Basis: FMP quote market capitalization / matching reported stockholders equity. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the P/B ratio high or low?
The P/B ratio of 0.56 is 49% below its estimated 5-year average of 1.10, near the low end of its estimated 5-year range (0.46–2.30).
As of 2026-09-26T00:15:29.350Z. 2.59% below its estimated 12-month average of 0.57.
Calculation as of: 2026-09-26T00:15:29.350Z.
Quote observation: 2026-09-25T20:00:03.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 0e26d3f68c6c0edd1e0d53042890b7dd694cd8b2f0b3b19f4d173d4dcaeeb96a
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-09-11.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
PB RATIO
0.56
PB RATIO AVG TTM
0.57
PB RATIO AVG 3Y
0.85
PB RATIO AVG 5Y
1.10
PB RATIO AVG 10Y
1.59
PB RATIO AVG 15Y
1.54
PB RATIO AVG 20Y
1.51
CURRENT VS TTM AVG
-2.59%
CURRENT VS 3Y AVG
-34.45%
CURRENT VS 5Y AVG
-49.22%
CURRENT VS 10Y AVG
-64.85%
CURRENT VS 15Y AVG
-63.72%
CURRENT VS 20Y AVG
-62.94%
SECTOR MEDIAN · REAL ESTATE
2.40
median of 37 covered companies
CURRENT VS SECTOR MEDIAN
-76.67%
vs the sector median at left
Alexandria Real Estate Equities, Inc.
Market Cap
$8.70B
PB Ratio
0.56
TTM Avg
0.57
3Y Avg
0.85
5Y Avg
1.10
Market Cap
$8.11B
PB Ratio
2.92
TTM Avg
2.93
3Y Avg
2.70
5Y Avg
2.87
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Alexandria Real Estate Equities, Inc. (ARE) | $8.70B | 0.56 | 0.57 | 0.85 | 1.10 |
| CubeSmart (CUBE)vs › | $8.56B | 3.32 | 3.31 | 3.45 | 3.67 |
| First Industrial Realty Trust, Inc. (FR)vs › | $8.11B | 2.92 | 2.93 | 2.70 | 2.87 |
| Agree Realty Corporation (ADC)vs › | $8.10B | 1.24 | 1.42 | 1.33 | 1.33 |
| NNN REIT, Inc. (NNN)vs › | $7.86B | 1.76 | 1.87 | 1.84 | 1.87 |
| Federal Realty Investment Trust (FRT)vs › | $9.55B | 2.84 | 2.87 | 2.82 | 2.97 |
| Camden Property Trust (CPT)vs › | $9.86B | 2.59 | 2.67 | 2.54 | 2.80 |
| BXP, Inc. (BXP)vs › | $10.11B | 1.96 | 2.03 | 1.93 | 2.08 |
| Terreno Realty Corporation (TRNO)vs › | $7.02B | 1.58 | 1.60 | 1.67 | 1.92 |
| UDR, Inc. (UDR)vs › | $10.87B | 3.70 | 3.84 | 3.67 | 3.88 |
At 0.56, P/B is below its estimated 20-year median — higher than 6% of readings in its estimated 20-year history.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
estimated 20-year low
0.38
median
1.46
estimated 20-year high
2.53
P/B Ratio
0.56
Market Price / Book Value per Share
PB Ratio = Market Cap / Total Shareholders' Equity
The price-to-book ratio compares market capitalization to book value (shareholders' equity). Lower values can indicate a cheaper valuation relative to net assets.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | PB RATIO |
|---|---|
| 2026-09-11 | 0.62 |
| 2026-09-10 | 0.60 |
| 2026-09-09 | 0.61 |
| 2026-09-08 | 0.61 |
| 2026-09-04 | 0.64 |
| 2026-09-03 | 0.64 |
| 2026-09-02 | 0.64 |
