Ultrapar ParticipacoesUGP -1.42%77 ROA % is 7.18% as of Mar. 2026, which is 39% above its 10-year median of 5.15. GuruFocus rates UGP with a GF Score™ of 77/100 and a GF Value™ of $4.56 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,025 Oil & Gas companies, Ultrapar Participacoes ranks better than 77.17% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Ultrapar Participacoes's annualizedNet Income for the quarter that ended in Mar. 2026 was $670 Mil.
Ultrapar Participacoes's average Total Assets over the quarter that ended in Mar. 2026 was $9,324 Mil. Therefore, Ultrapar Participacoes's annualized ROA % for the quarter that ended in Mar. 2026 was 7.18%.
The historical rank and industry rank for Ultrapar Participacoes's ROA % or its related term are showing as below:
UGP'
s ROA % Range Over the Past 10 Years
Min: 1.21 Med: 5.15 Max: 6.87
Current: 6.56
During the past 13 years, Ultrapar Participacoes's highest ROA % was 6.87%. The lowest was 1.21%. And the median was 5.15%.
UGP's ROA % is ranked better than 77.17% of 1025
companies
in the Oil & Gas industry
Industry Median: 1.89
vs UGP: 6.56
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.
* 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 Oil & Gas Refining & Marketing subindustry, Ultrapar Participacoes'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.
Ultrapar Participacoes ROA % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Ultrapar Participacoes's ROA % distribution charts can be found below:
* The bar in red indicates where Ultrapar Participacoes'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 (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Ultrapar Participacoes (UGP) has a ROA % of 7.18% 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 Ultrapar Participacoes and its competitors. This is 39% above median its historical median of 5.15. Over the past decade, Ultrapar Participacoes' ROA % has ranged from 1.21 to 6.87. According to the industry distribution chart, Ultrapar Participacoes ranks #234 out of 1025 companies in the Oil & Gas industry, placing it in the top 22.8%.
Is Ultrapar Participacoes' ROA % too high?
Ultrapar Participacoes' current ROA % of 7.18% is 39% above median its 10-year median of 5.15. Over the past 10 years, this metric has ranged from a low of 1.21 to a high of 6.87. The Oil & Gas industry median ROA % is 1.89. Ultrapar Participacoes' value of 7.18% is 279.9% above this industry median. Based on the distribution chart, Ultrapar Participacoes ranks #234 out of 1025 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Ultrapar Participacoes has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ultrapar Participacoes' ROA % compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Ultrapar Participacoes ranks #234 out of 1025 companies for ROA %. This places Ultrapar Participacoes in the top 23% of its industry — outperforming the majority of peers. The industry median ROA % is 1.89. Ultrapar Participacoes' value of 7.18% is 279.9% above this benchmark. Historically, Ultrapar Participacoes' own ROA % has ranged from 1.21 to 6.87 over the past decade. While the company's 10-year median is 5.15 vs. the industry median of 1.89, Ultrapar Participacoes 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 Oil & Gas company?
The median ROA % among Oil & Gas companies is 1.89, based on 1,025 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. Ultrapar Participacoes's current ROA % of 7.18% is 279.9% 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 Ultrapar Participacoes and its competitors. For the Oil & Gas industry, the median ROA % is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ultrapar Participacoes's current ROA % is 7.18%, which is 39% above median its own 10-year median of 5.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ultrapar Participacoes stock overvalued right now?
Based on GuruFocus' analysis, Ultrapar Participacoes (UGP) is currently considered Fairly Valued. The stock's GF Value™ is $4.56, compared to a current price of $4.87 — trading 6.8% above its estimated fair value. The current ROA % is 7.18%, which is 39% above median its 10-year median of 5.15 and 279.9% above the Oil & Gas industry median of 1.89. Ultrapar Participacoes' overall GF Score™ is 77/100 with 1 warning sign 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 Ultrapar Participacoes (UGP), the current ROA % is 7.18% 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 Ultrapar Participacoes (UGP) Overvalued in 2026?
Based on GuruFocus' analysis, Ultrapar Participacoes stock appears to be overvalued.
The current stock price of $4.87 is trading 6.8% above its estimated GF Value™ of $4.56.
GuruFocus considers Ultrapar Participacoes to be Fairly Valued.
Key valuation signals for UGP:
ROA %: 7.18% (39% above median its 10-year median of 5.15)
GF Value™: $4.56 vs. price of $4.87 (6.8% above fair value)
Industry Position: 279.9% above the Oil & Gas median (#234 of 1025)
No single metric tells the full story. See the UGP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ultrapar Participacoes SA engages in the investment of its own capital in services, commercial, and industrial activities, through the subscription or acquisition of shares of other companies. The company's business segments include: i) Ultragaz distributes LPG in the segments: bulk, comprising condominiums, trade, services, industries, and agribusiness; and bottled, mainly comprising residential consumers. ii) Ipiranga, the majority revenue generating segment, engages in the distribution and sale of oil-related products to service stations that operate under the Ipiranga brand throughout Brazil. iii) Ultracargo operates in specialized liquid bulk storage solutions in the main logistics centers. iv) Hidrovias: operates in logistics solutions and waterway and multimodal infrastructure.
77GF Score
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