Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
CONXCNXX 24 PB Ratio is 1.91 as of Sep. 11, 2026, which is at its 10-year median of 1.91. GuruFocus rates CNXX with a GF Score™ of 24/100. The stock has 5 warning signs investors should review. Among 1,715 Real Estate companies, CONX ranks worse than 80.82% 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 (2026-09-11), CONX's share price is $5.56. CONX's Book Value per Share for the quarter that ended in Sep. 2025 was $2.91. Hence, CONX's PB Ratio of today is 1.91.
The historical rank and industry rank for CONX's PB Ratio or its related term are showing as below:
CNXX'
s PB Ratio Range Over the Past 10 Years
Min: 0.62 Med: 1.91 Max: 2.2
Current: 1.91
During the past 5 years, CONX's highest PB Ratio was 2.20. The lowest was 0.62. And the median was 1.91.
CNXX's PB Ratio is ranked worse than 80.82% of 1715
companies
in the Real Estate industry
Industry Median: 0.82
vs CNXX: 1.91
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.
CONX PB Ratio Related Terms
CONX PB Ratio Historical Data
* Premium members only.
The historical data trend for CONX'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 Real Estate Services subindustry, CONX'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.
CONX PB Ratio vs Real Estate Industry
For the Real Estate industry and Real Estate sector, CONX's PB Ratio distribution charts can be found below:
* The bar in red indicates where CONX'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.
CONX'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.
CONX (CNXX) has a PB Ratio of 1.91 as of Sep. 11, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on CONX and its competitors. This is near median its historical median of 1.91. Over the past decade, CONX's PB Ratio has ranged from 0.62 to 2.20. According to the industry distribution chart, CONX ranks #1386 out of 1715 companies in the Real Estate industry, placing it in the top 80.8%.
Is CONX's PB Ratio too high?
CONX's current PB Ratio of 1.91 is near median its 10-year median of 1.91. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 2.20. The Real Estate industry median PB Ratio is 0.82. CONX's value of 1.91 is 132.9% above this industry median. Based on the distribution chart, CONX ranks #1386 out of 1715 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, CONX has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does CONX's PB Ratio compare to CPTP and SRG?
According to the Real Estate industry distribution chart, CONX ranks #1386 out of 1715 companies for PB Ratio. This places CONX in the lower half of its industry. The industry median PB Ratio is 0.82. CONX's value of 1.91 is 132.9% above this benchmark. Historically, CONX's own PB Ratio has ranged from 0.62 to 2.20 over the past decade. While the company's 10-year median is 1.91 vs. the industry median of 0.82, CONX 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 Real Estate company?
The median PB Ratio among Real Estate companies is 0.82, based on 1,715 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. CONX's current PB Ratio of 1.91 is 132.9% 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 CONX and its competitors. For the Real Estate industry, the median PB Ratio is 0.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CONX's current PB Ratio is 1.91, which is near median its own 10-year median of 1.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CONX stock overvalued right now?
CONX (CNXX) has a current PB Ratio of 1.91. The current PB Ratio is 1.91, which is near median its 10-year median of 1.91 and 132.9% above the Real Estate industry median of 0.82. CONX's overall GF Score™ is 24/100 with 5 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 CONX (CNXX), the current PB Ratio is 1.91 as of Sep. 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.
Address5701 South Santa Fe Drive, Littleton, CO, USA, 80120
CONX Corp is a company seeking opportunities to power the next generation of innovators in communications and connectivity. The company operates through two reportable business segments: i) Technology and Telecommunications, which includes spectrum-sharing technologies and related services; and (ii) Infrastructure and Real Estate, which includes the operation of its commercial property in Littleton, Colorado. The company derives the majority of its revenues prominently from rent received from its operation of real estate property in North America.
24GF Score
Get the complete analysis for CNXX
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CNXX has been successfully added to your 