| 2026-09-01 | 0.63 |
| 2026-08-31 | 0.62 |
| 2026-08-28 | 0.62 |
| 2026-08-27 | 0.63 |
| 2026-08-26 | 0.64 |
| 2026-08-25 | 0.64 |
| 2026-08-24 | 0.65 |
| 2026-08-21 | 0.65 |
| 2026-08-20 | 0.64 |
| 2026-08-19 | 0.61 |
| 2026-08-18 | 0.56 |
| 2026-08-17 | 0.57 |
| 2026-08-14 | 0.58 |
| 2026-08-13 | 0.59 |
| 2026-08-12 | 0.58 |
| 2026-08-11 | 0.58 |
| 2026-08-10 | 0.59 |
| 2026-08-07 | 0.60 |
| 2026-08-06 | 0.59 |
| 2026-08-05 | 0.61 |
| 2026-08-04 | 0.59 |
| 2026-08-03 | 0.63 |
| 2026-07-31 | 0.62 |
| 2026-07-30 | 0.63 |
| 2026-07-29 | 0.64 |
| 2026-07-28 | 0.65 |
| 2026-07-27 | 0.62 |
| 2026-07-24 | 0.61 |
| 2026-07-23 | 0.60 |
| 2026-07-22 | 0.59 |
| 2026-07-21 | 0.61 |
| 2026-07-20 | 0.60 |
| 2026-07-17 | 0.60 |
| 2026-07-16 | 0.60 |
| 2026-07-15 | 0.58 |
| 2026-07-14 | 0.57 |
| 2026-07-13 | 0.58 |
| 2026-07-10 | 0.57 |
| 2026-07-09 | 0.58 |
| 2026-07-08 | 0.58 |
| 2026-07-07 | 0.59 |
| 2026-07-06 | 0.60 |
| 2026-07-02 | 0.63 |
| 2026-07-01 | 0.63 |
| 2026-06-30 | 0.63 |
| 2026-06-29 | 0.67 |
| 2026-06-26 | 0.66 |
| 2026-06-25 | 0.64 |
| 2026-06-24 | 0.61 |
| 2026-06-23 | 0.62 |
| 2026-06-22 | 0.61 |
| 2026-06-18 | 0.61 |
| 2026-06-17 | 0.59 |
| 2026-06-16 | 0.62 |
| 2026-06-15 | 0.63 |
| 2026-06-12 | 0.64 |
| 2026-06-11 | 0.63 |
| 2026-06-10 | 0.63 |
| 2026-06-09 | 0.63 |
| 2026-06-08 | 0.60 |
| 2026-06-05 | 0.61 |
| 2026-06-04 | 0.64 |
| 2026-06-03 | 0.61 |
| 2026-06-02 | 0.63 |
| 2026-06-01 | 0.58 |
| 2026-05-29 | 0.59 |
| 2026-05-28 | 0.60 |
| 2026-05-27 | 0.60 |
| 2026-05-26 | 0.58 |
| 2026-05-22 | 0.58 |
| 2026-05-21 | 0.57 |
| 2026-05-20 | 0.57 |
| 2026-05-19 | 0.55 |
| 2026-05-18 | 0.56 |
| 2026-05-15 | 0.54 |
| 2026-05-14 | 0.55 |
| 2026-05-13 | 0.57 |
| 2026-05-12 | 0.56 |
| 2026-05-11 | 0.55 |
| 2026-05-08 | 0.55 |
| 2026-05-07 | 0.55 |
| 2026-05-06 | 0.55 |
| 2026-05-05 | 0.52 |
| 2026-05-04 | 0.49 |
| 2026-05-01 | 0.50 |
| 2026-04-30 | 0.49 |
| 2026-04-29 | 0.49 |
| 2026-04-28 | 0.48 |
| 2026-04-27 | 0.50 |
| 2026-04-24 | 0.52 |
| 2026-04-23 | 0.51 |
| 2026-04-22 | 0.51 |
| 2026-04-21 | 0.53 |
| 2026-04-20 | 0.54 |
| 2026-04-17 | 0.54 |
| 2026-04-16 | 0.53 |
| 2026-04-15 | 0.52 |
| 2026-04-14 | 0.50 |
| 2026-04-13 | 0.48 |
| 2026-04-10 | 0.47 |
| 2026-04-09 | 0.48 |
| 2026-04-08 | 0.49 |
| 2026-04-07 | 0.49 |
| 2026-04-06 | 0.47 |
| 2026-04-02 | 0.48 |
| 2026-04-01 | 0.48 |
| 2026-03-31 | 0.51 |
| 2026-03-30 | 0.51 |
| 2026-03-27 | 0.51 |
| 2026-03-26 | 0.53 |
| 2026-03-25 | 0.52 |
| 2026-03-24 | 0.52 |
| 2026-03-23 | 0.53 |
| 2026-03-20 | 0.52 |
| 2026-03-19 | 0.55 |
| 2026-03-18 | 0.53 |
| 2026-03-17 | 0.54 |
| 2026-03-16 | 0.53 |
| 2026-03-13 | 0.53 |
| 2026-03-12 | 0.55 |
| 2026-03-11 | 0.55 |
| 2026-03-10 | 0.56 |
| 2026-03-09 | 0.56 |
| 2026-03-06 | 0.56 |
| 2026-03-05 | 0.57 |
| 2026-03-04 | 0.59 |
| 2026-03-03 | 0.58 |
| 2026-03-02 | 0.58 |
