Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario (BSP:PMFO11) Return-on-Tangible-Equity: 20.80% (As of Dec. 2025)— 216% Above Median
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BSP:PMFO11's Return-on-Tangible-Equity is ranked better than 78.57% of 1591
companies
in the Asset Management industry
Industry Median: 7.21
vs BSP:PMFO11: 20.80
Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario (BSP:PMFO11) 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.
Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario Return-on-Tangible-Equity Related Terms
Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario 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.
Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario Return-on-Tangible-Equity Chart
Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario Annual Data
Trend
Dec23
Dec24
Dec25
Return-on-Tangible-Equity
0.00
-7.65
20.80
Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario Semi-Annual Data
Dec23
Dec24
Dec25
Return-on-Tangible-Equity
0.00
-7.65
20.80
BSP:PMFO11 vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
* 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.
Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario Return-on-Tangible-Equity vs Asset Management 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 (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 20.80% mean?
Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario (BSP:PMFO11) has a Return-on-Tangible-Equity of 20.80% 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 Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario and its competitors. This is 216% above median its historical median of 6.58. According to the industry distribution chart, Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario ranks #341 out of 1591 companies in the Asset Management industry, placing it in the top 21.4%.
Is Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario's Return-on-Tangible-Equity too high?
Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario's current Return-on-Tangible-Equity of 20.80% is 216% above median its 10-year median of 6.58. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario's value of 20.80% is 188.5% above this industry median. Based on the distribution chart, Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario ranks #341 out of 1591 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario ranks #341 out of 1591 companies for Return-on-Tangible-Equity. This places Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.21. Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario's value of 20.80% is 188.5% above this benchmark. While the company's 10-year median is 6.58 vs. the industry median of 7.21, Speciale Real Estate Fund of Funds Fundo DE Investimento 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 an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.21, based on 1,591 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. Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario's current Return-on-Tangible-Equity of 20.80% is 188.5% 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 Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario's current Return-on-Tangible-Equity is 20.80%, which is 216% above median its own 10-year median of 6.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario stock overvalued right now?
Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario (BSP:PMFO11) has a current Return-on-Tangible-Equity of 20.80%. The current Return-on-Tangible-Equity is 20.80%, which is 216% above median its 10-year median of 6.58 and 188.5% above the Asset Management industry median of 7.21. Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario's overall GF Score™ is 9/100 with 1 warning sign 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 Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario (BSP:PMFO11), the current Return-on-Tangible-Equity is 20.80% 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.
Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario Business Description
AddressAvenida Paulista 1793, São Paulo, SP, BRA, CEP 1311200
Speciale Real Estate Fund of Funds Fundo DE Investimento Imobiliario is a fund classified as an Active Management FII and is intended to business segment which is Bonds and Securities. The purpose of the FUND is to invest in following securities, subject to the requirements and provisions relating to the investments contained in the Regulation shares of other real estate investment funds (FII), primarily mortgage bills (LH), real estate letters of credit (LCI),real estate receivables.
9GF Score
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