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.
Patria Renda Urbana - Fundo De Investimento Imobiliario Resp (BSP:HGRU11) 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.
Patria Renda Urbana - Fundo De Investimento Imobiliario Resp Return-on-Tangible-Equity Related Terms
Patria Renda Urbana - Fundo De Investimento Imobiliario Resp 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.
Patria Renda Urbana - Fundo De Investimento Imobiliario Resp Return-on-Tangible-Equity Chart
Patria Renda Urbana - Fundo De Investimento Imobiliario Resp Annual Data
* 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.
Patria Renda Urbana - Fundo De Investimento Imobiliario Resp Return-on-Tangible-Equity vs REITs Industry
* 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 11.77% mean?
Patria Renda Urbana - Fundo De Investimento Imobiliario Resp (BSP:HGRU11) has a Return-on-Tangible-Equity of 11.77% 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 Patria Renda Urbana - Fundo De Investimento Imobiliario Resp and its competitors. This is near median its historical median of 11.77. Over the past decade, Patria Renda Urbana - Fundo De Investimento Imobiliario Resp's Return-on-Tangible-Equity has ranged from 6.07 to 13.31. According to the industry distribution chart, Patria Renda Urbana - Fundo De Investimento Imobiliario Resp ranks #192 out of 920 companies in the REITs industry, placing it in the top 20.9%.
Is Patria Renda Urbana - Fundo De Investimento Imobiliario Resp's Return-on-Tangible-Equity too high?
Patria Renda Urbana - Fundo De Investimento Imobiliario Resp's current Return-on-Tangible-Equity of 11.77% is near median its 10-year median of 11.77. Over the past 10 years, this metric has ranged from a low of 6.07 to a high of 13.31. The REITs industry median Return-on-Tangible-Equity is 6.28. Patria Renda Urbana - Fundo De Investimento Imobiliario Resp's value of 11.77% is 87.6% above this industry median. Based on the distribution chart, Patria Renda Urbana - Fundo De Investimento Imobiliario Resp ranks #192 out of 920 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Patria Renda Urbana - Fundo De Investimento Imobiliario Resp has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Patria Renda Urbana - Fundo De Investimento Imobiliario Resp's Return-on-Tangible-Equity compare to VICI and WPC?
According to the REITs industry distribution chart, Patria Renda Urbana - Fundo De Investimento Imobiliario Resp ranks #192 out of 920 companies for Return-on-Tangible-Equity. This places Patria Renda Urbana - Fundo De Investimento Imobiliario Resp in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.28. Patria Renda Urbana - Fundo De Investimento Imobiliario Resp's value of 11.77% is 87.6% above this benchmark. Historically, Patria Renda Urbana - Fundo De Investimento Imobiliario Resp's own Return-on-Tangible-Equity has ranged from 6.07 to 13.31 over the past decade. While the company's 10-year median is 11.77 vs. the industry median of 6.28, Patria Renda Urbana - Fundo De Investimento Imobiliario Resp 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 REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.28, based on 920 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. Patria Renda Urbana - Fundo De Investimento Imobiliario Resp's current Return-on-Tangible-Equity of 11.77% is 87.6% 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 Patria Renda Urbana - Fundo De Investimento Imobiliario Resp and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Patria Renda Urbana - Fundo De Investimento Imobiliario Resp's current Return-on-Tangible-Equity is 11.77%, which is near median its own 10-year median of 11.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Patria Renda Urbana - Fundo De Investimento Imobiliario Resp stock overvalued right now?
Based on GuruFocus' analysis, Patria Renda Urbana - Fundo De Investimento Imobiliario Resp (BSP:HGRU11) is currently considered Modestly Overvalued. The stock's GF Value™ is R$107.59, compared to a current price of R$122.68 — trading 14% above its estimated fair value. The current Return-on-Tangible-Equity is 11.77%, which is near median its 10-year median of 11.77 and 87.6% above the REITs industry median of 6.28. Patria Renda Urbana - Fundo De Investimento Imobiliario Resp's overall GF Score™ is 70/100 with 4 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 Patria Renda Urbana - Fundo De Investimento Imobiliario Resp (BSP:HGRU11), the current Return-on-Tangible-Equity is 11.77% 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 Patria Renda Urbana - Fundo De Investimento Imobiliario Resp (BSP:HGRU11) Overvalued in 2026?
Based on GuruFocus' analysis, Patria Renda Urbana - Fundo De Investimento Imobiliario Resp stock appears to be overvalued.
The current stock price of R$122.68 is trading 14% above its estimated GF Value™ of R$107.59.
GuruFocus considers Patria Renda Urbana - Fundo De Investimento Imobiliario Resp to be Modestly Overvalued.
Key valuation signals for BSP:HGRU11:
Return-on-Tangible-Equity: 11.77% (near median its 10-year median of 11.77)
GF Value™: R$107.59 vs. price of R$122.68 (14% above fair value)
Industry Position: 87.6% above the REITs median (#192 of 920)
No single metric tells the full story. See the BSP:HGRU11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Patria Renda Urbana - Fundo De Investimento Imobiliario Resp Ltd formerly Credit Suisse Hedging-Griffo CV SA is engaged in the development of urban real estate projects for institutional and commercial use, that potentially generate income through sale, lease, or rental, prioritizing the acquisition of institutional or commercial real estate projects other than office buildings, shopping malls, or logistics facilities.
70GF Score
Get the complete analysis for BSP:HGRU11
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:HGRU11 has been successfully added to your 
