BYMAF (Bolsas Y Mercados Argentinos) Return-on-Tangible-Asset: 3.43% (As of Mar. 2026) — 18% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

BYMAF Bolsas Y Mercados Argentinos SA BYMAF
94 GF Score
Price $0.22
GF Value $0.23
! 7 Warning Signs
View Full Analysis

What is Bolsas Y Mercados Argentinos Return-on-Tangible-Asset?

Bolsas Y Mercados Argentinos BYMAF +15.73% 94 Return-on-Tangible-Asset is 3.43% as of Mar. 2026, which is 18% below its 10-year median of 4.16. GuruFocus rates BYMAF with a GF Score™ of 94/100 and a GF Value™ of $0.23. The stock has 7 warning signs investors should review. Among 818 Capital Markets companies, Bolsas Y Mercados Argentinos ranks better than 80.81% 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. Bolsas Y Mercados Argentinos's annualized Net Income for the quarter that ended in Mar. 2026 was $60.8 Mil. Bolsas Y Mercados Argentinos's average total tangible assets for the quarter that ended in Mar. 2026 was $1,773.0 Mil. Therefore, Bolsas Y Mercados Argentinos's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.43%.

The historical rank and industry rank for Bolsas Y Mercados Argentinos's Return-on-Tangible-Asset or its related term are showing as below:

BYMAF' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.61   Med: 4.16   Max: 17.64
Current: 7.74

During the past 9 years, Bolsas Y Mercados Argentinos's highest Return-on-Tangible-Asset was 17.64%. The lowest was -1.61%. And the median was 4.16%.

BYMAF's Return-on-Tangible-Asset is ranked better than
80.81% of 818 companies
in the Capital Markets industry
Industry Median: 1.53 vs BYMAF: 7.74

Bolsas Y Mercados Argentinos  (OTCPK:BYMAF) 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 company’s 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 company’s 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.


Bolsas Y Mercados Argentinos Return-on-Tangible-Asset Related Terms


Bolsas Y Mercados Argentinos Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Bolsas Y Mercados Argentinos'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.

Bolsas Y Mercados Argentinos Return-on-Tangible-Asset Chart

Bolsas Y Mercados Argentinos Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only -1.48 0.43 14.10 -0.85 6.41

Bolsas Y Mercados Argentinos Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.27 9.73 5.47 11.94 3.43

BYMAF vs MS, GS, SCHW: Return-on-Tangible-Asset Comparison

For the Capital Markets subindustry, Bolsas Y Mercados Argentinos'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.


Bolsas Y Mercados Argentinos Return-on-Tangible-Asset vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bolsas Y Mercados Argentinos's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Bolsas Y Mercados Argentinos's Return-on-Tangible-Asset falls into.


BYMAF
94GF Score
Bolsas Y Mercados Argentinos SA BYMAF
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bolsas Y Mercados Argentinos Return-on-Tangible-Asset Calculation

Bolsas Y Mercados Argentinos's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=118.788/( (2036.902+1670.468)/ 2 )
=118.788/1853.685
=6.41 %

Bolsas Y Mercados Argentinos's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=60.82/( (1670.468+1875.507)/ 2 )
=60.82/1772.9875
=3.43 %

* 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 3.43% mean?
Bolsas Y Mercados Argentinos (BYMAF) has a Return-on-Tangible-Asset of 3.43% 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 Bolsas Y Mercados Argentinos and its competitors. This is 18% below median its historical median of 4.16. According to the industry distribution chart, Bolsas Y Mercados Argentinos ranks #157 out of 818 companies in the Capital Markets industry, placing it in the top 19.2%.
Is Bolsas Y Mercados Argentinos' Return-on-Tangible-Asset too high?
Bolsas Y Mercados Argentinos' current Return-on-Tangible-Asset of 3.43% is 18% below median its 10-year median of 4.16. The Capital Markets industry median Return-on-Tangible-Asset is 1.53. Bolsas Y Mercados Argentinos' value of 3.43% is 124.2% above this industry median. Based on the distribution chart, Bolsas Y Mercados Argentinos ranks #157 out of 818 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Bolsas Y Mercados Argentinos has a GF Score™ of 94/100, reflecting its overall financial health beyond just this single metric.
How does Bolsas Y Mercados Argentinos' Return-on-Tangible-Asset compare to MS and GS?
According to the Capital Markets industry distribution chart, Bolsas Y Mercados Argentinos ranks #157 out of 818 companies for Return-on-Tangible-Asset. This places Bolsas Y Mercados Argentinos in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.53. Bolsas Y Mercados Argentinos' value of 3.43% is 124.2% above this benchmark. While the company's 10-year median is 4.16 vs. the industry median of 1.53, Bolsas Y Mercados Argentinos 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 Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.53, based on 818 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. Bolsas Y Mercados Argentinos's current Return-on-Tangible-Asset of 3.43% is 124.2% 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 Bolsas Y Mercados Argentinos and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bolsas Y Mercados Argentinos's current Return-on-Tangible-Asset is 3.43%, which is 18% below median its own 10-year median of 4.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bolsas Y Mercados Argentinos stock overvalued right now?
Bolsas Y Mercados Argentinos (BYMAF) has a current Return-on-Tangible-Asset of 3.43%. The stock's GF Value™ is $0.23, compared to a current price of $0.22 — trading 4.3% below its estimated fair value. The current Return-on-Tangible-Asset is 3.43%, which is 18% below median its 10-year median of 4.16 and 124.2% above the Capital Markets industry median of 1.53. Bolsas Y Mercados Argentinos' overall GF Score™ is 94/100 with 7 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 Bolsas Y Mercados Argentinos (BYMAF), the current Return-on-Tangible-Asset is 3.43% 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 Bolsas Y Mercados Argentinos (BYMAF) Overvalued in 2026?

Based on GuruFocus' analysis, Bolsas Y Mercados Argentinos stock appears to be undervalued. The current stock price of $0.22 is trading 4.3% below its estimated GF Value™ of $0.23.

Key valuation signals for BYMAF:

  • Return-on-Tangible-Asset: 3.43% (18% below median its 10-year median of 4.16)
  • GF Value™: $0.23 vs. price of $0.22 (4.3% below fair value)
  • GF Score™: 94/100 with 7 warning signs
  • Industry Position: 124.2% above the Capital Markets median (#157 of 818)

No single metric tells the full story. See the BYMAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bolsas Y Mercados Argentinos Business Description

Other Exchanges BYMA:Argentina
Address 25 de Mayo 359, CABA, ARG, C1002ABG
Bolsas Y Mercados Argentinos SA offers transactions, liquidity, custody, pre and post negotiation through capital market platform. Additionally, it also offers Trading Platform Millennium together with quality and security Standards applied in the main Markets around the world.
94GF Score

Get the complete analysis for BYMAF

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.22
Price
$0.23
GF Value