Japan Prime Realty Investment (TSE:8955) Cyclically Adjusted PB Ratio: 1.32 (As of Aug. 06, 2026) — 11% Below Median

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TSE:8955 Japan Prime Realty Investment Corp TSE:8955
62 GF Score
Price 円96,200.00
GF Value 円91,093.51
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Japan Prime Realty Investment Cyclically Adjusted PB Ratio?

Japan Prime Realty Investment TSE:8955 +0.52% 62 Cyclically Adjusted PB Ratio is 1.32 as of Aug. 06, 2026, which is 11% below its 10-year median of 1.48. GuruFocus rates TSE:8955 with a GF Score™ of 62/100 and a GF Value™ of 円91,093.51 (Fairly Valued). The stock has 4 warning signs investors should review. Among 554 REITs companies, Japan Prime Realty Investment ranks worse than 77.8% on this metric.

As of today (2026-08-06), Japan Prime Realty Investment's current share price is 円96200.00. Japan Prime Realty Investment's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was 円72,780.95. Japan Prime Realty Investment's Cyclically Adjusted PB Ratio for today is 1.32.

The historical rank and industry rank for Japan Prime Realty Investment's Cyclically Adjusted PB Ratio or its related term are showing as below:

TSE:8955' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.9   Med: 1.48   Max: 2.03
Current: 1.34

During the past 13 years, Japan Prime Realty Investment's highest Cyclically Adjusted PB Ratio was 2.03. The lowest was 0.90. And the median was 1.48.

TSE:8955's Cyclically Adjusted PB Ratio is ranked worse than
77.8% of 554 companies
in the REITs industry
Industry Median: 0.805 vs TSE:8955: 1.34

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Japan Prime Realty Investment's adjusted book value per share data of for the fiscal year that ended in Dec25 was 円67,523.178. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is 円72,780.95 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Japan Prime Realty Investment  (TSE:8955) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Japan Prime Realty Investment Cyclically Adjusted PB Ratio Related Terms


Japan Prime Realty Investment Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Japan Prime Realty Investment's Cyclically Adjusted PB Ratio 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.

Japan Prime Realty Investment Cyclically Adjusted PB Ratio Chart

Japan Prime Realty Investment Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.55 1.38 1.27 1.10 1.45

Japan Prime Realty Investment Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.27 0.00 1.10 0.00 1.45

TSE:8955 vs VICI, WPC: Cyclically Adjusted PB Ratio Comparison

For the REIT - Diversified subindustry, Japan Prime Realty Investment's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio 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.


Japan Prime Realty Investment Cyclically Adjusted PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Japan Prime Realty Investment's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Japan Prime Realty Investment's Cyclically Adjusted PB Ratio falls into.


TSE:8955
62GF Score
Japan Prime Realty Investment Corp TSE:8955
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Japan Prime Realty Investment Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Japan Prime Realty Investment's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=96200.00/72780.95
=1.32

* 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.

Japan Prime Realty Investment's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Japan Prime Realty Investment's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=67523.178/113.0000*113.0000
=67,523.178

Current CPI (Dec25) = 113.0000.

Japan Prime Realty Investment Annual Data

Book Value per Share CPI Adj_Book
201612 62,038.662 98.400 71,243.585
201712 64,631.454 99.400 73,474.389
201812 64,656.675 99.700 73,281.888
201912 64,807.586 100.500 72,868.231
202012 66,892.728 99.300 76,121.634
202112 67,218.786 100.100 75,881.347
202212 68,589.592 104.100 74,453.640
202312 68,626.910 106.800 72,610.869
202412 68,918.796 110.700 70,350.713
202512 67,523.178 113.000 67,523.178

