Azzas 2154 (BSP:AZZA3) ROE % Adjusted to Book Value: 2.97% (As of Mar. 2026)

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Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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.
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Charlie Tian
Founder & CEO of GuruFocus
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:AZZA3 Azzas 2154 SA BSP:AZZA3
79 GF Score
Price R$18.59
GF Value R$50.96
Valuation Possible Value Trap
! 10 Warning Signs
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What is Azzas 2154 ROE % Adjusted to Book Value?

Azzas 2154 BSP:AZZA3 +0.32% 79 ROE % Adjusted to Book Value is 2.97% as of Mar. 2026. GuruFocus rates BSP:AZZA3 with a GF Score™ of 79/100 and a GF Value™ of R$50.96 (Possible Value Trap). The stock has 10 warning signs investors should review.

Azzas 2154's ROE % for the quarter that ended in Mar. 2026 was 1.93%. Azzas 2154's PB Ratio for the quarter that ended in Mar. 2026 was 0.65. Azzas 2154's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 2.97%.


Azzas 2154 ROE % Adjusted to Book Value Related Terms


Azzas 2154 ROE % Adjusted to Book Value Historical Data

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The historical data trend for Azzas 2154's ROE % Adjusted to Book Value 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.

Azzas 2154 ROE % Adjusted to Book Value Chart

Azzas 2154 Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.88 6.16 5.84 8.15 18.16

Azzas 2154 Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.35 25.13 10.84 6.95 2.97

BSP:AZZA3 vs NKE, DECK, ONON: ROE % Adjusted to Book Value Comparison

For the Footwear & Accessories subindustry, Azzas 2154's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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.


Azzas 2154 ROE % Adjusted to Book Value vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Azzas 2154's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Azzas 2154's ROE % Adjusted to Book Value falls into.


BSP:AZZA3
79GF Score
Azzas 2154 SA BSP:AZZA3
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Azzas 2154 ROE % Adjusted to Book Value Calculation

Azzas 2154's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=11.62% / 0.64
=18.16%

Azzas 2154's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=1.93% / 0.65
=2.97%

* 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.

What does a ROE % Adjusted to Book Value of 2.97% mean?
Azzas 2154 (BSP:AZZA3) has a ROE % Adjusted to Book Value of 2.97% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Azzas 2154 and its competitors.
Is Azzas 2154's ROE % Adjusted to Book Value too high?
Azzas 2154's current ROE % Adjusted to Book Value is 2.97%. Overall, Azzas 2154 has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Azzas 2154's ROE % Adjusted to Book Value compare to NKE and DECK?
Azzas 2154's ROE % Adjusted to Book Value of 2.97% can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a Manufacturing - Apparel & Accessories company?
A good ROE % Adjusted to Book Value depends on the Manufacturing - Apparel & Accessories industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Azzas 2154 and its competitors. Azzas 2154's current ROE % Adjusted to Book Value is 2.97%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azzas 2154 stock overvalued right now?
Based on GuruFocus' analysis, Azzas 2154 (BSP:AZZA3) is currently considered Possible Value Trap. The stock's GF Value™ is R$50.96, compared to a current price of R$18.59 — trading 63.5% below its estimated fair value. The current ROE % Adjusted to Book Value is 2.97%. Azzas 2154's overall GF Score™ is 79/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Azzas 2154 (BSP:AZZA3), the current ROE % Adjusted to Book Value is 2.97% 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 Azzas 2154 (BSP:AZZA3) Overvalued in 2026?

Based on GuruFocus' analysis, Azzas 2154 stock appears to be undervalued. The current stock price of R$18.59 is trading 63.5% below its estimated GF Value™ of R$50.96. GuruFocus considers Azzas 2154 to be Possible Value Trap.

Key valuation signals for BSP:AZZA3:

  • ROE % Adjusted to Book Value: 2.97%
  • GF Value™: R$50.96 vs. price of R$18.59 (63.5% below fair value)
  • GF Score™: 79/100 with 10 warning signs

No single metric tells the full story. See the BSP:AZZA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Azzas 2154 Business Description

Address Rua Fernandes Tourinho, 147 - sala 402, Rooms 1301 and 130, Belo Horizonte, MG, BRA, 30112000
Azzas 2154 SA, along with its subsidiaries, is engaged in the manufacturing, development, modeling and retail and wholesale trade of footwear, handbags, accessories and clothing for the women's, men's and democratic markets, particularly the women's market. The company also operates an online sales channel that makes available products of the brands Arezzo, Schutz, Anacapri, Alexandre Birman, Vans, Vicenza, Farm Rio, Animale, NV, Cris Barros, Maria Filó, Carol Bassi, Fábula, Off Premium, Reserva, Oficina, Foxton, Reserva Mini, Reserva Go, Reserva Ink, Hering, Hering Kids, Hering Sports, Hering Shoes and Hering Intimates. The majority of the company's revenue is derived from the sales of its products.
79GF Score

Get the complete analysis for BSP:AZZA3

ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$18.59
Price
R$50.96
GF Value