Simon Property GroupLIM:SPG 80 PB Ratio is 12.40 as of Jun. 24, 2026, which is 11% below its 10-year median of 13.98. GuruFocus rates LIM:SPG with a GF Score™ of 80/100 and a GF Value™ of $153.38. The stock has 8 warning signs investors should review. Among 929 REITs companies, Simon Property Group ranks worse than 99.25% on this metric.
The historical rank and industry rank for Simon Property Group's PB Ratio or its related term are showing as below:
LIM:SPG'
s PB Ratio Range Over the Past 10 Years
Min: 5.95 Med: 13.98 Max: 26.54
Current: 14.59
During the past 13 years, Simon Property Group's highest PB Ratio was 26.54. The lowest was 5.95. And the median was 13.98.
LIM:SPG's PB Ratio is ranked worse than 99.25% of 929
companies
in the REITs industry
Industry Median: 0.87
vs LIM:SPG: 14.59
During the past 12 months, Simon Property Group's average Book Value Per Share Growth Rate was 89.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 18.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 7.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -1.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Simon Property Group was 165.50% per year. The lowest was -24.70% per year. And the median was -0.20% per year.
Back to Basics: PB Ratio
Simon Property Group (LIM:SPG) 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.
Simon Property Group PB Ratio Related Terms
Simon Property Group PB Ratio Historical Data
* Premium members only.
The historical data trend for Simon Property Group'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 - Retail subindustry, Simon Property Group'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.
Simon Property Group PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Simon Property Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Simon Property Group'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.
Simon Property Group (LIM:SPG) has a PB Ratio of 12.40 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Simon Property Group and its competitors. This is 11% below median its historical median of 13.98. Over the past decade, Simon Property Group's PB Ratio has ranged from 5.95 to 26.54. According to the industry distribution chart, Simon Property Group ranks #922 out of 929 companies in the REITs industry, placing it in the top 99.2%.
Is Simon Property Group's PB Ratio too high?
Simon Property Group's current PB Ratio of 12.40 is 11% below median its 10-year median of 13.98. Over the past 10 years, this metric has ranged from a low of 5.95 to a high of 26.54. The REITs industry median PB Ratio is 0.87. Simon Property Group's value of 12.40 is 1325.3% above this industry median. Based on the distribution chart, Simon Property Group ranks #922 out of 929 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Simon Property Group has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Simon Property Group's PB Ratio compare to O and KIM?
According to the REITs industry distribution chart, Simon Property Group ranks #922 out of 929 companies for PB Ratio. This places Simon Property Group in the lower half of its industry. The industry median PB Ratio is 0.87. Simon Property Group's value of 12.40 is 1325.3% above this benchmark. Historically, Simon Property Group's own PB Ratio has ranged from 5.95 to 26.54 over the past decade. While the company's 10-year median is 13.98 vs. the industry median of 0.87, Simon Property Group has consistently been above 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 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. Simon Property Group's current PB Ratio of 12.40 is 1325.3% 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 Simon Property Group 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. Simon Property Group's current PB Ratio is 12.40, which is 11% below median its own 10-year median of 13.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Simon Property Group stock overvalued right now?
Simon Property Group (LIM:SPG) has a current PB Ratio of 12.40. The stock's GF Value™ is $153.38, compared to a current price of $184.20 — trading 20.1% above its estimated fair value. The current PB Ratio is 12.40, which is 11% below median its 10-year median of 13.98 and 1325.3% above the REITs industry median of 0.87. Simon Property Group's overall GF Score™ is 80/100 with 8 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 Simon Property Group (LIM:SPG), the current PB Ratio is 12.40 as of Jun. 24, 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 Simon Property Group (LIM:SPG) Overvalued in 2026?
Based on GuruFocus' analysis, Simon Property Group stock appears to be overvalued.
The current stock price of $184.20 is trading 20.1% above its estimated GF Value™ of $153.38.
Key valuation signals for LIM:SPG:
PB Ratio: 12.40 (11% below median its 10-year median of 13.98)
GF Value™: $153.38 vs. price of $184.20 (20.1% above fair value)
Industry Position: 1325.3% above the REITs median (#922 of 929)
No single metric tells the full story. See the LIM:SPG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Simon Property Group is the largest retail real estate investment trust in the United States. Its portfolio includes an interest in 254 properties: 114 traditional malls, 108 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), six lifestyle centers, and 12 other retail properties. Simon's portfolio averaged $736 in sales per square foot over the trailing 12 months. The company also owns a 22% interest in Klépierre, a European retail company with investments in shopping centers in 14 countries, and joint-venture interests in 33 premium outlets across 14 countries.
80GF Score
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