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 1.19 is in line with its estimated 5-year average of 1.09, near the high end of its estimated 5-year range (0.78–1.35).
As of 2026-09-23T20:20:32.850Z. 18.30% above its estimated 12-month average of 1.01.
Calculation as of: 2026-09-23T20:20:32.850Z.
Quote observation: 2026-09-23T20:02:47.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 81d02b8bfb7d3ee17b5a1879cf6512cac2a4256b72bf2198d3e2e04d96be0a9a
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
1.19
PB RATIO AVG TTM
1.01
PB RATIO AVG 3Y
1.04
PB RATIO AVG 5Y
1.09
PB RATIO AVG 10Y
1.09
PB RATIO AVG 15Y
N/A
PB RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+18.30%
CURRENT VS 3Y AVG
+14.16%
CURRENT VS 5Y AVG
+9.43%
CURRENT VS 10Y AVG
+8.91%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · REAL ESTATE
2.35
median of 38 covered companies
CURRENT VS SECTOR MEDIAN
-49.36%
vs the sector median at left
Market Cap
$8.10B
PB Ratio
2.92
TTM Avg
2.93
3Y Avg
2.70
5Y Avg
2.87
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Apple Hospitality REIT, Inc. (APLE) | $3.74B | 1.19 | 1.01 | 1.04 | 1.09 |
| Fermi Inc. Common Stock (FRMI)vs › | $3.07B | 2.98 | 3.70 | 3.70 | 3.70 |
| Opendoor Technologies Inc. (OPEN)vs › | $2.49B | 2.72 | 5.43 | 2.98 | 2.60 |
| Sunstone Hotel Investors, Inc. (SHO)vs › | $2.05B | 1.09 | 0.98 | 0.97 | 1.02 |
| Terreno Realty Corporation (TRNO)vs › | $7.02B | 1.58 | 1.60 | 1.67 | 1.92 |
| NNN REIT, Inc. (NNN)vs › | $7.86B | 1.76 | 1.87 | 1.84 | 1.87 |
| Agree Realty Corporation (ADC)vs › | $8.06B | 1.24 | 1.42 | 1.33 | 1.33 |
| First Industrial Realty Trust, Inc. (FR)vs › | $8.10B | 2.92 | 2.93 | 2.70 | 2.87 |
| CubeSmart (CUBE)vs › | $8.64B | 3.35 | 3.31 | 3.45 | 3.67 |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $9.04B | 0.58 | 0.60 | 0.85 | 1.12 |
At 1.19, P/B is above its estimated 11-year median — higher than 77% 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
0.33
median
1.11
estimated 11-year high
1.37
P/B Ratio
1.19
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 |
|---|---|
| 2026-09-11 | 1.17 |
| 2026-09-10 | 1.17 |
| 2026-09-09 | 1.17 |
| 2026-09-08 | 1.15 |
| 2026-09-04 | 1.17 |
| 2026-09-03 | 1.17 |
| 2026-09-02 | 1.18 |
| 2026-09-01 | 1.17 |
| 2026-08-31 | 1.20 |
| 2026-08-28 | 1.24 |
| 2026-08-27 | 1.24 |
| 2026-08-26 | 1.24 |
| 2026-08-25 | 1.26 |
| 2026-08-24 | 1.25 |
| 2026-08-21 | 1.25 |
| 2026-08-20 | 1.24 |
| 2026-08-19 | 1.23 |
| 2026-08-18 | 1.21 |
| 2026-08-17 | 1.20 |
| 2026-08-14 | 1.21 |
| 2026-08-13 | 1.19 |
| 2026-08-12 | 1.18 |
| 2026-08-11 | 1.17 |
| 2026-08-10 | 1.18 |
| 2026-08-07 | 1.22 |
