Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII (BSP:HCHG11) ROE % Adjusted to Book Value: 14.32% (As of Dec. 2025)

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Director of Data and Quant Analytics at GuruFocus
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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:HCHG11 Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII BSP:HCHG11
45 GF Score
Price R$61.98
GF Value R$85.96
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII ROE % Adjusted to Book Value?

Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII BSP:HCHG11 45 ROE % Adjusted to Book Value is 14.32% as of Dec. 2025. GuruFocus rates BSP:HCHG11 with a GF Score™ of 45/100 and a GF Value™ of R$85.96 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's ROE % for the quarter that ended in Dec. 2025 was 12.03%. Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's PB Ratio for the quarter that ended in Dec. 2025 was 0.84. Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 was 14.32%.


Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII ROE % Adjusted to Book Value Related Terms


Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII ROE % Adjusted to Book Value Historical Data

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The historical data trend for Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's ROE % Adjusted to Book Value 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.

Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII ROE % Adjusted to Book Value Chart

Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
0.00 18.89 10.90 5.07 14.32

Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII Semi-Annual Data
Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value 0.00 18.89 10.90 5.07 14.32

BSP:HCHG11 vs VICI, WPC: ROE % Adjusted to Book Value Comparison

For the REIT - Diversified subindustry, Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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.


Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII ROE % Adjusted to Book Value vs REITs Industry

For the REITs industry and Real Estate sector, Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's ROE % Adjusted to Book Value falls into.


BSP:HCHG11
45GF Score
Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII BSP:HCHG11
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII ROE % Adjusted to Book Value Calculation

Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=12.03% / 0.84
=14.32%

Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=12.03% / 0.84
=14.32%

* 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 ROE % Adjusted to Book Value of 14.32% mean?
Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII (BSP:HCHG11) has a ROE % Adjusted to Book Value of 14.32% as of Dec. 2025. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII and its competitors.
Is Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's ROE % Adjusted to Book Value too high?
Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's current ROE % Adjusted to Book Value is 14.32%. Overall, Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII has a GF Score™ of 45/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's ROE % Adjusted to Book Value compare to VICI and WPC?
Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's ROE % Adjusted to Book Value of 14.32% can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a REITs company?
A good ROE % Adjusted to Book Value depends on the REITs industry context. However, ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII and its competitors. Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's current ROE % Adjusted to Book Value is 14.32%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII stock overvalued right now?
Based on GuruFocus' analysis, Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII (BSP:HCHG11) is currently considered Modestly Undervalued. The stock's GF Value™ is R$85.96, compared to a current price of R$61.98 — trading 27.9% below its estimated fair value. The current ROE % Adjusted to Book Value is 14.32%. Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's overall GF Score™ is 45/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII (BSP:HCHG11), the current ROE % Adjusted to Book Value is 14.32% 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 Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII (BSP:HCHG11) Overvalued in 2026?

Based on GuruFocus' analysis, Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII stock appears to be undervalued. The current stock price of R$61.98 is trading 27.9% below its estimated GF Value™ of R$85.96. GuruFocus considers Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII to be Modestly Undervalued.

Key valuation signals for BSP:HCHG11:

  • ROE % Adjusted to Book Value: 14.32%
  • GF Value™: R$85.96 vs. price of R$61.98 (27.9% below fair value)
  • GF Score™: 45/100 with 2 warning signs

No single metric tells the full story. See the BSP:HCHG11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII Business Description

Industry Real EstateREITs
Address Rua Gilberto Sabino, 215, 4th floor, Pinheiros, Sao Paulo, SP, BRA, 5425020
Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII is a real estate fund that seeks to provide shareholders with the appreciation and profitability of their Shares in the long term, through investments in real estate assets, earning income and capital gains from them.
45GF Score

Get the complete analysis for BSP:HCHG11

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

R$61.98
Price
R$85.96
GF Value