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.
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario PB Ratio Related Terms
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario 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.
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario PB Ratio Chart
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Annual Data
Trend
Dec21
Dec22
Dec23
Dec24
Dec25
PB Ratio
1.05
0.88
0.82
0.88
0.77
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Semi-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.
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario PB Ratio vs REITs Industry
Merito Desenvolvimento Imobiliario I FII 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.
* 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.
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) has a PB Ratio of 0.51 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario and its competitors. This is 42% below median its historical median of 0.88. Over the past decade, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's PB Ratio has ranged from 0.45 to 1.05. According to the industry distribution chart, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario ranks #140 out of 929 companies in the REITs industry, placing it in the top 15.1%.
Is Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's PB Ratio too high?
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's current PB Ratio of 0.51 is 42% below median its 10-year median of 0.88. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 1.05. The REITs industry median PB Ratio is 0.87. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's value of 0.51 is 41.4% below this industry median. Based on the distribution chart, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario ranks #140 out of 929 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's PB Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario ranks #140 out of 929 companies for PB Ratio. This places Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario in the top 15% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.87. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's value of 0.51 is 41.4% below this benchmark. Historically, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's own PB Ratio has ranged from 0.45 to 1.05 over the past decade. While the company's 10-year median is 0.88 vs. the industry median of 0.87, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario 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 929 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. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's current PB Ratio of 0.51 is 41.4% 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 Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario 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. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's current PB Ratio is 0.51, which is 42% below median its own 10-year median of 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario stock overvalued right now?
Based on GuruFocus' analysis, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) is currently considered Significantly Overvalued. The stock's GF Value™ is R$35.23, compared to a current price of R$50.71 — trading 43.9% above its estimated fair value. The current PB Ratio is 0.51, which is 42% below median its 10-year median of 0.88 and 41.4% below the REITs industry median of 0.87. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's overall GF Score™ is 42/100 with 5 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 Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11), the current PB Ratio is 0.51 as of Jun. 24, 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 Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) Overvalued in 2026?
Based on GuruFocus' analysis, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario stock appears to be overvalued.
The current stock price of R$50.71 is trading 43.9% above its estimated GF Value™ of R$35.23.
GuruFocus considers Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario to be Significantly Overvalued.
Key valuation signals for BSP:MFII11:
PB Ratio: 0.51 (42% below median its 10-year median of 0.88)
GF Value™: R$35.23 vs. price of R$50.71 (43.9% above fair value)
Industry Position: 41.4% below the REITs median (#140 of 929)
No single metric tells the full story. See the BSP:MFII11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Business Description
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario is a real estate investment trust. It is engaged in the acquisition of interests in real estate development projects developed in partnership with developers.
42GF Score
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