Phillips EdisonPECO +0.84%79 PB Ratio is 2.33 as of Jun. 24, 2026, which is 39% above its 10-year median of 1.68. GuruFocus rates PECO with a GF Score™ of 79/100 and a GF Value™ of $39.98 (Fairly Valued). The stock has 7 warning signs investors should review. Among 929 REITs companies, Phillips Edison ranks worse than 93% 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 (2026-06-24), Phillips Edison's share price is $42.14. Phillips Edison's Book Value per Share for the quarter that ended in Mar. 2026 was $18.09. Hence, Phillips Edison's PB Ratio of today is 2.33.
Warning Sign:
Phillips Edison & Co Inc stock PB Ratio (=2.31) is close to 10-year high of 2.32.
The historical rank and industry rank for Phillips Edison's PB Ratio or its related term are showing as below:
PECO'
s PB Ratio Range Over the Past 10 Years
Min: 0.95 Med: 1.68 Max: 2.34
Current: 2.33
During the past 13 years, Phillips Edison's highest PB Ratio was 2.34. The lowest was 0.95. And the median was 1.68.
PECO's PB Ratio is ranked worse than 93% of 929
companies
in the REITs industry
Industry Median: 0.87
vs PECO: 2.33
During the past 12 months, Phillips Edison's average Book Value Per Share Growth Rate was -1.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -1.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -0.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -0.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Phillips Edison was 2.30% per year. The lowest was -9.40% per year. And the median was -0.80% 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.
Phillips Edison PB Ratio Related Terms
Phillips Edison PB Ratio Historical Data
* Premium members only.
The historical data trend for Phillips Edison'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 - Retail subindustry, Phillips Edison'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.
Phillips Edison PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Phillips Edison's PB Ratio distribution charts can be found below:
* The bar in red indicates where Phillips Edison'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.
Phillips Edison's PB Ratio for today is calculated as follows:
* 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.
Phillips Edison (PECO) has a PB Ratio of 2.33 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 Phillips Edison and its competitors. This is 39% above median its historical median of 1.68. Over the past decade, Phillips Edison's PB Ratio has ranged from 0.95 to 2.34. According to the industry distribution chart, Phillips Edison ranks #864 out of 929 companies in the REITs industry, placing it in the top 93%.
Is Phillips Edison's PB Ratio too high?
Phillips Edison's current PB Ratio of 2.33 is 39% above median its 10-year median of 1.68. Over the past 10 years, this metric has ranged from a low of 0.95 to a high of 2.34. The REITs industry median PB Ratio is 0.87. Phillips Edison's value of 2.33 is 167.8% above this industry median. Based on the distribution chart, Phillips Edison ranks #864 out of 929 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Phillips Edison has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Phillips Edison's PB Ratio compare to KRG and SKT?
According to the REITs industry distribution chart, Phillips Edison ranks #864 out of 929 companies for PB Ratio. This places Phillips Edison in the lower half of its industry. The industry median PB Ratio is 0.87. Phillips Edison's value of 2.33 is 167.8% above this benchmark. Historically, Phillips Edison's own PB Ratio has ranged from 0.95 to 2.34 over the past decade. While the company's 10-year median is 1.68 vs. the industry median of 0.87, Phillips Edison 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. Phillips Edison's current PB Ratio of 2.33 is 167.8% 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 Phillips Edison 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. Phillips Edison's current PB Ratio is 2.33, which is 39% above median its own 10-year median of 1.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phillips Edison stock overvalued right now?
Based on GuruFocus' analysis, Phillips Edison (PECO) is currently considered Fairly Valued. The stock's GF Value™ is $39.98, compared to a current price of $42.14 — trading 5.4% above its estimated fair value. The current PB Ratio is 2.33, which is 39% above median its 10-year median of 1.68 and 167.8% above the REITs industry median of 0.87. Phillips Edison's overall GF Score™ is 79/100 with 7 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 Phillips Edison (PECO), the current PB Ratio is 2.33 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 Phillips Edison (PECO) Overvalued in 2026?
Based on GuruFocus' analysis, Phillips Edison stock appears to be overvalued.
The current stock price of $42.14 is trading 5.4% above its estimated GF Value™ of $39.98.
GuruFocus considers Phillips Edison to be Fairly Valued.
Key valuation signals for PECO:
PB Ratio: 2.33 (39% above median its 10-year median of 1.68)
GF Value™: $39.98 vs. price of $42.14 (5.4% above fair value)
Industry Position: 167.8% above the REITs median (#864 of 929)
No single metric tells the full story. See the PECO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Phillips Edison & Co Inc is a real estate investment trust. The company also operates a third-party investment management business providing property management and advisory services to four unconsolidated institutional joint ventures, in which it has a partial ownership interest, and one private fund. It invests in well-occupied, grocery-anchored neighborhood and community shopping centers. It holds an integrated in-house operating platform built on a market of expertise designed to optimize property value and consistently deliver a great shopping experience.
79GF Score
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