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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.
Scentre Group Price-to-Tangible-Book Related Terms
Scentre Group Price-to-Tangible-Book Historical Data
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The historical data trend for Scentre Group'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.
ASX:SCG vs SPG, O, KIM: Price-to-Tangible-Book Comparison
For the REIT - Retail subindustry, Scentre Group'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.
Scentre Group Price-to-Tangible-Book vs REITs Industry
For the REITs industry and Real Estate sector, Scentre Group's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Scentre Group'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.
Scentre Group (ASX:SCG) has a Price-to-Tangible-Book of 0.92 as of Sep. 20, 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 Scentre Group and its competitors. According to the industry distribution chart, Scentre Group ranks #558 out of 909 companies in the REITs industry, placing it in the top 61.4%.
Is Scentre Group's Price-to-Tangible-Book too high?
Scentre Group's current Price-to-Tangible-Book is 0.92. The REITs industry median Price-to-Tangible-Book is 0.84. Scentre Group's value of 0.92 is 9.5% above this industry median. Based on the distribution chart, Scentre Group ranks #558 out of 909 companies in the REITs industry, which is below the industry midpoint. Overall, Scentre Group has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Scentre Group's Price-to-Tangible-Book compare to SPG and O?
According to the REITs industry distribution chart, Scentre Group ranks #558 out of 909 companies for Price-to-Tangible-Book. This places Scentre Group in the lower half of its industry. The industry median Price-to-Tangible-Book is 0.84. Scentre Group's value of 0.92 is 9.5% 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. Scentre Group's current Price-to-Tangible-Book of 0.92 is 9.5% 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 Scentre Group 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. Scentre Group's current Price-to-Tangible-Book is 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Scentre Group stock overvalued right now?
Based on GuruFocus' analysis, Scentre Group (ASX:SCG) is currently considered Fairly Valued. The stock's GF Value™ is A$3.41, compared to a current price of A$3.44 — trading 0.9% above its estimated fair value. The current Price-to-Tangible-Book is 0.92 and 9.5% above the REITs industry median of 0.84. Scentre Group's overall GF Score™ is 70/100 with 7 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 Scentre Group (ASX:SCG), the current Price-to-Tangible-Book is 0.92 as of Sep. 20, 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 Scentre Group (ASX:SCG) Overvalued in 2026?
Based on GuruFocus' analysis, Scentre Group stock appears to be overvalued.
The current stock price of A$3.44 is trading 0.9% above its estimated GF Value™ of A$3.41.
GuruFocus considers Scentre Group to be Fairly Valued.
Key valuation signals for ASX:SCG:
Price-to-Tangible-Book: 0.92
GF Value™: A$3.41 vs. price of A$3.44 (0.9% above fair value)
Industry Position: 9.5% above the REITs median (#558 of 909)
No single metric tells the full story. See the ASX:SCG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Scentre Group owns the largest premium shopping center portfolio in Australia and New Zealand, operating 42 Westfield malls. This includes seven of the top 10 malls in Australia by sales turnover and four of the top five in New Zealand. Westfield centers are typically one-stop shopping destinations, each with a comprehensive range of retail, service, lifestyle, and entertainment offerings. About half the retail floorspace is leased to anchor tenants, and half to specialty tenants. The vast majority of Scentre's income is derived from rents. The group also earns small management fees for managing properties and development projects on behalf of capital partners.
70GF Score
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