Canadian Net REITCNNRF -2.59%77 PB Ratio is 0.91 as of Jun. 27, 2026, which is 27% below its 10-year median of 1.24. GuruFocus rates CNNRF with a GF Score™ of 77/100 and a GF Value™ of $4.09 (Fairly Valued). The stock has 10 warning signs investors should review. Among 929 REITs companies, Canadian Net REIT ranks worse than 61.89% on this metric.
Canadian Net REIT stock PB Ratio (=0.98) is close to 3-year high of 0.99.
The historical rank and industry rank for Canadian Net REIT's PB Ratio or its related term are showing as below:
CNNRF'
s PB Ratio Range Over the Past 10 Years
Min: 0.75 Med: 1.24 Max: 2.2
Current: 0.94
During the past 13 years, Canadian Net REIT's highest PB Ratio was 2.20. The lowest was 0.75. And the median was 1.24.
CNNRF's PB Ratio is ranked worse than 61.89% of 929
companies
in the REITs industry
Industry Median: 0.87
vs CNNRF: 0.94
During the past 12 months, Canadian Net REIT's average Book Value Per Share Growth Rate was 1.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 5.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 4.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 8.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Canadian Net REIT was 40.50% per year. The lowest was -0.60% per year. And the median was 7.70% per year.
Back to Basics: PB Ratio
Canadian Net REIT (OTCPK:CNNRF) PB Ratio Explanation
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.
Canadian Net REIT PB Ratio Related Terms
Canadian Net REIT PB Ratio Historical Data
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The historical data trend for Canadian Net REIT'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 - Diversified subindustry, Canadian Net REIT'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.
Canadian Net REIT PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Canadian Net REIT's PB Ratio distribution charts can be found below:
* The bar in red indicates where Canadian Net REIT's PB Ratio falls into.
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.
* 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.
Canadian Net REIT (CNNRF) has a PB Ratio of 0.91 as of Jun. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Canadian Net REIT and its competitors. This is 27% below median its historical median of 1.24. Over the past decade, Canadian Net REIT's PB Ratio has ranged from 0.75 to 2.20. According to the industry distribution chart, Canadian Net REIT ranks #575 out of 929 companies in the REITs industry, placing it in the top 61.9%.
Is Canadian Net REIT's PB Ratio too high?
Canadian Net REIT's current PB Ratio of 0.91 is 27% below median its 10-year median of 1.24. Over the past 10 years, this metric has ranged from a low of 0.75 to a high of 2.20. The REITs industry median PB Ratio is 0.87. Canadian Net REIT's value of 0.91 is 4.6% above this industry median. Based on the distribution chart, Canadian Net REIT ranks #575 out of 929 companies in the REITs industry, which is below the industry midpoint. Overall, Canadian Net REIT has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Canadian Net REIT's PB Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Canadian Net REIT ranks #575 out of 929 companies for PB Ratio. This places Canadian Net REIT in the lower half of its industry. The industry median PB Ratio is 0.87. Canadian Net REIT's value of 0.91 is 4.6% above this benchmark. Historically, Canadian Net REIT's own PB Ratio has ranged from 0.75 to 2.20 over the past decade. While the company's 10-year median is 1.24 vs. the industry median of 0.87, Canadian Net REIT has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a REITs company?
The median PB Ratio among REITs companies is 0.87, based on 929 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Canadian Net REIT's current PB Ratio of 0.91 is 4.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Canadian Net REIT and its competitors. For the REITs industry, the median PB Ratio is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian Net REIT's current PB Ratio is 0.91, which is 27% below median its own 10-year median of 1.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Net REIT stock overvalued right now?
Based on GuruFocus' analysis, Canadian Net REIT (CNNRF) is currently considered Fairly Valued. The stock's GF Value™ is $4.09, compared to a current price of $4.51 — trading 10.3% above its estimated fair value. The current PB Ratio is 0.91, which is 27% below median its 10-year median of 1.24 and 4.6% above the REITs industry median of 0.87. Canadian Net REIT's overall GF Score™ is 77/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Canadian Net REIT (CNNRF), the current PB Ratio is 0.91 as of Jun. 27, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Canadian Net REIT (CNNRF) Overvalued in 2026?
Based on GuruFocus' analysis, Canadian Net REIT stock appears to be overvalued.
The current stock price of $4.51 is trading 10.3% above its estimated GF Value™ of $4.09.
GuruFocus considers Canadian Net REIT to be Fairly Valued.
Key valuation signals for CNNRF:
PB Ratio: 0.91 (27% below median its 10-year median of 1.24)
GF Value™: $4.09 vs. price of $4.51 (10.3% above fair value)
Industry Position: 4.6% above the REITs median (#575 of 929)
No single metric tells the full story. See the CNNRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Canadian Net REIT is an open-ended trust that acquires and owns high-quality triple net and management-free commercial real estate properties. The Trust operates in one segment, commercial real estate located in Canada.
77GF Score
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