Argosy PropertyIGPYF 68 PB Ratio is 0.80 as of Jun. 28, 2026, which is 15% below its 10-year median of 0.94. GuruFocus rates IGPYF with a GF Score™ of 68/100 and a GF Value™ of $0.77. The stock has 9 warning signs investors should review. Among 934 REITs companies, Argosy Property ranks better than 72.81% on this metric.
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 (2026-06-28), Argosy Property's share price is $0.75. Argosy Property's Book Value per Share for the quarter that ended in Mar. 2026 was $0.94. Hence, Argosy Property's PB Ratio of today is 0.80.
Good Sign:
Argosy Property Ltd stock PB Ratio (=0.66) is close to 10-year low of 0.61.
The historical rank and industry rank for Argosy Property's PB Ratio or its related term are showing as below:
IGPYF'
s PB Ratio Range Over the Past 10 Years
Min: 0.61 Med: 0.94 Max: 1.24
Current: 0.66
During the past 13 years, Argosy Property's highest PB Ratio was 1.24. The lowest was 0.61. And the median was 0.94.
IGPYF's PB Ratio is ranked better than 72.81% of 934
companies
in the REITs industry
Industry Median: 0.87
vs IGPYF: 0.66
During the past 12 months, Argosy Property's average Book Value Per Share Growth Rate was 4.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 0.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -0.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 5.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Argosy Property was 12.60% per year. The lowest was -11.90% per year. And the median was 3.50% per year.
Back to Basics: PB Ratio
Argosy Property (OTCPK:IGPYF) 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.
Argosy Property PB Ratio Related Terms
Argosy Property PB Ratio Historical Data
* Premium members only.
The historical data trend for Argosy Property'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.
For the REIT - Diversified subindustry, Argosy Property'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.
Argosy Property PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Argosy Property's PB Ratio distribution charts can be found below:
* The bar in red indicates where Argosy Property'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.
Argosy Property's PB Ratio for today is calculated as follows:
* 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.
Argosy Property (IGPYF) has a PB Ratio of 0.80 as of Jun. 28, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Argosy Property and its competitors. This is 15% below median its historical median of 0.94. Over the past decade, Argosy Property's PB Ratio has ranged from 0.61 to 1.24. According to the industry distribution chart, Argosy Property ranks #254 out of 934 companies in the REITs industry, placing it in the top 27.2%.
Is Argosy Property's PB Ratio too high?
Argosy Property's current PB Ratio of 0.80 is 15% below median its 10-year median of 0.94. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 1.24. The REITs industry median PB Ratio is 0.87. Argosy Property's value of 0.80 is 8% below this industry median. Based on the distribution chart, Argosy Property ranks #254 out of 934 companies in the REITs industry, which is above the industry midpoint. Overall, Argosy Property has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Argosy Property's PB Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Argosy Property ranks #254 out of 934 companies for PB Ratio. This puts Argosy Property in the upper half of its industry. The industry median PB Ratio is 0.87. Argosy Property's value of 0.80 is 8% below this benchmark. Historically, Argosy Property's own PB Ratio has ranged from 0.61 to 1.24 over the past decade. While the company's 10-year median is 0.94 vs. the industry median of 0.87, Argosy Property 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 0.87, based on 934 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. Argosy Property's current PB Ratio of 0.80 is 8% 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 Argosy Property and its competitors. For the REITs industry, the median PB Ratio is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Argosy Property's current PB Ratio is 0.80, which is 15% below median its own 10-year median of 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Argosy Property stock overvalued right now?
Argosy Property (IGPYF) has a current PB Ratio of 0.80. The stock's GF Value™ is $0.77, compared to a current price of $0.75 — trading 2.6% below its estimated fair value. The current PB Ratio is 0.80, which is 15% below median its 10-year median of 0.94 and 8% below the REITs industry median of 0.87. Argosy Property's overall GF Score™ is 68/100 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 Argosy Property (IGPYF), the current PB Ratio is 0.80 as of Jun. 28, 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 Argosy Property (IGPYF) Overvalued in 2026?
Based on GuruFocus' analysis, Argosy Property stock appears to be undervalued.
The current stock price of $0.75 is trading 2.6% below its estimated GF Value™ of $0.77.
Key valuation signals for IGPYF:
PB Ratio: 0.80 (15% below median its 10-year median of 0.94)
GF Value™: $0.77 vs. price of $0.75 (2.6% below fair value)
Industry Position: 8% below the REITs median (#254 of 934)
No single metric tells the full story. See the IGPYF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Argosy Property Ltd's business activity is to invest in and actively manage properties, including Industrial, Office, and Large Format Retail properties, predominantly in Auckland and New Zealand. The company's portfolio is centered on the Auckland and Wellington markets and is diversified by industrial, office, and large-format retail property segments. The company's industrial portfolio includes logistics warehouses, distribution centers, and other corporate or owner-operated businesses. Its office portfolio consists of house government departments and both local and international businesses. Its retail portfolio contains retail stores in large format, convenience centers, and entertainment venues.
68GF Score
Get the complete analysis for IGPYF
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
IGPYF has been successfully added to your 
