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 12.17 is 65% above its estimated 1-year average of 7.37, near the high end of its estimated 1-year range (2.53–16.18).
As of 2026-10-06T20:04:47.353Z. 63.88% above its estimated 12-month average of 7.43.
Calculation as of: 2026-10-06T20:04:47.353Z.
Quote observation: 2026-10-06T20:00:00.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: abf140c58a676f44790715d67e34cba5486332fb2892ab7d09ddcc5c51eb4a00
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
12.17
PB RATIO AVG TTM
7.43
PB RATIO AVG 3Y
7.37
PB RATIO AVG 5Y
7.37
PB RATIO AVG 10Y
7.37
PB RATIO AVG 15Y
N/A
PB RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+63.88%
CURRENT VS 3Y AVG
+65.10%
CURRENT VS 5Y AVG
+65.10%
CURRENT VS 10Y AVG
+65.10%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · REAL ESTATE
1.41
median of 101 covered companies
CURRENT VS SECTOR MEDIAN
+763.12%
vs the sector median at left
Market Cap
$2.53B
PB Ratio
1.66
TTM Avg
1.43
3Y Avg
1.21
5Y Avg
1.21
Market Cap
$949.35M
PB Ratio
6.03
TTM Avg
6.24
3Y Avg
5.88
5Y Avg
5.26
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Uniti Group Inc. (UNIT) | $1.97B | 12.17 | 7.43 | 7.37 | 7.37 |
| Newmark Group, Inc. (NMRK)vs › | $1.97B | 1.37 | 2.89 | 2.48 | 2.29 |
| Sunstone Hotel Investors, Inc. (SHO)vs › | $2.09B | 1.28 | 1.15 | 1.13 | 1.18 |
| Diversified Healthcare Trust (DHC)vs › | $1.84B | 1.16 | 1.01 | 0.56 | 0.41 |
| Opendoor Technologies Inc. (OPEN)vs › | $2.19B | 2.40 | 4.94 | 3.00 | 2.57 |
| DiamondRock Hospitality Company (DRH)vs › | $2.53B | 1.66 | 1.43 | 1.21 | 1.21 |
| Fermi Inc. Common Stock (FRMI)vs › | $2.70B | 2.61 | 3.59 | 3.59 | 3.59 |
| Hotel101 Global Holdings Corp. (HBNB)vs › | $1.06B | 62.09 | N/A | N/A | N/A |
| Gladstone Commercial Corp Pref (GOODN)vs › | $949.35M | 6.03 | 6.24 | 5.88 | 5.26 |
| Park Hotels & Resorts Inc. (PK)vs › | $3.07B | 0.99 | 0.77 | 0.76 | 0.77 |
At 12.17, P/B is above its estimated 11-year median — higher than 65% of readings in its estimated 11-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 11-year low
2.53
median
8.75
estimated 11-year high
524.55
P/B Ratio
12.17
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 | 12.45 |
| 2026-10-02 | 12.59 |
| 2026-10-01 | 12.43 |
| 2026-09-30 | 13.12 |
| 2026-09-29 | 13.42 |
| 2026-09-28 | 13.55 |
| 2026-09-25 | 13.95 |
| 2026-09-24 | 13.98 |
| 2026-09-23 | 14.34 |
| 2026-09-22 | 14.99 |
| 2026-09-21 | 14.81 |
| 2026-09-18 | 14.80 |
| 2026-09-17 | 15.10 |
| 2026-09-16 | 14.94 |
| 2026-09-15 | 15.31 |
| 2026-09-14 | 15.22 |
| 2026-09-11 | 15.77 |
| 2026-09-10 | 15.46 |
| 2026-09-09 | 15.72 |
| 2026-09-08 | 16.05 |
| 2026-09-04 | 15.93 |
| 2026-09-03 | 15.93 |
