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.
Saul CentersBFS -0.43%74 Price-to-Tangible-Book is 7.26 as of Sep. 03, 2026. GuruFocus rates BFS with a GF Score™ of 74/100 and a GF Value™ of $41.01 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 896 REITs companies, Saul Centers ranks worse than 98.33% on this metric.
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.
Saul Centers Price-to-Tangible-Book Related Terms
Saul Centers Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Saul Centers'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.
BFS vs PINE, ALX, SITC: Price-to-Tangible-Book Comparison
For the REIT - Retail subindustry, Saul Centers'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.
Saul Centers Price-to-Tangible-Book vs REITs Industry
For the REITs industry and Real Estate sector, Saul Centers's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Saul Centers'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.
Saul Centers (BFS) has a Price-to-Tangible-Book of 7.26 as of Sep. 03, 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 Saul Centers and its competitors. According to the industry distribution chart, Saul Centers ranks #881 out of 896 companies in the REITs industry, placing it in the top 98.3%.
Is Saul Centers' Price-to-Tangible-Book too high?
Saul Centers' current Price-to-Tangible-Book is 7.26. The REITs industry median Price-to-Tangible-Book is 0.84. Saul Centers' value of 7.26 is 764.3% above this industry median. Based on the distribution chart, Saul Centers ranks #881 out of 896 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Saul Centers has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Saul Centers' Price-to-Tangible-Book compare to PINE and ALX?
According to the REITs industry distribution chart, Saul Centers ranks #881 out of 896 companies for Price-to-Tangible-Book. This places Saul Centers in the lower half of its industry. The industry median Price-to-Tangible-Book is 0.84. Saul Centers' value of 7.26 is 764.3% 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 896 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. Saul Centers's current Price-to-Tangible-Book of 7.26 is 764.3% 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 Saul Centers 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. Saul Centers's current Price-to-Tangible-Book is 7.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saul Centers stock overvalued right now?
Based on GuruFocus' analysis, Saul Centers (BFS) is currently considered Modestly Undervalued. The stock's GF Value™ is $41.01, compared to a current price of $32.50 — trading 20.8% below its estimated fair value. The current Price-to-Tangible-Book is 7.26 and 764.3% above the REITs industry median of 0.84. Saul Centers' overall GF Score™ is 74/100 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 Saul Centers (BFS), the current Price-to-Tangible-Book is 7.26 as of Sep. 03, 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 Saul Centers (BFS) Overvalued in 2026?
Based on GuruFocus' analysis, Saul Centers stock appears to be undervalued.
The current stock price of $32.50 is trading 20.8% below its estimated GF Value™ of $41.01.
GuruFocus considers Saul Centers to be Modestly Undervalued.
Key valuation signals for BFS:
Price-to-Tangible-Book: 7.26
GF Value™: $41.01 vs. price of $32.50 (20.8% below fair value)
Industry Position: 764.3% above the REITs median (#881 of 896)
No single metric tells the full story. See the BFS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Saul Centers Inc is a self-managed real estate investment trust which invests in, operates and develops retail and commercial properties. The company's portfolio includes community and neighbourhood shopping centres, office properties, and mixed-use properties. Properties are located in the Washington, D.C. and Batlimore metropolitan areas. Saul Centers operates through two business segments: Shopping Centers segment, which contribute the maximum portion of total revenue; and mixed-use properties.Mixed-Use Properties segment include office, retail and multi-family residential use.
74GF Score
Get the complete analysis for BFS
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
BFS has been successfully added to your 
