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Macerich price to book ratio MAC

Market value divided by the book value of the company's net assets, since 2010.

Today, Oct 23, 2026
2.4×
10-year median
1.5×
Against its 10-year history
92nd
percentile: 0 is its lowest day, 100 its highest
10-year range
0.3× to 2.8×
Peer median
1.9×

Macerich's price to book ratio is 2.4× as of Oct 23, 2026.

That is above its ten-year median of 1.5×, higher than on 92% of days in the last ten years.

Over that time it ranged from 0.3× in Apr 2020 to 2.8× in Aug 2018.

The median for 10 specialty REITs of a similar size is 1.9×.

Price to book ratio over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far2.4×1.9×2.8×
20251.9×1.3×1.9×
20241.8×1.3×2.0×
20231.4×0.7×1.4×
20220.8×0.6×1.3×
20211.2×0.7×1.6×
20200.6×0.3×1.3×
20191.4×1.3×2.1×
20182.0×1.9×2.8×
20172.5×1.9×2.5×
20162.4×2.2×2.9×
20152.4×2.1×3.9×
20143.7×2.4×3.7×
20132.5×2.3×3.2×
20122.7×2.5×3.0×
20112.5×2.0×2.6×
20102.1×1.7×2.2×

Against its peers

Companies in REIT - Specialty nearest Macerich's size, closest first, today.

CompanyPrice to book ratio
MACMacerich2.4×
STAGSTAG Industrial1.9×
FRFirst Industrial Realty Trust2.6×
NNNNNN REIT1.8×
EPRTEssential Properties Realty Trust1.3×
RHPRyman Hospitality Properties11.0×
ADCAgree Realty1.3×
RYNRayonier1.1×
OUTOUTFRONT Media7.9×
BRXBrixmor Property2.9×
CTRECareTrust REIT1.9×
Peer median1.9×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Macerich

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.