COPT Defense PropertiesCDP +3.24%73 PB Ratio is 2.72 as of Jun. 28, 2026, which is 40% above its 10-year median of 1.94. GuruFocus rates CDP with a GF Score™ of 73/100 and a GF Value™ of $28.62 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 934 REITs companies, COPT Defense Properties ranks worse than 94% on this metric.
COPT Defense Properties stock PB Ratio (=2.72) is close to 10-year high of 2.72.
The historical rank and industry rank for COPT Defense Properties's PB Ratio or its related term are showing as below:
CDP'
s PB Ratio Range Over the Past 10 Years
Min: 1.1 Med: 1.94 Max: 2.72
Current: 2.72
During the past 13 years, COPT Defense Properties's highest PB Ratio was 2.72. The lowest was 1.10. And the median was 1.94.
CDP's PB Ratio is ranked worse than 94% of 934
companies
in the REITs industry
Industry Median: 0.87
vs CDP: 2.72
During the past 12 months, COPT Defense Properties's average Book Value Per Share Growth Rate was 1.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -3.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -2.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -0.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of COPT Defense Properties was 22.50% per year. The lowest was -11.40% per year. And the median was 1.40% per year.
Back to Basics: PB Ratio
COPT Defense Properties (NYSE:CDP) 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, COPT Defense Properties'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.
COPT Defense Properties PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, COPT Defense Properties's PB Ratio distribution charts can be found below:
* The bar in red indicates where COPT Defense Properties'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.
COPT Defense Properties (CDP) has a PB Ratio of 2.72 as of Jun. 28, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on COPT Defense Properties and its competitors. This is 40% above median its historical median of 1.94. Over the past decade, COPT Defense Properties' PB Ratio has ranged from 1.10 to 2.72. According to the industry distribution chart, COPT Defense Properties ranks #878 out of 934 companies in the REITs industry, placing it in the top 94%.
Is COPT Defense Properties' PB Ratio too high?
COPT Defense Properties' current PB Ratio of 2.72 is 40% above median its 10-year median of 1.94. Over the past 10 years, this metric has ranged from a low of 1.10 to a high of 2.72. The REITs industry median PB Ratio is 0.87. COPT Defense Properties' value of 2.72 is 212.6% above this industry median. Based on the distribution chart, COPT Defense Properties ranks #878 out of 934 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, COPT Defense Properties has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does COPT Defense Properties' PB Ratio compare to KRC and SLG?
According to the REITs industry distribution chart, COPT Defense Properties ranks #878 out of 934 companies for PB Ratio. This places COPT Defense Properties in the lower half of its industry. The industry median PB Ratio is 0.87. COPT Defense Properties' value of 2.72 is 212.6% above this benchmark. Historically, COPT Defense Properties' own PB Ratio has ranged from 1.10 to 2.72 over the past decade. While the company's 10-year median is 1.94 vs. the industry median of 0.87, COPT Defense Properties 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 934 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. COPT Defense Properties's current PB Ratio of 2.72 is 212.6% 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 COPT Defense Properties 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. COPT Defense Properties's current PB Ratio is 2.72, which is 40% above median its own 10-year median of 1.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is COPT Defense Properties stock overvalued right now?
Based on GuruFocus' analysis, COPT Defense Properties (CDP) is currently considered Modestly Overvalued. The stock's GF Value™ is $28.62, compared to a current price of $36.32 — trading 26.9% above its estimated fair value. The current PB Ratio is 2.72, which is 40% above median its 10-year median of 1.94 and 212.6% above the REITs industry median of 0.87. COPT Defense Properties' overall GF Score™ is 73/100 with 11 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 COPT Defense Properties (CDP), the current PB Ratio is 2.72 as of Jun. 28, 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 COPT Defense Properties (CDP) Overvalued in 2026?
Based on GuruFocus' analysis, COPT Defense Properties stock appears to be overvalued.
The current stock price of $36.32 is trading 26.9% above its estimated GF Value™ of $28.62.
GuruFocus considers COPT Defense Properties to be Modestly Overvalued.
Key valuation signals for CDP:
PB Ratio: 2.72 (40% above median its 10-year median of 1.94)
GF Value™: $28.62 vs. price of $36.32 (26.9% above fair value)
Industry Position: 212.6% above the REITs median (#878 of 934)
No single metric tells the full story. See the CDP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
COPT Defense Properties is a fully-integrated and self-managed real estate investment trust (REIT) focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government (USG) defense installations and missions. The company has two reportable segments: Defense/IT Portfolio; and Other. Defense/IT Portfolio includes sub-segments such as: Fort George G. Meade and the Baltimore/Washington Corridor (Fort Meade/BW Corridor); Redstone Arsenal in Huntsville, Alabama; Northern Virginia Defense/IT Locations (NoVA Defense/IT); Lackland Air Force Base in San Antonio, Texas; locations serving the U.S. Navy (Navy Support); and data center shells in Northern Virginia.
73GF Score
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