Orix Jreit (FRA:O2F) PE Ratio without NRI: 18.24 (As of Jun. 25, 2026) — 25% Below Median


FRA:O2F Orix Jreit Inc FRA:O2F
71 GF Score
Price €500.00
GF Value €523.50
! 5 Warning Signs
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What is Orix Jreit PE Ratio without NRI?

Orix Jreit FRA:O2F +1.21% 71 PE Ratio without NRI is 18.24 as of Jun. 25, 2026, which is 25% below its 10-year median of 24.38. GuruFocus rates FRA:O2F with a GF Score™ of 71/100 and a GF Value™ of €523.50. The stock has 5 warning signs investors should review. Among 752 REITs companies, Orix Jreit ranks worse than 67.95% on this metric.

The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. As of today (2026-06-25), Orix Jreit's share price is €500.00. Orix Jreit's EPS without NRI for the trailing twelve months (TTM) ended in Feb. 2026 was €27.42. Therefore, Orix Jreit's PE Ratio without NRI for today is 18.24.

During the past 13 years, Orix Jreit's highest PE Ratio without NRI was 35.00. The lowest was 15.06. And the median was 24.38.

Orix Jreit's EPS without NRI for the six months ended in Feb. 2026 was €14.23. Its EPS without NRI for the trailing twelve months (TTM) ended in Feb. 2026 was €27.42.

As of today (2026-06-25), Orix Jreit's share price is €500.00. Orix Jreit's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Feb. 2026 was €27.42. Therefore, Orix Jreit's PE Ratio (TTM) for today is 18.24.

During the past years, Orix Jreit's highest PE Ratio (TTM) was 35.00. The lowest was 15.06. And the median was 24.41.

Orix Jreit's EPS (Diluted) for the six months ended in Feb. 2026 was €14.23. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Feb. 2026 was €27.42.

Orix Jreit's EPS (Basic) for the six months ended in Feb. 2026 was €14.23. Its EPS (Basic) for the trailing twelve months (TTM) ended in Feb. 2026 was €27.42.


Orix Jreit  (FRA:O2F) PE Ratio without NRI Explanation

The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.

In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.

If a company loses money, the PE Ratio becomes meaningless.

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.

Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.

Similar to the PE Ratio or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio without NRI measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio.


Orix Jreit PE Ratio without NRI Related Terms


Orix Jreit PE Ratio without NRI Historical Data

* Premium members only.

The historical data trend for Orix Jreit's PE Ratio without NRI 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.

Orix Jreit PE Ratio without NRI Chart

Orix Jreit Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
PE Ratio without NRI
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.81 25.02 26.23 18.17 23.01

Orix Jreit Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
PE Ratio without NRI Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only At Loss 18.17 At Loss 23.01 At Loss

FRA:O2F vs BXP, ARE, VNO: PE Ratio without NRI Comparison

For the REIT - Office subindustry, Orix Jreit's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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.


Orix Jreit PE Ratio without NRI vs REITs Industry

For the REITs industry and Real Estate sector, Orix Jreit's PE Ratio without NRI distribution charts can be found below:

* The bar in red indicates where Orix Jreit's PE Ratio without NRI falls into.


FRA:O2F
71GF Score
Orix Jreit Inc FRA:O2F
PE Ratio without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
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Orix Jreit PE Ratio without NRI Calculation

The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. Regular PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than regular PE Ratio.

Orix Jreit's PE Ratio without NRI for today is calculated as

PE Ratio without NRI=Share Price/ EPS without NRI
=500.00/27.418
=18.24

Orix Jreit's Share Price of today is €500.00.
For company reported semi-annually, Orix Jreit's EPS without NRI for the trailing twelve months (TTM) ended in Feb. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was €27.42.

* 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.

There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio, Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

In the calculation of PE Ratio (TTM), the earnings per share used are the earnings per share over the past 12 months.

For Forward PE Ratio, the earnings are the expected earnings for the next twelve months.

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.

