Additionally, Paramount Group has a P/B ratio of 0.36 while its industry's price-to-book ratio sits at 2.52. For PGRE, this valuation metric has been as high as 0.55, as low as 0.35, with a median of 0.44 over the past year. These are only a few of the key metrics included in City Office REIT and Paramount Group strong Value grade, but they help show that the stocks are likely undervalued right now.