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GLP J-REITTSE:3281 +0.35%75 PS Ratio is 11.47 as of Jul. 16, 2026, which is 10% below its 10-year median of 12.70. GuruFocus rates TSE:3281 with a GF Score™ of 75/100 and a GF Value™ of 円145,859.00 (Fairly Valued). The stock has 6 warning signs investors should review. Among 909 REITs companies, GLP J-REIT ranks worse than 84.49% 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, GLP J-REIT's share price is 円141800.00.
GLP J-REIT's Revenue per Share for the trailing twelve months (TTM) ended in Feb. 2026 was 円12,364.85. Hence, GLP J-REIT's PS Ratio for today is 11.47.
Good Sign:
GLP J-REIT stock PS Ratio (=11.21) is close to 5-year low of 10.53.
The historical rank and industry rank for GLP J-REIT's PS Ratio or its related term are showing as below:
TSE:3281'
s PS Ratio Range Over the Past 10 Years
Min: 8.01 Med: 12.7 Max: 20.75
Current: 11.47
During the past 13 years, GLP J-REIT's highest PS Ratio was 20.75. The lowest was 8.01. And the median was 12.70.
TSE:3281's PS Ratio is ranked worse than 84.49% of 909
companies
in the REITs industry
Industry Median: 6.7
vs TSE:3281: 11.47
GLP J-REIT's Revenue per Sharefor the
six
months ended in Feb. 2026 was 円6,006.96.
Its Revenue per Share for the trailing twelve months (TTM) ended in Feb. 2026 was 円12,364.85.
Good Sign:
GLP J-REIT has shown predictable revenue and earnings growth.
During the past 12 months, the average Revenue per Share Growth Rate of GLP J-REIT was 6.50% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 3.90% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 3.60% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 2.40% per year.
During the past 13 years, GLP J-REIT's highest 3-Year average Revenue per Share Growth Rate was 6.20% per year. The lowest was -1.00% per year. And the median was 2.60% per year.
Back to Basics: PS Ratio
GLP J-REIT (TSE:3281) 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.
GLP J-REIT PS Ratio Related Terms
GLP J-REIT PS Ratio Historical Data
* Premium members only.
The historical data trend for GLP J-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, GLP J-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.
GLP J-REIT PS Ratio vs REITs Industry
For the REITs industry and Real Estate sector, GLP J-REIT's PS Ratio distribution charts can be found below:
* The bar in red indicates where GLP J-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.
GLP J-REIT's Share Price of today is 円141800.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. GLP J-REIT's Revenue per Share for the trailing twelve months (TTM) ended in Feb. 2026 was 円12,364.85.
* 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:
GLP J-REIT (TSE:3281) has a PS Ratio of 11.47 as of Jul. 16, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on GLP J-REIT and its competitors. This is 10% below median its historical median of 12.70. Over the past decade, GLP J-REIT's PS Ratio has ranged from 8.01 to 20.75. According to the industry distribution chart, GLP J-REIT ranks #768 out of 909 companies in the REITs industry, placing it in the top 84.5%.
Is GLP J-REIT's PS Ratio too high?
GLP J-REIT's current PS Ratio of 11.47 is 10% below median its 10-year median of 12.70. Over the past 10 years, this metric has ranged from a low of 8.01 to a high of 20.75. The REITs industry median PS Ratio is 6.70. GLP J-REIT's value of 11.47 is 71.2% above this industry median. Based on the distribution chart, GLP J-REIT ranks #768 out of 909 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, GLP J-REIT has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does GLP J-REIT's PS Ratio compare to PLD and PSA?
According to the REITs industry distribution chart, GLP J-REIT ranks #768 out of 909 companies for PS Ratio. This places GLP J-REIT in the lower half of its industry. The industry median PS Ratio is 6.70. GLP J-REIT's value of 11.47 is 71.2% above this benchmark. Historically, GLP J-REIT's own PS Ratio has ranged from 8.01 to 20.75 over the past decade. While the company's 10-year median is 12.70 vs. the industry median of 6.70, GLP J-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 909 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. GLP J-REIT's current PS Ratio of 11.47 is 71.2% 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 GLP J-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. GLP J-REIT's current PS Ratio is 11.47, which is 10% below median its own 10-year median of 12.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GLP J-REIT stock overvalued right now?
Based on GuruFocus' analysis, GLP J-REIT (TSE:3281) is currently considered Fairly Valued. The stock's GF Value™ is 円145,859.00, compared to a current price of 円141,800.00 — trading 2.8% below its estimated fair value. The current PS Ratio is 11.47, which is 10% below median its 10-year median of 12.70 and 71.2% above the REITs industry median of 6.70. GLP J-REIT's overall GF Score™ is 75/100 with 6 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 GLP J-REIT (TSE:3281), the current PS Ratio is 11.47 as of Jul. 16, 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 GLP J-REIT (TSE:3281) Overvalued in 2026?
Based on GuruFocus' analysis, GLP J-REIT stock appears to be undervalued.
The current stock price of 円141,800.00 is trading 2.8% below its estimated GF Value™ of 円145,859.00.
GuruFocus considers GLP J-REIT to be Fairly Valued.
Key valuation signals for TSE:3281:
PS Ratio: 11.47 (10% below median its 10-year median of 12.70)
GF Value™: 円145,859.00 vs. price of 円141,800.00 (2.8% below fair value)
Industry Position: 71.2% above the REITs median (#768 of 909)
No single metric tells the full story. See the TSE:3281 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GLP J-REIT is a Japan-based real estate investment trust. The company invests in logistic facilities and related real estate properties mainly located in Kanto and Kansai regions and other areas. Its properties are classified under Multi-tenant property and build-to-suit property segments. It holds a range of proprieties such as GLP Tokyo, GLP Sugito II, GLP Koshigaya II, GLP Misato II, GLP Amagasaki, GLP Higashi-Ogishima, GLP Akishima, GLP Tomisato, GLP Narashino II, GLP Funabashi, GLP Kazo, GLP Fukaya and others.
75GF Score
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