Fundo Invest Imobiliario FII Btg Pactualorate Office Fund (BSP:BRCR11) PE Ratio: 23.32 (As of Jul. 16, 2026) — 33% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:BRCR11 Fundo Invest Imobiliario FII Btg Pactual Corporate Office Fund BSP:BRCR11
73 GF Score
Price R$41.00
GF Value R$46.17
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Fundo Invest Imobiliario FII Btg Pactualorate Office Fund PE Ratio?

Fundo Invest Imobiliario FII Btg Pactualorate Office Fund BSP:BRCR11 +1.74% 73 PE Ratio is 23.32 as of Jul. 16, 2026, which is 33% above its 10-year median of 17.57. GuruFocus rates BSP:BRCR11 with a GF Score™ of 73/100 and a GF Value™ of R$46.17 (Modestly Undervalued). The stock has 6 warning signs investors should review.

The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2026-07-16), Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's share price is R$41.00. Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was R$1.76. Therefore, Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's PE Ratio for today is 23.32.

Good Sign:

Fundo Invest Imobiliario FII Btg Pactual Corporate Office Fund stock PE Ratio (=10.19) is close to 3-year low of 10.19.

During the past 13 years, Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's highest PE Ratio was 69.79. The lowest was 4.00. And the median was 17.57.

Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's EPS (Diluted) for the three months ended in Dec. 2025 was R$0.00. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was R$1.76.

As of today (2026-07-16), Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's share price is R$41.00. Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 was R$1.60. Therefore, Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's PE Ratio without NRI ratio for today is 25.67.

During the past 13 years, Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's highest PE Ratio without NRI was 271.02. The lowest was 4.06. And the median was 18.26.

Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's EPS without NRI for the three months ended in Dec. 2025 was R$0.00. Its EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 was R$1.60.

During the past 12 months, Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's average EPS without NRI Growth Rate was 121.70% per year.

During the past 13 years, Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's highest 3-Year average EPS without NRI Growth Rate was 47.80% per year. The lowest was -32.90% per year. And the median was -19.10% per year.

Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's EPS (Basic) for the three months ended in Dec. 2025 was R$0.00. Its EPS (Basic) for the trailing twelve months (TTM) ended in Dec. 2025 was R$1.76.

Back to Basics: PE Ratio


Fundo Invest Imobiliario FII Btg Pactualorate Office Fund  (BSP:BRCR11) PE Ratio Explanation

The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.

In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.

If a company loses money, the PE Ratio becomes meaningless.

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.

Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.

Similar to the PE Ratio without NRI or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratios are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio.

PE Ratio can also be affected by non-recurring-items such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio.


Fundo Invest Imobiliario FII Btg Pactualorate Office Fund PE Ratio Related Terms


Fundo Invest Imobiliario FII Btg Pactualorate Office Fund PE Ratio Historical Data

* Premium members only.

The historical data trend for Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's PE 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 Invest Imobiliario FII Btg Pactualorate Office Fund PE Ratio Chart

Fundo Invest Imobiliario FII Btg Pactualorate Office Fund Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.36 At Loss 15.98 20.06 11.47

Fundo Invest Imobiliario FII Btg Pactualorate Office Fund Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Dec25
PE Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.89 18.71 20.06 22.75 11.47

BSP:BRCR11 vs BXP, ARE, VNO: PE Ratio Comparison

For the REIT - Office subindustry, Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's PE Ratio, along with its competitors' market caps and PE 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 Invest Imobiliario FII Btg Pactualorate Office Fund PE Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's PE Ratio distribution charts can be found below:

* The bar in red indicates where Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's PE Ratio falls into.


BSP:BRCR11
73GF Score
Fundo Invest Imobiliario FII Btg Pactual Corporate Office Fund BSP:BRCR11
PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fundo Invest Imobiliario FII Btg Pactualorate Office Fund PE Ratio Calculation

The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.

Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's PE Ratio for today is calculated as

PE Ratio=Share Price/Earnings per Share (Diluted) (TTM)
=41.00/1.758
=23.32

Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's Share Price of today is R$41.00.
Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was R$1.76.


* 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:


There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio, Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the calculation of PE Ratio, the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.

Frequently Asked Questions Learn more about PE Ratio →
What does a PE Ratio of 23.32 mean?
Fundo Invest Imobiliario FII Btg Pactualorate Office Fund (BSP:BRCR11) has a PE Ratio of 23.32 as of Jul. 16, 2026. P/E ratio is the ratio of share price to a company's earnings per share. View historical data on Fundo Invest Imobiliario FII Btg Pactualorate Office Fund and its competitors. This is 33% above median its historical median of 17.57. Over the past decade, Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's PE Ratio has ranged from 4.00 to 69.79.
Is Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's PE Ratio too high?
Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's current PE Ratio of 23.32 is 33% above median its 10-year median of 17.57. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 69.79. Overall, Fundo Invest Imobiliario FII Btg Pactualorate Office Fund has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's PE Ratio compare to BXP and ARE?
Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's PE Ratio of 23.32 can be compared against companies in the REITs industry. Historically, Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's own PE Ratio has ranged from 4.00 to 69.79 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PE Ratio for a REITs company?
A good PE Ratio depends on the REITs industry context. However, PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PE Ratio mean?
A high PE Ratio can signal that a stock is expensive relative to its fundamentals. P/E ratio is the ratio of share price to a company's earnings per share. View historical data on Fundo Invest Imobiliario FII Btg Pactualorate Office Fund and its competitors. Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's current PE Ratio is 23.32, which is 33% above median its own 10-year median of 17.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fundo Invest Imobiliario FII Btg Pactualorate Office Fund stock overvalued right now?
Based on GuruFocus' analysis, Fundo Invest Imobiliario FII Btg Pactualorate Office Fund (BSP:BRCR11) is currently considered Modestly Undervalued. The stock's GF Value™ is R$46.17, compared to a current price of R$41.00 — trading 11.2% below its estimated fair value. The current PE Ratio is 23.32, which is 33% above median its 10-year median of 17.57. Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's overall GF Score™ is 73/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PE Ratio calculated?
PE Ratio is calculated from a company's financial statements. For Fundo Invest Imobiliario FII Btg Pactualorate Office Fund (BSP:BRCR11), the current PE Ratio is 23.32 as of Jul. 16, 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 Invest Imobiliario FII Btg Pactualorate Office Fund (BSP:BRCR11) Overvalued in 2026?

Based on GuruFocus' analysis, Fundo Invest Imobiliario FII Btg Pactualorate Office Fund stock appears to be undervalued. The current stock price of R$41.00 is trading 11.2% below its estimated GF Value™ of R$46.17. GuruFocus considers Fundo Invest Imobiliario FII Btg Pactualorate Office Fund to be Modestly Undervalued.

Key valuation signals for BSP:BRCR11:

  • PE Ratio: 23.32 (33% above median its 10-year median of 17.57)
  • GF Value™: R$46.17 vs. price of R$41.00 (11.2% below fair value)
  • GF Score™: 73/100 with 6 warning signs

No single metric tells the full story. See the BSP:BRCR11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fundo Invest Imobiliario FII Btg Pactualorate Office Fund Business Description

Industry Real EstateREITs
Address N/I PRAIA DE BOTAFOGO 501, 5th FLOOR, RIO DE JANEIRO, RJ, BRA, CEP 22250040
Fundo Invest Imobiliario FII Btg Pactual Corporate Office Fund seeks to invest in real estate developments by acquiring the following assets: commercial properties, completed or under construction, or other types of properties where commercial developments may be established, rights related to properties, for the purpose of sale, rent or lease, in addition to other Target Assets listed in the Fund's regulation.
73GF Score

Get the complete analysis for BSP:BRCR11

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

R$41.00
Price
R$46.17
GF Value