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 1.56 is 15% below its estimated 5-year average of 1.84, near the low end of its estimated 5-year range (1.38–3.45).
As of 2026-09-09T20:00:03.000Z. 2.18% below its estimated 12-month average of 1.59.
Quote observation: 2026-09-09T20:00:03.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 0c9a31bcfc23be5065d77dcd5096a282b114ced3edcc1e349a84d46a393fdefb
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 2026-09-09.
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
1.56
PB RATIO AVG TTM
1.59
PB RATIO AVG 3Y
1.67
PB RATIO AVG 5Y
1.84
PB RATIO AVG 10Y
2.01
PB RATIO AVG 15Y
1.70
PB RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-2.18%
CURRENT VS 3Y AVG
-6.43%
CURRENT VS 5Y AVG
-15.11%
CURRENT VS 10Y AVG
-22.46%
CURRENT VS 15Y AVG
-8.47%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · REAL ESTATE
2.36
median of 38 covered companies
CURRENT VS SECTOR MEDIAN
-33.90%
vs the sector median at left
Market Cap
$8.08B
PB Ratio
2.91
TTM Avg
2.92
3Y Avg
2.70
5Y Avg
2.87
Market Cap
$8.77B
PB Ratio
0.56
TTM Avg
0.60
3Y Avg
0.85
5Y Avg
1.12
Market Cap
$9.95B
PB Ratio
2.96
TTM Avg
2.87
3Y Avg
2.82
5Y Avg
2.97
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Terreno Realty Corporation (TRNO) | $6.93B | 1.56 | 1.59 | 1.67 | 1.84 |
| First Industrial Realty Trust, Inc. (FR)vs › | $8.08B | 2.91 | 2.92 | 2.70 | 2.87 |
| NNN REIT, Inc. (NNN)vs › | $8.40B | 1.88 | 1.87 | 1.84 | 1.87 |
| Agree Realty Corporation (ADC)vs › | $8.72B | 1.34 | 1.42 | 1.33 | 1.33 |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $8.77B | 0.56 | 0.60 | 0.85 | 1.12 |
| CubeSmart (CUBE)vs › | $8.81B | 3.41 | 3.31 | 3.45 | 3.67 |
| Federal Realty Investment Trust (FRT)vs › | $9.95B | 2.96 | 2.87 | 2.82 | 2.97 |
| Apple Hospitality REIT, Inc. (APLE)vs › | $3.67B | 1.17 | 1.00 | 1.04 | 1.09 |
| BXP, Inc. (BXP)vs › | $10.25B | 1.99 | 2.03 | 1.93 | 2.09 |
| Fermi Inc. Common Stock (FRMI)vs › | $3.53B | 3.42 | 3.70 | 3.70 | 3.70 |
At 1.56, P/B is near its estimated 16-year median — higher than 43% of readings in its estimated 16-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 16-year low
0.65
median
1.65
estimated 16-year high
3.45
P/B Ratio
1.56
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 |
|---|---|
| 2026-09-09 | 1.57 |
| 2026-09-08 | 1.59 |
| 2026-09-04 | 1.58 |
| 2026-09-03 | 1.58 |
| 2026-09-02 | 1.58 |
| 2026-09-01 | 1.60 |
| 2026-08-31 | 1.59 |
| 2026-08-28 | 1.60 |
| 2026-08-27 | 1.62 |
| 2026-08-26 | 1.63 |
| 2026-08-25 | 1.65 |
| 2026-08-24 | 1.66 |
| 2026-08-21 | 1.64 |
| 2026-08-20 | 1.65 |
| 2026-08-19 | 1.65 |
| 2026-08-18 | 1.65 |
| 2026-08-17 | 1.64 |
| 2026-08-14 | 1.64 |
| 2026-08-13 | 1.66 |
