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Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue.
Fundo Investimento Imobiliario SC 401's Degree of Operating Leverage for the quarter that ended in Dec. 2025 was -23.86. The higher Degree of Operating Leverage, the higher operating risk the company will take.
BSP:FISC11's Degree of Operating Leverage is ranked better than 93.5% of 708
companies
in the REITs industry
Industry Median: 1.285
vs BSP:FISC11: -23.86
Degree of Operating Leverage (DOL) is a leverage ratio that measures the sensitivity of a company’s operting income, also referred to as Earnings Before Interest and Taxes (EBIT), to fluctuations in its Revenue. DOL is a method used to quantify a company’s operating risk. This risk is related to the company's structure of variable costs and fixed costs. Since the fixed costs do not allow the company to adjust the operating costs, the operating risk rises with a higher fixed-to-variable costs proportion.
A high Degree of Operating Leverage indicates that the company’s fixed costs exceed its variable costs. By increasing the sales, the company can earn more profits. In addition, the company must be able to maintain relatively high sales to cover all fixed costs.
Be Aware
The use of operating leverage varies across different industries and business sectors, and the application of Degree of Operating Leverage (DOL) should be adjusted accordingly.
Fundo Investimento Imobiliario SC 401 Degree of Operating Leverage Related Terms
Fundo Investimento Imobiliario SC 401 Degree of Operating Leverage Historical Data
* 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.
Fundo Investimento Imobiliario SC 401 Degree of Operating Leverage Chart
BSP:FISC11 vs VICI, WPC: Degree of Operating Leverage Comparison
For the REIT - Diversified subindustry, Fundo Investimento Imobiliario SC 401's Degree of Operating Leverage, along with its competitors' market caps and Degree of Operating Leverage 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 Degree of Operating Leverage vs REITs Industry
For the REITs industry and Real Estate sector, Fundo Investimento Imobiliario SC 401's Degree of Operating Leverage distribution charts can be found below:
* The bar in red indicates where Fundo Investimento Imobiliario SC 401's Degree of Operating Leverage 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.
** TTM data of EBIT and Revenue was used to calculate Degree of Operating Leverage.
*** Please be aware that the Degree of Operating Leverage 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.
What does a Degree of Operating Leverage of -23.86 mean?
Fundo Investimento Imobiliario SC 401 (BSP:FISC11) has a Degree of Operating Leverage of -23.86 as of Dec. 2025. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for Fundo Investimento Imobiliario SC 401 and its competitors. According to the industry distribution chart, Fundo Investimento Imobiliario SC 401 ranks #46 out of 708 companies in the REITs industry, placing it in the top 6.5%.
Is Fundo Investimento Imobiliario SC 401's Degree of Operating Leverage too high?
Fundo Investimento Imobiliario SC 401's current Degree of Operating Leverage is -23.86. Based on the distribution chart, Fundo Investimento Imobiliario SC 401 ranks #46 out of 708 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Fundo Investimento Imobiliario SC 401 has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fundo Investimento Imobiliario SC 401's Degree of Operating Leverage compare to VICI and WPC?
According to the REITs industry distribution chart, Fundo Investimento Imobiliario SC 401 ranks #46 out of 708 companies for Degree of Operating Leverage. This places Fundo Investimento Imobiliario SC 401 in the top 7% of its industry — outperforming the majority of peers. The industry median Degree of Operating Leverage is 1.29. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Degree of Operating Leverage for a REITs company?
The median Degree of Operating Leverage among REITs companies is 1.29, based on 708 companies in the industry. Companies in the top quartile (top 25%) have a Degree of Operating Leverage significantly above this median, while those in the bottom quartile fall well below. However, Degree of Operating Leverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Degree of Operating Leverage mean?
A high Degree of Operating Leverage can signal that a stock is expensive relative to its fundamentals. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for Fundo Investimento Imobiliario SC 401 and its competitors. For the REITs industry, the median Degree of Operating Leverage is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fundo Investimento Imobiliario SC 401's current Degree of Operating Leverage is -23.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fundo Investimento Imobiliario SC 401 stock overvalued right now?
Based on GuruFocus' analysis, Fundo Investimento Imobiliario SC 401 (BSP:FISC11) is currently considered Modestly Undervalued. The stock's GF Value™ is R$97.23, compared to a current price of R$70.59 — trading 27.4% below its estimated fair value. The current Degree of Operating Leverage is -23.86. Fundo Investimento Imobiliario SC 401's overall GF Score™ is 71/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Degree of Operating Leverage calculated?
Degree of Operating Leverage is calculated from a company's financial statements. For Fundo Investimento Imobiliario SC 401 (BSP:FISC11), the current Degree of Operating Leverage is -23.86 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 Fundo Investimento Imobiliario SC 401 (BSP:FISC11) Overvalued in 2026?
Based on GuruFocus' analysis, Fundo Investimento Imobiliario SC 401 stock appears to be undervalued.
The current stock price of R$70.59 is trading 27.4% below its estimated GF Value™ of R$97.23.
GuruFocus considers Fundo Investimento Imobiliario SC 401 to be Modestly Undervalued.
Key valuation signals for BSP:FISC11:
Degree of Operating Leverage: -23.86
GF Value™: R$97.23 vs. price of R$70.59 (27.4% below fair value)
No single metric tells the full story. See the BSP:FISC11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fundo Investimento Imobiliario SC 401 Business Description
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.
71GF Score
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