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The historical rank and industry rank for Bulgarian Real Estate Fund REIT's Return-on-Tangible-Asset or its related term are showing as below:
XBUL:BREF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.37 Med: 6.24 Max: 13.12
Current: 13.12
During the past 13 years, Bulgarian Real Estate Fund REIT's highest Return-on-Tangible-Asset was 13.12%. The lowest was 2.37%. And the median was 6.24%.
XBUL:BREF's Return-on-Tangible-Asset is ranked better than 92.61% of 934
companies
in the REITs industry
Industry Median: 3.265
vs XBUL:BREF: 13.12
Bulgarian Real Estate Fund REIT (XBUL:BREF) 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.
Bulgarian Real Estate Fund REIT Return-on-Tangible-Asset Related Terms
Bulgarian Real Estate Fund REIT 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.
Bulgarian Real Estate Fund REIT Return-on-Tangible-Asset Chart
XBUL:BREF vs VICI, WPC: Return-on-Tangible-Asset Comparison
For the REIT - Diversified subindustry, Bulgarian Real Estate Fund REIT'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.
Bulgarian Real Estate Fund REIT Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Bulgarian Real Estate Fund REIT's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Bulgarian Real Estate Fund REIT'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 3.93% mean?
Bulgarian Real Estate Fund REIT (XBUL:BREF) has a Return-on-Tangible-Asset of 3.93% 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 Bulgarian Real Estate Fund REIT and its competitors. This is 37% below median its historical median of 6.24. Over the past decade, Bulgarian Real Estate Fund REIT's Return-on-Tangible-Asset has ranged from 2.37 to 13.12. According to the industry distribution chart, Bulgarian Real Estate Fund REIT ranks #69 out of 934 companies in the REITs industry, placing it in the top 7.4%.
Is Bulgarian Real Estate Fund REIT's Return-on-Tangible-Asset too high?
Bulgarian Real Estate Fund REIT's current Return-on-Tangible-Asset of 3.93% is 37% below median its 10-year median of 6.24. Over the past 10 years, this metric has ranged from a low of 2.37 to a high of 13.12. The REITs industry median Return-on-Tangible-Asset is 3.27. Bulgarian Real Estate Fund REIT's value of 3.93% is 20.4% above this industry median. Based on the distribution chart, Bulgarian Real Estate Fund REIT ranks #69 out of 934 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Bulgarian Real Estate Fund REIT has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bulgarian Real Estate Fund REIT's Return-on-Tangible-Asset compare to VICI and WPC?
According to the REITs industry distribution chart, Bulgarian Real Estate Fund REIT ranks #69 out of 934 companies for Return-on-Tangible-Asset. This places Bulgarian Real Estate Fund REIT in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.27. Bulgarian Real Estate Fund REIT's value of 3.93% is 20.4% above this benchmark. Historically, Bulgarian Real Estate Fund REIT's own Return-on-Tangible-Asset has ranged from 2.37 to 13.12 over the past decade. While the company's 10-year median is 6.24 vs. the industry median of 3.27, Bulgarian Real Estate Fund REIT 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 REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.27, based on 934 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. Bulgarian Real Estate Fund REIT's current Return-on-Tangible-Asset of 3.93% is 20.4% 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 Bulgarian Real Estate Fund REIT and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bulgarian Real Estate Fund REIT's current Return-on-Tangible-Asset is 3.93%, which is 37% below median its own 10-year median of 6.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bulgarian Real Estate Fund REIT stock overvalued right now?
Based on GuruFocus' analysis, Bulgarian Real Estate Fund REIT (XBUL:BREF) is currently considered Possible Value Trap. The stock's GF Value™ is €15.85, compared to a current price of €2.58 — trading 83.7% below its estimated fair value. The current Return-on-Tangible-Asset is 3.93%, which is 37% below median its 10-year median of 6.24 and 20.4% above the REITs industry median of 3.27. Bulgarian Real Estate Fund REIT's overall GF Score™ is 73/100 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 Bulgarian Real Estate Fund REIT (XBUL:BREF), the current Return-on-Tangible-Asset is 3.93% 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 Bulgarian Real Estate Fund REIT (XBUL:BREF) Overvalued in 2026?
Based on GuruFocus' analysis, Bulgarian Real Estate Fund REIT stock appears to be undervalued.
The current stock price of €2.58 is trading 83.7% below its estimated GF Value™ of €15.85.
GuruFocus considers Bulgarian Real Estate Fund REIT to be Possible Value Trap.
Key valuation signals for XBUL:BREF:
Return-on-Tangible-Asset: 3.93% (37% below median its 10-year median of 6.24)
GF Value™: €15.85 vs. price of €2.58 (83.7% below fair value)
Industry Position: 20.4% above the REITs median (#69 of 934)
No single metric tells the full story. See the XBUL:BREF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bulgarian Real Estate Fund REIT Business Description
Bulgarian Real Estate Fund REIT is a special investment purpose joint-stock entity seated in the Republic of Bulgaria. The main activity of the fund is investing the cash funds raised through securities issuance in real property /securitization of real property/ through the purchase of ownership rights and other real rights over real property, carrying out construction and improvements therein for the purpose of making it available for management, renting, leasing and/or sale. Its investment objective is to achieve capital appreciation by means of diversified investments in business buildings, residential and other high-class properties, retail premises and agricultural land on the territory of Bulgaria.
73GF Score
Get the complete analysis for XBUL:BREF
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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