Brandywine Realty TrustBDN -1.27%66 PB Ratio is 0.74 as of Jun. 25, 2026, which is 38% below its 10-year median of 1.20. GuruFocus rates BDN with a GF Score™ of 66/100 and a GF Value™ of $4.28 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 929 REITs companies, Brandywine Realty Trust ranks better than 65.55% on this metric.
The historical rank and industry rank for Brandywine Realty Trust's PB Ratio or its related term are showing as below:
BDN'
s PB Ratio Range Over the Past 10 Years
Min: 0.39 Med: 1.2 Max: 1.87
Current: 0.74
During the past 13 years, Brandywine Realty Trust's highest PB Ratio was 1.87. The lowest was 0.39. And the median was 1.20.
BDN's PB Ratio is ranked better than 65.55% of 929
companies
in the REITs industry
Industry Median: 0.86
vs BDN: 0.74
During the past 12 months, Brandywine Realty Trust's average Book Value Per Share Growth Rate was -26.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -21.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -15.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -6.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Brandywine Realty Trust was 63.60% per year. The lowest was -50.00% per year. And the median was -3.20% per year.
Back to Basics: PB Ratio
Brandywine Realty Trust (NYSE:BDN) 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.
* 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 - Office subindustry, Brandywine Realty 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.
Brandywine Realty Trust PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Brandywine Realty Trust's PB Ratio distribution charts can be found below:
* The bar in red indicates where Brandywine Realty 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.
Brandywine Realty Trust (BDN) has a PB Ratio of 0.74 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Brandywine Realty Trust and its competitors. This is 38% below median its historical median of 1.20. Over the past decade, Brandywine Realty Trust's PB Ratio has ranged from 0.39 to 1.87. According to the industry distribution chart, Brandywine Realty Trust ranks #320 out of 929 companies in the REITs industry, placing it in the top 34.4%.
Is Brandywine Realty Trust's PB Ratio too high?
Brandywine Realty Trust's current PB Ratio of 0.74 is 38% below median its 10-year median of 1.20. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 1.87. The REITs industry median PB Ratio is 0.86. Brandywine Realty Trust's value of 0.74 is 14% below this industry median. Based on the distribution chart, Brandywine Realty Trust ranks #320 out of 929 companies in the REITs industry, which is above the industry midpoint. Overall, Brandywine Realty Trust has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Brandywine Realty Trust's PB Ratio compare to PSTL and HPP?
According to the REITs industry distribution chart, Brandywine Realty Trust ranks #320 out of 929 companies for PB Ratio. This puts Brandywine Realty Trust in the upper half of its industry. The industry median PB Ratio is 0.86. Brandywine Realty Trust's value of 0.74 is 14% below this benchmark. Historically, Brandywine Realty Trust's own PB Ratio has ranged from 0.39 to 1.87 over the past decade. While the company's 10-year median is 1.20 vs. the industry median of 0.86, Brandywine Realty Trust 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. Brandywine Realty Trust's current PB Ratio of 0.74 is 14% 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 Brandywine Realty 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. Brandywine Realty Trust's current PB Ratio is 0.74, which is 38% below median its own 10-year median of 1.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Brandywine Realty Trust stock overvalued right now?
Based on GuruFocus' analysis, Brandywine Realty Trust (BDN) is currently considered Modestly Undervalued. The stock's GF Value™ is $4.28, compared to a current price of $3.12 — trading 27.1% below its estimated fair value. The current PB Ratio is 0.74, which is 38% below median its 10-year median of 1.20 and 14% below the REITs industry median of 0.86. Brandywine Realty Trust's overall GF Score™ is 66/100 with 8 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 Brandywine Realty Trust (BDN), the current PB Ratio is 0.74 as of Jun. 25, 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 Brandywine Realty Trust (BDN) Overvalued in 2026?
Based on GuruFocus' analysis, Brandywine Realty Trust stock appears to be undervalued.
The current stock price of $3.12 is trading 27.1% below its estimated GF Value™ of $4.28.
GuruFocus considers Brandywine Realty Trust to be Modestly Undervalued.
Key valuation signals for BDN:
PB Ratio: 0.74 (38% below median its 10-year median of 1.20)
GF Value™: $4.28 vs. price of $3.12 (27.1% below fair value)
Industry Position: 14% below the REITs median (#320 of 929)
No single metric tells the full story. See the BDN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Brandywine Realty Trust engaged in the acquisition, development, redevelopment, ownership, management, and operation of a portfolio of office, life science/lab, residential, and mixed-use properties. The company owned and managed properties within five segments. The Philadelphia CBD segment includes properties located in the City of Philadelphia in Pennsylvania. The Pennsylvania Suburbs segment includes properties in Chester, Delaware and Montgomery counties in the Philadelphia suburbs. The Austin, Texas segment includes properties in the City of Austin, Texas. The Metropolitan Washington, D.C. segment includes properties in Northern Virginia, Washington, D.C. and Southern Maryland. The Other segment includes properties in Camden County, New Jersey and New Castle County, Delaware.
66GF Score
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