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As of today (2026-09-22), MREIT's share price is ₱13.48. MREIT's Tangible Book per Share of Jun. 2026 for the quarter that ended in Jun. 2026 was ₱17.70. Hence, MREIT's Price to Tangible Book Ratio of today is 0.76.
The historical rank and industry rank for MREIT's Price-to-Tangible-Book or its related term are showing as below:
PHS:MREIT'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.63 Med: 0.74 Max: 0.96
Current: 0.76
During the past 9 years, MREIT's highest Price to Tangible Book Ratio was 0.96. The lowest was 0.63. And the median was 0.74.
PHS:MREIT's Price-to-Tangible-Book is ranked better than 60.73% of 909
companies
in the REITs industry
Industry Median: 0.84
vs PHS:MREIT: 0.76
A closely related ratio is called PB Ratio. As of today, MREIT's share price is ₱13.48. MREIT's Book Value per Sharefor the quarter that ended in Jun. 2026 was ₱17.70. Hence, MREIT's P/B Ratio of today is 0.76.
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.
MREIT Price-to-Tangible-Book Related Terms
MREIT Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for MREIT'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.
PHS:MREIT vs BXP, ARE, VNO: Price-to-Tangible-Book Comparison
For the REIT - Office subindustry, MREIT'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.
MREIT Price-to-Tangible-Book vs REITs Industry
For the REITs industry and Real Estate sector, MREIT's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where MREIT'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.
MREIT (PHS:MREIT) has a Price-to-Tangible-Book of 0.76 as of Sep. 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 MREIT and its competitors. According to the industry distribution chart, MREIT ranks #357 out of 909 companies in the REITs industry, placing it in the top 39.3%.
Is MREIT's Price-to-Tangible-Book too high?
MREIT's current Price-to-Tangible-Book is 0.76. The REITs industry median Price-to-Tangible-Book is 0.84. MREIT's value of 0.76 is 9.5% below this industry median. Based on the distribution chart, MREIT ranks #357 out of 909 companies in the REITs industry, which is above the industry midpoint. Overall, MREIT has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MREIT's Price-to-Tangible-Book compare to BXP and ARE?
According to the REITs industry distribution chart, MREIT ranks #357 out of 909 companies for Price-to-Tangible-Book. This puts MREIT in the upper half of its industry. The industry median Price-to-Tangible-Book is 0.84. MREIT's value of 0.76 is 9.5% below 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 909 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. MREIT's current Price-to-Tangible-Book of 0.76 is 9.5% below 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 MREIT 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. MREIT's current Price-to-Tangible-Book is 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MREIT stock overvalued right now?
Based on GuruFocus' analysis, MREIT (PHS:MREIT) is currently considered Fairly Valued. The stock's GF Value™ is ₱14.44, compared to a current price of ₱13.48 — trading 6.6% below its estimated fair value. The current Price-to-Tangible-Book is 0.76 and 9.5% below the REITs industry median of 0.84. MREIT's overall GF Score™ is 52/100 with 3 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 MREIT (PHS:MREIT), the current Price-to-Tangible-Book is 0.76 as of Sep. 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 MREIT (PHS:MREIT) Overvalued in 2026?
Based on GuruFocus' analysis, MREIT stock appears to be undervalued.
The current stock price of ₱13.48 is trading 6.6% below its estimated GF Value™ of ₱14.44.
GuruFocus considers MREIT to be Fairly Valued.
Key valuation signals for PHS:MREIT:
Price-to-Tangible-Book: 0.76
GF Value™: ₱14.44 vs. price of ₱13.48 (6.6% below fair value)
Industry Position: 9.5% below the REITs median (#357 of 909)
No single metric tells the full story. See the PHS:MREIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MREIT Inc. is a real estate investment trust in the Philippines, sponsored by Megaworld Corporation. It owns and invests in a portfolio of income-generating commercial real estate, primarily Grade A office buildings located in Metro Manila and other key Philippine business districts. Its properties are largely leased to business process outsourcing companies, multinational corporations, and other office tenants under long-term lease agreements. The company generates revenue mainly through rental income from its office portfolio, with additional income from parking and other property-related services. MREIT is managed by an external fund manager, and its mandate is to grow its portfolio through acquisitions of income-producing assets that meet its investment criteria, including location, property grade, and tenant quality. The trust distributes a substantial portion of its income to shareholders as dividends.
52GF Score
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