Azzas 2154BSP:AZZA3 -1.15%76 ROE % is 1.93% as of Mar. 2026, which is 90% below its 10-year median of 19.03. GuruFocus rates BSP:AZZA3 with a GF Score™ of 76/100 and a GF Value™ of R$50.84 (Possible Value Trap). The stock has 10 warning signs investors should review. Among 1,019 Manufacturing - Apparel & Accessories companies, Azzas 2154 ranks better than 73.99% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Azzas 2154's annualized net income for the quarter that ended in Mar. 2026 was R$154 Mil. Azzas 2154's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was R$7,991 Mil. Therefore, Azzas 2154's annualized ROE % for the quarter that ended in Mar. 2026 was 1.93%.
The historical rank and industry rank for Azzas 2154's ROE % or its related term are showing as below:
BSP:AZZA3'
s ROE % Range Over the Past 10 Years
Min: 4.64 Med: 19.03 Max: 23.49
Current: 10.28
During the past 13 years, Azzas 2154's highest ROE % was 23.49%. The lowest was 4.64%. And the median was 19.03%.
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:
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. 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.
Azzas 2154 ROE % Related Terms
Azzas 2154 ROE % Historical Data
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The historical data trend for Azzas 2154'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.
For the Footwear & Accessories subindustry, Azzas 2154'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.
Azzas 2154 ROE % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Azzas 2154's ROE % distribution charts can be found below:
* The bar in red indicates where Azzas 2154's ROE % 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 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 (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Azzas 2154 (BSP:AZZA3) has a ROE % of 1.93% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Azzas 2154 and its competitors. This is 90% below median its historical median of 19.03. Over the past decade, Azzas 2154's ROE % has ranged from 4.64 to 23.49. According to the industry distribution chart, Azzas 2154 ranks #265 out of 1019 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 26%.
Is Azzas 2154's ROE % too high?
Azzas 2154's current ROE % of 1.93% is 90% below median its 10-year median of 19.03. Over the past 10 years, this metric has ranged from a low of 4.64 to a high of 23.49. The Manufacturing - Apparel & Accessories industry median ROE % is 4.04. Azzas 2154's value of 1.93% is 52.2% below this industry median. Based on the distribution chart, Azzas 2154 ranks #265 out of 1019 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Azzas 2154 has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Azzas 2154's ROE % compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Azzas 2154 ranks #265 out of 1019 companies for ROE %. This puts Azzas 2154 in the upper half of its industry. The industry median ROE % is 4.04. Azzas 2154's value of 1.93% is 52.2% below this benchmark. Historically, Azzas 2154's own ROE % has ranged from 4.64 to 23.49 over the past decade. While the company's 10-year median is 19.03 vs. the industry median of 4.04, Azzas 2154 has consistently been below 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 a Manufacturing - Apparel & Accessories company?
The median ROE % among Manufacturing - Apparel & Accessories companies is 4.04, based on 1,019 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. Azzas 2154's current ROE % of 1.93% is 52.2% below 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 Azzas 2154 and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROE % is 4.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Azzas 2154's current ROE % is 1.93%, which is 90% below median its own 10-year median of 19.03. 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$50.84, compared to a current price of R$17.14 — trading 66.3% below its estimated fair value. The current ROE % is 1.93%, which is 90% below median its 10-year median of 19.03 and 52.2% below the Manufacturing - Apparel & Accessories industry median of 4.04. Azzas 2154's overall GF Score™ is 76/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Azzas 2154 (BSP:AZZA3), the current ROE % is 1.93% 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$17.14 is trading 66.3% below its estimated GF Value™ of R$50.84.
GuruFocus considers Azzas 2154 to be Possible Value Trap.
Key valuation signals for BSP:AZZA3:
ROE %: 1.93% (90% below median its 10-year median of 19.03)
GF Value™: R$50.84 vs. price of R$17.14 (66.3% below fair value)
Industry Position: 52.2% below the Manufacturing - Apparel & Accessories median (#265 of 1019)
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 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.
76GF Score
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