Fundo De Investimento Imobiliario Spx Syn Multiestrategia (BSP:SPXS11) PB Ratio: 0.86 (As of Jul. 12, 2026) — Near Median


BSP:SPXS11 Fundo De Investimento Imobiliario Spx Syn Multiestrategia BSP:SPXS11
27 GF Score
Price R$8.06
! 2 Warning Signs
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What is Fundo De Investimento Imobiliario Spx Syn Multiestrategia PB Ratio?

Fundo De Investimento Imobiliario Spx Syn Multiestrategia BSP:SPXS11 -0.25% 27 PB Ratio is 0.86 as of Jul. 12, 2026, which is 9% below its 10-year median of 0.94. GuruFocus rates BSP:SPXS11 with a GF Score™ of 27/100. The stock has 2 warning signs investors should review. Among 929 REITs companies, Fundo De Investimento Imobiliario Spx Syn Multiestrategia ranks better than 50.59% 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 (2026-07-12), Fundo De Investimento Imobiliario Spx Syn Multiestrategia's share price is R$8.06. Fundo De Investimento Imobiliario Spx Syn Multiestrategia's Book Value per Share for the quarter that ended in Dec. 2025 was R$9.40. Hence, Fundo De Investimento Imobiliario Spx Syn Multiestrategia's PB Ratio of today is 0.86.

The historical rank and industry rank for Fundo De Investimento Imobiliario Spx Syn Multiestrategia's PB Ratio or its related term are showing as below:

BSP:SPXS11' s PB Ratio Range Over the Past 10 Years
Min: 0.74   Med: 0.94   Max: 1.02
Current: 0.86

During the past 4 years, Fundo De Investimento Imobiliario Spx Syn Multiestrategia's highest PB Ratio was 1.02. The lowest was 0.74. And the median was 0.94.

BSP:SPXS11's PB Ratio is ranked better than
50.59% of 929 companies
in the REITs industry
Industry Median: 0.86 vs BSP:SPXS11: 0.86

During the past 12 months, Fundo De Investimento Imobiliario Spx Syn Multiestrategia's average Book Value Per Share Growth Rate was 2.70% per year.

Back to Basics: PB Ratio


Fundo De Investimento Imobiliario Spx Syn Multiestrategia  (BSP:SPXS11) 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.


Fundo De Investimento Imobiliario Spx Syn Multiestrategia PB Ratio Related Terms


Fundo De Investimento Imobiliario Spx Syn Multiestrategia PB Ratio Historical Data

* Premium members only.

The historical data trend for Fundo De Investimento Imobiliario Spx Syn Multiestrategia'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.

Fundo De Investimento Imobiliario Spx Syn Multiestrategia PB Ratio Chart

Fundo De Investimento Imobiliario Spx Syn Multiestrategia Annual Data
Trend Dec22 Dec23 Dec24 Dec25
PB Ratio
0.00 0.98 0.95 0.98

Fundo De Investimento Imobiliario Spx Syn Multiestrategia Semi-Annual Data
Dec22 Dec23 Dec24 Dec25
PB Ratio 0.00 0.98 0.95 0.98

BSP:SPXS11 vs VICI, WPC: PB Ratio Comparison

For the REIT - Diversified subindustry, Fundo De Investimento Imobiliario Spx Syn Multiestrategia'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.


Fundo De Investimento Imobiliario Spx Syn Multiestrategia PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Fundo De Investimento Imobiliario Spx Syn Multiestrategia's PB Ratio distribution charts can be found below:

* The bar in red indicates where Fundo De Investimento Imobiliario Spx Syn Multiestrategia's PB Ratio falls into.


BSP:SPXS11
27GF Score
Fundo De Investimento Imobiliario Spx Syn Multiestrategia BSP:SPXS11
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Fundo De Investimento Imobiliario Spx Syn Multiestrategia 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.

Fundo De Investimento Imobiliario Spx Syn Multiestrategia's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=8.06/9.399
=0.86

* 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 0.86 mean?
Fundo De Investimento Imobiliario Spx Syn Multiestrategia (BSP:SPXS11) has a PB Ratio of 0.86 as of Jul. 12, 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 Spx Syn Multiestrategia and its competitors. This is near median its historical median of 0.94. Over the past decade, Fundo De Investimento Imobiliario Spx Syn Multiestrategia's PB Ratio has ranged from 0.74 to 1.02. According to the industry distribution chart, Fundo De Investimento Imobiliario Spx Syn Multiestrategia ranks #459 out of 929 companies in the REITs industry, placing it in the top 49.4%.
Is Fundo De Investimento Imobiliario Spx Syn Multiestrategia's PB Ratio too high?
Fundo De Investimento Imobiliario Spx Syn Multiestrategia's current PB Ratio of 0.86 is near median its 10-year median of 0.94. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 1.02. The REITs industry median PB Ratio is 0.86. Fundo De Investimento Imobiliario Spx Syn Multiestrategia's value of 0.86 is 0% at this industry median. Based on the distribution chart, Fundo De Investimento Imobiliario Spx Syn Multiestrategia ranks #459 out of 929 companies in the REITs industry, which is above the industry midpoint. Overall, Fundo De Investimento Imobiliario Spx Syn Multiestrategia has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does Fundo De Investimento Imobiliario Spx Syn Multiestrategia's PB Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Fundo De Investimento Imobiliario Spx Syn Multiestrategia ranks #459 out of 929 companies for PB Ratio. This puts Fundo De Investimento Imobiliario Spx Syn Multiestrategia in the upper half of its industry. The industry median PB Ratio is 0.86. Fundo De Investimento Imobiliario Spx Syn Multiestrategia's value of 0.86 is 0% at this benchmark. Historically, Fundo De Investimento Imobiliario Spx Syn Multiestrategia's own PB Ratio has ranged from 0.74 to 1.02 over the past decade. While the company's 10-year median is 0.94 vs. the industry median of 0.86, Fundo De Investimento Imobiliario Spx Syn Multiestrategia has consistently been at 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 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. Fundo De Investimento Imobiliario Spx Syn Multiestrategia's current PB Ratio of 0.86 is 0% at 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 Spx Syn Multiestrategia 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. Fundo De Investimento Imobiliario Spx Syn Multiestrategia's current PB Ratio is 0.86, which is near median its own 10-year median of 0.94. 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 Spx Syn Multiestrategia stock overvalued right now?
Fundo De Investimento Imobiliario Spx Syn Multiestrategia (BSP:SPXS11) has a current PB Ratio of 0.86. The current PB Ratio is 0.86, which is near median its 10-year median of 0.94 and 0% at the REITs industry median of 0.86. Fundo De Investimento Imobiliario Spx Syn Multiestrategia's overall GF Score™ is 27/100 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 Fundo De Investimento Imobiliario Spx Syn Multiestrategia (BSP:SPXS11), the current PB Ratio is 0.86 as of Jul. 12, 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.

Fundo De Investimento Imobiliario Spx Syn Multiestrategia Business Description

Industry Real EstateREITs
Address PRAIA DE BOTAFOGO, 501 - 6th Floor, Botafogo, Rio de Janeiro, RJ, BRA, 22250040
Fundo De Investimento Imobiliario SPX Syn Multiestrategia is a closed-end real estate investment fund. The fund's goal is to generate income and/or capital gains, as well as to provide shareholders with appreciation of their shares through investment and, when applicable, divestment, in various asset classes.
27GF Score

Get the complete analysis for BSP:SPXS11

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

R$8.06
Price