Wharf Real Estate Investment Co Ltd stock PB Ratio (=0.37) is close to 1-year low of 0.35.
The historical rank and industry rank for Wharf Real Estate Investment Co's PB Ratio or its related term are showing as below:
FRA:4WF'
s PB Ratio Range Over the Past 10 Years
Min: 0.28 Med: 0.55 Max: 0.91
Current: 0.37
During the past 12 years, Wharf Real Estate Investment Co's highest PB Ratio was 0.91. The lowest was 0.28. And the median was 0.55.
FRA:4WF's PB Ratio is ranked better than 80.49% of 1712
companies
in the Real Estate industry
Industry Median: 0.82
vs FRA:4WF: 0.37
During the past 12 months, Wharf Real Estate Investment Co's average Book Value Per Share Growth Rate was -3.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -1.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -2.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -1.30% per year.
During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of Wharf Real Estate Investment Co was 2.80% per year. The lowest was -4.10% per year. And the median was -1.50% per year.
Back to Basics: PB Ratio
Wharf Real Estate Investment Co (FRA:4WF) 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.
Wharf Real Estate Investment Co PB Ratio Related Terms
Wharf Real Estate Investment Co 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.
For the Real Estate Services subindustry, Wharf Real Estate Investment Co'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.
Wharf Real Estate Investment Co PB Ratio vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Wharf Real Estate Investment Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Wharf Real Estate Investment Co's PB Ratio falls into.
Wharf Real Estate Investment Co 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.
Wharf Real Estate Investment Co (FRA:4WF) has a PB Ratio of 0.36 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 Wharf Real Estate Investment Co and its competitors. This is 35% below median its historical median of 0.55. Over the past decade, Wharf Real Estate Investment Co's PB Ratio has ranged from 0.28 to 0.91. According to the industry distribution chart, Wharf Real Estate Investment Co ranks #334 out of 1712 companies in the Real Estate industry, placing it in the top 19.5%.
Is Wharf Real Estate Investment Co's PB Ratio too high?
Wharf Real Estate Investment Co's current PB Ratio of 0.36 is 35% below median its 10-year median of 0.55. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 0.91. The Real Estate industry median PB Ratio is 0.82. Wharf Real Estate Investment Co's value of 0.36 is 56.1% below this industry median. Based on the distribution chart, Wharf Real Estate Investment Co ranks #334 out of 1712 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Wharf Real Estate Investment Co has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wharf Real Estate Investment Co's PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Wharf Real Estate Investment Co ranks #334 out of 1712 companies for PB Ratio. This places Wharf Real Estate Investment Co in the top 20% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.82. Wharf Real Estate Investment Co's value of 0.36 is 56.1% below this benchmark. Historically, Wharf Real Estate Investment Co's own PB Ratio has ranged from 0.28 to 0.91 over the past decade. While the company's 10-year median is 0.55 vs. the industry median of 0.82, Wharf Real Estate Investment Co 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 Real Estate company?
The median PB Ratio among Real Estate companies is 0.82, based on 1,712 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. Wharf Real Estate Investment Co's current PB Ratio of 0.36 is 56.1% 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 Wharf Real Estate Investment Co 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. Wharf Real Estate Investment Co's current PB Ratio is 0.36, which is 35% below median its own 10-year median of 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wharf Real Estate Investment Co stock overvalued right now?
Based on GuruFocus' analysis, Wharf Real Estate Investment Co (FRA:4WF) is currently considered Modestly Undervalued. The stock's GF Value™ is €2.53, compared to a current price of €2.34 — trading 7.5% below its estimated fair value. The current PB Ratio is 0.36, which is 35% below median its 10-year median of 0.55 and 56.1% below the Real Estate industry median of 0.82. Wharf Real Estate Investment Co's overall GF Score™ is 75/100 with 3 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 Wharf Real Estate Investment Co (FRA:4WF), the current PB Ratio is 0.36 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 Wharf Real Estate Investment Co (FRA:4WF) Overvalued in 2026?
Based on GuruFocus' analysis, Wharf Real Estate Investment Co stock appears to be undervalued.
The current stock price of €2.34 is trading 7.5% below its estimated GF Value™ of €2.53.
GuruFocus considers Wharf Real Estate Investment Co to be Modestly Undervalued.
Key valuation signals for FRA:4WF:
PB Ratio: 0.36 (35% below median its 10-year median of 0.55)
GF Value™: €2.53 vs. price of €2.34 (7.5% below fair value)
Industry Position: 56.1% below the Real Estate median (#334 of 1712)
No single metric tells the full story. See the FRA:4WF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wharf Real Estate Investment Co Business Description
Wharf spun off Wharf Real Estate Investment Co. in November 2017. It is a leading property investor with a focus on prime retail assets in Hong Kong. Rental income from flagship assets Harbour City and Times Square accounts for over 85% of revenue. The balance comes from Plaza Hollywood, The Murray, and Marco Polo hotels, and two offices in the central business district. The group also holds two malls in Singapore and a mixed development in Suzhou. Wharf was originally a shipping company but transformed into a property developer and investor in the 1960s by redeveloping its unused industrial assets, many located in city center and waterfront locations. The Harbour City site had been wharfs, and the Times Square site was a tram depot in the 1970s. Wheelock holds a 49% stake in the group.
75GF Score
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