Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii (BSP:JASC11) Return-on-Tangible-Asset: 7.82% (As of Dec. 2025) — 27% Below Median

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Director of Data and Quant Analytics at GuruFocus
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BSP:JASC11 Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii BSP:JASC11
44 GF Score
Price R$99.28
GF Value R$177.17
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii Return-on-Tangible-Asset?

Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii BSP:JASC11 44 Return-on-Tangible-Asset is 7.82% as of Dec. 2025, which is 27% below its 10-year median of 10.71. GuruFocus rates BSP:JASC11 with a GF Score™ of 44/100 and a GF Value™ of R$177.17 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 939 REITs companies, Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii ranks better than 79.45% 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. Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii's annualized Net Income for the quarter that ended in Dec. 2025 was R$32.68 Mil. Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii's average total tangible assets for the quarter that ended in Dec. 2025 was R$418.13 Mil. Therefore, Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 7.82%.

The historical rank and industry rank for Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii's Return-on-Tangible-Asset or its related term are showing as below:

BSP:JASC11' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -9.85   Med: 10.71   Max: 16.02
Current: 7.82

During the past 5 years, Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii's highest Return-on-Tangible-Asset was 16.02%. The lowest was -9.85%. And the median was 10.71%.

BSP:JASC11's Return-on-Tangible-Asset is ranked better than
79.45% of 939 companies
in the REITs industry
Industry Median: 3.27 vs BSP:JASC11: 7.82

Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii  (BSP:JASC11) 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 company’s 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 company’s 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.


Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii Return-on-Tangible-Asset Related Terms


Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii'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.

Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii Return-on-Tangible-Asset Chart

Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
16.02 -9.85 10.71 11.91 7.82

Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii Semi-Annual Data
Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset 16.02 -9.85 10.71 11.91 7.82

BSP:JASC11 vs EQIX, AMT, DLR: Return-on-Tangible-Asset Comparison

For the REIT - Specialty subindustry, Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii'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.


Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii Return-on-Tangible-Asset vs REITs Industry

For the REITs industry and Real Estate sector, Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii's Return-on-Tangible-Asset falls into.


BSP:JASC11
44GF Score
Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii BSP:JASC11
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii Return-on-Tangible-Asset Calculation

Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=32.68/( (395.216+441.04)/ 2 )
=32.68/418.128
=7.82 %

Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Dec. 2024 )(Q: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Dec. 2024 )(Q: Dec. 2025 )
=32.68/( (395.216+441.04)/ 2 )
=32.68/418.128
=7.82 %

* 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 (Dec. 2025) net income data.

What does a Return-on-Tangible-Asset of 7.82% mean?
Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii (BSP:JASC11) has a Return-on-Tangible-Asset of 7.82% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii and its competitors. This is 27% below median its historical median of 10.71. According to the industry distribution chart, Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii ranks #193 out of 939 companies in the REITs industry, placing it in the top 20.6%.
Is Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii's Return-on-Tangible-Asset too high?
Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii's current Return-on-Tangible-Asset of 7.82% is 27% below median its 10-year median of 10.71. The REITs industry median Return-on-Tangible-Asset is 3.27. Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii's value of 7.82% is 139.1% above this industry median. Based on the distribution chart, Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii ranks #193 out of 939 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii has a GF Score™ of 44/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii's Return-on-Tangible-Asset compare to EQIX and AMT?
According to the REITs industry distribution chart, Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii ranks #193 out of 939 companies for Return-on-Tangible-Asset. This places Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.27. Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii's value of 7.82% is 139.1% above this benchmark. While the company's 10-year median is 10.71 vs. the industry median of 3.27, Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii 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 REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.27, based on 939 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. Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii's current Return-on-Tangible-Asset of 7.82% is 139.1% 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 Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii's current Return-on-Tangible-Asset is 7.82%, which is 27% below median its own 10-year median of 10.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii stock overvalued right now?
Based on GuruFocus' analysis, Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii (BSP:JASC11) is currently considered Significantly Undervalued. The stock's GF Value™ is R$177.17, compared to a current price of R$99.28 — trading 44% below its estimated fair value. The current Return-on-Tangible-Asset is 7.82%, which is 27% below median its 10-year median of 10.71 and 139.1% above the REITs industry median of 3.27. Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii's overall GF Score™ is 44/100 with 2 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 Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii (BSP:JASC11), the current Return-on-Tangible-Asset is 7.82% as of Dec. 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 Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii (BSP:JASC11) Overvalued in 2026?

Based on GuruFocus' analysis, Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii stock appears to be undervalued. The current stock price of R$99.28 is trading 44% below its estimated GF Value™ of R$177.17. GuruFocus considers Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii to be Significantly Undervalued.

Key valuation signals for BSP:JASC11:

  • Return-on-Tangible-Asset: 7.82% (27% below median its 10-year median of 10.71)
  • GF Value™: R$177.17 vs. price of R$99.28 (44% below fair value)
  • GF Score™: 44/100 with 2 warning signs
  • Industry Position: 139.1% above the REITs median (#193 of 939)

No single metric tells the full story. See the BSP:JASC11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii Business Description

Industry Real EstateREITs
Address Rua Iguatemi, n 151, 19th Floor, Itaim Bibi, Sao Paulo, SP, BRA, 01451-011
Jasc Renda Varejo Essencial Fundo De Investimento Imobiliario - Fii acquires a fraction or all of the Real Estate Assets in which to invest or even develop them individually or jointly with third parties, either in a condominium or in partnership. The Fund's objective is to obtain income, through the investment of Shareholders' Equity in commercial exploitation, through leasing, and assignment of rights.
44GF Score

Get the complete analysis for BSP:JASC11

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$99.28
Price
R$177.17
GF Value