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.
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.
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. Sao Paulo Turismo's annualized net income for the quarter that ended in Mar. 2026 was R$33.6 Mil. Sao Paulo Turismo's average shareholder tangible equity for the quarter that ended in Mar. 2026 was R$287.0 Mil. Therefore, Sao Paulo Turismo's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 11.71%.
The historical rank and industry rank for Sao Paulo Turismo's Return-on-Tangible-Equity or its related term are showing as below:
BSP:AHEB5'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -163.04 Med: -55.94 Max: 258.51
Current: 18.84
During the past 13 years, Sao Paulo Turismo's highest Return-on-Tangible-Equity was 258.51%. The lowest was -163.04%. And the median was -55.94%.
BSP:AHEB5's Return-on-Tangible-Equity is ranked better than 71.95% of 795
companies
in the Travel & Leisure industry
Industry Median: 7.71
vs BSP:AHEB5: 18.84
Sao Paulo Turismo (BSP:AHEB5) Return-on-Tangible-Equity Explanation
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.
Sao Paulo Turismo Return-on-Tangible-Equity Related Terms
Sao Paulo Turismo Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Sao Paulo Turismo'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.
BSP:AHEB5 vs BKNG, ABNB, RCL: Return-on-Tangible-Equity Comparison
For the Travel Services subindustry, Sao Paulo Turismo'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.
Sao Paulo Turismo Return-on-Tangible-Equity vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Sao Paulo Turismo's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Sao Paulo Turismo'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 11.71% mean?
Sao Paulo Turismo (BSP:AHEB5) has a Return-on-Tangible-Equity of 11.71% 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 Sao Paulo Turismo and its competitors. According to the industry distribution chart, Sao Paulo Turismo ranks #223 out of 795 companies in the Travel & Leisure industry, placing it in the top 28.1%.
Is Sao Paulo Turismo's Return-on-Tangible-Equity too high?
Sao Paulo Turismo's current Return-on-Tangible-Equity is 11.71%. The Travel & Leisure industry median Return-on-Tangible-Equity is 7.71. Sao Paulo Turismo's value of 11.71% is 51.9% above this industry median. Based on the distribution chart, Sao Paulo Turismo ranks #223 out of 795 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Sao Paulo Turismo has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does Sao Paulo Turismo's Return-on-Tangible-Equity compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Sao Paulo Turismo ranks #223 out of 795 companies for Return-on-Tangible-Equity. This puts Sao Paulo Turismo in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.71. Sao Paulo Turismo's value of 11.71% is 51.9% above this benchmark. 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 Travel & Leisure company?
The median Return-on-Tangible-Equity among Travel & Leisure companies is 7.71, based on 795 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. Sao Paulo Turismo's current Return-on-Tangible-Equity of 11.71% is 51.9% 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 Sao Paulo Turismo and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Equity is 7.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sao Paulo Turismo's current Return-on-Tangible-Equity is 11.71%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sao Paulo Turismo stock overvalued right now?
Sao Paulo Turismo (BSP:AHEB5) has a current Return-on-Tangible-Equity of 11.71%. The stock's GF Value™ is R$63.34, compared to a current price of R$58.00 — trading 8.4% below its estimated fair value. The current Return-on-Tangible-Equity is 11.71% and 51.9% above the Travel & Leisure industry median of 7.71. Sao Paulo Turismo's overall GF Score™ is 46/100 with 3 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 Sao Paulo Turismo (BSP:AHEB5), the current Return-on-Tangible-Equity is 11.71% 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 Sao Paulo Turismo (BSP:AHEB5) Overvalued in 2026?
Based on GuruFocus' analysis, Sao Paulo Turismo stock appears to be undervalued.
The current stock price of R$58.00 is trading 8.4% below its estimated GF Value™ of R$63.34.
Key valuation signals for BSP:AHEB5:
Return-on-Tangible-Equity: 11.71%
GF Value™: R$63.34 vs. price of R$58.00 (8.4% below fair value)
Industry Position: 51.9% above the Travel & Leisure median (#223 of 795)
No single metric tells the full story. See the BSP:AHEB5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sao Paulo Turismo SA is a tourism & event organizing company. It is engaged in organizing & operation of events, exhibitions, fairs, carnivals & promoting business, entertainment, culture & tourism in the city of Sao Paulo.
46GF Score
Get the complete analysis for BSP:AHEB5
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BSP:AHEB5 has been successfully added to your 
