Itau Unibanco Holding (BSP:ITUB4) ROE % Adjusted to Book Value: 9.81% (As of Mar. 2026)


BSP:ITUB4 Itau Unibanco Holding SA BSP:ITUB4
65 GF Score
Price R$42.41
GF Value R$28.77
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Itau Unibanco Holding ROE % Adjusted to Book Value?

Itau Unibanco Holding BSP:ITUB4 +0.40% 65 ROE % Adjusted to Book Value is 9.81% as of Mar. 2026. GuruFocus rates BSP:ITUB4 with a GF Score™ of 65/100 and a GF Value™ of R$28.77 (Significantly Overvalued). The stock has 9 warning signs investors should review.

Itau Unibanco Holding's ROE % for the quarter that ended in Mar. 2026 was 22.47%. Itau Unibanco Holding's PB Ratio for the quarter that ended in Mar. 2026 was 2.29. Itau Unibanco Holding's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 9.81%.


Itau Unibanco Holding ROE % Adjusted to Book Value Related Terms


Itau Unibanco Holding ROE % Adjusted to Book Value Historical Data

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The historical data trend for Itau Unibanco Holding'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.

Itau Unibanco Holding ROE % Adjusted to Book Value Chart

Itau Unibanco Holding 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 13.50 12.48 10.57 14.42 10.18

Itau Unibanco Holding 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 12.14 11.39 10.95 10.71 9.81

Itau Unibanco Holding ROE % Adjusted to Book Value Competitor Comparison

For the Banks - Regional subindustry, Itau Unibanco Holding'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.


Itau Unibanco Holding ROE % Adjusted to Book Value vs Banks Industry

For the Banks industry and Financial Services sector, Itau Unibanco Holding's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Itau Unibanco Holding's ROE % Adjusted to Book Value falls into.


BSP:ITUB4
65GF Score
Itau Unibanco Holding SA BSP:ITUB4
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Itau Unibanco Holding ROE % Adjusted to Book Value Calculation

Itau Unibanco Holding'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
=21.59% / 2.12
=10.18%

Itau Unibanco Holding'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
=22.47% / 2.29
=9.81%

* 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 9.81% mean?
Itau Unibanco Holding (BSP:ITUB4) has a ROE % Adjusted to Book Value of 9.81% 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 Itau Unibanco Holding and its competitors.
Is Itau Unibanco Holding's ROE % Adjusted to Book Value too high?
Itau Unibanco Holding's current ROE % Adjusted to Book Value is 9.81%. Overall, Itau Unibanco Holding has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Itau Unibanco Holding's ROE % Adjusted to Book Value compare to competitors?
Itau Unibanco Holding's ROE % Adjusted to Book Value of 9.81% can be compared against companies in the Banks 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 Banks company?
A good ROE % Adjusted to Book Value depends on the Banks 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 Itau Unibanco Holding and its competitors. Itau Unibanco Holding's current ROE % Adjusted to Book Value is 9.81%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Itau Unibanco Holding stock overvalued right now?
Based on GuruFocus' analysis, Itau Unibanco Holding (BSP:ITUB4) is currently considered Significantly Overvalued. The stock's GF Value™ is R$28.77, compared to a current price of R$42.41 — trading 47.4% above its estimated fair value. The current ROE % Adjusted to Book Value is 9.81%. Itau Unibanco Holding's overall GF Score™ is 65/100 with 9 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 Itau Unibanco Holding (BSP:ITUB4), the current ROE % Adjusted to Book Value is 9.81% 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 Itau Unibanco Holding (BSP:ITUB4) Overvalued in 2026?

Based on GuruFocus' analysis, Itau Unibanco Holding stock appears to be overvalued. The current stock price of R$42.41 is trading 47.4% above its estimated GF Value™ of R$28.77. GuruFocus considers Itau Unibanco Holding to be Significantly Overvalued.

Key valuation signals for BSP:ITUB4:

  • ROE % Adjusted to Book Value: 9.81%
  • GF Value™: R$28.77 vs. price of R$42.41 (47.4% above fair value)
  • GF Score™: 65/100 with 9 warning signs

No single metric tells the full story. See the BSP:ITUB4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Itau Unibanco Holding Business Description

Address Praca Alfredo Egydio de Souza Aranha, 100, Torre Olavo Setubal, Parque Jabaquara, Sao Paulo, SP, BRA, 04344-902
Itaú Unibanco is the largest privately held bank in Brazil, the result of the 2008 merger between Banco Itaú and Unibanco. In addition to Brazil, the bank has significant operations in Chile, Colombia, Argentina, Uruguay, and Paraguay. Itaú's commercial and consumer loans account for 35% and 43% of the bank's total loans, respectively, while foreign loans account for 22% of its portfolio as of the end of 2025. The bank also operates the fifth-largest insurer in Brazil and is the second-largest asset manager in the country, giving it broad reach over the Brazilian financial system.
65GF Score

Get the complete analysis for BSP:ITUB4

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

R$42.41
Price
R$28.77
GF Value