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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, Japan Excellent's share price is 円141000.00.
Japan Excellent's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was 円17,800.66. Hence, Japan Excellent's PS Ratio for today is 7.92.
Warning Sign:
Japan Excellent Inc stock PS Ratio (=7.82) is close to 3-year high of 8.61.
The historical rank and industry rank for Japan Excellent's PS Ratio or its related term are showing as below:
TSE:8987'
s PS Ratio Range Over the Past 10 Years
Min: 4.57 Med: 8.15 Max: 12.1
Current: 7.92
During the past 13 years, Japan Excellent's highest PS Ratio was 12.10. The lowest was 4.57. And the median was 8.15.
TSE:8987's PS Ratio is ranked worse than 62.2% of 910
companies
in the REITs industry
Industry Median: 6.705
vs TSE:8987: 7.92
Japan Excellent Inc revenue per share is in decline over the past 12 months.
During the past 12 months, the average Revenue per Share Growth Rate of Japan Excellent was -2.50% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 3.10% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 1.80% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 0.90% per year.
During the past 13 years, Japan Excellent's highest 3-Year average Revenue per Share Growth Rate was 23.60% per year. The lowest was -5.80% per year. And the median was 1.40% per year.
Back to Basics: PS Ratio
Japan Excellent (TSE:8987) 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.
Japan Excellent PS Ratio Related Terms
Japan Excellent PS Ratio Historical Data
* Premium members only.
The historical data trend for Japan Excellent'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 - Office subindustry, Japan Excellent'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.
Japan Excellent PS Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Japan Excellent's PS Ratio distribution charts can be found below:
* The bar in red indicates where Japan Excellent'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.
Japan Excellent's Share Price of today is 円141000.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Japan Excellent's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was 円17,800.66.
* 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:
Japan Excellent (TSE:8987) has a PS Ratio of 7.92 as of Jul. 17, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Japan Excellent and its competitors. This is near median its historical median of 8.15. Over the past decade, Japan Excellent's PS Ratio has ranged from 4.57 to 12.10. According to the industry distribution chart, Japan Excellent ranks #566 out of 910 companies in the REITs industry, placing it in the top 62.2%.
Is Japan Excellent's PS Ratio too high?
Japan Excellent's current PS Ratio of 7.92 is near median its 10-year median of 8.15. Over the past 10 years, this metric has ranged from a low of 4.57 to a high of 12.10. The REITs industry median PS Ratio is 6.71. Japan Excellent's value of 7.92 is 18.1% above this industry median. Based on the distribution chart, Japan Excellent ranks #566 out of 910 companies in the REITs industry, which is below the industry midpoint. Overall, Japan Excellent has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Japan Excellent's PS Ratio compare to BXP and ARE?
According to the REITs industry distribution chart, Japan Excellent ranks #566 out of 910 companies for PS Ratio. This places Japan Excellent in the lower half of its industry. The industry median PS Ratio is 6.71. Japan Excellent's value of 7.92 is 18.1% above this benchmark. Historically, Japan Excellent's own PS Ratio has ranged from 4.57 to 12.10 over the past decade. While the company's 10-year median is 8.15 vs. the industry median of 6.71, Japan Excellent 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 6.71, 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. Japan Excellent's current PS Ratio of 7.92 is 18.1% 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 Japan Excellent and its competitors. For the REITs industry, the median PS Ratio is 6.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Excellent's current PS Ratio is 7.92, which is near median its own 10-year median of 8.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Excellent stock overvalued right now?
Based on GuruFocus' analysis, Japan Excellent (TSE:8987) is currently considered Fairly Valued. The stock's GF Value™ is 円128,687.55, compared to a current price of 円141,000.00 — trading 9.6% above its estimated fair value. The current PS Ratio is 7.92, which is near median its 10-year median of 8.15 and 18.1% above the REITs industry median of 6.71. Japan Excellent's overall GF Score™ is 63/100 with 9 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 Japan Excellent (TSE:8987), the current PS Ratio is 7.92 as of Jul. 17, 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 Japan Excellent (TSE:8987) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Excellent stock appears to be overvalued.
The current stock price of 円141,000.00 is trading 9.6% above its estimated GF Value™ of 円128,687.55.
GuruFocus considers Japan Excellent to be Fairly Valued.
Key valuation signals for TSE:8987:
PS Ratio: 7.92 (near median its 10-year median of 8.15)
GF Value™: 円128,687.55 vs. price of 円141,000.00 (9.6% above fair value)
Industry Position: 18.1% above the REITs median (#566 of 910)
No single metric tells the full story. See the TSE:8987 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Excellent Inc is a real estate investment trust. It mainly invests in office buildings located in major metropolitan areas and pursues to create a portfolio that produces stable growth of income by acquiring properties. The company's portfolio of assets is managed by Japan Excellent Asset Management Co., Ltd.
63GF Score
Get the complete analysis for TSE:8987
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