Advance Residence Investment (TSE:3269) Price-to-Tangible-Book : 2.01 (As of Apr. 25, 2024)

View and export this data going back to 2010. Start your Free Trial

What is Advance Residence Investment Price-to-Tangible-Book?

As of today (2024-04-25), Advance Residence Investment's share price is 円333000.00. Advance Residence Investment's Tangible Book per Share of Jan. 2023 for the quarter that ended in Jan. 2023 was 円165,841.30. Hence, Advance Residence Investment's Price to Tangible Book Ratio of today is 2.01.

The historical rank and industry rank for Advance Residence Investment's Price-to-Tangible-Book or its related term are showing as below:

TSE:3269' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.28 Med: 1.86 Max: 2.26
Current: 2.01

During the past 11 years, Advance Residence Investment's highest Price to Tangible Book Ratio was 2.26. The lowest was 1.28. And the median was 1.86.

TSE:3269's Price-to-Tangible-Book is ranked worse than
92.03% of 841 companies
in the REITs industry
Industry Median: 0.84 vs TSE:3269: 2.01

A closely related ratio is called PB Ratio. As of today, Advance Residence Investment's share price is 円333000.00. Advance Residence Investment's Book Value per Sharefor the quarter that ended in Jan. 2023 was 円167,044.81. Hence, Advance Residence Investment's P/B Ratio of today is 1.99.

Advance Residence Investment Price-to-Tangible-Book Historical Data

The historical data trend for Advance Residence Investment'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.

Advance Residence Investment Price-to-Tangible-Book Chart

Advance Residence Investment Annual Data

Trend

Jul12

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.67

1.80

2.06

2.26

Advance Residence Investment Semi-Annual Data
	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jan24
Price-to-Tangible-Book	Get a 7-Day Free Trial															2.26	2.05	2.22	1.91	-

Competitive Comparison of Advance Residence Investment's Price-to-Tangible-Book

For the REIT - Residential subindustry, Advance Residence Investment'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.

Advance Residence Investment's Price-to-Tangible-Book Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Advance Residence Investment's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Advance Residence Investment's Price-to-Tangible-Book falls into.

Advance Residence Investment Price-to-Tangible-Book Calculation

Advance Residence Investment's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Jan. 2023 )
	=	333000.00	/	165841.303
	=	2.01

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.

Advance Residence Investment Price-to-Tangible-Book Related Terms

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

Advance Residence Investment (TSE:3269) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Advance Residence Investment Corp (TSE:3269) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-26 Kanda-Nishikicho, Chiyoda Ward, Tokyo, JPN, 101-0054

Website

http://www.adr-reit.com

Advance Residence Investment Corp is a real estate investment trust that engaged in the property leasing business. It was created through consolidation type merger between the former Advance Residence Investment Corporation and Nippon Residential Investment Corporation. In order to secure stable earnings and steady growth in assets under management, the company procures funds through loans, issuance of investment corporation bonds, issuance of units, and other means of financing for purchasing real estate properties and repaying its debts. The company primarily invests in residential real estate properties located in central Tokyo, and the Tokyo metropolitan area.

Advance Residence Investment (TSE:3269) Headlines

No Headlines