EZ TEC Empreendimentos e Participacoes (BSP:EZTC3) ROE %: 9.41% (As of Mar. 2026) — Near Median


BSP:EZTC3 EZ TEC Empreendimentos e Participacoes SA BSP:EZTC3
89 GF Score
Price R$13.15
GF Value R$14.56
Valuation Modestly Undervalued
! 6 Warning Signs
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What is EZ TEC Empreendimentos e Participacoes ROE %?

EZ TEC Empreendimentos e Participacoes BSP:EZTC3 +3.38% 89 ROE % is 9.41% as of Mar. 2026, which is 8% above its 10-year median of 8.69. GuruFocus rates BSP:EZTC3 with a GF Score™ of 89/100 and a GF Value™ of R$14.56 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,731 Real Estate companies, EZ TEC Empreendimentos e Participacoes ranks better than 76.83% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. EZ TEC Empreendimentos e Participacoes's annualized net income for the quarter that ended in Mar. 2026 was R$479 Mil. EZ TEC Empreendimentos e Participacoes's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was R$5,090 Mil. Therefore, EZ TEC Empreendimentos e Participacoes's annualized ROE % for the quarter that ended in Mar. 2026 was 9.41%.

The historical rank and industry rank for EZ TEC Empreendimentos e Participacoes's ROE % or its related term are showing as below:

BSP:EZTC3' s ROE % Range Over the Past 10 Years
Min: 3.79   Med: 8.69   Max: 13.38
Current: 11.11

During the past 13 years, EZ TEC Empreendimentos e Participacoes's highest ROE % was 13.38%. The lowest was 3.79%. And the median was 8.69%.

BSP:EZTC3's ROE % is ranked better than
76.83% of 1731 companies
in the Real Estate industry
Industry Median: 4.02 vs BSP:EZTC3: 11.11

EZ TEC Empreendimentos e Participacoes  (BSP:EZTC3) 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
=478.796/5090.3955
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(478.796 / 1290.072)*(1290.072 / 7268.3055)*(7268.3055 / 5090.3955)
=Net Margin %*Asset Turnover*Equity Multiplier
=37.11 %*0.1775*1.4278
=ROA %*Equity Multiplier
=6.59 %*1.4278
=9.41 %

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
=478.796/5090.3955
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (478.796 / 537.88) * (537.88 / 195.22) * (195.22 / 1290.072) * (1290.072 / 7268.3055) * (7268.3055 / 5090.3955)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8902 * 2.7553 * 15.13 % * 0.1775 * 1.4278
=9.41 %

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.


EZ TEC Empreendimentos e Participacoes ROE % Related Terms


EZ TEC Empreendimentos e Participacoes ROE % Historical Data

* Premium members only.

The historical data trend for EZ TEC Empreendimentos e Participacoes'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.

EZ TEC Empreendimentos e Participacoes ROE % Chart

EZ TEC Empreendimentos e Participacoes 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 10.30 7.42 5.25 8.56 10.88

EZ TEC Empreendimentos e Participacoes 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 7.76 11.29 14.46 9.25 9.41

EZ TEC Empreendimentos e Participacoes ROE % Competitor Comparison

For the Real Estate - Development subindustry, EZ TEC Empreendimentos e Participacoes'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.


EZ TEC Empreendimentos e Participacoes ROE % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, EZ TEC Empreendimentos e Participacoes's ROE % distribution charts can be found below:

* The bar in red indicates where EZ TEC Empreendimentos e Participacoes's ROE % falls into.


BSP:EZTC3
89GF Score
EZ TEC Empreendimentos e Participacoes SA BSP:EZTC3
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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EZ TEC Empreendimentos e Participacoes ROE % Calculation

EZ TEC Empreendimentos e Participacoes'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 )
=535.012/( (4804.338+5030.546)/ 2 )
=535.012/4917.442
=10.88 %

EZ TEC Empreendimentos e Participacoes'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 )
=478.796/( (5030.546+5150.245)/ 2 )
=478.796/5090.3955
=9.41 %

