Patria InvestmentsBSP:P2AX34 68 3-Year ROIIC % is 4.73 as of Dec. 2025, which is 39% below its 10-year median of 7.77. GuruFocus rates BSP:P2AX34 with a GF Score™ of 68/100 and a GF Value™ of R$38.25 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 653 Asset Management companies, Patria Investments ranks better than 55.28% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Patria Investments's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 4.73%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Patria Investments's 3-Year ROIIC % or its related term are showing as below:
BSP:P2AX34's 3-Year ROIIC % is ranked better than 55.28% of 653
companies
in the Asset Management industry
Industry Median: 2.21
vs BSP:P2AX34: 4.73
Patria Investments (BSP:P2AX34) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Patria Investments 3-Year ROIIC % Related Terms
Patria Investments 3-Year ROIIC % Historical Data
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The historical data trend for Patria Investments's 3-Year ROIIC % 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.
BSP:P2AX34 vs GAB, ETG, USA: 3-Year ROIIC % Comparison
For the Asset Management subindustry, Patria Investments's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Patria Investments's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Patria Investments's 3-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Patria Investments (BSP:P2AX34) has a 3-Year ROIIC % of 4.73 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Patria Investments and its competitors. This is 39% below median its historical median of 7.77. Over the past decade, Patria Investments' 3-Year ROIIC % has ranged from 1.68 to 22.60. According to the industry distribution chart, Patria Investments ranks #292 out of 653 companies in the Asset Management industry, placing it in the top 44.7%.
Is Patria Investments' 3-Year ROIIC % too high?
Patria Investments' current 3-Year ROIIC % of 4.73 is 39% below median its 10-year median of 7.77. Over the past 10 years, this metric has ranged from a low of 1.68 to a high of 22.60. The Asset Management industry median 3-Year ROIIC % is 2.21. Patria Investments' value of 4.73 is 114% above this industry median. Based on the distribution chart, Patria Investments ranks #292 out of 653 companies in the Asset Management industry, which is above the industry midpoint. 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' 3-Year ROIIC % compare to GAB and ETG?
According to the Asset Management industry distribution chart, Patria Investments ranks #292 out of 653 companies for 3-Year ROIIC %. This puts Patria Investments in the upper half of its industry. The industry median 3-Year ROIIC % is 2.21. Patria Investments' value of 4.73 is 114% above this benchmark. Historically, Patria Investments' own 3-Year ROIIC % has ranged from 1.68 to 22.60 over the past decade. While the company's 10-year median is 7.77 vs. the industry median of 2.21, 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 3-Year ROIIC % for an Asset Management company?
The median 3-Year ROIIC % among Asset Management companies is 2.21, based on 653 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Patria Investments's current 3-Year ROIIC % of 4.73 is 114% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Patria Investments and its competitors. For the Asset Management industry, the median 3-Year ROIIC % is 2.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Patria Investments's current 3-Year ROIIC % is 4.73, which is 39% below median its own 10-year median of 7.77. 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$38.25, compared to a current price of R$28.62 — trading 25.2% below its estimated fair value. The current 3-Year ROIIC % is 4.73, which is 39% below median its 10-year median of 7.77 and 114% above the Asset Management industry median of 2.21. 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 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Patria Investments (BSP:P2AX34), the current 3-Year ROIIC % is 4.73 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$28.62 is trading 25.2% below its estimated GF Value™ of R$38.25.
GuruFocus considers Patria Investments to be Modestly Undervalued.
Key valuation signals for BSP:P2AX34:
3-Year ROIIC %: 4.73 (39% below median its 10-year median of 7.77)
GF Value™: R$38.25 vs. price of R$28.62 (25.2% below fair value)
Industry Position: 114% above the Asset Management median (#292 of 653)
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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