The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-04-25), Agree Realty's share price is $58.37. Agree Realty's Book Value per Share for the quarter that ended in Mar. 2024 was $49.72. Hence, Agree Realty's PB Ratio of today is 1.17.
Good Sign:
Agree Realty Corp stock PB Ratio (=1.17) is close to 10-year low of 1.08
The historical rank and industry rank for Agree Realty's PB Ratio or its related term are showing as below:
ADC'
s PB Ratio Range Over the Past 10 Years
Min: 1.08 Med: 1.61 Max: 2.23
Current: 1.17
During the past 13 years, Agree Realty's highest PB Ratio was 2.23. The lowest was 1.08. And the median was 1.61.
ADC's PB Ratio is ranked worse than 77.93% of 852
companies
in the REITs industry
Industry Median: 0.835
vs ADC: 1.17
During the past 12 months, Agree Realty's average Book Value Per Share Growth Rate was 0.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 5.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 9.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 11.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Agree Realty was 14.60% per year. The lowest was -6.00% per year. And the median was 8.40% per year.
Back to Basics: PB Ratio
Agree Realty PB Ratio Historical Data
The historical data trend for Agree Realty's PB Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the REIT - Retail subindustry, Agree Realty's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Agree Realty's PB Ratio Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Agree Realty's PB Ratio distribution charts can be found below:
* The bar in red indicates where Agree Realty's PB Ratio falls into.
Agree Realty PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Agree Realty's PB Ratio for today is calculated as follows:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Agree Realty PB Ratio Related Terms
Thank you for viewing the detailed overview of Agree Realty's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Agree Realty Corporation operates as a fully integrated real estate investment trust mainly focused on the ownership, acquisition, development and management of retail properties net leased to industry-leading tenants. The Company is mainly in the business of acquiring, developing and managing retail real estate. Some of its properties in the portfolio include Walmart, 7-Eleven, Wawa, Gerber Collision and others.
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