Deutsche Real Estate AGHAM:DRE2 54 PB Ratio is 0.55 as of Jul. 05, 2026, which is 15% above its 10-year median of 0.48. GuruFocus rates HAM:DRE2 with a GF Score™ of 54/100 and a GF Value™ of €7.27 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,713 Real Estate companies, Deutsche Real Estate AG ranks better than 64.62% on this metric.
Deutsche Real Estate AG stock PB Ratio (=0.6) is close to 5-year high of 0.66.
The historical rank and industry rank for Deutsche Real Estate AG's PB Ratio or its related term are showing as below:
HAM:DRE2'
s PB Ratio Range Over the Past 10 Years
Min: 0.24 Med: 0.48 Max: 0.76
Current: 0.6
During the past 13 years, Deutsche Real Estate AG's highest PB Ratio was 0.76. The lowest was 0.24. And the median was 0.48.
HAM:DRE2's PB Ratio is ranked better than 64.62% of 1713
companies
in the Real Estate industry
Industry Median: 0.83
vs HAM:DRE2: 0.60
During the past 12 months, Deutsche Real Estate AG's average Book Value Per Share Growth Rate was 6.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -1.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -1.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 18.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Deutsche Real Estate AG was 69.10% per year. The lowest was -35.50% per year. And the median was 23.50% per year.
Back to Basics: PB Ratio
Deutsche Real Estate AG (HAM:DRE2) 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 Real Estate Services subindustry, Deutsche Real Estate AG'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.
Deutsche Real Estate AG PB Ratio vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Deutsche Real Estate AG's PB Ratio distribution charts can be found below:
* The bar in red indicates where Deutsche Real Estate AG'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.
Deutsche Real Estate AG (HAM:DRE2) has a PB Ratio of 0.55 as of Jul. 05, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Deutsche Real Estate AG and its competitors. This is 15% above median its historical median of 0.48. Over the past decade, Deutsche Real Estate AG's PB Ratio has ranged from 0.24 to 0.76. According to the industry distribution chart, Deutsche Real Estate AG ranks #606 out of 1713 companies in the Real Estate industry, placing it in the top 35.4%.
Is Deutsche Real Estate AG's PB Ratio too high?
Deutsche Real Estate AG's current PB Ratio of 0.55 is 15% above median its 10-year median of 0.48. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 0.76. The Real Estate industry median PB Ratio is 0.83. Deutsche Real Estate AG's value of 0.55 is 33.7% below this industry median. Based on the distribution chart, Deutsche Real Estate AG ranks #606 out of 1713 companies in the Real Estate industry, which is above the industry midpoint. Overall, Deutsche Real Estate AG has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Deutsche Real Estate AG's PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Deutsche Real Estate AG ranks #606 out of 1713 companies for PB Ratio. This puts Deutsche Real Estate AG in the upper half of its industry. The industry median PB Ratio is 0.83. Deutsche Real Estate AG's value of 0.55 is 33.7% below this benchmark. Historically, Deutsche Real Estate AG's own PB Ratio has ranged from 0.24 to 0.76 over the past decade. While the company's 10-year median is 0.48 vs. the industry median of 0.83, Deutsche Real Estate AG 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 Real Estate company?
The median PB Ratio among Real Estate companies is 0.83, based on 1,713 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. Deutsche Real Estate AG's current PB Ratio of 0.55 is 33.7% 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 Deutsche Real Estate AG and its competitors. For the Real Estate industry, the median PB Ratio is 0.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Deutsche Real Estate AG's current PB Ratio is 0.55, which is 15% above 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 Deutsche Real Estate AG stock overvalued right now?
Based on GuruFocus' analysis, Deutsche Real Estate AG (HAM:DRE2) is currently considered Significantly Overvalued. The stock's GF Value™ is €7.27, compared to a current price of €11.40 — trading 56.8% above its estimated fair value. The current PB Ratio is 0.55, which is 15% above median its 10-year median of 0.48 and 33.7% below the Real Estate industry median of 0.83. Deutsche Real Estate AG's overall GF Score™ is 54/100 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 Deutsche Real Estate AG (HAM:DRE2), the current PB Ratio is 0.55 as of Jul. 05, 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 Deutsche Real Estate AG (HAM:DRE2) Overvalued in 2026?
Based on GuruFocus' analysis, Deutsche Real Estate AG stock appears to be overvalued.
The current stock price of €11.40 is trading 56.8% above its estimated GF Value™ of €7.27.
GuruFocus considers Deutsche Real Estate AG to be Significantly Overvalued.
Key valuation signals for HAM:DRE2:
PB Ratio: 0.55 (15% above median its 10-year median of 0.48)
GF Value™: €7.27 vs. price of €11.40 (56.8% above fair value)
Industry Position: 33.7% below the Real Estate median (#606 of 1713)
No single metric tells the full story. See the HAM:DRE2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Deutsche Real Estate AG is engaged in investing in building a portfolio with focus on office, logistics and retail properties in the growth regions of Germany.
54GF Score
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