NRO (NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND) PB Ratio: 0.93 (As of Jun. 26, 2026) — Near Median


NRO NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND INC NRO
32 GF Score
Price $3.02
! 2 Warning Signs
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What is NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND PB Ratio?

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND NRO +3.42% 32 PB Ratio is 0.93 as of Jun. 26, 2026, which is 1% above its 10-year median of 0.92. GuruFocus rates NRO with a GF Score™ of 32/100. The stock has 2 warning signs investors should review. Among 1,604 Asset Management companies, NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND ranks better than 61.78% 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 (2026-06-26), NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's share price is $3.02. NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Book Value per Share for the quarter that ended in Oct. 2025 was $3.26. Hence, NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's PB Ratio of today is 0.93.

The historical rank and industry rank for NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's PB Ratio or its related term are showing as below:

NRO' s PB Ratio Range Over the Past 10 Years
Min: 0.45   Med: 0.92   Max: 1.37
Current: 0.93

During the past 13 years, NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's highest PB Ratio was 1.37. The lowest was 0.45. And the median was 0.92.

NRO's PB Ratio is ranked better than
61.78% of 1604 companies
in the Asset Management industry
Industry Median: 0.95 vs NRO: 0.93

During the past 12 months, NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's average Book Value Per Share Growth Rate was -14.60% 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 -5.00% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -6.40% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND was 11.70% per year. The lowest was -16.70% per year. And the median was -0.60% per year.

Back to Basics: PB Ratio


NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND  (AMEX:NRO) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.


NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND PB Ratio Related Terms


NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND PB Ratio Historical Data

* Premium members only.

The historical data trend for NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND'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.

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND PB Ratio Chart

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.96 0.99 0.86 1.00 0.99

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND Semi-Annual Data
Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.86 0.96 1.00 0.95 0.99

NRO vs WIA, HGLB, OPP: PB Ratio Comparison

For the Asset Management subindustry, NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND'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.


NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's PB Ratio distribution charts can be found below:

* The bar in red indicates where NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's PB Ratio falls into.


NRO
32GF Score
NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND INC NRO
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND 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.

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Oct. 2025)
=3.02/3.257
=0.93

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 0.93 mean?
NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND (NRO) has a PB Ratio of 0.93 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND and its competitors. This is near median its historical median of 0.92. Over the past decade, NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's PB Ratio has ranged from 0.45 to 1.37. According to the industry distribution chart, NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND ranks #613 out of 1604 companies in the Asset Management industry, placing it in the top 38.2%.
Is NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's PB Ratio too high?
NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's current PB Ratio of 0.93 is near median its 10-year median of 0.92. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 1.37. The Asset Management industry median PB Ratio is 0.95. NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's value of 0.93 is 2.1% below this industry median. Based on the distribution chart, NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND ranks #613 out of 1604 companies in the Asset Management industry, which is above the industry midpoint. Overall, NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's PB Ratio compare to WIA and HGLB?
According to the Asset Management industry distribution chart, NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND ranks #613 out of 1604 companies for PB Ratio. This puts NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND in the upper half of its industry. The industry median PB Ratio is 0.95. NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's value of 0.93 is 2.1% below this benchmark. Historically, NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's own PB Ratio has ranged from 0.45 to 1.37 over the past decade. While the company's 10-year median is 0.92 vs. the industry median of 0.95, NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND 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 an Asset Management company?
The median PB Ratio among Asset Management companies is 0.95, based on 1,604 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. NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's current PB Ratio of 0.93 is 2.1% 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 NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND and its competitors. For the Asset Management industry, the median PB Ratio is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's current PB Ratio is 0.93, which is near median its own 10-year median of 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND stock overvalued right now?
NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND (NRO) has a current PB Ratio of 0.93. The current PB Ratio is 0.93, which is near median its 10-year median of 0.92 and 2.1% below the Asset Management industry median of 0.95. NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's overall GF Score™ is 32/100 with 2 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 NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND (NRO), the current PB Ratio is 0.93 as of Jun. 26, 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.

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND Business Description

Address c/o Neuberger Berman Investment Advisers LLC, 1290 Avenue of the Americas, New York, NY, USA, 10104-0002
NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND INC is a closed-end management investment company that invests mainly in securities issued by real estate companies, including real estate investment trusts (REITs). Its primary objective is to gain high current income with capital appreciation being the second. Under normal market conditions, the Fund invests at least 90% of its total assets in income-producing common equity securities, preferred securities, convertible securities and non-convertible debt securities issued by real estate companies, including real estate investment trusts ("REITs").
32GF Score

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PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$3.02
Price