Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
Australian Unity Office Fund Price-to-Tangible-Book Related Terms
Australian Unity Office Fund Price-to-Tangible-Book 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.
Australian Unity Office Fund Price-to-Tangible-Book Chart
ASX:AOF vs BXP, ARE, VNO: Price-to-Tangible-Book Comparison
For the REIT - Office subindustry, Australian Unity Office Fund'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.
Australian Unity Office Fund Price-to-Tangible-Book vs REITs Industry
For the REITs industry and Real Estate sector, Australian Unity Office Fund's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Australian Unity Office Fund'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.
Australian Unity Office Fund (ASX:AOF) has a Price-to-Tangible-Book of 0.86 as of Sep. 21, 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 Australian Unity Office Fund and its competitors.
Is Australian Unity Office Fund's Price-to-Tangible-Book too high?
Australian Unity Office Fund's current Price-to-Tangible-Book is 0.86. The REITs industry median Price-to-Tangible-Book is 0.84. Australian Unity Office Fund's value of 0.86 is 2.4% above this industry median. Overall, Australian Unity Office Fund has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Australian Unity Office Fund's Price-to-Tangible-Book compare to BXP and ARE?
Australian Unity Office Fund's Price-to-Tangible-Book of 0.86 can be compared against companies in the REITs industry. The industry median Price-to-Tangible-Book is 0.84. Australian Unity Office Fund's value of 0.86 is 2.4% 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 909 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. Australian Unity Office Fund's current Price-to-Tangible-Book of 0.86 is 2.4% 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 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 Australian Unity Office Fund 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. Australian Unity Office Fund's current Price-to-Tangible-Book is 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Australian Unity Office Fund stock overvalued right now?
Australian Unity Office Fund (ASX:AOF) has a current Price-to-Tangible-Book of 0.86. The stock's GF Value™ is A$0.11, compared to a current price of A$0.37 — trading 231.8% above its estimated fair value. The current Price-to-Tangible-Book is 0.86 and 2.4% above the REITs industry median of 0.84. Australian Unity Office Fund's overall GF Score™ is 19/100 with 2 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 Australian Unity Office Fund (ASX:AOF), the current Price-to-Tangible-Book is 0.86 as of Sep. 21, 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 Australian Unity Office Fund (ASX:AOF) Overvalued in 2026?
Based on GuruFocus' analysis, Australian Unity Office Fund stock appears to be overvalued.
The current stock price of A$0.37 is trading 231.8% above its estimated GF Value™ of A$0.11.
Key valuation signals for ASX:AOF:
Price-to-Tangible-Book: 0.86
GF Value™: A$0.11 vs. price of A$0.37 (231.8% above fair value)
No single metric tells the full story. See the ASX:AOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Australian Unity Office Fund is a Real Estate Investment Trust. Its only operating segment is investment in real estate. Geographically, it operates solely in Australia and generates revenue from rental income.
19GF Score
Get the complete analysis for ASX:AOF
Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:AOF has been successfully added to your 
