Land Securities GroupFRA:LSU2 +8.12%62 PB Ratio is 0.76 as of Jun. 25, 2026, which is 13% above its 10-year median of 0.67. GuruFocus rates FRA:LSU2 with a GF Score™ of 62/100 and a GF Value™ of €7.10 (Fairly Valued). The stock has 6 warning signs investors should review. Among 929 REITs companies, Land Securities Group ranks better than 65.55% on this metric.
The historical rank and industry rank for Land Securities Group's PB Ratio or its related term are showing as below:
FRA:LSU2'
s PB Ratio Range Over the Past 10 Years
Min: 0.42 Med: 0.67 Max: 0.83
Current: 0.77
During the past 13 years, Land Securities Group's highest PB Ratio was 0.83. The lowest was 0.42. And the median was 0.67.
FRA:LSU2's PB Ratio is ranked better than 65.55% of 929
companies
in the REITs industry
Industry Median: 0.86
vs FRA:LSU2: 0.77
During the past 12 months, Land Securities Group's average Book Value Per Share Growth Rate was 0.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -2.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -3.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -6.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Land Securities Group was 21.70% per year. The lowest was -28.40% per year. And the median was 4.00% per year.
Back to Basics: PB Ratio
Land Securities Group (FRA:LSU2) 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 REIT - Diversified subindustry, Land Securities Group'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.
Land Securities Group PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Land Securities Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Land Securities Group'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.
Land Securities Group (FRA:LSU2) has a PB Ratio of 0.76 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Land Securities Group and its competitors. This is 13% above median its historical median of 0.67. Over the past decade, Land Securities Group's PB Ratio has ranged from 0.42 to 0.83. According to the industry distribution chart, Land Securities Group ranks #320 out of 929 companies in the REITs industry, placing it in the top 34.4%.
Is Land Securities Group's PB Ratio too high?
Land Securities Group's current PB Ratio of 0.76 is 13% above median its 10-year median of 0.67. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 0.83. The REITs industry median PB Ratio is 0.86. Land Securities Group's value of 0.76 is 11.6% below this industry median. Based on the distribution chart, Land Securities Group ranks #320 out of 929 companies in the REITs industry, which is above the industry midpoint. Overall, Land Securities Group has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Land Securities Group's PB Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Land Securities Group ranks #320 out of 929 companies for PB Ratio. This puts Land Securities Group in the upper half of its industry. The industry median PB Ratio is 0.86. Land Securities Group's value of 0.76 is 11.6% below this benchmark. Historically, Land Securities Group's own PB Ratio has ranged from 0.42 to 0.83 over the past decade. While the company's 10-year median is 0.67 vs. the industry median of 0.86, Land Securities Group 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 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. Land Securities Group's current PB Ratio of 0.76 is 11.6% 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 Land Securities Group 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. Land Securities Group's current PB Ratio is 0.76, which is 13% above median its own 10-year median of 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Land Securities Group stock overvalued right now?
Based on GuruFocus' analysis, Land Securities Group (FRA:LSU2) is currently considered Fairly Valued. The stock's GF Value™ is €7.10, compared to a current price of €7.73 — trading 8.8% above its estimated fair value. The current PB Ratio is 0.76, which is 13% above median its 10-year median of 0.67 and 11.6% below the REITs industry median of 0.86. Land Securities Group's overall GF Score™ is 62/100 with 6 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 Land Securities Group (FRA:LSU2), the current PB Ratio is 0.76 as of Jun. 25, 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 Land Securities Group (FRA:LSU2) Overvalued in 2026?
Based on GuruFocus' analysis, Land Securities Group stock appears to be overvalued.
The current stock price of €7.73 is trading 8.8% above its estimated GF Value™ of €7.10.
GuruFocus considers Land Securities Group to be Fairly Valued.
Key valuation signals for FRA:LSU2:
PB Ratio: 0.76 (13% above median its 10-year median of 0.67)
GF Value™: €7.10 vs. price of €7.73 (8.8% above fair value)
Industry Position: 11.6% below the REITs median (#320 of 929)
No single metric tells the full story. See the FRA:LSU2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Land Securities Group PLC is a real estate investment trust engaged in buying, selling, developing, and managing commercial property in the United Kingdom. The company's real estate portfolio is made up of office, retail, and leisure spaces in the London and Greater London regions. Office locations in London's West End, offices in the City of London, and shopping centers comprise the majority of the value of Land Securities' total assets. The company derives nearly all of its revenue in the form of rental income from medium- to long-term leases with tenants. Land Securities' overall net rental income is fairly evenly split between revenue from its London office properties and its retail properties in Greater London. It segments as Office-led, Retail-led, Residential-led and Other assets.
62GF Score
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