Simon Property Group, Inc.SPG

Where SPG's P/B sits inside its own 10-year distribution, with the yearly high, low and average.

$209.44-2.08 (-0.98%)Previous close
NYSEReal Estate

SPG P/B: current value, 10-year range and year-by-year history

14.4Historically pricey

SPG's p/b is higher than 82% of the last 10 years.

P/B History

Historically priceyAbove avgAround avgBelow avgHistorically cheap
SPG P/B historySPG P/B from Sep 2023 to Sep 2026: low 8.67, high 20.71, latest 14.42.7.711.214.6918.1821.67Sep 23Apr 24Nov 24Jul 25Feb 26Sep 26med 14.65

SPG P/B by year

Yearly range of SPG’s p/b from 2016 to 2026. Over the full period it ranged from 4.4 to 20.7, averaging 11.9.

SPG P/B — yearly low, average, high and year-end values
YearLowAverageHighYear-end
20268.711.416.114.4
20259.017.520.79.0
202412.114.418.015.6
20238.810.413.312.9
20227.09.212.29.5
20217.410.212.711.9
20204.49.314.67.7
201912.513.614.714.6
201810.612.414.412.9
20179.711.012.112.1
201610.011.012.510.2

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How much the market pays relative to the company's accounting net worth (assets minus liabilities). P/B < 1 means the market values the company below what the books say it owns.

FormulaPrice / Book Value Per Share
Full guide
How to read this chart

Most useful for asset-heavy businesses: banks, insurers, REITs. A P/B near its historical low suggests the market is paying unusually little for the net assets.

Key caveats
  • Goodwill and intangibles from acquisitions can inflate book value significantly — some analysts prefer tangible book value.
  • Low P/B in technology or software companies is usually irrelevant: their value is in IP and people, not balance sheet assets.

Is SPG P/B High or Low Right Now?

Simon Property Group, Inc.'s P/B is currently 14.4, which is historically pricey relative to its 10-year historical range. The 10-year median P/B for SPG is approximately 11.3. See all SPG valuation metrics →

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