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 3.01 is 16% below its estimated 1-year average of 3.59, near the low end of its estimated 1-year range (2.76–5.58).
As of 2026-09-23T19:50:42.863Z.
Calculation as of: 2026-09-23T19:50:42.863Z.
Quote observation: 2026-09-23T19:50:11.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 598116c49fac29a66961a572ac91823fd743580fe242a1b484adb3c62ab6af47
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
3.01
PB RATIO AVG TTM
N/A
PB RATIO AVG 3Y
N/A
PB RATIO AVG 5Y
N/A
PB RATIO AVG 10Y
N/A
PB RATIO AVG 15Y
N/A
PB RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
N/A
CURRENT VS 3Y AVG
N/A
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
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
+28.09%
vs the sector median at left
Market Cap
$8.12B
PB Ratio
2.93
TTM Avg
2.93
3Y Avg
2.70
5Y Avg
2.87
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Fermi Inc. Common Stock (FRMI) | $3.10B | 3.01 | N/A | N/A | N/A |
| Opendoor Technologies Inc. (OPEN)vs › | $2.50B | 2.73 | 5.43 | 2.98 | 2.60 |
| Apple Hospitality REIT, Inc. (APLE)vs › | $3.74B | 1.19 | 1.01 | 1.04 | 1.09 |
| Sunstone Hotel Investors, Inc. (SHO)vs › | $2.05B | 1.09 | 0.98 | 0.97 | 1.02 |
| Terreno Realty Corporation (TRNO)vs › | $7.03B | 1.59 | 1.60 | 1.67 | 1.92 |
| NNN REIT, Inc. (NNN)vs › | $7.88B | 1.77 | 1.87 | 1.84 | 1.87 |
| Agree Realty Corporation (ADC)vs › | $8.10B | 1.24 | 1.42 | 1.33 | 1.33 |
| First Industrial Realty Trust, Inc. (FR)vs › | $8.12B | 2.93 | 2.93 | 2.70 | 2.87 |
| CubeSmart (CUBE)vs › | $8.67B | 3.36 | 3.31 | 3.45 | 3.67 |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $9.04B | 0.58 | 0.60 | 0.85 | 1.12 |
At 3.01, P/B is below its estimated 1-year median — higher than 15% of readings in its estimated 1-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 1-year low
2.76
median
3.58
estimated 1-year high
5.58
P/B Ratio
3.01
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 | 3.40 |
| 2026-09-10 | 3.33 |
| 2026-09-09 | 3.42 |
| 2026-09-08 | 3.53 |
| 2026-09-04 | 3.16 |
| 2026-09-03 | 3.00 |
| 2026-09-02 | 2.95 |
| 2026-09-01 | 2.86 |
| 2026-08-31 | 3.07 |
| 2026-08-28 | 3.09 |
| 2026-08-27 | 3.37 |
| 2026-08-26 | 3.47 |
| 2026-08-25 | 3.71 |
| 2026-08-24 | 3.47 |
| 2026-08-21 | 3.66 |
| 2026-08-20 | 3.69 |
| 2026-08-19 | 3.56 |
| 2026-08-18 | 3.55 |
| 2026-08-17 | 3.79 |
| 2026-08-14 | 3.76 |
| 2026-08-13 | 3.88 |
| 2026-08-12 | 4.46 |
| 2026-08-11 | 4.18 |
| 2026-08-10 | 3.45 |
| 2026-08-07 | 3.63 |
| 2026-08-06 | 3.64 |
| 2026-08-05 | 3.64 |
| 2026-08-04 | 3.71 |
| 2026-08-03 | 3.54 |
| 2026-07-31 | 3.34 |
| 2026-07-30 | 3.95 |
| 2026-07-29 | 3.44 |
| 2026-07-28 | 3.69 |
| 2026-07-27 | 4.25 |
| 2026-07-24 | 4.35 |
| 2026-07-23 | 3.71 |
| 2026-07-22 | 3.86 |
| 2026-07-21 | 3.91 |
| 2026-07-20 | 3.59 |
| 2026-07-17 | 3.55 |
| 2026-07-16 | 3.48 |
| 2026-07-15 | 3.67 |
| 2026-07-14 | 3.96 |
| 2026-07-13 | 3.71 |
| 2026-07-10 | 3.87 |
| 2026-07-09 | 4.30 |
| 2026-07-08 | 4.32 |
| 2026-07-07 | 4.33 |
| 2026-07-06 | 4.82 |
| 2026-07-02 | 4.73 |
| 2026-07-01 | 5.00 |
| 2026-06-30 | 5.38 |
| 2026-06-29 | 5.55 |
| 2026-06-26 | 5.57 |
| 2026-06-25 | 5.17 |
| 2026-06-24 | 4.69 |
| 2026-06-23 | 5.10 |
| 2026-06-22 | 5.27 |
| 2026-06-18 | 5.58 |
| 2026-06-17 | 5.09 |
| 2026-06-16 | 4.63 |
| 2026-06-15 | 4.39 |
| 2026-06-12 | 4.19 |
| 2026-06-11 | 4.08 |
| 2026-06-10 | 4.05 |
| 2026-06-09 | 3.30 |
| 2026-06-08 | 3.35 |
| 2026-06-05 | 3.40 |
| 2026-06-04 | 3.63 |
| 2026-06-03 | 3.58 |
| 2026-06-02 | 3.88 |
| 2026-06-01 | 3.88 |
| 2026-05-29 | 4.10 |
| 2026-05-28 | 3.98 |
| 2026-05-27 | 3.86 |
| 2026-05-26 | 3.78 |
| 2026-05-22 | 3.51 |
| 2026-05-21 | 3.56 |
| 2026-05-20 | 3.57 |
| 2026-05-19 | 3.45 |
| 2026-05-18 | 3.85 |
| 2026-05-15 | 3.82 |
| 2026-05-14 | 4.24 |
| 2026-05-13 | 3.45 |
| 2026-05-12 | 3.14 |
| 2026-05-11 | 3.09 |
| 2026-05-08 | 3.01 |
| 2026-05-07 | 2.94 |
| 2026-05-06 | 3.20 |
| 2026-05-05 | 2.84 |
| 2026-05-04 | 2.91 |
| 2026-05-01 | 2.97 |
| 2026-04-30 | 2.95 |
| 2026-04-29 | 2.89 |
| 2026-04-28 | 3.04 |
| 2026-04-27 | 3.14 |
| 2026-04-24 | 3.10 |
| 2026-04-23 | 3.40 |
| 2026-04-22 | 3.37 |
| 2026-04-21 | 2.91 |
| 2026-04-20 | 3.10 |
| 2026-04-17 | 3.76 |
| 2026-04-16 | 3.83 |
| 2026-04-15 | 3.35 |
| 2026-04-14 | 3.03 |
| 2026-04-13 | 2.94 |
| 2026-04-10 | 2.80 |
| 2026-04-09 | 2.77 |
| 2026-04-08 | 2.76 |
| 2026-04-07 | 2.84 |
| 2026-04-06 | 2.95 |
| 2026-04-02 | 3.08 |
| 2026-04-01 | 3.09 |
| 2026-03-31 | 3.36 |