Vinci Offices Fundo DE Investimento Imobiliario (BSP:VINO11) Return-on-Tangible-Equity: 1.88% (As of Dec. 2025) — 74% Below Median

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BSP:VINO11 Vinci Offices Fundo DE Investimento Imobiliario BSP:VINO11
41 GF Score
Price R$4.70
GF Value R$2.92
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Vinci Offices Fundo DE Investimento Imobiliario Return-on-Tangible-Equity?

Vinci Offices Fundo DE Investimento Imobiliario BSP:VINO11 +0.64% 41 Return-on-Tangible-Equity is 1.88% as of Dec. 2025, which is 74% below its 10-year median of 7.20. GuruFocus rates BSP:VINO11 with a GF Score™ of 41/100 and a GF Value™ of R$2.92 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 928 REITs companies, Vinci Offices Fundo DE Investimento Imobiliario ranks worse than 73.17% 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. Vinci Offices Fundo DE Investimento Imobiliario's annualized net income for the quarter that ended in Dec. 2025 was R$15.68 Mil. Vinci Offices Fundo DE Investimento Imobiliario's average shareholder tangible equity for the quarter that ended in Dec. 2025 was R$834.77 Mil. Therefore, Vinci Offices Fundo DE Investimento Imobiliario's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 1.88%.

The historical rank and industry rank for Vinci Offices Fundo DE Investimento Imobiliario's Return-on-Tangible-Equity or its related term are showing as below:

BSP:VINO11' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.28   Med: 7.2   Max: 12.41
Current: 1.88

During the past 11 years, Vinci Offices Fundo DE Investimento Imobiliario's highest Return-on-Tangible-Equity was 12.41%. The lowest was 0.28%. And the median was 7.20%.

BSP:VINO11's Return-on-Tangible-Equity is ranked worse than
73.17% of 928 companies
in the REITs industry
Industry Median: 6.265 vs BSP:VINO11: 1.88

Vinci Offices Fundo DE Investimento Imobiliario  (BSP:VINO11) 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.


Vinci Offices Fundo DE Investimento Imobiliario Return-on-Tangible-Equity Related Terms


Vinci Offices Fundo DE Investimento Imobiliario Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Vinci Offices Fundo DE Investimento 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.

Vinci Offices Fundo DE Investimento Imobiliario Return-on-Tangible-Equity Chart

Vinci Offices Fundo DE Investimento 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 0.28 7.69 5.69 1.12 1.88

Vinci Offices Fundo DE Investimento Imobiliario Semi-Annual Data
Dec15 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 Premium Member Only 0.28 7.69 5.69 1.12 1.88

BSP:VINO11 vs BXP, ARE, VNO: Return-on-Tangible-Equity Comparison

For the REIT - Office subindustry, Vinci Offices Fundo DE Investimento 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.


Vinci Offices Fundo DE Investimento Imobiliario Return-on-Tangible-Equity vs REITs Industry

For the REITs industry and Real Estate sector, Vinci Offices Fundo DE Investimento Imobiliario's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Vinci Offices Fundo DE Investimento Imobiliario's Return-on-Tangible-Equity falls into.


BSP:VINO11
41GF Score
Vinci Offices Fundo DE Investimento Imobiliario BSP:VINO11
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vinci Offices Fundo DE Investimento Imobiliario Return-on-Tangible-Equity Calculation

Vinci Offices Fundo DE Investimento 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 )
=15.681/( (853.231+816.316 )/ 2 )
=15.681/834.7735
=1.88 %

Vinci Offices Fundo DE Investimento Imobiliario's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2025 )  (Q: Dec. 2024 )(Q: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Dec. 2024 )(Q: Dec. 2025 )
=15.681/( (853.231+816.316)/ 2 )
=15.681/834.7735
=1.88 %

