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First Ship Lease TrustFRA:LJ9 PB Ratio is 0.75 as of Jul. 14, 2026, which is 11% below its 10-year median of 0.84. The stock has 2 warning signs investors should review. Among 1,048 Business Services companies, First Ship Lease Trust ranks better than 62.4% on this metric.
First Ship Lease Trust stock PB Ratio (=1.22) is close to 1-year low of 1.22.
The historical rank and industry rank for First Ship Lease Trust's PB Ratio or its related term are showing as below:
FRA:LJ9'
s PB Ratio Range Over the Past 10 Years
Min: 0.12 Med: 0.84 Max: 2.1
Current: 1.22
During the past 13 years, First Ship Lease Trust's highest PB Ratio was 2.10. The lowest was 0.12. And the median was 0.84.
FRA:LJ9's PB Ratio is ranked better than 62.4% of 1048
companies
in the Business Services industry
Industry Median: 1.66
vs FRA:LJ9: 1.22
During the past 12 months, First Ship Lease Trust's average Book Value Per Share Growth Rate was 14.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -6.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -18.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -29.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of First Ship Lease Trust was 2.90% per year. The lowest was -46.60% per year. And the median was -16.55% per year.
Back to Basics: PB Ratio
First Ship Lease Trust (FRA:LJ9) 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.
* 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 Rental & Leasing Services subindustry, First Ship Lease Trust'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.
First Ship Lease Trust PB Ratio vs Business Services Industry
For the Business Services industry and Industrials sector, First Ship Lease Trust's PB Ratio distribution charts can be found below:
* The bar in red indicates where First Ship Lease Trust'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.
* 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.
First Ship Lease Trust (FRA:LJ9) has a PB Ratio of 0.75 as of Jul. 14, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on First Ship Lease Trust and its competitors. This is 11% below median its historical median of 0.84. Over the past decade, First Ship Lease Trust's PB Ratio has ranged from 0.12 to 2.10. According to the industry distribution chart, First Ship Lease Trust ranks #394 out of 1048 companies in the Business Services industry, placing it in the top 37.6%.
Is First Ship Lease Trust's PB Ratio too high?
First Ship Lease Trust's current PB Ratio of 0.75 is 11% below median its 10-year median of 0.84. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 2.10. The Business Services industry median PB Ratio is 1.66. First Ship Lease Trust's value of 0.75 is 54.8% below this industry median. Based on the distribution chart, First Ship Lease Trust ranks #394 out of 1048 companies in the Business Services industry, which is above the industry midpoint.
How does First Ship Lease Trust's PB Ratio compare to URI and SUNB?
According to the Business Services industry distribution chart, First Ship Lease Trust ranks #394 out of 1048 companies for PB Ratio. This puts First Ship Lease Trust in the upper half of its industry. The industry median PB Ratio is 1.66. First Ship Lease Trust's value of 0.75 is 54.8% below this benchmark. Historically, First Ship Lease Trust's own PB Ratio has ranged from 0.12 to 2.10 over the past decade. While the company's 10-year median is 0.84 vs. the industry median of 1.66, First Ship Lease Trust 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 Business Services company?
The median PB Ratio among Business Services companies is 1.66, based on 1,048 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. First Ship Lease Trust's current PB Ratio of 0.75 is 54.8% 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 First Ship Lease Trust and its competitors. For the Business Services industry, the median PB Ratio is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Ship Lease Trust's current PB Ratio is 0.75, which is 11% below median its own 10-year median of 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Ship Lease Trust stock overvalued right now?
First Ship Lease Trust (FRA:LJ9) has a current PB Ratio of 0.75. The stock's GF Value™ is €0.01, compared to a current price of €0.02 — trading 58% above its estimated fair value. The current PB Ratio is 0.75, which is 11% below median its 10-year median of 0.84 and 54.8% below the Business Services industry median of 1.66. 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 First Ship Lease Trust (FRA:LJ9), the current PB Ratio is 0.75 as of Jul. 14, 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.
First Ship Lease Trust is engaged in the shipping business. The trust acts as a shipowner and provider of leasing services to the international shipping industry. The group has one segment that is only involved in the leasing and chartering of vessels which is carried out in international waters. The company has 6 vessels chartered to an international shipping company on fixed-rate period bareboat charters.
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