Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario (BSP:BLMO11) PB Ratio: 0.90 (As of Jul. 31, 2026) — 15% Above Median

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BSP:BLMO11 Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario BSP:BLMO11
74 GF Score
Price R$88.88
GF Value R$115.16
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario PB Ratio?

Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario BSP:BLMO11 74 PB Ratio is 0.90 as of Jul. 31, 2026, which is 15% above its 10-year median of 0.78. GuruFocus rates BSP:BLMO11 with a GF Score™ of 74/100 and a GF Value™ of R$115.16 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 915 REITs companies, Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario ranks worse than 54.97% on this metric.

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-31), Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's share price is R$88.88. Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's Book Value per Share for the quarter that ended in Dec. 2025 was R$98.60. Hence, Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's PB Ratio of today is 0.90.

Warning Sign:

Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario stock PB Ratio (=0.9) is close to 5-year high of 0.92.

The historical rank and industry rank for Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's PB Ratio or its related term are showing as below:

BSP:BLMO11' s PB Ratio Range Over the Past 10 Years
Min: 0.46   Med: 0.78   Max: 0.92
Current: 0.9

During the past 7 years, Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's highest PB Ratio was 0.92. The lowest was 0.46. And the median was 0.78.

BSP:BLMO11's PB Ratio is ranked worse than
54.97% of 915 companies
in the REITs industry
Industry Median: 0.86 vs BSP:BLMO11: 0.90

During the past 12 months, Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's average Book Value Per Share Growth Rate was -6.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -8.10% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -1.10% per year.

During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario was 25.60% per year. The lowest was -8.10% per year. And the median was 0.00% per year.

Back to Basics: PB Ratio


Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario  (BSP:BLMO11) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario PB Ratio Related Terms


Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario PB Ratio Historical Data

* Premium members only.

The historical data trend for Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's PB Ratio 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.

Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario PB Ratio Chart

Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial 0.00 0.60 0.67 0.71 0.91

Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario Semi-Annual Data
Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio Get a 7-Day Free Trial 0.00 0.60 0.67 0.71 0.91

BSP:BLMO11 vs VICI, WPC: PB Ratio Comparison

For the REIT - Diversified subindustry, Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's PB Ratio, along with its competitors' market caps and PB Ratio 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.


Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's PB Ratio distribution charts can be found below:

* The bar in red indicates where Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's PB Ratio falls into.


BSP:BLMO11
74GF Score
Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario BSP:BLMO11
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=88.88/98.599
=0.90

* 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.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 0.90 mean?
Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario (BSP:BLMO11) has a PB Ratio of 0.90 as of Jul. 31, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario and its competitors. This is 15% above median its historical median of 0.78. Over the past decade, Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's PB Ratio has ranged from 0.46 to 0.92. According to the industry distribution chart, Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario ranks #503 out of 915 companies in the REITs industry, placing it in the top 55%.
Is Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's PB Ratio too high?
Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's current PB Ratio of 0.90 is 15% above median its 10-year median of 0.78. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 0.92. The REITs industry median PB Ratio is 0.86. Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's value of 0.90 is 4.7% above this industry median. Based on the distribution chart, Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario ranks #503 out of 915 companies in the REITs industry, which is below the industry midpoint. Overall, Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's PB Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario ranks #503 out of 915 companies for PB Ratio. This places Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario in the lower half of its industry. The industry median PB Ratio is 0.86. Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's value of 0.90 is 4.7% above this benchmark. Historically, Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's own PB Ratio has ranged from 0.46 to 0.92 over the past decade. While the company's 10-year median is 0.78 vs. the industry median of 0.86, Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario 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 PB Ratio for a REITs company?
The median PB Ratio among REITs companies is 0.86, based on 915 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's current PB Ratio of 0.90 is 4.7% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario and its competitors. For the REITs industry, the median PB Ratio is 0.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's current PB Ratio is 0.90, which is 15% above median its own 10-year median of 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario stock overvalued right now?
Based on GuruFocus' analysis, Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario (BSP:BLMO11) is currently considered Modestly Undervalued. The stock's GF Value™ is R$115.16, compared to a current price of R$88.88 — trading 22.8% below its estimated fair value. The current PB Ratio is 0.90, which is 15% above median its 10-year median of 0.78 and 4.7% above the REITs industry median of 0.86. Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario's overall GF Score™ is 74/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario (BSP:BLMO11), the current PB Ratio is 0.90 as of Jul. 31, 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 Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario (BSP:BLMO11) Overvalued in 2026?

Based on GuruFocus' analysis, Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario stock appears to be undervalued. The current stock price of R$88.88 is trading 22.8% below its estimated GF Value™ of R$115.16. GuruFocus considers Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario to be Modestly Undervalued.

Key valuation signals for BSP:BLMO11:

  • PB Ratio: 0.90 (15% above median its 10-year median of 0.78)
  • GF Value™: R$115.16 vs. price of R$88.88 (22.8% below fair value)
  • GF Score™: 74/100 with 2 warning signs
  • Industry Position: 4.7% above the REITs median (#503 of 915)

No single metric tells the full story. See the BSP:BLMO11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario Business Description

Industry Real EstateREITs
Address Iguatemi, 151, 19 Andar, São Paulo, SP, BRA, 1451011
Bluemacaw Office Fund Il - Fundo DE Investimento Imobiliario invests in real estate, in addition to obtaining income and eventual gain of capital, to be obtained through the acquisition of Real Estate Assets ready for subsequent rental and/or disposal.
74GF Score

Get the complete analysis for BSP:BLMO11

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

R$88.88
Price
R$115.16
GF Value