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MAA (Mid-America Apartment Communities) PB Ratio : 3.08 (As of Dec. 14, 2024)


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What is Mid-America Apartment Communities PB Ratio?

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 (2024-12-14), Mid-America Apartment Communities's share price is $157.22. Mid-America Apartment Communities's Book Value per Share for the quarter that ended in Sep. 2024 was $51.09. Hence, Mid-America Apartment Communities's PB Ratio of today is 3.08.

The historical rank and industry rank for Mid-America Apartment Communities's PB Ratio or its related term are showing as below:

MAA' s PB Ratio Range Over the Past 10 Years
Min: 1.53   Med: 2.4   Max: 4.41
Current: 3.08

During the past 13 years, Mid-America Apartment Communities's highest PB Ratio was 4.41. The lowest was 1.53. And the median was 2.40.

MAA's PB Ratio is ranked worse than
95.97% of 917 companies
in the REITs industry
Industry Median: 0.8 vs MAA: 3.08

During the past 12 months, Mid-America Apartment Communities's average Book Value Per Share Growth Rate was -2.80% 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 -0.60% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 3.00% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Mid-America Apartment Communities was 38.40% per year. The lowest was -11.00% per year. And the median was -0.10% per year.

Back to Basics: PB Ratio


Mid-America Apartment Communities PB Ratio Historical Data

The historical data trend for Mid-America Apartment Communities'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.

Mid-America Apartment Communities PB Ratio Chart

Mid-America Apartment Communities Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.48 2.46 4.41 3.01 2.57

Mid-America Apartment Communities Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.45 2.57 2.52 2.77 3.11

Competitive Comparison of Mid-America Apartment Communities's PB Ratio

For the REIT - Residential subindustry, Mid-America Apartment Communities'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.


Mid-America Apartment Communities's PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Mid-America Apartment Communities's PB Ratio distribution charts can be found below:

* The bar in red indicates where Mid-America Apartment Communities's PB Ratio falls into.



Mid-America Apartment Communities 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.

Mid-America Apartment Communities's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Sep. 2024)
=157.22/51.088
=3.08

* 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.


Mid-America Apartment Communities  (NYSE:MAA) 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.


Mid-America Apartment Communities PB Ratio Related Terms

Thank you for viewing the detailed overview of Mid-America Apartment Communities's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Mid-America Apartment Communities Business Description

Address
6815 Poplar Avenue, Suite 500, Germantown, TN, USA, 38138
Mid-America Apartment Communities Inc, or MAA, is a real estate investment trust engaged in the acquisition, operation, and development of multifamily apartment communities located in southeastern and southwestern United States. Company operates two reportable segments; Same Store includes communities that the Company has owned and have been stabilized for at least a full 12 months as of the first day of the calendar year and Non-Same Store and Other includes recently acquired communities, communities being developed or in lease-up, communities that have been disposed of or identified for disposition, communities that have experienced a significant casualty loss and stabilized communities that do not meet the requirements to be Same Store communities. Key revenue comes from the Same Store.
Executives
Gary Shorb director 6584 POPLAR AVE, MEMPHIS TN 38138
Timothy Argo officer: EVP, Chief Strategy & Analysis 6815 POPLAR AVE, SUITE 500, GERMANTOWN TN 38138
Melanie Carpenter officer: EVP & CHRO 6815 POPLAR AVE, SUITE 500, GERMANTOWN TN 38138
Bolton H Eric Jr director, officer: President and Chief Executive
Robert J. Delpriore officer: EVP, General Counsel 6584 POPLAR AVENUE, MEMPHIS TN 38138
William Reid Sanders director C/O TWO HARBORS INVESTMENT CORP., 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Tamara D Fischer director 5200 DTC PARKWAY, SUITE 200, GREENWOOD VILLAGE CO 80111
John Case director 600 LA TERRAZA BOULEVARD, ESCONDIDO CA 92025
Deborah H Caplan director 700 UNIVERSE BLVD, JUNO BEACH FL 33408
Adrian Hill officer: EVP, Chief Investment Officer 6815 POPLAR AVE, SUITE 500, GERMANTOWN TN 38138
Campbell Albert M Iii officer: EVP-Director of Finance 6584 POPLAR AVE., STE. 300, MEMPHIS TN 38138
Monica Houle Mcgurk director C/O BUNGE LIMITED, 1391 TIMBERLAKE MANOR PARKWAY, CHESTERFIELD MO 63017
Grimes Thomas L Jr officer: EVP-Director of Property Mgm 6584 POPLAR AVE., STE. 300, MEMPHIS TN 38138
David P Stockert director 4401 NORTHSIDE PARKWAY, SUITE 800, ATLANTA GA 30327-3057
Green Edith Kelly director 3131 DEMOCRAT ROAD BLDG B206, MEMPHIS TN 38118