Based on GuruFocus' analysis, Hedge Recebiveis Fundo DE Investimento Imobiliario stock appears to be undervalued.
The current stock price of R$8.30 is trading 42.7% below its estimated GF Value™ of R$14.48.
GuruFocus considers Hedge Recebiveis Fundo DE Investimento Imobiliario to be Significantly Undervalued.
Key valuation signals for BSP:HREC11:
Return-on-Tangible-Asset: 8.90% (near median its 10-year median of 9.06)
GF Value™: R$14.48 vs. price of R$8.30 (42.7% below fair value)
Industry Position: 417.4% above the Real Estate median (#166 of 1801)
No single metric tells the full story. See the BSP:HREC11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hedge Recebiveis Fundo DE Investimento Imobiliario aims to provide its shareholders with the appreciation and profitability of their shares in the long term, through investment in Real Estate Receivable Certificates.
49GF Score
Get the complete analysis for BSP:HREC11
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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