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The PE Ratio (TTM), or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2026-07-23), Heiwa Real Estate REIT's share price is
円134400.00.
Heiwa Real Estate REIT's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in May. 2026 was 円8,696.67. Therefore, Heiwa Real Estate REIT's PE Ratio (TTM) for today is 15.45.
Good Sign:
Heiwa Real Estate REIT Inc stock PE Ratio (=16.47) is close to 5-year low of 15.95.
The historical rank and industry rank for Heiwa Real Estate REIT's PE Ratio (TTM) or its related term are showing as below:
TSE:8966'
s PE Ratio (TTM) Range Over the Past 10 Years
Min: 13.42 Med: 25.08 Max: 34.17
Current: 15.46
During the past 13 years, the highest PE Ratio (TTM) of Heiwa Real Estate REIT was 34.17. The lowest was 13.42. And the median was 25.08.
TSE:8966's PE Ratio (TTM) is ranked worse than 58.39% of 745
companies
in the REITs industry
Industry Median: 13.45
vs TSE:8966: 15.46
During the past 12 months, Heiwa Real Estate REIT's average EPS without NRIGrowth Rate was 15.80% per year.
During the past 3 years, the average EPS without NRIGrowth Rate was 9.80% per year.
During the past 5 years, the average EPS without NRIGrowth Rate was 6.80% per year.
During the past 10 years, the average EPS without NRIGrowth Rate was 8.70% per year.
During the past 13 years, Heiwa Real Estate REIT's highest 3-Year average EPS without NRI Growth Rate was 11.70% per year. The lowest was -42.50% per year. And the median was 6.35% per year.
Heiwa Real Estate REIT's EPS (Basic) for the
six
months ended in May. 2026 was 円4,536.56.
Its EPS (Basic) for the trailing twelve months (TTM) ended in May. 2026 was 円8,696.67.
Heiwa Real Estate REIT (TSE:8966) PE Ratio (TTM) Explanation
The PE Ratio (TTM) 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 (TTM) 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 (TTM) is positive. Also for stocks with the same PE Ratio (TTM), the one with faster growth business is more attractive.
If a company loses money, the PE Ratio (TTM) 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 (TTM) divided by the growth ratio. He thinks a company with a PE Ratio (TTM) 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 (TTM) of 20, instead of a company growing 10% a year with a PE Ratio (TTM) of 10.
Because the PE Ratio (TTM) measures how long it takes to earn back the price you pay, the PE Ratio (TTM) 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 (TTM) 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 (TTM)s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio (TTM) is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .
PE Ratio (TTM) can also be affected by non-recurring-items 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 PE Ratio (TTM).
Heiwa Real Estate REIT PE Ratio (TTM) Related Terms
Heiwa Real Estate REIT PE Ratio (TTM) Historical Data
* Premium members only.
The historical data trend for Heiwa Real Estate REIT's PE Ratio (TTM) 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.
For the REIT - Diversified subindustry, Heiwa Real Estate REIT's PE Ratio (TTM), along with its competitors' market caps and PE Ratio (TTM) 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.
Heiwa Real Estate REIT PE Ratio (TTM) vs REITs Industry
For the REITs industry and Real Estate sector, Heiwa Real Estate REIT's PE Ratio (TTM) distribution charts can be found below:
* The bar in red indicates where Heiwa Real Estate REIT's PE Ratio (TTM) falls into.
The PE Ratio (TTM), or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.
Heiwa Real Estate REIT's Share Price of today is 円134400.00.
For company reported semi-annually, Heiwa Real Estate REIT's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in May. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円8,696.67.
* 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:
There are at least three kinds of PE Ratio (TTM)s used by different investors. They are Trailing Twelve Month PE Ratio (TTM) or PE Ratio (TTM) (TTM), Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio (TTM) based on inflation-adjusted normalized PE Ratio (TTM) is called Shiller PE Ratio, after Yale professor Robert Shiller.
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. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.
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.
Heiwa Real Estate REIT (TSE:8966) has a PE Ratio (TTM) of 15.45 as of Jul. 23, 2026. Trailing 12-month P/E ratio is the ratio of share price to a company's trailing 12-month earnings per share. View historical data on Heiwa Real Estate REIT and its competitors. This is 38% below median its historical median of 25.08. Over the past decade, Heiwa Real Estate REIT's PE Ratio (TTM) has ranged from 13.42 to 34.17. According to the industry distribution chart, Heiwa Real Estate REIT ranks #435 out of 745 companies in the REITs industry, placing it in the top 58.4%.
