LKREF'
s PB Ratio Range Over the Past 10 Years
Min: 0.43 Med: 0.86 Max: 1.18
Current: 0.62
During the past 13 years, Link Real Estate Investment Trust's highest PB Ratio was 1.18. The lowest was 0.43. And the median was 0.86.
LKREF's PB Ratio is ranked better than 75.67% of 929
companies
in the REITs industry
Industry Median: 0.86
vs LKREF: 0.62
During the past 12 months, Link Real Estate Investment Trust's average Book Value Per Share Growth Rate was -8.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -7.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -5.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -0.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Link Real Estate Investment Trust was 28.20% per year. The lowest was -7.90% per year. And the median was 14.30% per year.
Back to Basics: PB Ratio
Link Real Estate Investment Trust (OTCPK:LKREF) 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.
Link Real Estate Investment Trust PB Ratio Related Terms
Link Real Estate Investment Trust 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 - Retail subindustry, Link Real Estate Investment Trust'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.
Link Real Estate Investment Trust PB Ratio vs REITs Industry
Link Real Estate Investment Trust 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.
* 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.
Link Real Estate Investment Trust (LKREF) has a PB Ratio of 0.62 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Link Real Estate Investment Trust and its competitors. This is 28% below median its historical median of 0.86. Over the past decade, Link Real Estate Investment Trust's PB Ratio has ranged from 0.43 to 1.18. According to the industry distribution chart, Link Real Estate Investment Trust ranks #226 out of 929 companies in the REITs industry, placing it in the top 24.3%.
Is Link Real Estate Investment Trust's PB Ratio too high?
Link Real Estate Investment Trust's current PB Ratio of 0.62 is 28% below median its 10-year median of 0.86. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 1.18. The REITs industry median PB Ratio is 0.86. Link Real Estate Investment Trust's value of 0.62 is 27.9% below this industry median. Based on the distribution chart, Link Real Estate Investment Trust ranks #226 out of 929 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Link Real Estate Investment Trust has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Link Real Estate Investment Trust's PB Ratio compare to SPG and O?
According to the REITs industry distribution chart, Link Real Estate Investment Trust ranks #226 out of 929 companies for PB Ratio. This places Link Real Estate Investment Trust in the top 24% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.86. Link Real Estate Investment Trust's value of 0.62 is 27.9% below this benchmark. Historically, Link Real Estate Investment Trust's own PB Ratio has ranged from 0.43 to 1.18 over the past decade. While the company's 10-year median is 0.86 vs. the industry median of 0.86, Link Real Estate Investment Trust 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. Link Real Estate Investment Trust's current PB Ratio of 0.62 is 27.9% 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 Link Real Estate Investment Trust 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. Link Real Estate Investment Trust's current PB Ratio is 0.62, which is 28% below median its own 10-year median of 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Link Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Link Real Estate Investment Trust (LKREF) is currently considered Fairly Valued. The stock's GF Value™ is $4.83, compared to a current price of $4.60 — trading 4.8% below its estimated fair value. The current PB Ratio is 0.62, which is 28% below median its 10-year median of 0.86 and 27.9% below the REITs industry median of 0.86. Link Real Estate Investment Trust's overall GF Score™ is 67/100 with 4 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 Link Real Estate Investment Trust (LKREF), the current PB Ratio is 0.62 as of Jun. 26, 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 Link Real Estate Investment Trust (LKREF) Overvalued in 2026?
Based on GuruFocus' analysis, Link Real Estate Investment Trust stock appears to be undervalued.
The current stock price of $4.60 is trading 4.8% below its estimated GF Value™ of $4.83.
GuruFocus considers Link Real Estate Investment Trust to be Fairly Valued.
Key valuation signals for LKREF:
PB Ratio: 0.62 (28% below median its 10-year median of 0.86)
GF Value™: $4.83 vs. price of $4.60 (4.8% below fair value)
Industry Position: 27.9% below the REITs median (#226 of 929)
No single metric tells the full story. See the LKREF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Link Real Estate Investment Trust Business Description
Link REIT is Asia's largest REIT, listed in 2005 to privatize retail assets held by the Hong Kong Housing Authority. It owns 154 properties and around 57,000 car park spaces. It expanded its investment mandate in 2014 to allow overseas acquisitions, and has since acquired retail, office, and logistics properties in China, as well as an office development project in Hong Kong. Link also expanded its footprint to Sydney, Melbourne, London, and Singapore.
67GF Score
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