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STU:1IK'
s PB Ratio Range Over the Past 10 Years
Min: 0.7 Med: 1.62 Max: 5.06
Current: 1
During the past 10 years, Innovative Industrial Properties's highest PB Ratio was 5.06. The lowest was 0.70. And the median was 1.62.
STU:1IK's PB Ratio is ranked worse than 64.32% of 922
companies
in the REITs industry
Industry Median: 0.86
vs STU:1IK: 1.00
During the past 12 months, Innovative Industrial Properties's average Book Value Per Share Growth Rate was -5.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -2.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.90% per year.
During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of Innovative Industrial Properties was 54.80% per year. The lowest was -2.70% per year. And the median was 18.10% per year.
Back to Basics: PB Ratio
Innovative Industrial Properties (STU:1IK) 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.
Innovative Industrial Properties PB Ratio Related Terms
Innovative Industrial Properties 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.
For the REIT - Industrial subindustry, Innovative Industrial Properties'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.
Innovative Industrial Properties PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Innovative Industrial Properties's PB Ratio distribution charts can be found below:
* The bar in red indicates where Innovative Industrial Properties's PB Ratio falls into.
Innovative Industrial Properties 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.
Innovative Industrial Properties (STU:1IK) has a PB Ratio of 1.01 as of Jul. 22, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Innovative Industrial Properties and its competitors. This is 38% below median its historical median of 1.62. Over the past decade, Innovative Industrial Properties' PB Ratio has ranged from 0.70 to 5.06. According to the industry distribution chart, Innovative Industrial Properties ranks #593 out of 922 companies in the REITs industry, placing it in the top 64.3%.
Is Innovative Industrial Properties' PB Ratio too high?
Innovative Industrial Properties' current PB Ratio of 1.01 is 38% below median its 10-year median of 1.62. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 5.06. The REITs industry median PB Ratio is 0.86. Innovative Industrial Properties' value of 1.01 is 17.4% above this industry median. Based on the distribution chart, Innovative Industrial Properties ranks #593 out of 922 companies in the REITs industry, which is below the industry midpoint. Overall, Innovative Industrial Properties has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Innovative Industrial Properties' PB Ratio compare to SMA and ILPT?
According to the REITs industry distribution chart, Innovative Industrial Properties ranks #593 out of 922 companies for PB Ratio. This places Innovative Industrial Properties in the lower half of its industry. The industry median PB Ratio is 0.86. Innovative Industrial Properties' value of 1.01 is 17.4% above this benchmark. Historically, Innovative Industrial Properties' own PB Ratio has ranged from 0.70 to 5.06 over the past decade. While the company's 10-year median is 1.62 vs. the industry median of 0.86, Innovative Industrial Properties 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 0.86, based on 922 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. Innovative Industrial Properties's current PB Ratio of 1.01 is 17.4% 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 Innovative Industrial Properties and its competitors. For the REITs industry, the median PB Ratio is 0.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innovative Industrial Properties's current PB Ratio is 1.01, which is 38% below median its own 10-year median of 1.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innovative Industrial Properties stock overvalued right now?
Based on GuruFocus' analysis, Innovative Industrial Properties (STU:1IK) is currently considered Fairly Valued. The stock's GF Value™ is €56.61, compared to a current price of €55.20 — trading 2.5% below its estimated fair value. The current PB Ratio is 1.01, which is 38% below median its 10-year median of 1.62 and 17.4% above the REITs industry median of 0.86. Innovative Industrial Properties' overall GF Score™ is 77/100 with 12 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 Innovative Industrial Properties (STU:1IK), the current PB Ratio is 1.01 as of Jul. 22, 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 Innovative Industrial Properties (STU:1IK) Overvalued in 2026?
Based on GuruFocus' analysis, Innovative Industrial Properties stock appears to be undervalued.
The current stock price of €55.20 is trading 2.5% below its estimated GF Value™ of €56.61.
GuruFocus considers Innovative Industrial Properties to be Fairly Valued.
Key valuation signals for STU:1IK:
PB Ratio: 1.01 (38% below median its 10-year median of 1.62)
GF Value™: €56.61 vs. price of €55.20 (2.5% below fair value)
Industry Position: 17.4% above the REITs median (#593 of 922)
No single metric tells the full story. See the STU:1IK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Innovative Industrial Properties Business Description
Innovative Industrial Properties Inc is a real estate investment trust focused on the acquisition, ownership and management of specialized industrial and commercial properties in the United States. Its properties are prominently leased to state-licensed operators for their regulated cannabis facilities. The company conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by its Operating Partnership, directly or through subsidiaries. Its segments are: Cannabis Portfolio and Life Science Portfolio, with the majority of revenue coming from the Cannabis Portfolio segment, which involves acquiring, developing, and leasing real estate to regulated cannabis operators on long-term triple-net leases.
77GF Score
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