* 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 1.88% mean?
Vinci Offices Fundo DE Investimento Imobiliario (BSP:VINO11) has a Return-on-Tangible-Equity of 1.88% 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 Vinci Offices Fundo DE Investimento Imobiliario and its competitors. This is 74% below median its historical median of 7.20. Over the past decade, Vinci Offices Fundo DE Investimento Imobiliario's Return-on-Tangible-Equity has ranged from 0.28 to 12.41. According to the industry distribution chart, Vinci Offices Fundo DE Investimento Imobiliario ranks #679 out of 928 companies in the REITs industry, placing it in the top 73.2%.
Is Vinci Offices Fundo DE Investimento Imobiliario's Return-on-Tangible-Equity too high?
Vinci Offices Fundo DE Investimento Imobiliario's current Return-on-Tangible-Equity of 1.88% is 74% below median its 10-year median of 7.20. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 12.41. The REITs industry median Return-on-Tangible-Equity is 6.27. Vinci Offices Fundo DE Investimento Imobiliario's value of 1.88% is 70% below this industry median. Based on the distribution chart, Vinci Offices Fundo DE Investimento Imobiliario ranks #679 out of 928 companies in the REITs industry, which is below the industry midpoint. Overall, Vinci Offices Fundo DE Investimento Imobiliario has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vinci Offices Fundo DE Investimento Imobiliario's Return-on-Tangible-Equity compare to BXP and ARE?
According to the REITs industry distribution chart, Vinci Offices Fundo DE Investimento Imobiliario ranks #679 out of 928 companies for Return-on-Tangible-Equity. This places Vinci Offices Fundo DE Investimento Imobiliario in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.27. Vinci Offices Fundo DE Investimento Imobiliario's value of 1.88% is 70% below this benchmark. Historically, Vinci Offices Fundo DE Investimento Imobiliario's own Return-on-Tangible-Equity has ranged from 0.28 to 12.41 over the past decade. While the company's 10-year median is 7.20 vs. the industry median of 6.27, Vinci Offices Fundo DE Investimento Imobiliario has consistently been below 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 REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.27, based on 928 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. Vinci Offices Fundo DE Investimento Imobiliario's current Return-on-Tangible-Equity of 1.88% is 70% below 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 Vinci Offices Fundo DE Investimento Imobiliario and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vinci Offices Fundo DE Investimento Imobiliario's current Return-on-Tangible-Equity is 1.88%, which is 74% below median its own 10-year median of 7.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vinci Offices Fundo DE Investimento Imobiliario stock overvalued right now?
Based on GuruFocus' analysis, Vinci Offices Fundo DE Investimento Imobiliario (BSP:VINO11) is currently considered Significantly Overvalued. The stock's GF Value™ is R$2.92, compared to a current price of R$4.70 — trading 61% above its estimated fair value. The current Return-on-Tangible-Equity is 1.88%, which is 74% below median its 10-year median of 7.20 and 70% below the REITs industry median of 6.27. Vinci Offices Fundo DE Investimento Imobiliario's overall GF Score™ is 41/100 with 3 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 Vinci Offices Fundo DE Investimento Imobiliario (BSP:VINO11), the current Return-on-Tangible-Equity is 1.88% 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 Vinci Offices Fundo DE Investimento Imobiliario (BSP:VINO11) Overvalued in 2026?

Based on GuruFocus' analysis, Vinci Offices Fundo DE Investimento Imobiliario stock appears to be overvalued. The current stock price of R$4.70 is trading 61% above its estimated GF Value™ of R$2.92. GuruFocus considers Vinci Offices Fundo DE Investimento Imobiliario to be Significantly Overvalued.

Key valuation signals for BSP:VINO11:

  • Return-on-Tangible-Equity: 1.88% (74% below median its 10-year median of 7.20)
  • GF Value™: R$2.92 vs. price of R$4.70 (61% above fair value)
  • GF Score™: 41/100 with 3 warning signs
  • Industry Position: 70% below the REITs median (#679 of 928)

No single metric tells the full story. See the BSP:VINO11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vinci Offices Fundo DE Investimento Imobiliario Business Description

Industry Real EstateREITs
Address RUA ALVES GUIMARAES 1.212 - 1212, PINHEIROS, Sao Paulo, SP, BRA, 5410002
Vinci Offices Fundo DE Investimento Imobiliario is a closed-end fund. The fund's objective is to invest, predominantly, in real estate and real rights over real estate, which may occur directly or through the acquisition.
41GF Score

Get the complete analysis for BSP:VINO11

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

R$4.70
Price
R$2.92
GF Value