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Itau Unibanco HoldingBSP:ITUB4 -1.39%65 Return-on-Tangible-Asset is 1.50% as of Mar. 2026, which is 3% below its 10-year median of 1.54. GuruFocus rates BSP:ITUB4 with a GF Score™ of 65/100 and a GF Value™ of R$31.11 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,527 Banks companies, Itau Unibanco Holding ranks better than 78.45% 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. Itau Unibanco Holding's annualizedNet Income for the quarter that ended in Mar. 2026 was R$46,544 Mil. Itau Unibanco Holding's average total tangible assets for the quarter that ended in Mar. 2026 was R$3,093,555 Mil. Therefore, Itau Unibanco Holding's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.50%.
The historical rank and industry rank for Itau Unibanco Holding's Return-on-Tangible-Asset or its related term are showing as below:
BSP:ITUB4'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.04 Med: 1.54 Max: 1.72
Current: 1.56
During the past 13 years, Itau Unibanco Holding's highest Return-on-Tangible-Asset was 1.72%. The lowest was 1.04%. And the median was 1.54%.
BSP:ITUB4's Return-on-Tangible-Asset is ranked better than 78.45% of 1527
companies
in the Banks industry
Industry Median: 0.99
vs BSP:ITUB4: 1.56
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.
Itau Unibanco Holding Return-on-Tangible-Asset Related Terms
Itau Unibanco Holding Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Itau Unibanco Holding'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.
For the Banks - Regional subindustry, Itau Unibanco Holding'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.
Itau Unibanco Holding Return-on-Tangible-Asset vs Banks Industry
For the Banks industry and Financial Services sector, Itau Unibanco Holding's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Itau Unibanco Holding'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 1.50% mean?
Itau Unibanco Holding (BSP:ITUB4) has a Return-on-Tangible-Asset of 1.50% 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 Itau Unibanco Holding and its competitors. This is near median its historical median of 1.54. Over the past decade, Itau Unibanco Holding's Return-on-Tangible-Asset has ranged from 1.04 to 1.72. According to the industry distribution chart, Itau Unibanco Holding ranks #329 out of 1527 companies in the Banks industry, placing it in the top 21.5%.
Is Itau Unibanco Holding's Return-on-Tangible-Asset too high?
Itau Unibanco Holding's current Return-on-Tangible-Asset of 1.50% is near median its 10-year median of 1.54. Over the past 10 years, this metric has ranged from a low of 1.04 to a high of 1.72. The Banks industry median Return-on-Tangible-Asset is 0.99. Itau Unibanco Holding's value of 1.50% is 51.5% above this industry median. Based on the distribution chart, Itau Unibanco Holding ranks #329 out of 1527 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Itau Unibanco Holding has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Itau Unibanco Holding's Return-on-Tangible-Asset compare to competitors?
According to the Banks industry distribution chart, Itau Unibanco Holding ranks #329 out of 1527 companies for Return-on-Tangible-Asset. This places Itau Unibanco Holding in the top 22% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 0.99. Itau Unibanco Holding's value of 1.50% is 51.5% above this benchmark. Historically, Itau Unibanco Holding's own Return-on-Tangible-Asset has ranged from 1.04 to 1.72 over the past decade. While the company's 10-year median is 1.54 vs. the industry median of 0.99, Itau Unibanco Holding 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 Banks company?
The median Return-on-Tangible-Asset among Banks companies is 0.99, based on 1,527 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. Itau Unibanco Holding's current Return-on-Tangible-Asset of 1.50% is 51.5% 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 Itau Unibanco Holding and its competitors. For the Banks industry, the median Return-on-Tangible-Asset is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Itau Unibanco Holding's current Return-on-Tangible-Asset is 1.50%, which is near median its own 10-year median of 1.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Itau Unibanco Holding stock overvalued right now?
Based on GuruFocus' analysis, Itau Unibanco Holding (BSP:ITUB4) is currently considered Significantly Overvalued. The stock's GF Value™ is R$31.11, compared to a current price of R$41.96 — trading 34.9% above its estimated fair value. The current Return-on-Tangible-Asset is 1.50%, which is near median its 10-year median of 1.54 and 51.5% above the Banks industry median of 0.99. Itau Unibanco Holding's overall GF Score™ is 65/100 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 Itau Unibanco Holding (BSP:ITUB4), the current Return-on-Tangible-Asset is 1.50% 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 Itau Unibanco Holding (BSP:ITUB4) Overvalued in 2026?
Based on GuruFocus' analysis, Itau Unibanco Holding stock appears to be overvalued.
The current stock price of R$41.96 is trading 34.9% above its estimated GF Value™ of R$31.11.
GuruFocus considers Itau Unibanco Holding to be Significantly Overvalued.
Key valuation signals for BSP:ITUB4:
Return-on-Tangible-Asset: 1.50% (near median its 10-year median of 1.54)
GF Value™: R$31.11 vs. price of R$41.96 (34.9% above fair value)
Industry Position: 51.5% above the Banks median (#329 of 1527)
No single metric tells the full story. See the BSP:ITUB4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Itaú Unibanco is the largest privately held bank in Brazil, the result of the 2008 merger between Banco Itaú and Unibanco. In addition to Brazil, the bank has significant operations in Chile, Colombia, Argentina, Uruguay, and Paraguay. Itaú's commercial and consumer loans account for 35% and 43% of the bank's total loans, respectively, while foreign loans account for 22% of its portfolio as of the end of 2025. The bank also operates the fifth-largest insurer in Brazil and is the second-largest asset manager in the country, giving it broad reach over the Brazilian financial system.
65GF Score
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