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Healthpeak PropertiesDOC -2.27%78 Price-to-Tangible-Book is 2.18 as of Jul. 30, 2026, which is 5% below its 10-year median of 2.29. GuruFocus rates DOC with a GF Score™ of 78/100 and a GF Value™ of $19.73 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 905 REITs companies, Healthpeak Properties ranks worse than 92.04% 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.
Healthpeak Properties Price-to-Tangible-Book Related Terms
Healthpeak Properties Price-to-Tangible-Book Historical Data
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The historical data trend for Healthpeak Properties'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.
DOC vs OHI, AHR, CTRE: Price-to-Tangible-Book Comparison
For the REIT - Healthcare Facilities subindustry, Healthpeak Properties'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.
Healthpeak Properties Price-to-Tangible-Book vs REITs Industry
For the REITs industry and Real Estate sector, Healthpeak Properties's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Healthpeak Properties'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.
Healthpeak Properties (DOC) has a Price-to-Tangible-Book of 2.18 as of Jul. 30, 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 Healthpeak Properties and its competitors. This is near median its historical median of 2.29. Over the past decade, Healthpeak Properties' Price-to-Tangible-Book has ranged from 1.63 to 3.24. According to the industry distribution chart, Healthpeak Properties ranks #833 out of 905 companies in the REITs industry, placing it in the top 92%.
Is Healthpeak Properties' Price-to-Tangible-Book too high?
Healthpeak Properties' current Price-to-Tangible-Book of 2.18 is near median its 10-year median of 2.29. Over the past 10 years, this metric has ranged from a low of 1.63 to a high of 3.24. The REITs industry median Price-to-Tangible-Book is 0.86. Healthpeak Properties' value of 2.18 is 153.5% above this industry median. Based on the distribution chart, Healthpeak Properties ranks #833 out of 905 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Healthpeak Properties has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Healthpeak Properties' Price-to-Tangible-Book compare to OHI and AHR?
According to the REITs industry distribution chart, Healthpeak Properties ranks #833 out of 905 companies for Price-to-Tangible-Book. This places Healthpeak Properties in the lower half of its industry. The industry median Price-to-Tangible-Book is 0.86. Healthpeak Properties' value of 2.18 is 153.5% above this benchmark. Historically, Healthpeak Properties' own Price-to-Tangible-Book has ranged from 1.63 to 3.24 over the past decade. While the company's 10-year median is 2.29 vs. the industry median of 0.86, Healthpeak Properties has consistently been above the industry average. 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 0.86, based on 905 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. Healthpeak Properties's current Price-to-Tangible-Book of 2.18 is 153.5% 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 Healthpeak Properties and its competitors. For the REITs industry, the median Price-to-Tangible-Book is 0.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Healthpeak Properties's current Price-to-Tangible-Book is 2.18, which is near median its own 10-year median of 2.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Healthpeak Properties stock overvalued right now?
Based on GuruFocus' analysis, Healthpeak Properties (DOC) is currently considered Modestly Overvalued. The stock's GF Value™ is $19.73, compared to a current price of $21.97 — trading 11.4% above its estimated fair value. The current Price-to-Tangible-Book is 2.18, which is near median its 10-year median of 2.29 and 153.5% above the REITs industry median of 0.86. Healthpeak Properties' overall GF Score™ is 78/100 with 10 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 Healthpeak Properties (DOC), the current Price-to-Tangible-Book is 2.18 as of Jul. 30, 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 Healthpeak Properties (DOC) Overvalued in 2026?
Based on GuruFocus' analysis, Healthpeak Properties stock appears to be overvalued.
The current stock price of $21.97 is trading 11.4% above its estimated GF Value™ of $19.73.
GuruFocus considers Healthpeak Properties to be Modestly Overvalued.
Key valuation signals for DOC:
Price-to-Tangible-Book: 2.18 (near median its 10-year median of 2.29)
GF Value™: $19.73 vs. price of $21.97 (11.4% above fair value)
Industry Position: 153.5% above the REITs median (#833 of 905)
No single metric tells the full story. See the DOC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Healthpeak owns a diversified healthcare portfolio of approximately 700 in-place properties spread across mainly medical office and life science assets, plus a handful of senior housing, hospital, and skilled nursing/post-acute care assets, as well.
78GF Score
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