| 2026-08-12 | 1.65 |
| 2026-08-11 | 1.64 |
| 2026-08-10 | 1.65 |
| 2026-08-07 | 1.65 |
| 2026-08-06 | 1.64 |
| 2026-08-05 | 1.70 |
| 2026-08-04 | 1.72 |
| 2026-08-03 | 1.76 |
| 2026-07-31 | 1.76 |
| 2026-07-30 | 1.77 |
| 2026-07-29 | 1.76 |
| 2026-07-28 | 1.79 |
| 2026-07-27 | 1.79 |
| 2026-07-24 | 1.78 |
| 2026-07-23 | 1.77 |
| 2026-07-22 | 1.79 |
| 2026-07-21 | 1.83 |
| 2026-07-20 | 1.82 |
| 2026-07-17 | 1.84 |
| 2026-07-16 | 1.84 |
| 2026-07-15 | 1.76 |
| 2026-07-14 | 1.74 |
| 2026-07-13 | 1.72 |
| 2026-07-10 | 1.70 |
| 2026-07-09 | 1.68 |
| 2026-07-08 | 1.65 |
| 2026-07-07 | 1.68 |
| 2026-07-06 | 1.68 |
| 2026-07-02 | 1.65 |
| 2026-07-01 | 1.62 |
| 2026-06-30 | 1.59 |
| 2026-06-29 | 1.61 |
| 2026-06-26 | 1.62 |
| 2026-06-25 | 1.60 |
| 2026-06-24 | 1.60 |
| 2026-06-23 | 1.61 |
| 2026-06-22 | 1.59 |
| 2026-06-18 | 1.58 |
| 2026-06-17 | 1.56 |
| 2026-06-16 | 1.62 |
| 2026-06-15 | 1.63 |
| 2026-06-12 | 1.65 |
| 2026-06-11 | 1.63 |
| 2026-06-10 | 1.62 |
| 2026-06-09 | 1.64 |
| 2026-06-08 | 1.56 |
| 2026-06-05 | 1.58 |
| 2026-06-04 | 1.58 |
| 2026-06-03 | 1.57 |
| 2026-06-02 | 1.56 |
| 2026-06-01 | 1.55 |
| 2026-05-29 | 1.61 |
| 2026-05-28 | 1.64 |
| 2026-05-27 | 1.64 |
| 2026-05-26 | 1.63 |
| 2026-05-22 | 1.62 |
| 2026-05-21 | 1.63 |
| 2026-05-20 | 1.62 |
| 2026-05-19 | 1.59 |
| 2026-05-18 | 1.61 |
| 2026-05-15 | 1.59 |
| 2026-05-14 | 1.61 |
| 2026-05-13 | 1.62 |
| 2026-05-12 | 1.61 |
| 2026-05-11 | 1.61 |
| 2026-05-08 | 1.62 |
| 2026-05-07 | 1.63 |
| 2026-05-06 | 1.65 |
| 2026-05-05 | 1.62 |
| 2026-05-04 | 1.61 |
| 2026-05-01 | 1.63 |
| 2026-04-30 | 1.63 |
| 2026-04-29 | 1.62 |
| 2026-04-28 | 1.65 |
| 2026-04-27 | 1.65 |
| 2026-04-24 | 1.63 |
| 2026-04-23 | 1.66 |
| 2026-04-22 | 1.65 |
| 2026-04-21 | 1.65 |
| 2026-04-20 | 1.68 |
| 2026-04-17 | 1.67 |
| 2026-04-16 | 1.64 |
| 2026-04-15 | 1.64 |
| 2026-04-14 | 1.64 |
| 2026-04-13 | 1.64 |
| 2026-04-10 | 1.63 |
| 2026-04-09 | 1.63 |
| 2026-04-08 | 1.60 |
| 2026-04-07 | 1.57 |
| 2026-04-06 | 1.56 |
| 2026-04-02 | 1.55 |
| 2026-04-01 | 1.54 |
| 2026-03-31 | 1.53 |
| 2026-03-30 | 1.51 |
| 2026-03-27 | 1.52 |
| 2026-03-26 | 1.54 |
| 2026-03-25 | 1.54 |
| 2026-03-24 | 1.52 |
| 2026-03-23 | 1.52 |
| 2026-03-20 | 1.51 |
| 2026-03-19 | 1.55 |
| 2026-03-18 | 1.55 |
| 2026-03-17 | 1.59 |
| 2026-03-16 | 1.57 |
| 2026-03-13 | 1.55 |
| 2026-03-12 | 1.55 |
| 2026-03-11 | 1.57 |
| 2026-03-10 | 1.58 |
| 2026-03-09 | 1.57 |
| 2026-03-06 | 1.56 |
| 2026-03-05 | 1.59 |
| 2026-03-04 | 1.62 |
| 2026-03-03 | 1.63 |
| 2026-03-02 | 1.66 |
| 2026-02-27 | 1.65 |
| 2026-02-26 | 1.66 |
| 2026-02-25 | 1.66 |
| 2026-02-24 | 1.63 |
| 2026-02-23 | 1.64 |
| 2026-02-20 | 1.65 |
| 2026-02-19 | 1.62 |
| 2026-02-18 | 1.64 |
