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. Banestes Banco Estado Espirito's annualized net income for the quarter that ended in Mar. 2026 was R$391 Mil. Banestes Banco Estado Espirito's average shareholder tangible equity for the quarter that ended in Mar. 2026 was R$2,038 Mil. Therefore, Banestes Banco Estado Espirito's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 19.21%.
The historical rank and industry rank for Banestes Banco Estado Espirito's Return-on-Tangible-Equity or its related term are showing as below:
BSP:BEES4'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 12.99 Med: 15.11 Max: 22.34
Current: 16.38
During the past 13 years, Banestes Banco Estado Espirito's highest Return-on-Tangible-Equity was 22.34%. The lowest was 12.99%. And the median was 15.11%.
BSP:BEES4's Return-on-Tangible-Equity is ranked better than 79.75% of 1526
companies
in the Banks industry
Industry Median: 11.195
vs BSP:BEES4: 16.38
Banestes Banco Estado Espirito (BSP:BEES4) 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.
Banestes Banco Estado Espirito Return-on-Tangible-Equity Related Terms
Banestes Banco Estado Espirito Return-on-Tangible-Equity 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.
Banestes Banco Estado Espirito Return-on-Tangible-Equity Chart
Banestes Banco Estado Espirito Return-on-Tangible-Equity Competitor Comparison
For the Banks - Regional subindustry, Banestes Banco Estado Espirito'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.
Banestes Banco Estado Espirito Return-on-Tangible-Equity vs Banks Industry
For the Banks industry and Financial Services sector, Banestes Banco Estado Espirito's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Banestes Banco Estado Espirito'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 19.21% mean?
Banestes Banco Estado Espirito (BSP:BEES4) has a Return-on-Tangible-Equity of 19.21% 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 Banestes Banco Estado Espirito and its competitors. This is 27% above median its historical median of 15.11. Over the past decade, Banestes Banco Estado Espirito's Return-on-Tangible-Equity has ranged from 12.99 to 22.34. According to the industry distribution chart, Banestes Banco Estado Espirito ranks #309 out of 1526 companies in the Banks industry, placing it in the top 20.2%.
Is Banestes Banco Estado Espirito's Return-on-Tangible-Equity too high?
Banestes Banco Estado Espirito's current Return-on-Tangible-Equity of 19.21% is 27% above median its 10-year median of 15.11. Over the past 10 years, this metric has ranged from a low of 12.99 to a high of 22.34. The Banks industry median Return-on-Tangible-Equity is 11.20. Banestes Banco Estado Espirito's value of 19.21% is 71.6% above this industry median. Based on the distribution chart, Banestes Banco Estado Espirito ranks #309 out of 1526 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Banestes Banco Estado Espirito has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Banestes Banco Estado Espirito's Return-on-Tangible-Equity compare to competitors?
According to the Banks industry distribution chart, Banestes Banco Estado Espirito ranks #309 out of 1526 companies for Return-on-Tangible-Equity. This places Banestes Banco Estado Espirito in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 11.20. Banestes Banco Estado Espirito's value of 19.21% is 71.6% above this benchmark. Historically, Banestes Banco Estado Espirito's own Return-on-Tangible-Equity has ranged from 12.99 to 22.34 over the past decade. While the company's 10-year median is 15.11 vs. the industry median of 11.20, Banestes Banco Estado Espirito 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 Banks company?
The median Return-on-Tangible-Equity among Banks companies is 11.20, based on 1,526 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. Banestes Banco Estado Espirito's current Return-on-Tangible-Equity of 19.21% is 71.6% 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 Banestes Banco Estado Espirito and its competitors. For the Banks industry, the median Return-on-Tangible-Equity is 11.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Banestes Banco Estado Espirito's current Return-on-Tangible-Equity is 19.21%, which is 27% above median its own 10-year median of 15.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banestes Banco Estado Espirito stock overvalued right now?
Based on GuruFocus' analysis, Banestes Banco Estado Espirito (BSP:BEES4) is currently considered Fairly Valued. The stock's GF Value™ is R$7.97, compared to a current price of R$8.80 — trading 10.4% above its estimated fair value. The current Return-on-Tangible-Equity is 19.21%, which is 27% above median its 10-year median of 15.11 and 71.6% above the Banks industry median of 11.20. Banestes Banco Estado Espirito's overall GF Score™ is 60/100 with 7 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 Banestes Banco Estado Espirito (BSP:BEES4), the current Return-on-Tangible-Equity is 19.21% 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 Banestes Banco Estado Espirito (BSP:BEES4) Overvalued in 2026?
Based on GuruFocus' analysis, Banestes Banco Estado Espirito stock appears to be overvalued.
The current stock price of R$8.80 is trading 10.4% above its estimated GF Value™ of R$7.97.
GuruFocus considers Banestes Banco Estado Espirito to be Fairly Valued.
Key valuation signals for BSP:BEES4:
Return-on-Tangible-Equity: 19.21% (27% above median its 10-year median of 15.11)
GF Value™: R$7.97 vs. price of R$8.80 (10.4% above fair value)
Industry Position: 71.6% above the Banks median (#309 of 1526)
No single metric tells the full story. See the BSP:BEES4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Banestes Banco Estado Espirito Business Description
Banestes SA Banco Estado Espirito operates as a bank. Its activities are focused on the credit operations. It also operates in foreign exchange market, offering products geared mainly to finance imports and exports like letter of credit. The Bank offers credit, securities brokerage services, foreign exchange, and other financial services.
60GF Score
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