Heiwa Real Estate REIT (TSE:8966) Market Cap: 円182,049 Mil (As of Jul. 16, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TSE:8966 Heiwa Real Estate REIT Inc TSE:8966
70 GF Score
Price 円135,500.00
GF Value 円163,138.94
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Heiwa Real Estate REIT Market Cap?

Heiwa Real Estate REIT TSE:8966 +0.30% 70 Market Cap is 円182,049 Mil as of Jul. 16, 2026. GuruFocus rates TSE:8966 with a GF Score™ of 70/100 and a GF Value™ of 円163,138.94 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 970 REITs companies, Heiwa Real Estate REIT ranks better than 70.41% on this metric.

Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Heiwa Real Estate REIT's share price for the quarter that ended in Nov. 2025 was 円157600. Heiwa Real Estate REIT's Shares Outstanding (EOP) for the quarter that ended in Nov. 2025 was 1 Mil. Therefore, Heiwa Real Estate REIT's market cap for the quarter that ended in Nov. 2025 was 円197,315 Mil.

Heiwa Real Estate REIT's quarterly market cap increased from Nov. 2024 (円140,054 Mil) to May. 2025 (円152,602 Mil) and increased from May. 2025 (円152,602 Mil) to Nov. 2025 (円197,315 Mil).

Heiwa Real Estate REIT's annual market cap declined from Nov. 2023 (円155,710 Mil) to Nov. 2024 (円140,054 Mil) but then increased from Nov. 2024 (円140,054 Mil) to Nov. 2025 (円197,315 Mil).

Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Heiwa Real Estate REIT's Enterprise Value for Today is 円296,220 Mil.


Heiwa Real Estate REIT  (TSE:8966) Market Cap Explanation

Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the company’s debt. The real price you pay is the Enterprise Value.

Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.


Heiwa Real Estate REIT Market Cap Related Terms


Heiwa Real Estate REIT Market Cap Historical Data

* Premium members only.

The historical data trend for Heiwa Real Estate REIT's Market Cap 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.

Heiwa Real Estate REIT Market Cap Chart

Heiwa Real Estate REIT Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Market Cap
Get a 7-Day Free Trial Premium Member Only Premium Member Only 159,139.20 179,465.40 155,710.00 140,054.00 197,315.20

Heiwa Real Estate REIT Semi-Annual Data
May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
Market Cap 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 155,710.00 150,190.00 140,054.00 152,601.50 197,315.20

TSE:8966 vs VICI, WPC: Market Cap Comparison

For the REIT - Diversified subindustry, Heiwa Real Estate REIT's Market Cap, along with its competitors' market caps and Market Cap 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.


Heiwa Real Estate REIT Market Cap vs REITs Industry

For the REITs industry and Real Estate sector, Heiwa Real Estate REIT's Market Cap distribution charts can be found below:

* The bar in red indicates where Heiwa Real Estate REIT's Market Cap falls into.


TSE:8966
70GF Score
Heiwa Real Estate REIT Inc TSE:8966
Market Cap is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Heiwa Real Estate REIT Market Cap Calculation

Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.

Heiwa Real Estate REIT's Market Cap for the fiscal year that ended in Nov. 2025 is calculated as

Market Cap (A: Nov. 2025 )=Share Price (A: Nov. 2025 )*Shares Outstanding (EOP) (A: Nov. 2025 )
=円157600*1.252
=円197,315

Heiwa Real Estate REIT's Market Cap for the quarter that ended in Nov. 2025 is calculated as

Market Cap (Q: Nov. 2025 )=Share Price (Q: Nov. 2025 )*Shares Outstanding (EOP) (Q: Nov. 2025 )
=円157600*1.252
=円197,315

* 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.

Frequently Asked Questions Learn more about Market Cap →
What does a Market Cap of 円182,049 Mil mean?
Heiwa Real Estate REIT (TSE:8966) has a Market Cap of 円182,049 Mil as of Jul. 16, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Heiwa Real Estate REIT and its competitors. According to the industry distribution chart, Heiwa Real Estate REIT ranks #287 out of 970 companies in the REITs industry, placing it in the top 29.6%.
Is Heiwa Real Estate REIT's Market Cap too high?
Heiwa Real Estate REIT's current Market Cap is 円182,049 Mil. Based on the distribution chart, Heiwa Real Estate REIT ranks #287 out of 970 companies in the REITs industry, which is above the industry midpoint. Overall, Heiwa Real Estate REIT has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Heiwa Real Estate REIT's Market Cap compare to VICI and WPC?
According to the REITs industry distribution chart, Heiwa Real Estate REIT ranks #287 out of 970 companies for Market Cap. This puts Heiwa Real Estate REIT in the upper half of its industry. The industry median Market Cap is 291.94. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a REITs company?
The median Market Cap among REITs companies is 291.94, based on 970 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Heiwa Real Estate REIT and its competitors. For the REITs industry, the median Market Cap is 291.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heiwa Real Estate REIT's current Market Cap is 円182,049 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heiwa Real Estate REIT stock overvalued right now?
Based on GuruFocus' analysis, Heiwa Real Estate REIT (TSE:8966) is currently considered Modestly Undervalued. The stock's GF Value™ is 円163,138.94, compared to a current price of 円135,500.00 — trading 16.9% below its estimated fair value. The current Market Cap is 円182,049 Mil. Heiwa Real Estate REIT's overall GF Score™ is 70/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Heiwa Real Estate REIT (TSE:8966), the current Market Cap is 円182,049 Mil as of Jul. 16, 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 Heiwa Real Estate REIT (TSE:8966) Overvalued in 2026?

Based on GuruFocus' analysis, Heiwa Real Estate REIT stock appears to be undervalued. The current stock price of 円135,500.00 is trading 16.9% below its estimated GF Value™ of 円163,138.94. GuruFocus considers Heiwa Real Estate REIT to be Modestly Undervalued.

Key valuation signals for TSE:8966:

  • Market Cap: 円182,049 Mil
  • GF Value™: 円163,138.94 vs. price of 円135,500.00 (16.9% below fair value)
  • GF Score™: 70/100 with 4 warning signs

No single metric tells the full story. See the TSE:8966 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Heiwa Real Estate REIT Business Description

Industry Real EstateREITs
Address 5-1, Nihonbashi-kabutocho, Chuo-ku, Tokyo, JPN, 105-6237
Heiwa Real Estate REIT Inc is a real estate company that invests in office buildings and residential buildings located in the Tokyo Metropolitan Area and other cities across Japan. The company leases its buildings for rental revenue and renovates its properties. The tenants include both individuals and businesses from various industries such as wholesale and retail, manufacturing, and information and technology services.
70GF Score

Get the complete analysis for TSE:8966

Market Cap is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円135,500.00
Price
円163,138.94
GF Value