Target Healthcare REITLSE:THRL -1.14%32 PB Ratio is 0.87 as of Jun. 24, 2026, which is 15% below its 10-year median of 1.02. GuruFocus rates LSE:THRL with a GF Score™ of 32/100 and a GF Value™ of £0.89 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 929 REITs companies, Target Healthcare REIT ranks worse than 50.05% on this metric.
Target Healthcare REIT PLC stock PB Ratio (=0.87) is close to 3-year high of 0.95.
The historical rank and industry rank for Target Healthcare REIT's PB Ratio or its related term are showing as below:
LSE:THRL'
s PB Ratio Range Over the Past 10 Years
Min: 0.6 Med: 1.02 Max: 1.2
Current: 0.87
During the past 12 years, Target Healthcare REIT's highest PB Ratio was 1.20. The lowest was 0.60. And the median was 1.02.
LSE:THRL's PB Ratio is ranked worse than 50.05% of 929
companies
in the REITs industry
Industry Median: 0.87
vs LSE:THRL: 0.87
During the past 12 months, Target Healthcare REIT's average Book Value Per Share Growth Rate was 5.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 0.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 1.40% per year.
During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of Target Healthcare REIT was 2.60% per year. The lowest was -0.70% per year. And the median was 1.70% per year.
Back to Basics: PB Ratio
Target Healthcare REIT (LSE:THRL) 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.
* 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 - Healthcare Facilities subindustry, Target Healthcare REIT'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.
Target Healthcare REIT PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Target Healthcare REIT's PB Ratio distribution charts can be found below:
* The bar in red indicates where Target Healthcare REIT'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.
Target Healthcare REIT (LSE:THRL) has a PB Ratio of 0.87 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 Target Healthcare REIT and its competitors. This is 15% below median its historical median of 1.02. Over the past decade, Target Healthcare REIT's PB Ratio has ranged from 0.60 to 1.20. According to the industry distribution chart, Target Healthcare REIT ranks #465 out of 929 companies in the REITs industry, placing it in the top 50.1%.
Is Target Healthcare REIT's PB Ratio too high?
Target Healthcare REIT's current PB Ratio of 0.87 is 15% below median its 10-year median of 1.02. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 1.20. The REITs industry median PB Ratio is 0.87. Target Healthcare REIT's value of 0.87 is 0% at this industry median. Based on the distribution chart, Target Healthcare REIT ranks #465 out of 929 companies in the REITs industry, which is below the industry midpoint. Overall, Target Healthcare REIT has a GF Score™ of 32/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Target Healthcare REIT's PB Ratio compare to WELL and VTR?
According to the REITs industry distribution chart, Target Healthcare REIT ranks #465 out of 929 companies for PB Ratio. This places Target Healthcare REIT in the lower half of its industry. The industry median PB Ratio is 0.87. Target Healthcare REIT's value of 0.87 is 0% at this benchmark. Historically, Target Healthcare REIT's own PB Ratio has ranged from 0.60 to 1.20 over the past decade. While the company's 10-year median is 1.02 vs. the industry median of 0.87, Target Healthcare REIT has consistently been at 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. Target Healthcare REIT's current PB Ratio of 0.87 is 0% at 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 Target Healthcare REIT 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. Target Healthcare REIT's current PB Ratio is 0.87, which is 15% below median its own 10-year median of 1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Target Healthcare REIT stock overvalued right now?
Based on GuruFocus' analysis, Target Healthcare REIT (LSE:THRL) is currently considered Modestly Overvalued. The stock's GF Value™ is £0.89, compared to a current price of £1.04 — trading 16.9% above its estimated fair value. The current PB Ratio is 0.87, which is 15% below median its 10-year median of 1.02 and 0% at the REITs industry median of 0.87. Target Healthcare REIT's overall GF Score™ is 32/100 with 7 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 Target Healthcare REIT (LSE:THRL), the current PB Ratio is 0.87 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 Target Healthcare REIT (LSE:THRL) Overvalued in 2026?
Based on GuruFocus' analysis, Target Healthcare REIT stock appears to be overvalued.
The current stock price of £1.04 is trading 16.9% above its estimated GF Value™ of £0.89.
GuruFocus considers Target Healthcare REIT to be Modestly Overvalued.
Key valuation signals for LSE:THRL:
PB Ratio: 0.87 (15% below median its 10-year median of 1.02)
GF Value™: £0.89 vs. price of £1.04 (16.9% above fair value)
Industry Position: 0% at the REITs median (#465 of 929)
No single metric tells the full story. See the LSE:THRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Target Healthcare REIT PLC is an investment company that acts as a long-term investor in care homes in the United Kingdom. The investment objective of the company is to provide shareholders with an attractive level of income together with the potential for capital and income growth from investing in a diversified portfolio of freehold and long-leasehold care homes, which are let to care home operators, and other healthcare assets in the United Kingdom.
32GF Score
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