Safestore HoldingsLSE:SAFE +1.63%79 PB Ratio is 0.60 as of Jun. 26, 2026, which is 61% below its 10-year median of 1.52. GuruFocus rates LSE:SAFE with a GF Score™ of 79/100 and a GF Value™ of £8.08 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 929 REITs companies, Safestore Holdings ranks better than 78.04% on this metric.
Safestore Holdings PLC stock PB Ratio (=0.6) is close to 10-year low of 0.54.
The historical rank and industry rank for Safestore Holdings's PB Ratio or its related term are showing as below:
LSE:SAFE'
s PB Ratio Range Over the Past 10 Years
Min: 0.54 Med: 1.52 Max: 2.47
Current: 0.6
During the past 13 years, Safestore Holdings's highest PB Ratio was 2.47. The lowest was 0.54. And the median was 1.52.
LSE:SAFE's PB Ratio is ranked better than 78.04% of 929
companies
in the REITs industry
Industry Median: 0.87
vs LSE:SAFE: 0.60
During the past 12 months, Safestore Holdings's average Book Value Per Share Growth Rate was 0.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 7.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 15.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 17.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Safestore Holdings was 41.60% per year. The lowest was -0.70% per year. And the median was 15.85% per year.
Back to Basics: PB Ratio
Safestore Holdings (LSE:SAFE) 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.
Safestore Holdings PB Ratio Related Terms
Safestore Holdings PB Ratio Historical Data
* Premium members only.
The historical data trend for Safestore Holdings'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 - Industrial subindustry, Safestore Holdings'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.
Safestore Holdings PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Safestore Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where Safestore Holdings'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.
Safestore Holdings (LSE:SAFE) has a PB Ratio of 0.60 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 Safestore Holdings and its competitors. This is 61% below median its historical median of 1.52. Over the past decade, Safestore Holdings' PB Ratio has ranged from 0.54 to 2.47. According to the industry distribution chart, Safestore Holdings ranks #204 out of 929 companies in the REITs industry, placing it in the top 22%.
Is Safestore Holdings' PB Ratio too high?
Safestore Holdings' current PB Ratio of 0.60 is 61% below median its 10-year median of 1.52. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 2.47. The REITs industry median PB Ratio is 0.87. Safestore Holdings' value of 0.60 is 31% below this industry median. Based on the distribution chart, Safestore Holdings ranks #204 out of 929 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Safestore Holdings has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Safestore Holdings' PB Ratio compare to PLD and PSA?
According to the REITs industry distribution chart, Safestore Holdings ranks #204 out of 929 companies for PB Ratio. This places Safestore Holdings in the top 22% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.87. Safestore Holdings' value of 0.60 is 31% below this benchmark. Historically, Safestore Holdings' own PB Ratio has ranged from 0.54 to 2.47 over the past decade. While the company's 10-year median is 1.52 vs. the industry median of 0.87, Safestore Holdings 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 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. Safestore Holdings's current PB Ratio of 0.60 is 31% 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 Safestore Holdings 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. Safestore Holdings's current PB Ratio is 0.60, which is 61% below median its own 10-year median of 1.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Safestore Holdings stock overvalued right now?
Based on GuruFocus' analysis, Safestore Holdings (LSE:SAFE) is currently considered Modestly Undervalued. The stock's GF Value™ is £8.08, compared to a current price of £6.25 — trading 22.6% below its estimated fair value. The current PB Ratio is 0.60, which is 61% below median its 10-year median of 1.52 and 31% below the REITs industry median of 0.87. Safestore Holdings' overall GF Score™ is 79/100 with 6 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 Safestore Holdings (LSE:SAFE), the current PB Ratio is 0.60 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 Safestore Holdings (LSE:SAFE) Overvalued in 2026?
Based on GuruFocus' analysis, Safestore Holdings stock appears to be undervalued.
The current stock price of £6.25 is trading 22.6% below its estimated GF Value™ of £8.08.
GuruFocus considers Safestore Holdings to be Modestly Undervalued.
Key valuation signals for LSE:SAFE:
PB Ratio: 0.60 (61% below median its 10-year median of 1.52)
GF Value™: £8.08 vs. price of £6.25 (22.6% below fair value)
Industry Position: 31% below the REITs median (#204 of 929)
No single metric tells the full story. See the LSE:SAFE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Safestore Holdings PLC is a real estate investment trust that owns and leases storage space located in Paris and the United Kingdom. The company focuses on provision of self-storage accommodation and related services. The company operates in three segments based on geographical areas, being the United Kingdom, Paris in France and Expansion Markets (Spain, the Netherlands and Belgium). It also derives revenue from the rental of self-storage space and the sale of ancillary products such as StoreProtect and merchandise (e.g. packing materials and padlocks).
79GF Score
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