Fundo DE Investimento Imobiliario Votorantim Shopping (BSP:VSHO11) ROE % Adjusted to Book Value: 28.30% (As of Jun. 2025)

Author: Vera Yuan Vera Yuan
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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:VSHO11 Fundo DE Investimento Imobiliario Votorantim Shopping BSP:VSHO11
78 GF Score
Price R$73.77
GF Value R$86.53
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Fundo DE Investimento Imobiliario Votorantim Shopping ROE % Adjusted to Book Value?

Fundo DE Investimento Imobiliario Votorantim Shopping BSP:VSHO11 -0.50% 78 ROE % Adjusted to Book Value is 28.30% as of Jun. 2025. GuruFocus rates BSP:VSHO11 with a GF Score™ of 78/100 and a GF Value™ of R$86.53 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Fundo DE Investimento Imobiliario Votorantim Shopping's ROE % for the quarter that ended in Jun. 2025 was 17.83%. Fundo DE Investimento Imobiliario Votorantim Shopping's PB Ratio for the quarter that ended in Jun. 2025 was 0.63. Fundo DE Investimento Imobiliario Votorantim Shopping's ROE % Adjusted to Book Value for the quarter that ended in Jun. 2025 was 28.30%.


Fundo DE Investimento Imobiliario Votorantim Shopping ROE % Adjusted to Book Value Related Terms


Fundo DE Investimento Imobiliario Votorantim Shopping ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Fundo DE Investimento Imobiliario Votorantim Shopping'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.

Fundo DE Investimento Imobiliario Votorantim Shopping ROE % Adjusted to Book Value Chart

Fundo DE Investimento Imobiliario Votorantim Shopping Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial 6.16 5.95 12.47 15.96 28.30

Fundo DE Investimento Imobiliario Votorantim Shopping Semi-Annual Data
Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
ROE % Adjusted to Book Value Get a 7-Day Free Trial 6.16 5.95 12.47 15.96 28.30

BSP:VSHO11 vs SPG, O, KIM: ROE % Adjusted to Book Value Comparison

For the REIT - Retail subindustry, Fundo DE Investimento Imobiliario Votorantim Shopping'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.


Fundo DE Investimento Imobiliario Votorantim Shopping ROE % Adjusted to Book Value vs REITs Industry

For the REITs industry and Real Estate sector, Fundo DE Investimento Imobiliario Votorantim Shopping's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Fundo DE Investimento Imobiliario Votorantim Shopping's ROE % Adjusted to Book Value falls into.


BSP:VSHO11
78GF Score
Fundo DE Investimento Imobiliario Votorantim Shopping BSP:VSHO11
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fundo DE Investimento Imobiliario Votorantim Shopping ROE % Adjusted to Book Value Calculation

Fundo DE Investimento Imobiliario Votorantim Shopping's ROE % Adjusted to Book Value for the fiscal year that ended in Jun. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=17.83% / 0.63
=28.30%

Fundo DE Investimento Imobiliario Votorantim Shopping's ROE % Adjusted to Book Value for the quarter that ended in Jun. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=17.83% / 0.63
=28.30%

* 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 28.30% mean?
Fundo DE Investimento Imobiliario Votorantim Shopping (BSP:VSHO11) has a ROE % Adjusted to Book Value of 28.30% as of Jun. 2025. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Fundo DE Investimento Imobiliario Votorantim Shopping and its competitors.
Is Fundo DE Investimento Imobiliario Votorantim Shopping's ROE % Adjusted to Book Value too high?
Fundo DE Investimento Imobiliario Votorantim Shopping's current ROE % Adjusted to Book Value is 28.30%. Overall, Fundo DE Investimento Imobiliario Votorantim Shopping has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fundo DE Investimento Imobiliario Votorantim Shopping's ROE % Adjusted to Book Value compare to SPG and O?
Fundo DE Investimento Imobiliario Votorantim Shopping's ROE % Adjusted to Book Value of 28.30% 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 Fundo DE Investimento Imobiliario Votorantim Shopping and its competitors. Fundo DE Investimento Imobiliario Votorantim Shopping's current ROE % Adjusted to Book Value is 28.30%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fundo DE Investimento Imobiliario Votorantim Shopping stock overvalued right now?
Based on GuruFocus' analysis, Fundo DE Investimento Imobiliario Votorantim Shopping (BSP:VSHO11) is currently considered Modestly Undervalued. The stock's GF Value™ is R$86.53, compared to a current price of R$73.77 — trading 14.7% below its estimated fair value. The current ROE % Adjusted to Book Value is 28.30%. Fundo DE Investimento Imobiliario Votorantim Shopping's overall GF Score™ is 78/100 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 Fundo DE Investimento Imobiliario Votorantim Shopping (BSP:VSHO11), the current ROE % Adjusted to Book Value is 28.30% 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 Fundo DE Investimento Imobiliario Votorantim Shopping (BSP:VSHO11) Overvalued in 2026?

Based on GuruFocus' analysis, Fundo DE Investimento Imobiliario Votorantim Shopping stock appears to be undervalued. The current stock price of R$73.77 is trading 14.7% below its estimated GF Value™ of R$86.53. GuruFocus considers Fundo DE Investimento Imobiliario Votorantim Shopping to be Modestly Undervalued.

Key valuation signals for BSP:VSHO11:

  • ROE % Adjusted to Book Value: 28.30%
  • GF Value™: R$86.53 vs. price of R$73.77 (14.7% below fair value)
  • GF Score™: 78/100 with 2 warning signs

No single metric tells the full story. See the BSP:VSHO11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fundo DE Investimento Imobiliario Votorantim Shopping Business Description

Industry Real EstateREITs
Address Avenida FARIA LIMA, 4300, 7th Floor, Sao Paulo, SP, BRA, 4538132
Fundo DE Investimento Imobiliario Votorantim Shopping is a closed-end fund with an indefinite term, divided into registered, book-entry shares that correspond to ideal fractions of its assets. The fund's objective is to provide shareholders with returns on their investment through the partial or total acquisition of real estate, real rights over real estate, including shares, units of special purpose entities or units of real estate investment funds, for the purpose of commercial exploitation of real estate ventures related to shopping centers and related activities, such as strip malls, outlets or power centers.
78GF Score

Get the complete analysis for BSP:VSHO11

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

R$73.77
Price
R$86.53
GF Value