Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario (BSP:PNDL11) ROE % Adjusted to Book Value: -4.64% (As of Dec. 2025)

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Founder & CEO of GuruFocus
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: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 ROE % Adjusted to Book Value?

Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario BSP:PNDL11 7 ROE % Adjusted to Book Value is -4.64% 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.

Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's ROE % for the quarter that ended in Dec. 2025 was -5.52%. Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's PB Ratio for the quarter that ended in Dec. 2025 was 1.19. Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 was -4.64%.


Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario ROE % Adjusted to Book Value Related Terms


Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario ROE % Adjusted to Book Value Historical Data

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The historical data trend for Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario'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.

Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario ROE % Adjusted to Book Value Chart

Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario Annual Data
Trend Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
0.00 0.20 -1.54 -4.64

Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario Semi-Annual Data
Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value 0.00 0.20 -1.54 -4.64

BSP:PNDL11 vs VICI, WPC: ROE % Adjusted to Book Value Comparison

For the REIT - Diversified subindustry, Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario'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.


Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario ROE % Adjusted to Book Value vs REITs Industry

For the REITs industry and Real Estate sector, Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's ROE % Adjusted to Book Value falls into.


BSP:PNDL11
7GF Score
Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario BSP:PNDL11
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario ROE % Adjusted to Book Value Calculation

Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario'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
=-5.52% / 1.19
=-4.64%

Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario'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
=-5.52% / 1.19
=-4.64%

* 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 -4.64% mean?
Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario (BSP:PNDL11) has a ROE % Adjusted to Book Value of -4.64% 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 Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario and its competitors.
Is Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's ROE % Adjusted to Book Value too high?
Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's current ROE % Adjusted to Book Value is -4.64%. 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 ROE % Adjusted to Book Value compare to VICI and WPC?
Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's ROE % Adjusted to Book Value of -4.64% 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 Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario and its competitors. Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario's current ROE % Adjusted to Book Value is -4.64%. 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 ROE % Adjusted to Book Value of -4.64%. 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 ROE % Adjusted to Book Value is -4.64%. 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 ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Panorama Desenvolvimento Logistico - Fundo De Investimento Imobiliario (BSP:PNDL11), the current ROE % Adjusted to Book Value is -4.64% 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:

  • ROE % Adjusted to Book Value: -4.64%
  • 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

ROE % Adjusted to Book Value 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