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Independence Realty TrustFRA:5O2 72 Price-to-Tangible-Book is 1.11 as of Jul. 22, 2026, which is 17% below its 10-year median of 1.34. GuruFocus rates FRA:5O2 with a GF Score™ of 72/100 and a GF Value™ of €14.36. The stock has 6 warning signs investors should review. Among 912 REITs companies, Independence Realty Trust ranks worse than 74.45% 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.
Independence Realty Trust Price-to-Tangible-Book Related Terms
Independence Realty Trust Price-to-Tangible-Book Historical Data
* 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.
FRA:5O2 vs MRP, JAN, UMH: Price-to-Tangible-Book Comparison
For the REIT - Residential subindustry, Independence Realty Trust'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.
Independence Realty Trust Price-to-Tangible-Book vs REITs Industry
For the REITs industry and Real Estate sector, Independence Realty Trust's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Independence Realty Trust'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.
Independence Realty Trust (FRA:5O2) has a Price-to-Tangible-Book of 1.11 as of Jul. 22, 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 Independence Realty Trust and its competitors. This is 17% below median its historical median of 1.34. Over the past decade, Independence Realty Trust's Price-to-Tangible-Book has ranged from 0.90 to 2.87. According to the industry distribution chart, Independence Realty Trust ranks #679 out of 912 companies in the REITs industry, placing it in the top 74.5%.
Is Independence Realty Trust's Price-to-Tangible-Book too high?
Independence Realty Trust's current Price-to-Tangible-Book of 1.11 is 17% below median its 10-year median of 1.34. Over the past 10 years, this metric has ranged from a low of 0.90 to a high of 2.87. The REITs industry median Price-to-Tangible-Book is 0.87. Independence Realty Trust's value of 1.11 is 27.6% above this industry median. Based on the distribution chart, Independence Realty Trust ranks #679 out of 912 companies in the REITs industry, which is below the industry midpoint. Overall, Independence Realty Trust has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Independence Realty Trust's Price-to-Tangible-Book compare to MRP and JAN?
According to the REITs industry distribution chart, Independence Realty Trust ranks #679 out of 912 companies for Price-to-Tangible-Book. This places Independence Realty Trust in the lower half of its industry. The industry median Price-to-Tangible-Book is 0.87. Independence Realty Trust's value of 1.11 is 27.6% above this benchmark. Historically, Independence Realty Trust's own Price-to-Tangible-Book has ranged from 0.90 to 2.87 over the past decade. While the company's 10-year median is 1.34 vs. the industry median of 0.87, Independence Realty Trust 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 0.87, based on 912 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. Independence Realty Trust's current Price-to-Tangible-Book of 1.11 is 27.6% 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 Independence Realty Trust and its competitors. For the REITs industry, the median Price-to-Tangible-Book is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Independence Realty Trust's current Price-to-Tangible-Book is 1.11, which is 17% below median its own 10-year median of 1.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Independence Realty Trust stock overvalued right now?
Independence Realty Trust (FRA:5O2) has a current Price-to-Tangible-Book of 1.11. The stock's GF Value™ is €14.36, compared to a current price of €13.80 — trading 3.9% below its estimated fair value. The current Price-to-Tangible-Book is 1.11, which is 17% below median its 10-year median of 1.34 and 27.6% above the REITs industry median of 0.87. Independence Realty Trust's overall GF Score™ is 72/100 with 6 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 Independence Realty Trust (FRA:5O2), the current Price-to-Tangible-Book is 1.11 as of Jul. 22, 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 Independence Realty Trust (FRA:5O2) Overvalued in 2026?
Based on GuruFocus' analysis, Independence Realty Trust stock appears to be undervalued.
The current stock price of €13.80 is trading 3.9% below its estimated GF Value™ of €14.36.
Key valuation signals for FRA:5O2:
Price-to-Tangible-Book: 1.11 (17% below median its 10-year median of 1.34)
GF Value™: €14.36 vs. price of €13.80 (3.9% below fair value)
Industry Position: 27.6% above the REITs median (#679 of 912)
No single metric tells the full story. See the FRA:5O2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Independence Realty Trust Inc is a real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It owns and operates multifamily apartment properties, across non-gateway U.S markets, including Atlanta, Columbus, Dallas, Denver, Houston, Indianapolis, Nashville, Oklahoma City, Raleigh-Durham, and Tampa. The company is focused on gaining scale within key amenity-rich submarkets that offer school districts, retail, and various employment centers.
72GF Score
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