Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Vinci Offices Fundo DE Investimento Imobiliario (BSP:VINO11) 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.
Vinci Offices Fundo DE Investimento Imobiliario Return-on-Tangible-Asset Related Terms
Vinci Offices 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.
Vinci Offices Fundo DE Investimento Imobiliario Return-on-Tangible-Asset Chart
Vinci Offices Fundo DE Investimento Imobiliario Annual Data
BSP:VINO11 vs BXP, ARE, VNO: Return-on-Tangible-Asset Comparison
For the REIT - Office subindustry, Vinci Offices 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.
Vinci Offices 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. 2025) net income data.
What does a Return-on-Tangible-Asset of 1.23% mean?
Vinci Offices Fundo DE Investimento Imobiliario (BSP:VINO11) has a Return-on-Tangible-Asset of 1.23% 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 Vinci Offices Fundo DE Investimento Imobiliario and its competitors. This is 70% below median its historical median of 4.05. Over the past decade, Vinci Offices Fundo DE Investimento Imobiliario's Return-on-Tangible-Asset has ranged from 0.18 to 7.06. According to the industry distribution chart, Vinci Offices Fundo DE Investimento Imobiliario ranks #635 out of 925 companies in the REITs industry, placing it in the top 68.6%.
Is Vinci Offices Fundo DE Investimento Imobiliario's Return-on-Tangible-Asset too high?
Vinci Offices Fundo DE Investimento Imobiliario's current Return-on-Tangible-Asset of 1.23% is 70% below median its 10-year median of 4.05. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 7.06. The REITs industry median Return-on-Tangible-Asset is 3.30. Vinci Offices Fundo DE Investimento Imobiliario's value of 1.23% is 62.7% below this industry median. Based on the distribution chart, Vinci Offices Fundo DE Investimento Imobiliario ranks #635 out of 925 companies in the REITs industry, which is below the industry midpoint. Overall, Vinci Offices Fundo DE Investimento Imobiliario has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vinci Offices Fundo DE Investimento Imobiliario's Return-on-Tangible-Asset compare to BXP and ARE?
According to the REITs industry distribution chart, Vinci Offices Fundo DE Investimento Imobiliario ranks #635 out of 925 companies for Return-on-Tangible-Asset. This places Vinci Offices Fundo DE Investimento Imobiliario in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.30. Vinci Offices Fundo DE Investimento Imobiliario's value of 1.23% is 62.7% below this benchmark. Historically, Vinci Offices Fundo DE Investimento Imobiliario's own Return-on-Tangible-Asset has ranged from 0.18 to 7.06 over the past decade. While the company's 10-year median is 4.05 vs. the industry median of 3.30, Vinci Offices Fundo DE Investimento Imobiliario has consistently been below 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 3.30, 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. Vinci Offices Fundo DE Investimento Imobiliario's current Return-on-Tangible-Asset of 1.23% is 62.7% below 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 Vinci Offices Fundo DE Investimento Imobiliario and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vinci Offices Fundo DE Investimento Imobiliario's current Return-on-Tangible-Asset is 1.23%, which is 70% below median its own 10-year median of 4.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vinci Offices Fundo DE Investimento Imobiliario stock overvalued right now?
Based on GuruFocus' analysis, Vinci Offices Fundo DE Investimento Imobiliario (BSP:VINO11) is currently considered Significantly Overvalued. The stock's GF Value™ is R$2.89, compared to a current price of R$4.48 — trading 55% above its estimated fair value. The current Return-on-Tangible-Asset is 1.23%, which is 70% below median its 10-year median of 4.05 and 62.7% below the REITs industry median of 3.30. Vinci Offices Fundo DE Investimento Imobiliario's overall GF Score™ is 40/100 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 Vinci Offices Fundo DE Investimento Imobiliario (BSP:VINO11), the current Return-on-Tangible-Asset is 1.23% 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 Vinci Offices Fundo DE Investimento Imobiliario (BSP:VINO11) Overvalued in 2026?
Based on GuruFocus' analysis, Vinci Offices Fundo DE Investimento Imobiliario stock appears to be overvalued.
The current stock price of R$4.48 is trading 55% above its estimated GF Value™ of R$2.89.
GuruFocus considers Vinci Offices Fundo DE Investimento Imobiliario to be Significantly Overvalued.
Key valuation signals for BSP:VINO11:
Return-on-Tangible-Asset: 1.23% (70% below median its 10-year median of 4.05)
GF Value™: R$2.89 vs. price of R$4.48 (55% above fair value)
Industry Position: 62.7% below the REITs median (#635 of 925)
No single metric tells the full story. See the BSP:VINO11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vinci Offices Fundo DE Investimento Imobiliario is a closed-end fund. The fund's objective is to invest, predominantly, in real estate and real rights over real estate, which may occur directly or through the acquisition.
40GF Score
Get the complete analysis for BSP:VINO11
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BSP:VINO11 has been successfully added to your 
