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 2.19 is 10% below its estimated 5-year average of 2.44, around the middle of its estimated 5-year range (0.76–3.31).
As of 2026-08-24T00:00:00.000Z. 0.50% below its estimated 12-month average of 2.20.
Quote observation: 2026-08-24T00:00:00.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 52dcc1e2a530a45e7ba397d2871f0645326a6cd613d6ac463153434714946854
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 2026-08-24.
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
2.19
PB RATIO AVG TTM
2.20
PB RATIO AVG 3Y
2.34
PB RATIO AVG 5Y
2.44
PB RATIO AVG 10Y
2.42
PB RATIO AVG 15Y
2.43
PB RATIO AVG 20Y
2.46
CURRENT VS TTM AVG
-0.50%
CURRENT VS 3Y AVG
-6.46%
CURRENT VS 5Y AVG
-10.17%
CURRENT VS 10Y AVG
-9.62%
CURRENT VS 15Y AVG
-10.05%
CURRENT VS 20Y AVG
-10.80%
SECTOR MEDIAN · REAL ESTATE
2.35
median of 38 covered companies
CURRENT VS SECTOR MEDIAN
-6.81%
vs the sector median at left
Market Cap
$19.24B
PB Ratio
N/A
TTM Avg
46.67
3Y Avg
107.12
5Y Avg
68.48
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| AvalonBay Communities, Inc. (AVB) | $26.28B | 2.19 | 2.20 | 2.34 | 2.44 |
| VICI Properties Inc. (VICI)vs › | $27.23B | 0.93 | 1.09 | 1.20 | 1.29 |
| Equity Residential (EQR)vs › | $23.87B | 2.27 | 2.27 | 2.32 | 2.43 |
| Extra Space Storage Inc. (EXR)vs › | $28.83B | 2.17 | 2.27 | 2.44 | 4.58 |
| Crown Castle Inc. (CCI)vs › | $32.28B | N/A | 7.78 | 7.78 | 7.88 |
| SBA Communications Corporation (SBAC)vs › | $19.24B | N/A | 46.67 | 107.12 | 68.48 |
| Iron Mountain Incorporated (IRM)vs › | $33.59B | N/A | 399.45 | 147.87 | 91.84 |
| Essex Property Trust, Inc. (ESS)vs › | $17.44B | 3.28 | 3.10 | 3.11 | 3.07 |
| Invitation Homes Inc. (INVH)vs › | $16.37B | 1.81 | 1.82 | 1.98 | 2.06 |
| Weyerhaeuser Company (WY)vs › | $15.86B | 1.68 | 1.85 | 2.08 | 2.23 |
At 2.19, P/B is below its estimated 20-year median — higher than 27% 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
0.76
median
2.45
estimated 20-year high
4.25
P/B Ratio
2.19
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 |
|---|---|
| 2026-08-24 | 0.80 |
| 2026-08-21 | 0.79 |
| 2026-08-20 | 0.77 |
| 2026-08-19 | 0.76 |
| 2026-08-18 | 0.76 |
| 2026-08-17 | 0.78 |
| 2026-08-14 | 2.17 |
| 2026-08-13 | 2.17 |
| 2026-08-12 | 2.12 |
| 2026-08-11 | 2.14 |
| 2026-08-10 | 2.17 |
| 2026-08-07 | 2.21 |
| 2026-08-06 | 2.20 |
| 2026-08-05 | 2.24 |
| 2026-08-04 | 2.23 |
| 2026-08-03 | 2.23 |
| 2026-07-31 | 2.19 |
| 2026-07-30 | 2.30 |
| 2026-07-29 | 2.36 |
| 2026-07-28 | 2.33 |
| 2026-07-27 | 2.30 |
| 2026-07-24 | 2.32 |
| 2026-07-23 | 2.34 |
| 2026-07-22 | 2.33 |
| 2026-07-21 | 2.34 |
