This valuation method assumes that the stock valuation will revert to its historical (10-Year) median in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
The historical rank and industry rank for Japan Real Estate Investment's Median PS Value or its related term are showing as below:
TSE:8952'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.78 Med: 0.88 Max: 1.21
Current: 0.83
During the past 13 years, the highest Price to Median PS Value of Japan Real Estate Investment was 1.21. The lowest was 0.78. And the median was 0.88.
TSE:8952's Price-to-Median-PS-Value is ranked better than 58.39% of 411
companies
in the REITs industry
Industry Median: 0.88
vs TSE:8952: 0.83
Japan Real Estate Investment (TSE:8952) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
Japan Real Estate Investment's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
118000.00
/
142,082.88
=
0.83
* 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 Real Estate Investment Median PS Value Related Terms
Japan Real Estate Investment Median PS Value 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.
Japan Real Estate Investment Median PS Value Chart
TSE:8952 vs BXP, ARE, VNO: Median PS Value Comparison
For the REIT - Office subindustry, Japan Real Estate Investment's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value 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 Real Estate Investment Price-to-Median-PS-Value vs REITs Industry
For the REITs industry and Real Estate sector, Japan Real Estate Investment's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Japan Real Estate Investment's Price-to-Median-PS-Value falls into.
10-Year Median PS Ratio is 12.0997.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Japan Real Estate Investment's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was 円11742.635.
* 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 Real Estate Investment (TSE:8952) has a Median PS Value of 円142,082.88 as of Jun. 29, 2026. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on Japan Real Estate Investment and its competitors. This is 16145682% above median its historical median of 0.88. Over the past decade, Japan Real Estate Investment's Median PS Value has ranged from 0.78 to 1.21. According to the industry distribution chart, Japan Real Estate Investment ranks #171 out of 411 companies in the REITs industry, placing it in the top 41.6%.
Is Japan Real Estate Investment's Median PS Value too high?
Japan Real Estate Investment's current Median PS Value of 円142,082.88 is 16145682% above median its 10-year median of 0.88. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 1.21. Based on the distribution chart, Japan Real Estate Investment ranks #171 out of 411 companies in the REITs industry, which is above the industry midpoint. Overall, Japan Real Estate Investment has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Japan Real Estate Investment's Median PS Value compare to BXP and ARE?
According to the REITs industry distribution chart, Japan Real Estate Investment ranks #171 out of 411 companies for Median PS Value. This puts Japan Real Estate Investment in the upper half of its industry. The industry median Median PS Value is 0.88. Historically, Japan Real Estate Investment's own Median PS Value has ranged from 0.78 to 1.21 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Median PS Value for a REITs company?
The median Median PS Value among REITs companies is 0.88, based on 411 companies in the industry. Companies in the top quartile (top 25%) have a Median PS Value significantly above this median, while those in the bottom quartile fall well below. However, Median PS Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Median PS Value mean?
A high Median PS Value can signal that a stock is expensive relative to its fundamentals. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on Japan Real Estate Investment and its competitors. For the REITs industry, the median Median PS Value is 0.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Real Estate Investment's current Median PS Value is 円142,082.88, which is 16145682% above median its own 10-year median of 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Real Estate Investment stock overvalued right now?
Based on GuruFocus' analysis, Japan Real Estate Investment (TSE:8952) is currently considered Fairly Valued. The stock's GF Value™ is 円111,805.74, compared to a current price of 円118,000.00 — trading 5.5% above its estimated fair value. The current Median PS Value is 円142,082.88, which is 16145682% above median its 10-year median of 0.88. Japan Real Estate Investment's overall GF Score™ is 65/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Median PS Value calculated?
Median PS Value is calculated from a company's financial statements. For Japan Real Estate Investment (TSE:8952), the current Median PS Value is 円142,082.88 as of Jun. 29, 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 Real Estate Investment (TSE:8952) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Real Estate Investment stock appears to be overvalued.
The current stock price of 円118,000.00 is trading 5.5% above its estimated GF Value™ of 円111,805.74.
GuruFocus considers Japan Real Estate Investment to be Fairly Valued.
Key valuation signals for TSE:8952:
Median PS Value: 円142,082.88 (16145682% above median its 10-year median of 0.88)
GF Value™: 円111,805.74 vs. price of 円118,000.00 (5.5% above fair value)
No single metric tells the full story. See the TSE:8952 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Real Estate Investment Corp, or J-REIT, is a Japanese real estate investment trust that invests in, owns, and leases office properties. The vast majority of the company's real estate portfolio is located within Tokyo's 23 wards and the Tokyo metropolitan area in terms of total value. Within this area, J-REIT's offices reside within the Tokyo central business district. The company derives nearly all of its income in the form of rental revenue from the leasing of its office properties. While J-REIT tenants hail from a diverse assortment of industries, firms from the service, information services, electric devices, and financial services industries are its customers.
65GF Score
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Median PS Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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