Hankyu Hanshin REIT (TSE:8977) PS Ratio: 7.59 (As of Jul. 15, 2026) — 12% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:8977 Hankyu Hanshin REIT Inc TSE:8977
58 GF Score
Price 円141,100.00
GF Value 円161,709.09
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Hankyu Hanshin REIT PS Ratio?

Hankyu Hanshin REIT TSE:8977 +1.44% 58 PS Ratio is 7.59 as of Jul. 15, 2026, which is 12% below its 10-year median of 8.62. GuruFocus rates TSE:8977 with a GF Score™ of 58/100 and a GF Value™ of 円161,709.09 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 915 REITs companies, Hankyu Hanshin REIT ranks worse than 58.69% 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, Hankyu Hanshin REIT's share price is 円141100.00. Hankyu Hanshin REIT's Revenue per Share for the trailing twelve months (TTM) ended in Nov. 2025 was 円18,592.96. Hence, Hankyu Hanshin REIT's PS Ratio for today is 7.59.

Good Sign:

Hankyu Hanshin REIT Inc stock PS Ratio (=7.51) is close to 1-year low of 7.33.

The historical rank and industry rank for Hankyu Hanshin REIT's PS Ratio or its related term are showing as below:

TSE:8977' s PS Ratio Range Over the Past 10 Years
Min: 5.26   Med: 8.62   Max: 10.78
Current: 7.59

During the past 13 years, Hankyu Hanshin REIT's highest PS Ratio was 10.78. The lowest was 5.26. And the median was 8.62.

TSE:8977's PS Ratio is ranked worse than
58.69% of 915 companies
in the REITs industry
Industry Median: 6.68 vs TSE:8977: 7.59

Hankyu Hanshin REIT's Revenue per Sharefor the six months ended in Nov. 2025 was 円9,358.49. Its Revenue per Share for the trailing twelve months (TTM) ended in Nov. 2025 was 円18,592.96.

Good Sign:

Hankyu Hanshin REIT Inc has shown predictable revenue and earnings growth.

During the past 12 months, the average Revenue per Share Growth Rate of Hankyu Hanshin REIT was 6.30% per year. During the past 3 years, the average Revenue per Share Growth Rate was 4.30% per year. During the past 5 years, the average Revenue per Share Growth Rate was 1.20% per year. During the past 10 years, the average Revenue per Share Growth Rate was 0.70% per year.

During the past 13 years, Hankyu Hanshin REIT's highest 3-Year average Revenue per Share Growth Rate was 5.90% per year. The lowest was -13.90% per year. And the median was -0.95% per year.

Back to Basics: PS Ratio


Hankyu Hanshin REIT  (TSE:8977) 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.

Similar to the PE Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PS Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

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.


Hankyu Hanshin REIT PS Ratio Related Terms


Hankyu Hanshin REIT PS Ratio Historical Data

* Premium members only.

The historical data trend for Hankyu Hanshin 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.

Hankyu Hanshin REIT PS Ratio Chart

Hankyu Hanshin REIT Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.65 9.33 8.38 6.75 9.35

Hankyu Hanshin REIT Semi-Annual Data
May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.38 0.00 6.75 0.00 9.35

TSE:8977 vs VICI, WPC: PS Ratio Comparison

For the REIT - Diversified subindustry, Hankyu Hanshin 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.


Hankyu Hanshin REIT PS Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Hankyu Hanshin REIT's PS Ratio distribution charts can be found below:

* The bar in red indicates where Hankyu Hanshin REIT's PS Ratio falls into.


TSE:8977
58GF Score
Hankyu Hanshin REIT Inc TSE:8977
PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hankyu Hanshin REIT PS Ratio Calculation

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.

Hankyu Hanshin REIT's PS Ratio for today is calculated as

PS Ratio=Share Price/Revenue per Share (TTM)
=141100.00/18592.959
=7.59

Hankyu Hanshin REIT's Share Price of today is 円141100.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Hankyu Hanshin REIT's Revenue per Share for the trailing twelve months (TTM) ended in Nov. 2025 was 円18,592.96.

