Arena REITASX:ARF 85 PB Ratio is 0.98 as of Jun. 24, 2026, which is 27% below its 10-year median of 1.34. GuruFocus rates ASX:ARF with a GF Score™ of 85/100 and a GF Value™ of A$3.54 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 929 REITs companies, Arena REIT ranks worse than 63.4% 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 (2026-06-24), Arena REIT's share price is A$3.19. Arena REIT's Book Value per Share for the quarter that ended in Dec. 2025 was A$3.26. Hence, Arena REIT's PB Ratio of today is 0.98.
Good Sign:
Arena REIT stock PB Ratio (=1) is close to 5-year low of 1.
The historical rank and industry rank for Arena REIT's PB Ratio or its related term are showing as below:
ASX:ARF'
s PB Ratio Range Over the Past 10 Years
Min: 0.71 Med: 1.34 Max: 2.32
Current: 0.98
During the past 13 years, Arena REIT's highest PB Ratio was 2.32. The lowest was 0.71. And the median was 1.34.
ASX:ARF's PB Ratio is ranked worse than 63.4% of 929
companies
in the REITs industry
Industry Median: 0.87
vs ASX:ARF: 0.98
During the past 12 months, Arena REIT's average Book Value Per Share Growth Rate was 6.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 2.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 7.40% per year.
During the past 10 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 Arena REIT was 14.80% per year. The lowest was 2.00% per year. And the median was 11.00% 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.
Arena REIT PB Ratio Related Terms
Arena REIT PB Ratio Historical Data
* Premium members only.
The historical data trend for Arena 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 - Specialty subindustry, Arena 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.
Arena REIT PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Arena REIT's PB Ratio distribution charts can be found below:
* The bar in red indicates where Arena 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.
Arena 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.
Arena REIT (ASX:ARF) has a PB Ratio of 0.98 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Arena REIT and its competitors. This is 27% below median its historical median of 1.34. Over the past decade, Arena REIT's PB Ratio has ranged from 0.71 to 2.32. According to the industry distribution chart, Arena REIT ranks #589 out of 929 companies in the REITs industry, placing it in the top 63.4%.
Is Arena REIT's PB Ratio too high?
Arena REIT's current PB Ratio of 0.98 is 27% below median its 10-year median of 1.34. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 2.32. The REITs industry median PB Ratio is 0.87. Arena REIT's value of 0.98 is 12.6% above this industry median. Based on the distribution chart, Arena REIT ranks #589 out of 929 companies in the REITs industry, which is below the industry midpoint. Overall, Arena REIT has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Arena REIT's PB Ratio compare to EQIX and AMT?
According to the REITs industry distribution chart, Arena REIT ranks #589 out of 929 companies for PB Ratio. This places Arena REIT in the lower half of its industry. The industry median PB Ratio is 0.87. Arena REIT's value of 0.98 is 12.6% above this benchmark. Historically, Arena REIT's own PB Ratio has ranged from 0.71 to 2.32 over the past decade. While the company's 10-year median is 1.34 vs. the industry median of 0.87, Arena 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 0.87, 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. Arena REIT's current PB Ratio of 0.98 is 12.6% 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 Arena REIT and its competitors. For the REITs industry, the median PB Ratio is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arena REIT's current PB Ratio is 0.98, which is 27% below median its own 10-year median of 1.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arena REIT stock overvalued right now?
Based on GuruFocus' analysis, Arena REIT (ASX:ARF) is currently considered Modestly Undervalued. The stock's GF Value™ is A$3.54, compared to a current price of A$3.19 — trading 9.9% below its estimated fair value. The current PB Ratio is 0.98, which is 27% below median its 10-year median of 1.34 and 12.6% above the REITs industry median of 0.87. Arena REIT's overall GF Score™ is 85/100 with 5 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 Arena REIT (ASX:ARF), the current PB Ratio is 0.98 as of Jun. 24, 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 Arena REIT (ASX:ARF) Overvalued in 2026?
Based on GuruFocus' analysis, Arena REIT stock appears to be undervalued.
The current stock price of A$3.19 is trading 9.9% below its estimated GF Value™ of A$3.54.
GuruFocus considers Arena REIT to be Modestly Undervalued.
Key valuation signals for ASX:ARF:
PB Ratio: 0.98 (27% below median its 10-year median of 1.34)
GF Value™: A$3.54 vs. price of A$3.19 (9.9% below fair value)
Industry Position: 12.6% above the REITs median (#589 of 929)
No single metric tells the full story. See the ASX:ARF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Arena REIT is an internally managed Australian property trust. The REIT specializes in leasing social infrastructure properties, with close to 300 childcare centers and about a dozen healthcare facilities in its portfolio. Typically, tenants enter into long-term leases with inflation-linked or fixed rental escalations every year. All leases are "triple net," meaning tenants pay for all statutory and operating outgoings and costs, such as land tax, insurance, electricity, and maintenance. The tenant profile is concentrated—almost three quarters of rents are generated from the top five tenants. Arena actively grows its property book through acquisitions and developments, and historically added on average 10 sites, net of divestments, per year.
85GF Score
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