BSP:BPML11's PB Ratio is ranked better than 70.89% of 931
companies
in the REITs industry
Industry Median: 0.87
vs BSP:BPML11: 0.69
During the past 12 months, Fundo DE Investimento Imobiliario BTG Pactual Shoppings's average Book Value Per Share Growth Rate was -3.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -0.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -1.60% per year.
During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Fundo DE Investimento Imobiliario BTG Pactual Shoppings was -0.70% per year. The lowest was -1.30% per year. And the median was -0.90% per year.
Back to Basics: PB Ratio
Fundo DE Investimento Imobiliario BTG Pactual Shoppings (BSP:BPML11) PB Ratio Explanation
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.
Fundo DE Investimento Imobiliario BTG Pactual Shoppings PB Ratio Related Terms
Fundo DE Investimento Imobiliario BTG Pactual Shoppings PB Ratio 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 BTG Pactual Shoppings PB Ratio Chart
Fundo DE Investimento Imobiliario BTG Pactual Shoppings 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 BTG Pactual Shoppings PB Ratio vs REITs Industry
Fundo DE Investimento Imobiliario BTG Pactual Shoppings 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.
* 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.
Fundo DE Investimento Imobiliario BTG Pactual Shoppings (BSP:BPML11) has a PB Ratio of 0.69 as of Jul. 05, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Fundo DE Investimento Imobiliario BTG Pactual Shoppings and its competitors. This is near median its historical median of 0.64. Over the past decade, Fundo DE Investimento Imobiliario BTG Pactual Shoppings' PB Ratio has ranged from 0.42 to 0.84. According to the industry distribution chart, Fundo DE Investimento Imobiliario BTG Pactual Shoppings ranks #271 out of 931 companies in the REITs industry, placing it in the top 29.1%.
Is Fundo DE Investimento Imobiliario BTG Pactual Shoppings' PB Ratio too high?
Fundo DE Investimento Imobiliario BTG Pactual Shoppings' current PB Ratio of 0.69 is near median its 10-year median of 0.64. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 0.84. The REITs industry median PB Ratio is 0.87. Fundo DE Investimento Imobiliario BTG Pactual Shoppings' value of 0.69 is 20.7% below this industry median. Based on the distribution chart, Fundo DE Investimento Imobiliario BTG Pactual Shoppings ranks #271 out of 931 companies in the REITs industry, which is above the industry midpoint. Overall, Fundo DE Investimento Imobiliario BTG Pactual Shoppings has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fundo DE Investimento Imobiliario BTG Pactual Shoppings' PB Ratio compare to SPG and O?
According to the REITs industry distribution chart, Fundo DE Investimento Imobiliario BTG Pactual Shoppings ranks #271 out of 931 companies for PB Ratio. This puts Fundo DE Investimento Imobiliario BTG Pactual Shoppings in the upper half of its industry. The industry median PB Ratio is 0.87. Fundo DE Investimento Imobiliario BTG Pactual Shoppings' value of 0.69 is 20.7% below this benchmark. Historically, Fundo DE Investimento Imobiliario BTG Pactual Shoppings' own PB Ratio has ranged from 0.42 to 0.84 over the past decade. While the company's 10-year median is 0.64 vs. the industry median of 0.87, Fundo DE Investimento Imobiliario BTG Pactual Shoppings 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 PB Ratio for a REITs company?
The median PB Ratio among REITs companies is 0.87, based on 931 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. Fundo DE Investimento Imobiliario BTG Pactual Shoppings's current PB Ratio of 0.69 is 20.7% 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 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 Fundo DE Investimento Imobiliario BTG Pactual Shoppings and its competitors. For the REITs industry, the median PB Ratio is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fundo DE Investimento Imobiliario BTG Pactual Shoppings's current PB Ratio is 0.69, which is near median its own 10-year median of 0.64. 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 BTG Pactual Shoppings stock overvalued right now?
Based on GuruFocus' analysis, Fundo DE Investimento Imobiliario BTG Pactual Shoppings (BSP:BPML11) is currently considered Significantly Overvalued. The stock's GF Value™ is R$31.47, compared to a current price of R$85.30 — trading 171.1% above its estimated fair value. The current PB Ratio is 0.69, which is near median its 10-year median of 0.64 and 20.7% below the REITs industry median of 0.87. Fundo DE Investimento Imobiliario BTG Pactual Shoppings' overall GF Score™ is 58/100 with 4 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 Fundo DE Investimento Imobiliario BTG Pactual Shoppings (BSP:BPML11), the current PB Ratio is 0.69 as of Jul. 05, 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 BTG Pactual Shoppings (BSP:BPML11) Overvalued in 2026?
Based on GuruFocus' analysis, Fundo DE Investimento Imobiliario BTG Pactual Shoppings stock appears to be overvalued.
The current stock price of R$85.30 is trading 171.1% above its estimated GF Value™ of R$31.47.
GuruFocus considers Fundo DE Investimento Imobiliario BTG Pactual Shoppings to be Significantly Overvalued.
Key valuation signals for BSP:BPML11:
PB Ratio: 0.69 (near median its 10-year median of 0.64)
GF Value™: R$31.47 vs. price of R$85.30 (171.1% above fair value)
Industry Position: 20.7% below the REITs median (#271 of 931)
No single metric tells the full story. See the BSP:BPML11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fundo DE Investimento Imobiliario BTG Pactual Shoppings Business Description
Fundo DE Investimento Imobiliario BTG Pactual Shoppings is a closed-end fund. The purpose of this asset class is to provide shareholders with appreciation and profitability of their shares, through investment in real estate ventures, through the acquisition of completed and constructed real estate developments, land, or buildings under construction, intended for institutional use or commercial.
58GF Score
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