Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) EV-to-EBITDA: 2.56 (As of Jul. 29, 2026) — 43% Below Median

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BSP:MFII11 Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario BSP:MFII11
42 GF Score
Price R$49.37
GF Value R$34.49
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario EV-to-EBITDA?

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario BSP:MFII11 -1.18% 42 EV-to-EBITDA is 2.56 as of Jul. 29, 2026, which is 43% below its 10-year median of 4.51. GuruFocus rates BSP:MFII11 with a GF Score™ of 42/100 and a GF Value™ of R$34.49 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 675 REITs companies, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario ranks better than 97.48% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's enterprise value is R$181.08 Mil. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was R$70.62 Mil. Therefore, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's EV-to-EBITDA for today is 2.56.

The historical rank and industry rank for Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's EV-to-EBITDA or its related term are showing as below:

BSP:MFII11' s EV-to-EBITDA Range Over the Past 10 Years
Min: -46.33   Med: 4.51   Max: 9.21
Current: 2.56

During the past 5 years, the highest EV-to-EBITDA of Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario was 9.21. The lowest was -46.33. And the median was 4.51.

BSP:MFII11's EV-to-EBITDA is ranked better than
97.48% of 675 companies
in the REITs industry
Industry Median: 15.56 vs BSP:MFII11: 2.56

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

As of today (2026-07-29), Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's stock price is R$49.37. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was R$10.379. Therefore, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's PE Ratio (TTM) for today is 4.76.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario  (BSP:MFII11) EV-to-EBITDA Explanation

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=49.37/10.379
=4.76

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's share price for today is R$49.37.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was R$10.379.

* 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.

Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).

Please read Which price ratio outperforms the enterprise multiple?


Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario EV-to-EBITDA Related Terms


Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's EV-to-EBITDA 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.

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario EV-to-EBITDA Chart

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
-46.33 5.15 2.60 9.64 5.21

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Semi-Annual Data
Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA 0.00 5.15 2.60 9.64 5.21

BSP:MFII11 vs VICI, WPC: EV-to-EBITDA Comparison

For the REIT - Diversified subindustry, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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.


Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario EV-to-EBITDA vs REITs Industry

For the REITs industry and Real Estate sector, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's EV-to-EBITDA falls into.


BSP:MFII11
42GF Score
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario BSP:MFII11
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario EV-to-EBITDA Calculation

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=181.084/70.62
=2.56

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's current Enterprise Value is R$181.08 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was R$70.62 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-EBITDA →
What does a EV-to-EBITDA of 2.56 mean?
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) has a EV-to-EBITDA of 2.56 as of Jul. 29, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario. This is 43% below median its historical median of 4.51. According to the industry distribution chart, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario ranks #17 out of 675 companies in the REITs industry, placing it in the top 2.5%.
Is Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's EV-to-EBITDA too high?
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's current EV-to-EBITDA of 2.56 is 43% below median its 10-year median of 4.51. The REITs industry median EV-to-EBITDA is 15.56. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's value of 2.56 is 83.5% below this industry median. Based on the distribution chart, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario ranks #17 out of 675 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's EV-to-EBITDA compare to VICI and WPC?
According to the REITs industry distribution chart, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario ranks #17 out of 675 companies for EV-to-EBITDA. This places Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario in the top 3% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 15.56. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's value of 2.56 is 83.5% below this benchmark. While the company's 10-year median is 4.51 vs. the industry median of 15.56, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario has consistently been below 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 EV-to-EBITDA for a REITs company?
The median EV-to-EBITDA among REITs companies is 15.56, based on 675 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's current EV-to-EBITDA of 2.56 is 83.5% below 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario. For the REITs industry, the median EV-to-EBITDA is 15.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's current EV-to-EBITDA is 2.56, which is 43% below median its own 10-year median of 4.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario stock overvalued right now?
Based on GuruFocus' analysis, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) is currently considered Significantly Overvalued. The stock's GF Value™ is R$34.49, compared to a current price of R$49.37 — trading 43.1% above its estimated fair value. The current EV-to-EBITDA is 2.56, which is 43% below median its 10-year median of 4.51 and 83.5% below the REITs industry median of 15.56. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's overall GF Score™ is 42/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11), the current EV-to-EBITDA is 2.56 as of Jul. 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.

Is Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) Overvalued in 2026?

Based on GuruFocus' analysis, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario stock appears to be overvalued. The current stock price of R$49.37 is trading 43.1% above its estimated GF Value™ of R$34.49. GuruFocus considers Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario to be Significantly Overvalued.

Key valuation signals for BSP:MFII11:

  • EV-to-EBITDA: 2.56 (43% below median its 10-year median of 4.51)
  • GF Value™: R$34.49 vs. price of R$49.37 (43.1% above fair value)
  • GF Score™: 42/100 with 5 warning signs
  • Industry Position: 83.5% below the REITs median (#17 of 675)

No single metric tells the full story. See the BSP:MFII11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Business Description

Industry Real EstateREITs
Address Rua Funchal, 418 - 21 andar, Sao Paulo, SP, BRA, 04548-004
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario is a real estate investment trust. It is engaged in the acquisition of interests in real estate development projects developed in partnership with developers.
42GF Score

Get the complete analysis for BSP:MFII11

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

R$49.37
Price
R$34.49
GF Value