Mitsubishi Estate Co (Mitsubishi Estate Co) Price-to-Tangible-Book

: 1.55 (As of Today)

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As of today (2024-04-23), Mitsubishi Estate Co's share price is $18.30. Mitsubishi Estate Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $11.84. Hence, Mitsubishi Estate Co's Price to Tangible Book Ratio of today is 1.55.

The historical rank and industry rank for Mitsubishi Estate Co's Price-to-Tangible-Book or its related term are showing as below:

MITEY' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1 Med: 1.67 Max: 2.81
Current: 1.64

During the past 13 years, Mitsubishi Estate Co's highest Price to Tangible Book Ratio was 2.81. The lowest was 1.00. And the median was 1.67.

MITEY's Price-to-Tangible-Book is ranked worse than
76.31% of 1722 companies
in the Real Estate industry
Industry Median: 0.805 vs MITEY: 1.64

A closely related ratio is called PB Ratio. As of today, Mitsubishi Estate Co's share price is $18.30. Mitsubishi Estate Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was $12.42. Hence, Mitsubishi Estate Co's P/B Ratio of today is 1.47.

Mitsubishi Estate Co Price-to-Tangible-Book Historical Data

The historical data trend for Mitsubishi Estate Co's Price-to-Tangible-Book 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.

* Premium members only.

Mitsubishi Estate Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

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1.66

1.28

1.46

1.22

1.00

Mitsubishi Estate Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.11	1.00	1.04	1.14	1.16

Competitive Comparison

For the Real Estate - Diversified subindustry, Mitsubishi Estate Co's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.

Mitsubishi Estate Co Price-to-Tangible-Book Distribution

For the Real Estate industry and Real Estate sector, Mitsubishi Estate Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Mitsubishi Estate Co's Price-to-Tangible-Book falls into.

Mitsubishi Estate Co Price-to-Tangible-Book Calculation

Mitsubishi Estate Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	18.30	/	11.843
	=	1.55

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Mitsubishi Estate Co Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Mitsubishi Estate Co's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Mitsubishi Estate Co (Mitsubishi Estate Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mitsubishi Estate Co Ltd (OTCPK:MITEY) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

MITEF:USA 8802:Japan

Address

Otemachi 1-chome, Otemachi Park Building, 1-1, Chiyoda-ku, Tokyo, JPN, 100-8133

Website

http://www.mec.co.jp

Mitsubishi Estate is one of the three big Japanese real estate companies. Around two thirds of its operating profit comes from leasing office space in Japan, where half of its portfolio is concentrated in the prime Marunouchi/Otemachi district between Tokyo station and the Imperial Palace. Mitsubishi Estate's predecessor originally bought this land from the government in 1890, and the company sees itself as steward of the showcase area's long-term development, rarely if ever selling any properties there.

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