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MIRARTH Real Estate Investment Corp stock PB Ratio (=0.84) is close to 5-year low of 0.82.
The historical rank and industry rank for MIRARTH Real Estate Investment's PB Ratio or its related term are showing as below:
TSE:3492'
s PB Ratio Range Over the Past 10 Years
Min: 0.62 Med: 0.98 Max: 1.39
Current: 0.84
During the past 8 years, MIRARTH Real Estate Investment's highest PB Ratio was 1.39. The lowest was 0.62. And the median was 0.98.
TSE:3492's PB Ratio is ranked better than 53.07% of 929
companies
in the REITs industry
Industry Median: 0.86
vs TSE:3492: 0.84
During the past 12 months, MIRARTH Real Estate Investment's average Book Value Per Share Growth Rate was 0.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -1.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -1.50% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of MIRARTH Real Estate Investment was 3.00% per year. The lowest was -4.90% per year. And the median was 0.40% per year.
Back to Basics: PB Ratio
MIRARTH Real Estate Investment (TSE:3492) 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.
MIRARTH Real Estate Investment PB Ratio Related Terms
MIRARTH Real Estate 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, MIRARTH Real Estate 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.
MIRARTH Real Estate Investment PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, MIRARTH Real Estate Investment's PB Ratio distribution charts can be found below:
* The bar in red indicates where MIRARTH Real Estate Investment's PB Ratio falls into.
MIRARTH Real Estate Investment PB Ratio Calculation
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.
MIRARTH Real Estate Investment (TSE:3492) has a PB Ratio of 0.83 as of Jul. 14, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on MIRARTH Real Estate Investment and its competitors. This is 15% below median its historical median of 0.98. Over the past decade, MIRARTH Real Estate Investment's PB Ratio has ranged from 0.62 to 1.39. According to the industry distribution chart, MIRARTH Real Estate Investment ranks #436 out of 929 companies in the REITs industry, placing it in the top 46.9%.
Is MIRARTH Real Estate Investment's PB Ratio too high?
MIRARTH Real Estate Investment's current PB Ratio of 0.83 is 15% below median its 10-year median of 0.98. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 1.39. The REITs industry median PB Ratio is 0.86. MIRARTH Real Estate Investment's value of 0.83 is 3.5% below this industry median. Based on the distribution chart, MIRARTH Real Estate Investment ranks #436 out of 929 companies in the REITs industry, which is above the industry midpoint. Overall, MIRARTH Real Estate Investment has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MIRARTH Real Estate Investment's PB Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, MIRARTH Real Estate Investment ranks #436 out of 929 companies for PB Ratio. This puts MIRARTH Real Estate Investment in the upper half of its industry. The industry median PB Ratio is 0.86. MIRARTH Real Estate Investment's value of 0.83 is 3.5% below this benchmark. Historically, MIRARTH Real Estate Investment's own PB Ratio has ranged from 0.62 to 1.39 over the past decade. While the company's 10-year median is 0.98 vs. the industry median of 0.86, MIRARTH Real Estate Investment has consistently been below 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. MIRARTH Real Estate Investment's current PB Ratio of 0.83 is 3.5% below 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 MIRARTH Real Estate 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. MIRARTH Real Estate Investment's current PB Ratio is 0.83, which is 15% below median its own 10-year median of 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MIRARTH Real Estate Investment stock overvalued right now?
Based on GuruFocus' analysis, MIRARTH Real Estate Investment (TSE:3492) is currently considered Modestly Undervalued. The stock's GF Value™ is 円103,798.15, compared to a current price of 円82,800.00 — trading 20.2% below its estimated fair value. The current PB Ratio is 0.83, which is 15% below median its 10-year median of 0.98 and 3.5% below the REITs industry median of 0.86. MIRARTH Real Estate Investment's overall GF Score™ is 51/100 with 5 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 MIRARTH Real Estate Investment (TSE:3492), the current PB Ratio is 0.83 as of Jul. 14, 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 MIRARTH Real Estate Investment (TSE:3492) Overvalued in 2026?
Based on GuruFocus' analysis, MIRARTH Real Estate Investment stock appears to be undervalued.
The current stock price of 円82,800.00 is trading 20.2% below its estimated GF Value™ of 円103,798.15.
GuruFocus considers MIRARTH Real Estate Investment to be Modestly Undervalued.
Key valuation signals for TSE:3492:
PB Ratio: 0.83 (15% below median its 10-year median of 0.98)
GF Value™: 円103,798.15 vs. price of 円82,800.00 (20.2% below fair value)
Industry Position: 3.5% below the REITs median (#436 of 929)
No single metric tells the full story. See the TSE:3492 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MIRARTH Real Estate Investment Business Description
MIRARTH Real Estate Investment Corp is a J-REIT that invests in residential properties, as well as office buildings, retail facilities, hotels, and other properties. It aims to build a diverse, comprehensive portfolio consisting of residential, office, hotel, commercial, and other properties by maximizing the strengths of each sponsor company through property development, property revitalization, and flexible property acquisition in the external real estate market.
51GF Score
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