LH Shopping Centers Leasehold Real Estate Investment Trust (BKK:LHSC) PB Ratio: 1.18 (As of Jul. 08, 2026) — 20% Above Median


BKK:LHSC LH Shopping Centers Leasehold Real Estate Investment Trust BKK:LHSC
87 GF Score
Price ฿15.10
GF Value ฿14.09
Valuation Fairly Valued
! 6 Warning Signs
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What is LH Shopping Centers Leasehold Real Estate Investment Trust PB Ratio?

LH Shopping Centers Leasehold Real Estate Investment Trust BKK:LHSC -1.31% 87 PB Ratio is 1.18 as of Jul. 08, 2026, which is 20% above its 10-year median of 0.98. GuruFocus rates BKK:LHSC with a GF Score™ of 87/100 and a GF Value™ of ฿14.09 (Fairly Valued). The stock has 6 warning signs investors should review. Among 927 REITs companies, LH Shopping Centers Leasehold Real Estate Investment Trust ranks worse than 76.05% 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 (2026-07-08), LH Shopping Centers Leasehold Real Estate Investment Trust's share price is ฿15.10. LH Shopping Centers Leasehold Real Estate Investment Trust's Book Value per Share for the quarter that ended in Mar. 2026 was ฿12.77. Hence, LH Shopping Centers Leasehold Real Estate Investment Trust's PB Ratio of today is 1.18.

Warning Sign:

LH Shopping Centers Leasehold Real Estate Investment Trust stock PB Ratio (=1.19) is close to 5-year high of 1.19.

The historical rank and industry rank for LH Shopping Centers Leasehold Real Estate Investment Trust's PB Ratio or its related term are showing as below:

BKK:LHSC' s PB Ratio Range Over the Past 10 Years
Min: 0.77   Med: 0.98   Max: 1.61
Current: 1.18

During the past 12 years, LH Shopping Centers Leasehold Real Estate Investment Trust's highest PB Ratio was 1.61. The lowest was 0.77. And the median was 0.98.

BKK:LHSC's PB Ratio is ranked worse than
76.05% of 927 companies
in the REITs industry
Industry Median: 0.86 vs BKK:LHSC: 1.18

During the past 12 months, LH Shopping Centers Leasehold Real Estate Investment Trust's average Book Value Per Share Growth Rate was 5.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 1.80% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 1.10% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 0.80% per year.

During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of LH Shopping Centers Leasehold Real Estate Investment Trust was 4.30% per year. The lowest was -0.30% per year. And the median was 1.00% per year.

Back to Basics: PB Ratio


LH Shopping Centers Leasehold Real Estate Investment Trust  (BKK:LHSC) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.


LH Shopping Centers Leasehold Real Estate Investment Trust PB Ratio Related Terms


LH Shopping Centers Leasehold Real Estate Investment Trust PB Ratio Historical Data

* Premium members only.

The historical data trend for LH Shopping Centers Leasehold Real Estate Investment Trust'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.

LH Shopping Centers Leasehold Real Estate Investment Trust PB Ratio Chart

LH Shopping Centers Leasehold Real Estate Investment Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.87 0.93 0.81 0.94 1.01

LH Shopping Centers Leasehold Real Estate Investment Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.00 0.93 0.96 1.01 1.09

BKK:LHSC vs VICI, WPC, BNL: PB Ratio Comparison

For the REIT - Diversified subindustry, LH Shopping Centers Leasehold Real Estate Investment 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.


LH Shopping Centers Leasehold Real Estate Investment Trust PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, LH Shopping Centers Leasehold Real Estate Investment Trust's PB Ratio distribution charts can be found below:

* The bar in red indicates where LH Shopping Centers Leasehold Real Estate Investment Trust's PB Ratio falls into.


BKK:LHSC
87GF Score
LH Shopping Centers Leasehold Real Estate Investment Trust BKK:LHSC
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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LH Shopping Centers Leasehold Real Estate Investment Trust 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.

