Fundo De Investimento Imobiliario Spx Syn Multiestrategia (BSP:SPXS11) EV-to-EBIT: -1.38 (As of Aug. 29, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:SPXS11 Fundo De Investimento Imobiliario Spx Syn Multiestrategia BSP:SPXS11
30 GF Score
Price R$7.50
! 2 Warning Signs
View Full Analysis

What is Fundo De Investimento Imobiliario Spx Syn Multiestrategia EV-to-EBIT?

Fundo De Investimento Imobiliario Spx Syn Multiestrategia BSP:SPXS11 +0.27% 30 EV-to-EBIT is -1.38 as of Aug. 29, 2026. GuruFocus rates BSP:SPXS11 with a GF Score™ of 30/100. The stock has 2 warning signs investors should review. Among 651 REITs companies, Fundo De Investimento Imobiliario Spx Syn Multiestrategia ranks better than 99.39% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Fundo De Investimento Imobiliario Spx Syn Multiestrategia's Enterprise Value is R$-40.89 Mil. Fundo De Investimento Imobiliario Spx Syn Multiestrategia's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was R$29.71 Mil. Therefore, Fundo De Investimento Imobiliario Spx Syn Multiestrategia's EV-to-EBIT for today is -1.38.

The historical rank and industry rank for Fundo De Investimento Imobiliario Spx Syn Multiestrategia's EV-to-EBIT or its related term are showing as below:

BSP:SPXS11' s EV-to-EBIT Range Over the Past 10 Years
Min: -2.61   Med: -0.82   Max: 0.04
Current: -1.38

During the past 4 years, the highest EV-to-EBIT of Fundo De Investimento Imobiliario Spx Syn Multiestrategia was 0.04. The lowest was -2.61. And the median was -0.82.

BSP:SPXS11's EV-to-EBIT is ranked better than
99.39% of 651 companies
in the REITs industry
Industry Median: 18.18 vs BSP:SPXS11: -1.38

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Fundo De Investimento Imobiliario Spx Syn Multiestrategia's Enterprise Value for the quarter that ended in Dec. 2025 was R$-6.17 Mil. Fundo De Investimento Imobiliario Spx Syn Multiestrategia's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was R$29.71 Mil. Fundo De Investimento Imobiliario Spx Syn Multiestrategia's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -481.60%.


Fundo De Investimento Imobiliario Spx Syn Multiestrategia  (BSP:SPXS11) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Fundo De Investimento Imobiliario Spx Syn Multiestrategia's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Dec. 2025 ) =EBIT / Enterprise Value (Q: Dec. 2025 )
=29.712/-6.16942
=-481.60 %

Fundo De Investimento Imobiliario Spx Syn Multiestrategia's Enterprise Value for the quarter that ended in Dec. 2025 was R$-6.17 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Fundo De Investimento Imobiliario Spx Syn Multiestrategia's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was R$29.71 Mil.

* 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 De Investimento Imobiliario Spx Syn Multiestrategia EV-to-EBIT Related Terms


Fundo De Investimento Imobiliario Spx Syn Multiestrategia EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Fundo De Investimento Imobiliario Spx Syn Multiestrategia's EV-to-EBIT 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.

Fundo De Investimento Imobiliario Spx Syn Multiestrategia EV-to-EBIT Chart

Fundo De Investimento Imobiliario Spx Syn Multiestrategia Annual Data
Trend Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
0.00 -0.30 -1.02 -0.21

Fundo De Investimento Imobiliario Spx Syn Multiestrategia Semi-Annual Data
Dec22 Dec23 Dec24 Dec25
EV-to-EBIT 0.00 -0.30 -1.02 -0.21

BSP:SPXS11 vs VICI, WPC: EV-to-EBIT Comparison

For the REIT - Diversified subindustry, Fundo De Investimento Imobiliario Spx Syn Multiestrategia's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 De Investimento Imobiliario Spx Syn Multiestrategia EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, Fundo De Investimento Imobiliario Spx Syn Multiestrategia's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Fundo De Investimento Imobiliario Spx Syn Multiestrategia's EV-to-EBIT falls into.


BSP:SPXS11
30GF Score
Fundo De Investimento Imobiliario Spx Syn Multiestrategia BSP:SPXS11
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fundo De Investimento Imobiliario Spx Syn Multiestrategia EV-to-EBIT Calculation

Fundo De Investimento Imobiliario Spx Syn Multiestrategia's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=-40.894/29.712
=-1.38

Fundo De Investimento Imobiliario Spx Syn Multiestrategia's current Enterprise Value is R$-40.89 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Fundo De Investimento Imobiliario Spx Syn Multiestrategia's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was R$29.71 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-EBIT →
What does a EV-to-EBIT of -1.38 mean?
Fundo De Investimento Imobiliario Spx Syn Multiestrategia (BSP:SPXS11) has a EV-to-EBIT of -1.38 as of Aug. 29, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Fundo De Investimento Imobiliario Spx Syn Multiestrategia and its competitors. According to the industry distribution chart, Fundo De Investimento Imobiliario Spx Syn Multiestrategia ranks #4 out of 651 companies in the REITs industry, placing it in the top 0.59999999999999%.
Is Fundo De Investimento Imobiliario Spx Syn Multiestrategia's EV-to-EBIT too high?
Fundo De Investimento Imobiliario Spx Syn Multiestrategia's current EV-to-EBIT is -1.38. Based on the distribution chart, Fundo De Investimento Imobiliario Spx Syn Multiestrategia ranks #4 out of 651 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Fundo De Investimento Imobiliario Spx Syn Multiestrategia has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Fundo De Investimento Imobiliario Spx Syn Multiestrategia's EV-to-EBIT compare to VICI and WPC?
According to the REITs industry distribution chart, Fundo De Investimento Imobiliario Spx Syn Multiestrategia ranks #4 out of 651 companies for EV-to-EBIT. This places Fundo De Investimento Imobiliario Spx Syn Multiestrategia in the top 1% of its industry — outperforming the majority of peers. The industry median EV-to-EBIT is 18.18. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBIT for a REITs company?
The median EV-to-EBIT among REITs companies is 18.18, based on 651 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Fundo De Investimento Imobiliario Spx Syn Multiestrategia and its competitors. For the REITs industry, the median EV-to-EBIT is 18.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fundo De Investimento Imobiliario Spx Syn Multiestrategia's current EV-to-EBIT is -1.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fundo De Investimento Imobiliario Spx Syn Multiestrategia stock overvalued right now?
Fundo De Investimento Imobiliario Spx Syn Multiestrategia (BSP:SPXS11) has a current EV-to-EBIT of -1.38. The current EV-to-EBIT is -1.38. Fundo De Investimento Imobiliario Spx Syn Multiestrategia's overall GF Score™ is 30/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Fundo De Investimento Imobiliario Spx Syn Multiestrategia (BSP:SPXS11), the current EV-to-EBIT is -1.38 as of Aug. 29, 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.

Fundo De Investimento Imobiliario Spx Syn Multiestrategia Business Description

Industry Real EstateREITs
Address PRAIA DE BOTAFOGO, 501 - 6th Floor, Botafogo, Rio de Janeiro, RJ, BRA, 22250040
Fundo De Investimento Imobiliario SPX Syn Multiestrategia is a closed-end real estate investment fund. The fund's goal is to generate income and/or capital gains, as well as to provide shareholders with appreciation of their shares through investment and, when applicable, divestment, in various asset classes.
30GF Score

Get the complete analysis for BSP:SPXS11

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

R$7.50
Price