FREVS (First Real Estate Investment Trust of New Jersey) PB Ratio: 4.64 (As of Jun. 28, 2026) — Near Median


FREVS First Real Estate Investment Trust of New Jersey Inc FREVS
67 GF Score
Price $21.25
GF Value $17.19
Valuation Modestly Overvalued
! 9 Warning Signs
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What is First Real Estate Investment Trust of New Jersey PB Ratio?

First Real Estate Investment Trust of New Jersey FREVS +0.28% 67 PB Ratio is 4.64 as of Jun. 28, 2026, which is 2% below its 10-year median of 4.73. GuruFocus rates FREVS with a GF Score™ of 67/100 and a GF Value™ of $17.19 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 934 REITs companies, First Real Estate Investment Trust of New Jersey ranks worse than 97.11% 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 (2026-06-28), First Real Estate Investment Trust of New Jersey's share price is $21.25. First Real Estate Investment Trust of New Jersey's Book Value per Share for the quarter that ended in Apr. 2026 was $4.58. Hence, First Real Estate Investment Trust of New Jersey's PB Ratio of today is 4.64.

Warning Sign:

First Real Estate Investment Trust of New Jersey Inc stock PB Ratio (=4.64) is close to 1-year high of 4.86.

The historical rank and industry rank for First Real Estate Investment Trust of New Jersey's PB Ratio or its related term are showing as below:

FREVS' s PB Ratio Range Over the Past 10 Years
Min: 1.31   Med: 4.73   Max: 52.38
Current: 4.64

During the past 13 years, First Real Estate Investment Trust of New Jersey's highest PB Ratio was 52.38. The lowest was 1.31. And the median was 4.73.

FREVS's PB Ratio is ranked worse than
97.11% of 934 companies
in the REITs industry
Industry Median: 0.87 vs FREVS: 4.64

During the past 12 months, First Real Estate Investment Trust of New Jersey's average Book Value Per Share Growth Rate was 1.90% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 7.40% 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 18.00% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of First Real Estate Investment Trust of New Jersey was 76.60% per year. The lowest was -41.90% per year. And the median was 1.90% per year.

Back to Basics: PB Ratio


First Real Estate Investment Trust of New Jersey  (OTCPK:FREVS) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.


First Real Estate Investment Trust of New Jersey PB Ratio Related Terms


First Real Estate Investment Trust of New Jersey PB Ratio Historical Data

* Premium members only.

The historical data trend for First Real Estate Investment Trust of New Jersey'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.

First Real Estate Investment Trust of New Jersey PB Ratio Chart

First Real Estate Investment Trust of New Jersey Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.66 4.60 4.80 3.91 2.95

First Real Estate Investment Trust of New Jersey Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.78 3.27 2.95 3.02 3.17

FREVS vs ELME, MRTI, BRT: PB Ratio Comparison

For the REIT - Residential subindustry, First Real Estate Investment Trust of New Jersey'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 Real Estate Investment Trust of New Jersey PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, First Real Estate Investment Trust of New Jersey's PB Ratio distribution charts can be found below:

* The bar in red indicates where First Real Estate Investment Trust of New Jersey's PB Ratio falls into.


FREVS
67GF Score
First Real Estate Investment Trust of New Jersey Inc FREVS
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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First Real Estate Investment Trust of New Jersey 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.

First Real Estate Investment Trust of New Jersey's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Apr. 2026)
=21.25/4.576
=4.64

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 4.64 mean?
First Real Estate Investment Trust of New Jersey (FREVS) has a PB Ratio of 4.64 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 First Real Estate Investment Trust of New Jersey and its competitors. This is near median its historical median of 4.73. Over the past decade, First Real Estate Investment Trust of New Jersey's PB Ratio has ranged from 1.31 to 52.38. According to the industry distribution chart, First Real Estate Investment Trust of New Jersey ranks #907 out of 934 companies in the REITs industry, placing it in the top 97.1%.
Is First Real Estate Investment Trust of New Jersey's PB Ratio too high?
First Real Estate Investment Trust of New Jersey's current PB Ratio of 4.64 is near median its 10-year median of 4.73. Over the past 10 years, this metric has ranged from a low of 1.31 to a high of 52.38. The REITs industry median PB Ratio is 0.87. First Real Estate Investment Trust of New Jersey's value of 4.64 is 433.3% above this industry median. Based on the distribution chart, First Real Estate Investment Trust of New Jersey ranks #907 out of 934 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, First Real Estate Investment Trust of New Jersey has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Real Estate Investment Trust of New Jersey's PB Ratio compare to ELME and MRTI?
According to the REITs industry distribution chart, First Real Estate Investment Trust of New Jersey ranks #907 out of 934 companies for PB Ratio. This places First Real Estate Investment Trust of New Jersey in the lower half of its industry. The industry median PB Ratio is 0.87. First Real Estate Investment Trust of New Jersey's value of 4.64 is 433.3% above this benchmark. Historically, First Real Estate Investment Trust of New Jersey's own PB Ratio has ranged from 1.31 to 52.38 over the past decade. While the company's 10-year median is 4.73 vs. the industry median of 0.87, First Real Estate Investment Trust of New Jersey 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 934 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 Real Estate Investment Trust of New Jersey's current PB Ratio of 4.64 is 433.3% 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 First Real Estate Investment Trust of New Jersey 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. First Real Estate Investment Trust of New Jersey's current PB Ratio is 4.64, which is near median its own 10-year median of 4.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Real Estate Investment Trust of New Jersey stock overvalued right now?
Based on GuruFocus' analysis, First Real Estate Investment Trust of New Jersey (FREVS) is currently considered Modestly Overvalued. The stock's GF Value™ is $17.19, compared to a current price of $21.25 — trading 23.6% above its estimated fair value. The current PB Ratio is 4.64, which is near median its 10-year median of 4.73 and 433.3% above the REITs industry median of 0.87. First Real Estate Investment Trust of New Jersey's overall GF Score™ is 67/100 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 First Real Estate Investment Trust of New Jersey (FREVS), the current PB Ratio is 4.64 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 First Real Estate Investment Trust of New Jersey (FREVS) Overvalued in 2026?

Based on GuruFocus' analysis, First Real Estate Investment Trust of New Jersey stock appears to be overvalued. The current stock price of $21.25 is trading 23.6% above its estimated GF Value™ of $17.19. GuruFocus considers First Real Estate Investment Trust of New Jersey to be Modestly Overvalued.

Key valuation signals for FREVS:

  • PB Ratio: 4.64 (near median its 10-year median of 4.73)
  • GF Value™: $17.19 vs. price of $21.25 (23.6% above fair value)
  • GF Score™: 67/100 with 9 warning signs
  • Industry Position: 433.3% above the REITs median (#907 of 934)

No single metric tells the full story. See the FREVS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Real Estate Investment Trust of New Jersey Business Description

Industry Real EstateREITs
Address 505 Main Street, Suite 400, Hackensack, NJ, USA, 07601
First Real Estate Investment Trust of New Jersey Inc operates in the real estate sector of the United States. It implies the investment in real estate properties and passing on a regular income and benefit of capital appreciation to its shareholders. The company operates in two reportable segments; commercial properties and residential properties. Its revenues consist of fixed rental income from its residential and commercial properties and additional rent in the form of expense reimbursements acquired from its income-producing commercial properties. The majority of revenue is derived from the Residential properties segment.
67GF Score

Get the complete analysis for FREVS

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$21.25
Price
$17.19
GF Value