Mitsubishi Estate CoFRA:MES +1.90%83 PB Ratio is 1.76 as of Jun. 26, 2026, which is 28% above its 10-year median of 1.38. GuruFocus rates FRA:MES with a GF Score™ of 83/100 and a GF Value™ of €15.86 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,712 Real Estate companies, Mitsubishi Estate Co ranks worse than 79.61% on this metric.
The historical rank and industry rank for Mitsubishi Estate Co's PB Ratio or its related term are showing as below:
FRA:MES'
s PB Ratio Range Over the Past 10 Years
Min: 0.94 Med: 1.38 Max: 2.53
Current: 1.79
During the past 13 years, Mitsubishi Estate Co's highest PB Ratio was 2.53. The lowest was 0.94. And the median was 1.38.
FRA:MES's PB Ratio is ranked worse than 79.61% of 1712
companies
in the Real Estate industry
Industry Median: 0.82
vs FRA:MES: 1.79
During the past 12 months, Mitsubishi Estate Co's average Book Value Per Share Growth Rate was 8.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 10.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 10.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 7.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Mitsubishi Estate Co was 22.40% per year. The lowest was -1.30% per year. And the median was 5.95% per year.
Back to Basics: PB Ratio
Mitsubishi Estate Co (FRA:MES) 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.
Mitsubishi Estate Co PB Ratio Related Terms
Mitsubishi Estate Co PB Ratio Historical Data
* Premium members only.
The historical data trend for Mitsubishi Estate Co'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.
Mitsubishi Estate Co PB Ratio Competitor Comparison
For the Real Estate - Diversified subindustry, Mitsubishi Estate Co'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.
Mitsubishi Estate Co PB Ratio vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Mitsubishi Estate Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Mitsubishi Estate Co'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.
Mitsubishi Estate Co (FRA:MES) has a PB Ratio of 1.76 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Mitsubishi Estate Co and its competitors. This is 28% above median its historical median of 1.38. Over the past decade, Mitsubishi Estate Co's PB Ratio has ranged from 0.94 to 2.53. According to the industry distribution chart, Mitsubishi Estate Co ranks #1363 out of 1712 companies in the Real Estate industry, placing it in the top 79.6%.
Is Mitsubishi Estate Co's PB Ratio too high?
Mitsubishi Estate Co's current PB Ratio of 1.76 is 28% above median its 10-year median of 1.38. Over the past 10 years, this metric has ranged from a low of 0.94 to a high of 2.53. The Real Estate industry median PB Ratio is 0.82. Mitsubishi Estate Co's value of 1.76 is 114.6% above this industry median. Based on the distribution chart, Mitsubishi Estate Co ranks #1363 out of 1712 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Mitsubishi Estate Co has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mitsubishi Estate Co's PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Mitsubishi Estate Co ranks #1363 out of 1712 companies for PB Ratio. This places Mitsubishi Estate Co in the lower half of its industry. The industry median PB Ratio is 0.82. Mitsubishi Estate Co's value of 1.76 is 114.6% above this benchmark. Historically, Mitsubishi Estate Co's own PB Ratio has ranged from 0.94 to 2.53 over the past decade. While the company's 10-year median is 1.38 vs. the industry median of 0.82, Mitsubishi Estate Co 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 Real Estate company?
The median PB Ratio among Real Estate companies is 0.82, based on 1,712 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. Mitsubishi Estate Co's current PB Ratio of 1.76 is 114.6% 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 Mitsubishi Estate Co and its competitors. For the Real Estate industry, the median PB Ratio is 0.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitsubishi Estate Co's current PB Ratio is 1.76, which is 28% above median its own 10-year median of 1.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsubishi Estate Co stock overvalued right now?
Based on GuruFocus' analysis, Mitsubishi Estate Co (FRA:MES) is currently considered Significantly Overvalued. The stock's GF Value™ is €15.86, compared to a current price of €21.40 — trading 34.9% above its estimated fair value. The current PB Ratio is 1.76, which is 28% above median its 10-year median of 1.38 and 114.6% above the Real Estate industry median of 0.82. Mitsubishi Estate Co's overall GF Score™ is 83/100 with 2 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 Mitsubishi Estate Co (FRA:MES), the current PB Ratio is 1.76 as of Jun. 26, 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 Mitsubishi Estate Co (FRA:MES) Overvalued in 2026?
Based on GuruFocus' analysis, Mitsubishi Estate Co stock appears to be overvalued.
The current stock price of €21.40 is trading 34.9% above its estimated GF Value™ of €15.86.
GuruFocus considers Mitsubishi Estate Co to be Significantly Overvalued.
Key valuation signals for FRA:MES:
PB Ratio: 1.76 (28% above median its 10-year median of 1.38)
GF Value™: €15.86 vs. price of €21.40 (34.9% above fair value)
Industry Position: 114.6% above the Real Estate median (#1363 of 1712)
No single metric tells the full story. See the FRA:MES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mitsubishi Estate is one of the three big Japanese real estate companies. Around two thirds of its operating profit comes from leasing office space in Japan, where half of its portfolio is concentrated in the prime Marunouchi/Otemachi district between Tokyo station and the Imperial Palace. Mitsubishi Estate's predecessor originally bought this land from the government in 1890, and the company sees itself as steward of the showcase area's long-term development, rarely if ever selling any properties there.
83GF Score
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