FRA:2ES's PB Ratio is ranked worse than 84.18% of 929
companies
in the REITs industry
Industry Median: 0.87
vs FRA:2ES: 1.45
During the past 12 months, Industrial & Infrastructure Fund Investment's average Book Value Per Share Growth Rate was 0.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 2.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 2.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 4.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Industrial & Infrastructure Fund Investment was 6.30% per year. The lowest was 1.90% per year. And the median was 4.70% per year.
Back to Basics: PB Ratio
Industrial & Infrastructure Fund Investment (FRA:2ES) 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.
Industrial & Infrastructure Fund Investment PB Ratio Related Terms
Industrial & Infrastructure Fund Investment 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.
Industrial & Infrastructure Fund Investment PB Ratio Chart
Industrial & Infrastructure Fund Investment Annual Data
For the REIT - Industrial subindustry, Industrial & Infrastructure Fund Investment'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.
Industrial & Infrastructure Fund Investment PB Ratio vs REITs Industry
Industrial & Infrastructure Fund Investment 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.
Industrial & Infrastructure Fund Investment (FRA:2ES) has a PB Ratio of 1.46 as of Jun. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Industrial & Infrastructure Fund Investment and its competitors. This is 18% below median its historical median of 1.79. Over the past decade, Industrial & Infrastructure Fund Investment's PB Ratio has ranged from 1.14 to 2.64. According to the industry distribution chart, Industrial & Infrastructure Fund Investment ranks #782 out of 929 companies in the REITs industry, placing it in the top 84.2%.
Is Industrial & Infrastructure Fund Investment's PB Ratio too high?
Industrial & Infrastructure Fund Investment's current PB Ratio of 1.46 is 18% below median its 10-year median of 1.79. Over the past 10 years, this metric has ranged from a low of 1.14 to a high of 2.64. The REITs industry median PB Ratio is 0.87. Industrial & Infrastructure Fund Investment's value of 1.46 is 67.8% above this industry median. Based on the distribution chart, Industrial & Infrastructure Fund Investment ranks #782 out of 929 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Industrial & Infrastructure Fund Investment has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Industrial & Infrastructure Fund Investment's PB Ratio compare to PLD and PSA?
According to the REITs industry distribution chart, Industrial & Infrastructure Fund Investment ranks #782 out of 929 companies for PB Ratio. This places Industrial & Infrastructure Fund Investment in the lower half of its industry. The industry median PB Ratio is 0.87. Industrial & Infrastructure Fund Investment's value of 1.46 is 67.8% above this benchmark. Historically, Industrial & Infrastructure Fund Investment's own PB Ratio has ranged from 1.14 to 2.64 over the past decade. While the company's 10-year median is 1.79 vs. the industry median of 0.87, Industrial & Infrastructure Fund Investment 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 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. Industrial & Infrastructure Fund Investment's current PB Ratio of 1.46 is 67.8% 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 Industrial & Infrastructure Fund Investment 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. Industrial & Infrastructure Fund Investment's current PB Ratio is 1.46, which is 18% below median its own 10-year median of 1.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industrial & Infrastructure Fund Investment stock overvalued right now?
Industrial & Infrastructure Fund Investment (FRA:2ES) has a current PB Ratio of 1.46. The stock's GF Value™ is €759.39, compared to a current price of €775.00 — trading 2.1% above its estimated fair value. The current PB Ratio is 1.46, which is 18% below median its 10-year median of 1.79 and 67.8% above the REITs industry median of 0.87. Industrial & Infrastructure Fund Investment's overall GF Score™ is 76/100 with 7 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 Industrial & Infrastructure Fund Investment (FRA:2ES), the current PB Ratio is 1.46 as of Jun. 27, 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 Industrial & Infrastructure Fund Investment (FRA:2ES) Overvalued in 2026?
Based on GuruFocus' analysis, Industrial & Infrastructure Fund Investment stock appears to be overvalued.
The current stock price of €775.00 is trading 2.1% above its estimated GF Value™ of €759.39.
Key valuation signals for FRA:2ES:
PB Ratio: 1.46 (18% below median its 10-year median of 1.79)
GF Value™: €759.39 vs. price of €775.00 (2.1% above fair value)
Industry Position: 67.8% above the REITs median (#782 of 929)
No single metric tells the full story. See the FRA:2ES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Industrial & Infrastructure Fund Investment Business Description
Industrial & Infrastructure Fund Investment Corp operates as a J-REIT specializing in industrial properties. The company focuses on industrial properties including logistic facilities, manufacturing and R&D facilities, and infrastructures.
76GF Score
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