Vantage Towers AG (HAM:VTWR) PB Ratio: 3.52 (As of Jun. 27, 2026)


HAM:VTWR Vantage Towers AG HAM:VTWR
44 GF Score
Price €38.60
View Full Analysis

What is Vantage Towers AG PB Ratio?

Vantage Towers AG HAM:VTWR 44 PB Ratio is 3.52 as of Jun. 27, 2026. GuruFocus rates HAM:VTWR with a GF Score™ of 44/100.

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 (2026-06-27), Vantage Towers AG's share price is €38.60. Vantage Towers AG's Book Value per Share for the quarter that ended in Mar. 2023 was €10.96. Hence, Vantage Towers AG's PB Ratio of today is 3.52.

The historical rank and industry rank for Vantage Towers AG's PB Ratio or its related term are showing as below:

HAM:VTWR's PB Ratio is not ranked *
in the Real Estate industry.
Industry Median: 0.82
* Ranked among companies with meaningful PB Ratio only.

Back to Basics: PB Ratio

Vantage Towers AG  (HAM:VTWR) 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.

Vantage Towers AG PB Ratio Related Terms

Vantage Towers AG PB Ratio Historical Data

* Premium members only.

The historical data trend for Vantage Towers AG'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.

Vantage Towers AG PB Ratio Chart

Vantage Towers AG Annual Data
Trend Mar21 Mar22 Mar23
PB Ratio
2.30 3.04 3.07

Vantage Towers AG Semi-Annual Data
Sep20 Mar21 Sep21 Mar22 Sep22 Mar23
PB Ratio Get a 7-Day Free Trial 2.30 2.84 3.04 2.50 3.07

HAM:VTWR vs BEKE, CBRE, CSGP: PB Ratio Comparison

For the Real Estate Services subindustry, Vantage Towers 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.

Vantage Towers AG PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Vantage Towers AG's PB Ratio distribution charts can be found below:

* The bar in red indicates where Vantage Towers AG's PB Ratio falls into.


HAM:VTWR
44GF Score
Vantage Towers AG HAM:VTWR
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vantage Towers AG 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.

Vantage Towers AG's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2023)
=38.60/10.96
=3.52

* 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:

PB Ratio=Market Cap /(Total Stockholders Equity-Preferred Stock)

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 3.52 mean?
Vantage Towers AG (HAM:VTWR) has a PB Ratio of 3.52 as of Jun. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Vantage Towers AG and its competitors.
Is Vantage Towers AG's PB Ratio too high?
Vantage Towers AG's current PB Ratio is 3.52. The Real Estate industry median PB Ratio is 0.82. Vantage Towers AG's value of 3.52 is 329.3% above this industry median. Overall, Vantage Towers AG has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does Vantage Towers AG's PB Ratio compare to BEKE and CBRE?
Vantage Towers AG's PB Ratio of 3.52 can be compared against companies in the Real Estate industry. The industry median PB Ratio is 0.82. Vantage Towers AG's value of 3.52 is 329.3% 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 Real Estate company?
The median PB Ratio among Real Estate companies is 0.82, based on 1,712 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. Vantage Towers AG's current PB Ratio of 3.52 is 329.3% 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 Vantage Towers AG and its competitors. For the Real Estate industry, the median PB Ratio is 0.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vantage Towers AG's current PB Ratio is 3.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vantage Towers AG stock overvalued right now?
Vantage Towers AG (HAM:VTWR) has a current PB Ratio of 3.52. The current PB Ratio is 3.52 and 329.3% above the Real Estate industry median of 0.82. Vantage Towers AG's overall GF Score™ is 44/100. 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 Vantage Towers AG (HAM:VTWR), the current PB Ratio is 3.52 as of Jun. 27, 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.

Vantage Towers AG Business Description

Address Prinzenallee 11-13, Dusseldorf, NW, DEU, 40549
Vantage is the tower arm of Vodafone, spun off in 2021. Vantage fully owns 45,000 towers in Germany, Spain, Greece, and other European countries. Vantage also owns stakes in Inwit (22,000 towers, Vantage owns 33% stake), the Italian tower operator resulting from the merger of Vodafone and Telecom Italia's towers in the region, and Cornerstone (14,000 towers, 50% stake) a tower joint venture in the U.K. with Telefonica.
44GF Score

Get the complete analysis for HAM:VTWR

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

€38.60
Price