Track & Field Co (BSP:TFCO4) ROE %: 23.39% (As of Mar. 2026) — 24% Below Median


BSP:TFCO4 Track & Field Co SA BSP:TFCO4
97 GF Score
Price R$15.41
GF Value R$18.95
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Track & Field Co ROE %?

Track & Field Co BSP:TFCO4 +1.72% 97 ROE % is 23.39% as of Mar. 2026, which is 24% below its 10-year median of 30.84. GuruFocus rates BSP:TFCO4 with a GF Score™ of 97/100 and a GF Value™ of R$18.95 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,092 Retail - Cyclical companies, Track & Field Co ranks better than 86.81% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Track & Field Co's annualized net income for the quarter that ended in Mar. 2026 was R$138 Mil. Track & Field Co's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was R$588 Mil. Therefore, Track & Field Co's annualized ROE % for the quarter that ended in Mar. 2026 was 23.39%.

The historical rank and industry rank for Track & Field Co's ROE % or its related term are showing as below:

BSP:TFCO4' s ROE % Range Over the Past 10 Years
Min: 21.74   Med: 30.84   Max: 41.38
Current: 26.86

During the past 9 years, Track & Field Co's highest ROE % was 41.38%. The lowest was 21.74%. And the median was 30.84%.

BSP:TFCO4's ROE % is ranked better than
86.81% of 1092 companies
in the Retail - Cyclical industry
Industry Median: 6.49 vs BSP:TFCO4: 26.86

Track & Field Co  (BSP:TFCO4) 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
=137.604/588.427
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(137.604 / 1004.632)*(1004.632 / 1003.133)*(1003.133 / 588.427)
=Net Margin %*Asset Turnover*Equity Multiplier
=13.7 %*1.0015*1.7048
=ROA %*Equity Multiplier
=13.72 %*1.7048
=23.39 %

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
=137.604/588.427
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (137.604 / 173.608) * (173.608 / 216.124) * (216.124 / 1004.632) * (1004.632 / 1003.133) * (1003.133 / 588.427)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7926 * 0.8033 * 21.51 % * 1.0015 * 1.7048
=23.39 %

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.


Track & Field Co ROE % Related Terms


Track & Field Co ROE % Historical Data

* Premium members only.

The historical data trend for Track & Field Co'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.

Track & Field Co ROE % Chart

Track & Field Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only 32.87 32.36 30.84 26.57 30.10

Track & Field Co 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 29.09 27.33 23.16 32.74 23.39

BSP:TFCO4 vs TJX, ROST, BURL: ROE % Comparison

For the Apparel Retail subindustry, Track & Field Co'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.


Track & Field Co ROE % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Track & Field Co's ROE % distribution charts can be found below:

* The bar in red indicates where Track & Field Co's ROE % falls into.


BSP:TFCO4
97GF Score
Track & Field Co SA BSP:TFCO4
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Track & Field Co ROE % Calculation

Track & Field Co'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 )
=142.318/( (472.809+0)/ 1 )
=142.318/472.809
=30.10 %

Track & Field Co'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 )
=137.604/( (0+588.427)/ 1 )
=137.604/588.427
=23.39 %

* 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 23.39% mean?
Track & Field Co (BSP:TFCO4) has a ROE % of 23.39% 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 Track & Field Co and its competitors. This is 24% below median its historical median of 30.84. Over the past decade, Track & Field Co's ROE % has ranged from 21.74 to 41.38. According to the industry distribution chart, Track & Field Co ranks #144 out of 1092 companies in the Retail - Cyclical industry, placing it in the top 13.2%.
Is Track & Field Co's ROE % too high?
Track & Field Co's current ROE % of 23.39% is 24% below median its 10-year median of 30.84. Over the past 10 years, this metric has ranged from a low of 21.74 to a high of 41.38. The Retail - Cyclical industry median ROE % is 6.49. Track & Field Co's value of 23.39% is 260.4% above this industry median. Based on the distribution chart, Track & Field Co ranks #144 out of 1092 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Track & Field Co has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Track & Field Co's ROE % compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Track & Field Co ranks #144 out of 1092 companies for ROE %. This places Track & Field Co in the top 13% of its industry — outperforming the majority of peers. The industry median ROE % is 6.49. Track & Field Co's value of 23.39% is 260.4% above this benchmark. Historically, Track & Field Co's own ROE % has ranged from 21.74 to 41.38 over the past decade. While the company's 10-year median is 30.84 vs. the industry median of 6.49, Track & Field Co 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 Retail - Cyclical company?
The median ROE % among Retail - Cyclical companies is 6.49, based on 1,092 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. Track & Field Co's current ROE % of 23.39% is 260.4% 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 Track & Field Co and its competitors. For the Retail - Cyclical industry, the median ROE % is 6.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Track & Field Co's current ROE % is 23.39%, which is 24% below median its own 10-year median of 30.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Track & Field Co stock overvalued right now?
Based on GuruFocus' analysis, Track & Field Co (BSP:TFCO4) is currently considered Modestly Undervalued. The stock's GF Value™ is R$18.95, compared to a current price of R$15.41 — trading 18.7% below its estimated fair value. The current ROE % is 23.39%, which is 24% below median its 10-year median of 30.84 and 260.4% above the Retail - Cyclical industry median of 6.49. Track & Field Co's overall GF Score™ is 97/100 with 2 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 Track & Field Co (BSP:TFCO4), the current ROE % is 23.39% 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 Track & Field Co (BSP:TFCO4) Overvalued in 2026?

Based on GuruFocus' analysis, Track & Field Co stock appears to be undervalued. The current stock price of R$15.41 is trading 18.7% below its estimated GF Value™ of R$18.95. GuruFocus considers Track & Field Co to be Modestly Undervalued.

Key valuation signals for BSP:TFCO4:

  • ROE %: 23.39% (24% below median its 10-year median of 30.84)
  • GF Value™: R$18.95 vs. price of R$15.41 (18.7% below fair value)
  • GF Score™: 97/100 with 2 warning signs
  • Industry Position: 260.4% above the Retail - Cyclical median (#144 of 1092)

No single metric tells the full story. See the BSP:TFCO4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Track & Field Co Business Description

Address No. 387, 8th and 9th Floor, Rua Dr. Eduardo Souza Aranha, Edificio Juscelino Plaza, Itaim Bibi, Sao Paulo, SP, BRA, 04543-121
Track & Field Co SA is a sports apparel retailer. The company is engaged in the development and sale of sports and general leisure products (footwear, apparel, equipment, and accessories) originating from the domestic and foreign markets, and holding interests in other entities, conducting business franchise management, franchising, and promoting and organizing sporting events, and operating in the food industry. It operates in single segment, i.e., the retail industry, which comprises the development and sale of clothing, accessories and sporting experiences aimed at reinforcing the brand positioning and boosting the flow of customers to the stores.
97GF Score

Get the complete analysis for BSP:TFCO4

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

R$15.41
Price
R$18.95
GF Value