HBR Realty Empreendimentos Imobiliarios (BSP:HBRE3) Scaled Net Operating Assets: 0.78 (As of Mar. 2026)


BSP:HBRE3 HBR Realty Empreendimentos Imobiliarios SA BSP:HBRE3
66 GF Score
Price R$2.63
GF Value R$16.55
Valuation Possible Value Trap
! 7 Warning Signs
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What is HBR Realty Empreendimentos Imobiliarios Scaled Net Operating Assets?

HBR Realty Empreendimentos Imobiliarios BSP:HBRE3 -3.31% 66 Scaled Net Operating Assets is 0.78 as of Mar. 2026. GuruFocus rates BSP:HBRE3 with a GF Score™ of 66/100 and a GF Value™ of R$16.55 (Possible Value Trap). The stock has 7 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.

HBR Realty Empreendimentos Imobiliarios's operating assets for the quarter that ended in Mar. 2026 was R$4,668.3 Mil. HBR Realty Empreendimentos Imobiliarios's operating liabilities for the quarter that ended in Mar. 2026 was R$696.9 Mil. HBR Realty Empreendimentos Imobiliarios's Total Assets for the quarter that ended in Dec. 2025 was R$5,089.3 Mil. Therefore, HBR Realty Empreendimentos Imobiliarios's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.78.


HBR Realty Empreendimentos Imobiliarios Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for HBR Realty Empreendimentos Imobiliarios'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.

HBR Realty Empreendimentos Imobiliarios Scaled Net Operating Assets Chart

HBR Realty Empreendimentos Imobiliarios Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 1.12 0.89 0.89 0.92 0.84

HBR Realty Empreendimentos Imobiliarios Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.86 0.85 0.82 0.85 0.78

BSP:HBRE3 vs CBRE, BEKE, JLL: Scaled Net Operating Assets Comparison

For the Real Estate Services subindustry, HBR Realty Empreendimentos Imobiliarios'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.


HBR Realty Empreendimentos Imobiliarios Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, HBR Realty Empreendimentos Imobiliarios's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where HBR Realty Empreendimentos Imobiliarios's Scaled Net Operating Assets falls into.


BSP:HBRE3
66GF Score
HBR Realty Empreendimentos Imobiliarios SA BSP:HBRE3
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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HBR Realty Empreendimentos Imobiliarios 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.

HBR Realty Empreendimentos Imobiliarios's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(4946.301-687)/5090.774
=0.84

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5089.275 - 142.974
=4946.301

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2370.435 - 1508.357 - 175.078
=687

HBR Realty Empreendimentos Imobiliarios's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(4668.251-696.892)/5089.275
=0.78

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4889.228 - 220.977
=4668.251

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2252.266 - 1389.97 - 165.404
=696.892

* 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 0.78 mean?
HBR Realty Empreendimentos Imobiliarios (BSP:HBRE3) has a Scaled Net Operating Assets of 0.78 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on HBR Realty Empreendimentos Imobiliarios and its competitors.
Is HBR Realty Empreendimentos Imobiliarios' Scaled Net Operating Assets too high?
HBR Realty Empreendimentos Imobiliarios' current Scaled Net Operating Assets is 0.78. Overall, HBR Realty Empreendimentos Imobiliarios has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does HBR Realty Empreendimentos Imobiliarios' Scaled Net Operating Assets compare to CBRE and BEKE?
HBR Realty Empreendimentos Imobiliarios' Scaled Net Operating Assets of 0.78 can be compared against companies in the Real Estate 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 Real Estate company?
A good Scaled Net Operating Assets depends on the Real Estate 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 HBR Realty Empreendimentos Imobiliarios and its competitors. HBR Realty Empreendimentos Imobiliarios's current Scaled Net Operating Assets is 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HBR Realty Empreendimentos Imobiliarios stock overvalued right now?
Based on GuruFocus' analysis, HBR Realty Empreendimentos Imobiliarios (BSP:HBRE3) is currently considered Possible Value Trap. The stock's GF Value™ is R$16.55, compared to a current price of R$2.63 — trading 84.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.78. HBR Realty Empreendimentos Imobiliarios' overall GF Score™ is 66/100 with 7 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 HBR Realty Empreendimentos Imobiliarios (BSP:HBRE3), the current Scaled Net Operating Assets is 0.78 as of Mar. 2026. 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 HBR Realty Empreendimentos Imobiliarios (BSP:HBRE3) Overvalued in 2026?

Based on GuruFocus' analysis, HBR Realty Empreendimentos Imobiliarios stock appears to be undervalued. The current stock price of R$2.63 is trading 84.1% below its estimated GF Value™ of R$16.55. GuruFocus considers HBR Realty Empreendimentos Imobiliarios to be Possible Value Trap.

Key valuation signals for BSP:HBRE3:

  • Scaled Net Operating Assets: 0.78
  • GF Value™: R$16.55 vs. price of R$2.63 (84.1% below fair value)
  • GF Score™: 66/100 with 7 warning signs

No single metric tells the full story. See the BSP:HBRE3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


HBR Realty Empreendimentos Imobiliarios Business Description

Address Avenida Vereador Narciso Yague Guimaraes, 1.145, 2nd Floor, Jardim Arenia, Helbor Concept- Edificio Corporate, Mogi das Cruzes, SP, BRA, CEP 08780-500
HBR Realty Empreendimentos Imobiliarios SA operates in the real estate development and management division. The company's business is focused on urban properties, distributed over four main platforms that house the developed and developing asset classes. These platforms are ComVem, HBR3A, HBR Malls, and HBR Opportunities. ComVem is a platform dedicated towards the development and administration of convenience centers; the HBR 3A platform is dedicated to the development and management of corporate buildings; the HBR Malls platform is dedicated to the acquisition, development, and management of shopping centers; and HBR Opportunities platform brings together assets of various classes, such as built to suits, development, and management of hotels, parking lots, and others.
66GF Score

Get the complete analysis for BSP:HBRE3

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

R$2.63
Price
R$16.55
GF Value