FermiFRMI +10.14%14 PB Ratio is 5.17 as of Jun. 25, 2026. GuruFocus rates FRMI with a GF Score™ of 14/100. The stock has 1 warning sign investors should review. Among 929 REITs companies, Fermi ranks worse than 97.2% 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 (2026-06-25), Fermi's share price is $8.80. Fermi's Book Value per Share for the quarter that ended in Mar. 2026 was $1.70. Hence, Fermi's PB Ratio of today is 5.17.
The historical rank and industry rank for Fermi's PB Ratio or its related term are showing as below:
FRMI'
s PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 5.22
Current: 5.18
During the past 1 years, Fermi's highest PB Ratio was 5.22. The lowest was 0.00. And the median was 0.00.
FRMI's PB Ratio is ranked worse than 97.2% of 929
companies
in the REITs industry
Industry Median: 0.86
vs FRMI: 5.18
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.
Fermi PB Ratio Related Terms
Fermi PB Ratio Historical Data
* Premium members only.
The historical data trend for Fermi'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.
Fermi PB Ratio Chart
Fermi Annual Data
Trend
Dec25
PB Ratio
4.60
Fermi Quarterly Data
Mar25
Jun25
Sep25
Dec25
Mar26
PB Ratio
0.00
0.00
0.00
4.60
3.43
FRMI vs EPR, OUT, UNIT: PB Ratio Comparison
For the REIT - Specialty subindustry, Fermi'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.
Fermi PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Fermi's PB Ratio distribution charts can be found below:
* The bar in red indicates where Fermi'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.
Fermi'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.
Fermi (FRMI) has a PB Ratio of 5.17 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 Fermi and its competitors. According to the industry distribution chart, Fermi ranks #903 out of 929 companies in the REITs industry, placing it in the top 97.2%.
Is Fermi's PB Ratio too high?
Fermi's current PB Ratio is 5.17. The REITs industry median PB Ratio is 0.86. Fermi's value of 5.17 is 501.2% above this industry median. Based on the distribution chart, Fermi ranks #903 out of 929 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Fermi has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Fermi's PB Ratio compare to EPR and OUT?
According to the REITs industry distribution chart, Fermi ranks #903 out of 929 companies for PB Ratio. This places Fermi in the lower half of its industry. The industry median PB Ratio is 0.86. Fermi's value of 5.17 is 501.2% above this benchmark. 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. Fermi's current PB Ratio of 5.17 is 501.2% 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 Fermi 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. Fermi's current PB Ratio is 5.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fermi stock overvalued right now?
Fermi (FRMI) has a current PB Ratio of 5.17. The current PB Ratio is 5.17 and 501.2% above the REITs industry median of 0.86. Fermi's overall GF Score™ is 14/100 with 1 warning sign 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 Fermi (FRMI), the current PB Ratio is 5.17 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.
Fermi Inc building a private power campus for AI-centric customers, developing and leasing large-scale, grid-independent energy generation and high-performance computing facilities purpose-built for the hyperscale era. The company is also developing a private energy and site infrastructure platform across the campus to support multiple powered shell buildings and a diversified, integrated power supply, including private power generation and delivery infrastructure, substations, internal distribution networks, water and cooling systems, and other essential infrastructure. In addition to powered shell facilities, it may offer long-term ground leases to tenants that elect to construct their own powered shell facilities on land, with or without integrated power delivery.
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