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Itausa Investimentos ITAUBSP:ITSA4 -1.01%75 Return-on-Tangible-Asset is 15.75% as of Mar. 2026, which is 7% above its 10-year median of 14.66. GuruFocus rates BSP:ITSA4 with a GF Score™ of 75/100 and a GF Value™ of R$10.30 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 570 Conglomerates companies, Itausa Investimentos ITAU ranks better than 95.61% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Itausa Investimentos ITAU's annualizedNet Income for the quarter that ended in Mar. 2026 was R$17,640 Mil. Itausa Investimentos ITAU's average total tangible assets for the quarter that ended in Mar. 2026 was R$112,015 Mil. Therefore, Itausa Investimentos ITAU's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 15.75%.
The historical rank and industry rank for Itausa Investimentos ITAU's Return-on-Tangible-Asset or its related term are showing as below:
BSP:ITSA4'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 10.18 Med: 14.66 Max: 15.58
Current: 15.13
During the past 13 years, Itausa Investimentos ITAU's highest Return-on-Tangible-Asset was 15.58%. The lowest was 10.18%. And the median was 14.66%.
BSP:ITSA4's Return-on-Tangible-Asset is ranked better than 95.61% of 570
companies
in the Conglomerates industry
Industry Median: 2.735
vs BSP:ITSA4: 15.13
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.
Itausa Investimentos ITAU Return-on-Tangible-Asset Related Terms
Itausa Investimentos ITAU Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Itausa Investimentos ITAU's Return-on-Tangible-Asset 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.
BSP:ITSA4 vs HON, MMM: Return-on-Tangible-Asset Comparison
For the Conglomerates subindustry, Itausa Investimentos ITAU'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.
Itausa Investimentos ITAU Return-on-Tangible-Asset vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Itausa Investimentos ITAU's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Itausa Investimentos ITAU's Return-on-Tangible-Asset 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 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 15.75% mean?
Itausa Investimentos ITAU (BSP:ITSA4) has a Return-on-Tangible-Asset of 15.75% 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 Itausa Investimentos ITAU and its competitors. This is near median its historical median of 14.66. Over the past decade, Itausa Investimentos ITAU's Return-on-Tangible-Asset has ranged from 10.18 to 15.58. According to the industry distribution chart, Itausa Investimentos ITAU ranks #25 out of 570 companies in the Conglomerates industry, placing it in the top 4.4%.
Is Itausa Investimentos ITAU's Return-on-Tangible-Asset too high?
Itausa Investimentos ITAU's current Return-on-Tangible-Asset of 15.75% is near median its 10-year median of 14.66. Over the past 10 years, this metric has ranged from a low of 10.18 to a high of 15.58. The Conglomerates industry median Return-on-Tangible-Asset is 2.74. Itausa Investimentos ITAU's value of 15.75% is 475.9% above this industry median. Based on the distribution chart, Itausa Investimentos ITAU ranks #25 out of 570 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Itausa Investimentos ITAU has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Itausa Investimentos ITAU's Return-on-Tangible-Asset compare to HON and MMM?
According to the Conglomerates industry distribution chart, Itausa Investimentos ITAU ranks #25 out of 570 companies for Return-on-Tangible-Asset. This places Itausa Investimentos ITAU in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.74. Itausa Investimentos ITAU's value of 15.75% is 475.9% above this benchmark. Historically, Itausa Investimentos ITAU's own Return-on-Tangible-Asset has ranged from 10.18 to 15.58 over the past decade. While the company's 10-year median is 14.66 vs. the industry median of 2.74, Itausa Investimentos ITAU 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 Conglomerates company?
The median Return-on-Tangible-Asset among Conglomerates companies is 2.74, based on 570 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. Itausa Investimentos ITAU's current Return-on-Tangible-Asset of 15.75% is 475.9% 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 Itausa Investimentos ITAU and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Asset is 2.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Itausa Investimentos ITAU's current Return-on-Tangible-Asset is 15.75%, which is near median its own 10-year median of 14.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Itausa Investimentos ITAU stock overvalued right now?
Based on GuruFocus' analysis, Itausa Investimentos ITAU (BSP:ITSA4) is currently considered Significantly Overvalued. The stock's GF Value™ is R$10.30, compared to a current price of R$13.79 — trading 33.9% above its estimated fair value. The current Return-on-Tangible-Asset is 15.75%, which is near median its 10-year median of 14.66 and 475.9% above the Conglomerates industry median of 2.74. Itausa Investimentos ITAU's overall GF Score™ is 75/100 with 9 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 Itausa Investimentos ITAU (BSP:ITSA4), the current Return-on-Tangible-Asset is 15.75% 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 Itausa Investimentos ITAU (BSP:ITSA4) Overvalued in 2026?
Based on GuruFocus' analysis, Itausa Investimentos ITAU stock appears to be overvalued.
The current stock price of R$13.79 is trading 33.9% above its estimated GF Value™ of R$10.30.
GuruFocus considers Itausa Investimentos ITAU to be Significantly Overvalued.
Key valuation signals for BSP:ITSA4:
Return-on-Tangible-Asset: 15.75% (near median its 10-year median of 14.66)
GF Value™: R$10.30 vs. price of R$13.79 (33.9% above fair value)
Industry Position: 475.9% above the Conglomerates median (#25 of 570)
No single metric tells the full story. See the BSP:ITSA4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Itausa Investimentos ITAU SA is a Brazilian investment holding company. The purpose of the company is to hold equity interests in other companies, in Brazil or abroad, for investment in any sectors of the economy, including through investment funds, disseminating among its investees its principles of appreciation of human capital, governance, and ethics in business. Its portfolio consists of brands such as Itau Unibanco, Motiva, Alpargatas, Aegea, Copa Energia, and Nova Transportadora do Sudeste (NTS). The majority of the revenue for the company is generated from Itau Unibanco, which is a banking institution that offers, directly or using its subsidiaries, a broad range of credit products and other financial services to a diversified individual & corporate client base in Brazil and abroad.
75GF Score
Get the complete analysis for BSP:ITSA4
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