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Piedmont Realty TrustPDM -2.71%66 PB Ratio is 0.82 as of Aug. 03, 2026, which is 26% below its 10-year median of 1.11. GuruFocus rates PDM with a GF Score™ of 66/100 and a GF Value™ of $7.56 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 914 REITs companies, Piedmont Realty Trust ranks better than 55.47% on this metric.
Piedmont Realty Trust Inc stock PB Ratio (=0.82) is close to 3-year high of 0.84.
The historical rank and industry rank for Piedmont Realty Trust's PB Ratio or its related term are showing as below:
PDM'
s PB Ratio Range Over the Past 10 Years
Min: 0.36 Med: 1.11 Max: 1.69
Current: 0.82
During the past 13 years, Piedmont Realty Trust's highest PB Ratio was 1.69. The lowest was 0.36. And the median was 1.11.
PDM's PB Ratio is ranked better than 55.47% of 914
companies
in the REITs industry
Industry Median: 0.86
vs PDM: 0.82
During the past 12 months, Piedmont Realty Trust's average Book Value Per Share Growth Rate was -5.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -7.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -4.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -1.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Piedmont Realty Trust was 3.20% per year. The lowest was -7.10% per year. And the median was -2.30% 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.
* 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 - Office subindustry, Piedmont Realty 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.
Piedmont Realty Trust PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Piedmont Realty Trust's PB Ratio distribution charts can be found below:
* The bar in red indicates where Piedmont Realty Trust'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.
Piedmont Realty Trust (PDM) has a PB Ratio of 0.82 as of Aug. 03, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Piedmont Realty Trust and its competitors. This is 26% below median its historical median of 1.11. Over the past decade, Piedmont Realty Trust's PB Ratio has ranged from 0.36 to 1.69. According to the industry distribution chart, Piedmont Realty Trust ranks #407 out of 914 companies in the REITs industry, placing it in the top 44.5%.
Is Piedmont Realty Trust's PB Ratio too high?
Piedmont Realty Trust's current PB Ratio of 0.82 is 26% below median its 10-year median of 1.11. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 1.69. The REITs industry median PB Ratio is 0.86. Piedmont Realty Trust's value of 0.82 is 4.7% below this industry median. Based on the distribution chart, Piedmont Realty Trust ranks #407 out of 914 companies in the REITs industry, which is above the industry midpoint. Overall, Piedmont Realty Trust has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Piedmont Realty Trust's PB Ratio compare to DEA and ESBA?
According to the REITs industry distribution chart, Piedmont Realty Trust ranks #407 out of 914 companies for PB Ratio. This puts Piedmont Realty Trust in the upper half of its industry. The industry median PB Ratio is 0.86. Piedmont Realty Trust's value of 0.82 is 4.7% below this benchmark. Historically, Piedmont Realty Trust's own PB Ratio has ranged from 0.36 to 1.69 over the past decade. While the company's 10-year median is 1.11 vs. the industry median of 0.86, Piedmont Realty Trust has consistently been below 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 914 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. Piedmont Realty Trust's current PB Ratio of 0.82 is 4.7% below 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 Piedmont Realty Trust 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. Piedmont Realty Trust's current PB Ratio is 0.82, which is 26% below median its own 10-year median of 1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Piedmont Realty Trust stock overvalued right now?
Based on GuruFocus' analysis, Piedmont Realty Trust (PDM) is currently considered Modestly Overvalued. The stock's GF Value™ is $7.56, compared to a current price of $9.69 — trading 28.2% above its estimated fair value. The current PB Ratio is 0.82, which is 26% below median its 10-year median of 1.11 and 4.7% below the REITs industry median of 0.86. Piedmont Realty Trust's overall GF Score™ is 66/100 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 Piedmont Realty Trust (PDM), the current PB Ratio is 0.82 as of Aug. 03, 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 Piedmont Realty Trust (PDM) Overvalued in 2026?
Based on GuruFocus' analysis, Piedmont Realty Trust stock appears to be overvalued.
The current stock price of $9.69 is trading 28.2% above its estimated GF Value™ of $7.56.
GuruFocus considers Piedmont Realty Trust to be Modestly Overvalued.
Key valuation signals for PDM:
PB Ratio: 0.82 (26% below median its 10-year median of 1.11)
GF Value™: $7.56 vs. price of $9.69 (28.2% above fair value)
Industry Position: 4.7% below the REITs median (#407 of 914)
No single metric tells the full story. See the PDM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Piedmont Realty Trust Inc is a fully integrated, self-managed real estate investment company focused on delivering an exceptional office environment. As an owner, manager, developer and operator of 16 MM SF of Class A properties across U.S. Sunbelt markets, Piedmont Realty Trust is known for its hospitality-driven approach and commitment to transforming buildings into Piedmont PLACEs that enhance each client's workplace experience.
66GF Score
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