VBLMAL:VBL 62 PB Ratio is 0.82 as of Jul. 03, 2026, which is 1% above its 10-year median of 0.81. GuruFocus rates MAL:VBL with a GF Score™ of 62/100 and a GF Value™ of €0.15 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,711 Real Estate companies, VBL ranks better than 50.38% 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 (2026-07-03), VBL's share price is €0.228. VBL's Book Value per Share for the quarter that ended in Dec. 2025 was €0.28. Hence, VBL's PB Ratio of today is 0.82.
Warning Sign:
VBL PLC stock PB Ratio (=0.82) is close to 3-year high of 0.9.
The historical rank and industry rank for VBL's PB Ratio or its related term are showing as below:
MAL:VBL'
s PB Ratio Range Over the Past 10 Years
Min: 0.55 Med: 0.81 Max: 1.55
Current: 0.82
During the past 6 years, VBL's highest PB Ratio was 1.55. The lowest was 0.55. And the median was 0.81.
MAL:VBL's PB Ratio is ranked better than 50.38% of 1711
companies
in the Real Estate industry
Industry Median: 0.83
vs MAL:VBL: 0.82
During the past 12 months, VBL's average Book Value Per Share Growth Rate was 1.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 2.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 6.90% per year.
During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of VBL was 10.90% per year. The lowest was 2.70% per year. And the median was 5.60% per year.
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.
VBL PB Ratio Related Terms
VBL PB Ratio Historical Data
* Premium members only.
The historical data trend for VBL'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 Real Estate - Diversified subindustry, VBL'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.
VBL PB Ratio vs Real Estate Industry
For the Real Estate industry and Real Estate sector, VBL's PB Ratio distribution charts can be found below:
* The bar in red indicates where VBL'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.
VBL'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.
VBL (MAL:VBL) has a PB Ratio of 0.82 as of Jul. 03, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on VBL and its competitors. This is near median its historical median of 0.81. Over the past decade, VBL's PB Ratio has ranged from 0.55 to 1.55. According to the industry distribution chart, VBL ranks #849 out of 1711 companies in the Real Estate industry, placing it in the top 49.6%.
Is VBL's PB Ratio too high?
VBL's current PB Ratio of 0.82 is near median its 10-year median of 0.81. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 1.55. The Real Estate industry median PB Ratio is 0.83. VBL's value of 0.82 is 1.2% below this industry median. Based on the distribution chart, VBL ranks #849 out of 1711 companies in the Real Estate industry, which is above the industry midpoint. Overall, VBL has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does VBL's PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, VBL ranks #849 out of 1711 companies for PB Ratio. This puts VBL in the upper half of its industry. The industry median PB Ratio is 0.83. VBL's value of 0.82 is 1.2% below this benchmark. Historically, VBL's own PB Ratio has ranged from 0.55 to 1.55 over the past decade. While the company's 10-year median is 0.81 vs. the industry median of 0.83, VBL 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 Real Estate company?
The median PB Ratio among Real Estate companies is 0.83, based on 1,711 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. VBL's current PB Ratio of 0.82 is 1.2% 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 VBL and its competitors. For the Real Estate industry, the median PB Ratio is 0.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VBL's current PB Ratio is 0.82, which is near median its own 10-year median of 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VBL stock overvalued right now?
Based on GuruFocus' analysis, VBL (MAL:VBL) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.15, compared to a current price of €0.23 — trading 52% above its estimated fair value. The current PB Ratio is 0.82, which is near median its 10-year median of 0.81 and 1.2% below the Real Estate industry median of 0.83. VBL's overall GF Score™ is 62/100 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 VBL (MAL:VBL), the current PB Ratio is 0.82 as of Jul. 03, 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 VBL (MAL:VBL) Overvalued in 2026?
Based on GuruFocus' analysis, VBL stock appears to be overvalued.
The current stock price of €0.23 is trading 52% above its estimated GF Value™ of €0.15.
GuruFocus considers VBL to be Significantly Overvalued.
Key valuation signals for MAL:VBL:
PB Ratio: 0.82 (near median its 10-year median of 0.81)
GF Value™: €0.15 vs. price of €0.23 (52% above fair value)
Industry Position: 1.2% below the Real Estate median (#849 of 1711)
No single metric tells the full story. See the MAL:VBL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
VBL PLC is a private owner of real estate in Valletta with a diversified portfolio of residential, hospitality, commercial, and office space. It is involved in property ownership and the full process of real estate acquisitions, integrated real estate development, property management, operations, utilisation (rental), and disposal of properties. Some of its projects include Palazzo Stella Valletta, Casa San Domenico, Orangery Phase 1, Silver Horse Phase 1 - The Gut, Dormitory, Palazzo Zoe, and Old Lodge. Its services include Hospitality Management, Property Management and Operations, and Development. The firm generates the majority of its revenue from Rental Income.
62GF Score
Get the complete analysis for MAL:VBL
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
MAL:VBL has been successfully added to your 
