Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario (BSP:PMFO11) Return-on-Tangible-Asset: 20.80% (As of Dec. 2025)— 216% Above Median
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BSP:PMFO11's Return-on-Tangible-Asset is ranked better than 87.54% of 1637
companies
in the Asset Management industry
Industry Median: 4.23
vs BSP:PMFO11: 20.80
Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario (BSP:PMFO11) 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.
Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario Return-on-Tangible-Asset Related Terms
Speciale Real Estate Fund of Funds 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.
Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario Return-on-Tangible-Asset Chart
Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario Annual Data
Trend
Dec23
Dec24
Dec25
Return-on-Tangible-Asset
0.00
-7.64
20.80
Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario Semi-Annual Data
Dec23
Dec24
Dec25
Return-on-Tangible-Asset
0.00
-7.64
20.80
BSP:PMFO11 vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
* 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.
Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario Return-on-Tangible-Asset vs Asset Management 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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 20.80% mean?
Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario (BSP:PMFO11) has a Return-on-Tangible-Asset of 20.80% 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 Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario and its competitors. This is 216% above median its historical median of 6.58. According to the industry distribution chart, Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario ranks #204 out of 1637 companies in the Asset Management industry, placing it in the top 12.5%.
Is Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario's Return-on-Tangible-Asset too high?
Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario's current Return-on-Tangible-Asset of 20.80% is 216% above median its 10-year median of 6.58. The Asset Management industry median Return-on-Tangible-Asset is 4.23. Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario's value of 20.80% is 391.7% above this industry median. Based on the distribution chart, Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario ranks #204 out of 1637 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario ranks #204 out of 1637 companies for Return-on-Tangible-Asset. This places Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario in the top 13% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.23. Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario's value of 20.80% is 391.7% above this benchmark. While the company's 10-year median is 6.58 vs. the industry median of 4.23, Speciale Real Estate Fund of Funds 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 an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.23, based on 1,637 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. Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario's current Return-on-Tangible-Asset of 20.80% is 391.7% 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 Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario's current Return-on-Tangible-Asset is 20.80%, which is 216% above median its own 10-year median of 6.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario stock overvalued right now?
Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario (BSP:PMFO11) has a current Return-on-Tangible-Asset of 20.80%. The current Return-on-Tangible-Asset is 20.80%, which is 216% above median its 10-year median of 6.58 and 391.7% above the Asset Management industry median of 4.23. Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario's overall GF Score™ is 9/100 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 Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario (BSP:PMFO11), the current Return-on-Tangible-Asset is 20.80% 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.
Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario Business Description
AddressAvenida Paulista 1793, São Paulo, SP, BRA, CEP 1311200
Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario is a fund classified as an Active Management FII and is intended to business segment which is Bonds and Securities. The purpose of the FUND is to invest in following securities, subject to the requirements and provisions relating to the investments contained in the Regulation shares of other real estate investment funds (FII), primarily mortgage bills (LH), real estate letters of credit (LCI),real estate receivables.
9GF Score
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