Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Fundo De Investimento Imobiliario Vbi Rendimentos Imobiliarios I Fii has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Fundo De Investimento Imobiliario Vbi Rendimentos Imobiliarios I Fii (BSP:BARI11) Piotroski F-Score Explanation
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Fundo De Investimento Imobiliario Vbi Rendimentos Imobiliarios I Fii Piotroski F-Score Related Terms
Fundo De Investimento Imobiliario Vbi Rendimentos Imobiliarios I Fii Piotroski F-Score 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 De Investimento Imobiliario Vbi Rendimentos Imobiliarios I Fii Piotroski F-Score Chart
Fundo De Investimento Imobiliario Vbi Rendimentos Imobiliarios I Fii Annual Data
* 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 Vbi Rendimentos Imobiliarios I Fii Piotroski F-Score vs REITs Industry
* 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.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Fundo De Investimento Imobiliario Vbi Rendimentos Imobiliarios I Fii's current Net Income (TTM) was 14.24.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Fundo De Investimento Imobiliario Vbi Rendimentos Imobiliarios I Fii's current Cash Flow from Operations (TTM) was 55.62.
==> Positive ==> Score 1.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.
Fundo De Investimento Imobiliario Vbi Rendimentos Imobiliarios I Fii's current ratio of this year was 94.47024346. Fundo De Investimento Imobiliario Vbi Rendimentos Imobiliarios I Fii's current ratio of last year was 139.18133912.
==> Last year's current ratio is higher ==> Score 0.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
Fundo De Investimento Imobiliario Vbi Rendimentos Imobiliarios I Fii's number of shares in issue this year was 4.634. Fundo De Investimento Imobiliario Vbi Rendimentos Imobiliarios I Fii's number of shares in issue last year was 4.634.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
Fundo De Investimento Imobiliario Vbi Rendimentos Imobiliarios I Fii's asset turnover of this year was 0.03782859. Fundo De Investimento Imobiliario Vbi Rendimentos Imobiliarios I Fii's asset turnover of last year was 0.1148643.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Que. 1
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Que. 2
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Que. 3
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Que. 4
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Que. 5
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1
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1
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1
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Fundo De Investimento Imobiliario Vbi Rendimentos Imobiliarios I Fii has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Fundo De Investimento Imobiliario Vbi Rendimentos Imobiliarios I Fii (BSP:BARI11) has a Piotroski F-Score of 5 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Fundo De Investimento Imobiliario Vbi Rendimentos Imobiliarios I Fii and its competitors. This is near median its historical median of 5.00. Over the past decade, Fundo De Investimento Imobiliario Vbi Rendimentos Imobiliarios I Fii's Piotroski F-Score has ranged from 3.00 to 9.00.
Is Fundo De Investimento Imobiliario Vbi Rendimentos Imobiliarios I Fii's Piotroski F-Score too high?
Fundo De Investimento Imobiliario Vbi Rendimentos Imobiliarios I Fii's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The REITs industry median Piotroski F-Score is 6.00. Fundo De Investimento Imobiliario Vbi Rendimentos Imobiliarios I Fii's value of 5 is 16.7% below this industry median.
How does Fundo De Investimento Imobiliario Vbi Rendimentos Imobiliarios I Fii's Piotroski F-Score compare to VICI and WPC?
Fundo De Investimento Imobiliario Vbi Rendimentos Imobiliarios I Fii's Piotroski F-Score of 5 can be compared against companies in the REITs industry. The industry median Piotroski F-Score is 6.00. Fundo De Investimento Imobiliario Vbi Rendimentos Imobiliarios I Fii's value of 5 is 16.7% below this benchmark. Historically, Fundo De Investimento Imobiliario Vbi Rendimentos Imobiliarios I Fii's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Fundo De Investimento Imobiliario Vbi Rendimentos Imobiliarios I Fii 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 Piotroski F-Score for a REITs company?
The median Piotroski F-Score among REITs companies is 6.00, based on 890 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fundo De Investimento Imobiliario Vbi Rendimentos Imobiliarios I Fii's current Piotroski F-Score of 5 is 16.7% 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Fundo De Investimento Imobiliario Vbi Rendimentos Imobiliarios I Fii and its competitors. For the REITs industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fundo De Investimento Imobiliario Vbi Rendimentos Imobiliarios I Fii's current Piotroski F-Score is 5, which is near median its own 10-year median of 5.00. 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 Vbi Rendimentos Imobiliarios I Fii stock overvalued right now?
Fundo De Investimento Imobiliario Vbi Rendimentos Imobiliarios I Fii (BSP:BARI11) has a current Piotroski F-Score of 5. The stock's GF Value™ is R$22.52, compared to a current price of R$79.20 — trading 251.7% above its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 16.7% below the REITs industry median of 6.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Fundo De Investimento Imobiliario Vbi Rendimentos Imobiliarios I Fii (BSP:BARI11), the current Piotroski F-Score is 5 as of Jun. 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 Vbi Rendimentos Imobiliarios I Fii Business Description
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