Basis: FMP quote market capitalization / book value attributable to common shareholders (matching reported total stockholders equity minus preferred stock). 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 5.99 is 14% above its estimated 5-year average of 5.26, around the middle of its estimated 5-year range (3.25–7.17).
As of 2026-10-06T16:42:25.139Z. 3.97% below its estimated 12-month average of 6.24.
Calculation as of: 2026-10-06T16:42:25.139Z.
Quote observation: 2026-10-06T16:28:50.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 7759cb20d4c617dd8146dd01d1b0c1e5810192ad74144876f8b2f9e5e58668b5
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 2026-10-05.
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
5.99
PB RATIO AVG TTM
6.24
PB RATIO AVG 3Y
5.99
PB RATIO AVG 5Y
5.26
PB RATIO AVG 10Y
N/A
PB RATIO AVG 15Y
N/A
PB RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-3.97%
CURRENT VS 3Y AVG
-0.03%
CURRENT VS 5Y AVG
+13.98%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · REAL ESTATE
1.43
median of 97 covered companies
CURRENT VS SECTOR MEDIAN
+318.88%
vs the sector median at left
Gladstone Commercial Corp Pref
Market Cap
$942.83M
PB Ratio
5.99
TTM Avg
6.24
3Y Avg
5.99
5Y Avg
5.26
Adamas Trust, Inc. - 6.875% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, $0.01 par value per share
Market Cap
$821.04M
PB Ratio
N/A
TTM Avg
2.42
3Y Avg
2.13
5Y Avg
1.75
Market Cap
$726.29M
PB Ratio
1.08
TTM Avg
1.14
3Y Avg
1.06
5Y Avg
1.05
Market Cap
$721.70M
PB Ratio
N/A
TTM Avg
1.98
3Y Avg
1.85
5Y Avg
1.58
Market Cap
$718.63M
PB Ratio
1.07
TTM Avg
1.16
3Y Avg
1.07
5Y Avg
1.16
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Gladstone Commercial Corp Pref (GOODN) | $942.83M | 5.99 | 6.24 | 5.99 | 5.26 |
| Hotel101 Global Holdings Corp. (HBNB)vs › | $1.04B | 61.00 | N/A | N/A | N/A |
| Adamas Trust, Inc. - 6.875% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, $0.01 par value per share (ADAML)vs › | $821.04M | N/A | 2.42 | 2.13 | 1.75 |
| Adamas Trust, Inc. (ADAMM)vs › | $817.31M | N/A | 2.62 | 2.62 | 2.62 |
| Adamas Trust, Inc. (ADAMN)vs › | $805.79M | N/A | 2.35 | 2.18 | 1.80 |
| Adamas Trust, Inc. (ADAMH)vs › | $804.57M | N/A | 2.65 | 2.65 | 2.65 |
| Gladstone Land Corporation (LANDP)vs › | $726.29M | 1.08 | 1.14 | 1.06 | 1.05 |
| Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock (ADAMZ)vs › | $721.70M | N/A | 1.98 | 1.85 | 1.58 |
| Gladstone Land Corporation (LANDO)vs › | $718.63M | 1.07 | 1.16 | 1.07 | 1.16 |
| Adamas Trust, Inc. (ADAM)vs › | $697.34M | N/A | 0.81 | 0.72 | 0.71 |
At 5.99, P/B is above its estimated 7-year median — higher than 82% of readings in its estimated 7-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 7-year low
1.78
median
4.72
estimated 7-year high
7.17
P/B Ratio
5.99
Market Price / Book Value per Share
PB Ratio = Market Cap / (Total Shareholders' Equity − Preferred Stock)
