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Vastned NVFRA:IJX -1.34%63 PB Ratio is 0.66 as of Jul. 18, 2026, which is 3% below its 10-year median of 0.68. GuruFocus rates FRA:IJX with a GF Score™ of 63/100 and a GF Value™ of €24.66. The stock has 9 warning signs investors should review. Among 922 REITs companies, Vastned NV ranks better than 73.21% 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 (2026-07-18), Vastned NV's share price is €29.55. Vastned NV's Book Value per Share for the quarter that ended in Dec. 2025 was €44.92. Hence, Vastned NV's PB Ratio of today is 0.66.
The historical rank and industry rank for Vastned NV's PB Ratio or its related term are showing as below:
FRA:IJX'
s PB Ratio Range Over the Past 10 Years
Min: 0.38 Med: 0.68 Max: 1.2
Current: 0.66
During the past 13 years, Vastned NV's highest PB Ratio was 1.20. The lowest was 0.38. And the median was 0.68.
FRA:IJX's PB Ratio is ranked better than 73.21% of 922
companies
in the REITs industry
Industry Median: 0.86
vs FRA:IJX: 0.66
During the past 12 months, Vastned NV's average Book Value Per Share Growth Rate was 4.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -0.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -0.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -1.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Vastned NV was 995.70% per year. The lowest was -5.20% per year. And the median was 2.30% 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.
Vastned NV PB Ratio Related Terms
Vastned NV PB Ratio Historical Data
* Premium members only.
The historical data trend for Vastned NV'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 - Retail subindustry, Vastned NV'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.
Vastned NV PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Vastned NV's PB Ratio distribution charts can be found below:
* The bar in red indicates where Vastned NV'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.
Vastned NV'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.
Vastned NV (FRA:IJX) has a PB Ratio of 0.66 as of Jul. 18, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Vastned NV and its competitors. This is near median its historical median of 0.68. Over the past decade, Vastned NV's PB Ratio has ranged from 0.38 to 1.20. According to the industry distribution chart, Vastned NV ranks #247 out of 922 companies in the REITs industry, placing it in the top 26.8%.
Is Vastned NV's PB Ratio too high?
Vastned NV's current PB Ratio of 0.66 is near median its 10-year median of 0.68. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 1.20. The REITs industry median PB Ratio is 0.86. Vastned NV's value of 0.66 is 23.3% below this industry median. Based on the distribution chart, Vastned NV ranks #247 out of 922 companies in the REITs industry, which is above the industry midpoint. Overall, Vastned NV has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Vastned NV's PB Ratio compare to SPG and O?
According to the REITs industry distribution chart, Vastned NV ranks #247 out of 922 companies for PB Ratio. This puts Vastned NV in the upper half of its industry. The industry median PB Ratio is 0.86. Vastned NV's value of 0.66 is 23.3% below this benchmark. Historically, Vastned NV's own PB Ratio has ranged from 0.38 to 1.20 over the past decade. While the company's 10-year median is 0.68 vs. the industry median of 0.86, Vastned NV 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 922 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. Vastned NV's current PB Ratio of 0.66 is 23.3% 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 Vastned NV 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. Vastned NV's current PB Ratio is 0.66, which is near median its own 10-year median of 0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vastned NV stock overvalued right now?
Vastned NV (FRA:IJX) has a current PB Ratio of 0.66. The stock's GF Value™ is €24.66, compared to a current price of €29.55 — trading 19.8% above its estimated fair value. The current PB Ratio is 0.66, which is near median its 10-year median of 0.68 and 23.3% below the REITs industry median of 0.86. Vastned NV's overall GF Score™ is 63/100 with 9 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 Vastned NV (FRA:IJX), the current PB Ratio is 0.66 as of Jul. 18, 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 Vastned NV (FRA:IJX) Overvalued in 2026?
Based on GuruFocus' analysis, Vastned NV stock appears to be overvalued.
The current stock price of €29.55 is trading 19.8% above its estimated GF Value™ of €24.66.
Key valuation signals for FRA:IJX:
PB Ratio: 0.66 (near median its 10-year median of 0.68)
GF Value™: €24.66 vs. price of €29.55 (19.8% above fair value)
Industry Position: 23.3% below the REITs median (#247 of 922)
No single metric tells the full story. See the FRA:IJX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vastned NV, formerly Vastned Belgium is a Belgium-based property investment company. Principally, it invests in Belgian commercial real estate, prime retail properties located on the shopping streets in the cities of Antwerp, Brussels, Ghent and Bruges, inner-city shops, high-end retail parks and retail warehouses.
63GF Score
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