Real Estate Fund -Fundo De Investimento Imobiliario (BSP:ZAVI11) ROC %: 6.06% (As of Jun. 2025)


BSP:ZAVI11 Real Estate Fund -Fundo De Investimento Imobiliario BSP:ZAVI11
57 GF Score
Price R$9.63
GF Value R$19.40
Valuation Possible Value Trap
! 2 Warning Signs
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What is Real Estate Fund -Fundo De Investimento Imobiliario ROC %?

Real Estate Fund -Fundo De Investimento Imobiliario BSP:ZAVI11 +0.94% 57 ROC % is 6.06% as of Jun. 2025. GuruFocus rates BSP:ZAVI11 with a GF Score™ of 57/100 and a GF Value™ of R$19.40 (Possible Value Trap). 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 %. Real Estate Fund -Fundo De Investimento Imobiliario's annualized return on capital (ROC %) for the quarter that ended in Jun. 2025 was 6.06%.

As of today (2026-06-29), Real Estate Fund -Fundo De Investimento Imobiliario's WACC % is 6.45%. Real Estate Fund -Fundo De Investimento Imobiliario's ROC % is 6.06% (calculated using TTM income statement data). Real Estate Fund -Fundo De Investimento Imobiliario earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Real Estate Fund -Fundo De Investimento Imobiliario  (BSP:ZAVI11) 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, Real Estate Fund -Fundo De Investimento Imobiliario's WACC % is 6.45%. Real Estate Fund -Fundo De Investimento Imobiliario's ROC % is 6.06% (calculated using TTM income statement data). Real Estate Fund -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.

Real Estate Fund -Fundo De Investimento Imobiliario ROC % Related Terms

Real Estate Fund -Fundo De Investimento Imobiliario ROC % Historical Data

* Premium members only.

The historical data trend for Real Estate Fund -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.

Real Estate Fund -Fundo De Investimento Imobiliario ROC % Chart

Real Estate Fund -Fundo De Investimento Imobiliario Annual Data
Trend Jun22 Jun23 Jun24 Jun25
ROC %
0.94 6.95 6.05 6.06

Real Estate Fund -Fundo De Investimento Imobiliario Semi-Annual Data
Jun22 Jun23 Jun24 Jun25
ROC % 0.94 6.95 6.05 6.06
BSP:ZAVI11
57GF Score
Real Estate Fund -Fundo De Investimento Imobiliario BSP:ZAVI11
ROC % is just one metric. See GF Score™, valuation, warning signs, and more.
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Real Estate Fund -Fundo De Investimento Imobiliario ROC % Calculation

Real Estate Fund -Fundo De Investimento Imobiliario's annualized Return on Capital (ROC %) for the fiscal year that ended in Jun. 2025 is calculated as:

ROC % (A: Jun. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Jun. 2024 ) + Invested Capital (A: Jun. 2025 ))/ count )
=14.098 * ( 1 - 0% )/( (231.966 + 233.629)/ 2 )
=14.098/232.7975
=6.06 %

where

Invested Capital(A: Jun. 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))
=250.738 - 89.391 - ( 12.554 - max(0, 89.391 - 18.772+12.554))
=231.966

Invested Capital(A: Jun. 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))
=249.414 - 85.521 - ( 11.178 - max(0, 85.521 - 15.785+11.178))
=233.629

Real Estate Fund -Fundo De Investimento Imobiliario's annualized Return on Capital (ROC %) for the quarter that ended in Jun. 2025 is calculated as:

ROC % (Q: Jun. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Jun. 2025 ))/ count )
=14.098 * ( 1 - 0% )/( (231.966 + 233.629)/ 2 )
=14.098/232.7975
=6.06 %

where

Invested Capital(Q: Jun. 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))
=250.738 - 89.391 - ( 12.554 - max(0, 89.391 - 18.772+12.554))
=231.966

Invested Capital(Q: Jun. 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))
=249.414 - 85.521 - ( 11.178 - max(0, 85.521 - 15.785+11.178))
=233.629

Note: The Operating Income data used here is one times the annual (Jun. 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 6.06% mean?
Real Estate Fund -Fundo De Investimento Imobiliario (BSP:ZAVI11) has a ROC % of 6.06% as of Jun. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Real Estate Fund -Fundo De Investimento Imobiliario and its competitors.
Is Real Estate Fund -Fundo De Investimento Imobiliario's ROC % too high?
Real Estate Fund -Fundo De Investimento Imobiliario's current ROC % is 6.06%. The REITs industry median ROC % is 3.75. Real Estate Fund -Fundo De Investimento Imobiliario's value of 6.06% is 61.8% above this industry median. Overall, Real Estate Fund -Fundo De Investimento Imobiliario has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Real Estate Fund -Fundo De Investimento Imobiliario's ROC % compare to VICI and WPC?
Real Estate Fund -Fundo De Investimento Imobiliario's ROC % of 6.06% can be compared against companies in the REITs industry. The industry median ROC % is 3.75. Real Estate Fund -Fundo De Investimento Imobiliario's value of 6.06% is 61.8% above this benchmark. 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 3.75, based on 748 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. Real Estate Fund -Fundo De Investimento Imobiliario's current ROC % of 6.06% is 61.8% 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 % 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 Real Estate Fund -Fundo De Investimento Imobiliario and its competitors. For the REITs industry, the median ROC % is 3.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Real Estate Fund -Fundo De Investimento Imobiliario's current ROC % is 6.06%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Real Estate Fund -Fundo De Investimento Imobiliario stock overvalued right now?
Based on GuruFocus' analysis, Real Estate Fund -Fundo De Investimento Imobiliario (BSP:ZAVI11) is currently considered Possible Value Trap. The stock's GF Value™ is R$19.40, compared to a current price of R$9.63 — trading 50.4% below its estimated fair value. The current ROC % is 6.06% and 61.8% above the REITs industry median of 3.75. Real Estate Fund -Fundo De Investimento Imobiliario's overall GF Score™ is 57/100 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 Real Estate Fund -Fundo De Investimento Imobiliario (BSP:ZAVI11), the current ROC % is 6.06% as of Jun. 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 Real Estate Fund -Fundo De Investimento Imobiliario (BSP:ZAVI11) Overvalued in 2026?

Based on GuruFocus' analysis, Real Estate Fund -Fundo De Investimento Imobiliario stock appears to be undervalued. The current stock price of R$9.63 is trading 50.4% below its estimated GF Value™ of R$19.40. GuruFocus considers Real Estate Fund -Fundo De Investimento Imobiliario to be Possible Value Trap.

Key valuation signals for BSP:ZAVI11:

  • ROC %: 6.06%
  • GF Value™: R$19.40 vs. price of R$9.63 (50.4% below fair value)
  • GF Score™: 57/100 with 2 warning signs
  • Industry Position: 61.8% above the REITs median

No single metric tells the full story. See the BSP:ZAVI11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Real Estate Fund -Fundo De Investimento Imobiliario Business Description

Industry Real EstateREITs
Address RUA GILBERTO SABINO - 215 - CONJUNTO 41, SALA 2, PINHEIROS, SP, BRA, 5425020
Real Estate Fund -Fundo De Investimento Imobiliario is a closed-end fund. The fund's objective is to provide shareholders with appreciation and profitability of their shares predominantly through investments.
57GF Score

Get the complete analysis for BSP:ZAVI11

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

R$9.63
Price
R$19.40
GF Value