| 2026-07-20 | 2.35 |
| 2026-07-17 | 2.36 |
| 2026-07-16 | 2.40 |
| 2026-07-15 | 2.33 |
| 2026-07-14 | 2.35 |
| 2026-07-13 | 2.38 |
| 2026-07-10 | 2.35 |
| 2026-07-09 | 2.32 |
| 2026-07-08 | 2.32 |
| 2026-07-07 | 2.39 |
| 2026-07-06 | 2.38 |
| 2026-07-02 | 2.38 |
| 2026-07-01 | 2.33 |
| 2026-06-30 | 2.31 |
| 2026-06-29 | 2.36 |
| 2026-06-26 | 2.33 |
| 2026-06-25 | 2.28 |
| 2026-06-24 | 2.25 |
| 2026-06-23 | 2.23 |
| 2026-06-22 | 2.20 |
| 2026-06-18 | 2.17 |
| 2026-06-17 | 2.20 |
| 2026-06-16 | 2.26 |
| 2026-06-15 | 2.26 |
| 2026-06-12 | 2.29 |
| 2026-06-11 | 2.26 |
| 2026-06-10 | 2.29 |
| 2026-06-09 | 2.29 |
| 2026-06-08 | 2.30 |
| 2026-06-05 | 2.32 |
| 2026-06-04 | 2.32 |
| 2026-06-03 | 2.24 |
| 2026-06-02 | 2.25 |
| 2026-06-01 | 2.24 |
| 2026-05-29 | 2.24 |
| 2026-05-28 | 2.26 |
| 2026-05-27 | 2.28 |
| 2026-05-26 | 2.27 |
| 2026-05-22 | 2.28 |
| 2026-05-21 | 2.26 |
| 2026-05-20 | 2.29 |
| 2026-05-19 | 2.27 |
| 2026-05-18 | 2.27 |
| 2026-05-15 | 2.22 |
| 2026-05-14 | 2.25 |
| 2026-05-13 | 2.28 |
| 2026-05-12 | 2.29 |
| 2026-05-11 | 2.29 |
| 2026-05-08 | 2.26 |
| 2026-05-07 | 2.27 |
| 2026-05-06 | 2.28 |
| 2026-05-05 | 2.27 |
| 2026-05-04 | 2.23 |
| 2026-05-01 | 2.24 |
| 2026-04-30 | 2.24 |
| 2026-04-29 | 2.25 |
| 2026-04-28 | 2.24 |
| 2026-04-27 | 2.13 |
| 2026-04-24 | 2.11 |
| 2026-04-23 | 2.12 |
| 2026-04-22 | 2.09 |
| 2026-04-21 | 2.11 |
| 2026-04-20 | 2.16 |
| 2026-04-17 | 2.13 |
| 2026-04-16 | 2.07 |
| 2026-04-15 | 2.09 |
| 2026-04-14 | 2.09 |
| 2026-04-13 | 2.07 |
| 2026-04-10 | 2.08 |
| 2026-04-09 | 2.06 |
| 2026-04-08 | 2.06 |
| 2026-04-07 | 2.05 |
| 2026-04-06 | 2.04 |
| 2026-04-02 | 2.03 |
| 2026-04-01 | 2.02 |
| 2026-03-31 | 2.00 |
| 2026-03-30 | 1.98 |
| 2026-03-27 | 1.97 |
| 2026-03-26 | 2.00 |
| 2026-03-25 | 2.00 |
| 2026-03-24 | 2.00 |
| 2026-03-23 | 2.00 |
| 2026-03-20 | 1.97 |
| 2026-03-19 | 2.02 |
| 2026-03-18 | 2.03 |
| 2026-03-17 | 2.09 |
| 2026-03-16 | 2.07 |
| 2026-03-13 | 2.07 |
| 2026-03-12 | 2.09 |
| 2026-03-11 | 2.10 |
| 2026-03-10 | 2.13 |
| 2026-03-09 | 2.16 |
| 2026-03-06 | 2.18 |
| 2026-03-05 | 2.19 |
| 2026-03-04 | 2.18 |
| 2026-03-03 | 2.17 |
| 2026-03-02 | 2.19 |
| 2026-02-27 | 2.13 |
| 2026-02-26 | 2.16 |
| 2026-02-25 | 2.14 |
| 2026-02-24 | 2.14 |
| 2026-02-23 | 2.12 |
| 2026-02-20 | 2.13 |
| 2026-02-19 | 2.14 |
| 2026-02-18 | 2.14 |
| 2026-02-17 | 2.14 |
| 2026-02-13 | 2.12 |
| 2026-02-12 | 2.11 |
| 2026-02-11 | 2.16 |
| 2026-02-10 | 2.13 |
| 2026-02-09 | 2.09 |
| 2026-02-06 | 2.09 |
| 2026-02-05 | 2.04 |
| 2026-02-04 | 2.14 |
| 2026-02-03 | 2.10 |
| 2026-02-02 | 2.11 |
| 2026-01-30 | 2.14 |
| 2026-01-29 | 2.10 |
| 2026-01-28 | 2.08 |
