MIRAI (TSE:3476) Price-to-Tangible-Book : 0.99 (As of May. 26, 2024)

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What is MIRAI Price-to-Tangible-Book?

As of today (2024-05-26), MIRAI's share price is 円45350.00. MIRAI's Tangible Book per Share of Apr. 2023 for the quarter that ended in Apr. 2023 was 円45,761.49. Hence, MIRAI's Price to Tangible Book Ratio of today is 0.99.

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

TSE:3476' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.79 Med: 1.01 Max: 1.42
Current: 0.99

During the past 7 years, MIRAI's highest Price to Tangible Book Ratio was 1.42. The lowest was 0.79. And the median was 1.01.

TSE:3476's Price-to-Tangible-Book is ranked worse than
66.15% of 839 companies
in the REITs industry
Industry Median: 0.83 vs TSE:3476: 0.99

A closely related ratio is called PB Ratio. As of today, MIRAI's share price is 円45350.00. MIRAI's Book Value per Sharefor the quarter that ended in Apr. 2023 was 円45,769.53. Hence, MIRAI's P/B Ratio of today is 0.99.

MIRAI Price-to-Tangible-Book Historical Data

The historical data trend for MIRAI'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.

MIRAI Price-to-Tangible-Book Chart

MIRAI Annual Data

Trend

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.98

1.42

0.79

1.16

1.05

MIRAI Semi-Annual Data
	May16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Price-to-Tangible-Book	Get a 7-Day Free Trial									1.09	1.16	1.11	1.05	0.99

Competitive Comparison of MIRAI's Price-to-Tangible-Book

For the REIT - Diversified subindustry, MIRAI'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.

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

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

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

MIRAI Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Apr. 2023 )
	=	45350.00	/	45761.485
	=	0.99

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.

MIRAI Price-to-Tangible-Book Related Terms

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

MIRAI (TSE:3476) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » MIRAI Corp (TSE:3476) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, No. 1, Nishikamada, Chiyoda-ku, Tokyo, JPN, 101-0065

Website

http://www.3476.jp

MIRAI Corp is a Japanese real estate investment trust. The company invests in diversified portfolio of real estate properties including office buildings, retail properties and hotel.

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