| 2026-09-02 | 15.42 |
| 2026-09-01 | 15.27 |
| 2026-08-31 | 15.53 |
| 2026-08-28 | 15.69 |
| 2026-08-27 | 15.88 |
| 2026-08-26 | 15.91 |
| 2026-08-25 | 15.82 |
| 2026-08-24 | 15.42 |
| 2026-08-21 | 15.61 |
| 2026-08-20 | 15.75 |
| 2026-08-19 | 16.18 |
| 2026-08-18 | 15.52 |
| 2026-08-17 | 15.42 |
| 2026-08-14 | 15.68 |
| 2026-08-13 | 15.33 |
| 2026-08-12 | 14.89 |
| 2026-08-11 | 14.52 |
| 2026-08-10 | 14.70 |
| 2026-08-07 | 14.94 |
| 2026-08-06 | 15.05 |
| 2026-08-05 | 15.17 |
| 2026-08-04 | 15.74 |
| 2026-08-03 | 15.10 |
| 2026-07-31 | 15.22 |
| 2026-07-30 | 7.33 |
| 2026-07-29 | 8.18 |
| 2026-07-28 | 8.21 |
| 2026-07-27 | 8.49 |
| 2026-07-24 | 8.53 |
| 2026-07-23 | 8.69 |
| 2026-07-22 | 8.78 |
| 2026-07-21 | 8.73 |
| 2026-07-20 | 8.64 |
| 2026-07-17 | 8.71 |
| 2026-07-16 | 8.66 |
| 2026-07-15 | 8.82 |
| 2026-07-14 | 8.68 |
| 2026-07-13 | 8.71 |
| 2026-07-10 | 8.54 |
| 2026-07-09 | 8.76 |
| 2026-07-08 | 8.60 |
| 2026-07-07 | 8.49 |
| 2026-07-06 | 8.71 |
| 2026-07-02 | 8.48 |
| 2026-07-01 | 8.81 |
| 2026-06-30 | 9.04 |
| 2026-06-29 | 8.99 |
| 2026-06-26 | 8.73 |
| 2026-06-25 | 9.04 |
| 2026-06-24 | 8.93 |
| 2026-06-23 | 9.08 |
| 2026-06-22 | 8.83 |
| 2026-06-18 | 9.18 |
| 2026-06-17 | 9.22 |
| 2026-06-16 | 9.70 |
| 2026-06-15 | 9.94 |
| 2026-06-12 | 10.05 |
| 2026-06-11 | 9.87 |
| 2026-06-10 | 9.16 |
| 2026-06-09 | 9.00 |
| 2026-06-08 | 9.06 |
| 2026-06-05 | 9.21 |
| 2026-06-04 | 9.30 |
| 2026-06-03 | 8.86 |
| 2026-06-02 | 8.95 |
| 2026-06-01 | 8.78 |
| 2026-05-29 | 8.85 |
| 2026-05-28 | 9.01 |
| 2026-05-27 | 9.04 |
| 2026-05-26 | 8.89 |
| 2026-05-22 | 8.71 |
| 2026-05-21 | 8.77 |
| 2026-05-20 | 8.63 |
| 2026-05-19 | 8.41 |
| 2026-05-18 | 8.52 |
| 2026-05-15 | 8.71 |
| 2026-05-14 | 8.87 |
| 2026-05-13 | 8.91 |
| 2026-05-12 | 8.85 |
| 2026-05-11 | 8.97 |
| 2026-05-08 | 8.89 |
| 2026-05-07 | 8.77 |
| 2026-05-06 | 8.93 |
| 2026-05-05 | 9.07 |
| 2026-05-04 | 9.04 |
| 2026-05-01 | 9.28 |
| 2026-04-30 | 9.33 |
| 2026-04-29 | 8.84 |
| 2026-04-28 | 9.06 |
| 2026-04-27 | 9.30 |
| 2026-04-24 | 9.45 |
| 2026-04-23 | 9.27 |
| 2026-04-22 | 9.33 |
| 2026-04-21 | 9.24 |
| 2026-04-20 | 9.41 |
| 2026-04-17 | 9.17 |
| 2026-04-16 | 8.72 |
| 2026-04-15 | 8.71 |
| 2026-04-14 | 8.61 |
| 2026-04-13 | 8.58 |
| 2026-04-10 | 8.55 |
| 2026-04-09 | 8.41 |
| 2026-04-08 | 8.30 |
| 2026-04-07 | 8.19 |
| 2026-04-06 | 8.12 |
| 2026-04-02 | 8.15 |
| 2026-04-01 | 7.89 |
| 2026-03-31 | 6.21 |
| 2026-03-30 | 5.36 |
| 2026-03-27 | 5.21 |
| 2026-03-26 | 5.19 |
| 2026-03-25 | 5.21 |
| 2026-03-24 | 5.22 |
| 2026-03-23 | 5.14 |
| 2026-03-20 | 4.97 |
| 2026-03-19 | 5.24 |
| 2026-03-18 | 5.03 |
| 2026-03-17 | 5.36 |
| 2026-03-16 | 5.11 |
| 2026-03-13 | 5.11 |
| 2026-03-12 | 5.17 |
