GLP J-REIT
TSE:3281

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GLP J-REIT
TSE:3281
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Price: 121 500 JPY 0.16% Market Closed
Market Cap: 598.4B JPY
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Relative Value

The Relative Value of one GLP J-REIT stock under the Base Case scenario is 135 277.76 JPY. Compared to the current market price of 121 500 JPY, GLP J-REIT is Undervalued by 10%.

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
135 277.76 JPY
Undervaluation 10%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
79
vs Industry
11
Median 3Y
13.1
Median 5Y
13.4
Industry
3.6
Forward
11.5
vs History
74
vs Industry
21
Median 3Y
24.7
Median 5Y
26.4
Industry
16.7
Forward
22.9
vs History
85
vs Industry
26
Median 3Y
17.2
Median 5Y
17.7
Industry
10.9
vs History
31
vs Industry
5
Median 3Y
17.6
Median 5Y
-13.9
Industry
13.3
vs History
82
vs Industry
22
Median 3Y
1.5
Median 5Y
1.6
Industry
0.8
vs History
77
vs Industry
9
Median 3Y
19
Median 5Y
19.4
Industry
6.6
Forward
17.8
vs History
68
vs Industry
9
Median 3Y
34.5
Median 5Y
35.6
Industry
11.9
vs History
65
vs Industry
16
Median 3Y
26.8
Median 5Y
27.2
Industry
15.8
Forward
24
vs History
66
vs Industry
15
Median 3Y
34.9
Median 5Y
36.1
Industry
19
vs History
87
vs Industry
30
Median 3Y
25
Median 5Y
25.6
Industry
18.5
vs History
6
vs Industry
Median 3Y
-11.6
Median 5Y
-11.5
Industry
20.1
vs History
85
vs Industry
19
Median 3Y
1.2
Median 5Y
1.2
Industry
0.7

Multiples Across Competitors

Competitors Multiples
GLP J-REIT 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
GLP J-REIT
TSE:3281
595.1B JPY 11.2 22.3 24.8 32.7
US
Prologis Inc
NYSE:PLD
95.4B USD 12.1 31.1 23.6 44.9
AU
Goodman Group
ASX:GMG
69.4B AUD 35 -701.9 131.3 131.3
US
Lineage Inc
NASDAQ:LINE
13.2B USD 1.4 -18.7 8.7 24.2
UK
SEGRO PLC
LSE:SGRO
9.4B GBP 12.8 -937.2 24.9 25.3
SG
Ascendas Real Estate Investment Trust
SGX:A17U
11.2B 0 0 0 0
US
Rexford Industrial Realty Inc
NYSE:REXR
8.4B USD 9.3 31.6 18.8 33.2
US
Eastgroup Properties Inc
NYSE:EGP
7.9B USD 12.7 34 21.7 37.8
US
First Industrial Realty Trust Inc
NYSE:FR
6.7B USD 10.2 21.6 21 33.4
SG
Mapletree Logistics Trust
SGX:M44U
6.4B 0 0 0 0
SG
Mapletree Industrial Trust
SGX:ME8U
6.2B 0 0 0 0
P/E Multiple
Earnings Growth P/E to Growth
JP
GLP J-REIT
TSE:3281
Average P/E: 28.1
22.3
-6%
N/A
US
Prologis Inc
NYSE:PLD
31.1
0%
N/A
AU
Goodman Group
ASX:GMG
Negative Multiple: -701.9 N/A N/A
US
Lineage Inc
NASDAQ:LINE
Negative Multiple: -18.7 N/A N/A
UK
SEGRO PLC
LSE:SGRO
Negative Multiple: -937.2 N/A N/A
SG
Ascendas Real Estate Investment Trust
SGX:A17U
Not Available
343%
N/A
US
Rexford Industrial Realty Inc
NYSE:REXR
31.6
48%
0.7
US
Eastgroup Properties Inc
NYSE:EGP
34
33%
1
US
First Industrial Realty Trust Inc
NYSE:FR
21.6
-15%
N/A
SG
Mapletree Logistics Trust
SGX:M44U
Not Available
20%
N/A
SG
Mapletree Industrial Trust
SGX:ME8U
Not Available
271%
N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
JP
GLP J-REIT
TSE:3281
Average EV/EBITDA: 34.4
24.8
-1%
N/A
US
Prologis Inc
NYSE:PLD
23.6
28%
0.9
AU
Goodman Group
ASX:GMG
131.3
535%
0.2
US
Lineage Inc
NASDAQ:LINE
8.7
N/A N/A
UK
SEGRO PLC
LSE:SGRO
24.9
30%
0.8
SG
Ascendas Real Estate Investment Trust
SGX:A17U
Not Available
12%
N/A
US
Rexford Industrial Realty Inc
NYSE:REXR
18.8
66%
0.3
US
Eastgroup Properties Inc
NYSE:EGP
21.7
41%
0.5
US
First Industrial Realty Trust Inc
NYSE:FR
21
35%
0.6
SG
Mapletree Logistics Trust
SGX:M44U
Not Available
13%
N/A
SG
Mapletree Industrial Trust
SGX:ME8U
Not Available
17%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
JP
GLP J-REIT
TSE:3281
Average EV/EBIT: 45.4
32.7
N/A N/A
US
Prologis Inc
NYSE:PLD
44.9
28%
1.6
AU
Goodman Group
ASX:GMG
131.3
527%
0.2
US
Lineage Inc
NASDAQ:LINE
24.2
N/A N/A
UK
SEGRO PLC
LSE:SGRO
25.3
44%
0.6
SG
Ascendas Real Estate Investment Trust
SGX:A17U
Not Available
12%
N/A
US
Rexford Industrial Realty Inc
NYSE:REXR
33.2
73%
0.5
US
Eastgroup Properties Inc
NYSE:EGP
37.8
44%
0.9
US
First Industrial Realty Trust Inc
NYSE:FR
33.4
27%
1.2
SG
Mapletree Logistics Trust
SGX:M44U
Not Available
11%
N/A
SG
Mapletree Industrial Trust
SGX:ME8U
Not Available
14%
N/A

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