BSP:USIM3's ROA % is ranked worse than 90.11% of 637
companies
in the Steel industry
Industry Median: 1.92
vs BSP:USIM3: -6.97
Usinas Siderurgicas de Minas Gerais (BSP:USIM3) 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 (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) 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.
Usinas Siderurgicas de Minas Gerais ROA % Related Terms
Usinas Siderurgicas de Minas Gerais ROA % Historical 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.
For the Steel subindustry, Usinas Siderurgicas de Minas Gerais'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.
Usinas Siderurgicas de Minas Gerais ROA % vs Steel Industry
* 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 (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Usinas Siderurgicas de Minas Gerais (BSP:USIM3) has a ROA % of 8.76% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Usinas Siderurgicas de Minas Gerais and its competitors. This is 434% above median its historical median of 1.64. According to the industry distribution chart, Usinas Siderurgicas de Minas Gerais ranks #574 out of 637 companies in the Steel industry, placing it in the top 90.1%.
Is Usinas Siderurgicas de Minas Gerais' ROA % too high?
Usinas Siderurgicas de Minas Gerais' current ROA % of 8.76% is 434% above median its 10-year median of 1.64. The Steel industry median ROA % is 1.92. Usinas Siderurgicas de Minas Gerais' value of 8.76% is 356.3% above this industry median. Based on the distribution chart, Usinas Siderurgicas de Minas Gerais ranks #574 out of 637 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Usinas Siderurgicas de Minas Gerais has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Usinas Siderurgicas de Minas Gerais' ROA % compare to NUE and STLD?
According to the Steel industry distribution chart, Usinas Siderurgicas de Minas Gerais ranks #574 out of 637 companies for ROA %. This places Usinas Siderurgicas de Minas Gerais in the lower half of its industry. The industry median ROA % is 1.92. Usinas Siderurgicas de Minas Gerais' value of 8.76% is 356.3% above this benchmark. While the company's 10-year median is 1.64 vs. the industry median of 1.92, Usinas Siderurgicas de Minas Gerais 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 Steel company?
The median ROA % among Steel companies is 1.92, based on 637 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. Usinas Siderurgicas de Minas Gerais's current ROA % of 8.76% is 356.3% 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 Usinas Siderurgicas de Minas Gerais and its competitors. For the Steel industry, the median ROA % is 1.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Usinas Siderurgicas de Minas Gerais's current ROA % is 8.76%, which is 434% above median its own 10-year median of 1.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Usinas Siderurgicas de Minas Gerais stock overvalued right now?
Based on GuruFocus' analysis, Usinas Siderurgicas de Minas Gerais (BSP:USIM3) is currently considered Modestly Overvalued. The stock's GF Value™ is R$5.93, compared to a current price of R$7.70 — trading 29.8% above its estimated fair value. The current ROA % is 8.76%, which is 434% above median its 10-year median of 1.64 and 356.3% above the Steel industry median of 1.92. Usinas Siderurgicas de Minas Gerais' overall GF Score™ is 60/100 with 5 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 Usinas Siderurgicas de Minas Gerais (BSP:USIM3), the current ROA % is 8.76% 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 Usinas Siderurgicas de Minas Gerais (BSP:USIM3) Overvalued in 2026?
Based on GuruFocus' analysis, Usinas Siderurgicas de Minas Gerais stock appears to be overvalued.
The current stock price of R$7.70 is trading 29.8% above its estimated GF Value™ of R$5.93.
GuruFocus considers Usinas Siderurgicas de Minas Gerais to be Modestly Overvalued.
Key valuation signals for BSP:USIM3:
ROA %: 8.76% (434% above median its 10-year median of 1.64)
GF Value™: R$5.93 vs. price of R$7.70 (29.8% above fair value)
Industry Position: 356.3% above the Steel median (#574 of 637)
No single metric tells the full story. See the BSP:USIM3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Usinas Siderurgicas de Minas Gerais Business Description
Usinas Siderurgicas de Minas Gerais SA is a Brazil-based company engaged in producing and distributing flat steel products. The company's product portfolio comprises ordinary heavy plates, Sincron series premium heavy plates, hot strips, cold-rolled, and galvanized products. These products are used in automotive, civil construction, railway, electric, white goods, offshore platforms, and agricultural and construction machinery. The Brazilian domestic market represents the majority of the company's sales, while the United States, Argentina, and Turkey are the export destination markets for the company.
60GF Score
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