National Storage REIT (ASX:NSR) PB Ratio : 10.09 (As of Apr. 30, 2024)

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What is National Storage REIT PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-04-30), National Storage REIT's share price is A$2.16. National Storage REIT's Book Value per Share for the quarter that ended in Dec. 2023 was A$0.21. Hence, National Storage REIT's PB Ratio of today is 10.09.

The historical rank and industry rank for National Storage REIT's PB Ratio or its related term are showing as below:

ASX:NSR' s PB Ratio Range Over the Past 10 Years
Min: 8.38 Med: 13.82 Max: 19.24
Current: 10.09

During the past 10 years, National Storage REIT's highest PB Ratio was 19.24. The lowest was 8.38. And the median was 13.82.

ASX:NSR's PB Ratio is ranked worse than
98.94% of 850 companies
in the REITs industry
Industry Median: 0.84 vs ASX:NSR: 10.09

During the past 12 months, National Storage REIT's average Book Value Per Share Growth Rate was 13.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 12.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 6.20% per year.

During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of National Storage REIT was 20.40% per year. The lowest was 0.40% per year. And the median was 12.00% per year.

Back to Basics: PB Ratio

National Storage REIT PB Ratio Historical Data

The historical data trend for National Storage REIT's PB Ratio 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.

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National Storage REIT PB Ratio Chart

National Storage REIT Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

PB Ratio

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10.18

13.02

13.38

12.37

11.63

National Storage REIT Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial															17.05	12.37	12.34	11.63	10.75

Competitive Comparison of National Storage REIT's PB Ratio

For the REIT - Industrial subindustry, National Storage REIT's PB Ratio, along with its competitors' market caps and PB Ratio 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.

National Storage REIT's PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, National Storage REIT's PB Ratio distribution charts can be found below:

* The bar in red indicates where National Storage REIT's PB Ratio falls into.

National Storage REIT PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

National Storage REIT's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	2.16	/	0.214
	=	10.09

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

National Storage REIT (ASX:NSR) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

National Storage REIT PB Ratio Related Terms

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National Storage REIT (ASX:NSR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » National Storage REIT (ASX:NSR) » Definitions » PB Ratio

Comparable Companies

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NTSGF:USA

Address

1 Eagle Street, Level 16, Brisbane, QLD, AUS, 4000

Website

https://www.nationalstorageinvest.com.au

National Storage REIT is the largest self-storage provider in Australia and New Zealand. Most of its properties are owned and operated, but it also has long-term leaseholds. Most NSR centres are in city fringe, suburban and regional areas. The industry is fragmented, mostly comprising single site owners, while the largest three players, NSR, privately owned Kennards, and the listed Abacus Storage King operate over a third of the market. NSR plans to continue acquiring and developing self-storage centres, consolidating the fragmented industry, as well generating organic growth via dynamic pricing and occupancy management. However, its large rivals are competing via similar strategies.