Patria InvestmentsBSP:P2AX34 68 ROE % is 23.27% as of Dec. 2025, which is 24% below its 10-year median of 30.52. GuruFocus rates BSP:P2AX34 with a GF Score™ of 68/100 and a GF Value™ of R$40.48 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,612 Asset Management companies, Patria Investments ranks better than 75.99% on this metric.
The historical rank and industry rank for Patria Investments's ROE % or its related term are showing as below:
BSP:P2AX34'
s ROE % Range Over the Past 10 Years
Min: 14.04 Med: 30.52 Max: 89.85
Current: 15.3
During the past 8 years, Patria Investments's highest ROE % was 89.85%. The lowest was 14.04%. And the median was 30.52%.
BSP:P2AX34's ROE % is ranked better than 75.99% of 1612
companies
in the Asset Management industry
Industry Median: 6.395
vs BSP:P2AX34: 15.30
Patria Investments (BSP:P2AX34) 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 (Dec. 2025) net income data. The Revenue data used here is four times the quarterly (Dec. 2025) 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.
Patria Investments ROE % Related Terms
Patria Investments ROE % Historical Data
* Premium members only.
The historical data trend for Patria Investments'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 Asset Management subindustry, Patria Investments'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.
Patria Investments ROE % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Patria Investments's ROE % distribution charts can be found below:
* The bar in red indicates where Patria Investments'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 (Dec. 2025) net income data.
ROE % is displayed in the 30-year financial page.
Patria Investments (BSP:P2AX34) has a ROE % of 23.27% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Patria Investments and its competitors. This is 24% below median its historical median of 30.52. Over the past decade, Patria Investments' ROE % has ranged from 14.04 to 89.85. According to the industry distribution chart, Patria Investments ranks #387 out of 1612 companies in the Asset Management industry, placing it in the top 24%.
Is Patria Investments' ROE % too high?
Patria Investments' current ROE % of 23.27% is 24% below median its 10-year median of 30.52. Over the past 10 years, this metric has ranged from a low of 14.04 to a high of 89.85. The Asset Management industry median ROE % is 6.40. Patria Investments' value of 23.27% is 263.9% above this industry median. Based on the distribution chart, Patria Investments ranks #387 out of 1612 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Patria Investments has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Patria Investments' ROE % compare to PDO and NAC?
According to the Asset Management industry distribution chart, Patria Investments ranks #387 out of 1612 companies for ROE %. This places Patria Investments in the top 24% of its industry — outperforming the majority of peers. The industry median ROE % is 6.40. Patria Investments' value of 23.27% is 263.9% above this benchmark. Historically, Patria Investments' own ROE % has ranged from 14.04 to 89.85 over the past decade. While the company's 10-year median is 30.52 vs. the industry median of 6.40, Patria Investments 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 Asset Management company?
The median ROE % among Asset Management companies is 6.40, based on 1,612 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. Patria Investments's current ROE % of 23.27% is 263.9% 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 Patria Investments and its competitors. For the Asset Management industry, the median ROE % is 6.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Patria Investments's current ROE % is 23.27%, which is 24% below median its own 10-year median of 30.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Patria Investments stock overvalued right now?
Based on GuruFocus' analysis, Patria Investments (BSP:P2AX34) is currently considered Modestly Undervalued. The stock's GF Value™ is R$40.48, compared to a current price of R$29.88 — trading 26.2% below its estimated fair value. The current ROE % is 23.27%, which is 24% below median its 10-year median of 30.52 and 263.9% above the Asset Management industry median of 6.40. Patria Investments' overall GF Score™ is 68/100 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 Patria Investments (BSP:P2AX34), the current ROE % is 23.27% as of Dec. 2025. 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 Patria Investments (BSP:P2AX34) Overvalued in 2026?
Based on GuruFocus' analysis, Patria Investments stock appears to be undervalued.
The current stock price of R$29.88 is trading 26.2% below its estimated GF Value™ of R$40.48.
GuruFocus considers Patria Investments to be Modestly Undervalued.
Key valuation signals for BSP:P2AX34:
ROE %: 23.27% (24% below median its 10-year median of 30.52)
GF Value™: R$40.48 vs. price of R$29.88 (26.2% below fair value)
Industry Position: 263.9% above the Asset Management median (#387 of 1612)
No single metric tells the full story. See the BSP:P2AX34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Patria Investments Ltd is an alternative asset management firm specializing in resilient sectors across select regions. It seeks to provide world-wide and Latin American investors with attractive investment products that allows portfolio diversification and consistent returns. The group promotes inclusive and sustainable development in the Asset Classes: Private Equity, Private Equity Solutions, Credit, Real Estate, Infrastructure, and Public Equities Main sectors: Agribusiness, Power & Energy, Healthcare, Logistics & Transportations, Food & Beverage and Digital & Tech Services Investment Regions.
68GF Score
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