Fundo De Investimento Imobiliario Rooftop I (BSP:ROOF11) Beneish M-Score: 0.00 (As of Jul. 27, 2026)

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Fundo De Investimento Imobiliario Rooftop I BSP:ROOF11

What is Fundo De Investimento Imobiliario Rooftop I Beneish M-Score?

Fundo De Investimento Imobiliario Rooftop I BSP:ROOF11 7 Beneish M-Score is 0.00 as of Jul. 27, 2026. GuruFocus rates BSP:ROOF11 with a GF Score™ of 7/100 and a GF Value™ of R$185.62. The stock has 1 warning sign investors should review. Among 750 REITs companies, Fundo De Investimento Imobiliario Rooftop I ranks worse than 133333.2% on this metric.

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

The historical rank and industry rank for Fundo De Investimento Imobiliario Rooftop I's Beneish M-Score or its related term are showing as below:

During the past 6 years, the highest Beneish M-Score of Fundo De Investimento Imobiliario Rooftop I was -2.81. The lowest was -10.97. And the median was -4.20.

Fundo De Investimento Imobiliario Rooftop I Beneish M-Score Related Terms

Fundo De Investimento Imobiliario Rooftop I Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Fundo De Investimento Imobiliario Rooftop I's Beneish M-Score 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 Rooftop I Beneish M-Score Chart

Fundo De Investimento Imobiliario Rooftop I Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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0.00

-10.97

-2.81

-4.20

0.00

Fundo De Investimento Imobiliario Rooftop I Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23	Dec24	Dec25
Beneish M-Score	Get a 7-Day Free Trial			0.00	-10.97	-2.81	-4.20	0.00

BSP:ROOF11 vs AVB, EQR, ESS: Beneish M-Score Comparison

For the REIT - Residential subindustry, Fundo De Investimento Imobiliario Rooftop I's Beneish M-Score, along with its competitors' market caps and Beneish M-Score 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 Rooftop I Beneish M-Score vs REITs Industry

For the REITs industry and Real Estate sector, Fundo De Investimento Imobiliario Rooftop I's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Fundo De Investimento Imobiliario Rooftop I's Beneish M-Score falls into.

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Fundo De Investimento Imobiliario Rooftop I BSP:ROOF11

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Fundo De Investimento Imobiliario Rooftop I Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of Fundo De Investimento Imobiliario Rooftop I for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 *

0.528 *

0.404 *

0.892 *

0.115 *

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 *

4.679 *

0.327 *

This Year (Dec25) TTM:

Last Year (Dec24) TTM:

Total Receivables was R$1.36 Mil.
Revenue was R$2.67 Mil.
Gross Profit was R$0.85 Mil.
Total Current Assets was R$27.10 Mil.
Total Assets was R$27.10 Mil.
Property, Plant and Equipment(Net PPE) was R$0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was R$0.00 Mil.
Selling, General, & Admin. Expense(SGA) was R$1.19 Mil.
Total Current Liabilities was R$0.51 Mil.
Long-Term Debt & Capital Lease Obligation was R$0.00 Mil.
Net Income was R$-0.86 Mil.
Gross Profit was R$0.00 Mil.
Cash Flow from Operations was R$11.30 Mil.

Total Receivables was R$2.01 Mil.
Revenue was R$5.00 Mil.
Gross Profit was R$2.93 Mil.
Total Current Assets was R$41.66 Mil.
Total Assets was R$41.66 Mil.
Property, Plant and Equipment(Net PPE) was R$0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was R$0.00 Mil.
Selling, General, & Admin. Expense(SGA) was R$0.98 Mil.
Total Current Liabilities was R$0.24 Mil.
Long-Term Debt & Capital Lease Obligation was R$0.00 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI	=	(Receivables_t / Revenue_t)	/	(Receivables_t-1 / Revenue_t-1)
	=	(1.362 / 2.674)	/	(2.006 / 4.999)
	=	0.509349	/	0.40128
	=

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI	=	GrossMargin_t-1	/	GrossMargin_t
	=	(GrossProfit_t-1 / Revenue_t-1)	/	(GrossProfit_t / Revenue_t)
	=	(2.933 / 4.999)	/	(0.854 / 2.674)
	=	0.586717	/	0.319372
	=

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI	=	(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t)	/	(1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
	=	(1 - (27.1 + 0) / 27.1)	/	(1 - (41.655 + 0) / 41.655)
	=	0	/	0
	=

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI	=	Sales_t	/	Sales_t-1
	=	Revenue_t	/	Revenue_t-1
	=	2.674	/	4.999
	=

