Workspace GroupWKPPF 71 PB Ratio is 0.50 as of Jul. 04, 2026, which is 30% below its 10-year median of 0.71. GuruFocus rates WKPPF with a GF Score™ of 71/100 and a GF Value™ of $6.20 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 929 REITs companies, Workspace Group ranks better than 85.25% 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 (2026-07-04), Workspace Group's share price is $4.60. Workspace Group's Book Value per Share for the quarter that ended in Mar. 2026 was $9.21. Hence, Workspace Group's PB Ratio of today is 0.50.
The historical rank and industry rank for Workspace Group's PB Ratio or its related term are showing as below:
WKPPF'
s PB Ratio Range Over the Past 10 Years
Min: 0.37 Med: 0.71 Max: 1.19
Current: 0.48
During the past 13 years, Workspace Group's highest PB Ratio was 1.19. The lowest was 0.37. And the median was 0.71.
WKPPF's PB Ratio is ranked better than 85.25% of 929
companies
in the REITs industry
Industry Median: 0.87
vs WKPPF: 0.48
During the past 12 months, Workspace Group's average Book Value Per Share Growth Rate was -11.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -9.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -6.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -3.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Workspace Group was 39.40% per year. The lowest was -53.70% per year. And the median was 12.80% per year.
Back to Basics: PB Ratio
Workspace Group (OTCPK:WKPPF) 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.
Workspace Group PB Ratio Related Terms
Workspace Group PB Ratio Historical Data
* Premium members only.
The historical data trend for Workspace Group'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 - Office subindustry, Workspace Group'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.
Workspace Group PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Workspace Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Workspace Group'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.
Workspace Group'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.
Workspace Group (WKPPF) has a PB Ratio of 0.50 as of Jul. 04, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Workspace Group and its competitors. This is 30% below median its historical median of 0.71. Over the past decade, Workspace Group's PB Ratio has ranged from 0.37 to 1.19. According to the industry distribution chart, Workspace Group ranks #137 out of 929 companies in the REITs industry, placing it in the top 14.7%.
Is Workspace Group's PB Ratio too high?
Workspace Group's current PB Ratio of 0.50 is 30% below median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 1.19. The REITs industry median PB Ratio is 0.87. Workspace Group's value of 0.50 is 42.5% below this industry median. Based on the distribution chart, Workspace Group ranks #137 out of 929 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Workspace Group has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Workspace Group's PB Ratio compare to BXP and ARE?
According to the REITs industry distribution chart, Workspace Group ranks #137 out of 929 companies for PB Ratio. This places Workspace Group in the top 15% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.87. Workspace Group's value of 0.50 is 42.5% below this benchmark. Historically, Workspace Group's own PB Ratio has ranged from 0.37 to 1.19 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 0.87, Workspace Group 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 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. Workspace Group's current PB Ratio of 0.50 is 42.5% 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 Workspace Group 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. Workspace Group's current PB Ratio is 0.50, which is 30% below median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Workspace Group stock overvalued right now?
Based on GuruFocus' analysis, Workspace Group (WKPPF) is currently considered Modestly Undervalued. The stock's GF Value™ is $6.20, compared to a current price of $4.60 — trading 25.8% below its estimated fair value. The current PB Ratio is 0.50, which is 30% below median its 10-year median of 0.71 and 42.5% below the REITs industry median of 0.87. Workspace Group's overall GF Score™ is 71/100 with 4 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 Workspace Group (WKPPF), the current PB Ratio is 0.50 as of Jul. 04, 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 Workspace Group (WKPPF) Overvalued in 2026?
Based on GuruFocus' analysis, Workspace Group stock appears to be undervalued.
The current stock price of $4.60 is trading 25.8% below its estimated GF Value™ of $6.20.
GuruFocus considers Workspace Group to be Modestly Undervalued.
Key valuation signals for WKPPF:
PB Ratio: 0.50 (30% below median its 10-year median of 0.71)
GF Value™: $6.20 vs. price of $4.60 (25.8% below fair value)
Industry Position: 42.5% below the REITs median (#137 of 929)
No single metric tells the full story. See the WKPPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Workspace Group PLC is a real estate investment trust engaged in the acquisition, design, development, and ownership of office buildings throughout London. The company mainly focuses on leasing office properties to new and growing companies. The real estate assets in Workspace's portfolio are clustered around the London area of Farringdon and elsewhere in northern and central London. The company derives the vast majority of its income in the form of rental revenue from tenants organized into short-term leases. Workspace's tenants include marketing, business consultancy, fashion, finance, software, and architectural firms.
71GF Score
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