Gaming and Leisure Properties Inc stock PB Ratio (=2.77) is close to 5-year low of 2.59.
The historical rank and industry rank for Gaming and Leisure Properties's PB Ratio or its related term are showing as below:
GLPI'
s PB Ratio Range Over the Past 10 Years
Min: 1.98 Med: 3.24 Max: 5.21
Current: 2.77
During the past 13 years, Gaming and Leisure Properties's highest PB Ratio was 5.21. The lowest was 1.98. And the median was 3.24.
GLPI's PB Ratio is ranked worse than 94.51% of 929
companies
in the REITs industry
Industry Median: 0.86
vs GLPI: 2.77
During the past 12 months, Gaming and Leisure Properties's average Book Value Per Share Growth Rate was 6.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 4.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 7.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Gaming and Leisure Properties was 96.30% per year. The lowest was -6.20% per year. And the median was 6.65% per year.
Back to Basics: PB Ratio
Gaming and Leisure Properties (NAS:GLPI) 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.
Gaming and Leisure Properties PB Ratio Related Terms
Gaming and Leisure Properties PB Ratio Historical Data
* 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 - Specialty subindustry, Gaming and Leisure Properties'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.
Gaming and Leisure Properties PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Gaming and Leisure Properties's PB Ratio distribution charts can be found below:
* The bar in red indicates where Gaming and Leisure Properties's PB Ratio falls into.
Gaming and Leisure Properties 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.
* 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.
Gaming and Leisure Properties (GLPI) has a PB Ratio of 2.77 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 Gaming and Leisure Properties and its competitors. This is 15% below median its historical median of 3.24. Over the past decade, Gaming and Leisure Properties' PB Ratio has ranged from 1.98 to 5.21. According to the industry distribution chart, Gaming and Leisure Properties ranks #878 out of 929 companies in the REITs industry, placing it in the top 94.5%.
Is Gaming and Leisure Properties' PB Ratio too high?
Gaming and Leisure Properties' current PB Ratio of 2.77 is 15% below median its 10-year median of 3.24. Over the past 10 years, this metric has ranged from a low of 1.98 to a high of 5.21. The REITs industry median PB Ratio is 0.86. Gaming and Leisure Properties' value of 2.77 is 222.1% above this industry median. Based on the distribution chart, Gaming and Leisure Properties ranks #878 out of 929 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Gaming and Leisure Properties has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Gaming and Leisure Properties' PB Ratio compare to LAMR and WY?
According to the REITs industry distribution chart, Gaming and Leisure Properties ranks #878 out of 929 companies for PB Ratio. This places Gaming and Leisure Properties in the lower half of its industry. The industry median PB Ratio is 0.86. Gaming and Leisure Properties' value of 2.77 is 222.1% above this benchmark. Historically, Gaming and Leisure Properties' own PB Ratio has ranged from 1.98 to 5.21 over the past decade. While the company's 10-year median is 3.24 vs. the industry median of 0.86, Gaming and Leisure Properties 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 0.86, 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. Gaming and Leisure Properties's current PB Ratio of 2.77 is 222.1% 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 Gaming and Leisure Properties 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. Gaming and Leisure Properties's current PB Ratio is 2.77, which is 15% below median its own 10-year median of 3.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gaming and Leisure Properties stock overvalued right now?
Based on GuruFocus' analysis, Gaming and Leisure Properties (GLPI) is currently considered Fairly Valued. The stock's GF Value™ is $49.74, compared to a current price of $45.38 — trading 8.8% below its estimated fair value. The current PB Ratio is 2.77, which is 15% below median its 10-year median of 3.24 and 222.1% above the REITs industry median of 0.86. Gaming and Leisure Properties' overall GF Score™ is 86/100 with 5 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 Gaming and Leisure Properties (GLPI), the current PB Ratio is 2.77 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 Gaming and Leisure Properties (GLPI) Overvalued in 2026?
Based on GuruFocus' analysis, Gaming and Leisure Properties stock appears to be undervalued.
The current stock price of $45.38 is trading 8.8% below its estimated GF Value™ of $49.74.
GuruFocus considers Gaming and Leisure Properties to be Fairly Valued.
Key valuation signals for GLPI:
PB Ratio: 2.77 (15% below median its 10-year median of 3.24)
GF Value™: $49.74 vs. price of $45.38 (8.8% below fair value)
Industry Position: 222.1% above the REITs median (#878 of 929)
No single metric tells the full story. See the GLPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gaming and Leisure Properties Business Description
Gaming and Leisure Properties Inc, or GLP, is a self-administered and self-managed Pennsylvania real estate investment trust (REIT). It is engaged in acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company also extends loans that produce fixed or variable returns, which may convert into leased rent upon project completion or stabilization. Its portfolio consists of gaming and related facilities and amenities such as Ameristar Black Hawk, Bally's Casino, Argosy Casino Alton, Bally's Chicago, Hollywood Casino Aurora, and others located across different states in the United States.
86GF Score
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