LH Shopping Centers Leasehold Real Estate Investment Trust's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=15.10/12.765
=1.18

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 1.18 mean?
LH Shopping Centers Leasehold Real Estate Investment Trust (BKK:LHSC) has a PB Ratio of 1.18 as of Jul. 08, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on LH Shopping Centers Leasehold Real Estate Investment Trust and its competitors. This is 20% above median its historical median of 0.98. Over the past decade, LH Shopping Centers Leasehold Real Estate Investment Trust's PB Ratio has ranged from 0.77 to 1.61. According to the industry distribution chart, LH Shopping Centers Leasehold Real Estate Investment Trust ranks #705 out of 927 companies in the REITs industry, placing it in the top 76.1%.
Is LH Shopping Centers Leasehold Real Estate Investment Trust's PB Ratio too high?
LH Shopping Centers Leasehold Real Estate Investment Trust's current PB Ratio of 1.18 is 20% above median its 10-year median of 0.98. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 1.61. The REITs industry median PB Ratio is 0.86. LH Shopping Centers Leasehold Real Estate Investment Trust's value of 1.18 is 37.2% above this industry median. Based on the distribution chart, LH Shopping Centers Leasehold Real Estate Investment Trust ranks #705 out of 927 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, LH Shopping Centers Leasehold Real Estate Investment Trust has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does LH Shopping Centers Leasehold Real Estate Investment Trust's PB Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, LH Shopping Centers Leasehold Real Estate Investment Trust ranks #705 out of 927 companies for PB Ratio. This places LH Shopping Centers Leasehold Real Estate Investment Trust in the lower half of its industry. The industry median PB Ratio is 0.86. LH Shopping Centers Leasehold Real Estate Investment Trust's value of 1.18 is 37.2% above this benchmark. Historically, LH Shopping Centers Leasehold Real Estate Investment Trust's own PB Ratio has ranged from 0.77 to 1.61 over the past decade. While the company's 10-year median is 0.98 vs. the industry median of 0.86, LH Shopping Centers Leasehold Real Estate Investment Trust 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 927 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. LH Shopping Centers Leasehold Real Estate Investment Trust's current PB Ratio of 1.18 is 37.2% 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 LH Shopping Centers Leasehold Real Estate Investment 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. LH Shopping Centers Leasehold Real Estate Investment Trust's current PB Ratio is 1.18, which is 20% above median its own 10-year median of 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LH Shopping Centers Leasehold Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, LH Shopping Centers Leasehold Real Estate Investment Trust (BKK:LHSC) is currently considered Fairly Valued. The stock's GF Value™ is ฿14.09, compared to a current price of ฿15.10 — trading 7.2% above its estimated fair value. The current PB Ratio is 1.18, which is 20% above median its 10-year median of 0.98 and 37.2% above the REITs industry median of 0.86. LH Shopping Centers Leasehold Real Estate Investment Trust's overall GF Score™ is 87/100 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 LH Shopping Centers Leasehold Real Estate Investment Trust (BKK:LHSC), the current PB Ratio is 1.18 as of Jul. 08, 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 LH Shopping Centers Leasehold Real Estate Investment Trust (BKK:LHSC) Overvalued in 2026?

Based on GuruFocus' analysis, LH Shopping Centers Leasehold Real Estate Investment Trust stock appears to be overvalued. The current stock price of ฿15.10 is trading 7.2% above its estimated GF Value™ of ฿14.09. GuruFocus considers LH Shopping Centers Leasehold Real Estate Investment Trust to be Fairly Valued.

Key valuation signals for BKK:LHSC:

  • PB Ratio: 1.18 (20% above median its 10-year median of 0.98)
  • GF Value™: ฿14.09 vs. price of ฿15.10 (7.2% above fair value)
  • GF Score™: 87/100 with 6 warning signs
  • Industry Position: 37.2% above the REITs median (#705 of 927)

No single metric tells the full story. See the BKK:LHSC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


LH Shopping Centers Leasehold Real Estate Investment Trust Business Description

Industry Real EstateREITs
Address South Sathorn Road, 1 Q.House Lumpini Building14th Floor, Tungmahamek, Sathorn, Bangkok, THA, 10120
LH Shopping Centers Leasehold Real Estate Investment Trust is a specific closed-end real estate investment trust. The Trust's objectives are to raise funds from general investors and to use the proceeds from such fundraising for purchase and/or lease and/or sub-lease and/or take the transfer of leasehold rights and/or the transfer of sub-leasehold rights to immovable properties, and seek benefits from those properties, whether in the form of improving, changing, developing and/or disposing of the properties for the purpose of generating income and returns for the Trust and its unitholders.
87GF Score

Get the complete analysis for BKK:LHSC

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿15.10
Price
฿14.09
GF Value