BWP GroupASX:BWP 81 PB Ratio is 0.91 as of Jul. 02, 2026, which is 19% below its 10-year median of 1.13. GuruFocus rates ASX:BWP with a GF Score™ of 81/100 and a GF Value™ of A$3.99 (Fairly Valued). The stock has 6 warning signs investors should review. Among 929 REITs companies, BWP Group ranks worse than 55.44% 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 (2026-07-02), BWP Group's share price is A$3.79. BWP Group's Book Value per Share for the quarter that ended in Dec. 2025 was A$4.17. Hence, BWP Group's PB Ratio of today is 0.91.
Good Sign:
BWP Group stock PB Ratio (=0.95) is close to 10-year low of 0.87.
The historical rank and industry rank for BWP Group's PB Ratio or its related term are showing as below:
ASX:BWP'
s PB Ratio Range Over the Past 10 Years
Min: 0.87 Med: 1.13 Max: 1.5
Current: 0.91
During the past 13 years, BWP Group's highest PB Ratio was 1.50. The lowest was 0.87. And the median was 1.13.
ASX:BWP's PB Ratio is ranked worse than 55.44% of 929
companies
in the REITs industry
Industry Median: 0.86
vs ASX:BWP: 0.91
During the past 12 months, BWP Group's average Book Value Per Share Growth Rate was 10.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 0.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 5.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 5.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of BWP Group was 18.70% per year. The lowest was -7.50% per year. And the median was 4.90% 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.
BWP Group PB Ratio Related Terms
BWP Group PB Ratio Historical Data
* Premium members only.
The historical data trend for BWP Group'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 - Industrial subindustry, BWP Group'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.
BWP Group PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, BWP Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where BWP Group'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.
BWP Group'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.
BWP Group (ASX:BWP) has a PB Ratio of 0.91 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 BWP Group and its competitors. This is 19% below median its historical median of 1.13. Over the past decade, BWP Group's PB Ratio has ranged from 0.87 to 1.50. According to the industry distribution chart, BWP Group ranks #515 out of 929 companies in the REITs industry, placing it in the top 55.4%.
Is BWP Group's PB Ratio too high?
BWP Group's current PB Ratio of 0.91 is 19% below median its 10-year median of 1.13. Over the past 10 years, this metric has ranged from a low of 0.87 to a high of 1.50. The REITs industry median PB Ratio is 0.86. BWP Group's value of 0.91 is 5.8% above this industry median. Based on the distribution chart, BWP Group ranks #515 out of 929 companies in the REITs industry, which is below the industry midpoint. Overall, BWP Group has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BWP Group's PB Ratio compare to PLD and PSA?
According to the REITs industry distribution chart, BWP Group ranks #515 out of 929 companies for PB Ratio. This places BWP Group in the lower half of its industry. The industry median PB Ratio is 0.86. BWP Group's value of 0.91 is 5.8% above this benchmark. Historically, BWP Group's own PB Ratio has ranged from 0.87 to 1.50 over the past decade. While the company's 10-year median is 1.13 vs. the industry median of 0.86, BWP Group 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 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. BWP Group's current PB Ratio of 0.91 is 5.8% 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 BWP Group 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. BWP Group's current PB Ratio is 0.91, which is 19% below median its own 10-year median of 1.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BWP Group stock overvalued right now?
Based on GuruFocus' analysis, BWP Group (ASX:BWP) is currently considered Fairly Valued. The stock's GF Value™ is A$3.99, compared to a current price of A$3.79 — trading 5% below its estimated fair value. The current PB Ratio is 0.91, which is 19% below median its 10-year median of 1.13 and 5.8% above the REITs industry median of 0.86. BWP Group's overall GF Score™ is 81/100 with 6 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 BWP Group (ASX:BWP), the current PB Ratio is 0.91 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 BWP Group (ASX:BWP) Overvalued in 2026?
Based on GuruFocus' analysis, BWP Group stock appears to be undervalued.
The current stock price of A$3.79 is trading 5% below its estimated GF Value™ of A$3.99.
GuruFocus considers BWP Group to be Fairly Valued.
Key valuation signals for ASX:BWP:
PB Ratio: 0.91 (19% below median its 10-year median of 1.13)
GF Value™: A$3.99 vs. price of A$3.79 (5% below fair value)
Industry Position: 5.8% above the REITs median (#515 of 929)
No single metric tells the full story. See the ASX:BWP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BWP Group is an Australian REIT focused on owning warehouse or bulky goods retailing properties with relatively large sites and high visibility and access to arterial roads. The portfolio of properties it owns is diversified across most Australian states and is on long-term leases to Australia's dominant home improvement chain: Bunnings Group. Bunnings is a wholly owned subsidiary of Wesfarmers, a top-10 ASX-listed company by market capitalization. Wesfarmers owns 23% of BWP units.
81GF Score
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