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Tern Properties CoHKSE:00277 69 PB Ratio is 0.13 as of Aug. 30, 2026, which is 63% below its 10-year median of 0.35. GuruFocus rates HKSE:00277 with a GF Score™ of 69/100 and a GF Value™ of HK$1.72 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,716 Real Estate companies, Tern Properties Co ranks better than 95.8% on this metric.
Tern Properties Co Ltd stock PB Ratio (=0.13) is close to 10-year low of 0.13.
The historical rank and industry rank for Tern Properties Co's PB Ratio or its related term are showing as below:
HKSE:00277'
s PB Ratio Range Over the Past 10 Years
Min: 0.13 Med: 0.35 Max: 0.51
Current: 0.13
During the past 13 years, Tern Properties Co's highest PB Ratio was 0.51. The lowest was 0.13. And the median was 0.35.
HKSE:00277's PB Ratio is ranked better than 95.8% of 1716
companies
in the Real Estate industry
Industry Median: 0.82
vs HKSE:00277: 0.13
During the past 12 months, Tern Properties Co's average Book Value Per Share Growth Rate was -0.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -1.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -2.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -3.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Tern Properties Co was 33.50% per year. The lowest was -6.80% per year. And the median was 3.50% per year.
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.
Tern Properties Co PB Ratio Related Terms
Tern Properties Co PB Ratio Historical Data
* Premium members only.
The historical data trend for Tern Properties Co'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.
HKSE:00277 vs CBRE, BEKE, JLL: PB Ratio Comparison
For the Real Estate Services subindustry, Tern Properties Co'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.
Tern Properties Co PB Ratio vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Tern Properties Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Tern Properties Co'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.
Tern Properties Co (HKSE:00277) has a PB Ratio of 0.13 as of Aug. 30, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Tern Properties Co and its competitors. This is 63% below median its historical median of 0.35. Over the past decade, Tern Properties Co's PB Ratio has ranged from 0.13 to 0.51. According to the industry distribution chart, Tern Properties Co ranks #72 out of 1716 companies in the Real Estate industry, placing it in the top 4.2%.
Is Tern Properties Co's PB Ratio too high?
Tern Properties Co's current PB Ratio of 0.13 is 63% below median its 10-year median of 0.35. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 0.51. The Real Estate industry median PB Ratio is 0.82. Tern Properties Co's value of 0.13 is 84.1% below this industry median. Based on the distribution chart, Tern Properties Co ranks #72 out of 1716 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Tern Properties Co has a GF Score™ of 69/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tern Properties Co's PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Tern Properties Co ranks #72 out of 1716 companies for PB Ratio. This places Tern Properties Co in the top 4% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.82. Tern Properties Co's value of 0.13 is 84.1% below this benchmark. Historically, Tern Properties Co's own PB Ratio has ranged from 0.13 to 0.51 over the past decade. While the company's 10-year median is 0.35 vs. the industry median of 0.82, Tern Properties Co 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 0.82, based on 1,716 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. Tern Properties Co's current PB Ratio of 0.13 is 84.1% 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 Tern Properties Co 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. Tern Properties Co's current PB Ratio is 0.13, which is 63% below median its own 10-year median of 0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tern Properties Co stock overvalued right now?
Based on GuruFocus' analysis, Tern Properties Co (HKSE:00277) is currently considered Significantly Undervalued. The stock's GF Value™ is HK$1.72, compared to a current price of HK$1.14 — trading 34% below its estimated fair value. The current PB Ratio is 0.13, which is 63% below median its 10-year median of 0.35 and 84.1% below the Real Estate industry median of 0.82. Tern Properties Co's overall GF Score™ is 69/100 with 2 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 Tern Properties Co (HKSE:00277), the current PB Ratio is 0.13 as of Aug. 30, 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 Tern Properties Co (HKSE:00277) Overvalued in 2026?
Based on GuruFocus' analysis, Tern Properties Co stock appears to be undervalued.
The current stock price of HK$1.14 is trading 34% below its estimated GF Value™ of HK$1.72.
GuruFocus considers Tern Properties Co to be Significantly Undervalued.
Key valuation signals for HKSE:00277:
PB Ratio: 0.13 (63% below median its 10-year median of 0.35)
GF Value™: HK$1.72 vs. price of HK$1.14 (34% below fair value)
Industry Position: 84.1% below the Real Estate median (#72 of 1716)
No single metric tells the full story. See the HKSE:00277 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tern Properties Co Ltd is a Hong Kong-based company involved in the Property investment business where the company buys, sells, and leases properties as well as in the Treasury investment business where the company is engaged in investing in debt and equity securities. Geographically, the group principally operates in Hong Kong. The company generates key income from the Property investment business.
69GF Score
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