ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Brava Energia's annualized net income for the quarter that ended in Mar. 2026 was R$-1,399 Mil. Brava Energia's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was R$11,592 Mil. Therefore, Brava Energia's annualized ROE % for the quarter that ended in Mar. 2026 was -12.07%.
The historical rank and industry rank for Brava Energia's ROE % or its related term are showing as below:
BSP:BRAV3'
s ROE % Range Over the Past 10 Years
Min: -39.46 Med: -4.82 Max: 12.66
Current: 1.97
During the past 10 years, Brava Energia's highest ROE % was 12.66%. The lowest was -39.46%. And the median was -4.82%.
BSP:BRAV3's ROE % is ranked worse than 61.02% of 957
companies
in the Oil & Gas industry
Industry Median: 5.71
vs BSP:BRAV3: 1.97
Brava Energia (BSP:BRAV3) 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:
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.
Brava Energia ROE % Related Terms
Brava Energia ROE % Historical Data
* Premium members only.
The historical data trend for Brava Energia'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 Oil & Gas E&P subindustry, Brava Energia'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.
Brava Energia ROE % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Brava Energia's ROE % distribution charts can be found below:
* The bar in red indicates where Brava Energia'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.
Brava Energia (BSP:BRAV3) has a ROE % of -12.07% 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 Brava Energia and its competitors. According to the industry distribution chart, Brava Energia ranks #584 out of 957 companies in the Oil & Gas industry, placing it in the top 61%.
Is Brava Energia's ROE % too high?
Brava Energia's current ROE % is -12.07%. Based on the distribution chart, Brava Energia ranks #584 out of 957 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Brava Energia has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Brava Energia's ROE % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Brava Energia ranks #584 out of 957 companies for ROE %. This places Brava Energia in the lower half of its industry. The industry median ROE % is 5.71. 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 Oil & Gas company?
The median ROE % among Oil & Gas companies is 5.71, based on 957 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. 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 Brava Energia and its competitors. For the Oil & Gas industry, the median ROE % is 5.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Brava Energia's current ROE % is -12.07%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Brava Energia stock overvalued right now?
Based on GuruFocus' analysis, Brava Energia (BSP:BRAV3) is currently considered Fairly Valued. The stock's GF Value™ is R$20.34, compared to a current price of R$19.21 — trading 5.6% below its estimated fair value. The current ROE % is -12.07%. Brava Energia's overall GF Score™ is 66/100 with 8 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 Brava Energia (BSP:BRAV3), the current ROE % is -12.07% 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 Brava Energia (BSP:BRAV3) Overvalued in 2026?
Based on GuruFocus' analysis, Brava Energia stock appears to be undervalued.
The current stock price of R$19.21 is trading 5.6% below its estimated GF Value™ of R$20.34.
GuruFocus considers Brava Energia to be Fairly Valued.
Key valuation signals for BSP:BRAV3:
ROE %: -12.07%
GF Value™: R$20.34 vs. price of R$19.21 (5.6% below fair value)
No single metric tells the full story. See the BSP:BRAV3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Brava Energia SA is engaged in the oil and gas sector with a focus on the redevelopment of mature production fields located onshore, in shallow waters, and offshore. The company operates in the following business segments: Exploration and Production (E&P), Mid and Downstream, and Corporate and other businesses. Maximum revenue is generated from the Exploration and Production segment, which includes oil and gas exploration and production activities in Brazil, including production development. This segment generates revenue mainly from the sale of oil and gas. The Mid and Downstream segment includes the activities of refining, logistics, transportation, acquisition, and export of crude oil, as well as the purchase and sale of oil and gas derivatives in Brazil.
66GF Score
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