B3 - Brasil Bolsa Balcao (BSP:B3SA3) ROE %: 33.10% (As of Mar. 2026) — 82% Above Median


BSP:B3SA3 B3 SA - Brasil Bolsa Balcao BSP:B3SA3
88 GF Score
Price R$14.92
GF Value R$16.41
Valuation Fairly Valued
! 7 Warning Signs
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What is B3 - Brasil Bolsa Balcao ROE %?

B3 - Brasil Bolsa Balcao BSP:B3SA3 +2.12% 88 ROE % is 33.10% as of Mar. 2026, which is 82% above its 10-year median of 18.22. GuruFocus rates BSP:B3SA3 with a GF Score™ of 88/100 and a GF Value™ of R$16.41 (Fairly Valued). The stock has 7 warning signs investors should review. Among 791 Capital Markets companies, B3 - Brasil Bolsa Balcao ranks better than 88.37% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. B3 - Brasil Bolsa Balcao's annualized net income for the quarter that ended in Mar. 2026 was R$5,908 Mil. B3 - Brasil Bolsa Balcao's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was R$17,849 Mil. Therefore, B3 - Brasil Bolsa Balcao's annualized ROE % for the quarter that ended in Mar. 2026 was 33.10%.

The historical rank and industry rank for B3 - Brasil Bolsa Balcao's ROE % or its related term are showing as below:

BSP:B3SA3' s ROE % Range Over the Past 10 Years
Min: 5.98   Med: 18.22   Max: 26.36
Current: 26.36

During the past 13 years, B3 - Brasil Bolsa Balcao's highest ROE % was 26.36%. The lowest was 5.98%. And the median was 18.22%.

BSP:B3SA3's ROE % is ranked better than
88.37% of 791 companies
in the Capital Markets industry
Industry Median: 6 vs BSP:B3SA3: 26.36

B3 - Brasil Bolsa Balcao  (BSP:B3SA3) 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: Mar. 2026 )
=Net Income/Total Stockholders Equity
=5907.872/17848.908
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(5907.872 / 11487.1)*(11487.1 / 48530.829)*(48530.829 / 17848.908)
=Net Margin %*Asset Turnover*Equity Multiplier
=51.43 %*0.2367*2.719
=ROA %*Equity Multiplier
=12.17 %*2.719
=33.10 %

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: Mar. 2026 )
=Net Income/Total Stockholders Equity
=5907.872/17848.908
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (5907.872 / 8256.064) * (8256.064 / 7708.292) * (7708.292 / 11487.1) * (11487.1 / 48530.829) * (48530.829 / 17848.908)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7156 * 1.0711 * 67.1 % * 0.2367 * 2.719
=33.10 %

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.


B3 - Brasil Bolsa Balcao ROE % Related Terms


B3 - Brasil Bolsa Balcao ROE % Historical Data

* Premium members only.

The historical data trend for B3 - Brasil Bolsa Balcao'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.

B3 - Brasil Bolsa Balcao ROE % Chart

B3 - Brasil Bolsa Balcao 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 20.11 19.80 20.38 23.69 25.61

B3 - Brasil Bolsa Balcao Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 23.81 27.52 25.23 19.51 33.10

BSP:B3SA3 vs SPGI, CME, ICE: ROE % Comparison

For the Financial Data & Stock Exchanges subindustry, B3 - Brasil Bolsa Balcao'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.


B3 - Brasil Bolsa Balcao ROE % vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, B3 - Brasil Bolsa Balcao's ROE % distribution charts can be found below:

* The bar in red indicates where B3 - Brasil Bolsa Balcao's ROE % falls into.


BSP:B3SA3
88GF Score
B3 SA - Brasil Bolsa Balcao BSP:B3SA3
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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B3 - Brasil Bolsa Balcao ROE % Calculation

B3 - Brasil Bolsa Balcao'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 )
=4585.619/( (18370.755+17442.134)/ 2 )
=4585.619/17906.4445
=25.61 %

B3 - Brasil Bolsa Balcao's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=5907.872/( (17442.134+18255.682)/ 2 )
=5907.872/17848.908
=33.10 %

