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Canadian Net REITCNNRF 74 Price-to-Tangible-Book is 1.02 as of Aug. 27, 2026. GuruFocus rates CNNRF with a GF Score™ of 74/100 and a GF Value™ of $4.04 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 900 REITs companies, Canadian Net REIT ranks worse than 69.67% 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.
Canadian Net REIT Price-to-Tangible-Book Related Terms
Canadian Net REIT Price-to-Tangible-Book Historical Data
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The historical data trend for Canadian Net 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.
CNNRF vs VICI, WPC, BNL: Price-to-Tangible-Book Comparison
For the REIT - Diversified subindustry, Canadian Net 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.
Canadian Net REIT Price-to-Tangible-Book vs REITs Industry
For the REITs industry and Real Estate sector, Canadian Net REIT's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Canadian Net 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.
Canadian Net REIT (CNNRF) has a Price-to-Tangible-Book of 1.02 as of Aug. 27, 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 Canadian Net REIT and its competitors. According to the industry distribution chart, Canadian Net REIT ranks #627 out of 900 companies in the REITs industry, placing it in the top 69.7%.
Is Canadian Net REIT's Price-to-Tangible-Book too high?
Canadian Net REIT's current Price-to-Tangible-Book is 1.02. The REITs industry median Price-to-Tangible-Book is 0.85. Canadian Net REIT's value of 1.02 is 20% above this industry median. Based on the distribution chart, Canadian Net REIT ranks #627 out of 900 companies in the REITs industry, which is below the industry midpoint. Overall, Canadian Net REIT has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Canadian Net REIT's Price-to-Tangible-Book compare to VICI and WPC?
According to the REITs industry distribution chart, Canadian Net REIT ranks #627 out of 900 companies for Price-to-Tangible-Book. This places Canadian Net REIT in the lower half of its industry. The industry median Price-to-Tangible-Book is 0.85. Canadian Net REIT's value of 1.02 is 20% 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 0.85, based on 900 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. Canadian Net REIT's current Price-to-Tangible-Book of 1.02 is 20% 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 Canadian Net REIT and its competitors. For the REITs industry, the median Price-to-Tangible-Book is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian Net REIT's current Price-to-Tangible-Book is 1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Net REIT stock overvalued right now?
Based on GuruFocus' analysis, Canadian Net REIT (CNNRF) is currently considered Modestly Overvalued. The stock's GF Value™ is $4.04, compared to a current price of $4.99 — trading 23.5% above its estimated fair value. The current Price-to-Tangible-Book is 1.02 and 20% above the REITs industry median of 0.85. Canadian Net REIT's overall GF Score™ is 74/100 with 9 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 Canadian Net REIT (CNNRF), the current Price-to-Tangible-Book is 1.02 as of Aug. 27, 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 Canadian Net REIT (CNNRF) Overvalued in 2026?
Based on GuruFocus' analysis, Canadian Net REIT stock appears to be overvalued.
The current stock price of $4.99 is trading 23.5% above its estimated GF Value™ of $4.04.
GuruFocus considers Canadian Net REIT to be Modestly Overvalued.
Key valuation signals for CNNRF:
Price-to-Tangible-Book: 1.02
GF Value™: $4.04 vs. price of $4.99 (23.5% above fair value)
Industry Position: 20% above the REITs median (#627 of 900)
No single metric tells the full story. See the CNNRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Canadian Net REIT is an open-ended trust that acquires and owns high-quality triple net and management-free commercial real estate properties. The Trust operates in one segment, commercial real estate located in Canada.
74GF Score
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