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Hankyu Hanshin REIT Inc stock PB Ratio (=1.1) is close to 1-year low of 1.09.
The historical rank and industry rank for Hankyu Hanshin REIT's PB Ratio or its related term are showing as below:
TSE:8977'
s PB Ratio Range Over the Past 10 Years
Min: 0.73 Med: 1.16 Max: 1.49
Current: 1.1
During the past 13 years, Hankyu Hanshin REIT's highest PB Ratio was 1.49. The lowest was 0.73. And the median was 1.16.
TSE:8977's PB Ratio is ranked worse than 72.34% of 929
companies
in the REITs industry
Industry Median: 0.86
vs TSE:8977: 1.10
During the past 3 years, the average Book Value Per Share Growth Rate was 0.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 0.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Hankyu Hanshin REIT was 8.70% per year. The lowest was -6.70% per year. And the median was 0.10% per year.
Back to Basics: PB Ratio
Hankyu Hanshin REIT (TSE:8977) PB Ratio Explanation
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.
Hankyu Hanshin REIT PB Ratio Related Terms
Hankyu Hanshin REIT PB Ratio Historical Data
* Premium members only.
The historical data trend for Hankyu Hanshin 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 - Diversified subindustry, Hankyu Hanshin 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.
Hankyu Hanshin REIT PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Hankyu Hanshin REIT's PB Ratio distribution charts can be found below:
* The bar in red indicates where Hankyu Hanshin 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.
* 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.
Hankyu Hanshin REIT (TSE:8977) has a PB Ratio of 1.10 as of Jul. 19, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Hankyu Hanshin REIT and its competitors. This is near median its historical median of 1.16. Over the past decade, Hankyu Hanshin REIT's PB Ratio has ranged from 0.73 to 1.49. According to the industry distribution chart, Hankyu Hanshin REIT ranks #672 out of 929 companies in the REITs industry, placing it in the top 72.3%.
Is Hankyu Hanshin REIT's PB Ratio too high?
Hankyu Hanshin REIT's current PB Ratio of 1.10 is near median its 10-year median of 1.16. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 1.49. The REITs industry median PB Ratio is 0.86. Hankyu Hanshin REIT's value of 1.10 is 27.9% above this industry median. Based on the distribution chart, Hankyu Hanshin REIT ranks #672 out of 929 companies in the REITs industry, which is below the industry midpoint. Overall, Hankyu Hanshin REIT has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hankyu Hanshin REIT's PB Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Hankyu Hanshin REIT ranks #672 out of 929 companies for PB Ratio. This places Hankyu Hanshin REIT in the lower half of its industry. The industry median PB Ratio is 0.86. Hankyu Hanshin REIT's value of 1.10 is 27.9% above this benchmark. Historically, Hankyu Hanshin REIT's own PB Ratio has ranged from 0.73 to 1.49 over the past decade. While the company's 10-year median is 1.16 vs. the industry median of 0.86, Hankyu Hanshin 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 929 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. Hankyu Hanshin REIT's current PB Ratio of 1.10 is 27.9% 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 Hankyu Hanshin 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. Hankyu Hanshin REIT's current PB Ratio is 1.10, which is near median its own 10-year median of 1.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hankyu Hanshin REIT stock overvalued right now?
Based on GuruFocus' analysis, Hankyu Hanshin REIT (TSE:8977) is currently considered Modestly Undervalued. The stock's GF Value™ is 円154,092.70, compared to a current price of 円138,200.00 — trading 10.3% below its estimated fair value. The current PB Ratio is 1.10, which is near median its 10-year median of 1.16 and 27.9% above the REITs industry median of 0.86. Hankyu Hanshin REIT's overall GF Score™ is 58/100 with 4 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 Hankyu Hanshin REIT (TSE:8977), the current PB Ratio is 1.10 as of Jul. 19, 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 Hankyu Hanshin REIT (TSE:8977) Overvalued in 2026?
Based on GuruFocus' analysis, Hankyu Hanshin REIT stock appears to be undervalued.
The current stock price of 円138,200.00 is trading 10.3% below its estimated GF Value™ of 円154,092.70.
GuruFocus considers Hankyu Hanshin REIT to be Modestly Undervalued.
Key valuation signals for TSE:8977:
PB Ratio: 1.10 (near median its 10-year median of 1.16)
GF Value™: 円154,092.70 vs. price of 円138,200.00 (10.3% below fair value)
Industry Position: 27.9% above the REITs median (#672 of 929)
No single metric tells the full story. See the TSE:8977 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hankyu Hanshin REIT Inc is a real estate investment trust. The firm manages funds contributed by unitholders by investing them mainly in real estate and real estate backed securities. Its portfolio comprises retail facilities, Office use facilities and Complex facilities. The firm holds the majority of its investments in Kansai region.
58GF Score
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