FSV (FirstService) Price-to-Tangible-Book: (As of Sep. 06, 2026)

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FSV FirstService Corp FSV
80 GF Score
Price $144.26
GF Value $189.84
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is FirstService Price-to-Tangible-Book?

As of today (2026-09-06), FirstService's share price is $144.26. FirstService's Tangible Book per Share of Jun. 2026 for the quarter that ended in Jun. 2026 was $-22.91. Hence, FirstService's Price to Tangible Book Ratio of today is .

The historical rank and industry rank for FirstService's Price-to-Tangible-Book or its related term are showing as below:

FSV's Price-to-Tangible-Book is not ranked *
in the Real Estate industry.
Industry Median: 0.84
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, FirstService's share price is $144.26. FirstService's Book Value per Sharefor the quarter that ended in Jun. 2026 was $27.59. Hence, FirstService's P/B Ratio of today is 5.23.

Be Aware

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.

FirstService Price-to-Tangible-Book Related Terms

FirstService Price-to-Tangible-Book Historical Data

* Premium members only.

The historical data trend for FirstService'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.

FirstService Price-to-Tangible-Book Chart

FirstService Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

FirstService Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

FSV vs CBRE, BEKE, JLL: Price-to-Tangible-Book Comparison

For the Real Estate Services subindustry, FirstService'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.

FirstService Price-to-Tangible-Book vs Real Estate Industry

For the Real Estate industry and Real Estate sector, FirstService's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where FirstService's Price-to-Tangible-Book falls into.


FSV
80GF Score
FirstService Corp FSV
Price-to-Tangible-Book is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

FirstService Price-to-Tangible-Book Calculation

FirstService's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Jun. 2026 )
=144.26/-22.91
=

* 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:

Price to Tangible Book=Market Cap/Tangible Equity
=Market Cap/(Total Stockholders Equity-Preferred Stock-Intangible Assets)

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.

Is FirstService (FSV) Overvalued in 2026?

Based on GuruFocus' analysis, FirstService stock appears to be undervalued. The current stock price of $144.26 is trading 24% below its estimated GF Value™ of $189.84. GuruFocus considers FirstService to be Modestly Undervalued.

Key valuation signals for FSV:

  • Price-to-Tangible-Book:
  • GF Value™: $189.84 vs. price of $144.26 (24% below fair value)
  • GF Score™: 80/100 with 3 warning signs

No single metric tells the full story. See the FSV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

FirstService Business Description

Other Exchanges 1GIA:GermanyFSV:Canada
Address 1255 Bay Street, Suite 600, Toronto, ON, CAN, M5R 2A9
FirstService Corp is engaged in outsourcing property services. The company operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high and low-rise condominiums and co-operatives. FirstService Brands generates the majority of the company's revenue and provides property services to residential and commercial customers through the following brands: California Closets; Paul Davis Restoration; CertaPro Painters, Floor Coverings International, and Pillar to Post Home Inspectors. The company earns the majority of its revenue in the United States, with the remaining revenue generated in Canada.
80GF Score

Get the complete analysis for FSV

Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$144.26
Price
$189.84
GF Value