| 2026-01-27 | 2.12 |
| 2026-01-26 | 2.14 |
| 2026-01-23 | 2.15 |
| 2026-01-22 | 2.11 |
| 2026-01-21 | 2.15 |
| 2026-01-20 | 2.14 |
| 2026-01-16 | 2.19 |
| 2026-01-15 | 2.17 |
| 2026-01-14 | 2.17 |
| 2026-01-13 | 2.15 |
| 2026-01-12 | 2.14 |
| 2026-01-09 | 2.16 |
| 2026-01-08 | 2.21 |
| 2026-01-07 | 2.16 |
| 2026-01-06 | 2.21 |
| 2026-01-05 | 2.17 |
| 2026-01-02 | 2.17 |
| 2025-12-31 | 2.18 |
| 2025-12-30 | 2.22 |
| 2025-12-29 | 2.21 |
| 2025-12-26 | 2.20 |
| 2025-12-24 | 2.20 |
| 2025-12-23 | 2.18 |
| 2025-12-22 | 2.19 |
| 2025-12-19 | 2.15 |
| 2025-12-18 | 2.18 |
| 2025-12-17 | 2.18 |
| 2025-12-16 | 2.13 |
| 2025-12-15 | 2.14 |
| 2025-12-12 | 2.13 |
| 2025-12-11 | 2.12 |
| 2025-12-10 | 2.12 |
| 2025-12-09 | 2.11 |
| 2025-12-08 | 2.14 |
| 2025-12-05 | 2.14 |
| 2025-12-04 | 2.16 |
| 2025-12-03 | 2.18 |
| 2025-12-02 | 2.18 |
| 2025-12-01 | 2.16 |
| 2025-11-28 | 2.19 |
| 2025-11-26 | 2.19 |
| 2025-11-25 | 2.18 |
| 2025-11-24 | 2.17 |
| 2025-11-21 | 2.17 |
| 2025-11-20 | 2.13 |
| 2025-11-19 | 2.13 |
| 2025-11-18 | 2.13 |
| 2025-11-17 | 2.13 |
| 2025-11-14 | 2.14 |
| 2025-11-13 | 2.13 |
| 2025-11-12 | 2.14 |
| 2025-11-11 | 2.15 |
| 2025-11-10 | 2.13 |
| 2025-11-07 | 2.13 |
| 2025-11-06 | 2.10 |
| 2025-11-05 | 2.13 |
| 2025-11-04 | 2.11 |
| 2025-11-03 | 2.10 |
| 2025-10-31 | 2.09 |
| 2025-10-30 | 2.10 |
| 2025-10-29 | 2.11 |
| 2025-10-28 | 2.21 |
| 2025-10-27 | 2.26 |
| 2025-10-24 | 2.27 |
| 2025-10-23 | 2.27 |
| 2025-10-22 | 2.27 |
| 2025-10-21 | 2.24 |
| 2025-10-20 | 2.24 |
| 2025-10-17 | 2.24 |
| 2025-10-16 | 2.21 |
| 2025-10-15 | 2.21 |
| 2025-10-14 | 2.22 |
| 2025-10-13 | 2.21 |
| 2025-10-10 | 2.21 |
| 2025-10-09 | 2.23 |
| 2025-10-08 | 2.24 |
| 2025-10-07 | 2.25 |
| 2025-10-06 | 2.25 |
| 2025-10-03 | 2.29 |
| 2025-10-02 | 2.28 |
| 2025-10-01 | 2.30 |
| 2025-09-30 | 2.32 |
| 2025-09-29 | 2.32 |
| 2025-09-26 | 2.34 |
| 2025-09-25 | 2.30 |
| 2025-09-24 | 2.31 |
| 2025-09-23 | 2.33 |
| 2025-09-22 | 2.31 |
| 2025-09-19 | 2.31 |
| 2025-09-18 | 2.32 |
| 2025-09-17 | 2.31 |
| 2025-09-16 | 2.31 |
| 2025-09-15 | 2.31 |
| 2025-09-12 | 2.34 |
| 2025-09-11 | 2.36 |
| 2025-09-10 | 2.31 |
| 2025-09-09 | 2.34 |
| 2025-09-08 | 2.33 |
| 2025-09-05 | 2.34 |
| 2025-09-04 | 2.31 |
| 2025-09-03 | 2.29 |
| 2025-09-02 | 2.27 |
| 2025-08-29 | 2.35 |
| 2025-08-28 | 2.33 |
| 2025-08-27 | 2.33 |
| 2025-08-26 | 2.30 |
| 2025-08-25 | 2.31 |
| 2025-08-22 | 2.32 |
| 2025-08-21 | 2.28 |
| 2025-08-20 | 2.29 |
| 2025-08-19 | 2.30 |
| 2025-08-18 | 2.26 |
| 2025-08-15 | 2.29 |
| 2025-08-14 | 2.27 |
| 2025-08-13 | 2.29 |
| 2025-08-12 | 2.24 |
Showing the most recent 260 of 5,030 data points. The chart above shows the full history.