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Modiv IndustrialMDV 49 PB Ratio is 1.16 as of Aug. 29, 2026, which is 49% above its 10-year median of 0.78. GuruFocus rates MDV with a GF Score™ of 49/100 and a GF Value™ of $13.09 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 911 REITs companies, Modiv Industrial ranks worse than 76.84% 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 (2026-08-29), Modiv Industrial's share price is $18.05. Modiv Industrial's Book Value per Share for the quarter that ended in Jun. 2026 was $15.62. Hence, Modiv Industrial's PB Ratio of today is 1.16.
Warning Sign:
Modiv Industrial Inc stock PB Ratio (=1.16) is close to 3-year high of 1.19.
The historical rank and industry rank for Modiv Industrial's PB Ratio or its related term are showing as below:
MDV'
s PB Ratio Range Over the Past 10 Years
Min: 0.43 Med: 0.78 Max: 2.74
Current: 1.16
During the past 7 years, Modiv Industrial's highest PB Ratio was 2.74. The lowest was 0.43. And the median was 0.78.
MDV's PB Ratio is ranked worse than 76.84% of 911
companies
in the REITs industry
Industry Median: 0.85
vs MDV: 1.16
During the past 12 months, Modiv Industrial's average Book Value Per Share Growth Rate was -4.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -9.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -4.20% per year.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Modiv Industrial was 0.10% per year. The lowest was -9.40% per year. And the median was -6.90% 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.
Modiv Industrial PB Ratio Related Terms
Modiv Industrial PB Ratio Historical Data
* Premium members only.
The historical data trend for Modiv Industrial'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, Modiv Industrial'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.
Modiv Industrial PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Modiv Industrial's PB Ratio distribution charts can be found below:
* The bar in red indicates where Modiv Industrial'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.
Modiv Industrial (MDV) has a PB Ratio of 1.16 as of Aug. 29, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Modiv Industrial and its competitors. This is 49% above median its historical median of 0.78. Over the past decade, Modiv Industrial's PB Ratio has ranged from 0.43 to 2.74. According to the industry distribution chart, Modiv Industrial ranks #700 out of 911 companies in the REITs industry, placing it in the top 76.8%.
Is Modiv Industrial's PB Ratio too high?
Modiv Industrial's current PB Ratio of 1.16 is 49% above median its 10-year median of 0.78. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 2.74. The REITs industry median PB Ratio is 0.85. Modiv Industrial's value of 1.16 is 36.5% above this industry median. Based on the distribution chart, Modiv Industrial ranks #700 out of 911 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Modiv Industrial has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Modiv Industrial's PB Ratio compare to ILPT and PLD?
According to the REITs industry distribution chart, Modiv Industrial ranks #700 out of 911 companies for PB Ratio. This places Modiv Industrial in the lower half of its industry. The industry median PB Ratio is 0.85. Modiv Industrial's value of 1.16 is 36.5% above this benchmark. Historically, Modiv Industrial's own PB Ratio has ranged from 0.43 to 2.74 over the past decade. While the company's 10-year median is 0.78 vs. the industry median of 0.85, Modiv Industrial 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 0.85, based on 911 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. Modiv Industrial's current PB Ratio of 1.16 is 36.5% 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 Modiv Industrial and its competitors. For the REITs industry, the median PB Ratio is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modiv Industrial's current PB Ratio is 1.16, which is 49% above median its own 10-year median of 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modiv Industrial stock overvalued right now?
Based on GuruFocus' analysis, Modiv Industrial (MDV) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.09, compared to a current price of $18.05 — trading 37.9% above its estimated fair value. The current PB Ratio is 1.16, which is 49% above median its 10-year median of 0.78 and 36.5% above the REITs industry median of 0.85. Modiv Industrial's overall GF Score™ is 49/100 with 12 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 Modiv Industrial (MDV), the current PB Ratio is 1.16 as of Aug. 29, 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 Modiv Industrial (MDV) Overvalued in 2026?
Based on GuruFocus' analysis, Modiv Industrial stock appears to be overvalued.
The current stock price of $18.05 is trading 37.9% above its estimated GF Value™ of $13.09.
GuruFocus considers Modiv Industrial to be Significantly Overvalued.
Key valuation signals for MDV:
PB Ratio: 1.16 (49% above median its 10-year median of 0.78)
GF Value™: $13.09 vs. price of $18.05 (37.9% above fair value)
Industry Position: 36.5% above the REITs median (#700 of 911)
No single metric tells the full story. See the MDV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Modiv Industrial Inc is a pioneer in the direct-to-consumer commercial real estate product industry. It provides individual investors access to real estate and real estate-related investments designed to provide both income and long-term growth. The company has invested in single-tenant income-producing properties. Its current business consists of owning, managing, operating, leasing, acquiring, investing in, and disposing of commercial real estate assets utilized for industrial manufacturing, as well as a few non-core assets. All of the company's consolidated revenues are derived from the company's consolidated real estate properties.
49GF Score
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