Fundo DE Investimento Imobiliario BTG Pactual Shoppings (BSP:BPML11) Scaled Net Operating Assets: 0.60 (As of Jun. 2025)


BSP:BPML11 Fundo DE Investimento Imobiliario BTG Pactual Shoppings BSP:BPML11
58 GF Score
Price R$85.30
GF Value R$31.47
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Fundo DE Investimento Imobiliario BTG Pactual Shoppings Scaled Net Operating Assets?

Fundo DE Investimento Imobiliario BTG Pactual Shoppings BSP:BPML11 -0.86% 58 Scaled Net Operating Assets is 0.60 as of Jun. 2025. GuruFocus rates BSP:BPML11 with a GF Score™ of 58/100 and a GF Value™ of R$31.47 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Fundo DE Investimento Imobiliario BTG Pactual Shoppings's operating assets for the quarter that ended in Jun. 2025 was R$909.66 Mil. Fundo DE Investimento Imobiliario BTG Pactual Shoppings's operating liabilities for the quarter that ended in Jun. 2025 was R$206.05 Mil. Fundo DE Investimento Imobiliario BTG Pactual Shoppings's Total Assets for the quarter that ended in Jun. 2024 was R$1,165.64 Mil. Therefore, Fundo DE Investimento Imobiliario BTG Pactual Shoppings's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2025 was 0.60.


Fundo DE Investimento Imobiliario BTG Pactual Shoppings Scaled Net Operating Assets Historical Data

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The historical data trend for Fundo DE Investimento Imobiliario BTG Pactual Shoppings's Scaled Net Operating Assets 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 BTG Pactual Shoppings Scaled Net Operating Assets Chart

Fundo DE Investimento Imobiliario BTG Pactual Shoppings Annual Data
Trend Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.51 0.53 0.57 0.70 0.60

Fundo DE Investimento Imobiliario BTG Pactual Shoppings Semi-Annual Data
Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets Get a 7-Day Free Trial 0.51 0.53 0.57 0.70 0.60

BSP:BPML11 vs SPG, O, KIM: Scaled Net Operating Assets Comparison

For the REIT - Retail subindustry, Fundo DE Investimento Imobiliario BTG Pactual Shoppings's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 BTG Pactual Shoppings Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, Fundo DE Investimento Imobiliario BTG Pactual Shoppings's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Fundo DE Investimento Imobiliario BTG Pactual Shoppings's Scaled Net Operating Assets falls into.


BSP:BPML11
58GF Score
Fundo DE Investimento Imobiliario BTG Pactual Shoppings BSP:BPML11
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Fundo DE Investimento Imobiliario BTG Pactual Shoppings Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Fundo DE Investimento Imobiliario BTG Pactual Shoppings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2025 )
=(Operating Assets (A: Jun. 2025 )-Operating Liabilities (A: Jun. 2025 ))/Total Assets (A: Jun. 2024 )
=(909.663-206.05)/1165.636
=0.60

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1122.081 - 212.418
=909.663

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=206.05 - 0 - 0
=206.05

Fundo DE Investimento Imobiliario BTG Pactual Shoppings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2025 )
=(Operating Assets (Q: Jun. 2025 )-Operating Liabilities (Q: Jun. 2025 ))/Total Assets (Q: Jun. 2024 )
=(909.663-206.05)/1165.636
=0.60

where

Operating Assets(Q: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1122.081 - 212.418
=909.663

Operating Liabilities(Q: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=206.05 - 0 - 0
=206.05

* 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 Scaled Net Operating Assets of 0.60 mean?
Fundo DE Investimento Imobiliario BTG Pactual Shoppings (BSP:BPML11) has a Scaled Net Operating Assets of 0.60 as of Jun. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Fundo DE Investimento Imobiliario BTG Pactual Shoppings and its competitors.
Is Fundo DE Investimento Imobiliario BTG Pactual Shoppings' Scaled Net Operating Assets too high?
Fundo DE Investimento Imobiliario BTG Pactual Shoppings' current Scaled Net Operating Assets is 0.60. Overall, Fundo DE Investimento Imobiliario BTG Pactual Shoppings has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fundo DE Investimento Imobiliario BTG Pactual Shoppings' Scaled Net Operating Assets compare to SPG and O?
Fundo DE Investimento Imobiliario BTG Pactual Shoppings' Scaled Net Operating Assets of 0.60 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 Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Fundo DE Investimento Imobiliario BTG Pactual Shoppings and its competitors. Fundo DE Investimento Imobiliario BTG Pactual Shoppings's current Scaled Net Operating Assets is 0.60. 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 BTG Pactual Shoppings stock overvalued right now?
Based on GuruFocus' analysis, Fundo DE Investimento Imobiliario BTG Pactual Shoppings (BSP:BPML11) is currently considered Significantly Overvalued. The stock's GF Value™ is R$31.47, compared to a current price of R$85.30 — trading 171.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.60. Fundo DE Investimento Imobiliario BTG Pactual Shoppings' overall GF Score™ is 58/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Fundo DE Investimento Imobiliario BTG Pactual Shoppings (BSP:BPML11), the current Scaled Net Operating Assets is 0.60 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 BTG Pactual Shoppings (BSP:BPML11) Overvalued in 2026?

Based on GuruFocus' analysis, Fundo DE Investimento Imobiliario BTG Pactual Shoppings stock appears to be overvalued. The current stock price of R$85.30 is trading 171.1% above its estimated GF Value™ of R$31.47. GuruFocus considers Fundo DE Investimento Imobiliario BTG Pactual Shoppings to be Significantly Overvalued.

Key valuation signals for BSP:BPML11:

  • Scaled Net Operating Assets: 0.60
  • GF Value™: R$31.47 vs. price of R$85.30 (171.1% above fair value)
  • GF Score™: 58/100 with 4 warning signs

No single metric tells the full story. See the BSP:BPML11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fundo DE Investimento Imobiliario BTG Pactual Shoppings Business Description

Industry Real EstateREITs
Address PRAIA DE BOTAFOGO, 501, 6th Floor, Rio de Janeiro, RJ, BRA, 22250040
Fundo DE Investimento Imobiliario BTG Pactual Shoppings is a closed-end fund. The purpose of this asset class is to provide shareholders with appreciation and profitability of their shares, through investment in real estate ventures, through the acquisition of completed and constructed real estate developments, land, or buildings under construction, intended for institutional use or commercial.
58GF Score

Get the complete analysis for BSP:BPML11

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$85.30
Price
R$31.47
GF Value