NNN REITSTU:CZ2 +0.52%76 PB Ratio is 2.05 as of Jul. 11, 2026, which is 5% above its 10-year median of 1.96. GuruFocus rates STU:CZ2 with a GF Score™ of 76/100 and a GF Value™ of €38.93 (Fairly Valued). The stock has 8 warning signs investors should review. Among 927 REITs companies, NNN REIT ranks worse than 90.94% 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 (2026-07-11), NNN REIT's share price is €40.92. NNN REIT's Book Value per Share for the quarter that ended in Mar. 2026 was €19.98. Hence, NNN REIT's PB Ratio of today is 2.05.
Warning Sign:
NNN REIT Inc stock PB Ratio (=2.01) is close to 5-year high of 2.22.
The historical rank and industry rank for NNN REIT's PB Ratio or its related term are showing as below:
STU:CZ2'
s PB Ratio Range Over the Past 10 Years
Min: 1.15 Med: 1.96 Max: 2.61
Current: 2.02
During the past 13 years, NNN REIT's highest PB Ratio was 2.61. The lowest was 1.15. And the median was 1.96.
STU:CZ2's PB Ratio is ranked worse than 90.94% of 927
companies
in the REITs industry
Industry Median: 0.86
vs STU:CZ2: 2.02
During the past 12 months, NNN REIT's average Book Value Per Share Growth Rate was -0.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 0.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.70% 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 NNN REIT was 13.10% per year. The lowest was -1.90% per year. And the median was 2.10% 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.
NNN REIT PB Ratio Related Terms
NNN REIT PB Ratio Historical Data
* Premium members only.
The historical data trend for NNN 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 - Retail subindustry, NNN 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.
NNN REIT PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, NNN REIT's PB Ratio distribution charts can be found below:
* The bar in red indicates where NNN 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.
NNN REIT's PB Ratio for today is calculated as follows:
* 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.
NNN REIT (STU:CZ2) has a PB Ratio of 2.05 as of Jul. 11, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on NNN REIT and its competitors. This is near median its historical median of 1.96. Over the past decade, NNN REIT's PB Ratio has ranged from 1.15 to 2.61. According to the industry distribution chart, NNN REIT ranks #843 out of 927 companies in the REITs industry, placing it in the top 90.9%.
Is NNN REIT's PB Ratio too high?
NNN REIT's current PB Ratio of 2.05 is near median its 10-year median of 1.96. Over the past 10 years, this metric has ranged from a low of 1.15 to a high of 2.61. The REITs industry median PB Ratio is 0.86. NNN REIT's value of 2.05 is 138.4% above this industry median. Based on the distribution chart, NNN REIT ranks #843 out of 927 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, NNN REIT has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NNN REIT's PB Ratio compare to ADC and BRX?
According to the REITs industry distribution chart, NNN REIT ranks #843 out of 927 companies for PB Ratio. This places NNN REIT in the lower half of its industry. The industry median PB Ratio is 0.86. NNN REIT's value of 2.05 is 138.4% above this benchmark. Historically, NNN REIT's own PB Ratio has ranged from 1.15 to 2.61 over the past decade. While the company's 10-year median is 1.96 vs. the industry median of 0.86, NNN 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 0.86, based on 927 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. NNN REIT's current PB Ratio of 2.05 is 138.4% 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 NNN REIT 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. NNN REIT's current PB Ratio is 2.05, which is near median its own 10-year median of 1.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NNN REIT stock overvalued right now?
Based on GuruFocus' analysis, NNN REIT (STU:CZ2) is currently considered Fairly Valued. The stock's GF Value™ is €38.93, compared to a current price of €40.92 — trading 5.1% above its estimated fair value. The current PB Ratio is 2.05, which is near median its 10-year median of 1.96 and 138.4% above the REITs industry median of 0.86. NNN REIT's overall GF Score™ is 76/100 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 NNN REIT (STU:CZ2), the current PB Ratio is 2.05 as of Jul. 11, 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 NNN REIT (STU:CZ2) Overvalued in 2026?
Based on GuruFocus' analysis, NNN REIT stock appears to be overvalued.
The current stock price of €40.92 is trading 5.1% above its estimated GF Value™ of €38.93.
GuruFocus considers NNN REIT to be Fairly Valued.
Key valuation signals for STU:CZ2:
PB Ratio: 2.05 (near median its 10-year median of 1.96)
GF Value™: €38.93 vs. price of €40.92 (5.1% above fair value)
Industry Position: 138.4% above the REITs median (#843 of 927)
No single metric tells the full story. See the STU:CZ2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NNN REIT Inc is a real estate investment trust that acquires, owns, invests in, and develops high-quality properties mainly leased under long-term net leases with minimal capital expenditure requirements. The company focuses mainly on retail properties, with a portfolio including convenience stores, automotive service properties, restaurants, theatres, entertainment venues, dealerships, and other retail-related assets. Primary business objectives emphasize retail properties, and it may invest in a wide variety of property and tenant types, leases, mortgages, loans secured by personal property, loans secured by partnership or membership interests, and securities of other REITs or other issuers.
76GF Score
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