Is Heiwa Real Estate REIT's PE Ratio (TTM) too high?
Heiwa Real Estate REIT's current PE Ratio (TTM) of 15.45 is 38% below median its 10-year median of 25.08. Over the past 10 years, this metric has ranged from a low of 13.42 to a high of 34.17. The REITs industry median PE Ratio (TTM) is 13.45. Heiwa Real Estate REIT's value of 15.45 is 14.9% above this industry median. Based on the distribution chart, Heiwa Real Estate REIT ranks #435 out of 745 companies in the REITs industry, which is below the industry midpoint. Overall, Heiwa Real Estate REIT has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Heiwa Real Estate REIT's PE Ratio (TTM) compare to VICI and WPC?
According to the REITs industry distribution chart, Heiwa Real Estate REIT ranks #435 out of 745 companies for PE Ratio (TTM). This places Heiwa Real Estate REIT in the lower half of its industry. The industry median PE Ratio (TTM) is 13.45. Heiwa Real Estate REIT's value of 15.45 is 14.9% above this benchmark. Historically, Heiwa Real Estate REIT's own PE Ratio (TTM) has ranged from 13.42 to 34.17 over the past decade. While the company's 10-year median is 25.08 vs. the industry median of 13.45, Heiwa Real Estate 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 (TTM) for a REITs company?
The median PE Ratio (TTM) among REITs companies is 13.45, based on 745 companies in the industry. Companies in the top quartile (top 25%) have a PE Ratio (TTM) significantly above this median, while those in the bottom quartile fall well below. However, PE Ratio (TTM) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Heiwa Real Estate REIT's current PE Ratio (TTM) of 15.45 is 14.9% 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 (TTM) mean?
A high PE Ratio (TTM) can signal that a stock is expensive relative to its fundamentals. Trailing 12-month P/E ratio is the ratio of share price to a company's trailing 12-month earnings per share. View historical data on Heiwa Real Estate REIT and its competitors. For the REITs industry, the median PE Ratio (TTM) is 13.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heiwa Real Estate REIT's current PE Ratio (TTM) is 15.45, which is 38% below median its own 10-year median of 25.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heiwa Real Estate REIT stock overvalued right now?
Based on GuruFocus' analysis, Heiwa Real Estate REIT (TSE:8966) is currently considered Modestly Undervalued. The stock's GF Value™ is 円156,415.41, compared to a current price of 円134,400.00 — trading 14.1% below its estimated fair value. The current PE Ratio (TTM) is 15.45, which is 38% below median its 10-year median of 25.08 and 14.9% above the REITs industry median of 13.45. Heiwa Real Estate REIT's overall GF Score™ is 73/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PE Ratio (TTM) calculated?
PE Ratio (TTM) is calculated from a company's financial statements. For Heiwa Real Estate REIT (TSE:8966), the current PE Ratio (TTM) is 15.45 as of Jul. 23, 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 Heiwa Real Estate REIT (TSE:8966) Overvalued in 2026?
Based on GuruFocus' analysis, Heiwa Real Estate REIT stock appears to be undervalued.
The current stock price of 円134,400.00 is trading 14.1% below its estimated GF Value™ of 円156,415.41.
GuruFocus considers Heiwa Real Estate REIT to be Modestly Undervalued.
Key valuation signals for TSE:8966:
PE Ratio (TTM): 15.45 (38% below median its 10-year median of 25.08)
GF Value™: 円156,415.41 vs. price of 円134,400.00 (14.1% below fair value)
Industry Position: 14.9% above the REITs median (#435 of 745)
No single metric tells the full story. See the TSE:8966 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heiwa Real Estate REIT Inc is a real estate company that invests in office buildings and residential buildings located in the Tokyo Metropolitan Area and other cities across Japan. The company leases its buildings for rental revenue and renovates its properties. The tenants include both individuals and businesses from various industries such as wholesale and retail, manufacturing, and information and technology services.
73GF Score
Get the complete analysis for TSE:8966
PE Ratio (TTM) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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