Tokaido REIT Inc
TSE:2989
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P/E
Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.
Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.
Valuation Scenarios
If P/E returns to its 3-Year Average (26.4), the stock would be worth ¥143 707.32 (35% upside from current price).
| Scenario | P/E Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 19.6 | ¥106 600 |
0%
|
| 3-Year Average | 26.4 | ¥143 707.32 |
+35%
|
| 5-Year Average | 26.4 | ¥143 707.32 |
+35%
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| Industry Average | 19.5 | ¥106 052.1 |
-1%
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| Country Average | 17 | ¥92 680.9 |
-13%
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Forward P/E
Today’s price vs future net income
Peer Comparison
| Market Cap | P/E | ||||
|---|---|---|---|---|---|
| JP |
T
|
Tokaido REIT Inc
TSE:2989
|
41.6B JPY | 19.6 | |
| ZA |
G
|
Growthpoint Properties Ltd
JSE:GRT
|
55.7B ZAR | 10.8 | |
| ZA |
R
|
Redefine Properties Ltd
JSE:RDF
|
43.4B ZAR | 10.5 | |
| US |
|
WP Carey Inc
NYSE:WPC
|
15.8B USD | 34.3 | |
| ZA |
F
|
Fairvest Ltd
JSE:FTA
|
13.7B ZAR | 9.3 | |
| ZA |
A
|
Attacq Ltd
JSE:ATT
|
11.5B ZAR | 8 | |
| ES |
|
MERLIN Properties SOCIMI SA
MAD:MRL
|
8.2B EUR | 10.7 | |
| JP |
|
KDX Realty Investment Corp
OTC:KDXRF
|
9.5B USD | 44.3 | |
| ZA |
S
|
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
|
9B ZAR | 16 | |
| ZA |
H
|
Heriot REIT Ltd
JSE:HET
|
7.3B ZAR | 5.6 | |
| AU |
|
Stockland Corporation Ltd
ASX:SGP
|
9.9B AUD | 11.3 |
Market Distribution
| Min | 0 |
| 30th Percentile | 13.1 |
| Median | 17 |
| 70th Percentile | 23 |
| Max | 7 956 708 |
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.
