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BSP:PMLL11's Return-on-Tangible-Asset is ranked better than 56.81% of 933
companies
in the REITs industry
Industry Median: 3.27
vs BSP:PMLL11: 3.95
Patria Malls Fundo de Investimento Imobiliario Responsabilidade (BSP:PMLL11) 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.
Patria Malls Fundo de Investimento Imobiliario Responsabilidade Return-on-Tangible-Asset Related Terms
Patria Malls Fundo de Investimento Imobiliario Responsabilidade 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.
Patria Malls Fundo de Investimento Imobiliario Responsabilidade Return-on-Tangible-Asset Chart
Patria Malls Fundo de Investimento Imobiliario Responsabilidade Annual Data
* 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.
Patria Malls Fundo de Investimento Imobiliario Responsabilidade Return-on-Tangible-Asset vs REITs 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 3.95% mean?
Patria Malls Fundo de Investimento Imobiliario Responsabilidade (BSP:PMLL11) has a Return-on-Tangible-Asset of 3.95% 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 Patria Malls Fundo de Investimento Imobiliario Responsabilidade and its competitors. This is 55% below median its historical median of 8.82. Over the past decade, Patria Malls Fundo de Investimento Imobiliario Responsabilidade's Return-on-Tangible-Asset has ranged from 0.02 to 22.13. According to the industry distribution chart, Patria Malls Fundo de Investimento Imobiliario Responsabilidade ranks #403 out of 933 companies in the REITs industry, placing it in the top 43.2%.
Is Patria Malls Fundo de Investimento Imobiliario Responsabilidade's Return-on-Tangible-Asset too high?
Patria Malls Fundo de Investimento Imobiliario Responsabilidade's current Return-on-Tangible-Asset of 3.95% is 55% below median its 10-year median of 8.82. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 22.13. The REITs industry median Return-on-Tangible-Asset is 3.27. Patria Malls Fundo de Investimento Imobiliario Responsabilidade's value of 3.95% is 20.8% above this industry median. Based on the distribution chart, Patria Malls Fundo de Investimento Imobiliario Responsabilidade ranks #403 out of 933 companies in the REITs industry, which is above the industry midpoint. Overall, Patria Malls Fundo de Investimento Imobiliario Responsabilidade has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Patria Malls Fundo de Investimento Imobiliario Responsabilidade's Return-on-Tangible-Asset compare to SPG and O?
According to the REITs industry distribution chart, Patria Malls Fundo de Investimento Imobiliario Responsabilidade ranks #403 out of 933 companies for Return-on-Tangible-Asset. This puts Patria Malls Fundo de Investimento Imobiliario Responsabilidade in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.27. Patria Malls Fundo de Investimento Imobiliario Responsabilidade's value of 3.95% is 20.8% above this benchmark. Historically, Patria Malls Fundo de Investimento Imobiliario Responsabilidade's own Return-on-Tangible-Asset has ranged from 0.02 to 22.13 over the past decade. While the company's 10-year median is 8.82 vs. the industry median of 3.27, Patria Malls Fundo de Investimento Imobiliario Responsabilidade 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 933 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. Patria Malls Fundo de Investimento Imobiliario Responsabilidade's current Return-on-Tangible-Asset of 3.95% is 20.8% 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 Patria Malls Fundo de Investimento Imobiliario Responsabilidade 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. Patria Malls Fundo de Investimento Imobiliario Responsabilidade's current Return-on-Tangible-Asset is 3.95%, which is 55% below median its own 10-year median of 8.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Patria Malls Fundo de Investimento Imobiliario Responsabilidade stock overvalued right now?
Based on GuruFocus' analysis, Patria Malls Fundo de Investimento Imobiliario Responsabilidade (BSP:PMLL11) is currently considered Modestly Undervalued. The stock's GF Value™ is R$125.84, compared to a current price of R$101.25 — trading 19.5% below its estimated fair value. The current Return-on-Tangible-Asset is 3.95%, which is 55% below median its 10-year median of 8.82 and 20.8% above the REITs industry median of 3.27. Patria Malls Fundo de Investimento Imobiliario Responsabilidade's overall GF Score™ is 80/100 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 Patria Malls Fundo de Investimento Imobiliario Responsabilidade (BSP:PMLL11), the current Return-on-Tangible-Asset is 3.95% 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 Patria Malls Fundo de Investimento Imobiliario Responsabilidade (BSP:PMLL11) Overvalued in 2026?
Based on GuruFocus' analysis, Patria Malls Fundo de Investimento Imobiliario Responsabilidade stock appears to be undervalued.
The current stock price of R$101.25 is trading 19.5% below its estimated GF Value™ of R$125.84.
GuruFocus considers Patria Malls Fundo de Investimento Imobiliario Responsabilidade to be Modestly Undervalued.
Key valuation signals for BSP:PMLL11:
Return-on-Tangible-Asset: 3.95% (55% below median its 10-year median of 8.82)
GF Value™: R$125.84 vs. price of R$101.25 (19.5% below fair value)
Industry Position: 20.8% above the REITs median (#403 of 933)
No single metric tells the full story. See the BSP:PMLL11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Patria Malls Fundo de Investimento Imobiliario Responsabilidade Business Description
Patria Malls Fundo de Investimento Imobiliario Responsabilidade Ltd Formerly Malls Brasil Fundo Investimento Imobiliario, formerly Malls Brasil Plural Fundo De Investimento Imobiliario is a Brazalian real estate investment firm. The company is engaged in investing in malls and shopping centres including Maceio Shopping.
80GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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