Nippon Building Fund (TSE:8951) Price-to-Tangible-Book : 1.50 (As of Apr. 25, 2024)

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What is Nippon Building Fund Price-to-Tangible-Book?

As of today (2024-04-25), Nippon Building Fund's share price is 円593000.00. Nippon Building Fund's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was 円394,223.36. Hence, Nippon Building Fund's Price to Tangible Book Ratio of today is 1.50.

The historical rank and industry rank for Nippon Building Fund's Price-to-Tangible-Book or its related term are showing as below:

TSE:8951' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.49 Med: 1.71 Max: 2.22
Current: 1.5

During the past 13 years, Nippon Building Fund's highest Price to Tangible Book Ratio was 2.22. The lowest was 1.49. And the median was 1.71.

TSE:8951's Price-to-Tangible-Book is ranked worse than
86.8% of 841 companies
in the REITs industry
Industry Median: 0.84 vs TSE:8951: 1.50

A closely related ratio is called PB Ratio. As of today, Nippon Building Fund's share price is 円593000.00. Nippon Building Fund's Book Value per Sharefor the quarter that ended in Dec. 2023 was 円415,197.62. Hence, Nippon Building Fund's P/B Ratio of today is 1.43.

Nippon Building Fund Price-to-Tangible-Book Historical Data

The historical data trend for Nippon Building Fund'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.

Nippon Building Fund Price-to-Tangible-Book Chart

Nippon Building Fund Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

2.22

1.74

1.49

1.55

Nippon Building Fund Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.74	1.71	1.49	1.44	1.55

Competitive Comparison of Nippon Building Fund's Price-to-Tangible-Book

For the REIT - Office subindustry, Nippon Building Fund'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.

Nippon Building Fund's Price-to-Tangible-Book Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Nippon Building Fund's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Nippon Building Fund's Price-to-Tangible-Book falls into.

Nippon Building Fund Price-to-Tangible-Book Calculation

Nippon Building Fund's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	593000.00	/	394223.364
	=	1.50

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.

Nippon Building Fund Price-to-Tangible-Book Related Terms

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

Nippon Building Fund (TSE:8951) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Nippon Building Fund Inc (TSE:8951) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

38th Floor, GranTokyo North Tower, 9-1, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-6738

Website

http://www.nbf-m.com

Nippon Building Fund Inc is a Japanese real estate investment trust engaged in the acquisition, ownership, and leasing of properties in the Greater Tokyo area. The company's real estate portfolio is primarily comprised of large corporate office buildings. The majority of these are located in the five wards of Tokyo's central business district. Office space located throughout the rest of Tokyo also makes up a substantial percentage of Nippon Building Fund's assets. The company derives the majority of its income in the form of rental revenue from tenants. Nippon Building Fund's largest customers are firms from the service, electrical equipment, and information and communications industries in terms of square footage used.

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