BRASWAR:BSA -2.42%38 Return-on-Tangible-Equity is 5.27% as of Mar. 2026. GuruFocus rates WAR:BSA with a GF Score™ of 38/100 and a GF Value™ of zł0.09 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 496 Utilities - Regulated companies, BRAS ranks better than 77.42% 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. BRAS's annualized net income for the quarter that ended in Mar. 2026 was zł0.30 Mil. BRAS's average shareholder tangible equity for the quarter that ended in Mar. 2026 was zł5.69 Mil. Therefore, BRAS's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 5.27%.
The historical rank and industry rank for BRAS's Return-on-Tangible-Equity or its related term are showing as below:
WAR:BSA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -81.84 Med: -14.18 Max: 24.29
Current: 22.53
During the past 13 years, BRAS's highest Return-on-Tangible-Equity was 24.29%. The lowest was -81.84%. And the median was -14.18%.
WAR:BSA's Return-on-Tangible-Equity is ranked better than 77.42% of 496
companies
in the Utilities - Regulated industry
Industry Median: 10.935
vs WAR:BSA: 22.53
BRAS (WAR:BSA) 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.
BRAS Return-on-Tangible-Equity Related Terms
BRAS Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for BRAS'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.
WAR:BSA vs NEE, SO, DUK: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Electric subindustry, BRAS'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.
BRAS Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, BRAS's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where BRAS'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 5.27% mean?
BRAS (WAR:BSA) has a Return-on-Tangible-Equity of 5.27% 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 BRAS and its competitors. According to the industry distribution chart, BRAS ranks #112 out of 496 companies in the Utilities - Regulated industry, placing it in the top 22.6%.
Is BRAS's Return-on-Tangible-Equity too high?
BRAS's current Return-on-Tangible-Equity is 5.27%. The Utilities - Regulated industry median Return-on-Tangible-Equity is 10.94. BRAS's value of 5.27% is 51.8% below this industry median. Based on the distribution chart, BRAS ranks #112 out of 496 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, BRAS has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BRAS's Return-on-Tangible-Equity compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, BRAS ranks #112 out of 496 companies for Return-on-Tangible-Equity. This places BRAS in the top 23% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 10.94. BRAS's value of 5.27% is 51.8% below this benchmark. 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 an Utilities - Regulated company?
The median Return-on-Tangible-Equity among Utilities - Regulated companies is 10.94, based on 496 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. BRAS's current Return-on-Tangible-Equity of 5.27% is 51.8% 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 BRAS and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 10.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BRAS's current Return-on-Tangible-Equity is 5.27%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BRAS stock overvalued right now?
Based on GuruFocus' analysis, BRAS (WAR:BSA) is currently considered Significantly Overvalued. The stock's GF Value™ is zł0.09, compared to a current price of zł0.20 — trading 124.4% above its estimated fair value. The current Return-on-Tangible-Equity is 5.27% and 51.8% below the Utilities - Regulated industry median of 10.94. BRAS's overall GF Score™ is 38/100 with 6 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 BRAS (WAR:BSA), the current Return-on-Tangible-Equity is 5.27% 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 BRAS (WAR:BSA) Overvalued in 2026?
Based on GuruFocus' analysis, BRAS stock appears to be overvalued.
The current stock price of zł0.20 is trading 124.4% above its estimated GF Value™ of zł0.09.
GuruFocus considers BRAS to be Significantly Overvalued.
Key valuation signals for WAR:BSA:
Return-on-Tangible-Equity: 5.27%
GF Value™: zł0.09 vs. price of zł0.20 (124.4% above fair value)
Industry Position: 51.8% below the Utilities - Regulated median (#112 of 496)
No single metric tells the full story. See the WAR:BSA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BRAS SA is engaged in the energy sector. The company focuses its activities on the trade and distribution of electricity and power generation from renewable sources and the production of bio-components. It also provides consulting services.
38GF Score
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