Saul CentersBFS +2.38%78 Return-on-Tangible-Equity is 11.96% as of Mar. 2026, which is 15% below its 10-year median of 14.11. GuruFocus rates BFS with a GF Score™ of 78/100 and a GF Value™ of $41.81 (Fairly Valued). The stock has 11 warning signs investors should review. Among 932 REITs companies, Saul Centers ranks better than 78.33% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Saul Centers's annualized net income for the quarter that ended in Mar. 2026 was $36.5 Mil. Saul Centers's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $304.8 Mil. Therefore, Saul Centers's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 11.96%.
The historical rank and industry rank for Saul Centers's Return-on-Tangible-Equity or its related term are showing as below:
BFS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.92 Med: 14.11 Max: 14.81
Current: 11.68
During the past 13 years, Saul Centers's highest Return-on-Tangible-Equity was 14.81%. The lowest was 10.92%. And the median was 14.11%.
BFS's Return-on-Tangible-Equity is ranked better than 78.33% of 932
companies
in the REITs industry
Industry Median: 6.29
vs BFS: 11.68
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Saul Centers Return-on-Tangible-Equity Related Terms
Saul Centers Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Saul Centers's Return-on-Tangible-Equity 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.
BFS vs WSR, ALX, PINE: Return-on-Tangible-Equity Comparison
For the REIT - Retail subindustry, Saul Centers's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Saul Centers Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Saul Centers's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Saul Centers's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 11.96% mean?
Saul Centers (BFS) has a Return-on-Tangible-Equity of 11.96% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Saul Centers and its competitors. This is 15% below median its historical median of 14.11. Over the past decade, Saul Centers' Return-on-Tangible-Equity has ranged from 10.92 to 14.81. According to the industry distribution chart, Saul Centers ranks #202 out of 932 companies in the REITs industry, placing it in the top 21.7%.
Is Saul Centers' Return-on-Tangible-Equity too high?
Saul Centers' current Return-on-Tangible-Equity of 11.96% is 15% below median its 10-year median of 14.11. Over the past 10 years, this metric has ranged from a low of 10.92 to a high of 14.81. The REITs industry median Return-on-Tangible-Equity is 6.29. Saul Centers' value of 11.96% is 90.1% above this industry median. Based on the distribution chart, Saul Centers ranks #202 out of 932 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Saul Centers has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Saul Centers' Return-on-Tangible-Equity compare to WSR and ALX?
According to the REITs industry distribution chart, Saul Centers ranks #202 out of 932 companies for Return-on-Tangible-Equity. This places Saul Centers in the top 22% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.29. Saul Centers' value of 11.96% is 90.1% above this benchmark. Historically, Saul Centers' own Return-on-Tangible-Equity has ranged from 10.92 to 14.81 over the past decade. While the company's 10-year median is 14.11 vs. the industry median of 6.29, Saul Centers 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-Equity for a REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.29, based on 932 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Saul Centers's current Return-on-Tangible-Equity of 11.96% is 90.1% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Saul Centers and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saul Centers's current Return-on-Tangible-Equity is 11.96%, which is 15% below median its own 10-year median of 14.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saul Centers stock overvalued right now?
Based on GuruFocus' analysis, Saul Centers (BFS) is currently considered Fairly Valued. The stock's GF Value™ is $41.81, compared to a current price of $37.88 — trading 9.4% below its estimated fair value. The current Return-on-Tangible-Equity is 11.96%, which is 15% below median its 10-year median of 14.11 and 90.1% above the REITs industry median of 6.29. Saul Centers' overall GF Score™ is 78/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Saul Centers (BFS), the current Return-on-Tangible-Equity is 11.96% 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 Saul Centers (BFS) Overvalued in 2026?
Based on GuruFocus' analysis, Saul Centers stock appears to be undervalued.
The current stock price of $37.88 is trading 9.4% below its estimated GF Value™ of $41.81.
GuruFocus considers Saul Centers to be Fairly Valued.
Key valuation signals for BFS:
Return-on-Tangible-Equity: 11.96% (15% below median its 10-year median of 14.11)
GF Value™: $41.81 vs. price of $37.88 (9.4% below fair value)
Industry Position: 90.1% above the REITs median (#202 of 932)
No single metric tells the full story. See the BFS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Saul Centers Inc is a self-managed real estate investment trust which invests in, operates and develops retail and commercial properties. The company's portfolio includes community and neighbourhood shopping centres, office properties, and mixed-use properties. Properties are located in the Washington, D.C. and Batlimore metropolitan areas. Saul Centers operates through two business segments: Shopping Centers segment, which contribute the maximum portion of total revenue; and mixed-use properties.Mixed-Use Properties segment include office, retail and multi-family residential use.
78GF Score
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