Hsi Ativos Financeiros Fundos Investimentos Imoliarios (BSP:HSAF11) PB Ratio: 0.88 (As of Jul. 09, 2026) — Near Median


BSP:HSAF11 Hsi Ativos Financeiros Fundos Investimentos Imoliarios BSP:HSAF11
54 GF Score
Price R$77.83
GF Value R$78.95
Valuation Fairly Valued
! 4 Warning Signs
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What is Hsi Ativos Financeiros Fundos Investimentos Imoliarios PB Ratio?

Hsi Ativos Financeiros Fundos Investimentos Imoliarios BSP:HSAF11 -1.14% 54 PB Ratio is 0.88 as of Jul. 09, 2026, which is 2% below its 10-year median of 0.90. GuruFocus rates BSP:HSAF11 with a GF Score™ of 54/100 and a GF Value™ of R$78.95 (Fairly Valued). The stock has 4 warning signs investors should review. Among 927 REITs companies, Hsi Ativos Financeiros Fundos Investimentos Imoliarios ranks worse than 51.89% 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 (2026-07-09), Hsi Ativos Financeiros Fundos Investimentos Imoliarios's share price is R$77.83. Hsi Ativos Financeiros Fundos Investimentos Imoliarios's Book Value per Share for the quarter that ended in Jun. 2025 was R$88.53. Hence, Hsi Ativos Financeiros Fundos Investimentos Imoliarios's PB Ratio of today is 0.88.

Warning Sign:

Hsi Ativos Financeiros Fundos Investimentos Imoliarios stock PB Ratio (=0.88) is close to 3-year high of 0.97.

The historical rank and industry rank for Hsi Ativos Financeiros Fundos Investimentos Imoliarios's PB Ratio or its related term are showing as below:

BSP:HSAF11' s PB Ratio Range Over the Past 10 Years
Min: 0.72   Med: 0.9   Max: 1
Current: 0.88

During the past 5 years, Hsi Ativos Financeiros Fundos Investimentos Imoliarios's highest PB Ratio was 1.00. The lowest was 0.72. And the median was 0.90.

BSP:HSAF11's PB Ratio is ranked worse than
51.89% of 927 companies
in the REITs industry
Industry Median: 0.86 vs BSP:HSAF11: 0.88

During the past 12 months, Hsi Ativos Financeiros Fundos Investimentos Imoliarios's average Book Value Per Share Growth Rate was -0.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -2.10% per year.

During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of Hsi Ativos Financeiros Fundos Investimentos Imoliarios was -2.10% per year. The lowest was -2.40% per year. And the median was -2.25% per year.

Back to Basics: PB Ratio

Hsi Ativos Financeiros Fundos Investimentos Imoliarios  (BSP:HSAF11) 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.

Hsi Ativos Financeiros Fundos Investimentos Imoliarios PB Ratio Related Terms

Hsi Ativos Financeiros Fundos Investimentos Imoliarios PB Ratio Historical Data

* Premium members only.

The historical data trend for Hsi Ativos Financeiros Fundos Investimentos Imoliarios'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.

Hsi Ativos Financeiros Fundos Investimentos Imoliarios PB Ratio Chart

Hsi Ativos Financeiros Fundos Investimentos Imoliarios Annual Data
Trend Jun21 Jun22 Jun23 Jun24 Jun25
PB Ratio
0.00 1.00 0.93 0.97 0.90

Hsi Ativos Financeiros Fundos Investimentos Imoliarios Semi-Annual Data
Jun21 Jun22 Jun23 Jun24 Jun25
PB Ratio 0.00 1.00 0.93 0.97 0.90

BSP:HSAF11 vs VICI, WPC: PB Ratio Comparison

For the REIT - Diversified subindustry, Hsi Ativos Financeiros Fundos Investimentos Imoliarios'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.

Hsi Ativos Financeiros Fundos Investimentos Imoliarios PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Hsi Ativos Financeiros Fundos Investimentos Imoliarios's PB Ratio distribution charts can be found below:

* The bar in red indicates where Hsi Ativos Financeiros Fundos Investimentos Imoliarios's PB Ratio falls into.


BSP:HSAF11
54GF Score
Hsi Ativos Financeiros Fundos Investimentos Imoliarios BSP:HSAF11
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hsi Ativos Financeiros Fundos Investimentos Imoliarios 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.

