BB Fundo De Investimento Imobiliario Progressivo (BBFI11) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of BB Fundo De Investimento Imobiliario Progressivo BRL 64.41, price BRL 629, upside -89.8%, quality 39 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range R$266.06 – R$828.38 · fair‑value band R$42.51 – R$80.51 · the R$629.00 price screens above the R$64.41 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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BB Fundo De Investimento Imobiliario Progressivo specializes in real estate investments.
Stock analysis
BB Fundo De Investimento Imobiliario Progressivo (BBFI11) currently trades at R$629.00, while our model-based Fair Value estimate is R$64.41, 89.8% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 89/100, which puts the evidence level at low.
Scenario range: R$42.51 (bear) to R$80.51 (bull), the price of R$629.00 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 39/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
BB Fundo De Investimento Imobiliario Progressivo reported revenue of R$70.1M in FY2025 versus R$47.1M in FY2021, a compound +10.5%/yr. Reported net income was −R$3.7M in FY2025.
Key figures
Market cap R$81.8M (≈ $15.7M) · P/S ratio 1.09 · EPS (TTM) R$−418.98 · Net margin −5.3% · Return on equity −7.3% · Return on assets (EBIT) −66.2% · Operating margin 82.9% · Revenue (TTM) R$74.9M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 97% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −1% fair-value upside, at −90%, BBFI11 screens richer than that median.
Fair Value models
Bear R$42.51Fair Value R$64.41Bull R$80.51
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.27/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−20.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.1%
’21
’22
’23
’24
’25
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
92.4% (2021) → −311.6% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Compare BB Fundo De Investimento Imobiliario Progressivo with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Office · 69 stocks
Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score35 · Bottom 25%
Fair Value upside−89.8% · Bottom 25%
Profitability
Return on assets42.0% · Top 25%
Net margin (TTM)−5.0% · Below median
Operating margin (TTM)82.9% · Top 25%
Growth and dividend
Revenue growth3.5% · Above median
Dividend yield (TTM)0.0% · Bottom 25%
Valuation Multiplesvs REIT - Office median · lower = cheaper
P/B1.87× · Priciest 25%
P/S (TTM)0.21× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 35
FUTURE (revenue growth)18· sector 0
PAST (return on equity)0· sector 8
HEALTH (low debt)0· sector 66
DIVIDEND (yield)0· sector 100
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "BB Fundo De Investimento Imobiliario Progressivo Fair Value". https://www.fairvalue-calculator.com/stock/BBFI11
Frequently asked questions
Is BB Fundo De Investimento Imobiliario Progressivo (BBFI11) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of R$64.41 versus a price of R$629.00, about −90% upside (overvalued).
What is the fair value of BBFI11?
Our model-based fair value for BB Fundo De Investimento Imobiliario Progressivo is R$64.41 (as of Sep 24, 2026), built from audited fundamentals. The current price: R$629.00.
What is the quality score of BBFI11?
BB Fundo De Investimento Imobiliario Progressivo has a Quality Score of 39/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for BB Fundo De Investimento Imobiliario Progressivo (BBFI11)?
Our model-based price target is the fair value of R$64.41 (as of Sep 24, 2026) from 1 valuation models. Cautious scenario R$42.51, optimistic scenario R$80.51. It is a calculation from audited fundamentals, not an analyst target.
What is the BB Fundo De Investimento Imobiliario Progressivo stock forecast for 2026?
Our models put fair value at R$64.41, about −90% upside versus a price of R$629.00 (overvalued). Cautious scenario R$42.51, optimistic scenario R$80.51. The calculation is refreshed regularly with new filings.
What is the revenue of BB Fundo De Investimento Imobiliario Progressivo (BBFI11)?
BB Fundo De Investimento Imobiliario Progressivo reported trailing-twelve-month revenue of about R$74.9M (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of BB Fundo De Investimento Imobiliario Progressivo (BBFI11)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For BB Fundo De Investimento Imobiliario Progressivo it is R$64.41 per share (as of Sep 24, 2026), against a price of R$629.00. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is BB Fundo De Investimento Imobiliario Progressivo stock overvalued or undervalued in 2026?
As of Sep 24, 2026, BBFI11 trades above its calculated fair value: price R$629.00, fair value R$64.41, a gap of about −90% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BBFI11?
