Digital Realty TrustDLR -1.02%86 PB Ratio is 2.98 as of Jun. 24, 2026, which is 15% above its 10-year median of 2.60. GuruFocus rates DLR with a GF Score™ of 86/100 and a GF Value™ of $166.67 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 929 REITs companies, Digital Realty Trust ranks worse than 95.05% on this metric.
Digital Realty Trust Inc stock PB Ratio (=3.01) is close to 5-year high of 3.16.
The historical rank and industry rank for Digital Realty Trust's PB Ratio or its related term are showing as below:
DLR'
s PB Ratio Range Over the Past 10 Years
Min: 1.59 Med: 2.6 Max: 5.4
Current: 2.98
During the past 13 years, Digital Realty Trust's highest PB Ratio was 5.40. The lowest was 1.59. And the median was 2.60.
DLR's PB Ratio is ranked worse than 95.05% of 929
companies
in the REITs industry
Industry Median: 0.87
vs DLR: 2.98
During the past 12 months, Digital Realty Trust's average Book Value Per Share Growth Rate was 6.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 3.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 1.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 10.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Digital Realty Trust was 53.80% per year. The lowest was -8.20% per year. And the median was 12.30% per year.
Back to Basics: PB Ratio
Digital Realty Trust (NYSE:DLR) PB Ratio Explanation
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.
Digital Realty Trust PB Ratio Related Terms
Digital Realty Trust PB Ratio Historical Data
* Premium members only.
The historical data trend for Digital Realty Trust'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.
For the REIT - Specialty subindustry, Digital Realty Trust'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.
Digital Realty Trust PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Digital Realty Trust's PB Ratio distribution charts can be found below:
* The bar in red indicates where Digital Realty Trust's PB Ratio falls into.
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.
* 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 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.
Digital Realty Trust (DLR) has a PB Ratio of 2.98 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Digital Realty Trust and its competitors. This is 15% above median its historical median of 2.60. Over the past decade, Digital Realty Trust's PB Ratio has ranged from 1.59 to 5.40. According to the industry distribution chart, Digital Realty Trust ranks #883 out of 929 companies in the REITs industry, placing it in the top 95%.
Is Digital Realty Trust's PB Ratio too high?
Digital Realty Trust's current PB Ratio of 2.98 is 15% above median its 10-year median of 2.60. Over the past 10 years, this metric has ranged from a low of 1.59 to a high of 5.40. The REITs industry median PB Ratio is 0.87. Digital Realty Trust's value of 2.98 is 242.5% above this industry median. Based on the distribution chart, Digital Realty Trust ranks #883 out of 929 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Digital Realty Trust has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Digital Realty Trust's PB Ratio compare to AMT and CCI?
According to the REITs industry distribution chart, Digital Realty Trust ranks #883 out of 929 companies for PB Ratio. This places Digital Realty Trust in the lower half of its industry. The industry median PB Ratio is 0.87. Digital Realty Trust's value of 2.98 is 242.5% above this benchmark. Historically, Digital Realty Trust's own PB Ratio has ranged from 1.59 to 5.40 over the past decade. While the company's 10-year median is 2.60 vs. the industry median of 0.87, Digital Realty Trust has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a REITs company?
The median PB Ratio among REITs companies is 0.87, based on 929 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Digital Realty Trust's current PB Ratio of 2.98 is 242.5% above 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Digital Realty Trust and its competitors. For the REITs industry, the median PB Ratio is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Digital Realty Trust's current PB Ratio is 2.98, which is 15% above median its own 10-year median of 2.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Digital Realty Trust stock overvalued right now?
Based on GuruFocus' analysis, Digital Realty Trust (DLR) is currently considered Modestly Overvalued. The stock's GF Value™ is $166.67, compared to a current price of $193.02 — trading 15.8% above its estimated fair value. The current PB Ratio is 2.98, which is 15% above median its 10-year median of 2.60 and 242.5% above the REITs industry median of 0.87. Digital Realty Trust's overall GF Score™ is 86/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Digital Realty Trust (DLR), the current PB Ratio is 2.98 as of Jun. 24, 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 Digital Realty Trust (DLR) Overvalued in 2026?
Based on GuruFocus' analysis, Digital Realty Trust stock appears to be overvalued.
The current stock price of $193.02 is trading 15.8% above its estimated GF Value™ of $166.67.
GuruFocus considers Digital Realty Trust to be Modestly Overvalued.
Key valuation signals for DLR:
PB Ratio: 2.98 (15% above median its 10-year median of 2.60)
GF Value™: $166.67 vs. price of $193.02 (15.8% above fair value)
Industry Position: 242.5% above the REITs median (#883 of 929)
No single metric tells the full story. See the DLR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Digital Realty is one of the leading providers of cloud- and carrier-neutral data centers, offering colocation and interconnection services to hyperscalers and large businesses. Digital Realty operates 300 properties in 57 metropolitan areas across 31 countries, serving 5,000 customers. Renting physical space accounts for about 90% of Digital Realty's revenue. The firm enables hyperscalers and other clients to store servers, data, and networking equipment. The other 10% of revenue is generated primarily through interconnection services (8%) and other fee income (2%).
86GF Score
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