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Tokaido REITTSE:2989 +0.39%44 PS Ratio is 7.09 as of Jul. 15, 2026, which is 24% below its 10-year median of 9.31. GuruFocus rates TSE:2989 with a GF Score™ of 44/100 and a GF Value™ of 円129,721.38 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 910 REITs companies, Tokaido REIT ranks worse than 54.4% on this metric.
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, Tokaido REIT's share price is 円103600.00.
Tokaido REIT's Revenue per Share for the trailing twelve months (TTM) ended in Jan. 2026 was 円14,604.75. Hence, Tokaido REIT's PS Ratio for today is 7.09.
Good Sign:
Tokaido REIT Inc stock PS Ratio (=7.13) is close to 5-year low of 6.9.
The historical rank and industry rank for Tokaido REIT's PS Ratio or its related term are showing as below:
TSE:2989'
s PS Ratio Range Over the Past 10 Years
Min: 6.9 Med: 9.31 Max: 10.67
Current: 7.1
During the past 5 years, Tokaido REIT's highest PS Ratio was 10.67. The lowest was 6.90. And the median was 9.31.
TSE:2989's PS Ratio is ranked worse than 54.4% of 910
companies
in the REITs industry
Industry Median: 6.695
vs TSE:2989: 7.10
During the past 12 months, the average Revenue per Share Growth Rate of Tokaido REIT was 3.80% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 6.90% per year.
During the past 5 years, Tokaido REIT's highest 3-Year average Revenue per Share Growth Rate was 6.90% per year. The lowest was 6.90% per year. And the median was 6.90% per year.
Back to Basics: PS Ratio
Tokaido REIT (TSE:2989) 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.
Tokaido REIT PS Ratio Related Terms
Tokaido REIT PS Ratio Historical Data
* Premium members only.
The historical data trend for Tokaido 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 - Diversified subindustry, Tokaido 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.
Tokaido REIT PS Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Tokaido REIT's PS Ratio distribution charts can be found below:
* The bar in red indicates where Tokaido 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.
Tokaido REIT's PS Ratio for today is calculated as
Tokaido REIT's Share Price of today is 円103600.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Tokaido REIT's Revenue per Share for the trailing twelve months (TTM) ended in Jan. 2026 was 円14,604.75.
* 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:
Tokaido REIT (TSE:2989) has a PS Ratio of 7.09 as of Jul. 15, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Tokaido REIT and its competitors. This is 24% below median its historical median of 9.31. Over the past decade, Tokaido REIT's PS Ratio has ranged from 6.90 to 10.67. According to the industry distribution chart, Tokaido REIT ranks #495 out of 910 companies in the REITs industry, placing it in the top 54.4%.
Is Tokaido REIT's PS Ratio too high?
Tokaido REIT's current PS Ratio of 7.09 is 24% below median its 10-year median of 9.31. Over the past 10 years, this metric has ranged from a low of 6.90 to a high of 10.67. The REITs industry median PS Ratio is 6.70. Tokaido REIT's value of 7.09 is 5.9% above this industry median. Based on the distribution chart, Tokaido REIT ranks #495 out of 910 companies in the REITs industry, which is below the industry midpoint. Overall, Tokaido REIT has a GF Score™ of 44/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tokaido REIT's PS Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Tokaido REIT ranks #495 out of 910 companies for PS Ratio. This places Tokaido REIT in the lower half of its industry. The industry median PS Ratio is 6.70. Tokaido REIT's value of 7.09 is 5.9% above this benchmark. Historically, Tokaido REIT's own PS Ratio has ranged from 6.90 to 10.67 over the past decade. While the company's 10-year median is 9.31 vs. the industry median of 6.70, Tokaido 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 6.70, based on 910 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. Tokaido REIT's current PS Ratio of 7.09 is 5.9% 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 Tokaido REIT and its competitors. For the REITs industry, the median PS Ratio is 6.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokaido REIT's current PS Ratio is 7.09, which is 24% below median its own 10-year median of 9.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokaido REIT stock overvalued right now?
Based on GuruFocus' analysis, Tokaido REIT (TSE:2989) is currently considered Modestly Undervalued. The stock's GF Value™ is 円129,721.38, compared to a current price of 円103,600.00 — trading 20.1% below its estimated fair value. The current PS Ratio is 7.09, which is 24% below median its 10-year median of 9.31 and 5.9% above the REITs industry median of 6.70. Tokaido REIT's overall GF Score™ is 44/100 with 4 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 Tokaido REIT (TSE:2989), the current PS Ratio is 7.09 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 Tokaido REIT (TSE:2989) Overvalued in 2026?
Based on GuruFocus' analysis, Tokaido REIT stock appears to be undervalued.
The current stock price of 円103,600.00 is trading 20.1% below its estimated GF Value™ of 円129,721.38.
GuruFocus considers Tokaido REIT to be Modestly Undervalued.
Key valuation signals for TSE:2989:
PS Ratio: 7.09 (24% below median its 10-year median of 9.31)
GF Value™: 円129,721.38 vs. price of 円103,600.00 (20.1% below fair value)
Industry Position: 5.9% above the REITs median (#495 of 910)
No single metric tells the full story. See the TSE:2989 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
44GF Score
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