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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 (2026-07-15), Starts Proceed Investment's share price is
円189500.00.
Starts Proceed Investment's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Oct. 2025 was 円9,510.60. Therefore, Starts Proceed Investment's PE Ratio (TTM) for today is 19.93.
The historical rank and industry rank for Starts Proceed Investment's PE Ratio (TTM) or its related term are showing as below:
TSE:8979'
s PE Ratio (TTM) Range Over the Past 10 Years
Min: 15.83 Med: 20.35 Max: 28.71
Current: 19.93
During the past 13 years, the highest PE Ratio (TTM) of Starts Proceed Investment was 28.71. The lowest was 15.83. And the median was 20.35.
TSE:8979's PE Ratio (TTM) is ranked worse than 69.26% of 745
companies
in the REITs industry
Industry Median: 13.52
vs TSE:8979: 19.93
During the past 12 months, Starts Proceed Investment's average EPS without NRIGrowth Rate was -3.40% per year.
During the past 3 years, the average EPS without NRIGrowth Rate was -0.90% per year.
During the past 5 years, the average EPS without NRIGrowth Rate was -2.70% per year.
During the past 10 years, the average EPS without NRIGrowth Rate was 1.30% per year.
During the past 13 years, Starts Proceed Investment's highest 3-Year average EPS without NRI Growth Rate was 7.80% per year. The lowest was -8.20% per year. And the median was 2.25% per year.
Starts Proceed Investment (TSE:8979) 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).
Starts Proceed Investment PE Ratio (TTM) Related Terms
Starts Proceed Investment PE Ratio (TTM) 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.
TSE:8979 vs AVB, EQR, ESS: PE Ratio (TTM) Comparison
For the REIT - Residential subindustry, Starts Proceed Investment'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.
Starts Proceed Investment PE Ratio (TTM) vs REITs Industry
For the REITs industry and Real Estate sector, Starts Proceed Investment's PE Ratio (TTM) distribution charts can be found below:
* The bar in red indicates where Starts Proceed Investment's PE Ratio (TTM) falls into.
Starts Proceed Investment PE Ratio (TTM) Calculation
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.
Starts Proceed Investment's Share Price of today is 円189500.00.
For company reported semi-annually, Starts Proceed Investment's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Oct. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円9,510.60.
* 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.
Starts Proceed Investment (TSE:8979) has a PE Ratio (TTM) of 19.93 as of Jul. 15, 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 Starts Proceed Investment and its competitors. This is near median its historical median of 20.35. Over the past decade, Starts Proceed Investment's PE Ratio (TTM) has ranged from 15.83 to 28.71. According to the industry distribution chart, Starts Proceed Investment ranks #516 out of 745 companies in the REITs industry, placing it in the top 69.3%.
Is Starts Proceed Investment's PE Ratio (TTM) too high?
Starts Proceed Investment's current PE Ratio (TTM) of 19.93 is near median its 10-year median of 20.35. Over the past 10 years, this metric has ranged from a low of 15.83 to a high of 28.71. The REITs industry median PE Ratio (TTM) is 13.52. Starts Proceed Investment's value of 19.93 is 47.4% above this industry median. Based on the distribution chart, Starts Proceed Investment ranks #516 out of 745 companies in the REITs industry, which is below the industry midpoint. Overall, Starts Proceed Investment has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Starts Proceed Investment's PE Ratio (TTM) compare to AVB and EQR?
According to the REITs industry distribution chart, Starts Proceed Investment ranks #516 out of 745 companies for PE Ratio (TTM). This places Starts Proceed Investment in the lower half of its industry. The industry median PE Ratio (TTM) is 13.52. Starts Proceed Investment's value of 19.93 is 47.4% above this benchmark. Historically, Starts Proceed Investment's own PE Ratio (TTM) has ranged from 15.83 to 28.71 over the past decade. While the company's 10-year median is 20.35 vs. the industry median of 13.52, Starts Proceed Investment 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 13.52, 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. Starts Proceed Investment's current PE Ratio (TTM) of 19.93 is 47.4% 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 Starts Proceed Investment and its competitors. For the REITs industry, the median PE Ratio (TTM) is 13.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Starts Proceed Investment's current PE Ratio (TTM) is 19.93, which is near median its own 10-year median of 20.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starts Proceed Investment stock overvalued right now?
Based on GuruFocus' analysis, Starts Proceed Investment (TSE:8979) is currently considered Modestly Undervalued. The stock's GF Value™ is 円211,929.81, compared to a current price of 円189,500.00 — trading 10.6% below its estimated fair value. The current PE Ratio (TTM) is 19.93, which is near median its 10-year median of 20.35 and 47.4% above the REITs industry median of 13.52. Starts Proceed Investment's overall GF Score™ is 64/100 with 6 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 Starts Proceed Investment (TSE:8979), the current PE Ratio (TTM) is 19.93 as of Jul. 15, 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 Starts Proceed Investment (TSE:8979) Overvalued in 2026?
Based on GuruFocus' analysis, Starts Proceed Investment stock appears to be undervalued.
The current stock price of 円189,500.00 is trading 10.6% below its estimated GF Value™ of 円211,929.81.
GuruFocus considers Starts Proceed Investment to be Modestly Undervalued.
Key valuation signals for TSE:8979:
PE Ratio (TTM): 19.93 (near median its 10-year median of 20.35)
GF Value™: 円211,929.81 vs. price of 円189,500.00 (10.6% below fair value)
Industry Position: 47.4% above the REITs median (#516 of 745)
No single metric tells the full story. See the TSE:8979 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Starts Proceed Investment Corp operates as a REIT in Japan. The Company invests in lease real estate properties, short-term leasing apartments, and special feature business hotel.
64GF Score
Get the complete analysis for TSE:8979
PE Ratio (TTM) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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