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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.
Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario PB Ratio Related Terms
Panorama Desenvolvimento Logistico - 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.
Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario PB Ratio Chart
Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario Annual Data
Trend
Dec22
Dec23
Dec24
Dec25
PB Ratio
0.00
1.23
1.12
1.19
Panorama Desenvolvimento Logistico - 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.
Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario PB Ratio vs REITs Industry
Panorama Desenvolvimento Logistico - 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.
Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario (BSP:PNDL11) has a PB Ratio of 0.16 as of Jul. 18, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario and its competitors. This is 85% below median its historical median of 1.09. Over the past decade, Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's PB Ratio has ranged from 0.16 to 3.07.
Is Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's PB Ratio too high?
Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's current PB Ratio of 0.16 is 85% below median its 10-year median of 1.09. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 3.07. The REITs industry median PB Ratio is 0.86. Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's value of 0.16 is 81.4% below this industry median. Overall, Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario has a GF Score™ of 7/100, reflecting its overall financial health beyond just this single metric.
How does Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's PB Ratio compare to VICI and WPC?
Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's PB Ratio of 0.16 can be compared against companies in the REITs industry. The industry median PB Ratio is 0.86. Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's value of 0.16 is 81.4% below this benchmark. Historically, Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's own PB Ratio has ranged from 0.16 to 3.07 over the past decade. While the company's 10-year median is 1.09 vs. the industry median of 0.86, Panorama Desenvolvimento Logistico - 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 0.86, based on 922 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. Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's current PB Ratio of 0.16 is 81.4% 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 Panorama Desenvolvimento Logistico - 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. Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's current PB Ratio is 0.16, which is 85% below median its own 10-year median of 1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario stock overvalued right now?
Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario (BSP:PNDL11) has a current PB Ratio of 0.16. The stock's GF Value™ is R$642.80, compared to a current price of R$160.00 — trading 75.1% below its estimated fair value. The current PB Ratio is 0.16, which is 85% below median its 10-year median of 1.09 and 81.4% below the REITs industry median of 0.86. Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's overall GF Score™ is 7/100 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 Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario (BSP:PNDL11), the current PB Ratio is 0.16 as of Jul. 18, 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 Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario (BSP:PNDL11) Overvalued in 2026?
Based on GuruFocus' analysis, Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario stock appears to be undervalued.
The current stock price of R$160.00 is trading 75.1% below its estimated GF Value™ of R$642.80.
Key valuation signals for BSP:PNDL11:
PB Ratio: 0.16 (85% below median its 10-year median of 1.09)
GF Value™: R$642.80 vs. price of R$160.00 (75.1% below fair value)
No single metric tells the full story. See the BSP:PNDL11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario Business Description
Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario is a real estate investment fund. The objective of this fund is the development (greenfield) or direct investment in real estate for subsequent sale or income generation, as well as in any real rights over the properties, or, alternatively, through indirect investment in real estate by acquiring real estate assets, as well as capital gains obtained from the purchase and sale of the properties or real estate assets.
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