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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.
Waypoint REIT Price-to-Tangible-Book Related Terms
Waypoint REIT Price-to-Tangible-Book Historical Data
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The historical data trend for Waypoint 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.
ASX:WPR vs EQIX, AMT, DLR: Price-to-Tangible-Book Comparison
For the REIT - Specialty subindustry, Waypoint 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.
Waypoint REIT Price-to-Tangible-Book vs REITs Industry
For the REITs industry and Real Estate sector, Waypoint REIT's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Waypoint 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.
Waypoint REIT (ASX:WPR) has a Price-to-Tangible-Book of 0.77 as of Sep. 15, 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 Waypoint REIT and its competitors. According to the industry distribution chart, Waypoint REIT ranks #391 out of 909 companies in the REITs industry, placing it in the top 43%.
Is Waypoint REIT's Price-to-Tangible-Book too high?
Waypoint REIT's current Price-to-Tangible-Book is 0.77. The REITs industry median Price-to-Tangible-Book is 0.84. Waypoint REIT's value of 0.77 is 8.3% below this industry median. Based on the distribution chart, Waypoint REIT ranks #391 out of 909 companies in the REITs industry, which is above the industry midpoint. Overall, Waypoint REIT has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Waypoint REIT's Price-to-Tangible-Book compare to EQIX and AMT?
According to the REITs industry distribution chart, Waypoint REIT ranks #391 out of 909 companies for Price-to-Tangible-Book. This puts Waypoint REIT in the upper half of its industry. The industry median Price-to-Tangible-Book is 0.84. Waypoint REIT's value of 0.77 is 8.3% below 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. Waypoint REIT's current Price-to-Tangible-Book of 0.77 is 8.3% 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 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 Waypoint 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. Waypoint REIT's current Price-to-Tangible-Book is 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waypoint REIT stock overvalued right now?
Based on GuruFocus' analysis, Waypoint REIT (ASX:WPR) is currently considered Modestly Undervalued. The stock's GF Value™ is A$2.54, compared to a current price of A$2.24 — trading 11.8% below its estimated fair value. The current Price-to-Tangible-Book is 0.77 and 8.3% below the REITs industry median of 0.84. Waypoint REIT's overall GF Score™ is 71/100 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 Waypoint REIT (ASX:WPR), the current Price-to-Tangible-Book is 0.77 as of Sep. 15, 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 Waypoint REIT (ASX:WPR) Overvalued in 2026?
Based on GuruFocus' analysis, Waypoint REIT stock appears to be undervalued.
The current stock price of A$2.24 is trading 11.8% below its estimated GF Value™ of A$2.54.
GuruFocus considers Waypoint REIT to be Modestly Undervalued.
Key valuation signals for ASX:WPR:
Price-to-Tangible-Book: 0.77
GF Value™: A$2.54 vs. price of A$2.24 (11.8% below fair value)
Industry Position: 8.3% below the REITs median (#391 of 909)
No single metric tells the full story. See the ASX:WPR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Waypoint REIT owns a AUD 3 billion portfolio of service station properties across Australia. About 80% of the portfolio by value is in capital cities and other major urban areas, with about 10% on highways and a similar proportion in small towns. About 95% of rental income comes from ASX-listed Viva Energy, and 90% of the leases are triple net, where the tenant pays all property outgoings. Management is internal.
71GF Score
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