The historical rank and industry rank for Alexandria Real Estate Equities's PB Ratio or its related term are showing as below:
MEX:ARE'
s PB Ratio Range Over the Past 10 Years
Min: 0.45 Med: 1.93 Max: 2.38
Current: 0.56
During the past 13 years, Alexandria Real Estate Equities's highest PB Ratio was 2.38. The lowest was 0.45. And the median was 1.93.
MEX:ARE's PB Ratio is ranked better than 81.59% of 929
companies
in the REITs industry
Industry Median: 0.87
vs MEX:ARE: 0.56
During the past 12 months, Alexandria Real Estate Equities's average Book Value Per Share Growth Rate was -10.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -6.50% 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 8.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Alexandria Real Estate Equities was 134.50% per year. The lowest was -6.50% per year. And the median was 7.10% per year.
Back to Basics: PB Ratio
Alexandria Real Estate Equities (MEX:ARE) 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.
Alexandria Real Estate Equities PB Ratio Related Terms
Alexandria Real Estate Equities 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 - Office subindustry, Alexandria Real Estate Equities'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.
Alexandria Real Estate Equities PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Alexandria Real Estate Equities's PB Ratio distribution charts can be found below:
* The bar in red indicates where Alexandria Real Estate Equities's PB Ratio falls into.
Alexandria Real Estate Equities PB Ratio Calculation
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.
Alexandria Real Estate Equities (MEX:ARE) has a PB Ratio of 0.54 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 Alexandria Real Estate Equities and its competitors. This is 72% below median its historical median of 1.93. Over the past decade, Alexandria Real Estate Equities' PB Ratio has ranged from 0.45 to 2.38. According to the industry distribution chart, Alexandria Real Estate Equities ranks #171 out of 929 companies in the REITs industry, placing it in the top 18.4%.
Is Alexandria Real Estate Equities' PB Ratio too high?
Alexandria Real Estate Equities' current PB Ratio of 0.54 is 72% below median its 10-year median of 1.93. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 2.38. The REITs industry median PB Ratio is 0.87. Alexandria Real Estate Equities' value of 0.54 is 37.9% below this industry median. Based on the distribution chart, Alexandria Real Estate Equities ranks #171 out of 929 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Alexandria Real Estate Equities has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Alexandria Real Estate Equities' PB Ratio compare to BXP and VNO?
According to the REITs industry distribution chart, Alexandria Real Estate Equities ranks #171 out of 929 companies for PB Ratio. This places Alexandria Real Estate Equities in the top 18% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.87. Alexandria Real Estate Equities' value of 0.54 is 37.9% below this benchmark. Historically, Alexandria Real Estate Equities' own PB Ratio has ranged from 0.45 to 2.38 over the past decade. While the company's 10-year median is 1.93 vs. the industry median of 0.87, Alexandria Real Estate Equities 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. Alexandria Real Estate Equities's current PB Ratio of 0.54 is 37.9% 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 Alexandria Real Estate Equities 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. Alexandria Real Estate Equities's current PB Ratio is 0.54, which is 72% below median its own 10-year median of 1.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alexandria Real Estate Equities stock overvalued right now?
Based on GuruFocus' analysis, Alexandria Real Estate Equities (MEX:ARE) is currently considered Possible Value Trap. The stock's GF Value™ is MXN1,692.14, compared to a current price of MXN905.00 — trading 46.5% below its estimated fair value. The current PB Ratio is 0.54, which is 72% below median its 10-year median of 1.93 and 37.9% below the REITs industry median of 0.87. Alexandria Real Estate Equities' overall GF Score™ is 50/100 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 Alexandria Real Estate Equities (MEX:ARE), the current PB Ratio is 0.54 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 Alexandria Real Estate Equities (MEX:ARE) Overvalued in 2026?
Based on GuruFocus' analysis, Alexandria Real Estate Equities stock appears to be undervalued.
The current stock price of MXN905.00 is trading 46.5% below its estimated GF Value™ of MXN1,692.14.
GuruFocus considers Alexandria Real Estate Equities to be Possible Value Trap.
Key valuation signals for MEX:ARE:
PB Ratio: 0.54 (72% below median its 10-year median of 1.93)
GF Value™: MXN1,692.14 vs. price of MXN905.00 (46.5% below fair value)
Industry Position: 37.9% below the REITs median (#171 of 929)
No single metric tells the full story. See the MEX:ARE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alexandria Real Estate Equities Business Description
Alexandria Real Estate Equities Inc is an urban office real estate investment trust (REIT). It is engaged in the business of providing space for lease to life science, agtech, and technology tenants. The company has established a market presence in key locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle, Texas, and Canada. The Company is a life science real estate investment trust focused on developing, redeveloping, and operating properties that provide space for lease to tenants in the life science industry.
50GF Score
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