The price-to-book ratio compares market capitalization to book value attributable to common shareholders (total equity minus preferred stock). Lower values can indicate a cheaper valuation relative to net assets.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | PB RATIO |
|---|---|
| 2026-10-05 | 6.02 |
| 2026-10-02 | 6.17 |
| 2026-10-01 | 6.24 |
| 2026-09-30 | 6.27 |
| 2026-09-29 | 6.26 |
| 2026-09-28 | 6.42 |
| 2026-09-25 | 6.56 |
| 2026-09-24 | 6.62 |
| 2026-09-23 | 6.68 |
| 2026-09-22 | 6.68 |
| 2026-09-21 | 6.68 |
| 2026-09-18 | 6.76 |
| 2026-09-17 | 6.74 |
| 2026-09-16 | 6.68 |
| 2026-09-15 | 6.72 |
| 2026-09-14 | 6.68 |
| 2026-09-11 | 6.60 |
| 2026-09-10 | 6.74 |
| 2026-09-09 | 6.76 |
| 2026-09-08 | 6.77 |
| 2026-09-04 | 6.90 |
| 2026-09-03 | 6.99 |
| 2026-09-02 | 6.98 |
| 2026-09-01 | 6.95 |
| 2026-08-31 | 7.08 |
| 2026-08-28 | 6.96 |
| 2026-08-27 | 6.92 |
| 2026-08-26 | 7.02 |
| 2026-08-25 | 7.04 |
| 2026-08-24 | 6.98 |
| 2026-08-21 | 7.00 |
| 2026-08-20 | 7.08 |
| 2026-08-19 | 7.13 |
| 2026-08-18 | 7.03 |
| 2026-08-17 | 7.08 |
| 2026-08-14 | 7.13 |
| 2026-08-13 | 7.13 |
| 2026-08-12 | 7.07 |
| 2026-08-11 | 7.17 |
| 2026-08-10 | 7.15 |
| 2026-08-07 | 7.17 |
| 2026-08-06 | 7.07 |
| 2026-08-05 | 6.80 |
| 2026-08-04 | 6.77 |
| 2026-08-03 | 6.65 |
| 2026-07-31 | 6.65 |
| 2026-07-30 | 6.71 |
| 2026-07-29 | 6.64 |
| 2026-07-28 | 6.64 |
| 2026-07-27 | 6.63 |
| 2026-07-24 | 6.72 |
| 2026-07-23 | 6.70 |
| 2026-07-22 | 6.75 |
| 2026-07-21 | 6.76 |
| 2026-07-20 | 6.68 |
| 2026-07-17 | 6.64 |
| 2026-07-16 | 6.55 |
| 2026-07-15 | 6.56 |
| 2026-07-14 | 6.50 |
| 2026-07-13 | 6.54 |
| 2026-07-10 | 6.50 |
| 2026-07-09 | 6.47 |
| 2026-07-08 | 6.48 |
| 2026-07-07 | 6.54 |
| 2026-07-06 | 6.50 |
| 2026-07-02 | 6.49 |
| 2026-07-01 | 6.41 |
| 2026-06-30 | 6.44 |
| 2026-06-29 | 6.47 |
| 2026-06-26 | 6.47 |
| 2026-06-25 | 6.48 |
| 2026-06-24 | 6.49 |
| 2026-06-23 | 6.49 |
| 2026-06-22 | 6.44 |
| 2026-06-18 | 6.56 |
| 2026-06-17 | 6.55 |
| 2026-06-16 | 6.50 |
| 2026-06-15 | 6.48 |
| 2026-06-12 | 6.58 |
| 2026-06-11 | 6.58 |
| 2026-06-10 | 6.53 |
| 2026-06-09 | 6.52 |
| 2026-06-08 | 6.53 |
| 2026-06-05 | 6.52 |
| 2026-06-04 | 6.52 |
| 2026-06-03 | 6.52 |
| 2026-06-02 | 6.52 |
| 2026-06-01 | 6.50 |
| 2026-05-29 | 6.54 |
| 2026-05-28 | 6.51 |
| 2026-05-27 | 6.48 |
| 2026-05-26 | 6.48 |
| 2026-05-22 | 6.47 |
| 2026-05-21 | 6.47 |
| 2026-05-20 | 6.46 |
| 2026-05-19 | 6.54 |
| 2026-05-18 | 6.47 |
| 2026-05-15 | 6.43 |
| 2026-05-14 | 6.44 |
| 2026-05-13 | 6.44 |
| 2026-05-12 | 6.43 |
| 2026-05-11 | 6.39 |
| 2026-05-08 | 6.46 |
| 2026-05-07 | 6.45 |
| 2026-05-06 | 6.43 |
| 2026-05-05 | 6.12 |
| 2026-05-04 | 6.11 |
| 2026-05-01 | 6.11 |
| 2026-04-30 | 6.12 |
| 2026-04-29 | 6.08 |
| 2026-04-28 | 6.10 |
| 2026-04-27 | 6.08 |
| 2026-04-24 | 6.08 |
| 2026-04-23 | 6.10 |
| 2026-04-22 | 6.13 |
| 2026-04-21 | 6.18 |
| 2026-04-20 | 6.17 |
| 2026-04-17 | 6.11 |
| 2026-04-16 | 6.21 |
| 2026-04-15 | 6.13 |
| 2026-04-14 | 6.18 |
| 2026-04-13 | 6.17 |
| 2026-04-10 | 6.12 |
| 2026-04-09 | 6.09 |
| 2026-04-08 | 6.11 |
| 2026-04-07 | 6.12 |
| 2026-04-06 | 6.11 |
| 2026-04-02 | 6.06 |
