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NZSE:PCT's PB Ratio is ranked better than 51.08% of 922
companies
in the REITs industry
Industry Median: 0.86
vs NZSE:PCT: 0.86
During the past 12 months, Precinct Properties NZ & Precinct Properties Investments's average Book Value Per Share Growth Rate was -4.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -6.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -3.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 1.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Precinct Properties NZ & Precinct Properties Investments was 25.80% per year. The lowest was -23.30% per year. And the median was 2.20% 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.
Precinct Properties NZ & Precinct Properties Investments PB Ratio Related Terms
Precinct Properties NZ & Precinct Properties Investments PB Ratio Historical Data
* 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.
Precinct Properties NZ & Precinct Properties Investments PB Ratio Chart
Precinct Properties NZ & Precinct Properties Investments Annual Data
* 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.
Precinct Properties NZ & Precinct Properties Investments PB Ratio vs REITs Industry
Precinct Properties NZ & Precinct Properties Investments 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.
* 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.
Precinct Properties NZ & Precinct Properties Investments (NZSE:PCT) has a PB Ratio of 0.86 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 Precinct Properties NZ & Precinct Properties Investments and its competitors. This is 16% below median its historical median of 1.02. Over the past decade, Precinct Properties NZ & Precinct Properties Investments' PB Ratio has ranged from 0.76 to 1.29. According to the industry distribution chart, Precinct Properties NZ & Precinct Properties Investments ranks #451 out of 922 companies in the REITs industry, placing it in the top 48.9%.
Is Precinct Properties NZ & Precinct Properties Investments' PB Ratio too high?
Precinct Properties NZ & Precinct Properties Investments' current PB Ratio of 0.86 is 16% below median its 10-year median of 1.02. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 1.29. The REITs industry median PB Ratio is 0.86. Precinct Properties NZ & Precinct Properties Investments' value of 0.86 is 0% at this industry median. Based on the distribution chart, Precinct Properties NZ & Precinct Properties Investments ranks #451 out of 922 companies in the REITs industry, which is above the industry midpoint. Overall, Precinct Properties NZ & Precinct Properties Investments has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Precinct Properties NZ & Precinct Properties Investments' PB Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Precinct Properties NZ & Precinct Properties Investments ranks #451 out of 922 companies for PB Ratio. This puts Precinct Properties NZ & Precinct Properties Investments in the upper half of its industry. The industry median PB Ratio is 0.86. Precinct Properties NZ & Precinct Properties Investments' value of 0.86 is 0% at this benchmark. Historically, Precinct Properties NZ & Precinct Properties Investments' own PB Ratio has ranged from 0.76 to 1.29 over the past decade. While the company's 10-year median is 1.02 vs. the industry median of 0.86, Precinct Properties NZ & Precinct Properties Investments has consistently been at 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. Precinct Properties NZ & Precinct Properties Investments's current PB Ratio of 0.86 is 0% at 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 Precinct Properties NZ & Precinct Properties Investments 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. Precinct Properties NZ & Precinct Properties Investments's current PB Ratio is 0.86, which is 16% below median its own 10-year median of 1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Precinct Properties NZ & Precinct Properties Investments stock overvalued right now?
Based on GuruFocus' analysis, Precinct Properties NZ & Precinct Properties Investments (NZSE:PCT) is currently considered Modestly Overvalued. The stock's GF Value™ is NZ$0.93, compared to a current price of NZ$1.05 — trading 12.9% above its estimated fair value. The current PB Ratio is 0.86, which is 16% below median its 10-year median of 1.02 and 0% at the REITs industry median of 0.86. Precinct Properties NZ & Precinct Properties Investments' overall GF Score™ is 49/100 with 8 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 Precinct Properties NZ & Precinct Properties Investments (NZSE:PCT), the current PB Ratio is 0.86 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 Precinct Properties NZ & Precinct Properties Investments (NZSE:PCT) Overvalued in 2026?
Based on GuruFocus' analysis, Precinct Properties NZ & Precinct Properties Investments stock appears to be overvalued.
The current stock price of NZ$1.05 is trading 12.9% above its estimated GF Value™ of NZ$0.93.
GuruFocus considers Precinct Properties NZ & Precinct Properties Investments to be Modestly Overvalued.
Key valuation signals for NZSE:PCT:
PB Ratio: 0.86 (16% below median its 10-year median of 1.02)
GF Value™: NZ$0.93 vs. price of NZ$1.05 (12.9% above fair value)
Industry Position: 0% at the REITs median (#451 of 922)
No single metric tells the full story. See the NZSE:PCT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Precinct Properties NZ & Precinct Properties Investments Business Description
Precinct Properties NZ Ltd & Precinct Properties Investments Ltd invests predominantly in prime office properties in the central business districts of New Zealand. The company's operating segment includes Investment properties, Hotel and hospitality, Investment management, and Flexible space. It generates maximum revenue from the Investment properties segment. Some of its properties include AON Centre, NTT Tower, Jarden House, PwC Tower at Commercial Bay, and others.
49GF Score
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