Compass Gas E EnergiaBSP:PASS3 +3.32%24 Return-on-Tangible-Asset is 8.19% as of Mar. 2026, which is 29% below its 10-year median of 11.55. GuruFocus rates BSP:PASS3 with a GF Score™ of 24/100. The stock has 5 warning signs investors should review. Among 510 Utilities - Regulated companies, Compass Gas E Energia ranks better than 85.29% 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. Compass Gas E Energia's annualizedNet Income for the quarter that ended in Mar. 2026 was R$1,383 Mil. Compass Gas E Energia's average total tangible assets for the quarter that ended in Mar. 2026 was R$16,882 Mil. Therefore, Compass Gas E Energia's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 8.19%.
The historical rank and industry rank for Compass Gas E Energia's Return-on-Tangible-Asset or its related term are showing as below:
BSP:PASS3'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -309.32 Med: 11.55 Max: 29.76
Current: 7.71
During the past 9 years, Compass Gas E Energia's highest Return-on-Tangible-Asset was 29.76%. The lowest was -309.32%. And the median was 11.55%.
BSP:PASS3's Return-on-Tangible-Asset is ranked better than 85.29% of 510
companies
in the Utilities - Regulated industry
Industry Median: 3.3
vs BSP:PASS3: 7.71
Compass Gas E Energia (BSP:PASS3) 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.
Compass Gas E Energia Return-on-Tangible-Asset Related Terms
Compass Gas E Energia Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Compass Gas E Energia'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.
Compass Gas E Energia Return-on-Tangible-Asset Chart
BSP:PASS3 vs ATO, NI, UGI: Return-on-Tangible-Asset Comparison
For the Utilities - Regulated Gas subindustry, Compass Gas E Energia'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.
Compass Gas E Energia Return-on-Tangible-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Compass Gas E Energia's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Compass Gas E Energia'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 8.19% mean?
Compass Gas E Energia (BSP:PASS3) has a Return-on-Tangible-Asset of 8.19% 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 Compass Gas E Energia and its competitors. This is 29% below median its historical median of 11.55. According to the industry distribution chart, Compass Gas E Energia ranks #75 out of 510 companies in the Utilities - Regulated industry, placing it in the top 14.7%.
Is Compass Gas E Energia's Return-on-Tangible-Asset too high?
Compass Gas E Energia's current Return-on-Tangible-Asset of 8.19% is 29% below median its 10-year median of 11.55. The Utilities - Regulated industry median Return-on-Tangible-Asset is 3.30. Compass Gas E Energia's value of 8.19% is 148.2% above this industry median. Based on the distribution chart, Compass Gas E Energia ranks #75 out of 510 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Compass Gas E Energia has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Compass Gas E Energia's Return-on-Tangible-Asset compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Compass Gas E Energia ranks #75 out of 510 companies for Return-on-Tangible-Asset. This places Compass Gas E Energia in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.30. Compass Gas E Energia's value of 8.19% is 148.2% above this benchmark. While the company's 10-year median is 11.55 vs. the industry median of 3.30, Compass Gas E Energia 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 an Utilities - Regulated company?
The median Return-on-Tangible-Asset among Utilities - Regulated companies is 3.30, based on 510 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. Compass Gas E Energia's current Return-on-Tangible-Asset of 8.19% is 148.2% 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 Compass Gas E Energia and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Asset is 3.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Compass Gas E Energia's current Return-on-Tangible-Asset is 8.19%, which is 29% below median its own 10-year median of 11.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Compass Gas E Energia stock overvalued right now?
Compass Gas E Energia (BSP:PASS3) has a current Return-on-Tangible-Asset of 8.19%. The current Return-on-Tangible-Asset is 8.19%, which is 29% below median its 10-year median of 11.55 and 148.2% above the Utilities - Regulated industry median of 3.30. Compass Gas E Energia's overall GF Score™ is 24/100 with 5 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 Compass Gas E Energia (BSP:PASS3), the current Return-on-Tangible-Asset is 8.19% 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.
Compass Gas E Energia SA is focused on natural gas distribution, through Comgas; infrastructure and origination of gas, having access to the competitive supply of pre-salt gas and importing liquefied natural gas (LNG); gas trading, optimizing supply and demand portfolio, building diversification, flexibility, and competitiveness; and gas-powered thermal generation and energy trading, transforming gas into electricity. It operates in two segments: Gas distribution and Marketing & services. The majority of revenue is generated from the Gas distribution segment. The majority of revenue comes from the Sales of gas distribution and energy commercialization.
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