| 2026-02-27 | 0.60 |
| 2026-02-26 | 0.61 |
| 2026-02-25 | 0.60 |
| 2026-02-24 | 0.59 |
| 2026-02-23 | 0.59 |
| 2026-02-20 | 0.59 |
| 2026-02-19 | 0.59 |
| 2026-02-18 | 0.60 |
| 2026-02-17 | 0.60 |
| 2026-02-13 | 0.58 |
| 2026-02-12 | 0.56 |
| 2026-02-11 | 0.59 |
| 2026-02-10 | 0.63 |
| 2026-02-09 | 0.62 |
| 2026-02-06 | 0.62 |
| 2026-02-05 | 0.61 |
| 2026-02-04 | 0.61 |
| 2026-02-03 | 0.59 |
| 2026-02-02 | 0.60 |
| 2026-01-30 | 0.60 |
| 2026-01-29 | 0.60 |
| 2026-01-28 | 0.60 |
| 2026-01-27 | 0.64 |
| 2026-01-26 | 0.58 |
| 2026-01-23 | 0.61 |
| 2026-01-22 | 0.59 |
| 2026-01-21 | 0.60 |
| 2026-01-20 | 0.59 |
| 2026-01-16 | 0.59 |
| 2026-01-15 | 0.59 |
| 2026-01-14 | 0.57 |
| 2026-01-13 | 0.56 |
| 2026-01-12 | 0.56 |
| 2026-01-09 | 0.55 |
| 2026-01-08 | 0.54 |
| 2026-01-07 | 0.53 |
| 2026-01-06 | 0.54 |
| 2026-01-05 | 0.51 |
| 2026-01-02 | 0.50 |
| 2025-12-31 | 0.50 |
| 2025-12-30 | 0.51 |
| 2025-12-29 | 0.50 |
| 2025-12-26 | 0.50 |
| 2025-12-24 | 0.50 |
| 2025-12-23 | 0.49 |
| 2025-12-22 | 0.50 |
| 2025-12-19 | 0.49 |
| 2025-12-18 | 0.50 |
| 2025-12-17 | 0.49 |
| 2025-12-16 | 0.48 |
| 2025-12-15 | 0.48 |
| 2025-12-12 | 0.48 |
| 2025-12-11 | 0.47 |
| 2025-12-10 | 0.48 |
| 2025-12-09 | 0.46 |
| 2025-12-08 | 0.46 |
| 2025-12-05 | 0.47 |
| 2025-12-04 | 0.48 |
| 2025-12-03 | 0.50 |
| 2025-12-02 | 0.55 |
| 2025-12-01 | 0.54 |
| 2025-11-28 | 0.55 |
| 2025-11-26 | 0.55 |
| 2025-11-25 | 0.54 |
| 2025-11-24 | 0.52 |
| 2025-11-21 | 0.52 |
| 2025-11-20 | 0.50 |
| 2025-11-19 | 0.51 |
| 2025-11-18 | 0.52 |
| 2025-11-17 | 0.52 |
| 2025-11-14 | 0.53 |
| 2025-11-13 | 0.53 |
| 2025-11-12 | 0.55 |
| 2025-11-11 | 0.56 |
| 2025-11-10 | 0.55 |
| 2025-11-07 | 0.57 |
| 2025-11-06 | 0.54 |
| 2025-11-05 | 0.56 |
| 2025-11-04 | 0.55 |
| 2025-11-03 | 0.57 |
| 2025-10-31 | 0.60 |
| 2025-10-30 | 0.58 |
| 2025-10-29 | 0.60 |
| 2025-10-28 | 0.64 |
| 2025-10-27 | 0.77 |
| 2025-10-24 | 0.77 |
| 2025-10-23 | 0.76 |
| 2025-10-22 | 0.77 |
| 2025-10-21 | 0.76 |
| 2025-10-20 | 0.76 |
| 2025-10-17 | 0.74 |
| 2025-10-16 | 0.75 |
| 2025-10-15 | 0.75 |
| 2025-10-14 | 0.74 |
| 2025-10-13 | 0.73 |
| 2025-10-10 | 0.73 |
| 2025-10-09 | 0.74 |
| 2025-10-08 | 0.75 |
| 2025-10-07 | 0.77 |
| 2025-10-06 | 0.79 |
| 2025-10-03 | 0.83 |
| 2025-10-02 | 0.83 |
| 2025-10-01 | 0.83 |
| 2025-09-30 | 0.83 |
| 2025-09-29 | 0.84 |
| 2025-09-26 | 0.83 |
| 2025-09-25 | 0.83 |
| 2025-09-24 | 0.85 |
| 2025-09-23 | 0.86 |
| 2025-09-22 | 0.85 |
| 2025-09-19 | 0.85 |
| 2025-09-18 | 0.87 |
| 2025-09-17 | 0.84 |
| 2025-09-16 | 0.85 |
| 2025-09-15 | 0.85 |
| 2025-09-12 | 0.84 |
| 2025-09-11 | 0.84 |
| 2025-09-10 | 0.83 |
| 2025-09-09 | 0.83 |
| 2025-09-08 | 0.85 |
| 2025-09-05 | 0.84 |
| 2025-09-04 | 0.82 |
| 2025-09-03 | 0.81 |
| 2025-09-02 | 0.80 |
| 2025-08-29 | 0.82 |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.