Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario (BSP:PNDL11) Pretax Margin %: -576.47% (As of Dec. 2025)

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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BSP:PNDL11 Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario BSP:PNDL11
7 GF Score
Price R$160.00
GF Value R$642.80
! 2 Warning Signs
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What is Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario Pretax Margin %?

Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario BSP:PNDL11 7 Pretax Margin % is -576.47% as of Dec. 2025. GuruFocus rates BSP:PNDL11 with a GF Score™ of 7/100 and a GF Value™ of R$642.80. The stock has 2 warning signs investors should review.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's Pre-Tax Income for the six months ended in Dec. 2025 was R$-8.23 Mil. Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's Revenue for the six months ended in Dec. 2025 was R$1.43 Mil. Therefore, Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's pretax margin for the quarter that ended in Dec. 2025 was -576.47%.

The historical rank and industry rank for Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's Pretax Margin % or its related term are showing as below:

BSP:PNDL11' s Pretax Margin % Range Over the Past 10 Years
Min: -576.47   Med: -227.04   Max: 8.39
Current: -576.47


BSP:PNDL11's Pretax Margin % is not ranked
in the REITs industry.
Industry Median: 46.93 vs BSP:PNDL11: -576.47

Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario  (BSP:PNDL11) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario Pretax Margin % Related Terms


Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario Pretax Margin % Historical Data

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The historical data trend for Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's Pretax Margin % 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.

Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario Pretax Margin % Chart

Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Pretax Margin %
-147.10 8.39 -306.98 -576.47

Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario Semi-Annual Data
Dec22 Dec23 Dec24 Dec25
Pretax Margin % -147.10 8.39 -306.98 -576.47

BSP:PNDL11 vs VICI, WPC: Pretax Margin % Comparison

For the REIT - Diversified subindustry, Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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.


Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario Pretax Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's Pretax Margin % falls into.


BSP:PNDL11
7GF Score
Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario BSP:PNDL11
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's Pretax Margin for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=-8.232/1.428
=-576.47 %

Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's Pretax Margin for the quarter that ended in Dec. 2025 is calculated as

Pretax Margin=Pre-Tax Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=-8.232/1.428
=-576.47 %

* 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.

Frequently Asked Questions Learn more about Pretax Margin % →
What does a Pretax Margin % of -576.47% mean?
Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario (BSP:PNDL11) has a Pretax Margin % of -576.47% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario and its competitors.
Is Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's Pretax Margin % too high?
Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's current Pretax Margin % is -576.47%. 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 Pretax Margin % compare to VICI and WPC?
Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's Pretax Margin % of -576.47% can be compared against companies in the REITs industry. The industry median Pretax Margin % is 46.93. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a REITs company?
The median Pretax Margin % among REITs companies is 46.93, based on 923 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario and its competitors. For the REITs industry, the median Pretax Margin % is 46.93 — 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 Pretax Margin % is -576.47%. 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 Pretax Margin % of -576.47%. 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 Pretax Margin % is -576.47%. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario (BSP:PNDL11), the current Pretax Margin % is -576.47% as of Dec. 2025. 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:

  • Pretax Margin %: -576.47%
  • GF Value™: R$642.80 vs. price of R$160.00 (75.1% below fair value)
  • GF Score™: 7/100 with 2 warning signs

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

Industry Real EstateREITs
Address RUA ALVES GUIMARAES 1.212 - 1212, PINHEIROS, SP, BRA, 5410002
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.
7GF Score

Get the complete analysis for BSP:PNDL11

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

R$160.00
Price
R$642.80
GF Value