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Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Apple Hospitality REIT Price-to-Tangible-Book Related Terms
Apple Hospitality REIT Price-to-Tangible-Book Historical Data
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The historical data trend for Apple Hospitality REIT's Price-to-Tangible-Book 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.
Apple Hospitality REIT Price-to-Tangible-Book Chart
APLE vs PK, DRH, SHO: Price-to-Tangible-Book Comparison
For the REIT - Hotel & Motel subindustry, Apple Hospitality REIT's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.
Apple Hospitality REIT Price-to-Tangible-Book vs REITs Industry
For the REITs industry and Real Estate sector, Apple Hospitality REIT's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Apple Hospitality REIT's Price-to-Tangible-Book falls into.
* 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 PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Apple Hospitality REIT (APLE) has a Price-to-Tangible-Book of 1.20 as of Aug. 31, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Apple Hospitality REIT and its competitors. According to the industry distribution chart, Apple Hospitality REIT ranks #720 out of 904 companies in the REITs industry, placing it in the top 79.6%.
Is Apple Hospitality REIT's Price-to-Tangible-Book too high?
Apple Hospitality REIT's current Price-to-Tangible-Book is 1.20. The REITs industry median Price-to-Tangible-Book is 0.84. Apple Hospitality REIT's value of 1.20 is 42.9% above this industry median. Based on the distribution chart, Apple Hospitality REIT ranks #720 out of 904 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Apple Hospitality REIT has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Apple Hospitality REIT's Price-to-Tangible-Book compare to PK and DRH?
According to the REITs industry distribution chart, Apple Hospitality REIT ranks #720 out of 904 companies for Price-to-Tangible-Book. This places Apple Hospitality REIT in the lower half of its industry. The industry median Price-to-Tangible-Book is 0.84. Apple Hospitality REIT's value of 1.20 is 42.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a REITs company?
The median Price-to-Tangible-Book among REITs companies is 0.84, based on 904 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Apple Hospitality REIT's current Price-to-Tangible-Book of 1.20 is 42.9% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Apple Hospitality REIT and its competitors. For the REITs industry, the median Price-to-Tangible-Book is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apple Hospitality REIT's current Price-to-Tangible-Book is 1.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apple Hospitality REIT stock overvalued right now?
Based on GuruFocus' analysis, Apple Hospitality REIT (APLE) is currently considered Fairly Valued. The stock's GF Value™ is $15.12, compared to a current price of $15.95 — trading 5.5% above its estimated fair value. The current Price-to-Tangible-Book is 1.20 and 42.9% above the REITs industry median of 0.84. Apple Hospitality REIT's overall GF Score™ is 85/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Apple Hospitality REIT (APLE), the current Price-to-Tangible-Book is 1.20 as of Aug. 31, 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 Apple Hospitality REIT (APLE) Overvalued in 2026?
Based on GuruFocus' analysis, Apple Hospitality REIT stock appears to be overvalued.
The current stock price of $15.95 is trading 5.5% above its estimated GF Value™ of $15.12.
GuruFocus considers Apple Hospitality REIT to be Fairly Valued.
Key valuation signals for APLE:
Price-to-Tangible-Book: 1.20
GF Value™: $15.12 vs. price of $15.95 (5.5% above fair value)
Industry Position: 42.9% above the REITs median (#720 of 904)
No single metric tells the full story. See the APLE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apple Hospitality REIT Inc is a real estate investment trust that invests in income-producing real estate, majorly in the lodging sector, in the United States. It chiefly invests in upscale service hotels. All of the company's hotels operate under the Marriott or Hilton brands. Apple Hospitality has wholly-owned taxable REIT subsidiaries, which lease all of the company's hotels from wholly-owned qualified REIT subsidiaries. These hotels are managed under separate agreements with various hotel management companies that are unaffiliated with Apple Hospitality. The company derives its income from hotel revenue, its sole segment.
85GF Score
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