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 (2024-04-25), Gaming and Leisure Properties's share price is $43.45. Gaming and Leisure Properties's Book Value per Share for the quarter that ended in Dec. 2023 was $15.34. Hence, Gaming and Leisure Properties's PB Ratio of today is 2.83.
Good Sign:
Gaming and Leisure Properties Inc stock PB Ratio (=2.84) is close to 3-year low of 2.79
The historical rank and industry rank for Gaming and Leisure Properties's PB Ratio or its related term are showing as below:
GLPI'
s PB Ratio Range Over the Past 10 Years
Min: 1.98 Med: 3.49 Max: 32.43
Current: 2.83
During the past 13 years, Gaming and Leisure Properties's highest PB Ratio was 32.43. The lowest was 1.98. And the median was 3.49.
GLPI's PB Ratio is ranked worse than 96.24% of 852
companies
in the REITs industry
Industry Median: 0.835
vs GLPI: 2.83
During the past 12 months, Gaming and Leisure Properties's average Book Value Per Share Growth Rate was 5.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 10.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 9.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Gaming and Leisure Properties was 96.30% per year. The lowest was -6.20% per year. And the median was 8.45% per year.
Back to Basics: PB Ratio
Gaming and Leisure Properties PB Ratio Historical Data
The historical data trend for Gaming and Leisure Properties'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.
Competitive Comparison of Gaming and Leisure Properties's PB Ratio
For the REIT - Specialty subindustry, Gaming and Leisure Properties'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.
Gaming and Leisure Properties's PB Ratio Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Gaming and Leisure Properties's PB Ratio distribution charts can be found below:
* The bar in red indicates where Gaming and Leisure Properties's PB Ratio falls into.
Gaming and Leisure Properties 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.
Gaming and Leisure Properties'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.
Gaming and Leisure Properties (NAS:GLPI) PB Ratio Explanation
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.
Gaming and Leisure Properties PB Ratio Related Terms
Thank you for viewing the detailed overview of Gaming and Leisure Properties's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Gaming and Leisure Properties (Gaming and Leisure Properties) Business Description
Gaming and Leisure Properties Inc, or GLP, is a real estate investment property trust primarily involved in the leasing of gaming and related facilities to wholly-owned subsidiaries of Penn National Gaming, or Penn, throughout the U.S. GLP segments its operations into GLP Capital and TRS Properties divisions. The company derives the vast majority of its revenue from its GLP Capital unit in the form of rental income from dockside and land-based casinos located mostly in the American Midwest. Almost all of GLP Capital's leases are long-term agreements that give Penn the option for future extensions. Gaming revenue generated by TRS Properties, which encompasses the operations of Hollywood Casino Perryville and Hollywood Casino Baton Rouge, also represents a significant income stream for GLP.
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