price to book valueThe average the Price to Book ratio for WELL over the last several years has been 5.64. If you adjust the current share price with book value (as set out helpfully by Monty in an earlier post) you have a share price of approximately $20.00. It doesn't mean much, except that if sentiment were to return to where it has been on average, as measured by price to book, you would have a share price of $20.00.