Fundo Investimento Imobiliario SC 401BSP:FISC11 71 ROC (Joel Greenblatt) % is 780.29% as of Dec. 2025, which is 22% above its 10-year median of 637.08. GuruFocus rates BSP:FISC11 with a GF Score™ of 71/100 and a GF Value™ of R$95.60 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 590 REITs companies, Fundo Investimento Imobiliario SC 401 ranks better than 71.86% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Fundo Investimento Imobiliario SC 401's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 780.29%.
BSP:FISC11'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -21332.04 Med: 637.08 Max: 10158.67
Current: 780.29
During the past 13 years, Fundo Investimento Imobiliario SC 401's highest ROC (Joel Greenblatt) % was 10158.67%. The lowest was -21332.04%. And the median was 637.08%.
BSP:FISC11's ROC (Joel Greenblatt) % is ranked better than 71.86% of 590
companies
in the REITs industry
Industry Median: 176.06
vs BSP:FISC11: 780.29
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
* 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.
BSP:FISC11 vs VICI, WPC: ROC (Joel Greenblatt) % Comparison
For the REIT - Diversified subindustry, Fundo Investimento Imobiliario SC 401's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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 Investimento Imobiliario SC 401 ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Fundo Investimento Imobiliario SC 401's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Fundo Investimento Imobiliario SC 401's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is one times the annual (Dec. 2025) EBIT 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.
What does a ROC (Joel Greenblatt) % of 780.29% mean?
Fundo Investimento Imobiliario SC 401 (BSP:FISC11) has a ROC (Joel Greenblatt) % of 780.29% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Fundo Investimento Imobiliario SC 401 and its competitors. This is 22% above median its historical median of 637.08. According to the industry distribution chart, Fundo Investimento Imobiliario SC 401 ranks #166 out of 590 companies in the REITs industry, placing it in the top 28.1%.
Is Fundo Investimento Imobiliario SC 401's ROC (Joel Greenblatt) % too high?
Fundo Investimento Imobiliario SC 401's current ROC (Joel Greenblatt) % of 780.29% is 22% above median its 10-year median of 637.08. The REITs industry median ROC (Joel Greenblatt) % is 176.06. Fundo Investimento Imobiliario SC 401's value of 780.29% is 343.2% above this industry median. Based on the distribution chart, Fundo Investimento Imobiliario SC 401 ranks #166 out of 590 companies in the REITs industry, which is above the industry midpoint. Overall, Fundo Investimento Imobiliario SC 401 has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fundo Investimento Imobiliario SC 401's ROC (Joel Greenblatt) % compare to VICI and WPC?
According to the REITs industry distribution chart, Fundo Investimento Imobiliario SC 401 ranks #166 out of 590 companies for ROC (Joel Greenblatt) %. This puts Fundo Investimento Imobiliario SC 401 in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 176.06. Fundo Investimento Imobiliario SC 401's value of 780.29% is 343.2% above this benchmark. While the company's 10-year median is 637.08 vs. the industry median of 176.06, Fundo Investimento Imobiliario SC 401 has consistently been above 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 ROC (Joel Greenblatt) % for a REITs company?
The median ROC (Joel Greenblatt) % among REITs companies is 176.06, based on 590 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fundo Investimento Imobiliario SC 401's current ROC (Joel Greenblatt) % of 780.29% is 343.2% above 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Fundo Investimento Imobiliario SC 401 and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 176.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fundo Investimento Imobiliario SC 401's current ROC (Joel Greenblatt) % is 780.29%, which is 22% above median its own 10-year median of 637.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fundo Investimento Imobiliario SC 401 stock overvalued right now?
Based on GuruFocus' analysis, Fundo Investimento Imobiliario SC 401 (BSP:FISC11) is currently considered Modestly Undervalued. The stock's GF Value™ is R$95.60, compared to a current price of R$68.25 — trading 28.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 780.29%, which is 22% above median its 10-year median of 637.08 and 343.2% above the REITs industry median of 176.06. Fundo Investimento Imobiliario SC 401's overall GF Score™ is 71/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Fundo Investimento Imobiliario SC 401 (BSP:FISC11), the current ROC (Joel Greenblatt) % is 780.29% 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 Fundo Investimento Imobiliario SC 401 (BSP:FISC11) Overvalued in 2026?
Based on GuruFocus' analysis, Fundo Investimento Imobiliario SC 401 stock appears to be undervalued.
The current stock price of R$68.25 is trading 28.6% below its estimated GF Value™ of R$95.60.
GuruFocus considers Fundo Investimento Imobiliario SC 401 to be Modestly Undervalued.
Key valuation signals for BSP:FISC11:
ROC (Joel Greenblatt) %: 780.29% (22% above median its 10-year median of 637.08)
GF Value™: R$95.60 vs. price of R$68.25 (28.6% below fair value)
Industry Position: 343.2% above the REITs median (#166 of 590)
No single metric tells the full story. See the BSP:FISC11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fundo Investimento Imobiliario SC 401 Business Description
Fundo Investimento Imobiliario SC 401 is a structured fund operated by UNITS BR-CAPITAL. The fund owns stores and office complexes for the lease of Square SC, a multipurpose development located in Florianopolis/SC, and Mall W Tower, a mall located in Caxias do Sul/RS. The fund owns stores and corporate offices in Square SC, in addition to owning the rotating parking lot and owns stores in the Mall W Tower and the rotating parking in the Mall.
71GF Score
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