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Mapletree Industrial TrustMAPIF 62 PB Ratio is 1.04 as of Jul. 21, 2026, which is 21% below its 10-year median of 1.31. GuruFocus rates MAPIF with a GF Score™ of 62/100 and a GF Value™ of $1.73 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 928 REITs companies, Mapletree Industrial Trust ranks worse than 69.94% on this metric.
Mapletree Industrial Trust stock PB Ratio (=1.06) is close to 10-year low of 1.04.
The historical rank and industry rank for Mapletree Industrial Trust's PB Ratio or its related term are showing as below:
MAPIF'
s PB Ratio Range Over the Past 10 Years
Min: 1.04 Med: 1.31 Max: 2.07
Current: 1.06
During the past 13 years, Mapletree Industrial Trust's highest PB Ratio was 2.07. The lowest was 1.04. And the median was 1.31.
MAPIF's PB Ratio is ranked worse than 69.94% of 928
companies
in the REITs industry
Industry Median: 0.86
vs MAPIF: 1.06
During the past 12 months, Mapletree Industrial Trust's average Book Value Per Share Growth Rate was 0.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -2.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 3.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Mapletree Industrial Trust was 300.90% per year. The lowest was -17.20% per year. And the median was 4.45% per year.
Back to Basics: PB Ratio
Mapletree Industrial Trust (OTCPK:MAPIF) 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.
Mapletree Industrial Trust PB Ratio Related Terms
Mapletree Industrial 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 - Industrial subindustry, Mapletree Industrial 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.
Mapletree Industrial Trust PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Mapletree Industrial Trust's PB Ratio distribution charts can be found below:
* The bar in red indicates where Mapletree Industrial Trust'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.
Mapletree Industrial Trust (MAPIF) has a PB Ratio of 1.04 as of Jul. 21, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Mapletree Industrial Trust and its competitors. This is 21% below median its historical median of 1.31. Over the past decade, Mapletree Industrial Trust's PB Ratio has ranged from 1.04 to 2.07. According to the industry distribution chart, Mapletree Industrial Trust ranks #649 out of 928 companies in the REITs industry, placing it in the top 69.9%.
Is Mapletree Industrial Trust's PB Ratio too high?
Mapletree Industrial Trust's current PB Ratio of 1.04 is 21% below median its 10-year median of 1.31. Over the past 10 years, this metric has ranged from a low of 1.04 to a high of 2.07. The REITs industry median PB Ratio is 0.86. Mapletree Industrial Trust's value of 1.04 is 20.9% above this industry median. Based on the distribution chart, Mapletree Industrial Trust ranks #649 out of 928 companies in the REITs industry, which is below the industry midpoint. Overall, Mapletree Industrial Trust has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mapletree Industrial Trust's PB Ratio compare to PLD and PSA?
According to the REITs industry distribution chart, Mapletree Industrial Trust ranks #649 out of 928 companies for PB Ratio. This places Mapletree Industrial Trust in the lower half of its industry. The industry median PB Ratio is 0.86. Mapletree Industrial Trust's value of 1.04 is 20.9% above this benchmark. Historically, Mapletree Industrial Trust's own PB Ratio has ranged from 1.04 to 2.07 over the past decade. While the company's 10-year median is 1.31 vs. the industry median of 0.86, Mapletree Industrial Trust 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 0.86, based on 928 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. Mapletree Industrial Trust's current PB Ratio of 1.04 is 20.9% 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 Mapletree Industrial 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. Mapletree Industrial Trust's current PB Ratio is 1.04, which is 21% below median its own 10-year median of 1.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mapletree Industrial Trust stock overvalued right now?
Based on GuruFocus' analysis, Mapletree Industrial Trust (MAPIF) is currently considered Modestly Undervalued. The stock's GF Value™ is $1.73, compared to a current price of $1.49 — trading 13.9% below its estimated fair value. The current PB Ratio is 1.04, which is 21% below median its 10-year median of 1.31 and 20.9% above the REITs industry median of 0.86. Mapletree Industrial Trust's overall GF Score™ is 62/100 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 Mapletree Industrial Trust (MAPIF), the current PB Ratio is 1.04 as of Jul. 21, 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 Mapletree Industrial Trust (MAPIF) Overvalued in 2026?
Based on GuruFocus' analysis, Mapletree Industrial Trust stock appears to be undervalued.
The current stock price of $1.49 is trading 13.9% below its estimated GF Value™ of $1.73.
GuruFocus considers Mapletree Industrial Trust to be Modestly Undervalued.
Key valuation signals for MAPIF:
PB Ratio: 1.04 (21% below median its 10-year median of 1.31)
GF Value™: $1.73 vs. price of $1.49 (13.9% below fair value)
Industry Position: 20.9% above the REITs median (#649 of 928)
No single metric tells the full story. See the MAPIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mapletree Industrial Trust is a real estate investment trust focused on industrial properties and data centers. Its property portfolio consists of 136 properties in Singapore, North America, and Japan. Types of property owned include data centers, high-tech buildings, business parks, and general industrial. The trust is externally managed by Mapletree Industrial Trust Management Limited, a subsidiary of its sponsor, which owns around 31% stake in the trust.
62GF Score
Get the complete analysis for MAPIF
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