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One REITTSE:3290 +0.66%55 PB Ratio is 0.99 as of Jul. 20, 2026, which is 13% below its 10-year median of 1.14. GuruFocus rates TSE:3290 with a GF Score™ of 55/100 and a GF Value™ of 円89,116.54 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 928 REITs companies, One REIT ranks worse than 63.47% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-20), One REIT's share price is 円76200.00. One REIT's Book Value per Share for the quarter that ended in Feb. 2026 was 円76,624.12. Hence, One REIT's PB Ratio of today is 0.99.
Good Sign:
One REIT Inc stock PB Ratio (=0.99) is close to 5-year low of 0.97.
The historical rank and industry rank for One REIT's PB Ratio or its related term are showing as below:
TSE:3290'
s PB Ratio Range Over the Past 10 Years
Min: 0.79 Med: 1.14 Max: 1.74
Current: 0.99
During the past 11 years, One REIT's highest PB Ratio was 1.74. The lowest was 0.79. And the median was 1.14.
TSE:3290's PB Ratio is ranked worse than 63.47% of 928
companies
in the REITs industry
Industry Median: 0.86
vs TSE:3290: 0.99
During the past 12 months, One REIT's average Book Value Per Share Growth Rate was 0.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 1.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 0.30% per year.
During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of One REIT was 1.10% per year. The lowest was -1.00% per year. And the median was 0.50% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
One REIT PB Ratio Related Terms
One REIT PB Ratio Historical Data
* Premium members only.
The historical data trend for One REIT's PB Ratio 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.
For the REIT - Office subindustry, One REIT's PB Ratio, along with its competitors' market caps and PB Ratio 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.
One REIT PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, One REIT's PB Ratio distribution charts can be found below:
* The bar in red indicates where One REIT's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
One REIT's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
One REIT (TSE:3290) has a PB Ratio of 0.99 as of Jul. 20, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on One REIT and its competitors. This is 13% below median its historical median of 1.14. Over the past decade, One REIT's PB Ratio has ranged from 0.79 to 1.74. According to the industry distribution chart, One REIT ranks #589 out of 928 companies in the REITs industry, placing it in the top 63.5%.
Is One REIT's PB Ratio too high?
One REIT's current PB Ratio of 0.99 is 13% below median its 10-year median of 1.14. Over the past 10 years, this metric has ranged from a low of 0.79 to a high of 1.74. The REITs industry median PB Ratio is 0.86. One REIT's value of 0.99 is 15.1% above this industry median. Based on the distribution chart, One REIT ranks #589 out of 928 companies in the REITs industry, which is below the industry midpoint. Overall, One REIT has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does One REIT's PB Ratio compare to BXP and ARE?
According to the REITs industry distribution chart, One REIT ranks #589 out of 928 companies for PB Ratio. This places One REIT in the lower half of its industry. The industry median PB Ratio is 0.86. One REIT's value of 0.99 is 15.1% above this benchmark. Historically, One REIT's own PB Ratio has ranged from 0.79 to 1.74 over the past decade. While the company's 10-year median is 1.14 vs. the industry median of 0.86, One REIT has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a REITs company?
The median PB Ratio among REITs companies is 0.86, based on 928 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. One REIT's current PB Ratio of 0.99 is 15.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on One REIT and its competitors. For the REITs industry, the median PB Ratio is 0.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. One REIT's current PB Ratio is 0.99, which is 13% below median its own 10-year median of 1.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is One REIT stock overvalued right now?
Based on GuruFocus' analysis, One REIT (TSE:3290) is currently considered Modestly Undervalued. The stock's GF Value™ is 円89,116.54, compared to a current price of 円76,200.00 — trading 14.5% below its estimated fair value. The current PB Ratio is 0.99, which is 13% below median its 10-year median of 1.14 and 15.1% above the REITs industry median of 0.86. One REIT's overall GF Score™ is 55/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For One REIT (TSE:3290), the current PB Ratio is 0.99 as of Jul. 20, 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 One REIT (TSE:3290) Overvalued in 2026?
Based on GuruFocus' analysis, One REIT stock appears to be undervalued.
The current stock price of 円76,200.00 is trading 14.5% below its estimated GF Value™ of 円89,116.54.
GuruFocus considers One REIT to be Modestly Undervalued.
Key valuation signals for TSE:3290:
PB Ratio: 0.99 (13% below median its 10-year median of 1.14)
GF Value™: 円89,116.54 vs. price of 円76,200.00 (14.5% below fair value)
Industry Position: 15.1% above the REITs median (#589 of 928)
No single metric tells the full story. See the TSE:3290 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
One REIT Inc operates as a real estate investment trust. The company invest in commercial real estate and office buildings in Japan. It operates in a single segment, which is real estate leasing.
55GF Score
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