Ichigo Office REIT Investment Corp
TSE:8975

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Ichigo Office REIT Investment Corp
TSE:8975
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Price: 95 500 JPY
Market Cap: ¥147.1B

Relative Value

The Relative Value of one Ichigo Office REIT Investment Corp stock under the Base Case scenario is 133 339.1 JPY. Compared to the current market price of 95 500 JPY, Ichigo Office REIT Investment Corp is Undervalued by 28%.

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
133 339.1 JPY
Undervaluation 28%
Relative Value
Price
Worst Case
Base Case
Best Case

Multiples Across Competitors

Competitors Multiples
Ichigo Office REIT Investment 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
Ichigo Office REIT Investment Corp
TSE:8975
146.9B JPY 7.6 15.8 18.3 21.6
US
Boston Properties Inc
NYSE:BXP
10.2B USD 3 -51.2 13.7 25.8
US
Alexandria Real Estate Equities Inc
NYSE:ARE
9.9B USD 3.1 -23.1 10.7 29.3
JP
Nippon Building Fund Inc
TSE:8951
1.2T JPY 11.7 25.9 26.2 34.5
FR
Covivio SA
PAR:COV
5.9B EUR 4.3 14.2 14.2 16.8
US
COPT Defense Properties
NYSE:CDP
6.8B USD 9 45.4 40.6 40.6
US
Vornado Realty Trust
NYSE:VNO
6.2B USD 3.4 7.2 16.4 45.9
JP
Japan Real Estate Investment Corp
TSE:8952
884.3B JPY 10.5 24.1 24.4 31.9
AU
Dexus
ASX:DXS
7.2B AUD 7.7 46.7 30.2 30.2
JP
Kenedix Office Investment Corp
TSE:8972
681.4B JPY 8.7 20.1 22.3 28.1
US
Cousins Properties Inc
NYSE:CUZ
4.4B USD 4.5 74.6 12.3 35.1