Simon Property GroupMEX:SPG 70 Return-on-Tangible-Equity is 38.47% as of Mar. 2026, which is 47% below its 10-year median of 72.59. GuruFocus rates MEX:SPG with a GF Score™ of 70/100 and a GF Value™ of MXN2,818.86 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 933 REITs companies, Simon Property Group ranks better than 98.29% 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. Simon Property Group's annualized net income for the quarter that ended in Mar. 2026 was MXN34,652 Mil. Simon Property Group's average shareholder tangible equity for the quarter that ended in Mar. 2026 was MXN90,073 Mil. Therefore, Simon Property Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 38.47%.
The historical rank and industry rank for Simon Property Group's Return-on-Tangible-Equity or its related term are showing as below:
MEX:SPG'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 41.09 Med: 72.59 Max: 134.84
Current: 134.84
During the past 13 years, Simon Property Group's highest Return-on-Tangible-Equity was 134.84%. The lowest was 41.09%. And the median was 72.59%.
MEX:SPG's Return-on-Tangible-Equity is ranked better than 98.29% of 933
companies
in the REITs industry
Industry Median: 6.26
vs MEX:SPG: 134.84
Simon Property Group (MEX:SPG) 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.
Simon Property Group Return-on-Tangible-Equity Related Terms
Simon Property Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Simon Property Group'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.
Simon Property Group Return-on-Tangible-Equity Chart
MEX:SPG vs O, KIM, REG: Return-on-Tangible-Equity Comparison
For the REIT - Retail subindustry, Simon Property Group'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.
Simon Property Group Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Simon Property Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Simon Property Group'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 38.47% mean?
Simon Property Group (MEX:SPG) has a Return-on-Tangible-Equity of 38.47% 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 Simon Property Group and its competitors. This is 47% below median its historical median of 72.59. Over the past decade, Simon Property Group's Return-on-Tangible-Equity has ranged from 41.09 to 134.84. According to the industry distribution chart, Simon Property Group ranks #16 out of 933 companies in the REITs industry, placing it in the top 1.7%.
Is Simon Property Group's Return-on-Tangible-Equity too high?
Simon Property Group's current Return-on-Tangible-Equity of 38.47% is 47% below median its 10-year median of 72.59. Over the past 10 years, this metric has ranged from a low of 41.09 to a high of 134.84. The REITs industry median Return-on-Tangible-Equity is 6.26. Simon Property Group's value of 38.47% is 514.5% above this industry median. Based on the distribution chart, Simon Property Group ranks #16 out of 933 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Simon Property Group has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Simon Property Group's Return-on-Tangible-Equity compare to O and KIM?
According to the REITs industry distribution chart, Simon Property Group ranks #16 out of 933 companies for Return-on-Tangible-Equity. This places Simon Property Group in the top 2% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.26. Simon Property Group's value of 38.47% is 514.5% above this benchmark. Historically, Simon Property Group's own Return-on-Tangible-Equity has ranged from 41.09 to 134.84 over the past decade. While the company's 10-year median is 72.59 vs. the industry median of 6.26, Simon Property Group 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 REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.26, based on 933 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. Simon Property Group's current Return-on-Tangible-Equity of 38.47% is 514.5% 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 Simon Property Group and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Simon Property Group's current Return-on-Tangible-Equity is 38.47%, which is 47% below median its own 10-year median of 72.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Simon Property Group stock overvalued right now?
Based on GuruFocus' analysis, Simon Property Group (MEX:SPG) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN2,818.86, compared to a current price of MXN3,529.00 — trading 25.2% above its estimated fair value. The current Return-on-Tangible-Equity is 38.47%, which is 47% below median its 10-year median of 72.59 and 514.5% above the REITs industry median of 6.26. Simon Property Group's overall GF Score™ is 70/100 with 8 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 Simon Property Group (MEX:SPG), the current Return-on-Tangible-Equity is 38.47% 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 Simon Property Group (MEX:SPG) Overvalued in 2026?
Based on GuruFocus' analysis, Simon Property Group stock appears to be overvalued.
The current stock price of MXN3,529.00 is trading 25.2% above its estimated GF Value™ of MXN2,818.86.
GuruFocus considers Simon Property Group to be Modestly Overvalued.
Key valuation signals for MEX:SPG:
Return-on-Tangible-Equity: 38.47% (47% below median its 10-year median of 72.59)
GF Value™: MXN2,818.86 vs. price of MXN3,529.00 (25.2% above fair value)
Industry Position: 514.5% above the REITs median (#16 of 933)
No single metric tells the full story. See the MEX:SPG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Simon Property Group is the largest retail real estate investment trust in the United States. Its portfolio includes an interest in 254 properties: 114 traditional malls, 108 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), six lifestyle centers, and 12 other retail properties. Simon's portfolio averaged $736 in sales per square foot over the trailing 12 months. The company also owns a 22% interest in Klépierre, a European retail company with investments in shopping centers in 14 countries, and joint-venture interests in 33 premium outlets across 14 countries.
70GF Score
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