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BKK:HYDROGEN's PB Ratio is ranked worse than 56.34% of 923
companies
in the REITs industry
Industry Median: 0.85
vs BKK:HYDROGEN: 0.91
During the past 12 months, Hydrogen Freehold and Leasehold REIT's average Book Value Per Share Growth Rate was 1.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -3.40% per year.
During the past 4 years, the highest 3-Year average Book Value Per Share Growth Rate of Hydrogen Freehold and Leasehold REIT was -3.40% per year. The lowest was -3.40% per year. And the median was -3.40% 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.
Hydrogen Freehold and Leasehold REIT PB Ratio Related Terms
Hydrogen Freehold and Leasehold REIT 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.
Hydrogen Freehold and Leasehold REIT PB Ratio Chart
Hydrogen Freehold and Leasehold REIT Annual Data
Trend
Dec22
Dec23
Dec24
Dec25
PB Ratio
1.01
1.11
1.07
0.89
Hydrogen Freehold and Leasehold REIT Quarterly Data
BKK:HYDROGEN vs VICI, WPC, BNL: PB Ratio Comparison
For the REIT - Diversified subindustry, Hydrogen Freehold and Leasehold 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.
Hydrogen Freehold and Leasehold REIT PB Ratio vs REITs Industry
Hydrogen Freehold and Leasehold REIT 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.
Hydrogen Freehold and Leasehold REIT (BKK:HYDROGEN) has a PB Ratio of 0.91 as of Aug. 11, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Hydrogen Freehold and Leasehold REIT and its competitors. This is near median its historical median of 1.00. Over the past decade, Hydrogen Freehold and Leasehold REIT's PB Ratio has ranged from 0.87 to 1.13. According to the industry distribution chart, Hydrogen Freehold and Leasehold REIT ranks #520 out of 923 companies in the REITs industry, placing it in the top 56.3%.
Is Hydrogen Freehold and Leasehold REIT's PB Ratio too high?
Hydrogen Freehold and Leasehold REIT's current PB Ratio of 0.91 is near median its 10-year median of 1.00. Over the past 10 years, this metric has ranged from a low of 0.87 to a high of 1.13. The REITs industry median PB Ratio is 0.85. Hydrogen Freehold and Leasehold REIT's value of 0.91 is 7.1% above this industry median. Based on the distribution chart, Hydrogen Freehold and Leasehold REIT ranks #520 out of 923 companies in the REITs industry, which is below the industry midpoint. Overall, Hydrogen Freehold and Leasehold REIT has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hydrogen Freehold and Leasehold REIT's PB Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Hydrogen Freehold and Leasehold REIT ranks #520 out of 923 companies for PB Ratio. This places Hydrogen Freehold and Leasehold REIT in the lower half of its industry. The industry median PB Ratio is 0.85. Hydrogen Freehold and Leasehold REIT's value of 0.91 is 7.1% above this benchmark. Historically, Hydrogen Freehold and Leasehold REIT's own PB Ratio has ranged from 0.87 to 1.13 over the past decade. While the company's 10-year median is 1.00 vs. the industry median of 0.85, Hydrogen Freehold and Leasehold 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 0.85, based on 923 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. Hydrogen Freehold and Leasehold REIT's current PB Ratio of 0.91 is 7.1% 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 Hydrogen Freehold and Leasehold REIT and its competitors. For the REITs industry, the median PB Ratio is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hydrogen Freehold and Leasehold REIT's current PB Ratio is 0.91, which is near median its own 10-year median of 1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hydrogen Freehold and Leasehold REIT stock overvalued right now?
Based on GuruFocus' analysis, Hydrogen Freehold and Leasehold REIT (BKK:HYDROGEN) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿9.93, compared to a current price of ฿8.20 — trading 17.4% below its estimated fair value. The current PB Ratio is 0.91, which is near median its 10-year median of 1.00 and 7.1% above the REITs industry median of 0.85. Hydrogen Freehold and Leasehold REIT's overall GF Score™ is 57/100 with 4 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 Hydrogen Freehold and Leasehold REIT (BKK:HYDROGEN), the current PB Ratio is 0.91 as of Aug. 11, 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 Hydrogen Freehold and Leasehold REIT (BKK:HYDROGEN) Overvalued in 2026?
Based on GuruFocus' analysis, Hydrogen Freehold and Leasehold REIT stock appears to be undervalued.
The current stock price of ฿8.20 is trading 17.4% below its estimated GF Value™ of ฿9.93.
GuruFocus considers Hydrogen Freehold and Leasehold REIT to be Modestly Undervalued.
Key valuation signals for BKK:HYDROGEN:
PB Ratio: 0.91 (near median its 10-year median of 1.00)
GF Value™: ฿9.93 vs. price of ฿8.20 (17.4% below fair value)
Industry Position: 7.1% above the REITs median (#520 of 923)
No single metric tells the full story. See the BKK:HYDROGEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hydrogen Freehold and Leasehold REIT is a close-ended trust that invests in the freehold rights, the leasehold and sub-leasehold rights over parts of land, factory, warehouse, and moveable properties of Saha Group Industrial Park - Kabinburi; Saha Group Industrial Park - Mae Sot, Saha Group Industrial Park - Sriracha, and Tiger Suvarnabhumi Distribution Center - Lat Krabang.
57GF Score
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