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Azzas 2154BSP:AZZA3 -5.83%78 Return-on-Tangible-Equity is 3.42% as of Mar. 2026, which is 86% below its 10-year median of 23.93. GuruFocus rates BSP:AZZA3 with a GF Score™ of 78/100 and a GF Value™ of R$50.93 (Possible Value Trap). The stock has 10 warning signs investors should review. Among 1,018 Manufacturing - Apparel & Accessories companies, Azzas 2154 ranks better than 86.15% 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. Azzas 2154's annualized net income for the quarter that ended in Mar. 2026 was R$154 Mil. Azzas 2154's average shareholder tangible equity for the quarter that ended in Mar. 2026 was R$4,517 Mil. Therefore, Azzas 2154's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 3.42%.
The historical rank and industry rank for Azzas 2154's Return-on-Tangible-Equity or its related term are showing as below:
BSP:AZZA3'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.17 Med: 23.93 Max: 60.71
Current: 18.18
During the past 13 years, Azzas 2154's highest Return-on-Tangible-Equity was 60.71%. The lowest was 8.17%. And the median was 23.93%.
BSP:AZZA3's Return-on-Tangible-Equity is ranked better than 86.15% of 1018
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.425
vs BSP:AZZA3: 18.18
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.
Azzas 2154 Return-on-Tangible-Equity Related Terms
Azzas 2154 Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Azzas 2154'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:AZZA3 vs NKE, DECK, ONON: Return-on-Tangible-Equity Comparison
For the Footwear & Accessories subindustry, Azzas 2154'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.
Azzas 2154 Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Azzas 2154's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Azzas 2154'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 3.42% mean?
Azzas 2154 (BSP:AZZA3) has a Return-on-Tangible-Equity of 3.42% 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 Azzas 2154 and its competitors. This is 86% below median its historical median of 23.93. Over the past decade, Azzas 2154's Return-on-Tangible-Equity has ranged from 8.17 to 60.71. According to the industry distribution chart, Azzas 2154 ranks #141 out of 1018 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 13.9%.
Is Azzas 2154's Return-on-Tangible-Equity too high?
Azzas 2154's current Return-on-Tangible-Equity of 3.42% is 86% below median its 10-year median of 23.93. Over the past 10 years, this metric has ranged from a low of 8.17 to a high of 60.71. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Equity is 4.43. Azzas 2154's value of 3.42% is 22.7% below this industry median. Based on the distribution chart, Azzas 2154 ranks #141 out of 1018 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Azzas 2154 has a GF Score™ of 78/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Azzas 2154's Return-on-Tangible-Equity compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Azzas 2154 ranks #141 out of 1018 companies for Return-on-Tangible-Equity. This places Azzas 2154 in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.43. Azzas 2154's value of 3.42% is 22.7% below this benchmark. Historically, Azzas 2154's own Return-on-Tangible-Equity has ranged from 8.17 to 60.71 over the past decade. While the company's 10-year median is 23.93 vs. the industry median of 4.43, Azzas 2154 has consistently been below 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 1,018 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. Azzas 2154's current Return-on-Tangible-Equity of 3.42% is 22.7% below 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 Azzas 2154 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. Azzas 2154's current Return-on-Tangible-Equity is 3.42%, which is 86% below median its own 10-year median of 23.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azzas 2154 stock overvalued right now?
Based on GuruFocus' analysis, Azzas 2154 (BSP:AZZA3) is currently considered Possible Value Trap. The stock's GF Value™ is R$50.93, compared to a current price of R$15.86 — trading 68.9% below its estimated fair value. The current Return-on-Tangible-Equity is 3.42%, which is 86% below median its 10-year median of 23.93 and 22.7% below the Manufacturing - Apparel & Accessories industry median of 4.43. Azzas 2154's overall GF Score™ is 78/100 with 10 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 Azzas 2154 (BSP:AZZA3), the current Return-on-Tangible-Equity is 3.42% 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 Azzas 2154 (BSP:AZZA3) Overvalued in 2026?
Based on GuruFocus' analysis, Azzas 2154 stock appears to be undervalued.
The current stock price of R$15.86 is trading 68.9% below its estimated GF Value™ of R$50.93.
GuruFocus considers Azzas 2154 to be Possible Value Trap.
Key valuation signals for BSP:AZZA3:
Return-on-Tangible-Equity: 3.42% (86% below median its 10-year median of 23.93)
GF Value™: R$50.93 vs. price of R$15.86 (68.9% below fair value)
Industry Position: 22.7% below the Manufacturing - Apparel & Accessories median (#141 of 1018)
No single metric tells the full story. See the BSP:AZZA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Azzas 2154 SA, along with its subsidiaries, is engaged in the manufacturing, development, modeling and retail and wholesale trade of footwear, handbags, accessories and clothing for the women's, men's and democratic markets, particularly the women's market. The company also operates an online sales channel that makes available products of the brands Arezzo, Schutz, Anacapri, Alexandre Birman, Vans, Vicenza, Farm Rio, Animale, NV, Cris Barros, Maria Filó, Carol Bassi, Fábula, Off Premium, Reserva, Oficina, Foxton, Reserva Mini, Reserva Go, Reserva Ink, Hering, Hering Kids, Hering Sports, Hering Shoes and Hering Intimates. The majority of the company's revenue is derived from the sales of its products.
78GF Score
Get the complete analysis for BSP:AZZA3
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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