Ichigo Office REIT Investment Corp
TSE:8975
Decide at what price you'd be comfortable buying and we'll help you stay ready.
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EV/S
Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.
Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.
Valuation Scenarios
If EV/S returns to its 3-Year Average (12.5), the stock would be worth ¥94 480.06 (4% upside from current price).
| Scenario | EV/S Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 12 | ¥90 600 |
0%
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| 3-Year Average | 12.5 | ¥94 480.06 |
+4%
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| 5-Year Average | 12.6 | ¥95 555.61 |
+5%
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| Industry Average | 6.5 | ¥49 235.72 |
-46%
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| Country Average | 1.1 | ¥8 425.47 |
-91%
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Forward EV/S
Today’s price vs future revenue
| Today's Enterprise Value | Revenue | Forward EV/S | ||
|---|---|---|---|---|
|
¥238.3B
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/ |
Nov 2025
¥19.5B
|
= |
|
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¥238.3B
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/ |
Oct 2026
¥18.3B
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= |
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¥238.3B
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/ |
Oct 2027
¥19.3B
|
= |
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¥238.3B
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/ |
Oct 2028
¥20B
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= |
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Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.
Peer Comparison
| Market Cap | EV/S | P/E | ||||
|---|---|---|---|---|---|---|
| JP |
|
Ichigo Office REIT Investment Corp
TSE:8975
|
139.3B JPY | 12 | 14.9 | |
| US |
|
Boston Properties Inc
NYSE:BXP
|
9.1B USD | 7 | 28.8 | |
| FR |
|
Covivio SA
PAR:COV
|
6.2B EUR | 10.2 | 8.4 | |
| JP |
|
Nippon Building Fund Inc
TSE:8951
|
1.1T JPY | 16.7 | 26.5 | |
| US |
|
Alexandria Real Estate Equities Inc
NYSE:ARE
|
7B USD | 6 | -4.9 | |
| US |
|
COPT Defense Properties
NYSE:CDP
|
6.9B USD | 12.1 | 44.4 | |
| US |
|
Vornado Realty Trust
NYSE:VNO
|
5.6B USD | 6.6 | 6.6 | |
| JP |
|
Japan Real Estate Investment Corp
TSE:8952
|
850.9B JPY | 15 | 23.2 | |
| AU |
|
Dexus
ASX:DXS
|
6.6B AUD | 12.2 | 12.9 | |
| SG |
|
Keppel REIT
SGX:K71U
|
4.5B | 0 | 0 | |
| US |
|
Cousins Properties Inc
NYSE:CUZ
|
4.2B USD | 7.5 | 103.3 |
Market Distribution
| Min | 0 |
| 30th Percentile | 0.7 |
| Median | 1.1 |
| 70th Percentile | 2 |
| Max | 12 107 466 |
Other Multiples
Ichigo Office REIT Investment Corp
Glance View
Ichigo Office REIT Investment Corp. engages in the real estate investment trust business that focuses on mid-size offices. The company is headquartered in Chiyoda-Ku, Tokyo-To. The company went IPO on 2005-10-12. The company aims to achieve sustainable growth in asset and stable earnings from mid- to long-term perspectives. The firm mainly invests in office buildings in central Tokyo, other metropolitan areas and other major cities nationwide. Its property portfolio includes Ichigo Nishisando Building, Ichigo Mita Building, Ichigo Uchikanda Building, Ichigo Shin-Yokohama Building, Ichigo Nishi Ikebukuro Building, Ichigo Sakae Building, Ichigo Marunouchi Building, and among others. The asset manager of the Fund is Ichigo Investment Advisors Co Ltd.