| 2026-04-01 | 6.16 |
| 2026-03-31 | 6.05 |
| 2026-03-30 | 6.18 |
| 2026-03-27 | 6.19 |
| 2026-03-26 | 6.16 |
| 2026-03-25 | 6.13 |
| 2026-03-24 | 6.13 |
| 2026-03-23 | 6.14 |
| 2026-03-20 | 6.10 |
| 2026-03-19 | 6.17 |
| 2026-03-18 | 6.10 |
| 2026-03-17 | 6.20 |
| 2026-03-16 | 6.23 |
| 2026-03-13 | 6.25 |
| 2026-03-12 | 6.25 |
| 2026-03-11 | 6.26 |
| 2026-03-10 | 6.25 |
| 2026-03-09 | 6.26 |
| 2026-03-06 | 6.27 |
| 2026-03-05 | 6.28 |
| 2026-03-04 | 6.28 |
| 2026-03-03 | 6.30 |
| 2026-03-02 | 6.29 |
| 2026-02-27 | 6.32 |
| 2026-02-26 | 6.30 |
| 2026-02-25 | 6.30 |
| 2026-02-24 | 6.29 |
| 2026-02-23 | 6.29 |
| 2026-02-20 | 6.29 |
| 2026-02-19 | 6.33 |
| 2026-02-18 | 5.86 |
| 2026-02-17 | 5.94 |
| 2026-02-13 | 5.88 |
| 2026-02-12 | 5.89 |
| 2026-02-11 | 5.89 |
| 2026-02-10 | 5.85 |
| 2026-02-09 | 5.89 |
| 2026-02-06 | 5.89 |
| 2026-02-05 | 5.88 |
| 2026-02-04 | 5.86 |
| 2026-02-03 | 5.85 |
| 2026-02-02 | 5.85 |
| 2026-01-30 | 5.83 |
| 2026-01-29 | 5.83 |
| 2026-01-28 | 5.77 |
| 2026-01-27 | 5.80 |
| 2026-01-26 | 5.78 |
| 2026-01-23 | 5.81 |
| 2026-01-22 | 5.89 |
| 2026-01-21 | 5.83 |
| 2026-01-20 | 5.86 |
| 2026-01-16 | 5.93 |
| 2026-01-15 | 5.87 |
| 2026-01-14 | 5.82 |
| 2026-01-13 | 5.78 |
| 2026-01-12 | 5.86 |
| 2026-01-09 | 5.85 |
| 2026-01-08 | 5.78 |
| 2026-01-07 | 5.76 |
| 2026-01-06 | 5.78 |
| 2026-01-05 | 5.80 |
| 2026-01-02 | 5.84 |
| 2025-12-31 | 5.87 |
| 2025-12-30 | 5.87 |
| 2025-12-29 | 5.81 |
| 2025-12-26 | 5.89 |
| 2025-12-24 | 5.88 |
| 2025-12-23 | 5.88 |
| 2025-12-22 | 5.90 |
| 2025-12-19 | 5.92 |
| 2025-12-18 | 5.90 |
| 2025-12-17 | 5.97 |
| 2025-12-16 | 5.95 |
| 2025-12-15 | 6.01 |
| 2025-12-12 | 6.07 |
| 2025-12-11 | 6.00 |
| 2025-12-10 | 5.99 |
| 2025-12-09 | 6.00 |
| 2025-12-08 | 5.97 |
| 2025-12-05 | 5.94 |
| 2025-12-04 | 5.88 |
| 2025-12-03 | 5.77 |
| 2025-12-02 | 5.72 |
| 2025-12-01 | 5.66 |
| 2025-11-28 | 5.54 |
| 2025-11-26 | 5.45 |
| 2025-11-25 | 5.45 |
| 2025-11-24 | 5.46 |
| 2025-11-21 | 5.43 |
| 2025-11-20 | 5.61 |
| 2025-11-19 | 5.50 |
| 2025-11-18 | 5.53 |
| 2025-11-17 | 5.52 |
| 2025-11-14 | 5.58 |
| 2025-11-13 | 5.65 |
| 2025-11-12 | 5.67 |
| 2025-11-11 | 5.72 |
| 2025-11-10 | 5.68 |
| 2025-11-07 | 5.70 |
| 2025-11-06 | 5.71 |
| 2025-11-05 | 5.75 |
| 2025-11-04 | 5.71 |
| 2025-11-03 | 5.80 |
| 2025-10-31 | 5.85 |
| 2025-10-30 | 5.87 |
| 2025-10-29 | 5.88 |
| 2025-10-28 | 5.87 |
| 2025-10-27 | 5.87 |
| 2025-10-24 | 5.82 |
| 2025-10-23 | 5.83 |
| 2025-10-22 | 5.87 |
| 2025-10-21 | 5.88 |
| 2025-10-20 | 5.80 |
| 2025-10-17 | 5.86 |
| 2025-10-16 | 5.86 |
| 2025-10-15 | 5.91 |
| 2025-10-14 | 5.88 |
| 2025-10-13 | 5.82 |
| 2025-10-10 | 5.79 |
| 2025-10-09 | 5.76 |
| 2025-10-08 | 5.80 |
| 2025-10-07 | 5.78 |
| 2025-10-06 | 5.80 |
| 2025-10-03 | 5.81 |
| 2025-10-02 | 5.76 |
| 2025-10-01 | 5.82 |
| 2025-09-30 | 5.80 |
| 2025-09-29 | 5.84 |
| 2025-09-26 | 5.80 |
| 2025-09-25 | 5.78 |
| 2025-09-24 | 5.81 |
| 2025-09-23 | 5.85 |
Showing the most recent 260 of 1,765 data points. The chart above shows the full history.
