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Black Sea PropertyAQSE:BSP ROA % is 2.73% as of Dec. 2025, which is 30% below its 10-year median of 3.88. The stock has 8 warning signs investors should review. Among 1,800 Real Estate companies, Black Sea Property ranks worse than 64.06% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Black Sea Property's annualizedNet Income for the quarter that ended in Dec. 2025 was €2.89 Mil.
Black Sea Property's average Total Assets over the quarter that ended in Dec. 2025 was €105.76 Mil. Therefore, Black Sea Property's annualized ROA % for the quarter that ended in Dec. 2025 was 2.73%.
The historical rank and industry rank for Black Sea Property's ROA % or its related term are showing as below:
AQSE:BSP'
s ROA % Range Over the Past 10 Years
Min: -42.09 Med: 3.88 Max: 13.32
Current: 0.31
During the past 10 years, Black Sea Property's highest ROA % was 13.32%. The lowest was -42.09%. And the median was 3.88%.
AQSE:BSP's ROA % is ranked worse than 64.06% of 1800
companies
in the Real Estate industry
Industry Median: 1.675
vs AQSE:BSP: 0.31
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Black Sea Property ROA % Related Terms
Black Sea Property ROA % Historical Data
* Premium members only.
The historical data trend for Black Sea Property's ROA % 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.
For the Real Estate Services subindustry, Black Sea Property's ROA %, along with its competitors' market caps and ROA % 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.
Black Sea Property ROA % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Black Sea Property's ROA % distribution charts can be found below:
* The bar in red indicates where Black Sea Property's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Dec. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Black Sea Property (AQSE:BSP) has a ROA % of 2.73% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Black Sea Property and its competitors. This is 30% below median its historical median of 3.88. According to the industry distribution chart, Black Sea Property ranks #1153 out of 1800 companies in the Real Estate industry, placing it in the top 64.1%.
Is Black Sea Property's ROA % too high?
Black Sea Property's current ROA % of 2.73% is 30% below median its 10-year median of 3.88. The Real Estate industry median ROA % is 1.68. Black Sea Property's value of 2.73% is 63% above this industry median. Based on the distribution chart, Black Sea Property ranks #1153 out of 1800 companies in the Real Estate industry, which is below the industry midpoint.
How does Black Sea Property's ROA % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Black Sea Property ranks #1153 out of 1800 companies for ROA %. This places Black Sea Property in the lower half of its industry. The industry median ROA % is 1.68. Black Sea Property's value of 2.73% is 63% above this benchmark. While the company's 10-year median is 3.88 vs. the industry median of 1.68, Black Sea Property 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 ROA % for a Real Estate company?
The median ROA % among Real Estate companies is 1.68, based on 1,800 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Black Sea Property's current ROA % of 2.73% is 63% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Black Sea Property and its competitors. For the Real Estate industry, the median ROA % is 1.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Sea Property's current ROA % is 2.73%, which is 30% below median its own 10-year median of 3.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Sea Property stock overvalued right now?
Based on GuruFocus' analysis, Black Sea Property (AQSE:BSP) is currently considered Fairly Valued. The stock's GF Value™ is €0.02, compared to a current price of €0.02 — trading right at its estimated fair value. The current ROA % is 2.73%, which is 30% below median its 10-year median of 3.88 and 63% above the Real Estate industry median of 1.68. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Black Sea Property (AQSE:BSP), the current ROA % is 2.73% 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.
Black Sea Property PLC is a real estate company focused on investments in Bulgaria. It seeks to generate capital gains through development, financing and sale of property in Bulgaria, including the prime areas of Bulgaria's Black Sea coast, the ski resorts and the capital, Sofia. The Board is seeking to create a diverse portfolio of opportunistic and value-added Bulgarian real estate assets, including development land, partially completed construction projects and completed buildings.
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