No. The price is what the market pays today (R$629.00); the fair value is what the company's own numbers justify (R$64.41). For BB Fundo De Investimento Imobiliario Progressivo the two are R$564.59 per share apart. That gap is exactly why we show both numbers side by side.
How much is BB Fundo De Investimento Imobiliario Progressivo worth?
The market values BB Fundo De Investimento Imobiliario Progressivo at about R$81.8M (market capitalisation, as of Sep 24, 2026). Per share that is R$629.00; our models calculate a fair value of R$64.41 per share.
What do the bullish and bearish scenarios say about BBFI11?
Our models span a range for BB Fundo De Investimento Imobiliario Progressivo: cautious scenario R$42.51, base R$64.41, optimistic R$80.51 per share (as of Sep 24, 2026, price R$629.00). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of BB Fundo De Investimento Imobiliario Progressivo (BBFI11)?
Balance-sheet figures for BB Fundo De Investimento Imobiliario Progressivo (as of Sep 24, 2026): return on equity −7.3%. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is BBFI11 from its 52-week high?
BB Fundo De Investimento Imobiliario Progressivo trades at R$629.00, at its 52-week high of R$629.00 and 97% above the low of R$318.90 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of R$64.41 is for.
Which stocks are comparable to BB Fundo De Investimento Imobiliario Progressivo?
From the same area (Real Estate) we also value BXP, Inc, Vornado Realty Trust, Alexandria Real Estate Equities, Inc, MERLIN Properties SOCIMI, S.A, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is BB Fundo De Investimento Imobiliario Progressivo stock attractive at the current price?
The data as of Sep 24, 2026: price R$629.00, calculated fair value R$64.41 (−90%), Quality Score 39/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BBFI11 calculated?
We run BB Fundo De Investimento Imobiliario Progressivo through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of R$64.41, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. BB Fundo De Investimento Imobiliario Progressivo itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of BB Fundo De Investimento Imobiliario Progressivo (BBFI11)?
The closing price on Sep 30, 2026 was R$629.00. Our model-based fair value is R$64.41, about −90% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with BB Fundo De Investimento Imobiliario Progressivo right now?
The price sits above even our optimistic bull case (R$80.51). The favourable scenario is already priced in. Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (R$42.51 to R$80.51) leaves room in how you read the outcome.
Key figures of BB Fundo De Investimento Imobiliario Progressivo
How large is the market capitalisation of BB Fundo De Investimento Imobiliario Progressivo (BBFI11)?
The market capitalisation of BB Fundo De Investimento Imobiliario Progressivo is R$81.8M (≈ $15.7M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of BB Fundo De Investimento Imobiliario Progressivo (BBFI11)?
The price-to-sales ratio of BB Fundo De Investimento Imobiliario Progressivo is 1.09 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of BB Fundo De Investimento Imobiliario Progressivo (BBFI11)?
Earnings per share at BB Fundo De Investimento Imobiliario Progressivo are R$−418.98. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of BB Fundo De Investimento Imobiliario Progressivo (BBFI11)?
The net margin of BB Fundo De Investimento Imobiliario Progressivo is −5.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of BB Fundo De Investimento Imobiliario Progressivo (BBFI11)?
The return on equity (ROE) of BB Fundo De Investimento Imobiliario Progressivo is −7.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of BB Fundo De Investimento Imobiliario Progressivo (BBFI11)?
On an EBIT basis the return on assets of BB Fundo De Investimento Imobiliario Progressivo is −66.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of BB Fundo De Investimento Imobiliario Progressivo (BBFI11)?
The operating margin of BB Fundo De Investimento Imobiliario Progressivo is 82.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at BB Fundo De Investimento Imobiliario Progressivo (BBFI11)?
Revenue at BB Fundo De Investimento Imobiliario Progressivo is growing +3.5% versus a year earlier (3y avg +9.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at BB Fundo De Investimento Imobiliario Progressivo (BBFI11)?
Earnings per share at BB Fundo De Investimento Imobiliario Progressivo are growing +4.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does BB Fundo De Investimento Imobiliario Progressivo (BBFI11) generate?
The free cash flow of BB Fundo De Investimento Imobiliario Progressivo is −R$4.8M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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