Granite Point Mortgage TrustGPMT +1.49%49 PB Ratio is 0.12 as of Jun. 25, 2026, which is 75% below its 10-year median of 0.48. GuruFocus rates GPMT with a GF Score™ of 49/100 and a GF Value™ of $2.70 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 929 REITs companies, Granite Point Mortgage Trust ranks better than 98.92% on this metric.
Granite Point Mortgage Trust Inc stock PB Ratio (=0.12) is close to 10-year low of 0.12.
The historical rank and industry rank for Granite Point Mortgage Trust's PB Ratio or its related term are showing as below:
GPMT'
s PB Ratio Range Over the Past 10 Years
Min: 0.12 Med: 0.48 Max: 1.86
Current: 0.12
During the past 11 years, Granite Point Mortgage Trust's highest PB Ratio was 1.86. The lowest was 0.12. And the median was 0.48.
GPMT's PB Ratio is ranked better than 98.92% of 929
companies
in the REITs industry
Industry Median: 0.86
vs GPMT: 0.12
During the past 12 months, Granite Point Mortgage Trust's average Book Value Per Share Growth Rate was -9.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -14.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -8.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 0.70% per year.
During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of Granite Point Mortgage Trust was 23.30% per year. The lowest was -14.80% per year. And the median was -0.05% per year.
Back to Basics: PB Ratio
Granite Point Mortgage Trust (NYSE:GPMT) 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.
Granite Point Mortgage Trust PB Ratio Related Terms
Granite Point Mortgage Trust 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 - Mortgage subindustry, Granite Point Mortgage 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.
Granite Point Mortgage Trust PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Granite Point Mortgage Trust's PB Ratio distribution charts can be found below:
* The bar in red indicates where Granite Point Mortgage 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.
Granite Point Mortgage Trust (GPMT) has a PB Ratio of 0.12 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 Granite Point Mortgage Trust and its competitors. This is 75% below median its historical median of 0.48. Over the past decade, Granite Point Mortgage Trust's PB Ratio has ranged from 0.12 to 1.86. According to the industry distribution chart, Granite Point Mortgage Trust ranks #10 out of 929 companies in the REITs industry, placing it in the top 1.1%.
Is Granite Point Mortgage Trust's PB Ratio too high?
Granite Point Mortgage Trust's current PB Ratio of 0.12 is 75% below median its 10-year median of 0.48. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 1.86. The REITs industry median PB Ratio is 0.86. Granite Point Mortgage Trust's value of 0.12 is 86% below this industry median. Based on the distribution chart, Granite Point Mortgage Trust ranks #10 out of 929 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Granite Point Mortgage Trust has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Granite Point Mortgage Trust's PB Ratio compare to SACH and ICRP?
According to the REITs industry distribution chart, Granite Point Mortgage Trust ranks #10 out of 929 companies for PB Ratio. This places Granite Point Mortgage Trust in the top 1% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.86. Granite Point Mortgage Trust's value of 0.12 is 86% below this benchmark. Historically, Granite Point Mortgage Trust's own PB Ratio has ranged from 0.12 to 1.86 over the past decade. While the company's 10-year median is 0.48 vs. the industry median of 0.86, Granite Point Mortgage 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 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. Granite Point Mortgage Trust's current PB Ratio of 0.12 is 86% 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 Granite Point Mortgage Trust 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. Granite Point Mortgage Trust's current PB Ratio is 0.12, which is 75% below median its own 10-year median of 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Granite Point Mortgage Trust stock overvalued right now?
Based on GuruFocus' analysis, Granite Point Mortgage Trust (GPMT) is currently considered Possible Value Trap. The stock's GF Value™ is $2.70, compared to a current price of $1.36 — trading 49.6% below its estimated fair value. The current PB Ratio is 0.12, which is 75% below median its 10-year median of 0.48 and 86% below the REITs industry median of 0.86. Granite Point Mortgage Trust's overall GF Score™ is 49/100 with 3 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 Granite Point Mortgage Trust (GPMT), the current PB Ratio is 0.12 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 Granite Point Mortgage Trust (GPMT) Overvalued in 2026?
Based on GuruFocus' analysis, Granite Point Mortgage Trust stock appears to be undervalued.
The current stock price of $1.36 is trading 49.6% below its estimated GF Value™ of $2.70.
GuruFocus considers Granite Point Mortgage Trust to be Possible Value Trap.
Key valuation signals for GPMT:
PB Ratio: 0.12 (75% below median its 10-year median of 0.48)
GF Value™: $2.70 vs. price of $1.36 (49.6% below fair value)
Industry Position: 86% below the REITs median (#10 of 929)
No single metric tells the full story. See the GPMT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Granite Point Mortgage Trust Inc focuses on directly originating, investing in, and managing senior floating rate commercial mortgage loans and other debt and debt-like commercial real estate investments. The company constructs its investment portfolio on a loan-by-loan basis, emphasizing rigorous credit underwriting, selectivity, and diversification, and assesses each investment from a fundamental value perspective relative to other opportunities available in the market. It typically provides intermediate-term bridge or transitional financing for a variety of purposes, including acquisitions, recapitalizations, refinancing, and a range of business plans, including lease-up, renovation, repositioning and repurposing of the commercial property.
49GF Score
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