Itau Unibanco HoldingBSP:ITUB4 -0.31%65 Return-on-Tangible-Equity is 25.58% as of Mar. 2026, which is 19% above its 10-year median of 21.42. GuruFocus rates BSP:ITUB4 with a GF Score™ of 65/100 and a GF Value™ of R$30.84 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,522 Banks companies, Itau Unibanco Holding ranks better than 94.42% 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. Itau Unibanco Holding's annualized net income for the quarter that ended in Mar. 2026 was R$46,544 Mil. Itau Unibanco Holding's average shareholder tangible equity for the quarter that ended in Mar. 2026 was R$181,973 Mil. Therefore, Itau Unibanco Holding's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 25.58%.
The historical rank and industry rank for Itau Unibanco Holding's Return-on-Tangible-Equity or its related term are showing as below:
BSP:ITUB4'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 15.56 Med: 21.42 Max: 25.09
Current: 25.09
During the past 13 years, Itau Unibanco Holding's highest Return-on-Tangible-Equity was 25.09%. The lowest was 15.56%. And the median was 21.42%.
BSP:ITUB4's Return-on-Tangible-Equity is ranked better than 94.42% of 1522
companies
in the Banks industry
Industry Median: 11.19
vs BSP:ITUB4: 25.09
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.
Itau Unibanco Holding Return-on-Tangible-Equity Related Terms
Itau Unibanco Holding Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Itau Unibanco Holding'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.
For the Banks - Regional subindustry, Itau Unibanco Holding'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.
Itau Unibanco Holding Return-on-Tangible-Equity vs Banks Industry
For the Banks industry and Financial Services sector, Itau Unibanco Holding's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Itau Unibanco Holding'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 25.58% mean?
Itau Unibanco Holding (BSP:ITUB4) has a Return-on-Tangible-Equity of 25.58% 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 Itau Unibanco Holding and its competitors. This is 19% above median its historical median of 21.42. Over the past decade, Itau Unibanco Holding's Return-on-Tangible-Equity has ranged from 15.56 to 25.09. According to the industry distribution chart, Itau Unibanco Holding ranks #85 out of 1522 companies in the Banks industry, placing it in the top 5.6%.
Is Itau Unibanco Holding's Return-on-Tangible-Equity too high?
Itau Unibanco Holding's current Return-on-Tangible-Equity of 25.58% is 19% above median its 10-year median of 21.42. Over the past 10 years, this metric has ranged from a low of 15.56 to a high of 25.09. The Banks industry median Return-on-Tangible-Equity is 11.19. Itau Unibanco Holding's value of 25.58% is 128.6% above this industry median. Based on the distribution chart, Itau Unibanco Holding ranks #85 out of 1522 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Itau Unibanco Holding has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Itau Unibanco Holding's Return-on-Tangible-Equity compare to competitors?
According to the Banks industry distribution chart, Itau Unibanco Holding ranks #85 out of 1522 companies for Return-on-Tangible-Equity. This places Itau Unibanco Holding in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 11.19. Itau Unibanco Holding's value of 25.58% is 128.6% above this benchmark. Historically, Itau Unibanco Holding's own Return-on-Tangible-Equity has ranged from 15.56 to 25.09 over the past decade. While the company's 10-year median is 21.42 vs. the industry median of 11.19, Itau Unibanco Holding 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 11.19, based on 1,522 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. Itau Unibanco Holding's current Return-on-Tangible-Equity of 25.58% is 128.6% 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 Itau Unibanco Holding and its competitors. For the Banks industry, the median Return-on-Tangible-Equity is 11.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Itau Unibanco Holding's current Return-on-Tangible-Equity is 25.58%, which is 19% above median its own 10-year median of 21.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Itau Unibanco Holding stock overvalued right now?
Based on GuruFocus' analysis, Itau Unibanco Holding (BSP:ITUB4) is currently considered Significantly Overvalued. The stock's GF Value™ is R$30.84, compared to a current price of R$42.43 — trading 37.6% above its estimated fair value. The current Return-on-Tangible-Equity is 25.58%, which is 19% above median its 10-year median of 21.42 and 128.6% above the Banks industry median of 11.19. Itau Unibanco Holding's overall GF Score™ is 65/100 with 9 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 Itau Unibanco Holding (BSP:ITUB4), the current Return-on-Tangible-Equity is 25.58% 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 Itau Unibanco Holding (BSP:ITUB4) Overvalued in 2026?
Based on GuruFocus' analysis, Itau Unibanco Holding stock appears to be overvalued.
The current stock price of R$42.43 is trading 37.6% above its estimated GF Value™ of R$30.84.
GuruFocus considers Itau Unibanco Holding to be Significantly Overvalued.
Key valuation signals for BSP:ITUB4:
Return-on-Tangible-Equity: 25.58% (19% above median its 10-year median of 21.42)
GF Value™: R$30.84 vs. price of R$42.43 (37.6% above fair value)
Industry Position: 128.6% above the Banks median (#85 of 1522)
No single metric tells the full story. See the BSP:ITUB4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Itaú Unibanco is the largest privately held bank in Brazil, the result of the 2008 merger between Banco Itaú and Unibanco. In addition to Brazil, the bank has significant operations in Chile, Colombia, Argentina, Uruguay, and Paraguay. Itaú's commercial and consumer loans account for 35% and 43% of the bank's total loans, respectively, while foreign loans account for 22% of its portfolio as of the end of 2025. The bank also operates the fifth-largest insurer in Brazil and is the second-largest asset manager in the country, giving it broad reach over the Brazilian financial system.
65GF Score
Get the complete analysis for BSP:ITUB4
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:ITUB4 has been successfully added to your 
