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VulcabrasBSP:VULC3 94 Return-on-Tangible-Asset is 8.58% as of Mar. 2026, which is 57% below its 10-year median of 19.78. GuruFocus rates BSP:VULC3 with a GF Score™ of 94/100 and a GF Value™ of R$19.72 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,069 Manufacturing - Apparel & Accessories companies, Vulcabras ranks better than 99.35% 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. Vulcabras's annualizedNet Income for the quarter that ended in Mar. 2026 was R$321 Mil. Vulcabras's average total tangible assets for the quarter that ended in Mar. 2026 was R$3,737 Mil. Therefore, Vulcabras's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 8.58%.
The historical rank and industry rank for Vulcabras's Return-on-Tangible-Asset or its related term are showing as below:
BSP:VULC3'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.42 Med: 19.78 Max: 36.18
Current: 32.88
During the past 13 years, Vulcabras's highest Return-on-Tangible-Asset was 36.18%. The lowest was 2.42%. And the median was 19.78%.
BSP:VULC3's Return-on-Tangible-Asset is ranked better than 99.35% of 1069
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.99
vs BSP:VULC3: 32.88
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.
Vulcabras Return-on-Tangible-Asset Related Terms
Vulcabras Return-on-Tangible-Asset Historical Data
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The historical data trend for Vulcabras'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:VULC3 vs NKE, DECK, ONON: Return-on-Tangible-Asset Comparison
For the Footwear & Accessories subindustry, Vulcabras'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.
Vulcabras Return-on-Tangible-Asset vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Vulcabras's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Vulcabras'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 8.58% mean?
Vulcabras (BSP:VULC3) has a Return-on-Tangible-Asset of 8.58% 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 Vulcabras and its competitors. This is 57% below median its historical median of 19.78. Over the past decade, Vulcabras' Return-on-Tangible-Asset has ranged from 2.42 to 36.18. According to the industry distribution chart, Vulcabras ranks #7 out of 1069 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 0.7%.
Is Vulcabras' Return-on-Tangible-Asset too high?
Vulcabras' current Return-on-Tangible-Asset of 8.58% is 57% below median its 10-year median of 19.78. Over the past 10 years, this metric has ranged from a low of 2.42 to a high of 36.18. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Asset is 1.99. Vulcabras' value of 8.58% is 331.2% above this industry median. Based on the distribution chart, Vulcabras ranks #7 out of 1069 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Vulcabras has a GF Score™ of 94/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Vulcabras' Return-on-Tangible-Asset compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Vulcabras ranks #7 out of 1069 companies for Return-on-Tangible-Asset. This places Vulcabras in the top 1% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.99. Vulcabras' value of 8.58% is 331.2% above this benchmark. Historically, Vulcabras' own Return-on-Tangible-Asset has ranged from 2.42 to 36.18 over the past decade. While the company's 10-year median is 19.78 vs. the industry median of 1.99, Vulcabras 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Asset among Manufacturing - Apparel & Accessories companies is 1.99, based on 1,069 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. Vulcabras's current Return-on-Tangible-Asset of 8.58% is 331.2% 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 Vulcabras and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Asset is 1.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vulcabras's current Return-on-Tangible-Asset is 8.58%, which is 57% below median its own 10-year median of 19.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vulcabras stock overvalued right now?
Based on GuruFocus' analysis, Vulcabras (BSP:VULC3) is currently considered Possible Value Trap. The stock's GF Value™ is R$19.72, compared to a current price of R$13.81 — trading 30% below its estimated fair value. The current Return-on-Tangible-Asset is 8.58%, which is 57% below median its 10-year median of 19.78 and 331.2% above the Manufacturing - Apparel & Accessories industry median of 1.99. Vulcabras' overall GF Score™ is 94/100 with 4 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 Vulcabras (BSP:VULC3), the current Return-on-Tangible-Asset is 8.58% 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 Vulcabras (BSP:VULC3) Overvalued in 2026?
Based on GuruFocus' analysis, Vulcabras stock appears to be undervalued.
The current stock price of R$13.81 is trading 30% below its estimated GF Value™ of R$19.72.
GuruFocus considers Vulcabras to be Possible Value Trap.
Key valuation signals for BSP:VULC3:
Return-on-Tangible-Asset: 8.58% (57% below median its 10-year median of 19.78)
GF Value™: R$19.72 vs. price of R$13.81 (30% below fair value)
Industry Position: 331.2% above the Manufacturing - Apparel & Accessories median (#7 of 1069)
No single metric tells the full story. See the BSP:VULC3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vulcabras SA is a Brazil-based company engaged in the trading and production of apparel and accessories products, particularly sportswear and professional footwear. The company manages its own brands like Azaleia, Dijean, Olk, Olympikus, Opanka, and Vulcabras, as well as third-party brands like Mizuno and Under Armour. Along with its subsidiaries, it operates in the segment of production and sale of synthetic footwear for the domestic and foreign markets. The majority of the group's revenue is generated from the sale of sports shoes. Geographically, it derives maximum revenue from the domestic market.
94GF Score
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