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 1.32 mean?
Japan Prime Realty Investment (TSE:8955) has a Cyclically Adjusted PB Ratio of 1.32 as of Aug. 06, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Japan Prime Realty Investment and its competitors. This is 11% below median its historical median of 1.48. Over the past decade, Japan Prime Realty Investment's Cyclically Adjusted PB Ratio has ranged from 0.90 to 2.03. According to the industry distribution chart, Japan Prime Realty Investment ranks #431 out of 554 companies in the REITs industry, placing it in the top 77.8%.
Is Japan Prime Realty Investment's Cyclically Adjusted PB Ratio too high?
Japan Prime Realty Investment's current Cyclically Adjusted PB Ratio of 1.32 is 11% below median its 10-year median of 1.48. Over the past 10 years, this metric has ranged from a low of 0.90 to a high of 2.03. The REITs industry median Cyclically Adjusted PB Ratio is 0.81. Japan Prime Realty Investment's value of 1.32 is 64% above this industry median. Based on the distribution chart, Japan Prime Realty Investment ranks #431 out of 554 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Japan Prime Realty Investment has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Japan Prime Realty Investment's Cyclically Adjusted PB Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Japan Prime Realty Investment ranks #431 out of 554 companies for Cyclically Adjusted PB Ratio. This places Japan Prime Realty Investment in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.81. Japan Prime Realty Investment's value of 1.32 is 64% above this benchmark. Historically, Japan Prime Realty Investment's own Cyclically Adjusted PB Ratio has ranged from 0.90 to 2.03 over the past decade. While the company's 10-year median is 1.48 vs. the industry median of 0.81, Japan Prime Realty Investment has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a REITs company?
The median Cyclically Adjusted PB Ratio among REITs companies is 0.81, based on 554 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Japan Prime Realty Investment's current Cyclically Adjusted PB Ratio of 1.32 is 64% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Japan Prime Realty Investment and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Prime Realty Investment's current Cyclically Adjusted PB Ratio is 1.32, which is 11% below median its own 10-year median of 1.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Prime Realty Investment stock overvalued right now?
Based on GuruFocus' analysis, Japan Prime Realty Investment (TSE:8955) is currently considered Fairly Valued. The stock's GF Value™ is 円91,093.51, compared to a current price of 円96,200.00 — trading 5.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.32, which is 11% below median its 10-year median of 1.48 and 64% above the REITs industry median of 0.81. Japan Prime Realty Investment's overall GF Score™ is 62/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Japan Prime Realty Investment (TSE:8955), the current Cyclically Adjusted PB Ratio is 1.32 as of Aug. 06, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Japan Prime Realty Investment (TSE:8955) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Prime Realty Investment stock appears to be overvalued. The current stock price of 円96,200.00 is trading 5.6% above its estimated GF Value™ of 円91,093.51. GuruFocus considers Japan Prime Realty Investment to be Fairly Valued.

Key valuation signals for TSE:8955:

  • Cyclically Adjusted PB Ratio: 1.32 (11% below median its 10-year median of 1.48)
  • GF Value™: 円91,093.51 vs. price of 円96,200.00 (5.6% above fair value)
  • GF Score™: 62/100 with 4 warning signs
  • Industry Position: 64% above the REITs median (#431 of 554)

No single metric tells the full story. See the TSE:8955 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Japan Prime Realty Investment Business Description

Industry Real EstateREITs
Other Exchanges 58JA:Germany
Address 4-16 Yaesu 1-chome, Chuo-ku, Tokyo, JPN, 103-0028
Japan Prime Realty Investment Corporation, or JPR, is a Japanese real estate investment trust involved in the ownership of properties in the Greater Tokyo region. The majority of JPR's real estate portfolio is comprised of office buildings, with retail properties making up the rest of the company's holdings. The vast majority of JPR's assets are in the Tokyo metropolitan area, which are mostly concentrated in Central Tokyo. The company generates nearly all of its revenue through collecting funds from investors, investing that money into real estate properties, and then collecting rental income from those properties. Its collection of tenants is fairly evenly distributed among service, information and communication, manufacturing, finance, retail, and real estate companies.
62GF Score

Get the complete analysis for TSE:8955

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円96,200.00
Price
円91,093.51
GF Value