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Banco MacroBUE:BMA -1.65%50 Return-on-Tangible-Asset is 2.38% as of Mar. 2026, which is 52% below its 10-year median of 4.94. GuruFocus rates BUE:BMA with a GF Score™ of 50/100 and a GF Value™ of ARS4,970.75 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,529 Banks companies, Banco Macro ranks better than 85.74% 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. Banco Macro's annualizedNet Income for the quarter that ended in Mar. 2026 was ARS560,954 Mil. Banco Macro's average total tangible assets for the quarter that ended in Mar. 2026 was ARS23,531,262 Mil. Therefore, Banco Macro's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.38%.
The historical rank and industry rank for Banco Macro's Return-on-Tangible-Asset or its related term are showing as below:
BUE:BMA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.34 Med: 4.94 Max: 15.94
Current: 1.82
During the past 13 years, Banco Macro's highest Return-on-Tangible-Asset was 15.94%. The lowest was -0.34%. And the median was 4.94%.
BUE:BMA's Return-on-Tangible-Asset is ranked better than 85.74% of 1529
companies
in the Banks industry
Industry Median: 1
vs BUE:BMA: 1.82
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.
Banco Macro Return-on-Tangible-Asset Related Terms
Banco Macro Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Banco Macro'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.
BUE:BMA vs PNC, USB: Return-on-Tangible-Asset Comparison
For the Banks - Regional subindustry, Banco Macro'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.
Banco Macro Return-on-Tangible-Asset vs Banks Industry
For the Banks industry and Financial Services sector, Banco Macro's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Banco Macro'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 2.38% mean?
Banco Macro (BUE:BMA) has a Return-on-Tangible-Asset of 2.38% 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 Banco Macro and its competitors. This is 52% below median its historical median of 4.94. According to the industry distribution chart, Banco Macro ranks #218 out of 1529 companies in the Banks industry, placing it in the top 14.3%.
Is Banco Macro's Return-on-Tangible-Asset too high?
Banco Macro's current Return-on-Tangible-Asset of 2.38% is 52% below median its 10-year median of 4.94. The Banks industry median Return-on-Tangible-Asset is 1.00. Banco Macro's value of 2.38% is 138% above this industry median. Based on the distribution chart, Banco Macro ranks #218 out of 1529 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Banco Macro has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Banco Macro's Return-on-Tangible-Asset compare to PNC and USB?
According to the Banks industry distribution chart, Banco Macro ranks #218 out of 1529 companies for Return-on-Tangible-Asset. This places Banco Macro in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.00. Banco Macro's value of 2.38% is 138% above this benchmark. While the company's 10-year median is 4.94 vs. the industry median of 1.00, Banco Macro 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 Banks company?
The median Return-on-Tangible-Asset among Banks companies is 1.00, based on 1,529 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. Banco Macro's current Return-on-Tangible-Asset of 2.38% is 138% 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 Banco Macro and its competitors. For the Banks industry, the median Return-on-Tangible-Asset is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Banco Macro's current Return-on-Tangible-Asset is 2.38%, which is 52% below median its own 10-year median of 4.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banco Macro stock overvalued right now?
Based on GuruFocus' analysis, Banco Macro (BUE:BMA) is currently considered Significantly Overvalued. The stock's GF Value™ is ARS4,970.75, compared to a current price of ARS14,310.00 — trading 187.9% above its estimated fair value. The current Return-on-Tangible-Asset is 2.38%, which is 52% below median its 10-year median of 4.94 and 138% above the Banks industry median of 1.00. Banco Macro's overall GF Score™ is 50/100 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 Banco Macro (BUE:BMA), the current Return-on-Tangible-Asset is 2.38% 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 Banco Macro (BUE:BMA) Overvalued in 2026?
Based on GuruFocus' analysis, Banco Macro stock appears to be overvalued.
The current stock price of ARS14,310.00 is trading 187.9% above its estimated GF Value™ of ARS4,970.75.
GuruFocus considers Banco Macro to be Significantly Overvalued.
Key valuation signals for BUE:BMA:
Return-on-Tangible-Asset: 2.38% (52% below median its 10-year median of 4.94)
GF Value™: ARS4,970.75 vs. price of ARS14,310.00 (187.9% above fair value)
Industry Position: 138% above the Banks median (#218 of 1529)
No single metric tells the full story. See the BUE:BMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Banco Macro SA is a financial institution and it provides standard banking products and services designed to suit individual needs. It has two categories of customers, retail customers, which include individuals and entrepreneurs, and corporate customers, which include small, medium, and large companies and corporations. In addition, it provides services to four provincial governments. The company generates the majority of its revenue from Argentina.
50GF Score
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