Tokaido REIT (TSE:2989) Price-to-Tangible-Book : 1.29 (As of Jun. 14, 2024)

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What is Tokaido REIT Price-to-Tangible-Book?

As of today (2024-06-14), Tokaido REIT's share price is 円122000.00. Tokaido REIT's Tangible Book per Share of Jul. 2023 for the quarter that ended in Jul. 2023 was 円94,682.24. Hence, Tokaido REIT's Price to Tangible Book Ratio of today is 1.29.

The historical rank and industry rank for Tokaido REIT's Price-to-Tangible-Book or its related term are showing as below:

TSE:2989' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.22 Med: 1.27 Max: 1.34
Current: 1.29

During the past 3 years, Tokaido REIT's highest Price to Tangible Book Ratio was 1.34. The lowest was 1.22. And the median was 1.27.

TSE:2989's Price-to-Tangible-Book is ranked worse than
82.48% of 839 companies
in the REITs industry
Industry Median: 0.81 vs TSE:2989: 1.29

A closely related ratio is called PB Ratio. As of today, Tokaido REIT's share price is 円122000.00. Tokaido REIT's Book Value per Sharefor the quarter that ended in Jul. 2023 was 円103,245.30. Hence, Tokaido REIT's P/B Ratio of today is 1.18.

Tokaido REIT Price-to-Tangible-Book Historical Data

The historical data trend for Tokaido REIT's Price-to-Tangible-Book 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.

* Premium members only.

Tokaido REIT Price-to-Tangible-Book Chart

Tokaido REIT Annual Data

Trend

Jul21

Jan22

Jul23

Price-to-Tangible-Book

1.34

1.22

1.27

Tokaido REIT Semi-Annual Data
	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Price-to-Tangible-Book	Get a 7-Day Free Trial			1.22	1.42	1.40	1.27	-

Competitive Comparison of Tokaido REIT's Price-to-Tangible-Book

For the REIT - Diversified subindustry, Tokaido REIT's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.

Tokaido REIT's Price-to-Tangible-Book Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Tokaido REIT's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Tokaido REIT's Price-to-Tangible-Book falls into.

Tokaido REIT Price-to-Tangible-Book Calculation

Tokaido REIT's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Jul. 2023 )
	=	122000.00	/	94682.235
	=	1.29

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Tokaido REIT Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Tokaido REIT's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Tokaido REIT (TSE:2989) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Tokaido REIT Inc (TSE:2989) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-14-3 Nagatacho, Chiyoda-ku, Tokyo, JPN, 100-0014

Website

Tokaido REIT Inc is a real estate investment trust that focuses on the Tokaido area, mainly Shizuoka, Aichi, and Mie prefectures. Its Investment targets are divided into two types including "Industrial infrastructure assets" targeting logistics facilities and office buildings, and "Living infrastructure assets" for residential and commercial facilities.

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