Question 1

What is Tanger's P/B ratio?

Accepted Answer

Tanger (SKT) P/B ratio is 6.3× as of June 5, 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 Tanger?

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 Tanger specifically, the relevant sector benchmark is the current sector median of 2.1×.

Question 5

Is Tanger's P/B ratio high or low?

Accepted Answer

Tanger's P/B ratio of 6.3× is above its own 5-year average of 4.7× and above the sector median of 2.1×. That places the current reading at the 92th 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 Tanger's historical P/B ratio range?

Accepted Answer

In the available daily series, Tanger (SKT) P/B ratio has ranged from a low of 1.4× in 2020 to a high of 7.2× in 2024. The 5-year average is 4.7× and the 5-year median is 5.0×.

Question 7

What was Tanger's P/B ratio in 2025?

Accepted Answer

Tanger (SKT) P/B ratio at the end of 2025 was 5.3×. 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 Tanger'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	$3.77B	$706.48M	5.3×	-0.5×	Dec 31, 2025
2024	$3.79B	$652.37M	5.8×	+0.6×	Dec 31, 2024
2023	$2.93B	$566.78M	5.2×	+1.4×	Dec 31, 2023
2022	$1.86B	$491.64M	3.8×	-0.4×	Dec 31, 2022
2021	$1.99B	$477.93M	4.2×	+1.5×	Dec 31, 2021
2020	$923.15M	$341.39M	2.7×	-0.4×	Dec 31, 2020
2019	$1.34B	$433.21M	3.1×	-0.8×	Dec 31, 2019
2018	$1.88B	$480.18M	3.9×	-0.3×	Dec 31, 2018
2017	$2.48B	$581.58M	4.3×	-0.8×	Dec 31, 2017
2016	$3.41B	$670.22M	5.1×	-0.3×	Dec 31, 2016
2015	$3.10B	$575.14M	5.4×	-1.6×	Dec 31, 2015
2014	$3.47B	$496.82M	7.0×	+1.3×	Dec 31, 2014
2013	$2.99B	$527.22M	5.7×	-0.9×	Dec 31, 2013
2012	$3.18B	$482.61M	6.6×	+1.1×	Dec 31, 2012
2011	$2.52B	$460.56M	5.5×	-0.1×	Dec 31, 2011
2010	$2.05B	$366.93M	5.6×	+2.4×	Dec 31, 2010
2009	$1.48B	$462.67M	3.2×	-1.9×	Dec 31, 2009
2008	$1.17B	$228.06M	5.1×	+0.5×	Dec 31, 2008
2007	$1.16B	$249.20M	4.7×	+0.3×	Dec 31, 2007
2006	$1.20B	$274.68M	4.4×	+0.9×	Dec 31, 2006
2005	$870.63M	$250.21M	3.5×	-0.8×	Dec 31, 2005
2004	$691.66M	$161.13M	4.3×	+1.2×	Dec 31, 2004
2003	$515.11M	$167.42M	3.1×	-0.1×	Dec 31, 2003
2002	$285.20M	$90.64M	3.1×	+1.0×	Dec 31, 2002
2001	$160.47M	$76.37M	2.1×	—	Dec 31, 2001


Essex Property Trust (ESS)	2.9×
Federal Realty Investment Trust (FRT)	2.8×
Digital Realty Trust (DLR)	2.7×
Mid-America Apartment Communities (MAA)	2.6×
Camden Property Trust (CPT)	2.5×
Prologis (PLD)	2.3×
CoStar Group (CSGP)	2.1×
Equity Residential (EQR)	2.1×
Regency Centers (REG)	2.1×
Extra Space Storage (EXR)	2.1×
AvalonBay Communities (AVB)	1.9×
Host Hotels & Resorts (HST)	1.9×
STAG Industrial (STAG)	1.9×
NNN REIT (NNN)	1.8×
Invitation Homes (INVH)	1.7×
BXP (BXP)	1.6×
Healthpeak Properties (DOC)	1.5×
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 Tanger (SKT)

P/B Ratio daily chart for Tanger (SKT)

Historical P/B Ratio for Tanger (SKT) from 2001 to 2025

About P/B Ratio at Tanger (SKT)

Tanger P/B Ratio by Year

Tanger P/B Ratio 2025: 5.3×

Tanger P/B Ratio 2024: 5.8×

Tanger P/B Ratio 2023: 5.2×

Tanger P/B Ratio 2022: 3.8×

Tanger P/B Ratio 2021: 4.2×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Tanger (SKT) Key Financials

P/B Ratio daily chart for Tanger (SKT)

Historical P/B Ratio for Tanger (SKT) from 2001 to 2025

About P/B Ratio at Tanger (SKT)

Tanger P/B Ratio by Year

Tanger P/B Ratio 2025: 5.3×

Tanger P/B Ratio 2024: 5.8×

Tanger P/B Ratio 2023: 5.2×

Tanger P/B Ratio 2022: 3.8×

Tanger P/B Ratio 2021: 4.2×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Tanger's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

+What is a good P/B ratio for Tanger?

+Is Tanger's P/B ratio high or low?

+What is Tanger's historical P/B ratio range?

+What was Tanger's P/B ratio in 2025?

+Why does Tanger's P/B ratio change over time?

Tanger (SKT) Key Financials