Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Daiwa Office Investment (TSE:8976) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Daiwa Office Investment Forward PE Ratio Related Terms
Daiwa Office Investment Forward PE Ratio Historical Data
* 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.
Daiwa Office Investment Forward PE Ratio Chart
Daiwa Office Investment Annual Data
Trend
2024-11
2025-11
Forward PE Ratio
21.46
27.05
Daiwa Office Investment Semi-Annual Data
2024-11
2025-05
2025-11
2026-05
Forward PE Ratio
21.46
21.57
27.05
22.58
TSE:8976 vs BXP, ARE, VNO: Forward PE Ratio Comparison
For the REIT - Office subindustry, Daiwa Office Investment's Forward PE Ratio, along with its competitors' market caps and Forward PE 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.
Daiwa Office Investment Forward PE Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Daiwa Office Investment's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Daiwa Office Investment's Forward PE Ratio falls into.
Daiwa Office Investment Forward PE Ratio Calculation
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Daiwa Office Investment (TSE:8976) has a Forward PE Ratio of 24.21 as of Aug. 04, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Daiwa Office Investment and its competitors. According to the industry distribution chart, Daiwa Office Investment ranks #313 out of 458 companies in the REITs industry, placing it in the top 68.3%.
Is Daiwa Office Investment's Forward PE Ratio too high?
Daiwa Office Investment's current Forward PE Ratio is 24.21. The REITs industry median Forward PE Ratio is 16.65. Daiwa Office Investment's value of 24.21 is 45.4% above this industry median. Based on the distribution chart, Daiwa Office Investment ranks #313 out of 458 companies in the REITs industry, which is below the industry midpoint. Overall, Daiwa Office 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 Daiwa Office Investment's Forward PE Ratio compare to BXP and ARE?
According to the REITs industry distribution chart, Daiwa Office Investment ranks #313 out of 458 companies for Forward PE Ratio. This places Daiwa Office Investment in the lower half of its industry. The industry median Forward PE Ratio is 16.65. Daiwa Office Investment's value of 24.21 is 45.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a REITs company?
The median Forward PE Ratio among REITs companies is 16.65, based on 458 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Daiwa Office Investment's current Forward PE Ratio of 24.21 is 45.4% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Daiwa Office Investment and its competitors. For the REITs industry, the median Forward PE Ratio is 16.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daiwa Office Investment's current Forward PE Ratio is 24.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daiwa Office Investment stock overvalued right now?
Based on GuruFocus' analysis, Daiwa Office Investment (TSE:8976) is currently considered Fairly Valued. The stock's GF Value™ is 円363,108.40, compared to a current price of 円329,500.00 — trading 9.3% below its estimated fair value. The current Forward PE Ratio is 24.21 and 45.4% above the REITs industry median of 16.65. Daiwa Office 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 Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Daiwa Office Investment (TSE:8976), the current Forward PE Ratio is 24.21 as of Aug. 04, 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 Daiwa Office Investment (TSE:8976) Overvalued in 2026?
Based on GuruFocus' analysis, Daiwa Office Investment stock appears to be undervalued.
The current stock price of 円329,500.00 is trading 9.3% below its estimated GF Value™ of 円363,108.40.
GuruFocus considers Daiwa Office Investment to be Fairly Valued.
Key valuation signals for TSE:8976:
Forward PE Ratio: 24.21
GF Value™: 円363,108.40 vs. price of 円329,500.00 (9.3% below fair value)
Industry Position: 45.4% above the REITs median (#313 of 458)
No single metric tells the full story. See the TSE:8976 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Daiwa Office Investment Corp is a real estate investment trust focused on acquiring, managing, and leasing office properties located in the Five Central Wards of Tokyo. The vast majority of the company's real estate portfolio is composed of office buildings fairly evenly distributed between Tokyo's Five Central Wards in terms of total value. Daiwa derives nearly all of its income in the form of rental revenue from leasing its properties. The firm has a varied tenant base from a number of industries, including the entertainment, retail, insurance, and food and beverage companies.
62GF Score
Get the complete analysis for TSE:8976
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:8976 has been successfully added to your 