| 2026-03-11 | 5.52 |
| 2026-03-10 | 5.66 |
| 2026-03-09 | 5.45 |
| 2026-03-06 | 5.33 |
| 2026-03-05 | 5.33 |
| 2026-03-04 | 5.19 |
| 2026-03-03 | 5.14 |
| 2026-03-02 | 3.69 |
| 2026-02-27 | 3.45 |
| 2026-02-26 | 3.53 |
| 2026-02-25 | 3.63 |
| 2026-02-24 | 3.65 |
| 2026-02-23 | 3.80 |
| 2026-02-20 | 4.04 |
| 2026-02-19 | 3.92 |
| 2026-02-18 | 3.87 |
| 2026-02-17 | 3.93 |
| 2026-02-13 | 3.94 |
| 2026-02-12 | 3.80 |
| 2026-02-11 | 3.86 |
| 2026-02-10 | 3.83 |
| 2026-02-09 | 3.80 |
| 2026-02-06 | 3.79 |
| 2026-02-05 | 3.69 |
| 2026-02-04 | 3.75 |
| 2026-02-03 | 3.86 |
| 2026-02-02 | 3.82 |
| 2026-01-30 | 3.92 |
| 2026-01-29 | 3.55 |
| 2026-01-28 | 3.46 |
| 2026-01-27 | 3.45 |
| 2026-01-26 | 3.45 |
| 2026-01-23 | 3.49 |
| 2026-01-22 | 3.63 |
| 2026-01-21 | 3.65 |
| 2026-01-20 | 3.54 |
| 2026-01-16 | 3.54 |
| 2026-01-15 | 3.54 |
| 2026-01-14 | 3.65 |
| 2026-01-13 | 3.60 |
| 2026-01-12 | 3.69 |
| 2026-01-09 | 3.55 |
| 2026-01-08 | 3.44 |
| 2026-01-07 | 3.49 |
| 2026-01-06 | 3.36 |
| 2026-01-05 | 3.36 |
| 2026-01-02 | 3.22 |
| 2025-12-31 | 3.30 |
| 2025-12-30 | 3.26 |
| 2025-12-29 | 3.30 |
| 2025-12-26 | 3.31 |
| 2025-12-24 | 3.38 |
| 2025-12-23 | 3.37 |
| 2025-12-22 | 3.40 |
| 2025-12-19 | 3.36 |
| 2025-12-18 | 3.39 |
| 2025-12-17 | 3.38 |
| 2025-12-16 | 3.47 |
| 2025-12-15 | 3.54 |
| 2025-12-12 | 3.51 |
| 2025-12-11 | 3.41 |
| 2025-12-10 | 3.18 |
| 2025-12-09 | 3.05 |
| 2025-12-08 | 3.06 |
| 2025-12-05 | 3.01 |
| 2025-12-04 | 3.10 |
| 2025-12-03 | 3.14 |
| 2025-12-02 | 3.12 |
| 2025-12-01 | 3.03 |
| 2025-11-28 | 3.00 |
| 2025-11-26 | 2.97 |
| 2025-11-25 | 2.95 |
| 2025-11-24 | 2.80 |
| 2025-11-21 | 2.82 |
| 2025-11-20 | 2.76 |
| 2025-11-19 | 2.81 |
| 2025-11-18 | 2.90 |
| 2025-11-17 | 2.97 |
| 2025-11-14 | 2.96 |
| 2025-11-13 | 2.85 |
| 2025-11-12 | 3.17 |
| 2025-11-11 | 3.22 |
| 2025-11-10 | 3.08 |
| 2025-11-07 | 3.06 |
| 2025-11-06 | 2.95 |
| 2025-11-05 | 3.02 |
| 2025-11-04 | 2.83 |
| 2025-11-03 | 2.89 |
| 2025-10-31 | 2.72 |
| 2025-10-30 | 2.74 |
| 2025-10-29 | 2.75 |
| 2025-10-28 | 2.85 |
| 2025-10-27 | 2.93 |
| 2025-10-24 | 2.83 |
| 2025-10-23 | 2.73 |
| 2025-10-22 | 2.62 |
| 2025-10-21 | 2.64 |
| 2025-10-20 | 2.64 |
| 2025-10-17 | 2.66 |
| 2025-10-16 | 2.64 |
| 2025-10-15 | 2.70 |
| 2025-10-14 | 2.53 |
| 2025-10-13 | 2.57 |
| 2025-10-10 | 2.70 |
| 2025-10-09 | 2.85 |
| 2025-10-08 | 2.89 |
| 2025-10-07 | 2.83 |
| 2025-10-06 | 2.88 |
| 2025-10-03 | 2.75 |
| 2025-10-02 | 2.73 |
| 2025-10-01 | 2.85 |
| 2015-08-13 | 418.84 |
| 2015-08-12 | 399.99 |
| 2015-08-11 | 406.47 |
| 2015-08-10 | 415.09 |
| 2015-08-07 | 401.02 |
| 2015-08-06 | 402.49 |
Showing the most recent 260 of 318 data points. The chart above shows the full history.