Question 1

What is Simon Property Group's P/B ratio?

Accepted Answer

Simon Property Group (SPG) P/B ratio is 15.1× 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 Simon Property Group?

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 Simon Property Group specifically, the relevant sector benchmark is the current sector median of 2.0×.

Question 5

Is Simon Property Group's P/B ratio high or low?

Accepted Answer

Simon Property Group's P/B ratio of 15.1× is below its own 5-year average of 15.2× and above the sector median of 2.0×. That places the current reading at the 52th 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 Simon Property Group's historical P/B ratio range?

Accepted Answer

In the available daily series, Simon Property Group (SPG) P/B ratio has ranged from a low of 2.3× in 2002 to a high of 28.1× in 2026. The 5-year average is 15.2× and the 5-year median is 13.3×.

Question 7

What was Simon Property Group's P/B ratio in 2025?

Accepted Answer

Simon Property Group (SPG) P/B ratio at the end of 2025 was 11.6×. 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 Simon Property Group'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	$60.3B	$5.21B	11.6×	-7.5×	Dec 31, 2025
2024	$56.2B	$2.94B	19.1×	+3.7×	Dec 31, 2024
2023	$46.5B	$3.02B	15.4×	+3.1×	Dec 31, 2023
2022	$38.4B	$3.14B	12.2×	-3.4×	Dec 31, 2022
2021	$52.5B	$3.36B	15.6×	+6.4×	Dec 31, 2021
2020	$28B	$3.04B	9.2×	-8.9×	Dec 31, 2020
2019	$45.8B	$2.53B	18.1×	+2.4×	Dec 31, 2019
2018	$52B	$3.3B	15.8×	+1.3×	Dec 31, 2018
2017	$53.4B	$3.69B	14.5×	+1.6×	Dec 31, 2017
2016	$55.7B	$4.31B	12.9×	-0.5×	Dec 31, 2016
2015	$60.2B	$4.47B	13.5×	+2.3×	Dec 31, 2015
2014	$56.6B	$5.09B	11.1×	+3.5×	Dec 31, 2014
2013	$44.4B	$5.85B	7.6×	-0.2×	Dec 31, 2013
2012	$46B	$5.91B	7.8×	+0.1×	Dec 31, 2012
2011	$35.6B	$4.65B	7.7×	+2.0×	Dec 31, 2011
2010	$27.4B	$4.83B	5.7×	+0.9×	Dec 31, 2010
2009	$21.3B	$4.46B	4.8×	+1.0×	Dec 31, 2009
2008	$11.4B	$3.04B	3.7×	-1.4×	Dec 31, 2008
2007	$18.2B	$3.56B	5.1×	-0.1×	Dec 31, 2007
2006	$20.9B	$3.98B	5.2×	+1.5×	Dec 31, 2006
2005	$15.9B	$4.31B	3.7×	-0.3×	Dec 31, 2005
2004	$12.9B	$3.26B	4.0×	+0.1×	Dec 31, 2004
2003	$8.61B	$2.22B	3.9×	+1.6×	Dec 31, 2003
2002	$5.97B	$2.59B	2.3×	—	Dec 31, 2002


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×
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 Simon Property Group (SPG) 2002-2026

P/B Ratio daily chart for Simon Property Group (SPG)

Historical P/B Ratio for Simon Property Group (SPG) from 2002 to 2025

About P/B Ratio at Simon Property Group (SPG)

Simon Property Group P/B Ratio by Year

Simon Property Group P/B Ratio 2025: 11.6×

Simon Property Group P/B Ratio 2024: 19.1×

Simon Property Group P/B Ratio 2023: 15.4×

Simon Property Group P/B Ratio 2022: 12.2×

Simon Property Group P/B Ratio 2021: 15.6×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Simon Property Group (SPG) Key Financials