Riocan Real Estate Investment Trust (Riocan Real Estate Investment Trust) PB Ratio

: 0.69 (As of Today)

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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 (2024-04-16), Riocan Real Estate Investment Trust's share price is $12.65. Riocan Real Estate Investment Trust's Book Value per Share for the quarter that ended in Dec. 2023 was $18.45. Hence, Riocan Real Estate Investment Trust's PB Ratio of today is 0.69.

Good Sign:

Riocan Real Estate Investment Trust stock PB Ratio (=0.71) is close to 3-year low of 0.65

The historical rank and industry rank for Riocan Real Estate Investment Trust's PB Ratio or its related term are showing as below:

RIOCF' s PB Ratio Range Over the Past 10 Years
Min: 0.53 Med: 1 Max: 1.32
Current: 0.71

During the past 13 years, Riocan Real Estate Investment Trust's highest PB Ratio was 1.32. The lowest was 0.53. And the median was 1.00.

RIOCF's PB Ratio is ranked better than
63.41% of 850 companies
in the REITs industry
Industry Median: 0.85 vs RIOCF: 0.71

During the past 12 months, Riocan Real Estate Investment Trust's average Book Value Per Share Growth Rate was -3.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 0.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -0.20% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 0.80% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Riocan Real Estate Investment Trust was 42.00% per year. The lowest was -2.70% per year. And the median was 1.50% per year.

Back to Basics: PB Ratio

Riocan Real Estate Investment Trust PB Ratio Historical Data

The historical data trend for Riocan Real Estate Investment Trust'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.

* Premium members only.

Riocan Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

1.04

0.69

0.91

0.82

0.76

Riocan Real Estate Investment Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio																0.82	0.79	0.74	0.72	0.76

Competitive Comparison

For the REIT - Retail subindustry, Riocan Real Estate Investment Trust'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.

Riocan Real Estate Investment Trust PB Ratio Distribution

For the REITs industry and Real Estate sector, Riocan Real Estate Investment Trust's PB Ratio distribution charts can be found below:

* The bar in red indicates where Riocan Real Estate Investment Trust's PB Ratio falls into.

Riocan Real Estate Investment Trust 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.

Riocan Real Estate Investment Trust's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	12.65	/	18.452
	=	0.69

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

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.

Riocan Real Estate Investment Trust (OTCPK:RIOCF) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.

Riocan Real Estate Investment Trust PB Ratio Related Terms

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Riocan Real Estate Investment Trust (Riocan Real Estate Investment Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Riocan Real Estate Investment Trust (OTCPK:RIOCF) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

R7G:Germany REI.UN:Canada

Address

2300 Yonge Street, Suite 500, P.O. Box 2386, RioCan Yonge Eglinton Centre, Toronto, ON, CAN, M4P 1E4

Website

https://www.riocan.com

Riocan Real Estate Investment Trust is a Canadian real estate investment trust which owns, develops, and operates Canada's portfolio of retail-focused, increasingly mixed-use properties. The REIT's property portfolio includes shopping centers and mixed-use developments, with most of its properties located in Ontario, Canada. Riocan's tenants consist of grocery stores, supermarkets, restaurants, cinemas, pharmacies, and corporates. By geography, the company operates in Canada, which generates the majority of total revenue, and in the United States.