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Daiwa House REIT Investment Corp stock PB Ratio (=1.13) is close to 5-year low of 1.02.
The historical rank and industry rank for Daiwa House REIT Investment's PB Ratio or its related term are showing as below:
TSE:8984'
s PB Ratio Range Over the Past 10 Years
Min: 0.81 Med: 1.21 Max: 2.07
Current: 1.15
During the past 13 years, Daiwa House REIT Investment's highest PB Ratio was 2.07. The lowest was 0.81. And the median was 1.21.
TSE:8984's PB Ratio is ranked worse than 75.14% of 921
companies
in the REITs industry
Industry Median: 0.86
vs TSE:8984: 1.15
During the past 12 months, Daiwa House REIT Investment's average Book Value Per Share Growth Rate was -1.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -0.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -0.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 3.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Daiwa House REIT Investment was 14.50% per year. The lowest was -1.40% per year. And the median was 0.20% per year.
Back to Basics: PB Ratio
Daiwa House REIT Investment (TSE:8984) 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.
Daiwa House REIT Investment PB Ratio Related Terms
Daiwa House REIT Investment PB Ratio Historical Data
* 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, Daiwa House REIT Investment'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.
Daiwa House REIT Investment PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Daiwa House REIT Investment's PB Ratio distribution charts can be found below:
* The bar in red indicates where Daiwa House REIT Investment'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.
Daiwa House REIT Investment (TSE:8984) has a PB Ratio of 1.14 as of Jul. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Daiwa House REIT Investment and its competitors. This is near median its historical median of 1.21. Over the past decade, Daiwa House REIT Investment's PB Ratio has ranged from 0.81 to 2.07. According to the industry distribution chart, Daiwa House REIT Investment ranks #692 out of 921 companies in the REITs industry, placing it in the top 75.1%.
Is Daiwa House REIT Investment's PB Ratio too high?
Daiwa House REIT Investment's current PB Ratio of 1.14 is near median its 10-year median of 1.21. Over the past 10 years, this metric has ranged from a low of 0.81 to a high of 2.07. The REITs industry median PB Ratio is 0.86. Daiwa House REIT Investment's value of 1.14 is 32.6% above this industry median. Based on the distribution chart, Daiwa House REIT Investment ranks #692 out of 921 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Daiwa House REIT Investment has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Daiwa House REIT Investment's PB Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Daiwa House REIT Investment ranks #692 out of 921 companies for PB Ratio. This places Daiwa House REIT Investment in the lower half of its industry. The industry median PB Ratio is 0.86. Daiwa House REIT Investment's value of 1.14 is 32.6% above this benchmark. Historically, Daiwa House REIT Investment's own PB Ratio has ranged from 0.81 to 2.07 over the past decade. While the company's 10-year median is 1.21 vs. the industry median of 0.86, Daiwa House REIT Investment 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 921 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. Daiwa House REIT Investment's current PB Ratio of 1.14 is 32.6% 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 Daiwa House REIT Investment 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. Daiwa House REIT Investment's current PB Ratio is 1.14, which is near median its own 10-year median of 1.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daiwa House REIT Investment stock overvalued right now?
Based on GuruFocus' analysis, Daiwa House REIT Investment (TSE:8984) is currently considered Fairly Valued. The stock's GF Value™ is 円127,738.30, compared to a current price of 円124,100.00 — trading 2.8% below its estimated fair value. The current PB Ratio is 1.14, which is near median its 10-year median of 1.21 and 32.6% above the REITs industry median of 0.86. Daiwa House REIT Investment's overall GF Score™ is 64/100 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 Daiwa House REIT Investment (TSE:8984), the current PB Ratio is 1.14 as of Jul. 25, 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 Daiwa House REIT Investment (TSE:8984) Overvalued in 2026?
Based on GuruFocus' analysis, Daiwa House REIT Investment stock appears to be undervalued.
The current stock price of 円124,100.00 is trading 2.8% below its estimated GF Value™ of 円127,738.30.
GuruFocus considers Daiwa House REIT Investment to be Fairly Valued.
Key valuation signals for TSE:8984:
PB Ratio: 1.14 (near median its 10-year median of 1.21)
GF Value™: 円127,738.30 vs. price of 円124,100.00 (2.8% below fair value)
Industry Position: 32.6% above the REITs median (#692 of 921)
No single metric tells the full story. See the TSE:8984 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Daiwa House REIT Investment Corp is a diversified real estate investment trust which invests in real estate properties. Its core assets are logistics properties, residential properties, retail properties, and hotels. It invests mainly in three metropolitan areas the greater Tokyo area, the greater Nagoya area, and the greater Osaka area. The firm's portfolio consists of assets with various risk-return profiles. It generates revenue from rental activity on a straight-line accrual basis over the life of each lease contract. The company operates only in Japan.
64GF Score
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