Alupar Investimento (BSP:ALUP11) ROE %: 17.61% (As of Jun. 2026) — 28% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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:ALUP11 Alupar Investimento SA BSP:ALUP11
66 GF Score
Price R$31.40
! 2 Warning Signs
View Full Analysis

What is Alupar Investimento ROE %?

Alupar Investimento BSP:ALUP11 -0.48% 66 ROE % is 17.61% as of Jun. 2026, which is 28% above its 10-year median of 13.77. GuruFocus rates BSP:ALUP11 with a GF Score™ of 66/100. The stock has 2 warning signs investors should review. Among 439 Utilities - Independent Power Producers companies, Alupar Investimento ranks better than 85.19% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Alupar Investimento's annualized net income for the quarter that ended in Jun. 2026 was R$1,667 Mil. Alupar Investimento's average Total Stockholders Equity over the quarter that ended in Jun. 2026 was R$9,464 Mil. Therefore, Alupar Investimento's annualized ROE % for the quarter that ended in Jun. 2026 was 17.61%.

The historical rank and industry rank for Alupar Investimento's ROE % or its related term are showing as below:

BSP:ALUP11' s ROE % Range Over the Past 10 Years
Min: 9.42   Med: 13.77   Max: 19.08
Current: 15.18

During the past 13 years, Alupar Investimento's highest ROE % was 19.08%. The lowest was 9.42%. And the median was 13.77%.

BSP:ALUP11's ROE % is ranked better than
85.19% of 439 companies
in the Utilities - Independent Power Producers industry
Industry Median: 3.48 vs BSP:ALUP11: 15.18

Alupar Investimento  (BSP:ALUP11) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Jun. 2026 )
=Net Income/Total Stockholders Equity
=1666.504/9463.6725
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1666.504 / 6509.14)*(6509.14 / 34895.4465)*(34895.4465 / 9463.6725)
=Net Margin %*Asset Turnover*Equity Multiplier
=25.6 %*0.1865*3.6873
=ROA %*Equity Multiplier
=4.77 %*3.6873
=17.61 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Jun. 2026 )
=Net Income/Total Stockholders Equity
=1666.504/9463.6725
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (1666.504 / 3069.568) * (3069.568 / 3902.228) * (3902.228 / 6509.14) * (6509.14 / 34895.4465) * (34895.4465 / 9463.6725)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.5429 * 0.7866 * 59.95 % * 0.1865 * 3.6873
=17.61 %

Note: The net income data used here is four times the quarterly (Jun. 2026) net income data. The Revenue data used here is four times the quarterly (Jun. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Alupar Investimento ROE % Related Terms


Alupar Investimento ROE % Historical Data

* Premium members only.

The historical data trend for Alupar Investimento's ROE % 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.

Alupar Investimento ROE % Chart

Alupar Investimento Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.13 13.60 9.70 13.93 13.97

Alupar Investimento Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
ROE % 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 6.78 22.28 12.44 8.59 17.61

Alupar Investimento ROE % Competitor Comparison

For the Utilities - Renewable subindustry, Alupar Investimento's ROE %, along with its competitors' market caps and ROE % 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.


Alupar Investimento ROE % vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Alupar Investimento's ROE % distribution charts can be found below:

* The bar in red indicates where Alupar Investimento's ROE % falls into.


BSP:ALUP11
66GF Score
Alupar Investimento SA BSP:ALUP11
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alupar Investimento ROE % Calculation

Alupar Investimento's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=1215.559/( (8240.131+9163.894)/ 2 )
=1215.559/8702.0125
=13.97 %

Alupar Investimento's annualized ROE % for the quarter that ended in Jun. 2026 is calculated as

ROE %=Net Income (Q: Jun. 2026 )/( (Total Stockholders Equity (Q: Mar. 2026 )+Total Stockholders Equity (Q: Jun. 2026 ))/ count )
=1666.504/( (9286.796+9640.549)/ 2 )
=1666.504/9463.6725
=17.61 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Jun. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 17.61% mean?
Alupar Investimento (BSP:ALUP11) has a ROE % of 17.61% as of Jun. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Alupar Investimento and its competitors. This is 28% above median its historical median of 13.77. Over the past decade, Alupar Investimento's ROE % has ranged from 9.42 to 19.08. According to the industry distribution chart, Alupar Investimento ranks #65 out of 439 companies in the Utilities - Independent Power Producers industry, placing it in the top 14.8%.
Is Alupar Investimento's ROE % too high?
Alupar Investimento's current ROE % of 17.61% is 28% above median its 10-year median of 13.77. Over the past 10 years, this metric has ranged from a low of 9.42 to a high of 19.08. The Utilities - Independent Power Producers industry median ROE % is 3.48. Alupar Investimento's value of 17.61% is 406% above this industry median. Based on the distribution chart, Alupar Investimento ranks #65 out of 439 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Alupar Investimento has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Alupar Investimento's ROE % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Alupar Investimento ranks #65 out of 439 companies for ROE %. This places Alupar Investimento in the top 15% of its industry — outperforming the majority of peers. The industry median ROE % is 3.48. Alupar Investimento's value of 17.61% is 406% above this benchmark. Historically, Alupar Investimento's own ROE % has ranged from 9.42 to 19.08 over the past decade. While the company's 10-year median is 13.77 vs. the industry median of 3.48, Alupar Investimento 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 ROE % for an Utilities - Independent Power Producers company?
The median ROE % among Utilities - Independent Power Producers companies is 3.48, based on 439 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Alupar Investimento's current ROE % of 17.61% is 406% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Alupar Investimento and its competitors. For the Utilities - Independent Power Producers industry, the median ROE % is 3.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alupar Investimento's current ROE % is 17.61%, which is 28% above median its own 10-year median of 13.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alupar Investimento stock overvalued right now?
Alupar Investimento (BSP:ALUP11) has a current ROE % of 17.61%. The current ROE % is 17.61%, which is 28% above median its 10-year median of 13.77 and 406% above the Utilities - Independent Power Producers industry median of 3.48. Alupar Investimento's overall GF Score™ is 66/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Alupar Investimento (BSP:ALUP11), the current ROE % is 17.61% as of Jun. 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.

Alupar Investimento Business Description

Other Exchanges ALUP4:BrazilALUP3:Brazil
Address Rua Gomes de, Carvalho, 1996, 16 floor, Suite 161, Room A, Sao Paulo, SP, BRA, 4547-006
Alupar Investimento SA is an investment in other entities operating in the energy and infrastructure industries, in Brazil and abroad. It has two segments Transmission segment and the Generation segment. Its sources of revenue include energy transmission revenue, infrastructure revenue, revenue from the remuneration of concession assets, and revenue from energy supply. The majority of revenue comes from the remuneration of concession assets. It generates the vast majority of its revenue in Brazil.
66GF Score

Get the complete analysis for BSP:ALUP11

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

R$31.40
Price