Itausa Investimentos ITAUBSP:ITSA3 -0.74%75 Return-on-Tangible-Equity is 19.90% as of Mar. 2026, which is 10% above its 10-year median of 18.02. GuruFocus rates BSP:ITSA3 with a GF Score™ of 75/100 and a GF Value™ of R$10.23 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 551 Conglomerates companies, Itausa Investimentos ITAU ranks better than 80.76% 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. Itausa Investimentos ITAU's annualized net income for the quarter that ended in Mar. 2026 was R$17,640 Mil. Itausa Investimentos ITAU's average shareholder tangible equity for the quarter that ended in Mar. 2026 was R$88,646 Mil. Therefore, Itausa Investimentos ITAU's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 19.90%.
The historical rank and industry rank for Itausa Investimentos ITAU's Return-on-Tangible-Equity or its related term are showing as below:
BSP:ITSA3'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 12.7 Med: 18.02 Max: 20.04
Current: 19.11
During the past 13 years, Itausa Investimentos ITAU's highest Return-on-Tangible-Equity was 20.04%. The lowest was 12.70%. And the median was 18.02%.
BSP:ITSA3's Return-on-Tangible-Equity is ranked better than 80.76% of 551
companies
in the Conglomerates industry
Industry Median: 7.44
vs BSP:ITSA3: 19.11
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.
Itausa Investimentos ITAU Return-on-Tangible-Equity Related Terms
Itausa Investimentos ITAU Return-on-Tangible-Equity Historical Data
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The historical data trend for Itausa Investimentos ITAU'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:ITSA3 vs HON, MMM: Return-on-Tangible-Equity Comparison
For the Conglomerates subindustry, Itausa Investimentos ITAU'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.
Itausa Investimentos ITAU Return-on-Tangible-Equity vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Itausa Investimentos ITAU's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Itausa Investimentos ITAU'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 19.90% mean?
Itausa Investimentos ITAU (BSP:ITSA3) has a Return-on-Tangible-Equity of 19.90% 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 Itausa Investimentos ITAU and its competitors. This is 10% above median its historical median of 18.02. Over the past decade, Itausa Investimentos ITAU's Return-on-Tangible-Equity has ranged from 12.70 to 20.04. According to the industry distribution chart, Itausa Investimentos ITAU ranks #106 out of 551 companies in the Conglomerates industry, placing it in the top 19.2%.
Is Itausa Investimentos ITAU's Return-on-Tangible-Equity too high?
Itausa Investimentos ITAU's current Return-on-Tangible-Equity of 19.90% is 10% above median its 10-year median of 18.02. Over the past 10 years, this metric has ranged from a low of 12.70 to a high of 20.04. The Conglomerates industry median Return-on-Tangible-Equity is 7.44. Itausa Investimentos ITAU's value of 19.90% is 167.5% above this industry median. Based on the distribution chart, Itausa Investimentos ITAU ranks #106 out of 551 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Itausa Investimentos ITAU has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Itausa Investimentos ITAU's Return-on-Tangible-Equity compare to HON and MMM?
According to the Conglomerates industry distribution chart, Itausa Investimentos ITAU ranks #106 out of 551 companies for Return-on-Tangible-Equity. This places Itausa Investimentos ITAU in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.44. Itausa Investimentos ITAU's value of 19.90% is 167.5% above this benchmark. Historically, Itausa Investimentos ITAU's own Return-on-Tangible-Equity has ranged from 12.70 to 20.04 over the past decade. While the company's 10-year median is 18.02 vs. the industry median of 7.44, Itausa Investimentos ITAU 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 Conglomerates company?
The median Return-on-Tangible-Equity among Conglomerates companies is 7.44, based on 551 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. Itausa Investimentos ITAU's current Return-on-Tangible-Equity of 19.90% is 167.5% 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 Itausa Investimentos ITAU and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Equity is 7.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Itausa Investimentos ITAU's current Return-on-Tangible-Equity is 19.90%, which is 10% above median its own 10-year median of 18.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Itausa Investimentos ITAU stock overvalued right now?
Based on GuruFocus' analysis, Itausa Investimentos ITAU (BSP:ITSA3) is currently considered Significantly Overvalued. The stock's GF Value™ is R$10.23, compared to a current price of R$13.50 — trading 32% above its estimated fair value. The current Return-on-Tangible-Equity is 19.90%, which is 10% above median its 10-year median of 18.02 and 167.5% above the Conglomerates industry median of 7.44. Itausa Investimentos ITAU's overall GF Score™ is 75/100 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 Itausa Investimentos ITAU (BSP:ITSA3), the current Return-on-Tangible-Equity is 19.90% 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 Itausa Investimentos ITAU (BSP:ITSA3) Overvalued in 2026?
Based on GuruFocus' analysis, Itausa Investimentos ITAU stock appears to be overvalued.
The current stock price of R$13.50 is trading 32% above its estimated GF Value™ of R$10.23.
GuruFocus considers Itausa Investimentos ITAU to be Significantly Overvalued.
Key valuation signals for BSP:ITSA3:
Return-on-Tangible-Equity: 19.90% (10% above median its 10-year median of 18.02)
GF Value™: R$10.23 vs. price of R$13.50 (32% above fair value)
Industry Position: 167.5% above the Conglomerates median (#106 of 551)
No single metric tells the full story. See the BSP:ITSA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Itausa Investimentos ITAU SA is a Brazilian investment holding company. The purpose of the company is to hold equity interests in other companies, in Brazil or abroad, for investment in any sectors of the economy, including through investment funds, disseminating among its investees its principles of appreciation of human capital, governance, and ethics in business. Its portfolio consists of brands such as Itau Unibanco, Motiva, Alpargatas, Aegea, Copa Energia, and Nova Transportadora do Sudeste (NTS). The majority of the revenue for the company is generated from Itau Unibanco, which is a banking institution that offers, directly or using its subsidiaries, a broad range of credit products and other financial services to a diversified individual & corporate client base in Brazil and abroad.
75GF Score
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