Mirai Corp
TSE:3476

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Mirai Corp
TSE:3476
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Price: 50 600 JPY 0.2% Market Closed
Market Cap: ¥96.6B

Relative Value

The Relative Value of one Mirai Corp stock under the Base Case scenario is 72 701.41 JPY. Compared to the current market price of 50 600 JPY, Mirai Corp is Undervalued by 30%.

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.

Relative Value
Base Case
72 701.41 JPY
Undervaluation 30%
Relative Value
Price
Worst Case
Base Case
Best Case

Multiples Across Competitors

Competitors Multiples
Mirai Corp Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
JP
Mirai Corp
TSE:3476
96.5B JPY 6.7 19.1 24.2 30.6
US
Boston Properties Inc
NYSE:BXP
9.8B USD 2.8 35.6 13.2 25
US
Alexandria Real Estate Equities Inc
NYSE:ARE
9.1B USD 3 -6.3 10.3 32.6
JP
Nippon Building Fund Inc
TSE:8951
1.2T JPY 12.5 29.1 28.8 38.5
FR
Covivio SA
PAR:COV
6.6B EUR 7.4 8.9 16.8 19.9
US
COPT Defense Properties
NYSE:CDP
7.1B USD 9.5 47.9 42.3 42.3
JP
Japan Real Estate Investment Corp
TSE:8952
900.7B JPY 10.7 24.6 24.7 32.3
US
Vornado Realty Trust
NYSE:VNO
5.6B USD 3.1 6.6 16 45.5
AU
Dexus
ASX:DXS
7.2B AUD 8.2 14.1 37.2 37.2
SG
Keppel REIT
SGX:K71U
4.7B 0 0 0 0
JP
Kenedix Office Investment Corp
TSE:8972
683.4B JPY 8.7 20.2 22.4 28.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
JP
Mirai Corp
TSE:3476
Average EV/EBITDA: 23.6
24.2
N/A N/A
US
Boston Properties Inc
NYSE:BXP
13.2
3%
4.4
US
Alexandria Real Estate Equities Inc
NYSE:ARE
10.3
1%
10.3
JP
Nippon Building Fund Inc
TSE:8951
28.8
N/A N/A
FR
Covivio SA
PAR:COV
16.8
-7%
N/A
US
COPT Defense Properties
NYSE:CDP
42.3
28%
1.5
JP
Japan Real Estate Investment Corp
TSE:8952
24.7
-1%
N/A
US
Vornado Realty Trust
NYSE:VNO
16
5%
3.2
AU
Dexus
ASX:DXS
37.2
34%
1.1
SG
Keppel REIT
SGX:K71U
Not Available
33%
N/A
JP
Kenedix Office Investment Corp
TSE:8972
22.4
N/A N/A