Kenedix Office Investment Corp
TSE:8972

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Kenedix Office Investment Corp
TSE:8972
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Price: 163 000 JPY 1.12% Market Closed
Market Cap: ¥658.5B

P/S

8.4
Current
3%
Cheaper
vs 3-y average of 8.6

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
8.4
=
Market Cap
¥676.2B
/
Revenue
¥78.7B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
8.4
=
Market Cap
¥676.2B
/
Revenue
¥78.7B

Valuation Scenarios

Kenedix Office Investment Corp is trading below its 3-year average

If P/S returns to its 3-Year Average (8.6), the stock would be worth ¥168 508.6 (3% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-87%
Maximum Upside
+9%
Average Downside
32%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 8.4 ¥163 000
0%
3-Year Average 8.6 ¥168 508.6
+3%
5-Year Average 9.1 ¥177 939.85
+9%
Industry Average 3.9 ¥75 160.22
-54%
Country Average 1.1 ¥21 446.9
-87%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
¥676.2B
/
Nov 2025
¥78.7B
=
8.4
Current
¥676.2B
/
Oct 2026
¥68.4B
=
9.9
Forward
¥676.2B
/
Oct 2027
¥65.1B
=
10.4
Forward
¥676.2B
/
Oct 2028
¥75.8B
=
8.9
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close

Market Distribution

Higher than 95% of companies in Japan
Percentile
95th
Based on 5 249 companies
95th percentile
8.4
Low
0 — 0.7
Typical Range
0.7 — 1.9
High
1.9 —
Distribution Statistics
Japan
Min 0
30th Percentile 0.7
Median 1.1
70th Percentile 1.9
Max 12 107 466

Kenedix Office Investment Corp
Glance View

Market Cap
658.5B JPY
Industry
Real Estate

Kenedix Office Investment Corporation (KOIC) stands at a prominent intersection in Japan's bustling real estate investment landscape. Established in 2005 as a real estate investment trust (REIT), KOIC is orchestrated by Kenedix, Inc., with a singular focus on acquiring, managing, and operating mid-size office properties primarily located in urban centers across Japan. The REIT is designed to provide investors with stable income streams generated from leasing high-quality office spaces. KOIC's strategy is underscored by meticulous market analysis, ensuring that it selects properties in prime locations that attract reliable corporate tenants seeking modern infrastructure amid Japan’s densely populated business districts. The financial engine behind KOIC revolves around the fundamental principle of earning rental income from its diversified property portfolio. By targeting areas with high occupancy rates and robust economic activities, KOIC capitalizes on the steady demands from varied industry sectors ranging from traditional businesses to cutting-edge enterprises. This approach is reinforced by strategic asset management aimed at optimizing tenancy rates and property values. KOIC's revenues stem not only from regular rental fees but also from the appreciation in property values, which occasionally leads to the strategic selling of assets. In amalgamating property acquisition with nimble financial management, KOIC presents a nuanced model of consistent, real estate-driven profitability, offering investors a window into the resilient potential of Japan's office space market.

Intrinsic Value
186 973.86 JPY
Undervaluation 13%
Intrinsic Value
Price ¥163 000
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