BB Fundo Invest Imobiliario Progressivo (BSP:BBFI11B) Price-to-Tangible-Book : 0.62 (As of May. 23, 2024)

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What is BB Fundo Invest Imobiliario Progressivo Price-to-Tangible-Book?

As of today (2024-05-23), BB Fundo Invest Imobiliario Progressivo's share price is R$1275.00. BB Fundo Invest Imobiliario Progressivo's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was R$2,049.79. Hence, BB Fundo Invest Imobiliario Progressivo's Price to Tangible Book Ratio of today is 0.62.

The historical rank and industry rank for BB Fundo Invest Imobiliario Progressivo's Price-to-Tangible-Book or its related term are showing as below:

BSP:BBFI11B' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.6 Med: 0.82 Max: 0.96
Current: 0.62

During the past 5 years, BB Fundo Invest Imobiliario Progressivo's highest Price to Tangible Book Ratio was 0.96. The lowest was 0.60. And the median was 0.82.

BSP:BBFI11B's Price-to-Tangible-Book is ranked better than
76.04% of 839 companies
in the REITs industry
Industry Median: 0.83 vs BSP:BBFI11B: 0.62

A closely related ratio is called PB Ratio. As of today, BB Fundo Invest Imobiliario Progressivo's share price is R$1275.00. BB Fundo Invest Imobiliario Progressivo's Book Value per Sharefor the quarter that ended in Dec. 2023 was R$2,049.79. Hence, BB Fundo Invest Imobiliario Progressivo's P/B Ratio of today is 0.62.

BB Fundo Invest Imobiliario Progressivo Price-to-Tangible-Book Historical Data

The historical data trend for BB Fundo Invest Imobiliario Progressivo's Price-to-Tangible-Book 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.

* Premium members only.

BB Fundo Invest Imobiliario Progressivo Price-to-Tangible-Book Chart

BB Fundo Invest Imobiliario Progressivo Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

0.96

0.82

0.91

0.60

BB Fundo Invest Imobiliario Progressivo Semi-Annual Data
	Dec19	Dec20	Dec21	Dec22	Dec23
Price-to-Tangible-Book	0.96	0.82	0.82	0.91	0.60

Competitive Comparison of BB Fundo Invest Imobiliario Progressivo's Price-to-Tangible-Book

For the REIT - Office subindustry, BB Fundo Invest Imobiliario Progressivo's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.

BB Fundo Invest Imobiliario Progressivo's Price-to-Tangible-Book Distribution in the REITs Industry

For the REITs industry and Real Estate sector, BB Fundo Invest Imobiliario Progressivo's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where BB Fundo Invest Imobiliario Progressivo's Price-to-Tangible-Book falls into.

BB Fundo Invest Imobiliario Progressivo Price-to-Tangible-Book Calculation

BB Fundo Invest Imobiliario Progressivo's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	1275.00	/	2049.792
	=	0.62

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

BB Fundo Invest Imobiliario Progressivo Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of BB Fundo Invest Imobiliario Progressivo's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

BB Fundo Invest Imobiliario Progressivo (BSP:BBFI11B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » BB Fundo Invest Imobiliario Progressivo (BSP:BBFI11B) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenida Paulista, 2300, 11th Floor, Sao Paulo, SP, BRA, 1310300

Website

http://www.fundoimobiliario.com.br

BB Fundo Invest Imobiliario Progressivo is an investment REIT. The firm invests in commercial real estate developments that generate frequent revenue, such as commercial buildings, hospitals, shopping malls, distribution, and logistics centers. It is managed by Caixa Economica Federal. Its assets are leased to the Bank of Brazil.

BB Fundo Invest Imobiliario Progressivo (BSP:BBFI11B) Headlines

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