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Vivara ParticipacoesBSP:VIVA3 -3.90%96 Return-on-Tangible-Equity is 11.02% as of Mar. 2026, which is 59% below its 10-year median of 27.05. GuruFocus rates BSP:VIVA3 with a GF Score™ of 96/100 and a GF Value™ of R$34.09 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,062 Retail - Cyclical companies, Vivara Participacoes ranks better than 73.54% 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. Vivara Participacoes's annualized net income for the quarter that ended in Mar. 2026 was R$323 Mil. Vivara Participacoes's average shareholder tangible equity for the quarter that ended in Mar. 2026 was R$2,932 Mil. Therefore, Vivara Participacoes's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 11.02%.
The historical rank and industry rank for Vivara Participacoes's Return-on-Tangible-Equity or its related term are showing as below:
BSP:VIVA3'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 13.08 Med: 27.05 Max: 82.72
Current: 20.93
During the past 10 years, Vivara Participacoes's highest Return-on-Tangible-Equity was 82.72%. The lowest was 13.08%. And the median was 27.05%.
BSP:VIVA3's Return-on-Tangible-Equity is ranked better than 73.54% of 1062
companies
in the Retail - Cyclical industry
Industry Median: 8.455
vs BSP:VIVA3: 20.93
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.
Vivara Participacoes Return-on-Tangible-Equity Related Terms
Vivara Participacoes Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Vivara Participacoes'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.
BSP:VIVA3 vs TPR, SIG, CPRI: Return-on-Tangible-Equity Comparison
For the Luxury Goods subindustry, Vivara Participacoes'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.
Vivara Participacoes Return-on-Tangible-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Vivara Participacoes's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Vivara Participacoes'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 11.02% mean?
Vivara Participacoes (BSP:VIVA3) has a Return-on-Tangible-Equity of 11.02% 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 Vivara Participacoes and its competitors. This is 59% below median its historical median of 27.05. Over the past decade, Vivara Participacoes' Return-on-Tangible-Equity has ranged from 13.08 to 82.72. According to the industry distribution chart, Vivara Participacoes ranks #281 out of 1062 companies in the Retail - Cyclical industry, placing it in the top 26.5%.
Is Vivara Participacoes' Return-on-Tangible-Equity too high?
Vivara Participacoes' current Return-on-Tangible-Equity of 11.02% is 59% below median its 10-year median of 27.05. Over the past 10 years, this metric has ranged from a low of 13.08 to a high of 82.72. The Retail - Cyclical industry median Return-on-Tangible-Equity is 8.46. Vivara Participacoes' value of 11.02% is 30.3% above this industry median. Based on the distribution chart, Vivara Participacoes ranks #281 out of 1062 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Vivara Participacoes has a GF Score™ of 96/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vivara Participacoes' Return-on-Tangible-Equity compare to TPR and SIG?
According to the Retail - Cyclical industry distribution chart, Vivara Participacoes ranks #281 out of 1062 companies for Return-on-Tangible-Equity. This puts Vivara Participacoes in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.46. Vivara Participacoes' value of 11.02% is 30.3% above this benchmark. Historically, Vivara Participacoes' own Return-on-Tangible-Equity has ranged from 13.08 to 82.72 over the past decade. While the company's 10-year median is 27.05 vs. the industry median of 8.46, Vivara Participacoes 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 Retail - Cyclical company?
The median Return-on-Tangible-Equity among Retail - Cyclical companies is 8.46, based on 1,062 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. Vivara Participacoes's current Return-on-Tangible-Equity of 11.02% is 30.3% 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 Vivara Participacoes and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Equity is 8.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vivara Participacoes's current Return-on-Tangible-Equity is 11.02%, which is 59% below median its own 10-year median of 27.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vivara Participacoes stock overvalued right now?
Based on GuruFocus' analysis, Vivara Participacoes (BSP:VIVA3) is currently considered Significantly Undervalued. The stock's GF Value™ is R$34.09, compared to a current price of R$22.44 — trading 34.2% below its estimated fair value. The current Return-on-Tangible-Equity is 11.02%, which is 59% below median its 10-year median of 27.05 and 30.3% above the Retail - Cyclical industry median of 8.46. Vivara Participacoes' overall GF Score™ is 96/100 with 2 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 Vivara Participacoes (BSP:VIVA3), the current Return-on-Tangible-Equity is 11.02% 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 Vivara Participacoes (BSP:VIVA3) Overvalued in 2026?
Based on GuruFocus' analysis, Vivara Participacoes stock appears to be undervalued.
The current stock price of R$22.44 is trading 34.2% below its estimated GF Value™ of R$34.09.
GuruFocus considers Vivara Participacoes to be Significantly Undervalued.
Key valuation signals for BSP:VIVA3:
Return-on-Tangible-Equity: 11.02% (59% below median its 10-year median of 27.05)
GF Value™: R$34.09 vs. price of R$22.44 (34.2% below fair value)
Industry Position: 30.3% above the Retail - Cyclical median (#281 of 1062)
No single metric tells the full story. See the BSP:VIVA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vivara Participacoes SA is a Brazil-based company engaged in operating jewelry chain in Brazil. Its brands Vivara, Life by Vivara, Vivara Watches, Vivara Accessories e Vivara Fragrances are available at multiple sales points across the country. The firm operates business through Physical Stores, online sales and others. Substantial revenue is earned from the sales of Jewelry items.
96GF Score
Get the complete analysis for BSP:VIVA3
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