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Vivara ParticipacoesBSP:VIVA3 +0.09%93 Return-on-Tangible-Asset is 6.96% as of Mar. 2026, which is 49% below its 10-year median of 13.64. GuruFocus rates BSP:VIVA3 with a GF Score™ of 93/100 and a GF Value™ of R$34.45 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,137 Retail - Cyclical companies, Vivara Participacoes ranks better than 88.13% 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. Vivara Participacoes's annualizedNet Income for the quarter that ended in Mar. 2026 was R$323 Mil. Vivara Participacoes's average total tangible assets for the quarter that ended in Mar. 2026 was R$4,641 Mil. Therefore, Vivara Participacoes's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.96%.
The historical rank and industry rank for Vivara Participacoes's Return-on-Tangible-Asset or its related term are showing as below:
BSP:VIVA3'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.33 Med: 13.64 Max: 26.29
Current: 13.12
During the past 10 years, Vivara Participacoes's highest Return-on-Tangible-Asset was 26.29%. The lowest was 7.33%. And the median was 13.64%.
BSP:VIVA3's Return-on-Tangible-Asset is ranked better than 88.13% of 1137
companies
in the Retail - Cyclical industry
Industry Median: 2.93
vs BSP:VIVA3: 13.12
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.
Vivara Participacoes Return-on-Tangible-Asset Related Terms
Vivara Participacoes Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Vivara Participacoes'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.
BSP:VIVA3 vs TPR, SIG: Return-on-Tangible-Asset Comparison
For the Luxury Goods subindustry, Vivara Participacoes'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.
Vivara Participacoes Return-on-Tangible-Asset vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Vivara Participacoes's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Vivara Participacoes'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 6.96% mean?
Vivara Participacoes (BSP:VIVA3) has a Return-on-Tangible-Asset of 6.96% 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 Vivara Participacoes and its competitors. This is 49% below median its historical median of 13.64. Over the past decade, Vivara Participacoes' Return-on-Tangible-Asset has ranged from 7.33 to 26.29. According to the industry distribution chart, Vivara Participacoes ranks #135 out of 1137 companies in the Retail - Cyclical industry, placing it in the top 11.9%.
Is Vivara Participacoes' Return-on-Tangible-Asset too high?
Vivara Participacoes' current Return-on-Tangible-Asset of 6.96% is 49% below median its 10-year median of 13.64. Over the past 10 years, this metric has ranged from a low of 7.33 to a high of 26.29. The Retail - Cyclical industry median Return-on-Tangible-Asset is 2.93. Vivara Participacoes' value of 6.96% is 137.5% above this industry median. Based on the distribution chart, Vivara Participacoes ranks #135 out of 1137 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Vivara Participacoes has a GF Score™ of 93/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vivara Participacoes' Return-on-Tangible-Asset compare to TPR and SIG?
According to the Retail - Cyclical industry distribution chart, Vivara Participacoes ranks #135 out of 1137 companies for Return-on-Tangible-Asset. This places Vivara Participacoes in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.93. Vivara Participacoes' value of 6.96% is 137.5% above this benchmark. Historically, Vivara Participacoes' own Return-on-Tangible-Asset has ranged from 7.33 to 26.29 over the past decade. While the company's 10-year median is 13.64 vs. the industry median of 2.93, Vivara Participacoes 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 Retail - Cyclical company?
The median Return-on-Tangible-Asset among Retail - Cyclical companies is 2.93, based on 1,137 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. Vivara Participacoes's current Return-on-Tangible-Asset of 6.96% is 137.5% 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 Vivara Participacoes and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Asset is 2.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vivara Participacoes's current Return-on-Tangible-Asset is 6.96%, which is 49% below median its own 10-year median of 13.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vivara Participacoes stock overvalued right now?
Based on GuruFocus' analysis, Vivara Participacoes (BSP:VIVA3) is currently considered Significantly Undervalued. The stock's GF Value™ is R$34.45, compared to a current price of R$22.18 — trading 35.6% below its estimated fair value. The current Return-on-Tangible-Asset is 6.96%, which is 49% below median its 10-year median of 13.64 and 137.5% above the Retail - Cyclical industry median of 2.93. Vivara Participacoes' overall GF Score™ is 93/100 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 Vivara Participacoes (BSP:VIVA3), the current Return-on-Tangible-Asset is 6.96% 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 Vivara Participacoes (BSP:VIVA3) Overvalued in 2026?
Based on GuruFocus' analysis, Vivara Participacoes stock appears to be undervalued.
The current stock price of R$22.18 is trading 35.6% below its estimated GF Value™ of R$34.45.
GuruFocus considers Vivara Participacoes to be Significantly Undervalued.
Key valuation signals for BSP:VIVA3:
Return-on-Tangible-Asset: 6.96% (49% below median its 10-year median of 13.64)
GF Value™: R$34.45 vs. price of R$22.18 (35.6% below fair value)
Industry Position: 137.5% above the Retail - Cyclical median (#135 of 1137)
No single metric tells the full story. See the BSP:VIVA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vivara Participacoes SA is a Brazil-based company engaged in operating jewelry chain in Brazil. Its brands Vivara, Life by Vivara, Vivara Watches, Vivara Accessories e Vivara Fragrances are available at multiple sales points across the country. The firm operates business through Physical Stores, online sales and others. Substantial revenue is earned from the sales of Jewelry items.
93GF Score
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