Fundo Investimento Imobiliario SC 401 (BSP:FISC11) Cyclically Adjusted PB Ratio : 0.08 (As of Jun. 18, 2025)

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What is Fundo Investimento Imobiliario SC 401 Cyclically Adjusted PB Ratio?

As of today (2025-06-18), Fundo Investimento Imobiliario SC 401's current share price is R$67.00. Fundo Investimento Imobiliario SC 401's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec24 was R$822.95. Fundo Investimento Imobiliario SC 401's Cyclically Adjusted PB Ratio for today is 0.08.

The historical rank and industry rank for Fundo Investimento Imobiliario SC 401's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSP:FISC11' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.07 Med: 0.09 Max: 0.21
Current: 0.08

During the past 12 years, Fundo Investimento Imobiliario SC 401's highest Cyclically Adjusted PB Ratio was 0.21. The lowest was 0.07. And the median was 0.09.

BSP:FISC11's Cyclically Adjusted PB Ratio is ranked better than
97.9% of 524 companies
in the REITs industry
Industry Median: 0.81 vs BSP:FISC11: 0.08

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Fundo Investimento Imobiliario SC 401's adjusted book value per share data of for the fiscal year that ended in Dec24 was R$114.224. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is R$822.95 for the trailing ten years ended in Dec24.

Shiller PE for Stocks: The True Measure of Stock Valuation

Fundo Investimento Imobiliario SC 401 Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Fundo Investimento Imobiliario SC 401's Cyclically Adjusted PB Ratio 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.

* Premium members only.

Fundo Investimento Imobiliario SC 401 Cyclically Adjusted PB Ratio Chart

Fundo Investimento Imobiliario SC 401 Annual Data

Trend

Dec14

Dec15

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cyclically Adjusted PB Ratio

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0.21

0.08

0.09

Fundo Investimento Imobiliario SC 401 Semi-Annual Data
	Dec12	Dec13	Dec14	Dec15	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23	Dec24
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial							-	-	0.21	0.08	0.09

Competitive Comparison of Fundo Investimento Imobiliario SC 401's Cyclically Adjusted PB Ratio

For the REIT - Diversified subindustry, Fundo Investimento Imobiliario SC 401's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio 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.

Fundo Investimento Imobiliario SC 401's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Fundo Investimento Imobiliario SC 401's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Fundo Investimento Imobiliario SC 401's Cyclically Adjusted PB Ratio falls into.

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Fundo Investimento Imobiliario SC 401 Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Fundo Investimento Imobiliario SC 401's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	67.00	/	822.95
	=	0.08

Fundo Investimento Imobiliario SC 401's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec24 is calculated as:

For example, Fundo Investimento Imobiliario SC 401's adjusted Book Value per Share data for the fiscal year that ended in Dec24 was:

Adj_Book	=	Book Value per Share	/	CPI of Dec24 (Change)	*	Current CPI (Dec24)
	=	114.224	/	164.7402	*	164.7402
	=	114.224

Current CPI (Dec24) = 164.7402.

Fundo Investimento Imobiliario SC 401 Annual Data

	Book Value per Share	CPI	Adj_Book
201412	367.580	94.194	642.880
201512	457.880	104.247	723.582
201712	1,251.250	114.068	1,807.093
201812	1,572.711	118.340	2,189.353
201912	1,623.116	123.436	2,166.238
202012	156.796	129.012	200.218
202112	115.185	141.992	133.638
202212	115.064	150.207	126.197
202312	120.221	157.148	126.029
202412	114.224	164.740	114.224

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Fundo Investimento Imobiliario SC 401 (BSP:FISC11) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.

Fundo Investimento Imobiliario SC 401 Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Fundo Investimento Imobiliario SC 401's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Fundo Investimento Imobiliario SC 401 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Fundo Investimento Imobiliario SC 401 (BSP:FISC11) » Definitions » Cyclically Adjusted PB Ratio

Comparable Companies

Traded in Other Exchanges

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Address

Dr. Jose Montaury Street, 139 - 7th Floor, Porto Alegre, RS, BRA, CEP 90010-090

Website

https://www.geralinvestimentos.com.br

Fundo Investimento Imobiliario SC 401 is a structured fund operated by UNITS BR-CAPITAL. The fund owns stores and office complexes for the lease of Square SC, a multipurpose development located in Florianopolis/SC, and Mall W Tower, a mall located in Caxias do Sul/RS. The fund owns stores and corporate offices in Square SC, in addition to owning the rotating parking lot and owns stores in the Mall W Tower and the rotating parking in the Mall.

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