Frequently Asked Questions Learn more about PE Ratio without NRI →
What does a PE Ratio without NRI of 18.24 mean?
Orix Jreit (FRA:O2F) has a PE Ratio without NRI of 18.24 as of Jun. 25, 2026. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on Orix Jreit and its competitors. This is 25% below median its historical median of 24.38. Over the past decade, Orix Jreit's PE Ratio without NRI has ranged from 15.06 to 35.00. According to the industry distribution chart, Orix Jreit ranks #511 out of 752 companies in the REITs industry, placing it in the top 68%.
Is Orix Jreit's PE Ratio without NRI too high?
Orix Jreit's current PE Ratio without NRI of 18.24 is 25% below median its 10-year median of 24.38. Over the past 10 years, this metric has ranged from a low of 15.06 to a high of 35.00. The REITs industry median PE Ratio without NRI is 13.92. Orix Jreit's value of 18.24 is 31% above this industry median. Based on the distribution chart, Orix Jreit ranks #511 out of 752 companies in the REITs industry, which is below the industry midpoint. Overall, Orix Jreit has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Orix Jreit's PE Ratio without NRI compare to BXP and ARE?
According to the REITs industry distribution chart, Orix Jreit ranks #511 out of 752 companies for PE Ratio without NRI. This places Orix Jreit in the lower half of its industry. The industry median PE Ratio without NRI is 13.92. Orix Jreit's value of 18.24 is 31% above this benchmark. Historically, Orix Jreit's own PE Ratio without NRI has ranged from 15.06 to 35.00 over the past decade. While the company's 10-year median is 24.38 vs. the industry median of 13.92, Orix Jreit 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 PE Ratio without NRI for a REITs company?
The median PE Ratio without NRI among REITs companies is 13.92, based on 752 companies in the industry. Companies in the top quartile (top 25%) have a PE Ratio without NRI significantly above this median, while those in the bottom quartile fall well below. However, PE Ratio without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Orix Jreit's current PE Ratio without NRI of 18.24 is 31% 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 PE Ratio without NRI mean?
A high PE Ratio without NRI can signal that a stock is expensive relative to its fundamentals. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on Orix Jreit and its competitors. For the REITs industry, the median PE Ratio without NRI is 13.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Orix Jreit's current PE Ratio without NRI is 18.24, which is 25% below median its own 10-year median of 24.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orix Jreit stock overvalued right now?
Orix Jreit (FRA:O2F) has a current PE Ratio without NRI of 18.24. The stock's GF Value™ is €523.50, compared to a current price of €500.00 — trading 4.5% below its estimated fair value. The current PE Ratio without NRI is 18.24, which is 25% below median its 10-year median of 24.38 and 31% above the REITs industry median of 13.92. Orix Jreit's overall GF Score™ is 71/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PE Ratio without NRI calculated?
PE Ratio without NRI is calculated from a company's financial statements. For Orix Jreit (FRA:O2F), the current PE Ratio without NRI is 18.24 as of Jun. 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 Orix Jreit (FRA:O2F) Overvalued in 2026?

Based on GuruFocus' analysis, Orix Jreit stock appears to be undervalued. The current stock price of €500.00 is trading 4.5% below its estimated GF Value™ of €523.50.

Key valuation signals for FRA:O2F:

  • PE Ratio without NRI: 18.24 (25% below median its 10-year median of 24.38)
  • GF Value™: €523.50 vs. price of €500.00 (4.5% below fair value)
  • GF Score™: 71/100 with 5 warning signs
  • Industry Position: 31% above the REITs median (#511 of 752)

No single metric tells the full story. See the FRA:O2F stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Orix Jreit Business Description

Industry Real EstateREITs
Other Exchanges 8954:Japan
Address 2-3-1 Hamamatsucho, Minato-ku, Tokyo, JPN, 105-6135
Orix Jreit Inc is a real estate investment trust engaged in the acquisition, ownership, and leasing of properties throughout Japan. In terms of asset acquisition price, the majority of the company's real estate portfolio comprises office buildings. Retail facilities and residential properties together also make up a considerable percentage of this portfolio. Orix JREIT's real estate assets are mostly located in the Greater Tokyo area, with those in the Central Wards of Tokyo representing the geographic segment in terms of property acquisition price. The company derives nearly all of its income in the form of rental revenue from tenants.
71GF Score

Get the complete analysis for FRA:O2F

PE Ratio without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€500.00
Price
€523.50
GF Value