| 2026-08-06 | 1.20 |
| 2026-08-05 | 1.25 |
| 2026-08-04 | 1.25 |
| 2026-08-03 | 1.25 |
| 2026-07-31 | 1.25 |
| 2026-07-30 | 1.25 |
| 2026-07-29 | 1.27 |
| 2026-07-28 | 1.27 |
| 2026-07-27 | 1.27 |
| 2026-07-24 | 1.27 |
| 2026-07-23 | 1.25 |
| 2026-07-22 | 1.28 |
| 2026-07-21 | 1.29 |
| 2026-07-20 | 1.28 |
| 2026-07-17 | 1.27 |
| 2026-07-16 | 1.27 |
| 2026-07-15 | 1.26 |
| 2026-07-14 | 1.26 |
| 2026-07-13 | 1.24 |
| 2026-07-10 | 1.25 |
| 2026-07-09 | 1.24 |
| 2026-07-08 | 1.21 |
| 2026-07-07 | 1.23 |
| 2026-07-06 | 1.25 |
| 2026-07-02 | 1.26 |
| 2026-07-01 | 1.24 |
| 2026-06-30 | 1.27 |
| 2026-06-29 | 1.28 |
| 2026-06-26 | 1.29 |
| 2026-06-25 | 1.28 |
| 2026-06-24 | 1.26 |
| 2026-06-23 | 1.25 |
| 2026-06-22 | 1.25 |
| 2026-06-18 | 1.25 |
| 2026-06-17 | 1.23 |
| 2026-06-16 | 1.24 |
| 2026-06-15 | 1.22 |
| 2026-06-12 | 1.22 |
| 2026-06-11 | 1.22 |
| 2026-06-10 | 1.20 |
| 2026-06-09 | 1.20 |
| 2026-06-08 | 1.18 |
| 2026-06-05 | 1.18 |
| 2026-06-04 | 1.18 |
| 2026-06-03 | 1.15 |
| 2026-06-02 | 1.13 |
| 2026-06-01 | 1.11 |
| 2026-05-29 | 1.11 |
| 2026-05-28 | 1.13 |
| 2026-05-27 | 1.12 |
| 2026-05-26 | 1.12 |
| 2026-05-22 | 1.09 |
| 2026-05-21 | 1.10 |
| 2026-05-20 | 1.10 |
| 2026-05-19 | 1.06 |
| 2026-05-18 | 1.06 |
| 2026-05-15 | 1.04 |
| 2026-05-14 | 1.06 |
| 2026-05-13 | 1.04 |
| 2026-05-12 | 1.04 |
| 2026-05-11 | 1.04 |
| 2026-05-08 | 1.07 |
| 2026-05-07 | 1.05 |
| 2026-05-06 | 1.06 |
| 2026-05-05 | 1.03 |
| 2026-05-04 | 0.99 |
| 2026-05-01 | 1.01 |
| 2026-04-30 | 1.02 |
| 2026-04-29 | 1.02 |
| 2026-04-28 | 1.01 |
| 2026-04-27 | 1.01 |
| 2026-04-24 | 1.00 |
| 2026-04-23 | 0.99 |
| 2026-04-22 | 0.98 |
| 2026-04-21 | 0.98 |
| 2026-04-20 | 0.99 |
| 2026-04-17 | 0.98 |
| 2026-04-16 | 0.95 |
| 2026-04-15 | 0.94 |
| 2026-04-14 | 0.96 |
| 2026-04-13 | 0.94 |
| 2026-04-10 | 0.94 |
| 2026-04-09 | 0.94 |
| 2026-04-08 | 0.91 |
| 2026-04-07 | 0.88 |
| 2026-04-06 | 0.88 |
| 2026-04-02 | 0.87 |
| 2026-04-01 | 0.87 |
| 2026-03-31 | 0.87 |
| 2026-03-30 | 0.87 |
| 2026-03-27 | 0.87 |
| 2026-03-26 | 0.90 |
| 2026-03-25 | 0.90 |
| 2026-03-24 | 0.89 |
| 2026-03-23 | 0.90 |
| 2026-03-20 | 0.88 |
| 2026-03-19 | 0.89 |
| 2026-03-18 | 0.89 |
| 2026-03-17 | 0.89 |
| 2026-03-16 | 0.89 |
| 2026-03-13 | 0.88 |
| 2026-03-12 | 0.90 |
| 2026-03-11 | 0.91 |
| 2026-03-10 | 0.91 |
| 2026-03-09 | 0.91 |
| 2026-03-06 | 0.92 |
| 2026-03-05 | 0.94 |
| 2026-03-04 | 0.94 |
| 2026-03-03 | 0.92 |
| 2026-03-02 | 0.93 |
| 2026-02-27 | 0.93 |
| 2026-02-26 | 0.95 |
| 2026-02-25 | 0.93 |
| 2026-02-24 | 0.92 |
| 2026-02-23 | 0.91 |
| 2026-02-20 | 0.92 |
| 2026-02-19 | 0.91 |
| 2026-02-18 | 0.91 |
| 2026-02-17 | 0.91 |
| 2026-02-13 | 0.91 |
