Fundo Investimento Imobiliario SC 401BSP:FISC11 71 Net Current Asset Value is R$1.31 as of Dec. 2025, which is 100% below its 10-year median of 108.35. GuruFocus rates BSP:FISC11 with a GF Score™ of 71/100 and a GF Value™ of R$95.60 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 109 REITs companies, Fundo Investimento Imobiliario SC 401 ranks worse than 81.65% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
BSP:FISC11'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 41.57 Med: 108.35 Max: 769.23
Current: 52.1
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Fundo Investimento Imobiliario SC 401 was 769.23. The lowest was 41.57. And the median was 108.35.
BSP:FISC11's Price-to-Net-Current-Asset-Value is ranked worse than 81.65% of 109
companies
in the REITs industry
Industry Median: 7.89
vs BSP:FISC11: 52.10
Fundo Investimento Imobiliario SC 401 (BSP:FISC11) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Fundo Investimento Imobiliario SC 401 Net Current Asset Value Related Terms
Fundo Investimento Imobiliario SC 401 Net Current Asset Value 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 Investimento Imobiliario SC 401 Net Current Asset Value Chart
BSP:FISC11 vs VICI, WPC: Net Current Asset Value Comparison
For the REIT - Diversified subindustry, Fundo Investimento Imobiliario SC 401's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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 Investimento Imobiliario SC 401 Price-to-Net-Current-Asset-Value vs REITs Industry
For the REITs industry and Real Estate sector, Fundo Investimento Imobiliario SC 401's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Fundo Investimento Imobiliario SC 401's Price-to-Net-Current-Asset-Value falls into.
* 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.
What does a Net Current Asset Value of R$1.31 mean?
Fundo Investimento Imobiliario SC 401 (BSP:FISC11) has a Net Current Asset Value of R$1.31 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Fundo Investimento Imobiliario SC 401 and its competitors. This is 99% below median its historical median of 108.35. Over the past decade, Fundo Investimento Imobiliario SC 401's Net Current Asset Value has ranged from 41.57 to 769.23. According to the industry distribution chart, Fundo Investimento Imobiliario SC 401 ranks #89 out of 109 companies in the REITs industry, placing it in the top 81.7%.
Is Fundo Investimento Imobiliario SC 401's Net Current Asset Value too high?
Fundo Investimento Imobiliario SC 401's current Net Current Asset Value of R$1.31 is 99% below median its 10-year median of 108.35. Over the past 10 years, this metric has ranged from a low of 41.57 to a high of 769.23. Based on the distribution chart, Fundo Investimento Imobiliario SC 401 ranks #89 out of 109 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Fundo Investimento Imobiliario SC 401 has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fundo Investimento Imobiliario SC 401's Net Current Asset Value compare to VICI and WPC?
According to the REITs industry distribution chart, Fundo Investimento Imobiliario SC 401 ranks #89 out of 109 companies for Net Current Asset Value. This places Fundo Investimento Imobiliario SC 401 in the lower half of its industry. The industry median Net Current Asset Value is 7.89. Historically, Fundo Investimento Imobiliario SC 401's own Net Current Asset Value has ranged from 41.57 to 769.23 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for a REITs company?
The median Net Current Asset Value among REITs companies is 7.89, based on 109 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value 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 Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Fundo Investimento Imobiliario SC 401 and its competitors. For the REITs industry, the median Net Current Asset Value is 7.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fundo Investimento Imobiliario SC 401's current Net Current Asset Value is R$1.31, which is 99% below median its own 10-year median of 108.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fundo Investimento Imobiliario SC 401 stock overvalued right now?
Based on GuruFocus' analysis, Fundo Investimento Imobiliario SC 401 (BSP:FISC11) is currently considered Modestly Undervalued. The stock's GF Value™ is R$95.60, compared to a current price of R$68.25 — trading 28.6% below its estimated fair value. The current Net Current Asset Value is R$1.31, which is 99% below median its 10-year median of 108.35. Fundo Investimento Imobiliario SC 401's overall GF Score™ is 71/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Fundo Investimento Imobiliario SC 401 (BSP:FISC11), the current Net Current Asset Value is R$1.31 as of Dec. 2025. 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 Investimento Imobiliario SC 401 (BSP:FISC11) Overvalued in 2026?
Based on GuruFocus' analysis, Fundo Investimento Imobiliario SC 401 stock appears to be undervalued.
The current stock price of R$68.25 is trading 28.6% below its estimated GF Value™ of R$95.60.
GuruFocus considers Fundo Investimento Imobiliario SC 401 to be Modestly Undervalued.
Key valuation signals for BSP:FISC11:
Net Current Asset Value: R$1.31 (99% below median its 10-year median of 108.35)
GF Value™: R$95.60 vs. price of R$68.25 (28.6% below fair value)
No single metric tells the full story. See the BSP:FISC11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fundo Investimento Imobiliario SC 401 Business Description
Fundo Investimento Imobiliario SC 401 is a structured fund operated by UNITS BR-CAPITAL. The fund owns stores and office complexes for the lease of Square SC, a multipurpose development located in Florianopolis/SC, and Mall W Tower, a mall located in Caxias do Sul/RS. The fund owns stores and corporate offices in Square SC, in addition to owning the rotating parking lot and owns stores in the Mall W Tower and the rotating parking in the Mall.
71GF Score
Get the complete analysis for BSP:FISC11
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BSP:FISC11 has been successfully added to your 