Hsi Ativos Financeiros Fundos Investimentos Imoliarios's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Jun. 2025)
=77.83/88.525
=0.88

* 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:

PB Ratio=Market Cap /(Total Stockholders Equity-Preferred Stock)

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 0.88 mean?
Hsi Ativos Financeiros Fundos Investimentos Imoliarios (BSP:HSAF11) has a PB Ratio of 0.88 as of Jul. 09, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Hsi Ativos Financeiros Fundos Investimentos Imoliarios and its competitors. This is near median its historical median of 0.90. Over the past decade, Hsi Ativos Financeiros Fundos Investimentos Imoliarios' PB Ratio has ranged from 0.72 to 1.00. According to the industry distribution chart, Hsi Ativos Financeiros Fundos Investimentos Imoliarios ranks #481 out of 927 companies in the REITs industry, placing it in the top 51.9%.
Is Hsi Ativos Financeiros Fundos Investimentos Imoliarios' PB Ratio too high?
Hsi Ativos Financeiros Fundos Investimentos Imoliarios' current PB Ratio of 0.88 is near median its 10-year median of 0.90. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 1.00. The REITs industry median PB Ratio is 0.86. Hsi Ativos Financeiros Fundos Investimentos Imoliarios' value of 0.88 is 2.3% above this industry median. Based on the distribution chart, Hsi Ativos Financeiros Fundos Investimentos Imoliarios ranks #481 out of 927 companies in the REITs industry, which is below the industry midpoint. Overall, Hsi Ativos Financeiros Fundos Investimentos Imoliarios has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hsi Ativos Financeiros Fundos Investimentos Imoliarios' PB Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Hsi Ativos Financeiros Fundos Investimentos Imoliarios ranks #481 out of 927 companies for PB Ratio. This places Hsi Ativos Financeiros Fundos Investimentos Imoliarios in the lower half of its industry. The industry median PB Ratio is 0.86. Hsi Ativos Financeiros Fundos Investimentos Imoliarios' value of 0.88 is 2.3% above this benchmark. Historically, Hsi Ativos Financeiros Fundos Investimentos Imoliarios' own PB Ratio has ranged from 0.72 to 1.00 over the past decade. While the company's 10-year median is 0.90 vs. the industry median of 0.86, Hsi Ativos Financeiros Fundos Investimentos Imoliarios 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 927 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. Hsi Ativos Financeiros Fundos Investimentos Imoliarios's current PB Ratio of 0.88 is 2.3% 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 Hsi Ativos Financeiros Fundos Investimentos Imoliarios 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. Hsi Ativos Financeiros Fundos Investimentos Imoliarios's current PB Ratio is 0.88, which is near median its own 10-year median of 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hsi Ativos Financeiros Fundos Investimentos Imoliarios stock overvalued right now?
Based on GuruFocus' analysis, Hsi Ativos Financeiros Fundos Investimentos Imoliarios (BSP:HSAF11) is currently considered Fairly Valued. The stock's GF Value™ is R$78.95, compared to a current price of R$77.83 — trading 1.4% below its estimated fair value. The current PB Ratio is 0.88, which is near median its 10-year median of 0.90 and 2.3% above the REITs industry median of 0.86. Hsi Ativos Financeiros Fundos Investimentos Imoliarios' overall GF Score™ is 54/100 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 Hsi Ativos Financeiros Fundos Investimentos Imoliarios (BSP:HSAF11), the current PB Ratio is 0.88 as of Jul. 09, 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 Hsi Ativos Financeiros Fundos Investimentos Imoliarios (BSP:HSAF11) Overvalued in 2026?

Based on GuruFocus' analysis, Hsi Ativos Financeiros Fundos Investimentos Imoliarios stock appears to be undervalued. The current stock price of R$77.83 is trading 1.4% below its estimated GF Value™ of R$78.95. GuruFocus considers Hsi Ativos Financeiros Fundos Investimentos Imoliarios to be Fairly Valued.

Key valuation signals for BSP:HSAF11:

  • PB Ratio: 0.88 (near median its 10-year median of 0.90)
  • GF Value™: R$78.95 vs. price of R$77.83 (1.4% below fair value)
  • GF Score™: 54/100 with 4 warning signs
  • Industry Position: 2.3% above the REITs median (#481 of 927)

No single metric tells the full story. See the BSP:HSAF11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hsi Ativos Financeiros Fundos Investimentos Imoliarios Business Description

Industry Real EstateREITs
Address Rua Alves Guimarães, 1216, Pinheiros, São Paulo, SP, BRA, 05410-002
Hsi Ativos Financeiros Fundos Investimentos Imoliarios aims to obtain income and capital gains, through investment, in certificates of real estate receivables.
54GF Score

Get the complete analysis for BSP:HSAF11

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

R$77.83
Price
R$78.95
GF Value