Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Global Net LeaseGNL +1.14%66 PB Ratio is 1.21 as of Jul. 16, 2026, which is 22% above its 10-year median of 0.99. GuruFocus rates GNL with a GF Score™ of 66/100 and a GF Value™ of $6.33 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 922 REITs companies, Global Net Lease ranks worse than 77.87% on this metric.
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 (2026-07-16), Global Net Lease's share price is $8.91. Global Net Lease's Book Value per Share for the quarter that ended in Mar. 2026 was $7.36. Hence, Global Net Lease's PB Ratio of today is 1.21.
Warning Sign:
Global Net Lease Inc stock PB Ratio (=1.2) is close to 10-year high of 1.32.
The historical rank and industry rank for Global Net Lease's PB Ratio or its related term are showing as below:
GNL'
s PB Ratio Range Over the Past 10 Years
Min: 0.6 Med: 0.99 Max: 1.32
Current: 1.21
During the past 13 years, Global Net Lease's highest PB Ratio was 1.32. The lowest was 0.60. And the median was 0.99.
GNL's PB Ratio is ranked worse than 77.87% of 922
companies
in the REITs industry
Industry Median: 0.86
vs GNL: 1.21
During the past 12 months, Global Net Lease's average Book Value Per Share Growth Rate was -12.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -17.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -15.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -9.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Global Net Lease was 110.60% per year. The lowest was -17.70% per year. And the median was -6.25% per year.
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.
Global Net Lease PB Ratio Related Terms
Global Net Lease PB Ratio Historical Data
* Premium members only.
The historical data trend for Global Net Lease'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, Global Net Lease'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.
Global Net Lease PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Global Net Lease's PB Ratio distribution charts can be found below:
* The bar in red indicates where Global Net Lease'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.
Global Net Lease (GNL) has a PB Ratio of 1.21 as of Jul. 16, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Global Net Lease and its competitors. This is 22% above median its historical median of 0.99. Over the past decade, Global Net Lease's PB Ratio has ranged from 0.60 to 1.32. According to the industry distribution chart, Global Net Lease ranks #718 out of 922 companies in the REITs industry, placing it in the top 77.9%.
Is Global Net Lease's PB Ratio too high?
Global Net Lease's current PB Ratio of 1.21 is 22% above median its 10-year median of 0.99. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 1.32. The REITs industry median PB Ratio is 0.86. Global Net Lease's value of 1.21 is 40.7% above this industry median. Based on the distribution chart, Global Net Lease ranks #718 out of 922 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Global Net Lease has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Global Net Lease's PB Ratio compare to AAT and SAFE?
According to the REITs industry distribution chart, Global Net Lease ranks #718 out of 922 companies for PB Ratio. This places Global Net Lease in the lower half of its industry. The industry median PB Ratio is 0.86. Global Net Lease's value of 1.21 is 40.7% above this benchmark. Historically, Global Net Lease's own PB Ratio has ranged from 0.60 to 1.32 over the past decade. While the company's 10-year median is 0.99 vs. the industry median of 0.86, Global Net Lease 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 0.86, based on 922 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. Global Net Lease's current PB Ratio of 1.21 is 40.7% 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 Global Net Lease and its competitors. For the REITs industry, the median PB Ratio is 0.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Global Net Lease's current PB Ratio is 1.21, which is 22% above median its own 10-year median of 0.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Net Lease stock overvalued right now?
Based on GuruFocus' analysis, Global Net Lease (GNL) is currently considered Significantly Overvalued. The stock's GF Value™ is $6.33, compared to a current price of $8.91 — trading 40.8% above its estimated fair value. The current PB Ratio is 1.21, which is 22% above median its 10-year median of 0.99 and 40.7% above the REITs industry median of 0.86. Global Net Lease's overall GF Score™ is 66/100 with 9 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 Global Net Lease (GNL), the current PB Ratio is 1.21 as of Jul. 16, 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 Global Net Lease (GNL) Overvalued in 2026?
Based on GuruFocus' analysis, Global Net Lease stock appears to be overvalued.
The current stock price of $8.91 is trading 40.8% above its estimated GF Value™ of $6.33.
GuruFocus considers Global Net Lease to be Significantly Overvalued.
Key valuation signals for GNL:
PB Ratio: 1.21 (22% above median its 10-year median of 0.99)
GF Value™: $6.33 vs. price of $8.91 (40.8% above fair value)
Industry Position: 40.7% above the REITs median (#718 of 922)
No single metric tells the full story. See the GNL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Global Net Lease Inc is a real estate investment trust that manages a globally diversified portfolio of commercial real estate properties. The company is engaged in the ownership, management, operation, lease, acquisition, investment, and sale of the portfolio assets. Its segments include Industrial & Distribution, Retail, and Office. The company derives maximum revenue from the Industrial and Distribution segment. The company geographically operates in the United States, the United Kingdom, Canada, and Europe.
66GF Score
Get the complete analysis for GNL
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
GNL has been successfully added to your 
