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BTG Pactual Credito ImobiliarioBSP:BTCI11 -0.54%60 Return-on-Tangible-Equity is 12.63% as of Dec. 2025, which is 63% above its 10-year median of 7.77. GuruFocus rates BSP:BTCI11 with a GF Score™ of 60/100 and a GF Value™ of R$7.08 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,591 Asset Management companies, BTG Pactual Credito Imobiliario ranks better than 65.56% 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. BTG Pactual Credito Imobiliario's annualized net income for the quarter that ended in Dec. 2025 was R$124.5 Mil. BTG Pactual Credito Imobiliario's average shareholder tangible equity for the quarter that ended in Dec. 2025 was R$985.8 Mil. Therefore, BTG Pactual Credito Imobiliario's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 12.63%.
The historical rank and industry rank for BTG Pactual Credito Imobiliario's Return-on-Tangible-Equity or its related term are showing as below:
BSP:BTCI11'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.05 Med: 7.77 Max: 13.39
Current: 12.63
During the past 8 years, BTG Pactual Credito Imobiliario's highest Return-on-Tangible-Equity was 13.39%. The lowest was 6.05%. And the median was 7.77%.
BSP:BTCI11's Return-on-Tangible-Equity is ranked better than 65.56% of 1591
companies
in the Asset Management industry
Industry Median: 7.21
vs BSP:BTCI11: 12.63
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.
BTG Pactual Credito Imobiliario Return-on-Tangible-Equity Related Terms
BTG Pactual Credito Imobiliario 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.
BSP:BTCI11 vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, BTG Pactual Credito Imobiliario'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.
BTG Pactual Credito Imobiliario Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BTG Pactual Credito Imobiliario's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where BTG Pactual Credito Imobiliario'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 one times the annual (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 12.63% mean?
BTG Pactual Credito Imobiliario (BSP:BTCI11) has a Return-on-Tangible-Equity of 12.63% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on BTG Pactual Credito Imobiliario and its competitors. This is 63% above median its historical median of 7.77. Over the past decade, BTG Pactual Credito Imobiliario's Return-on-Tangible-Equity has ranged from 6.05 to 13.39. According to the industry distribution chart, BTG Pactual Credito Imobiliario ranks #548 out of 1591 companies in the Asset Management industry, placing it in the top 34.4%.
Is BTG Pactual Credito Imobiliario's Return-on-Tangible-Equity too high?
BTG Pactual Credito Imobiliario's current Return-on-Tangible-Equity of 12.63% is 63% above median its 10-year median of 7.77. Over the past 10 years, this metric has ranged from a low of 6.05 to a high of 13.39. The Asset Management industry median Return-on-Tangible-Equity is 7.21. BTG Pactual Credito Imobiliario's value of 12.63% is 75.2% above this industry median. Based on the distribution chart, BTG Pactual Credito Imobiliario ranks #548 out of 1591 companies in the Asset Management industry, which is above the industry midpoint. Overall, BTG Pactual Credito Imobiliario has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BTG Pactual Credito Imobiliario's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, BTG Pactual Credito Imobiliario ranks #548 out of 1591 companies for Return-on-Tangible-Equity. This puts BTG Pactual Credito Imobiliario in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.21. BTG Pactual Credito Imobiliario's value of 12.63% is 75.2% above this benchmark. Historically, BTG Pactual Credito Imobiliario's own Return-on-Tangible-Equity has ranged from 6.05 to 13.39 over the past decade. While the company's 10-year median is 7.77 vs. the industry median of 7.21, BTG Pactual Credito Imobiliario 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 an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.21, based on 1,591 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. BTG Pactual Credito Imobiliario's current Return-on-Tangible-Equity of 12.63% is 75.2% 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 BTG Pactual Credito Imobiliario and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BTG Pactual Credito Imobiliario's current Return-on-Tangible-Equity is 12.63%, which is 63% above median its own 10-year median of 7.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BTG Pactual Credito Imobiliario stock overvalued right now?
Based on GuruFocus' analysis, BTG Pactual Credito Imobiliario (BSP:BTCI11) is currently considered Modestly Overvalued. The stock's GF Value™ is R$7.08, compared to a current price of R$9.14 — trading 29.1% above its estimated fair value. The current Return-on-Tangible-Equity is 12.63%, which is 63% above median its 10-year median of 7.77 and 75.2% above the Asset Management industry median of 7.21. BTG Pactual Credito Imobiliario's overall GF Score™ is 60/100 with 5 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 BTG Pactual Credito Imobiliario (BSP:BTCI11), the current Return-on-Tangible-Equity is 12.63% as of Dec. 2025. 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 BTG Pactual Credito Imobiliario (BSP:BTCI11) Overvalued in 2026?
Based on GuruFocus' analysis, BTG Pactual Credito Imobiliario stock appears to be overvalued.
The current stock price of R$9.14 is trading 29.1% above its estimated GF Value™ of R$7.08.
GuruFocus considers BTG Pactual Credito Imobiliario to be Modestly Overvalued.
Key valuation signals for BSP:BTCI11:
Return-on-Tangible-Equity: 12.63% (63% above median its 10-year median of 7.77)
GF Value™: R$7.08 vs. price of R$9.14 (29.1% above fair value)
Industry Position: 75.2% above the Asset Management median (#548 of 1591)
No single metric tells the full story. See the BSP:BTCI11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BTG Pactual Credito Imobiliario Business Description
BTG Pactual Credito Imobiliario is a real estate fund in the high-grade real estate credit segment. It stands out for the active management of its portfolio, with the primary objective of investing in real estate receivables certificates that offer investors the best return in relation to the risk of operations.
60GF Score
Get the complete analysis for BSP:BTCI11
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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