| 2026-02-12 | 0.91 |
| 2026-02-11 | 0.92 |
| 2026-02-10 | 0.93 |
| 2026-02-09 | 0.91 |
| 2026-02-06 | 0.90 |
| 2026-02-05 | 0.89 |
| 2026-02-04 | 0.90 |
| 2026-02-03 | 0.88 |
| 2026-02-02 | 0.87 |
| 2026-01-30 | 0.87 |
| 2026-01-29 | 0.87 |
| 2026-01-28 | 0.85 |
| 2026-01-27 | 0.88 |
| 2026-01-26 | 0.91 |
| 2026-01-23 | 0.92 |
| 2026-01-22 | 0.93 |
| 2026-01-21 | 0.93 |
| 2026-01-20 | 0.91 |
| 2026-01-16 | 0.92 |
| 2026-01-15 | 0.92 |
| 2026-01-14 | 0.92 |
| 2026-01-13 | 0.92 |
| 2026-01-12 | 0.92 |
| 2026-01-09 | 0.93 |
| 2026-01-08 | 0.92 |
| 2026-01-07 | 0.90 |
| 2026-01-06 | 0.91 |
| 2026-01-05 | 0.89 |
| 2026-01-02 | 0.90 |
| 2025-12-31 | 0.88 |
| 2025-12-30 | 0.89 |
| 2025-12-29 | 0.89 |
| 2025-12-26 | 0.89 |
| 2025-12-24 | 0.90 |
| 2025-12-23 | 0.89 |
| 2025-12-22 | 0.90 |
| 2025-12-19 | 0.90 |
| 2025-12-18 | 0.91 |
| 2025-12-17 | 0.92 |
| 2025-12-16 | 0.90 |
| 2025-12-15 | 0.91 |
| 2025-12-12 | 0.90 |
| 2025-12-11 | 0.89 |
| 2025-12-10 | 0.87 |
| 2025-12-09 | 0.86 |
| 2025-12-08 | 0.85 |
| 2025-12-05 | 0.87 |
| 2025-12-04 | 0.86 |
| 2025-12-03 | 0.88 |
| 2025-12-02 | 0.88 |
| 2025-12-01 | 0.88 |
| 2025-11-28 | 0.88 |
| 2025-11-26 | 0.89 |
| 2025-11-25 | 0.89 |
| 2025-11-24 | 0.88 |
| 2025-11-21 | 0.87 |
| 2025-11-20 | 0.84 |
| 2025-11-19 | 0.85 |
| 2025-11-18 | 0.86 |
| 2025-11-17 | 0.86 |
| 2025-11-14 | 0.87 |
| 2025-11-13 | 0.87 |
| 2025-11-12 | 0.88 |
| 2025-11-11 | 0.88 |
| 2025-11-10 | 0.88 |
| 2025-11-07 | 0.87 |
| 2025-11-06 | 0.84 |
| 2025-11-05 | 0.84 |
| 2025-11-04 | 0.83 |
| 2025-11-03 | 0.85 |
| 2025-10-31 | 0.83 |
| 2025-10-30 | 0.85 |
| 2025-10-29 | 0.85 |
| 2025-10-28 | 0.86 |
| 2025-10-27 | 0.87 |
| 2025-10-24 | 0.87 |
| 2025-10-23 | 0.87 |
| 2025-10-22 | 0.87 |
| 2025-10-21 | 0.86 |
| 2025-10-20 | 0.87 |
| 2025-10-17 | 0.86 |
| 2025-10-16 | 0.86 |
| 2025-10-15 | 0.86 |
| 2025-10-14 | 0.86 |
| 2025-10-13 | 0.85 |
| 2025-10-10 | 0.84 |
| 2025-10-09 | 0.85 |
| 2025-10-08 | 0.86 |
| 2025-10-07 | 0.87 |
| 2025-10-06 | 0.87 |
| 2025-10-03 | 0.89 |
| 2025-10-02 | 0.90 |
| 2025-10-01 | 0.90 |
| 2025-09-30 | 0.89 |
| 2025-09-29 | 0.89 |
| 2025-09-26 | 0.89 |
| 2025-09-25 | 0.89 |
| 2025-09-24 | 0.90 |
| 2025-09-23 | 0.92 |
| 2025-09-22 | 0.91 |
| 2025-09-19 | 0.93 |
| 2025-09-18 | 0.94 |
| 2025-09-17 | 0.92 |
| 2025-09-16 | 0.93 |
| 2025-09-15 | 0.93 |
| 2025-09-12 | 0.93 |
| 2025-09-11 | 0.94 |
| 2025-09-10 | 0.93 |
| 2025-09-09 | 0.94 |
| 2025-09-08 | 0.95 |
| 2025-09-05 | 0.97 |
| 2025-09-04 | 0.97 |
| 2025-09-03 | 0.96 |
| 2025-09-02 | 0.95 |
| 2025-08-29 | 0.97 |
Showing the most recent 260 of 2,847 data points. The chart above shows the full history.
