BefesaMEX:BFSAN -16.49%75 Return-on-Tangible-Equity is 95.90% as of Mar. 2026, which is 16% above its 10-year median of 82.88. GuruFocus rates MEX:BFSAN with a GF Score™ of 75/100 and a GF Value™ of MXN594.93 (Fairly Valued). The stock has 5 warning signs investors should review. Among 227 Waste Management companies, Befesa ranks better than 86.78% 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. Befesa's annualized net income for the quarter that ended in Mar. 2026 was MXN1,726 Mil. Befesa's average shareholder tangible equity for the quarter that ended in Mar. 2026 was MXN1,800 Mil. Therefore, Befesa's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 95.90%.
The historical rank and industry rank for Befesa's Return-on-Tangible-Equity or its related term are showing as below:
MEX:BFSAN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 58.86 Med: 82.88 Max: 376.68
Current: 84.44
During the past 13 years, Befesa's highest Return-on-Tangible-Equity was 376.68%. The lowest was 58.86%. And the median was 82.88%.
MEX:BFSAN's Return-on-Tangible-Equity is ranked better than 86.78% of 227
companies
in the Waste Management industry
Industry Median: 9.18
vs MEX:BFSAN: 84.44
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.
Befesa Return-on-Tangible-Equity Related Terms
Befesa Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Befesa'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.
MEX:BFSAN vs WM, RSG, WCN: Return-on-Tangible-Equity Comparison
For the Waste Management subindustry, Befesa'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.
Befesa Return-on-Tangible-Equity vs Waste Management Industry
For the Waste Management industry and Industrials sector, Befesa's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Befesa'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 95.90% mean?
Befesa (MEX:BFSAN) has a Return-on-Tangible-Equity of 95.90% 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 Befesa and its competitors. This is 16% above median its historical median of 82.88. Over the past decade, Befesa's Return-on-Tangible-Equity has ranged from 58.86 to 376.68. According to the industry distribution chart, Befesa ranks #30 out of 227 companies in the Waste Management industry, placing it in the top 13.2%.
Is Befesa's Return-on-Tangible-Equity too high?
Befesa's current Return-on-Tangible-Equity of 95.90% is 16% above median its 10-year median of 82.88. Over the past 10 years, this metric has ranged from a low of 58.86 to a high of 376.68. The Waste Management industry median Return-on-Tangible-Equity is 9.18. Befesa's value of 95.90% is 944.7% above this industry median. Based on the distribution chart, Befesa ranks #30 out of 227 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers. Overall, Befesa has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Befesa's Return-on-Tangible-Equity compare to WM and RSG?
According to the Waste Management industry distribution chart, Befesa ranks #30 out of 227 companies for Return-on-Tangible-Equity. This places Befesa in the top 13% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 9.18. Befesa's value of 95.90% is 944.7% above this benchmark. Historically, Befesa's own Return-on-Tangible-Equity has ranged from 58.86 to 376.68 over the past decade. While the company's 10-year median is 82.88 vs. the industry median of 9.18, Befesa 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 Waste Management company?
The median Return-on-Tangible-Equity among Waste Management companies is 9.18, based on 227 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. Befesa's current Return-on-Tangible-Equity of 95.90% is 944.7% 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 Befesa and its competitors. For the Waste Management industry, the median Return-on-Tangible-Equity is 9.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Befesa's current Return-on-Tangible-Equity is 95.90%, which is 16% above median its own 10-year median of 82.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Befesa stock overvalued right now?
Based on GuruFocus' analysis, Befesa (MEX:BFSAN) is currently considered Fairly Valued. The stock's GF Value™ is MXN594.93, compared to a current price of MXN600.57 — trading 0.9% above its estimated fair value. The current Return-on-Tangible-Equity is 95.90%, which is 16% above median its 10-year median of 82.88 and 944.7% above the Waste Management industry median of 9.18. Befesa's overall GF Score™ is 75/100 with 5 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 Befesa (MEX:BFSAN), the current Return-on-Tangible-Equity is 95.90% 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 Befesa (MEX:BFSAN) Overvalued in 2026?
Based on GuruFocus' analysis, Befesa stock appears to be overvalued.
The current stock price of MXN600.57 is trading 0.9% above its estimated GF Value™ of MXN594.93.
GuruFocus considers Befesa to be Fairly Valued.
Key valuation signals for MEX:BFSAN:
Return-on-Tangible-Equity: 95.90% (16% above median its 10-year median of 82.88)
GF Value™: MXN594.93 vs. price of MXN600.57 (0.9% above fair value)
Industry Position: 944.7% above the Waste Management median (#30 of 227)
No single metric tells the full story. See the MEX:BFSAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Befesa SA provides sustainable services for the recycling of hazardous residues from the Steel & Aluminium industry. It operates in two business segments: Steel dust recycling services & Aluminum salt slags recycling services. In the Steel Dust Recycling segment, the company collects & recycles steel dust and other steel residues generated in the production of crude, stainless, and galvanized steel. The Aluminum Salt Slags recycling services are divided into salt slags & secondary aluminum segments. Its secondary aluminum operations include the collection and recycling of aluminum scrap and other aluminum residues. Geographically, it generates the majority of its revenue from Spain, and also has a presence in Germany, Belgium, Finland, the Netherlands, Italy, France, and other countries.
75GF Score
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