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American Assets TrustAAT -2.25%72 PB Ratio is 1.29 as of Jul. 31, 2026, which is 13% below its 10-year median of 1.48. GuruFocus rates AAT with a GF Score™ of 72/100 and a GF Value™ of $20.63 (Modestly Overvalued). The stock has 12 warning signs investors should review. Among 915 REITs companies, American Assets Trust ranks worse than 80.98% on this metric.
American Assets Trust Inc stock PB Ratio (=1.31) is close to 1-year high of 1.38.
The historical rank and industry rank for American Assets Trust's PB Ratio or its related term are showing as below:
AAT'
s PB Ratio Range Over the Past 10 Years
Min: 0.85 Med: 1.48 Max: 2.79
Current: 1.29
During the past 13 years, American Assets Trust's highest PB Ratio was 2.79. The lowest was 0.85. And the median was 1.48.
AAT's PB Ratio is ranked worse than 80.98% of 915
companies
in the REITs industry
Industry Median: 0.86
vs AAT: 1.29
During the past 12 months, American Assets Trust's average Book Value Per Share Growth Rate was -5.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -2.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -2.20% 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 American Assets Trust was 66.30% per year. The lowest was -2.80% per year. And the median was 3.00% 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 - Diversified subindustry, American Assets 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.
American Assets Trust PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, American Assets Trust's PB Ratio distribution charts can be found below:
* The bar in red indicates where American Assets 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.
American Assets Trust (AAT) has a PB Ratio of 1.29 as of Jul. 31, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on American Assets Trust and its competitors. This is 13% below median its historical median of 1.48. Over the past decade, American Assets Trust's PB Ratio has ranged from 0.85 to 2.79. According to the industry distribution chart, American Assets Trust ranks #741 out of 915 companies in the REITs industry, placing it in the top 81%.
Is American Assets Trust's PB Ratio too high?
American Assets Trust's current PB Ratio of 1.29 is 13% below median its 10-year median of 1.48. Over the past 10 years, this metric has ranged from a low of 0.85 to a high of 2.79. The REITs industry median PB Ratio is 0.86. American Assets Trust's value of 1.29 is 50% above this industry median. Based on the distribution chart, American Assets Trust ranks #741 out of 915 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, American Assets Trust has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does American Assets Trust's PB Ratio compare to SAFE and GNL?
According to the REITs industry distribution chart, American Assets Trust ranks #741 out of 915 companies for PB Ratio. This places American Assets Trust in the lower half of its industry. The industry median PB Ratio is 0.86. American Assets Trust's value of 1.29 is 50% above this benchmark. Historically, American Assets Trust's own PB Ratio has ranged from 0.85 to 2.79 over the past decade. While the company's 10-year median is 1.48 vs. the industry median of 0.86, American Assets Trust 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 915 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. American Assets Trust's current PB Ratio of 1.29 is 50% 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 American Assets 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. American Assets Trust's current PB Ratio is 1.29, which is 13% below median its own 10-year median of 1.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Assets Trust stock overvalued right now?
Based on GuruFocus' analysis, American Assets Trust (AAT) is currently considered Modestly Overvalued. The stock's GF Value™ is $20.63, compared to a current price of $23.49 — trading 13.9% above its estimated fair value. The current PB Ratio is 1.29, which is 13% below median its 10-year median of 1.48 and 50% above the REITs industry median of 0.86. American Assets Trust's overall GF Score™ is 72/100 with 12 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 American Assets Trust (AAT), the current PB Ratio is 1.29 as of Jul. 31, 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 American Assets Trust (AAT) Overvalued in 2026?
Based on GuruFocus' analysis, American Assets Trust stock appears to be overvalued.
The current stock price of $23.49 is trading 13.9% above its estimated GF Value™ of $20.63.
GuruFocus considers American Assets Trust to be Modestly Overvalued.
Key valuation signals for AAT:
PB Ratio: 1.29 (13% below median its 10-year median of 1.48)
GF Value™: $20.63 vs. price of $23.49 (13.9% above fair value)
Industry Position: 50% above the REITs median (#741 of 915)
No single metric tells the full story. See the AAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
American Assets Trust Inc is a self-administered real estate investment trust based in the United States. The company invests in, operates, and develops retail, office, residential, and mixed-use properties. Properties are predominantly located in South California, Northern California, Oregon, Washington, and Hawaii. American Assets operates through four segments based on property type: retail; office; mixed-use, which consists of retail and hotel components; and multifamily, which includes the company's apartment properties. The retail and office segments collectively contribute the majority of the total revenue.
72GF Score
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