| 2026-02-17 | 1.65 |
| 2026-02-13 | 1.65 |
| 2026-02-12 | 1.61 |
| 2026-02-11 | 1.63 |
| 2026-02-10 | 1.63 |
| 2026-02-09 | 1.65 |
| 2026-02-06 | 1.65 |
| 2026-02-05 | 1.63 |
| 2026-02-04 | 1.66 |
| 2026-02-03 | 1.61 |
| 2026-02-02 | 1.59 |
| 2026-01-30 | 1.59 |
| 2026-01-29 | 1.59 |
| 2026-01-28 | 1.55 |
| 2026-01-27 | 1.59 |
| 2026-01-26 | 1.58 |
| 2026-01-23 | 1.61 |
| 2026-01-22 | 1.60 |
| 2026-01-21 | 1.61 |
| 2026-01-20 | 1.60 |
| 2026-01-16 | 1.62 |
| 2026-01-15 | 1.58 |
| 2026-01-14 | 1.57 |
| 2026-01-13 | 1.55 |
| 2026-01-12 | 1.53 |
| 2026-01-09 | 1.54 |
| 2026-01-08 | 1.54 |
| 2026-01-07 | 1.53 |
| 2026-01-06 | 1.52 |
| 2026-01-05 | 1.52 |
| 2026-01-02 | 1.52 |
| 2025-12-31 | 1.52 |
| 2025-12-30 | 1.54 |
| 2025-12-29 | 1.55 |
| 2025-12-26 | 1.56 |
| 2025-12-24 | 1.56 |
| 2025-12-23 | 1.54 |
| 2025-12-22 | 1.56 |
| 2025-12-19 | 1.57 |
| 2025-12-18 | 1.56 |
| 2025-12-17 | 1.57 |
| 2025-12-16 | 1.55 |
| 2025-12-15 | 1.56 |
| 2025-12-12 | 1.58 |
| 2025-12-11 | 1.61 |
| 2025-12-10 | 1.61 |
| 2025-12-09 | 1.58 |
| 2025-12-08 | 1.57 |
| 2025-12-05 | 1.61 |
| 2025-12-04 | 1.61 |
| 2025-12-03 | 1.61 |
| 2025-12-02 | 1.61 |
| 2025-12-01 | 1.62 |
| 2025-11-28 | 1.62 |
| 2025-11-26 | 1.62 |
| 2025-11-25 | 1.61 |
| 2025-11-24 | 1.61 |
| 2025-11-21 | 1.60 |
| 2025-11-20 | 1.55 |
| 2025-11-19 | 1.54 |
| 2025-11-18 | 1.56 |
| 2025-11-17 | 1.55 |
| 2025-11-14 | 1.57 |
| 2025-11-13 | 1.58 |
| 2025-11-12 | 1.57 |
| 2025-11-11 | 1.60 |
| 2025-11-10 | 1.58 |
| 2025-11-07 | 1.57 |
| 2025-11-06 | 1.52 |
| 2025-11-05 | 1.52 |
| 2025-11-04 | 1.51 |
| 2025-11-03 | 1.51 |
| 2025-10-31 | 1.49 |
| 2025-10-30 | 1.53 |
| 2025-10-29 | 1.52 |
| 2025-10-28 | 1.58 |
| 2025-10-27 | 1.60 |
| 2025-10-24 | 1.59 |
| 2025-10-23 | 1.59 |
| 2025-10-22 | 1.60 |
| 2025-10-21 | 1.61 |
| 2025-10-20 | 1.62 |
| 2025-10-17 | 1.59 |
| 2025-10-16 | 1.56 |
| 2025-10-15 | 1.55 |
| 2025-10-14 | 1.50 |
| 2025-10-13 | 1.49 |
| 2025-10-10 | 1.46 |
| 2025-10-09 | 1.50 |
| 2025-10-08 | 1.52 |
| 2025-10-07 | 1.52 |
| 2025-10-06 | 1.53 |
| 2025-10-03 | 1.52 |
| 2025-10-02 | 1.51 |
| 2025-10-01 | 1.51 |
| 2025-09-30 | 1.48 |
| 2025-09-29 | 1.48 |
| 2025-09-26 | 1.51 |
| 2025-09-25 | 1.50 |
| 2025-09-24 | 1.50 |
| 2025-09-23 | 1.53 |
| 2025-09-22 | 1.54 |
| 2025-09-19 | 1.53 |
| 2025-09-18 | 1.53 |
| 2025-09-17 | 1.51 |
| 2025-09-16 | 1.53 |
| 2025-09-15 | 1.52 |
| 2025-09-12 | 1.53 |
| 2025-09-11 | 1.53 |
| 2025-09-10 | 1.50 |
| 2025-09-09 | 1.51 |
| 2025-09-08 | 1.53 |
| 2025-09-05 | 1.54 |
| 2025-09-04 | 1.51 |
| 2025-09-03 | 1.49 |
| 2025-09-02 | 1.46 |
| 2025-08-29 | 1.51 |
| 2025-08-28 | 1.51 |
| 2025-08-27 | 1.51 |
Showing the most recent 260 of 3,907 data points. The chart above shows the full history.