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Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada (BSP:SPG211) 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.
Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada Return-on-Tangible-Asset Related Terms
Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada 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.
Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada Return-on-Tangible-Asset Chart
Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada Annual Data
Trend
Dec24
Dec25
Return-on-Tangible-Asset
0.00
32.97
Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada Semi-Annual Data
Dec24
Dec25
Return-on-Tangible-Asset
0.00
32.97
BSP:SPG211 vs VICI, WPC: 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.
Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada 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 32.97% mean?
Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada (BSP:SPG211) has a Return-on-Tangible-Asset of 32.97% 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 Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada and its competitors. This is near median its historical median of 32.97. Over the past decade, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's Return-on-Tangible-Asset has ranged from 32.97 to 32.97. According to the industry distribution chart, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada ranks #6 out of 925 companies in the REITs industry, placing it in the top 0.59999999999999%.
Is Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's Return-on-Tangible-Asset too high?
Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's current Return-on-Tangible-Asset of 32.97% is near median its 10-year median of 32.97. Over the past 10 years, this metric has ranged from a low of 32.97 to a high of 32.97. The REITs industry median Return-on-Tangible-Asset is 3.31. Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's value of 32.97% is 896.1% above this industry median. Based on the distribution chart, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada ranks #6 out of 925 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada has a GF Score™ of 7/100, reflecting its overall financial health beyond just this single metric.
How does Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's Return-on-Tangible-Asset compare to VICI and WPC?
According to the REITs industry distribution chart, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada ranks #6 out of 925 companies for Return-on-Tangible-Asset. This places Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada in the top 1% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.31. Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's value of 32.97% is 896.1% above this benchmark. Historically, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's own Return-on-Tangible-Asset has ranged from 32.97 to 32.97 over the past decade. While the company's 10-year median is 32.97 vs. the industry median of 3.31, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada 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 3.31, based on 925 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. Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's current Return-on-Tangible-Asset of 32.97% is 896.1% 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 Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada 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. Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's current Return-on-Tangible-Asset is 32.97%, which is near median its own 10-year median of 32.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada stock overvalued right now?
Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada (BSP:SPG211) has a current Return-on-Tangible-Asset of 32.97%. The current Return-on-Tangible-Asset is 32.97%, which is near median its 10-year median of 32.97 and 896.1% above the REITs industry median of 3.31. Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's overall GF Score™ is 7/100 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 Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada (BSP:SPG211), the current Return-on-Tangible-Asset is 32.97% 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.
AddressRua Dr. Eduardo de Souza Aranha, No. 153, 4th floor, Itaim Bibi, Sao Paulo, SP, BRA, 4543-120
Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada is a real estate investment fund. It is established to carry out the activity of providing services for the management of portfolios of securities and securities (Administrator), within the scope of the primary public offering of the 1st (first) issue of shares of Class Single Class of the Fund, in a single class and series.
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