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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.
Hsi Ativos Financeiros Fundos Investimentos Imoliarios Return-on-Tangible-Equity Related Terms
Hsi Ativos Financeiros Fundos Investimentos Imoliarios 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.
Hsi Ativos Financeiros Fundos Investimentos Imoliarios Annual Data
Trend
Jun21
Jun22
Jun23
Jun24
Jun25
Return-on-Tangible-Equity
4.57
11.53
14.44
6.35
11.61
Hsi Ativos Financeiros Fundos Investimentos Imoliarios Semi-Annual Data
Jun21
Jun22
Jun23
Jun24
Jun25
Return-on-Tangible-Equity
4.57
11.53
14.44
6.35
11.61
BSP:HSAF11 vs VICI, WPC: Return-on-Tangible-Equity Comparison
For the REIT - Diversified subindustry, Hsi Ativos Financeiros Fundos Investimentos Imoliarios'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.
Hsi Ativos Financeiros Fundos Investimentos Imoliarios 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 (Jun. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 11.61% mean?
Hsi Ativos Financeiros Fundos Investimentos Imoliarios (BSP:HSAF11) has a Return-on-Tangible-Equity of 11.61% as of Jun. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Hsi Ativos Financeiros Fundos Investimentos Imoliarios and its competitors. This is near median its historical median of 11.53. Over the past decade, Hsi Ativos Financeiros Fundos Investimentos Imoliarios' Return-on-Tangible-Equity has ranged from 4.57 to 14.44. According to the industry distribution chart, Hsi Ativos Financeiros Fundos Investimentos Imoliarios ranks #203 out of 934 companies in the REITs industry, placing it in the top 21.7%.
Is Hsi Ativos Financeiros Fundos Investimentos Imoliarios' Return-on-Tangible-Equity too high?
Hsi Ativos Financeiros Fundos Investimentos Imoliarios' current Return-on-Tangible-Equity of 11.61% is near median its 10-year median of 11.53. Over the past 10 years, this metric has ranged from a low of 4.57 to a high of 14.44. The REITs industry median Return-on-Tangible-Equity is 6.28. Hsi Ativos Financeiros Fundos Investimentos Imoliarios' value of 11.61% is 85% above this industry median. Based on the distribution chart, Hsi Ativos Financeiros Fundos Investimentos Imoliarios ranks #203 out of 934 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Hsi Ativos Financeiros Fundos Investimentos Imoliarios has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hsi Ativos Financeiros Fundos Investimentos Imoliarios' Return-on-Tangible-Equity compare to VICI and WPC?
According to the REITs industry distribution chart, Hsi Ativos Financeiros Fundos Investimentos Imoliarios ranks #203 out of 934 companies for Return-on-Tangible-Equity. This places Hsi Ativos Financeiros Fundos Investimentos Imoliarios in the top 22% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.28. Hsi Ativos Financeiros Fundos Investimentos Imoliarios' value of 11.61% is 85% above this benchmark. Historically, Hsi Ativos Financeiros Fundos Investimentos Imoliarios' own Return-on-Tangible-Equity has ranged from 4.57 to 14.44 over the past decade. While the company's 10-year median is 11.53 vs. the industry median of 6.28, Hsi Ativos Financeiros Fundos Investimentos Imoliarios 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 934 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. Hsi Ativos Financeiros Fundos Investimentos Imoliarios's current Return-on-Tangible-Equity of 11.61% is 85% 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 Hsi Ativos Financeiros Fundos Investimentos Imoliarios 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. Hsi Ativos Financeiros Fundos Investimentos Imoliarios's current Return-on-Tangible-Equity is 11.61%, which is near median its own 10-year median of 11.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hsi Ativos Financeiros Fundos Investimentos Imoliarios stock overvalued right now?
Based on GuruFocus' analysis, Hsi Ativos Financeiros Fundos Investimentos Imoliarios (BSP:HSAF11) is currently considered Fairly Valued. The stock's GF Value™ is R$78.91, compared to a current price of R$77.25 — trading 2.1% below its estimated fair value. The current Return-on-Tangible-Equity is 11.61%, which is near median its 10-year median of 11.53 and 85% above the REITs industry median of 6.28. Hsi Ativos Financeiros Fundos Investimentos Imoliarios' overall GF Score™ is 54/100 with 2 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 Hsi Ativos Financeiros Fundos Investimentos Imoliarios (BSP:HSAF11), the current Return-on-Tangible-Equity is 11.61% as of Jun. 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 Hsi Ativos Financeiros Fundos Investimentos Imoliarios (BSP:HSAF11) Overvalued in 2026?
Based on GuruFocus' analysis, Hsi Ativos Financeiros Fundos Investimentos Imoliarios stock appears to be undervalued.
The current stock price of R$77.25 is trading 2.1% below its estimated GF Value™ of R$78.91.
GuruFocus considers Hsi Ativos Financeiros Fundos Investimentos Imoliarios to be Fairly Valued.
Key valuation signals for BSP:HSAF11:
Return-on-Tangible-Equity: 11.61% (near median its 10-year median of 11.53)
GF Value™: R$78.91 vs. price of R$77.25 (2.1% below fair value)
Industry Position: 85% above the REITs median (#203 of 934)
No single metric tells the full story. See the BSP:HSAF11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hsi Ativos Financeiros Fundos Investimentos Imoliarios Business Description
Hsi Ativos Financeiros Fundos Investimentos Imoliarios aims to obtain income and capital gains, through investment, in certificates of real estate receivables.
54GF Score
Get the complete analysis for BSP:HSAF11
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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