The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Nippon Prologis REIT's share price is $532.49.
Nippon Prologis REIT's Revenue per Share for the trailing twelve months (TTM) ended in Nov. 2025 was $55.39. Hence, Nippon Prologis REIT's PS Ratio for today is 9.61.
Good Sign:
Nippon Prologis REIT Inc stock PS Ratio (=10.59) is close to 10-year low of 9.93.
The historical rank and industry rank for Nippon Prologis REIT's PS Ratio or its related term are showing as below:
NPONF'
s PS Ratio Range Over the Past 10 Years
Min: 9.93 Med: 14.21 Max: 21.25
Current: 10.59
During the past 12 years, Nippon Prologis REIT's highest PS Ratio was 21.25. The lowest was 9.93. And the median was 14.21.
NPONF's PS Ratio is ranked worse than 80.5% of 913
companies
in the REITs industry
Industry Median: 6.68
vs NPONF: 10.59
Nippon Prologis REIT Inc has shown predictable revenue and earnings growth.
During the past 12 months, the average Revenue per Share Growth Rate of Nippon Prologis REIT was 15.10% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 8.50% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 5.90% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 3.50% per year.
During the past 12 years, Nippon Prologis REIT's highest 3-Year average Revenue per Share Growth Rate was 8.50% per year. The lowest was -3.10% per year. And the median was 4.40% per year.
Back to Basics: PS Ratio
Nippon Prologis REIT (OTCPK:NPONF) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Nippon Prologis REIT PS Ratio Related Terms
Nippon Prologis REIT PS Ratio Historical Data
* Premium members only.
The historical data trend for Nippon Prologis REIT's PS Ratio 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 - Industrial subindustry, Nippon Prologis REIT's PS Ratio, along with its competitors' market caps and PS Ratio 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.
Nippon Prologis REIT PS Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Nippon Prologis REIT's PS Ratio distribution charts can be found below:
* The bar in red indicates where Nippon Prologis REIT's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Nippon Prologis REIT's Share Price of today is $532.49.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Nippon Prologis REIT's Revenue per Share for the trailing twelve months (TTM) ended in Nov. 2025 was $55.39.
* 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:
Nippon Prologis REIT (NPONF) has a PS Ratio of 9.61 as of Jul. 11, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Nippon Prologis REIT and its competitors. This is 32% below median its historical median of 14.21. Over the past decade, Nippon Prologis REIT's PS Ratio has ranged from 9.93 to 21.25. According to the industry distribution chart, Nippon Prologis REIT ranks #735 out of 913 companies in the REITs industry, placing it in the top 80.5%.
Is Nippon Prologis REIT's PS Ratio too high?
Nippon Prologis REIT's current PS Ratio of 9.61 is 32% below median its 10-year median of 14.21. Over the past 10 years, this metric has ranged from a low of 9.93 to a high of 21.25. The REITs industry median PS Ratio is 6.68. Nippon Prologis REIT's value of 9.61 is 43.9% above this industry median. Based on the distribution chart, Nippon Prologis REIT ranks #735 out of 913 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Nippon Prologis REIT has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Nippon Prologis REIT's PS Ratio compare to PLD and PSA?
According to the REITs industry distribution chart, Nippon Prologis REIT ranks #735 out of 913 companies for PS Ratio. This places Nippon Prologis REIT in the lower half of its industry. The industry median PS Ratio is 6.68. Nippon Prologis REIT's value of 9.61 is 43.9% above this benchmark. Historically, Nippon Prologis REIT's own PS Ratio has ranged from 9.93 to 21.25 over the past decade. While the company's 10-year median is 14.21 vs. the industry median of 6.68, Nippon Prologis 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 PS Ratio for a REITs company?
The median PS Ratio among REITs companies is 6.68, based on 913 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nippon Prologis REIT's current PS Ratio of 9.61 is 43.9% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Nippon Prologis REIT and its competitors. For the REITs industry, the median PS Ratio is 6.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Prologis REIT's current PS Ratio is 9.61, which is 32% below median its own 10-year median of 14.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Prologis REIT stock overvalued right now?
Nippon Prologis REIT (NPONF) has a current PS Ratio of 9.61. The stock's GF Value™ is $565.48, compared to a current price of $532.49 — trading 5.8% below its estimated fair value. The current PS Ratio is 9.61, which is 32% below median its 10-year median of 14.21 and 43.9% above the REITs industry median of 6.68. Nippon Prologis REIT's overall GF Score™ is 71/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Nippon Prologis REIT (NPONF), the current PS Ratio is 9.61 as of Jul. 11, 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 Nippon Prologis REIT (NPONF) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Prologis REIT stock appears to be undervalued.
The current stock price of $532.49 is trading 5.8% below its estimated GF Value™ of $565.48.
Key valuation signals for NPONF:
PS Ratio: 9.61 (32% below median its 10-year median of 14.21)
GF Value™: $565.48 vs. price of $532.49 (5.8% below fair value)
Industry Position: 43.9% above the REITs median (#735 of 913)
No single metric tells the full story. See the NPONF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Prologis REIT Inc is focused on logistics facilities in Japan. Its investment objective is to maximize unit holder value through a portfolio that generates stable income and achieves steady growth. It invests in high quality Class-A logistics facilities, owning and operating them for medium- to long-term purposes.
71GF Score
Get the complete analysis for NPONF
PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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