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI	=	(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1))	/	(Depreciation_t / (Depreciaton_t + PPE_t))
	=	(0 / (0 + 0))	/	(0 / (0 + 0))
	=		/
	=

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI	=	(SGA_t / Sales_t)	/	(SGA_t-1 /Sales_t-1)
	=	(1.193 / 2.674)	/	(0.976 / 4.999)
	=	0.446148	/	0.195239
	=

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI	=	((LTD_t + CurrentLiabilities_t) / TotalAssets_t)	/	((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
	=	((0 + 0.506) / 27.1)	/	((0 + 0.237) / 41.655)
	=	0.018672	/	0.00569
	=

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA	=	(IncomefromContinuingOperations_t	-	CashFlowsfromOperations_t)	/	TotalAssets_t
	=	(NetIncome_t - NonOperatingIncome_t	-	CashFlowsfromOperations_t)	/	TotalAssets_t
	=	(-0.857 - 0	-	11.298)	/	27.1
	=	-0.448524

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of 0.00 mean?

Fundo De Investimento Imobiliario Rooftop I (BSP:ROOF11) has a Beneish M-Score of 0.00 as of Jul. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Fundo De Investimento Imobiliario Rooftop I and its competitors. According to the industry distribution chart, Fundo De Investimento Imobiliario Rooftop I ranks #999999 out of 750 companies in the REITs industry.

Is Fundo De Investimento Imobiliario Rooftop I's Beneish M-Score too high?

Fundo De Investimento Imobiliario Rooftop I's current Beneish M-Score is 0.00. Based on the distribution chart, Fundo De Investimento Imobiliario Rooftop I ranks #999999 out of 750 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Fundo De Investimento Imobiliario Rooftop I has a GF Score™ of 7/100, reflecting its overall financial health beyond just this single metric.

How does Fundo De Investimento Imobiliario Rooftop I's Beneish M-Score compare to AVB and EQR?

According to the REITs industry distribution chart, Fundo De Investimento Imobiliario Rooftop I ranks #999999 out of 750 companies for Beneish M-Score. This places Fundo De Investimento Imobiliario Rooftop I in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Beneish M-Score for a REITs company?

A good Beneish M-Score depends on the REITs industry context. However, Beneish M-Score 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 Beneish M-Score mean?

A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Fundo De Investimento Imobiliario Rooftop I and its competitors. Fundo De Investimento Imobiliario Rooftop I's current Beneish M-Score is 0.00. 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 Rooftop I stock overvalued right now?

Fundo De Investimento Imobiliario Rooftop I (BSP:ROOF11) has a current Beneish M-Score of 0.00. The stock's GF Value™ is R$185.62, compared to a current price of R$274.81 — trading 48% above its estimated fair value. The current Beneish M-Score is 0.00. Fundo De Investimento Imobiliario Rooftop I's overall GF Score™ is 7/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Beneish M-Score calculated?

Beneish M-Score is calculated from a company's financial statements. For Fundo De Investimento Imobiliario Rooftop I (BSP:ROOF11), the current Beneish M-Score is 0.00 as of Jul. 27, 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 Fundo De Investimento Imobiliario Rooftop I (BSP:ROOF11) Overvalued in 2026?

Based on GuruFocus' analysis, Fundo De Investimento Imobiliario Rooftop I stock appears to be overvalued. The current stock price of R$274.81 is trading 48% above its estimated GF Value™ of R$185.62.

Key valuation signals for BSP:ROOF11:

Beneish M-Score: 0.00
GF Value™: R$185.62 vs. price of R$274.81 (48% above fair value)
GF Score™: 7/100 with 1 warning sign

No single metric tells the full story. See the BSP:ROOF11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Fundo De Investimento Imobiliario Rooftop I Business Description

Industry Real Estate REITs

Comparable Companies BSP:RBRS11 BSP:HCST11 BSP:KNRE11 BSP:LRDI11 BSP:JPPA11 BSP:KEVE11 BSP:INRD11 BSP:ARRI11 AVB EQR ESS INVH MAA SUI UDR ELS AMH CPT JAN MRP

Address Rua Gilberto Sabino, 215, 4th Floor, Sao Paulo, BRA

Website https://www.vortx.com.br

Fundo De Investimento Imobiliario Rooftop I is a Real Estate Investment Fund (FII) constituted in the form of a closed condominium, with a fixed term, intending to earn gains from the purchase and sale of alternative real estate assets, differentiating itself in prospecting, evaluation, acquisition, clearance, and sale.

7GF Score

Get the complete analysis for BSP:ROOF11

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$274.81

Price

R$185.62

GF Value

View BSP:ROOF11 Analysis

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