Derwent LondonCHIX:DLNL +1.25%74 PB Ratio is 0.63 as of Jul. 12, 2026, which is 17% below its 10-year median of 0.76. GuruFocus rates CHIX:DLNL with a GF Score™ of 74/100 and a GF Value™ of £23.18 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 929 REITs companies, Derwent London ranks better than 75.67% 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 (2026-07-12), Derwent London's share price is £20.26. Derwent London's Book Value per Share for the quarter that ended in Dec. 2025 was £32.20. Hence, Derwent London's PB Ratio of today is 0.63.
Warning Sign:
Derwent London PLC stock PB Ratio (=0.63) is close to 1-year high of 0.63.
The historical rank and industry rank for Derwent London's PB Ratio or its related term are showing as below:
CHIX:DLNl'
s PB Ratio Range Over the Past 10 Years
Min: 0.47 Med: 0.76 Max: 1.08
Current: 0.63
During the past 13 years, Derwent London's highest PB Ratio was 1.08. The lowest was 0.47. And the median was 0.76.
CHIX:DLNl's PB Ratio is ranked better than 75.67% of 929
companies
in the REITs industry
Industry Median: 0.86
vs CHIX:DLNl: 0.63
During the past 12 months, Derwent London's average Book Value Per Share Growth Rate was 2.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -3.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -4.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -1.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Derwent London was 62.80% per year. The lowest was -21.00% per year. And the median was 8.10% 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.
Derwent London PB Ratio Related Terms
Derwent London PB Ratio Historical Data
* Premium members only.
The historical data trend for Derwent London'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 - Office subindustry, Derwent London'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.
Derwent London PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Derwent London's PB Ratio distribution charts can be found below:
* The bar in red indicates where Derwent London'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.
Derwent London'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.
Derwent London (CHIX:DLNL) has a PB Ratio of 0.63 as of Jul. 12, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Derwent London and its competitors. This is 17% below median its historical median of 0.76. Over the past decade, Derwent London's PB Ratio has ranged from 0.47 to 1.08. According to the industry distribution chart, Derwent London ranks #226 out of 929 companies in the REITs industry, placing it in the top 24.3%.
Is Derwent London's PB Ratio too high?
Derwent London's current PB Ratio of 0.63 is 17% below median its 10-year median of 0.76. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 1.08. The REITs industry median PB Ratio is 0.86. Derwent London's value of 0.63 is 26.7% below this industry median. Based on the distribution chart, Derwent London ranks #226 out of 929 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Derwent London has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Derwent London's PB Ratio compare to BXP and ARE?
According to the REITs industry distribution chart, Derwent London ranks #226 out of 929 companies for PB Ratio. This places Derwent London in the top 24% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.86. Derwent London's value of 0.63 is 26.7% below this benchmark. Historically, Derwent London's own PB Ratio has ranged from 0.47 to 1.08 over the past decade. While the company's 10-year median is 0.76 vs. the industry median of 0.86, Derwent London 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. Derwent London's current PB Ratio of 0.63 is 26.7% 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 Derwent London 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. Derwent London's current PB Ratio is 0.63, which is 17% below median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Derwent London stock overvalued right now?
Based on GuruFocus' analysis, Derwent London (CHIX:DLNL) is currently considered Modestly Undervalued. The stock's GF Value™ is £23.18, compared to a current price of £20.26 — trading 12.6% below its estimated fair value. The current PB Ratio is 0.63, which is 17% below median its 10-year median of 0.76 and 26.7% below the REITs industry median of 0.86. Derwent London's overall GF Score™ is 74/100 with 10 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 Derwent London (CHIX:DLNL), the current PB Ratio is 0.63 as of Jul. 12, 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 Derwent London (CHIX:DLNL) Overvalued in 2026?
Based on GuruFocus' analysis, Derwent London stock appears to be undervalued.
The current stock price of £20.26 is trading 12.6% below its estimated GF Value™ of £23.18.
GuruFocus considers Derwent London to be Modestly Undervalued.
Key valuation signals for CHIX:DLNL:
PB Ratio: 0.63 (17% below median its 10-year median of 0.76)
GF Value™: £23.18 vs. price of £20.26 (12.6% below fair value)
Industry Position: 26.7% below the REITs median (#226 of 929)
No single metric tells the full story. See the CHIX:DLNL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Derwent London PLC is London's inventive office specialist property regenerators and investors and is well known for its design-led philosophy and creative management approach to development. Its appealing designs attract a range of tenants, including those from creative industries. The group has been a Real Estate Investment Trust (REIT) principally property investors with tax-exempt property rental businesses, but remain subject to corporation tax on nonexempt income and gains The Group owns and manages an investment portfolio of approximately 5.4 million sq ft, of which 98% is located in central London, with a specific focus on the West End and the areas bordering the City of London.
74GF Score
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