Question 1

What is Healthpeak Properties's P/B ratio?

Accepted Answer

Healthpeak Properties (DOC) P/B ratio is 2.0× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Healthpeak Properties?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Healthpeak Properties specifically, the relevant sector benchmark is the current sector median of 2.0×.

Question 5

Is Healthpeak Properties's P/B ratio high or low?

Accepted Answer

Healthpeak Properties's P/B ratio of 2.0× is above its own 5-year average of 1.9× and below the sector median of 2.0×. That places the current reading at the 69th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Healthpeak Properties's historical P/B ratio range?

Accepted Answer

In the available daily series, Healthpeak Properties (DOC) P/B ratio has ranged from a low of 1.3× in 2024 to a high of 1059.2× in 2012. The 5-year average is 1.9× and the 5-year median is 1.7×.

Question 7

What was Healthpeak Properties's P/B ratio in 2025?

Accepted Answer

Healthpeak Properties (DOC) P/B ratio at the end of 2025 was 1.5×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does Healthpeak Properties's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$11.2B	$7.5B	1.5×	-0.2×	Dec 31, 2025
2024	$14.2B	$8.4B	1.7×	-0.0×	Dec 31, 2024
2023	$10.8B	$6.35B	1.7×	-0.3×	Dec 31, 2023
2022	$13.5B	$6.65B	2.0×	-1.0×	Dec 31, 2022
2021	$19.5B	$6.52B	3.0×	+0.6×	Dec 31, 2021
2020	$16.3B	$6.73B	2.4×	-0.4×	Dec 31, 2020
2019	$17.1B	$6.09B	2.8×	-2.7×	Dec 31, 2019
2018	$13.2B	$2.38B	5.6×	+0.6×	Dec 31, 2018
2017	$12.2B	$2.47B	4.9×	-3.1×	Dec 31, 2017
2016	$13.9B	$1.74B	8.0×	-9.4×	Dec 31, 2016
2015	$17.8B	$1.02B	17.4×	-20.5×	Dec 31, 2015
2014	$20.2B	$535M	37.8×	-40.2×	Dec 31, 2014
2013	$16.6B	$212M	78.0×	-981.1×	Dec 31, 2013
2012	$20.2B	$19.1M	1059.2×	—	Dec 31, 2012


CBRE Group (CBRE)	4.7×
UDR (UDR)	3.4×
Welltower (WELL)	3.2×
Ventas (VTR)	3.0×
Digital Realty Trust (DLR)	2.7×
Mid-America Apartment Communities (MAA)	2.6×
Camden Property Trust (CPT)	2.5×
CoStar Group (CSGP)	2.1×
Regency Centers (REG)	2.1×
Extra Space Storage (EXR)	2.1×
AvalonBay Communities (AVB)	2.0×
Host Hotels & Resorts (HST)	1.9×
STAG Industrial (STAG)	1.9×
Weyerhaeuser (WY)	1.9×
NNN REIT (NNN)	1.8×
Invitation Homes (INVH)	1.7×
BXP (BXP)	1.6×
Kimco Realty (KIM)	1.5×
Agree Realty (ADC)	1.4×
Realty Income (O)	1.4×
VICI Properties (VICI)	1.0×
Apartment Investment and Management (AIV)	0.8×
Medical Properties Trust (MPT)	0.6×
Alexandria Real Estate Equities (ARE)	0.6×
Arbor Realty Trust (ABR)	0.5×

P/B Ratio for Healthpeak Properties (DOC) 2012-2026

P/B Ratio daily chart for Healthpeak Properties (DOC)

Historical P/B Ratio for Healthpeak Properties (DOC) from 2012 to 2025

About P/B Ratio at Healthpeak Properties (DOC)

Healthpeak Properties P/B Ratio by Year

Healthpeak Properties P/B Ratio 2025: 1.5×

Healthpeak Properties P/B Ratio 2024: 1.7×

Healthpeak Properties P/B Ratio 2023: 1.7×

Healthpeak Properties P/B Ratio 2022: 2.0×

Healthpeak Properties P/B Ratio 2021: 3.0×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Healthpeak Properties (DOC) Key Financials