Patria InvestmentsBSP:P2AX34 67 Return-on-Tangible-Equity is Negative Tangible Equity% as of Dec. 2025. GuruFocus rates BSP:P2AX34 with a GF Score™ of 67/100 and a GF Value™ of R$38.10 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,588 Asset Management companies, Patria Investments ranks better than 99.94% 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. Patria Investments's annualized net income for the quarter that ended in Dec. 2025 was R$754 Mil. Patria Investments's average shareholder tangible equity for the quarter that ended in Dec. 2025 was R$-1,231 Mil. Therefore, Patria Investments's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was Negative Tangible Equity%.
The historical rank and industry rank for Patria Investments's Return-on-Tangible-Equity or its related term are showing as below:
BSP:P2AX34'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 53.63 Med: 114.68 Max: 137.24
Current: Negative Tangible Equity
During the past 8 years, Patria Investments's highest Return-on-Tangible-Equity was 137.24%. The lowest was 53.63%. And the median was 114.68%.
BSP:P2AX34's Return-on-Tangible-Equity is ranked better than 99.94% of 1588
companies
in the Asset Management industry
Industry Median: 7.19
vs BSP:P2AX34: Negative Tangible Equity
Patria Investments (BSP:P2AX34) 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 Investments Return-on-Tangible-Equity Related Terms
Patria Investments Return-on-Tangible-Equity Historical Data
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The historical data trend for Patria Investments'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.
Patria Investments Return-on-Tangible-Equity Chart
BSP:P2AX34 vs GAB, ETG, USA: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Patria Investments'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.
Patria Investments Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Patria Investments's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Patria Investments'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 (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 Negative Tangible Equity% mean?
Patria Investments (BSP:P2AX34) has a Return-on-Tangible-Equity of Negative Tangible Equity% 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 Investments and its competitors. Over the past decade, Patria Investments' Return-on-Tangible-Equity has ranged from 53.63 to 137.24. According to the industry distribution chart, Patria Investments ranks #1 out of 1588 companies in the Asset Management industry, placing it in the top 0.099999999999994%.
Is Patria Investments' Return-on-Tangible-Equity too high?
Patria Investments' current Return-on-Tangible-Equity is Negative Tangible Equity%. Over the past 10 years, this metric has ranged from a low of 53.63 to a high of 137.24. Based on the distribution chart, Patria Investments ranks #1 out of 1588 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Patria Investments has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Patria Investments' Return-on-Tangible-Equity compare to GAB and ETG?
According to the Asset Management industry distribution chart, Patria Investments ranks #1 out of 1588 companies for Return-on-Tangible-Equity. This places Patria Investments in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.19. Historically, Patria Investments' own Return-on-Tangible-Equity has ranged from 53.63 to 137.24 over the past decade. 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 an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.19, based on 1,588 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. 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 Investments and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Patria Investments's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Patria Investments stock overvalued right now?
Based on GuruFocus' analysis, Patria Investments (BSP:P2AX34) is currently considered Modestly Undervalued. The stock's GF Value™ is R$38.10, compared to a current price of R$28.62 — trading 24.9% below its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Patria Investments' overall GF Score™ is 67/100 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 Patria Investments (BSP:P2AX34), the current Return-on-Tangible-Equity is Negative Tangible Equity% 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 Investments (BSP:P2AX34) Overvalued in 2026?
Based on GuruFocus' analysis, Patria Investments stock appears to be undervalued.
The current stock price of R$28.62 is trading 24.9% below its estimated GF Value™ of R$38.10.
GuruFocus considers Patria Investments to be Modestly Undervalued.
No single metric tells the full story. See the BSP:P2AX34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Patria Investments Ltd is an alternative asset management firm specializing in resilient sectors across select regions. It seeks to provide world-wide and Latin American investors with attractive investment products that allows portfolio diversification and consistent returns. The group promotes inclusive and sustainable development in the Asset Classes: Private Equity, Private Equity Solutions, Credit, Real Estate, Infrastructure, and Public Equities Main sectors: Agribusiness, Power & Energy, Healthcare, Logistics & Transportations, Food & Beverage and Digital & Tech Services Investment Regions.
67GF Score
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