ARI's PB Ratio is ranked better than 58.02% of 929
companies
in the REITs industry
Industry Median: 0.86
vs ARI: 0.80
During the past 12 months, Apollo Commercial Real Estate Finance's average Book Value Per Share Growth Rate was -1.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -7.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -4.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -4.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Apollo Commercial Real Estate Finance was 4.50% per year. The lowest was -7.30% per year. And the median was -1.10% per year.
Back to Basics: PB Ratio
Apollo Commercial Real Estate Finance (NYSE:ARI) 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.
Apollo Commercial Real Estate Finance PB Ratio Related Terms
Apollo Commercial Real Estate Finance 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.
Apollo Commercial Real Estate Finance PB Ratio Chart
For the REIT - Mortgage subindustry, Apollo Commercial Real Estate Finance'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.
Apollo Commercial Real Estate Finance PB Ratio vs REITs Industry
Apollo Commercial Real Estate Finance 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.
Apollo Commercial Real Estate Finance (ARI) has a PB Ratio of 0.80 as of Jul. 02, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Apollo Commercial Real Estate Finance and its competitors. This is near median its historical median of 0.80. Over the past decade, Apollo Commercial Real Estate Finance's PB Ratio has ranged from 0.34 to 1.12. According to the industry distribution chart, Apollo Commercial Real Estate Finance ranks #390 out of 929 companies in the REITs industry, placing it in the top 42%.
Is Apollo Commercial Real Estate Finance's PB Ratio too high?
Apollo Commercial Real Estate Finance's current PB Ratio of 0.80 is near median its 10-year median of 0.80. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 1.12. The REITs industry median PB Ratio is 0.86. Apollo Commercial Real Estate Finance's value of 0.80 is 7% below this industry median. Based on the distribution chart, Apollo Commercial Real Estate Finance ranks #390 out of 929 companies in the REITs industry, which is above the industry midpoint. Overall, Apollo Commercial Real Estate Finance has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Apollo Commercial Real Estate Finance's PB Ratio compare to ORC and LADR?
According to the REITs industry distribution chart, Apollo Commercial Real Estate Finance ranks #390 out of 929 companies for PB Ratio. This puts Apollo Commercial Real Estate Finance in the upper half of its industry. The industry median PB Ratio is 0.86. Apollo Commercial Real Estate Finance's value of 0.80 is 7% below this benchmark. Historically, Apollo Commercial Real Estate Finance's own PB Ratio has ranged from 0.34 to 1.12 over the past decade. While the company's 10-year median is 0.80 vs. the industry median of 0.86, Apollo Commercial Real Estate Finance 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 929 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. Apollo Commercial Real Estate Finance's current PB Ratio of 0.80 is 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 Apollo Commercial Real Estate Finance 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. Apollo Commercial Real Estate Finance's current PB Ratio is 0.80, which is near median its own 10-year median of 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apollo Commercial Real Estate Finance stock overvalued right now?
Based on GuruFocus' analysis, Apollo Commercial Real Estate Finance (ARI) is currently considered Fairly Valued. The stock's GF Value™ is $9.62, compared to a current price of $10.54 — trading 9.5% above its estimated fair value. The current PB Ratio is 0.80, which is near median its 10-year median of 0.80 and 7% below the REITs industry median of 0.86. Apollo Commercial Real Estate Finance's overall GF Score™ is 56/100 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 Apollo Commercial Real Estate Finance (ARI), the current PB Ratio is 0.80 as of Jul. 02, 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 Apollo Commercial Real Estate Finance (ARI) Overvalued in 2026?
Based on GuruFocus' analysis, Apollo Commercial Real Estate Finance stock appears to be overvalued.
The current stock price of $10.54 is trading 9.5% above its estimated GF Value™ of $9.62.
GuruFocus considers Apollo Commercial Real Estate Finance to be Fairly Valued.
Key valuation signals for ARI:
PB Ratio: 0.80 (near median its 10-year median of 0.80)
GF Value™: $9.62 vs. price of $10.54 (9.5% above fair value)
Industry Position: 7% below the REITs median (#390 of 929)
No single metric tells the full story. See the ARI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apollo Commercial Real Estate Finance Business Description
Apollo Commercial Real Estate Finance Inc is a real estate investment trust that originates, invests in, acquires, and manages commercial first-mortgage loans, subordinate financings, commercial mortgage-backed securities, and other real estate-related debt investments. The subordinate loans and first-mortgage loans account for the vast majority of the portfolio on a cost basis. Property types include residential, retail, healthcare, office, mixed-use, hotel, industrial, multifamily, securities, and other, with residential properties and hotels representing the highest property value. More than a third of the properties are located in New York City, with the other properties located across other regions of the United States, as well as other countries.
56GF Score
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