Construtora TendaBSP:TEND3 -0.86%68 Return-on-Tangible-Equity is 61.01% as of Mar. 2026, which is 450% above its 10-year median of 11.09. GuruFocus rates BSP:TEND3 with a GF Score™ of 68/100 and a GF Value™ of R$20.72 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,715 Real Estate companies, Construtora Tenda ranks better than 96.33% 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. Construtora Tenda's annualized net income for the quarter that ended in Mar. 2026 was R$734 Mil. Construtora Tenda's average shareholder tangible equity for the quarter that ended in Mar. 2026 was R$1,203 Mil. Therefore, Construtora Tenda's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 61.01%.
The historical rank and industry rank for Construtora Tenda's Return-on-Tangible-Equity or its related term are showing as below:
BSP:TEND3'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -59.45 Med: 11.09 Max: 52.86
Current: 52.86
During the past 13 years, Construtora Tenda's highest Return-on-Tangible-Equity was 52.86%. The lowest was -59.45%. And the median was 11.09%.
BSP:TEND3's Return-on-Tangible-Equity is ranked better than 96.33% of 1715
companies
in the Real Estate industry
Industry Median: 4.23
vs BSP:TEND3: 52.86
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.
Construtora Tenda Return-on-Tangible-Equity Related Terms
Construtora Tenda Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Construtora Tenda'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 Real Estate - Development subindustry, Construtora Tenda'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.
Construtora Tenda Return-on-Tangible-Equity vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Construtora Tenda's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Construtora Tenda'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 61.01% mean?
Construtora Tenda (BSP:TEND3) has a Return-on-Tangible-Equity of 61.01% 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 Construtora Tenda and its competitors. This is 450% above median its historical median of 11.09. According to the industry distribution chart, Construtora Tenda ranks #63 out of 1715 companies in the Real Estate industry, placing it in the top 3.7%.
Is Construtora Tenda's Return-on-Tangible-Equity too high?
Construtora Tenda's current Return-on-Tangible-Equity of 61.01% is 450% above median its 10-year median of 11.09. The Real Estate industry median Return-on-Tangible-Equity is 4.23. Construtora Tenda's value of 61.01% is 1342.3% above this industry median. Based on the distribution chart, Construtora Tenda ranks #63 out of 1715 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Construtora Tenda has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Construtora Tenda's Return-on-Tangible-Equity compare to competitors?
According to the Real Estate industry distribution chart, Construtora Tenda ranks #63 out of 1715 companies for Return-on-Tangible-Equity. This places Construtora Tenda in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.23. Construtora Tenda's value of 61.01% is 1342.3% above this benchmark. While the company's 10-year median is 11.09 vs. the industry median of 4.23, Construtora Tenda 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 4.23, based on 1,715 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. Construtora Tenda's current Return-on-Tangible-Equity of 61.01% is 1342.3% 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 Construtora Tenda and its competitors. For the Real Estate industry, the median Return-on-Tangible-Equity is 4.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Construtora Tenda's current Return-on-Tangible-Equity is 61.01%, which is 450% above median its own 10-year median of 11.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Construtora Tenda stock overvalued right now?
Based on GuruFocus' analysis, Construtora Tenda (BSP:TEND3) is currently considered Significantly Overvalued. The stock's GF Value™ is R$20.72, compared to a current price of R$37.00 — trading 78.6% above its estimated fair value. The current Return-on-Tangible-Equity is 61.01%, which is 450% above median its 10-year median of 11.09 and 1342.3% above the Real Estate industry median of 4.23. Construtora Tenda's overall GF Score™ is 68/100 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 Construtora Tenda (BSP:TEND3), the current Return-on-Tangible-Equity is 61.01% 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 Construtora Tenda (BSP:TEND3) Overvalued in 2026?
Based on GuruFocus' analysis, Construtora Tenda stock appears to be overvalued.
The current stock price of R$37.00 is trading 78.6% above its estimated GF Value™ of R$20.72.
GuruFocus considers Construtora Tenda to be Significantly Overvalued.
Key valuation signals for BSP:TEND3:
Return-on-Tangible-Equity: 61.01% (450% above median its 10-year median of 11.09)
GF Value™: R$20.72 vs. price of R$37.00 (78.6% above fair value)
Industry Position: 1342.3% above the Real Estate median (#63 of 1715)
No single metric tells the full story. See the BSP:TEND3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Construtora Tenda SA is engaged in the performance of general construction works: the merger of property; the purchase and sale of properties; providing construction management services; intermediating the sale of consortium shares; and participation in other companies. Subsidiaries share the managerial, operating structures, and corporate costs. The SPEs are exclusively engaged in real estate operations and are linked to specific projects. The company focuses on affordable housing which allows it to pursue scale gains and continuous improvement. It has a single SKU for no-elevator buildings. It has two segments On-site and Off-site.
68GF Score
Get the complete analysis for BSP:TEND3
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