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Renova EnergiaBSP:RNEW3 45 Return-on-Tangible-Asset is -4.86% as of Mar. 2026. GuruFocus rates BSP:RNEW3 with a GF Score™ of 45/100 and a GF Value™ of R$1.26 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 451 Utilities - Independent Power Producers companies, Renova Energia ranks worse than 80.93% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Renova Energia's annualizedNet Income for the quarter that ended in Mar. 2026 was R$-147.7 Mil. Renova Energia's average total tangible assets for the quarter that ended in Mar. 2026 was R$3,035.7 Mil. Therefore, Renova Energia's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -4.86%.
The historical rank and industry rank for Renova Energia's Return-on-Tangible-Asset or its related term are showing as below:
BSP:RNEW3'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -41.43 Med: -4.57 Max: 30.5
Current: -4.65
During the past 13 years, Renova Energia's highest Return-on-Tangible-Asset was 30.50%. The lowest was -41.43%. And the median was -4.57%.
BSP:RNEW3's Return-on-Tangible-Asset is ranked worse than 80.93% of 451
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.28
vs BSP:RNEW3: -4.65
Renova Energia (BSP:RNEW3) 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.
Renova Energia Return-on-Tangible-Asset Related Terms
Renova Energia Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Renova 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.
Renova Energia Return-on-Tangible-Asset Competitor Comparison
For the Utilities - Renewable subindustry, Renova 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.
Renova Energia Return-on-Tangible-Asset vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Renova Energia's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Renova 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 -4.86% mean?
Renova Energia (BSP:RNEW3) has a Return-on-Tangible-Asset of -4.86% 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 Renova Energia and its competitors. According to the industry distribution chart, Renova Energia ranks #365 out of 451 companies in the Utilities - Independent Power Producers industry, placing it in the top 80.9%.
Is Renova Energia's Return-on-Tangible-Asset too high?
Renova Energia's current Return-on-Tangible-Asset is -4.86%. Based on the distribution chart, Renova Energia ranks #365 out of 451 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Renova Energia has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Renova Energia's Return-on-Tangible-Asset compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Renova Energia ranks #365 out of 451 companies for Return-on-Tangible-Asset. This places Renova Energia in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.28. 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 - Independent Power Producers company?
The median Return-on-Tangible-Asset among Utilities - Independent Power Producers companies is 1.28, based on 451 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 Renova Energia and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Asset is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Renova Energia's current Return-on-Tangible-Asset is -4.86%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Renova Energia stock overvalued right now?
Based on GuruFocus' analysis, Renova Energia (BSP:RNEW3) is currently considered Possible Value Trap. The stock's GF Value™ is R$1.26, compared to a current price of R$0.75 — trading 40.5% below its estimated fair value. The current Return-on-Tangible-Asset is -4.86%. Renova Energia's overall GF Score™ is 45/100 with 3 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 Renova Energia (BSP:RNEW3), the current Return-on-Tangible-Asset is -4.86% 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.
Is Renova Energia (BSP:RNEW3) Overvalued in 2026?
Based on GuruFocus' analysis, Renova Energia stock appears to be undervalued.
The current stock price of R$0.75 is trading 40.5% below its estimated GF Value™ of R$1.26.
GuruFocus considers Renova Energia to be Possible Value Trap.
Key valuation signals for BSP:RNEW3:
Return-on-Tangible-Asset: -4.86%
GF Value™: R$1.26 vs. price of R$0.75 (40.5% below fair value)
No single metric tells the full story. See the BSP:RNEW3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Renova Energia SA is a Brazilian energy company engaged in the development, implementation, and operation of power generation projects from renewable sources - wind and solar, and trading of energy and related activities. The company is generating and trading electric power in all its forms, producing fuel from natural and renewable sources, providing logistics services to environmental advisory firms, and providing advisory services for energy solutions related to the generation, trading, transmission, and other businesses. The company has operating segments, namely: Wind, Solar, Trading, and Administrative. It derives maximum revenue from the Trading segment, which is engaged in energy trading in all its forms and management of the Company's energy purchase and sale contracts.
45GF Score
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