Precinct Properties New Zealand Ltd
NZX:PCT

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Precinct Properties New Zealand Ltd
NZX:PCT
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Price: 1.165 NZD -1.27% Market Closed
Market Cap: 1.8B NZD

Relative Value

The Relative Value of one PCT stock under the Base Case scenario is 1.901 NZD. Compared to the current market price of 1.165 NZD, Precinct Properties New Zealand Ltd is Undervalued by 39%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

PCT Relative Value
Base Case
1.901 NZD
Undervaluation 39%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
90
vs Industry
27
Median 3Y
8.6
Median 5Y
10.1
Industry
3.6
Forward
11.7
vs History
vs Industry
29
Median 3Y
-13.4
Median 5Y
12.2
Industry
16.4
Forward
18
vs History
55
vs Industry
18
Median 3Y
19.6
Median 5Y
19.9
Industry
11
vs History
73
vs Industry
42
Median 3Y
9.6
Median 5Y
7.6
Industry
12.7
vs History
49
vs Industry
41
Median 3Y
0.9
Median 5Y
0.9
Industry
0.8
vs History
85
vs Industry
21
Median 3Y
14.3
Median 5Y
15.5
Industry
6.4
Forward
21.1
vs History
71
vs Industry
21
Median 3Y
20.6
Median 5Y
23.9
Industry
11.9
vs History
71
vs Industry
19
Median 3Y
25
Median 5Y
29
Industry
15.8
Forward
22.1
vs History
71
vs Industry
28
Median 3Y
25
Median 5Y
29
Industry
18.9
Forward
21.9
vs History
42
vs Industry
14
Median 3Y
33.4
Median 5Y
33.9
Industry
18.5
vs History
63
vs Industry
19
Median 3Y
37.7
Median 5Y
38.1
Industry
20.3
vs History
28
vs Industry
31
Median 3Y
0.9
Median 5Y
0.9
Industry
0.7

Multiples Across Competitors

PCT Competitors Multiples
Precinct Properties New Zealand Ltd Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
NZ
Precinct Properties New Zealand Ltd
NZX:PCT
1.8B NZD 7.1 -65.6 24.4 24.4
US
Alexandria Real Estate Equities Inc
NYSE:ARE
12.6B USD 3.9 96.4 11.4 27.5
US
Boston Properties Inc
NYSE:BXP
10.1B USD 3 713.6 13.3 24.9
JP
Nippon Building Fund Inc
TSE:8951
1.1T JPY 11.3 24.7 25.6 33.9
US
Vornado Realty Trust
NYSE:VNO
7.4B USD 4.1 891.4 20.7 59.2
FR
Covivio SA
PAR:COV
5.4B EUR 4.2 79.9 15.6 17.8
US
COPT Defense Properties
NYSE:CDP
6B USD 7.9 42.1 38.4 38.4
JP
Japan Real Estate Investment Corp
TSE:8952
813.2B JPY 9.7 21.7 22.1 28.8
AU
Dexus
ASX:DXS
8.2B AUD 9.5 -8.4 33.8 33.8
US
Cousins Properties Inc
NYSE:CUZ
4.7B USD 5.5 102.2 14.5 45.3
JP
Kenedix Office Investment Corp
TSE:8972
609B JPY 7.8 12.3 21.2 26.4