AlpargatasBSP:ALPA3 -1.60%71 Return-on-Tangible-Equity is 22.27% as of Mar. 2026, which is 46% above its 10-year median of 15.27. GuruFocus rates BSP:ALPA3 with a GF Score™ of 71/100 and a GF Value™ of R$8.23 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,011 Manufacturing - Apparel & Accessories companies, Alpargatas ranks better than 86.65% 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. Alpargatas's annualized net income for the quarter that ended in Mar. 2026 was R$651 Mil. Alpargatas's average shareholder tangible equity for the quarter that ended in Mar. 2026 was R$2,924 Mil. Therefore, Alpargatas's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 22.27%.
The historical rank and industry rank for Alpargatas's Return-on-Tangible-Equity or its related term are showing as below:
BSP:ALPA3'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -44.45 Med: 15.27 Max: 28.96
Current: 18.21
During the past 13 years, Alpargatas's highest Return-on-Tangible-Equity was 28.96%. The lowest was -44.45%. And the median was 15.27%.
BSP:ALPA3's Return-on-Tangible-Equity is ranked better than 86.65% of 1011
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.43
vs BSP:ALPA3: 18.21
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.
Alpargatas Return-on-Tangible-Equity Related Terms
Alpargatas Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Alpargatas'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:ALPA3 vs NKE, DECK, ONON: Return-on-Tangible-Equity Comparison
For the Footwear & Accessories subindustry, Alpargatas'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.
Alpargatas Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Alpargatas's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Alpargatas'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 22.27% mean?
Alpargatas (BSP:ALPA3) has a Return-on-Tangible-Equity of 22.27% 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 Alpargatas and its competitors. This is 46% above median its historical median of 15.27. According to the industry distribution chart, Alpargatas ranks #135 out of 1011 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 13.4%.
Is Alpargatas' Return-on-Tangible-Equity too high?
Alpargatas' current Return-on-Tangible-Equity of 22.27% is 46% above median its 10-year median of 15.27. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Equity is 4.43. Alpargatas' value of 22.27% is 402.7% above this industry median. Based on the distribution chart, Alpargatas ranks #135 out of 1011 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Alpargatas has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alpargatas' Return-on-Tangible-Equity compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Alpargatas ranks #135 out of 1011 companies for Return-on-Tangible-Equity. This places Alpargatas in the top 13% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.43. Alpargatas' value of 22.27% is 402.7% above this benchmark. While the company's 10-year median is 15.27 vs. the industry median of 4.43, Alpargatas 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Equity among Manufacturing - Apparel & Accessories companies is 4.43, based on 1,011 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. Alpargatas's current Return-on-Tangible-Equity of 22.27% is 402.7% 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 Alpargatas and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Equity is 4.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alpargatas's current Return-on-Tangible-Equity is 22.27%, which is 46% above median its own 10-year median of 15.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alpargatas stock overvalued right now?
Based on GuruFocus' analysis, Alpargatas (BSP:ALPA3) is currently considered Modestly Overvalued. The stock's GF Value™ is R$8.23, compared to a current price of R$9.25 — trading 12.4% above its estimated fair value. The current Return-on-Tangible-Equity is 22.27%, which is 46% above median its 10-year median of 15.27 and 402.7% above the Manufacturing - Apparel & Accessories industry median of 4.43. Alpargatas' overall GF Score™ is 71/100 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 Alpargatas (BSP:ALPA3), the current Return-on-Tangible-Equity is 22.27% 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 Alpargatas (BSP:ALPA3) Overvalued in 2026?
Based on GuruFocus' analysis, Alpargatas stock appears to be overvalued.
The current stock price of R$9.25 is trading 12.4% above its estimated GF Value™ of R$8.23.
GuruFocus considers Alpargatas to be Modestly Overvalued.
Key valuation signals for BSP:ALPA3:
Return-on-Tangible-Equity: 22.27% (46% above median its 10-year median of 15.27)
GF Value™: R$8.23 vs. price of R$9.25 (12.4% above fair value)
Industry Position: 402.7% above the Manufacturing - Apparel & Accessories median (#135 of 1011)
No single metric tells the full story. See the BSP:ALPA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alpargatas SA primarily manufactures footwear, apparel, and sports items. Brands the company owns or manufactures under license include Havaianas, dupe, Osklen, Mizuno, Megga, and Sete Leguas. Alpargatas reaches consumers through third-party retailers and through its own retail stores. Most of the company's sales are in Brazil and Argentina, with sales in Brazil accounting for more than half of the company's total sales. Remaining revenue is generated by the company's subsidiaries in Europe and the United States, and through direct exports.
71GF Score
Get the complete analysis for BSP:ALPA3
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:ALPA3 has been successfully added to your 
