Opendoor TechnologiesOPEN +2.02%56 PB Ratio is 4.33 as of Jun. 24, 2026, which is 111% above its 10-year median of 2.05. GuruFocus rates OPEN with a GF Score™ of 56/100 and a GF Value™ of $1.24 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,711 Real Estate companies, Opendoor Technologies ranks worse than 94.27% on this metric.
The historical rank and industry rank for Opendoor Technologies's PB Ratio or its related term are showing as below:
OPEN'
s PB Ratio Range Over the Past 10 Years
Min: 0.43 Med: 2.05 Max: 12.04
Current: 4.33
During the past 8 years, Opendoor Technologies's highest PB Ratio was 12.04. The lowest was 0.43. And the median was 2.05.
OPEN's PB Ratio is ranked worse than 94.27% of 1711
companies
in the Real Estate industry
Industry Median: 0.82
vs OPEN: 4.33
During the past 12 months, Opendoor Technologies's average Book Value Per Share Growth Rate was 11.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -14.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -22.90% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Opendoor Technologies was -14.90% per year. The lowest was -35.30% per year. And the median was -20.80% per year.
Back to Basics: PB Ratio
Opendoor Technologies (NAS:OPEN) 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.
* 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 Real Estate Services subindustry, Opendoor Technologies'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.
Opendoor Technologies PB Ratio vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Opendoor Technologies's PB Ratio distribution charts can be found below:
* The bar in red indicates where Opendoor Technologies'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.
Opendoor Technologies (OPEN) has a PB Ratio of 4.33 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 Opendoor Technologies and its competitors. This is 111% above median its historical median of 2.05. Over the past decade, Opendoor Technologies' PB Ratio has ranged from 0.43 to 12.04. According to the industry distribution chart, Opendoor Technologies ranks #1613 out of 1711 companies in the Real Estate industry, placing it in the top 94.3%.
Is Opendoor Technologies' PB Ratio too high?
Opendoor Technologies' current PB Ratio of 4.33 is 111% above median its 10-year median of 2.05. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 12.04. The Real Estate industry median PB Ratio is 0.82. Opendoor Technologies' value of 4.33 is 428% above this industry median. Based on the distribution chart, Opendoor Technologies ranks #1613 out of 1711 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Opendoor Technologies has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Opendoor Technologies' PB Ratio compare to COMP and CWK?
According to the Real Estate industry distribution chart, Opendoor Technologies ranks #1613 out of 1711 companies for PB Ratio. This places Opendoor Technologies in the lower half of its industry. The industry median PB Ratio is 0.82. Opendoor Technologies' value of 4.33 is 428% above this benchmark. Historically, Opendoor Technologies' own PB Ratio has ranged from 0.43 to 12.04 over the past decade. While the company's 10-year median is 2.05 vs. the industry median of 0.82, Opendoor Technologies 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 Real Estate company?
The median PB Ratio among Real Estate companies is 0.82, based on 1,711 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. Opendoor Technologies's current PB Ratio of 4.33 is 428% 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 Opendoor Technologies and its competitors. For the Real Estate industry, the median PB Ratio is 0.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Opendoor Technologies's current PB Ratio is 4.33, which is 111% above median its own 10-year median of 2.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Opendoor Technologies stock overvalued right now?
Based on GuruFocus' analysis, Opendoor Technologies (OPEN) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.24, compared to a current price of $4.29 — trading 245.6% above its estimated fair value. The current PB Ratio is 4.33, which is 111% above median its 10-year median of 2.05 and 428% above the Real Estate industry median of 0.82. Opendoor Technologies' overall GF Score™ is 56/100 with 3 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 Opendoor Technologies (OPEN), the current PB Ratio is 4.33 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 Opendoor Technologies (OPEN) Overvalued in 2026?
Based on GuruFocus' analysis, Opendoor Technologies stock appears to be overvalued.
The current stock price of $4.29 is trading 245.6% above its estimated GF Value™ of $1.24.
GuruFocus considers Opendoor Technologies to be Significantly Overvalued.
Key valuation signals for OPEN:
PB Ratio: 4.33 (111% above median its 10-year median of 2.05)
GF Value™: $1.24 vs. price of $4.29 (245.6% above fair value)
Industry Position: 428% above the Real Estate median (#1613 of 1711)
No single metric tells the full story. See the OPEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Opendoor Technologies Inc is an end-to-end real estate platform enabling customers to sell and buy a home online. Its product offerings include Sell to Opendoor, its core product where sellers sell their homes directly to the company, and it resells those homes to buyers; List with Opendoor, for customers to list their homes with a partner agent; and Opendoor Marketplace, a capital-light marketplace offering that connects home sellers with both institutional and retail buyers. In addition to these products, the company also offers its customers integrated title insurance and escrow services through its subsidiaries. A vast majority of the company's revenue is generated by its core product offering, where it acquires homes directly from sellers and resells those homes to buyers.
56GF Score
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