Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
BSP:VSHO11's ROA % is ranked better than 95.82% of 933
companies
in the REITs industry
Industry Median: 3.21
vs BSP:VSHO11: 17.65
Fundo DE Investimento Imobiliario Votorantim Shopping (BSP:VSHO11) 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 one times the annual (Jun. 2025) net income data. The Revenue data used here is one times the annual (Jun. 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.
Fundo DE Investimento Imobiliario Votorantim Shopping ROA % Related Terms
Fundo DE Investimento Imobiliario Votorantim Shopping 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.
Fundo DE Investimento Imobiliario Votorantim Shopping ROA % Chart
Fundo DE Investimento Imobiliario Votorantim Shopping Annual Data
* 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.
Fundo DE Investimento Imobiliario Votorantim Shopping ROA % vs REITs 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 one times the annual (Jun. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Fundo DE Investimento Imobiliario Votorantim Shopping (BSP:VSHO11) has a ROA % of 17.65% as of Jun. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Fundo DE Investimento Imobiliario Votorantim Shopping and its competitors. This is 147% above median its historical median of 7.14. According to the industry distribution chart, Fundo DE Investimento Imobiliario Votorantim Shopping ranks #39 out of 933 companies in the REITs industry, placing it in the top 4.2%.
Is Fundo DE Investimento Imobiliario Votorantim Shopping's ROA % too high?
Fundo DE Investimento Imobiliario Votorantim Shopping's current ROA % of 17.65% is 147% above median its 10-year median of 7.14. The REITs industry median ROA % is 3.21. Fundo DE Investimento Imobiliario Votorantim Shopping's value of 17.65% is 449.8% above this industry median. Based on the distribution chart, Fundo DE Investimento Imobiliario Votorantim Shopping ranks #39 out of 933 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Fundo DE Investimento Imobiliario Votorantim Shopping has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fundo DE Investimento Imobiliario Votorantim Shopping's ROA % compare to SPG and O?
According to the REITs industry distribution chart, Fundo DE Investimento Imobiliario Votorantim Shopping ranks #39 out of 933 companies for ROA %. This places Fundo DE Investimento Imobiliario Votorantim Shopping in the top 4% of its industry — outperforming the majority of peers. The industry median ROA % is 3.21. Fundo DE Investimento Imobiliario Votorantim Shopping's value of 17.65% is 449.8% above this benchmark. While the company's 10-year median is 7.14 vs. the industry median of 3.21, Fundo DE Investimento Imobiliario Votorantim Shopping 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 REITs company?
The median ROA % among REITs companies is 3.21, based on 933 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. Fundo DE Investimento Imobiliario Votorantim Shopping's current ROA % of 17.65% is 449.8% 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 Fundo DE Investimento Imobiliario Votorantim Shopping and its competitors. For the REITs industry, the median ROA % is 3.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fundo DE Investimento Imobiliario Votorantim Shopping's current ROA % is 17.65%, which is 147% above median its own 10-year median of 7.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fundo DE Investimento Imobiliario Votorantim Shopping stock overvalued right now?
Based on GuruFocus' analysis, Fundo DE Investimento Imobiliario Votorantim Shopping (BSP:VSHO11) is currently considered Modestly Undervalued. The stock's GF Value™ is R$86.51, compared to a current price of R$73.77 — trading 14.7% below its estimated fair value. The current ROA % is 17.65%, which is 147% above median its 10-year median of 7.14 and 449.8% above the REITs industry median of 3.21. Fundo DE Investimento Imobiliario Votorantim Shopping's overall GF Score™ is 78/100 with 2 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 Fundo DE Investimento Imobiliario Votorantim Shopping (BSP:VSHO11), the current ROA % is 17.65% as of Jun. 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 Fundo DE Investimento Imobiliario Votorantim Shopping (BSP:VSHO11) Overvalued in 2026?
Based on GuruFocus' analysis, Fundo DE Investimento Imobiliario Votorantim Shopping stock appears to be undervalued.
The current stock price of R$73.77 is trading 14.7% below its estimated GF Value™ of R$86.51.
GuruFocus considers Fundo DE Investimento Imobiliario Votorantim Shopping to be Modestly Undervalued.
Key valuation signals for BSP:VSHO11:
ROA %: 17.65% (147% above median its 10-year median of 7.14)
GF Value™: R$86.51 vs. price of R$73.77 (14.7% below fair value)
Industry Position: 449.8% above the REITs median (#39 of 933)
No single metric tells the full story. See the BSP:VSHO11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fundo DE Investimento Imobiliario Votorantim Shopping Business Description
Fundo DE Investimento Imobiliario Votorantim Shopping is a closed-end fund with an indefinite term, divided into registered, book-entry shares that correspond to ideal fractions of its assets. The fund's objective is to provide shareholders with returns on their investment through the partial or total acquisition of real estate, real rights over real estate, including shares, units of special purpose entities or units of real estate investment funds, for the purpose of commercial exploitation of real estate ventures related to shopping centers and related activities, such as strip malls, outlets or power centers.
78GF Score
Get the complete analysis for BSP:VSHO11
ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BSP:VSHO11 has been successfully added to your 
