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Panorama Properties Fundo De Investimento Imobiliario (BSP:PNPR11) 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.
Panorama Properties Fundo De Investimento Imobiliario Return-on-Tangible-Asset Related Terms
Panorama Properties 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.
Panorama Properties Fundo De Investimento Imobiliario Return-on-Tangible-Asset Chart
Panorama Properties Fundo De Investimento Imobiliario Annual Data
Trend
Dec21
Dec22
Dec23
Dec24
Return-on-Tangible-Asset
0.00
4.01
1.68
-3.33
Panorama Properties Fundo De Investimento Imobiliario Semi-Annual Data
Dec21
Dec22
Dec23
Dec24
Return-on-Tangible-Asset
0.00
4.01
1.68
-3.33
BSP:PNPR11 vs VICI, WPC: Return-on-Tangible-Asset Comparison
For the REIT - Diversified subindustry, Panorama Properties Fundo De Investimento Imobiliario'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.
Panorama Properties Fundo De Investimento Imobiliario 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. 2024) net income data.
What does a Return-on-Tangible-Asset of -3.33% mean?
Panorama Properties Fundo De Investimento Imobiliario (BSP:PNPR11) has a Return-on-Tangible-Asset of -3.33% as of Dec. 2024. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Panorama Properties Fundo De Investimento Imobiliario and its competitors. According to the industry distribution chart, Panorama Properties Fundo De Investimento Imobiliario ranks #836 out of 923 companies in the REITs industry, placing it in the top 90.6%.
Is Panorama Properties Fundo De Investimento Imobiliario's Return-on-Tangible-Asset too high?
Panorama Properties Fundo De Investimento Imobiliario's current Return-on-Tangible-Asset is -3.33%. Based on the distribution chart, Panorama Properties Fundo De Investimento Imobiliario ranks #836 out of 923 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Panorama Properties Fundo De Investimento Imobiliario has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Panorama Properties Fundo De Investimento Imobiliario's Return-on-Tangible-Asset compare to VICI and WPC?
According to the REITs industry distribution chart, Panorama Properties Fundo De Investimento Imobiliario ranks #836 out of 923 companies for Return-on-Tangible-Asset. This places Panorama Properties Fundo De Investimento Imobiliario in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.31. 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 3.31, based on 923 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. 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 Panorama Properties Fundo De Investimento Imobiliario and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Panorama Properties Fundo De Investimento Imobiliario's current Return-on-Tangible-Asset is -3.33%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Panorama Properties Fundo De Investimento Imobiliario stock overvalued right now?
Panorama Properties Fundo De Investimento Imobiliario (BSP:PNPR11) has a current Return-on-Tangible-Asset of -3.33%. The current Return-on-Tangible-Asset is -3.33%. Panorama Properties Fundo De Investimento Imobiliario's overall GF Score™ is 31/100 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 Panorama Properties Fundo De Investimento Imobiliario (BSP:PNPR11), the current Return-on-Tangible-Asset is -3.33% as of Dec. 2024. 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.
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