Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario (BSP:PNDL11) ROC %: -0.72% (As of Dec. 2025)

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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 ROC %?

Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario BSP:PNDL11 7 ROC % is -0.72% 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.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was -0.72%.

As of today (2026-07-18), Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's WACC % is 6.74%. Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's ROC % is -0.72% (calculated using TTM income statement data). Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario earns returns that do not match up to its cost of capital. It will destroy value as it grows.

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

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's WACC % is 6.74%. Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's ROC % is -0.72% (calculated using TTM income statement data). Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario ROC % Related Terms

Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario ROC % Historical Data

* Premium members only.

The historical data trend for Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's ROC % 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 ROC % Chart

Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario Annual Data
Trend Dec22 Dec23 Dec24 Dec25
ROC %
-1.39 0.13 -1.68 -0.72

Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario Semi-Annual Data
Dec22 Dec23 Dec24 Dec25
ROC % -1.39 0.13 -1.68 -0.72
BSP:PNDL11
7GF Score
Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario BSP:PNDL11
ROC % is just one metric. See GF Score™, valuation, warning signs, and more.
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Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario ROC % Calculation

Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2025 is calculated as:

ROC % (A: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2024 ) + Invested Capital (A: Dec. 2025 ))/ count )
=-1.051 * ( 1 - 0% )/( (148.482 + 143.003)/ 2 )
=-1.051/145.7425
=-0.72 %

where

Invested Capital(A: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=159.849 - 0 - ( 11.516 - max(0, 0.149 - 11.516+11.516))
=148.482

Invested Capital(A: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=152.377 - 0 - ( 9.529 - max(0, 0.155 - 9.529+9.529))
=143.003

Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2024 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=-1.051 * ( 1 - 0% )/( (148.482 + 143.003)/ 2 )
=-1.051/145.7425
=-0.72 %

where

Invested Capital(Q: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=159.849 - 0 - ( 11.516 - max(0, 0.149 - 11.516+11.516))
=148.482

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=152.377 - 0 - ( 9.529 - max(0, 0.155 - 9.529+9.529))
=143.003

Note: The Operating Income data used here is one times the annual (Dec. 2025) data. The tax rate is limited to between 0% and 100%.

* 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 ROC % →
What does a ROC % of -0.72% mean?
Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario (BSP:PNDL11) has a ROC % of -0.72% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario and its competitors.
Is Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's ROC % too high?
Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's current ROC % is -0.72%. 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 ROC % compare to VICI and WPC?
Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's ROC % of -0.72% can be compared against companies in the REITs industry. The industry median ROC % is 3.76. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a REITs company?
The median ROC % among REITs companies is 3.76, based on 741 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % 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 ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario and its competitors. For the REITs industry, the median ROC % is 3.76 — 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 ROC % is -0.72%. 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 ROC % of -0.72%. 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 ROC % is -0.72%. 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 ROC % calculated?
ROC % is calculated from a company's financial statements. For Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario (BSP:PNDL11), the current ROC % is -0.72% 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:

  • ROC %: -0.72%
  • 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

ROC % 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