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Piotroski F-Score is 7, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp (BSP:LMAI11) 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.
Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp Piotroski F-Score Related Terms
Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp 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.
Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp Piotroski F-Score Chart
Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp 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.
Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp 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.
Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's current Net Income (TTM) was 24.79.
==> 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.
Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's current Cash Flow from Operations (TTM) was 13.59.
==> 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.
Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's return on assets of this year was 0.09731818. Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's return on assets of last year was 0.04398748.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's current ratio of this year was 2.87881746. Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's current ratio of last year was 2.97412117.
==> 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.
Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's number of shares in issue this year was 2.444. Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's number of shares in issue last year was 2.444.
==> 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.
Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's gross margin of this year was 0.86853841. Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's gross margin of last year was 0.78434947.
==> This year's gross margin is higher. ==> Score 1.
Question 9. Change in asset turnover
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
Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's asset turnover of this year was 0.07745572. Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's asset turnover of last year was 0.05983638.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp (BSP:LMAI11) has a Piotroski F-Score of 7 as of Jul. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp and its competitors. This is near median its historical median of 7.00. Over the past decade, Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's Piotroski F-Score has ranged from 5.00 to 7.00. According to the industry distribution chart, Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp ranks #69 out of 881 companies in the REITs industry, placing it in the top 7.8%.
Is Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's Piotroski F-Score too high?
Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 7.00. The REITs industry median Piotroski F-Score is 6.00. Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's value of 7 is 16.7% above this industry median. Based on the distribution chart, Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp ranks #69 out of 881 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's Piotroski F-Score compare to VICI and WPC?
According to the REITs industry distribution chart, Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp ranks #69 out of 881 companies for Piotroski F-Score. This places Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's value of 7 is 16.7% above this benchmark. Historically, Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's own Piotroski F-Score has ranged from 5.00 to 7.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 6.00, Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp has consistently been above 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 881 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. Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's current Piotroski F-Score of 7 is 16.7% above 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 Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp 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. Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp stock overvalued right now?
Based on GuruFocus' analysis, Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp (BSP:LMAI11) is currently considered Significantly Undervalued. The stock's GF Value™ is R$86.21, compared to a current price of R$36.93 — trading 57.2% below its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 16.7% above the REITs industry median of 6.00. Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's overall GF Score™ is 70/100. 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 Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp (BSP:LMAI11), the current Piotroski F-Score is 7 as of Jul. 16, 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 Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp (BSP:LMAI11) Overvalued in 2026?
Based on GuruFocus' analysis, Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp stock appears to be undervalued.
The current stock price of R$36.93 is trading 57.2% below its estimated GF Value™ of R$86.21.
GuruFocus considers Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp to be Significantly Undervalued.
Key valuation signals for BSP:LMAI11:
Piotroski F-Score: 7 (near median its 10-year median of 7.00)
GF Value™: R$86.21 vs. price of R$36.93 (57.2% below fair value)
Industry Position: 16.7% above the REITs median (#69 of 881)
No single metric tells the full story. See the BSP:LMAI11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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