Patria InvestmentsBSP:P2AX34 68 ROA % is 9.88% as of Dec. 2025, which is 51% below its 10-year median of 20.06. GuruFocus rates BSP:P2AX34 with a GF Score™ of 68/100 and a GF Value™ of R$40.48 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,635 Asset Management companies, Patria Investments ranks better than 60.98% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Patria Investments's annualizedNet Income for the quarter that ended in Dec. 2025 was R$754 Mil.
Patria Investments's average Total Assets over the quarter that ended in Dec. 2025 was R$7,633 Mil. Therefore, Patria Investments's annualized ROA % for the quarter that ended in Dec. 2025 was 9.88%.
The historical rank and industry rank for Patria Investments's ROA % or its related term are showing as below:
BSP:P2AX34'
s ROA % Range Over the Past 10 Years
Min: 6.34 Med: 20.06 Max: 56.03
Current: 6.41
During the past 8 years, Patria Investments's highest ROA % was 56.03%. The lowest was 6.34%. And the median was 20.06%.
BSP:P2AX34's ROA % is ranked better than 60.98% of 1635
companies
in the Asset Management industry
Industry Median: 3.97
vs BSP:P2AX34: 6.41
Patria Investments (BSP:P2AX34) ROA % Explanation
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 four times the quarterly (Dec. 2025) net income data. The Revenue data used here is four times the quarterly (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.
Patria Investments ROA % Related Terms
Patria Investments ROA % Historical Data
* Premium members only.
The historical data trend for Patria Investments'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 Asset Management subindustry, Patria Investments'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.
Patria Investments ROA % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Patria Investments's ROA % distribution charts can be found below:
* The bar in red indicates where Patria Investments'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 four times the quarterly (Dec. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Patria Investments (BSP:P2AX34) has a ROA % of 9.88% 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 Patria Investments and its competitors. This is 51% below median its historical median of 20.06. Over the past decade, Patria Investments' ROA % has ranged from 6.34 to 56.03. According to the industry distribution chart, Patria Investments ranks #638 out of 1635 companies in the Asset Management industry, placing it in the top 39%.
Is Patria Investments' ROA % too high?
Patria Investments' current ROA % of 9.88% is 51% below median its 10-year median of 20.06. Over the past 10 years, this metric has ranged from a low of 6.34 to a high of 56.03. The Asset Management industry median ROA % is 3.97. Patria Investments' value of 9.88% is 148.9% above this industry median. Based on the distribution chart, Patria Investments ranks #638 out of 1635 companies in the Asset Management industry, which is above the industry midpoint. Overall, Patria Investments has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Patria Investments' ROA % compare to PDO and NAC?
According to the Asset Management industry distribution chart, Patria Investments ranks #638 out of 1635 companies for ROA %. This puts Patria Investments in the upper half of its industry. The industry median ROA % is 3.97. Patria Investments' value of 9.88% is 148.9% above this benchmark. Historically, Patria Investments' own ROA % has ranged from 6.34 to 56.03 over the past decade. While the company's 10-year median is 20.06 vs. the industry median of 3.97, Patria Investments 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 an Asset Management company?
The median ROA % among Asset Management companies is 3.97, based on 1,635 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. Patria Investments's current ROA % of 9.88% is 148.9% 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 Patria Investments and its competitors. For the Asset Management industry, the median ROA % is 3.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Patria Investments's current ROA % is 9.88%, which is 51% below median its own 10-year median of 20.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Patria Investments stock overvalued right now?
Based on GuruFocus' analysis, Patria Investments (BSP:P2AX34) is currently considered Modestly Undervalued. The stock's GF Value™ is R$40.48, compared to a current price of R$29.88 — trading 26.2% below its estimated fair value. The current ROA % is 9.88%, which is 51% below median its 10-year median of 20.06 and 148.9% above the Asset Management industry median of 3.97. Patria Investments' overall GF Score™ is 68/100 with 7 warning signs to review. 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 Patria Investments (BSP:P2AX34), the current ROA % is 9.88% 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.
Is Patria Investments (BSP:P2AX34) Overvalued in 2026?
Based on GuruFocus' analysis, Patria Investments stock appears to be undervalued.
The current stock price of R$29.88 is trading 26.2% below its estimated GF Value™ of R$40.48.
GuruFocus considers Patria Investments to be Modestly Undervalued.
Key valuation signals for BSP:P2AX34:
ROA %: 9.88% (51% below median its 10-year median of 20.06)
GF Value™: R$40.48 vs. price of R$29.88 (26.2% below fair value)
Industry Position: 148.9% above the Asset Management median (#638 of 1635)
No single metric tells the full story. See the BSP:P2AX34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Patria Investments Ltd is an alternative asset management firm specializing in resilient sectors across select regions. It seeks to provide world-wide and Latin American investors with attractive investment products that allows portfolio diversification and consistent returns. The group promotes inclusive and sustainable development in the Asset Classes: Private Equity, Private Equity Solutions, Credit, Real Estate, Infrastructure, and Public Equities Main sectors: Agribusiness, Power & Energy, Healthcare, Logistics & Transportations, Food & Beverage and Digital & Tech Services Investment Regions.
68GF Score
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