Melnick Desenvolvimento Imobiliario (BSP:MELK3) Return-on-Tangible-Equity: 9.36% (As of Mar. 2026) — Near Median

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BSP:MELK3 Melnick Desenvolvimento Imobiliario SA BSP:MELK3
74 GF Score
Price R$3.00
GF Value R$3.93
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Melnick Desenvolvimento Imobiliario Return-on-Tangible-Equity?

Melnick Desenvolvimento Imobiliario BSP:MELK3 -5.36% 74 Return-on-Tangible-Equity is 9.36% as of Mar. 2026, which is 1% above its 10-year median of 9.24. GuruFocus rates BSP:MELK3 with a GF Score™ of 74/100 and a GF Value™ of R$3.93 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,714 Real Estate companies, Melnick Desenvolvimento Imobiliario ranks better than 75.5% 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. Melnick Desenvolvimento Imobiliario's annualized net income for the quarter that ended in Mar. 2026 was R$100 Mil. Melnick Desenvolvimento Imobiliario's average shareholder tangible equity for the quarter that ended in Mar. 2026 was R$1,070 Mil. Therefore, Melnick Desenvolvimento Imobiliario's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 9.36%.

The historical rank and industry rank for Melnick Desenvolvimento Imobiliario's Return-on-Tangible-Equity or its related term are showing as below:

BSP:MELK3' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.28   Med: 9.24   Max: 11.84
Current: 11.48

During the past 10 years, Melnick Desenvolvimento Imobiliario's highest Return-on-Tangible-Equity was 11.84%. The lowest was 5.28%. And the median was 9.24%.

BSP:MELK3's Return-on-Tangible-Equity is ranked better than
75.5% of 1714 companies
in the Real Estate industry
Industry Median: 4.27 vs BSP:MELK3: 11.48

Melnick Desenvolvimento Imobiliario  (BSP:MELK3) 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.


Melnick Desenvolvimento Imobiliario Return-on-Tangible-Equity Related Terms


Melnick Desenvolvimento Imobiliario Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Melnick Desenvolvimento Imobiliario'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.

Melnick Desenvolvimento Imobiliario Return-on-Tangible-Equity Chart

Melnick Desenvolvimento Imobiliario Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.16 7.15 8.62 5.91 9.86

Melnick Desenvolvimento Imobiliario Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.69 14.57 9.25 12.74 9.36

BSP:MELK3 vs CBRE, BEKE, JLL: Return-on-Tangible-Equity Comparison

For the Real Estate Services subindustry, Melnick Desenvolvimento 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.


Melnick Desenvolvimento Imobiliario Return-on-Tangible-Equity vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Melnick Desenvolvimento Imobiliario's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Melnick Desenvolvimento Imobiliario's Return-on-Tangible-Equity falls into.


BSP:MELK3
74GF Score
Melnick Desenvolvimento Imobiliario SA BSP:MELK3
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Melnick Desenvolvimento Imobiliario Return-on-Tangible-Equity Calculation

Melnick Desenvolvimento Imobiliario's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=112.06/( (1211.035+1062.958 )/ 2 )
=112.06/1136.9965
=9.86 %

Melnick Desenvolvimento Imobiliario's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=100.168/( (1062.958+1076.264)/ 2 )
=100.168/1069.611
=9.36 %

* 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 9.36% mean?
Melnick Desenvolvimento Imobiliario (BSP:MELK3) has a Return-on-Tangible-Equity of 9.36% 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 Melnick Desenvolvimento Imobiliario and its competitors. This is near median its historical median of 9.24. Over the past decade, Melnick Desenvolvimento Imobiliario's Return-on-Tangible-Equity has ranged from 5.28 to 11.84. According to the industry distribution chart, Melnick Desenvolvimento Imobiliario ranks #420 out of 1714 companies in the Real Estate industry, placing it in the top 24.5%.
Is Melnick Desenvolvimento Imobiliario's Return-on-Tangible-Equity too high?
Melnick Desenvolvimento Imobiliario's current Return-on-Tangible-Equity of 9.36% is near median its 10-year median of 9.24. Over the past 10 years, this metric has ranged from a low of 5.28 to a high of 11.84. The Real Estate industry median Return-on-Tangible-Equity is 4.27. Melnick Desenvolvimento Imobiliario's value of 9.36% is 119.2% above this industry median. Based on the distribution chart, Melnick Desenvolvimento Imobiliario ranks #420 out of 1714 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Melnick Desenvolvimento Imobiliario has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Melnick Desenvolvimento Imobiliario's Return-on-Tangible-Equity compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Melnick Desenvolvimento Imobiliario ranks #420 out of 1714 companies for Return-on-Tangible-Equity. This places Melnick Desenvolvimento Imobiliario in the top 25% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.27. Melnick Desenvolvimento Imobiliario's value of 9.36% is 119.2% above this benchmark. Historically, Melnick Desenvolvimento Imobiliario's own Return-on-Tangible-Equity has ranged from 5.28 to 11.84 over the past decade. While the company's 10-year median is 9.24 vs. the industry median of 4.27, Melnick Desenvolvimento 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 a Real Estate company?
The median Return-on-Tangible-Equity among Real Estate companies is 4.27, based on 1,714 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. Melnick Desenvolvimento Imobiliario's current Return-on-Tangible-Equity of 9.36% is 119.2% 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 Melnick Desenvolvimento Imobiliario and its competitors. For the Real Estate industry, the median Return-on-Tangible-Equity is 4.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Melnick Desenvolvimento Imobiliario's current Return-on-Tangible-Equity is 9.36%, which is near median its own 10-year median of 9.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Melnick Desenvolvimento Imobiliario stock overvalued right now?
Based on GuruFocus' analysis, Melnick Desenvolvimento Imobiliario (BSP:MELK3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$3.93, compared to a current price of R$3.00 — trading 23.7% below its estimated fair value. The current Return-on-Tangible-Equity is 9.36%, which is near median its 10-year median of 9.24 and 119.2% above the Real Estate industry median of 4.27. Melnick Desenvolvimento Imobiliario's overall GF Score™ is 74/100 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 Melnick Desenvolvimento Imobiliario (BSP:MELK3), the current Return-on-Tangible-Equity is 9.36% 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 Melnick Desenvolvimento Imobiliario (BSP:MELK3) Overvalued in 2026?

Based on GuruFocus' analysis, Melnick Desenvolvimento Imobiliario stock appears to be undervalued. The current stock price of R$3.00 is trading 23.7% below its estimated GF Value™ of R$3.93. GuruFocus considers Melnick Desenvolvimento Imobiliario to be Modestly Undervalued.

Key valuation signals for BSP:MELK3:

  • Return-on-Tangible-Equity: 9.36% (near median its 10-year median of 9.24)
  • GF Value™: R$3.93 vs. price of R$3.00 (23.7% below fair value)
  • GF Score™: 74/100 with 7 warning signs
  • Industry Position: 119.2% above the Real Estate median (#420 of 1714)

No single metric tells the full story. See the BSP:MELK3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Melnick Desenvolvimento Imobiliario Business Description

Address Rua Carlos Trein Filho, 551 - Auxiliadora, Porto Alegre, RS, BRA
Melnick Desenvolvimento Imobiliario SA formerly Melnick Even Desenvolvimento Imobiliario SA operates in the real estate industry. The company is engaged in the business of real estate development and management in Brazil.
74GF Score

Get the complete analysis for BSP:MELK3

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$3.00
Price
R$3.93
GF Value