* 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:

PS Ratio=Market Cap/Revenue

The Revenue here is for the trailing 12 months.

Frequently Asked Questions Learn more about PS Ratio →
What does a PS Ratio of 7.59 mean?
Hankyu Hanshin REIT (TSE:8977) has a PS Ratio of 7.59 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 Hankyu Hanshin REIT and its competitors. This is 12% below median its historical median of 8.62. Over the past decade, Hankyu Hanshin REIT's PS Ratio has ranged from 5.26 to 10.78. According to the industry distribution chart, Hankyu Hanshin REIT ranks #537 out of 915 companies in the REITs industry, placing it in the top 58.7%.
Is Hankyu Hanshin REIT's PS Ratio too high?
Hankyu Hanshin REIT's current PS Ratio of 7.59 is 12% below median its 10-year median of 8.62. Over the past 10 years, this metric has ranged from a low of 5.26 to a high of 10.78. The REITs industry median PS Ratio is 6.68. Hankyu Hanshin REIT's value of 7.59 is 13.6% above this industry median. Based on the distribution chart, Hankyu Hanshin REIT ranks #537 out of 915 companies in the REITs industry, which is below the industry midpoint. Overall, Hankyu Hanshin REIT has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hankyu Hanshin REIT's PS Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Hankyu Hanshin REIT ranks #537 out of 915 companies for PS Ratio. This places Hankyu Hanshin REIT in the lower half of its industry. The industry median PS Ratio is 6.68. Hankyu Hanshin REIT's value of 7.59 is 13.6% above this benchmark. Historically, Hankyu Hanshin REIT's own PS Ratio has ranged from 5.26 to 10.78 over the past decade. While the company's 10-year median is 8.62 vs. the industry median of 6.68, Hankyu Hanshin 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 915 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. Hankyu Hanshin REIT's current PS Ratio of 7.59 is 13.6% 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 Hankyu Hanshin 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. Hankyu Hanshin REIT's current PS Ratio is 7.59, which is 12% below median its own 10-year median of 8.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hankyu Hanshin REIT stock overvalued right now?
Based on GuruFocus' analysis, Hankyu Hanshin REIT (TSE:8977) is currently considered Modestly Undervalued. The stock's GF Value™ is 円161,709.09, compared to a current price of 円141,100.00 — trading 12.7% below its estimated fair value. The current PS Ratio is 7.59, which is 12% below median its 10-year median of 8.62 and 13.6% above the REITs industry median of 6.68. Hankyu Hanshin REIT's overall GF Score™ is 58/100 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 Hankyu Hanshin REIT (TSE:8977), the current PS Ratio is 7.59 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 Hankyu Hanshin REIT (TSE:8977) Overvalued in 2026?

Based on GuruFocus' analysis, Hankyu Hanshin REIT stock appears to be undervalued. The current stock price of 円141,100.00 is trading 12.7% below its estimated GF Value™ of 円161,709.09. GuruFocus considers Hankyu Hanshin REIT to be Modestly Undervalued.

Key valuation signals for TSE:8977:

  • PS Ratio: 7.59 (12% below median its 10-year median of 8.62)
  • GF Value™: 円161,709.09 vs. price of 円141,100.00 (12.7% below fair value)
  • GF Score™: 58/100 with 4 warning signs
  • Industry Position: 13.6% above the REITs median (#537 of 915)

No single metric tells the full story. See the TSE:8977 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hankyu Hanshin REIT Business Description

Industry Real EstateREITs
Address 19-19, Chayamachi, Applause Tower, 19th floor, Osaka, JPN, 530-0013
Hankyu Hanshin REIT Inc is a real estate investment trust. The firm manages funds contributed by unitholders by investing them mainly in real estate and real estate backed securities. Its portfolio comprises retail facilities, Office use facilities and Complex facilities. The firm holds the majority of its investments in Kansai region.
58GF Score

Get the complete analysis for TSE:8977

PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円141,100.00
Price
円161,709.09
GF Value