CRE Logistics REITTSE:3487 +0.56%67 PE Ratio without NRI is 19.88 as of Jul. 06, 2026, which is 16% below its 10-year median of 23.72. GuruFocus rates TSE:3487 with a GF Score™ of 67/100 and a GF Value™ of 円154,251.90 (Fairly Valued). The stock has 8 warning signs investors should review. Among 751 REITs companies, CRE Logistics REIT ranks worse than 66.84% 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 (2026-07-06), CRE Logistics REIT's share price is 円142900.00.
CRE Logistics REIT's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 was 円7,187.00. Therefore, CRE Logistics REIT's PE Ratio without NRI for today is 19.88.
During the past 9 years, CRE Logistics REIT's highest PE Ratio without NRI was 42.31. The lowest was 16.11. And the median was 23.72.
CRE Logistics REIT's
EPS (Diluted) for the
six
months ended in Dec. 2025 was 円3,623.88.
Its EPS (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was 円7,187.00.
CRE Logistics REIT's EPS (Basic) for the
six
months ended in Dec. 2025 was 円3,623.88.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Dec. 2025 was 円7,187.00.
CRE Logistics REIT (TSE:3487) 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.
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.
CRE Logistics REIT PE Ratio without NRI Related Terms
CRE Logistics REIT PE Ratio without NRI Historical Data
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The historical data trend for CRE Logistics REIT'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.
TSE:3487 vs VICI, WPC: PE Ratio without NRI Comparison
For the REIT - Diversified subindustry, CRE Logistics REIT'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.
CRE Logistics REIT PE Ratio without NRI vs REITs Industry
For the REITs industry and Real Estate sector, CRE Logistics REIT's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where CRE Logistics REIT's PE Ratio without NRI falls into.
CRE Logistics REIT 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.
CRE Logistics REIT's Share Price of today is 円142900.00.
For company reported semi-annually, CRE Logistics REIT's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円7,187.00.
* 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.
CRE Logistics REIT (TSE:3487) has a PE Ratio without NRI of 19.88 as of Jul. 06, 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 CRE Logistics REIT and its competitors. This is 16% below median its historical median of 23.72. Over the past decade, CRE Logistics REIT's PE Ratio without NRI has ranged from 16.11 to 42.31. According to the industry distribution chart, CRE Logistics REIT ranks #502 out of 751 companies in the REITs industry, placing it in the top 66.8%.
Is CRE Logistics REIT's PE Ratio without NRI too high?
CRE Logistics REIT's current PE Ratio without NRI of 19.88 is 16% below median its 10-year median of 23.72. Over the past 10 years, this metric has ranged from a low of 16.11 to a high of 42.31. The REITs industry median PE Ratio without NRI is 14.13. CRE Logistics REIT's value of 19.88 is 40.7% above this industry median. Based on the distribution chart, CRE Logistics REIT ranks #502 out of 751 companies in the REITs industry, which is below the industry midpoint. Overall, CRE Logistics REIT has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CRE Logistics REIT's PE Ratio without NRI compare to VICI and WPC?
According to the REITs industry distribution chart, CRE Logistics REIT ranks #502 out of 751 companies for PE Ratio without NRI. This places CRE Logistics REIT in the lower half of its industry. The industry median PE Ratio without NRI is 14.13. CRE Logistics REIT's value of 19.88 is 40.7% above this benchmark. Historically, CRE Logistics REIT's own PE Ratio without NRI has ranged from 16.11 to 42.31 over the past decade. While the company's 10-year median is 23.72 vs. the industry median of 14.13, CRE Logistics 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 PE Ratio without NRI for a REITs company?
The median PE Ratio without NRI among REITs companies is 14.13, based on 751 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. CRE Logistics REIT's current PE Ratio without NRI of 19.88 is 40.7% 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 CRE Logistics REIT and its competitors. For the REITs industry, the median PE Ratio without NRI is 14.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CRE Logistics REIT's current PE Ratio without NRI is 19.88, which is 16% below median its own 10-year median of 23.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CRE Logistics REIT stock overvalued right now?
Based on GuruFocus' analysis, CRE Logistics REIT (TSE:3487) is currently considered Fairly Valued. The stock's GF Value™ is 円154,251.90, compared to a current price of 円142,900.00 — trading 7.4% below its estimated fair value. The current PE Ratio without NRI is 19.88, which is 16% below median its 10-year median of 23.72 and 40.7% above the REITs industry median of 14.13. CRE Logistics REIT's overall GF Score™ is 67/100 with 8 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 CRE Logistics REIT (TSE:3487), the current PE Ratio without NRI is 19.88 as of Jul. 06, 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 CRE Logistics REIT (TSE:3487) Overvalued in 2026?
Based on GuruFocus' analysis, CRE Logistics REIT stock appears to be undervalued.
The current stock price of 円142,900.00 is trading 7.4% below its estimated GF Value™ of 円154,251.90.
GuruFocus considers CRE Logistics REIT to be Fairly Valued.
Key valuation signals for TSE:3487:
PE Ratio without NRI: 19.88 (16% below median its 10-year median of 23.72)
GF Value™: 円154,251.90 vs. price of 円142,900.00 (7.4% below fair value)
Industry Position: 40.7% above the REITs median (#502 of 751)
No single metric tells the full story. See the TSE:3487 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CRE Logistics REIT Inc is a Japanese Real estate investment trust. The company focuses on logistics properties to deliver comprehensive services that span the development of logistics properties to leasing, and property management. It portfolio consist of Logisquare Kuki, Logisquare Tosu, and Logisquare Hanyu.
67GF Score
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PE Ratio without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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