Mindspace Business Parks REIT stock PB Ratio (=2) is close to 10-year high of 2.21.
The historical rank and industry rank for Mindspace Business Parks REIT's PB Ratio or its related term are showing as below:
NSE:MINDSPACE'
s PB Ratio Range Over the Past 10 Years
Min: 1.01 Med: 1.33 Max: 2.21
Current: 2
During the past 9 years, Mindspace Business Parks REIT's highest PB Ratio was 2.21. The lowest was 1.01. And the median was 1.33.
NSE:MINDSPACE's PB Ratio is ranked worse than 90.85% of 929
companies
in the REITs industry
Industry Median: 0.87
vs NSE:MINDSPACE: 2.00
During the past 12 months, Mindspace Business Parks REIT's average Book Value Per Share Growth Rate was 0.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -2.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -3.60% per year.
During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of Mindspace Business Parks REIT was 140.30% per year. The lowest was -4.60% per year. And the median was 45.50% per year.
Back to Basics: PB Ratio
Mindspace Business Parks REIT (NSE:MINDSPACE) 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.
Mindspace Business Parks REIT PB Ratio Related Terms
Mindspace Business Parks REIT 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.
NSE:MINDSPACE vs BXP, ARE, VNO: PB Ratio Comparison
For the REIT - Office subindustry, Mindspace Business Parks REIT'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.
Mindspace Business Parks REIT PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Mindspace Business Parks REIT's PB Ratio distribution charts can be found below:
* The bar in red indicates where Mindspace Business Parks REIT's PB Ratio falls into.
Mindspace Business Parks REIT 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.
Mindspace Business Parks REIT (NSE:MINDSPACE) has a PB Ratio of 2.00 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 Mindspace Business Parks REIT and its competitors. This is 50% above median its historical median of 1.33. Over the past decade, Mindspace Business Parks REIT's PB Ratio has ranged from 1.01 to 2.21. According to the industry distribution chart, Mindspace Business Parks REIT ranks #844 out of 929 companies in the REITs industry, placing it in the top 90.9%.
Is Mindspace Business Parks REIT's PB Ratio too high?
Mindspace Business Parks REIT's current PB Ratio of 2.00 is 50% above median its 10-year median of 1.33. Over the past 10 years, this metric has ranged from a low of 1.01 to a high of 2.21. The REITs industry median PB Ratio is 0.87. Mindspace Business Parks REIT's value of 2.00 is 129.9% above this industry median. Based on the distribution chart, Mindspace Business Parks REIT ranks #844 out of 929 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Mindspace Business Parks REIT has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mindspace Business Parks REIT's PB Ratio compare to BXP and ARE?
According to the REITs industry distribution chart, Mindspace Business Parks REIT ranks #844 out of 929 companies for PB Ratio. This places Mindspace Business Parks REIT in the lower half of its industry. The industry median PB Ratio is 0.87. Mindspace Business Parks REIT's value of 2.00 is 129.9% above this benchmark. Historically, Mindspace Business Parks REIT's own PB Ratio has ranged from 1.01 to 2.21 over the past decade. While the company's 10-year median is 1.33 vs. the industry median of 0.87, Mindspace Business Parks REIT 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 0.87, 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. Mindspace Business Parks REIT's current PB Ratio of 2.00 is 129.9% 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 Mindspace Business Parks REIT 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. Mindspace Business Parks REIT's current PB Ratio is 2.00, which is 50% above median its own 10-year median of 1.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mindspace Business Parks REIT stock overvalued right now?
Based on GuruFocus' analysis, Mindspace Business Parks REIT (NSE:MINDSPACE) is currently considered Fairly Valued. The stock's GF Value™ is ₹481.39, compared to a current price of ₹463.16 — trading 3.8% below its estimated fair value. The current PB Ratio is 2.00, which is 50% above median its 10-year median of 1.33 and 129.9% above the REITs industry median of 0.87. Mindspace Business Parks REIT's overall GF Score™ is 84/100 with 6 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 Mindspace Business Parks REIT (NSE:MINDSPACE), the current PB Ratio is 2.00 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.
Is Mindspace Business Parks REIT (NSE:MINDSPACE) Overvalued in 2026?
Based on GuruFocus' analysis, Mindspace Business Parks REIT stock appears to be undervalued.
The current stock price of ₹463.16 is trading 3.8% below its estimated GF Value™ of ₹481.39.
GuruFocus considers Mindspace Business Parks REIT to be Fairly Valued.
Key valuation signals for NSE:MINDSPACE:
PB Ratio: 2.00 (50% above median its 10-year median of 1.33)
GF Value™: ₹481.39 vs. price of ₹463.16 (3.8% below fair value)
Industry Position: 129.9% above the REITs median (#844 of 929)
No single metric tells the full story. See the NSE:MINDSPACE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mindspace Business Parks REIT Business Description
Mindspace Business Parks REIT is a real estate investment company. It owns an office portfolio located in four key office markets such as Mumbai Region, Hyderabad, Pune, and Chennai in India. The company's portfolio has several integrated business parks with superior infrastructure and amenities (such as restaurants, creches, and outdoor sports arenas) and five quality independent offices.
84GF Score
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