The historical rank and industry rank for Property For Industry's PB Ratio or its related term are showing as below:
PYIYF'
s PB Ratio Range Over the Past 10 Years
Min: 0.72 Med: 0.97 Max: 1.41
Current: 0.84
During the past 13 years, Property For Industry's highest PB Ratio was 1.41. The lowest was 0.72. And the median was 0.97.
PYIYF's PB Ratio is ranked better than 54.24% of 931
companies
in the REITs industry
Industry Median: 0.87
vs PYIYF: 0.84
During the past 12 months, Property For Industry's average Book Value Per Share Growth Rate was 5.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -2.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 5.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 8.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Property For Industry was 23.40% per year. The lowest was -9.50% per year. And the median was 7.60% per year.
Back to Basics: PB Ratio
Property For Industry (OTCPK:PYIYF) 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 REIT - Industrial subindustry, Property For Industry'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.
Property For Industry PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Property For Industry's PB Ratio distribution charts can be found below:
* The bar in red indicates where Property For Industry'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.
Property For Industry (PYIYF) has a PB Ratio of 0.76 as of Jul. 05, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Property For Industry and its competitors. This is 22% below median its historical median of 0.97. Over the past decade, Property For Industry's PB Ratio has ranged from 0.72 to 1.41. According to the industry distribution chart, Property For Industry ranks #426 out of 931 companies in the REITs industry, placing it in the top 45.8%.
Is Property For Industry's PB Ratio too high?
Property For Industry's current PB Ratio of 0.76 is 22% below median its 10-year median of 0.97. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 1.41. The REITs industry median PB Ratio is 0.87. Property For Industry's value of 0.76 is 12.6% below this industry median. Based on the distribution chart, Property For Industry ranks #426 out of 931 companies in the REITs industry, which is above the industry midpoint. Overall, Property For Industry has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Property For Industry's PB Ratio compare to PLD and PSA?
According to the REITs industry distribution chart, Property For Industry ranks #426 out of 931 companies for PB Ratio. This puts Property For Industry in the upper half of its industry. The industry median PB Ratio is 0.87. Property For Industry's value of 0.76 is 12.6% below this benchmark. Historically, Property For Industry's own PB Ratio has ranged from 0.72 to 1.41 over the past decade. While the company's 10-year median is 0.97 vs. the industry median of 0.87, Property For Industry 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 931 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. Property For Industry's current PB Ratio of 0.76 is 12.6% 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 Property For Industry 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. Property For Industry's current PB Ratio is 0.76, which is 22% below median its own 10-year median of 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Property For Industry stock overvalued right now?
Property For Industry (PYIYF) has a current PB Ratio of 0.76. The stock's GF Value™ is $1.21, compared to a current price of $1.26 — trading 4.1% above its estimated fair value. The current PB Ratio is 0.76, which is 22% below median its 10-year median of 0.97 and 12.6% below the REITs industry median of 0.87. Property For Industry's overall GF Score™ is 79/100 with 8 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 Property For Industry (PYIYF), the current PB Ratio is 0.76 as of Jul. 05, 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 Property For Industry (PYIYF) Overvalued in 2026?
Based on GuruFocus' analysis, Property For Industry stock appears to be overvalued.
The current stock price of $1.26 is trading 4.1% above its estimated GF Value™ of $1.21.
Key valuation signals for PYIYF:
PB Ratio: 0.76 (22% below median its 10-year median of 0.97)
GF Value™: $1.21 vs. price of $1.26 (4.1% above fair value)
Industry Position: 12.6% below the REITs median (#426 of 931)
No single metric tells the full story. See the PYIYF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Property For Industry Ltd is a New Zealand-based industrial property investment company. The company's portfolio is predominantly composed of industrial properties. Its investment properties are solely located in New Zealand, with the majority in Auckland and the remaining in other New Zealand cities. Its tenants encompass large enterprises such as Fisher and Paykel Appliances, Fletcher Building Products, Brambles, and Cottonsoft, among others. Rental and management fee income represents nearly all of its operating revenue.
79GF Score
Get the complete analysis for PYIYF
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