Tokaido REIT Inc
TSE:2989
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P/B
Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.
Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.
Valuation Scenarios
If P/B returns to its 3-Year Average (1.6), the stock would be worth ¥132 110.04 (23% upside from current price).
| Scenario | P/B Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 1.3 | ¥107 600 |
0%
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| 3-Year Average | 1.6 | ¥132 110.04 |
+23%
|
| 5-Year Average | 2 | ¥166 340.28 |
+55%
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| Industry Average | 1.4 | ¥122 020.25 |
+13%
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| Country Average | 1.4 | ¥120 245.31 |
+12%
|
Forward P/B
Today’s price vs future total equity
Peer Comparison
| Market Cap | P/B | P/E | ||||
|---|---|---|---|---|---|---|
| JP |
T
|
Tokaido REIT Inc
TSE:2989
|
42B JPY | 1.3 | 19.7 | |
| ZA |
G
|
Growthpoint Properties Ltd
JSE:GRT
|
56.6B ZAR | 0.8 | 10.9 | |
| ZA |
R
|
Redefine Properties Ltd
JSE:RDF
|
43.1B ZAR | 0.8 | 10.5 | |
| US |
|
WP Carey Inc
NYSE:WPC
|
15.9B USD | 2 | 34.2 | |
| ZA |
F
|
Fairvest Ltd
JSE:FTA
|
13.7B ZAR | 1.2 | 9.3 | |
| ZA |
A
|
Attacq Ltd
JSE:ATT
|
11.5B ZAR | 0.8 | 8 | |
| ES |
|
MERLIN Properties SOCIMI SA
MAD:MRL
|
8.3B EUR | 1.1 | 10.9 | |
| JP |
|
KDX Realty Investment Corp
OTC:KDXRF
|
9.5B USD | 2.4 | 44.3 | |
| ZA |
S
|
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
|
9.1B ZAR | 0.8 | 16.2 | |
| ZA |
H
|
Heriot REIT Ltd
JSE:HET
|
7.3B ZAR | 1 | 5.6 | |
| AU |
|
Stockland Corporation Ltd
ASX:SGP
|
9.9B AUD | 1 | 11.3 |
Market Distribution
| Min | 0 |
| 30th Percentile | 1.1 |
| Median | 1.4 |
| 70th Percentile | 2.1 |
| Max | 31 732 017.6 |
Other Multiples
Tokaido REIT Inc
Glance View
Tokaido REIT, Inc. engages in the real estate investment trust business mainly investing in land and buildings. The company is headquartered in Chiyoda-Ku, Tokyo-To and currently employs 103 full-time employees. The company went IPO on 2021-06-22. The company aims to achieve sustainable growth in asset and stable earnings from mid- to long-term perspectives. The Fund mainly invests in real estate in the Tokaido area (industrial area centered on Shizuoka, as well as Tokyo, Kanagawa, Gifu, Shiga, Kyoto and Osaka), Tokaido area (Chiba, Saitama, Yamanashi, Nagano, Hyogo, Nara and Wakayama) and industrial area related areas (Hokkaido, Fukuoka, Kagoshima and Okinawa). Its property portfolio includes Marunouchi Embl Court and others. The asset manager of the Fund is Tokaido REIT Management Co., Ltd.
