Hudson Pacific PropertiesHPP -0.14%50 PB Ratio is 0.31 as of Jun. 25, 2026, which is 73% below its 10-year median of 1.13. GuruFocus rates HPP with a GF Score™ of 50/100 and a GF Value™ of $8.97 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 929 REITs companies, Hudson Pacific Properties ranks better than 94.19% on this metric.
The historical rank and industry rank for Hudson Pacific Properties's PB Ratio or its related term are showing as below:
HPP'
s PB Ratio Range Over the Past 10 Years
Min: 0.11 Med: 1.13 Max: 1.75
Current: 0.31
During the past 13 years, Hudson Pacific Properties's highest PB Ratio was 1.75. The lowest was 0.11. And the median was 1.13.
HPP's PB Ratio is ranked better than 94.19% of 929
companies
in the REITs industry
Industry Median: 0.86
vs HPP: 0.31
During the past 12 months, Hudson Pacific Properties's average Book Value Per Share Growth Rate was -60.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -31.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -18.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -6.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Hudson Pacific Properties was 80.10% per year. The lowest was -31.00% per year. And the median was -0.80% per year.
Back to Basics: PB Ratio
Hudson Pacific Properties (NYSE:HPP) 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.
Hudson Pacific Properties PB Ratio Related Terms
Hudson Pacific 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 - Office subindustry, Hudson Pacific 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.
Hudson Pacific Properties PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Hudson Pacific Properties's PB Ratio distribution charts can be found below:
* The bar in red indicates where Hudson Pacific Properties'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.
Hudson Pacific Properties (HPP) has a PB Ratio of 0.31 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 Hudson Pacific Properties and its competitors. This is 73% below median its historical median of 1.13. Over the past decade, Hudson Pacific Properties' PB Ratio has ranged from 0.11 to 1.75. According to the industry distribution chart, Hudson Pacific Properties ranks #54 out of 929 companies in the REITs industry, placing it in the top 5.8%.
Is Hudson Pacific Properties' PB Ratio too high?
Hudson Pacific Properties' current PB Ratio of 0.31 is 73% below median its 10-year median of 1.13. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 1.75. The REITs industry median PB Ratio is 0.86. Hudson Pacific Properties' value of 0.31 is 64% below this industry median. Based on the distribution chart, Hudson Pacific Properties ranks #54 out of 929 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Hudson Pacific Properties has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hudson Pacific Properties' PB Ratio compare to PSTL and BDN?
According to the REITs industry distribution chart, Hudson Pacific Properties ranks #54 out of 929 companies for PB Ratio. This places Hudson Pacific Properties in the top 6% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.86. Hudson Pacific Properties' value of 0.31 is 64% below this benchmark. Historically, Hudson Pacific Properties' own PB Ratio has ranged from 0.11 to 1.75 over the past decade. While the company's 10-year median is 1.13 vs. the industry median of 0.86, Hudson Pacific Properties 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. Hudson Pacific Properties's current PB Ratio of 0.31 is 64% 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 Hudson Pacific 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. Hudson Pacific Properties's current PB Ratio is 0.31, which is 73% below median its own 10-year median of 1.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hudson Pacific Properties stock overvalued right now?
Based on GuruFocus' analysis, Hudson Pacific Properties (HPP) is currently considered Significantly Overvalued. The stock's GF Value™ is $8.97, compared to a current price of $14.38 — trading 60.3% above its estimated fair value. The current PB Ratio is 0.31, which is 73% below median its 10-year median of 1.13 and 64% below the REITs industry median of 0.86. Hudson Pacific Properties' overall GF Score™ is 50/100 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 Hudson Pacific Properties (HPP), the current PB Ratio is 0.31 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 Hudson Pacific Properties (HPP) Overvalued in 2026?
Based on GuruFocus' analysis, Hudson Pacific Properties stock appears to be overvalued.
The current stock price of $14.38 is trading 60.3% above its estimated GF Value™ of $8.97.
GuruFocus considers Hudson Pacific Properties to be Significantly Overvalued.
Key valuation signals for HPP:
PB Ratio: 0.31 (73% below median its 10-year median of 1.13)
GF Value™: $8.97 vs. price of $14.38 (60.3% above fair value)
Industry Position: 64% below the REITs median (#54 of 929)
No single metric tells the full story. See the HPP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hudson Pacific Properties Inc is a vertically integrated real estate investment trust offering end-to-end real estate solutions for dynamic tenants in the synergistic, converging and secular growth industries of tech and media. It acquires, repositions, develops and operates sustainable high-quality office studio properties in high-barrier-to-entry tech and media epicenters. Its primary investment markets include Los Angeles, the San Francisco Bay Area, Seattle, New York and Vancouver, British Columbia. Its segments include Office properties and related operations and Studio properties and related operations. The majority of the revenue is derived from Office properties and related operations segment.
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