Centuria Office REIT
ASX:COF

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Centuria Office REIT
ASX:COF
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Price: 1.135 AUD -3.81% Market Closed
Market Cap: 678m AUD

Relative Value

The Relative Value of one COF stock under the Base Case scenario is 2.797 AUD. Compared to the current market price of 1.135 AUD, Centuria Office REIT is Undervalued by 59%.

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.

COF Relative Value
Base Case
2.797 AUD
Undervaluation 59%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
73
vs Industry
40
Median 3Y
4.8
Median 5Y
5.3
Industry
3.6
Forward
4.4
vs History
vs Industry
18
Median 3Y
-4
Median 5Y
10.1
Industry
16.3
Forward
9.4
vs History
7
vs Industry
33
Median 3Y
11.1
Median 5Y
10.5
Industry
11.1
vs History
19
vs Industry
25
Median 3Y
5.7
Median 5Y
5.8
Industry
13
vs History
34
vs Industry
55
Median 3Y
0.7
Median 5Y
0.7
Industry
0.8
vs History
55
vs Industry
30
Median 3Y
10.3
Median 5Y
10.5
Industry
6.5
Forward
9.9
vs History
vs Industry
Median 3Y
0
Median 5Y
0
Industry
11.7
vs History
19
vs Industry
34
Median 3Y
16.6
Median 5Y
16.5
Industry
15.7
Forward
13.1
vs History
19
vs Industry
39
Median 3Y
16.6
Median 5Y
16.5
Industry
18.7
Forward
13.1
vs History
0
vs Industry
21
Median 3Y
22.9
Median 5Y
20
Industry
18.5
vs History
0
vs Industry
24
Median 3Y
22.9
Median 5Y
20
Industry
20.3
vs History
25
vs Industry
39
Median 3Y
0.8
Median 5Y
0.8
Industry
0.7

Multiples Across Competitors

COF Competitors Multiples
Centuria Office REIT Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
AU
Centuria Office REIT
ASX:COF
678m AUD 4.5 -7.5 17.1 17.1
US
Alexandria Real Estate Equities Inc
NYSE:ARE
16.5B USD 5.1 53.2 13.1 29.5
US
Boston Properties Inc
NYSE:BXP
10.7B USD 3.1 750.1 13.6 25.5
JP
Nippon Building Fund Inc
TSE:8951
1.1T JPY 11 24.3 25.2 33.4
US
Vornado Realty Trust
NYSE:VNO
7B USD 3.9 848 20.2 57.8
FR
Covivio SA
PAR:COV
5.8B EUR 4.4 84.6 15.9 18.2
US
COPT Defense Properties
NYSE:CDP
6.1B USD 8.1 44 39.6 39.6
JP
Japan Real Estate Investment Corp
TSE:8952
773.3B JPY 9.2 20.6 21.4 27.9
US
Cousins Properties Inc
NYSE:CUZ
5B USD 5.8 107.7 15 46.8
AU
Dexus
ASX:DXS
7.7B AUD 9 -7.9 32.5 32.5
US
SL Green Realty Corp
NYSE:SLG
4.1B USD 4.6 792.8 21.6 55
P/E Multiple
Earnings Growth PEG
AU
Centuria Office REIT
ASX:COF
Average P/E: 302.8
Negative Multiple: -7.5
N/A N/A
US
Alexandria Real Estate Equities Inc
NYSE:ARE
53.2
20%
2.7
US
Boston Properties Inc
NYSE:BXP
750.1
186%
4
JP
Nippon Building Fund Inc
TSE:8951
24.3
-1%
N/A
US
Vornado Realty Trust
NYSE:VNO
848
127%
6.7
FR
Covivio SA
PAR:COV
84.6
98%
0.9
US
COPT Defense Properties
NYSE:CDP
44
6%
7.3
JP
Japan Real Estate Investment Corp
TSE:8952
20.6
-3%
N/A
US
Cousins Properties Inc
NYSE:CUZ
107.7
37%
2.9
AU
Dexus
ASX:DXS
Negative Multiple: -7.9 N/A N/A
US
SL Green Realty Corp
NYSE:SLG
792.8
N/A N/A