* 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 9.41% mean?
EZ TEC Empreendimentos e Participacoes (BSP:EZTC3) has a ROE % of 9.41% 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 EZ TEC Empreendimentos e Participacoes and its competitors. This is near median its historical median of 8.69. Over the past decade, EZ TEC Empreendimentos e Participacoes' ROE % has ranged from 3.79 to 13.38. According to the industry distribution chart, EZ TEC Empreendimentos e Participacoes ranks #401 out of 1731 companies in the Real Estate industry, placing it in the top 23.2%.
Is EZ TEC Empreendimentos e Participacoes' ROE % too high?
EZ TEC Empreendimentos e Participacoes' current ROE % of 9.41% is near median its 10-year median of 8.69. Over the past 10 years, this metric has ranged from a low of 3.79 to a high of 13.38. The Real Estate industry median ROE % is 4.02. EZ TEC Empreendimentos e Participacoes' value of 9.41% is 134.1% above this industry median. Based on the distribution chart, EZ TEC Empreendimentos e Participacoes ranks #401 out of 1731 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, EZ TEC Empreendimentos e Participacoes has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does EZ TEC Empreendimentos e Participacoes' ROE % compare to competitors?
According to the Real Estate industry distribution chart, EZ TEC Empreendimentos e Participacoes ranks #401 out of 1731 companies for ROE %. This places EZ TEC Empreendimentos e Participacoes in the top 23% of its industry — outperforming the majority of peers. The industry median ROE % is 4.02. EZ TEC Empreendimentos e Participacoes' value of 9.41% is 134.1% above this benchmark. Historically, EZ TEC Empreendimentos e Participacoes' own ROE % has ranged from 3.79 to 13.38 over the past decade. While the company's 10-year median is 8.69 vs. the industry median of 4.02, EZ TEC Empreendimentos e Participacoes 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 Real Estate company?
The median ROE % among Real Estate companies is 4.02, based on 1,731 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. EZ TEC Empreendimentos e Participacoes's current ROE % of 9.41% is 134.1% 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 EZ TEC Empreendimentos e Participacoes and its competitors. For the Real Estate industry, the median ROE % is 4.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EZ TEC Empreendimentos e Participacoes's current ROE % is 9.41%, which is near median its own 10-year median of 8.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EZ TEC Empreendimentos e Participacoes stock overvalued right now?
Based on GuruFocus' analysis, EZ TEC Empreendimentos e Participacoes (BSP:EZTC3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$14.56, compared to a current price of R$13.15 — trading 9.7% below its estimated fair value. The current ROE % is 9.41%, which is near median its 10-year median of 8.69 and 134.1% above the Real Estate industry median of 4.02. EZ TEC Empreendimentos e Participacoes' overall GF Score™ is 89/100 with 6 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 EZ TEC Empreendimentos e Participacoes (BSP:EZTC3), the current ROE % is 9.41% 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 EZ TEC Empreendimentos e Participacoes (BSP:EZTC3) Overvalued in 2026?

Based on GuruFocus' analysis, EZ TEC Empreendimentos e Participacoes stock appears to be undervalued. The current stock price of R$13.15 is trading 9.7% below its estimated GF Value™ of R$14.56. GuruFocus considers EZ TEC Empreendimentos e Participacoes to be Modestly Undervalued.

Key valuation signals for BSP:EZTC3:

  • ROE %: 9.41% (near median its 10-year median of 8.69)
  • GF Value™: R$14.56 vs. price of R$13.15 (9.7% below fair value)
  • GF Score™: 89/100 with 6 warning signs
  • Industry Position: 134.1% above the Real Estate median (#401 of 1731)

No single metric tells the full story. See the BSP:EZTC3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


EZ TEC Empreendimentos e Participacoes Business Description

Address Avenida Republica do Libano, 1921, Sao Paulo, SP, BRA, 04501-002
EZ TEC Empreendimentos e Participacoes SA is a real estate development company that operates out of Brazil. The company and its subsidiaries engage in the development & sale of real estate, the management & lease of its own properties, land allotment, construction of condominiums, and services related to projects. The company defines its operations to include two revenue generating segments: commercial projects and residential projects. A majority of revenue is derived from the residential project segment, while a smaller portion is derived from the commercial projects segment. The company earns majority of its revenue in Brazil.
89GF Score

Get the complete analysis for BSP:EZTC3

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

R$13.15
Price
R$14.56
GF Value