* 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.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 33.10% mean?
B3 - Brasil Bolsa Balcao (BSP:B3SA3) has a ROE % of 33.10% 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 B3 - Brasil Bolsa Balcao and its competitors. This is 82% above median its historical median of 18.22. Over the past decade, B3 - Brasil Bolsa Balcao's ROE % has ranged from 5.98 to 26.36. According to the industry distribution chart, B3 - Brasil Bolsa Balcao ranks #92 out of 791 companies in the Capital Markets industry, placing it in the top 11.6%.
Is B3 - Brasil Bolsa Balcao's ROE % too high?
B3 - Brasil Bolsa Balcao's current ROE % of 33.10% is 82% above median its 10-year median of 18.22. Over the past 10 years, this metric has ranged from a low of 5.98 to a high of 26.36. The Capital Markets industry median ROE % is 6.00. B3 - Brasil Bolsa Balcao's value of 33.10% is 451.7% above this industry median. Based on the distribution chart, B3 - Brasil Bolsa Balcao ranks #92 out of 791 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, B3 - Brasil Bolsa Balcao has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does B3 - Brasil Bolsa Balcao's ROE % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, B3 - Brasil Bolsa Balcao ranks #92 out of 791 companies for ROE %. This places B3 - Brasil Bolsa Balcao in the top 12% of its industry — outperforming the majority of peers. The industry median ROE % is 6.00. B3 - Brasil Bolsa Balcao's value of 33.10% is 451.7% above this benchmark. Historically, B3 - Brasil Bolsa Balcao's own ROE % has ranged from 5.98 to 26.36 over the past decade. While the company's 10-year median is 18.22 vs. the industry median of 6.00, B3 - Brasil Bolsa Balcao 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 a Capital Markets company?
The median ROE % among Capital Markets companies is 6.00, based on 791 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. B3 - Brasil Bolsa Balcao's current ROE % of 33.10% is 451.7% 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 B3 - Brasil Bolsa Balcao and its competitors. For the Capital Markets industry, the median ROE % is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. B3 - Brasil Bolsa Balcao's current ROE % is 33.10%, which is 82% above median its own 10-year median of 18.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is B3 - Brasil Bolsa Balcao stock overvalued right now?
Based on GuruFocus' analysis, B3 - Brasil Bolsa Balcao (BSP:B3SA3) is currently considered Fairly Valued. The stock's GF Value™ is R$16.41, compared to a current price of R$14.92 — trading 9.1% below its estimated fair value. The current ROE % is 33.10%, which is 82% above median its 10-year median of 18.22 and 451.7% above the Capital Markets industry median of 6.00. B3 - Brasil Bolsa Balcao's overall GF Score™ is 88/100 with 7 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 B3 - Brasil Bolsa Balcao (BSP:B3SA3), the current ROE % is 33.10% 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 B3 - Brasil Bolsa Balcao (BSP:B3SA3) Overvalued in 2026?

Based on GuruFocus' analysis, B3 - Brasil Bolsa Balcao stock appears to be undervalued. The current stock price of R$14.92 is trading 9.1% below its estimated GF Value™ of R$16.41. GuruFocus considers B3 - Brasil Bolsa Balcao to be Fairly Valued.

Key valuation signals for BSP:B3SA3:

  • ROE %: 33.10% (82% above median its 10-year median of 18.22)
  • GF Value™: R$16.41 vs. price of R$14.92 (9.1% below fair value)
  • GF Score™: 88/100 with 7 warning signs
  • Industry Position: 451.7% above the Capital Markets median (#92 of 791)

No single metric tells the full story. See the BSP:B3SA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


B3 - Brasil Bolsa Balcao Business Description

Other Exchanges BOLSY:USAYBV0:Germany
Address Praca Antonio Prado, 48, Centro, Sao Paulo, SP, BRA, 01010-901
B3 SA - Brasil Bolsa Balcao is a financial market exchange. Its services consist of trading, clearing, and other post-trade services. The company's activities are carried out through its trading systems and clearinghouses and include transactions with securities, interbank foreign exchange, and securities under custody in the special system for settlement and custody. The company's segment involves: Markets, Data Analytics Solutions (Trillia), Capital Market Solutions and Technology & Platforms . It derives maximum revenue from the Technology & Platforms Segment.
88GF Score

Get the complete analysis for BSP:B3SA3

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

R$14.92
Price
R$16.41
GF Value