Japan Real Estate Investment (TSE:8952) Price-to-Tangible-Book : 1.44 (As of Apr. 26, 2024)

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What is Japan Real Estate Investment Price-to-Tangible-Book?

As of today (2024-04-26), Japan Real Estate Investment's share price is 円539000.00. Japan Real Estate Investment's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was 円373,913.64. Hence, Japan Real Estate Investment's Price to Tangible Book Ratio of today is 1.44.

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

TSE:8952' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.43 Med: 1.63 Max: 1.99
Current: 1.44

During the past 13 years, Japan Real Estate Investment's highest Price to Tangible Book Ratio was 1.99. The lowest was 1.43. And the median was 1.63.

TSE:8952's Price-to-Tangible-Book is ranked worse than
86.09% of 841 companies
in the REITs industry
Industry Median: 0.83 vs TSE:8952: 1.44

A closely related ratio is called PB Ratio. As of today, Japan Real Estate Investment's share price is 円539000.00. Japan Real Estate Investment's Book Value per Sharefor the quarter that ended in Sep. 2023 was 円378,394.57. Hence, Japan Real Estate Investment's P/B Ratio of today is 1.42.

Japan Real Estate Investment Price-to-Tangible-Book Historical Data

The historical data trend for Japan Real Estate 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.

Japan Real Estate Investment Price-to-Tangible-Book Chart

Japan Real Estate Investment Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.99

1.46

1.81

1.62

1.56

Japan Real Estate Investment Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.81	1.73	1.62	1.47	1.56

Competitive Comparison of Japan Real Estate Investment's Price-to-Tangible-Book

For the REIT - Office subindustry, Japan Real Estate 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.

Japan Real Estate Investment's Price-to-Tangible-Book Distribution in the REITs Industry

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

* The bar in red indicates where Japan Real Estate Investment's Price-to-Tangible-Book falls into.

Japan Real Estate Investment Price-to-Tangible-Book Calculation

Japan Real Estate Investment's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	539000.00	/	373913.644
	=	1.44

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.

Japan Real Estate Investment Price-to-Tangible-Book Related Terms

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

Japan Real Estate Investment (TSE:8952) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Japan Real Estate Investment Corp (TSE:8952) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-3-1 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-0005

Website

http://www.j-re.co.jp

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, most of 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 largest customers in terms of total leased space.

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