Kenedix Office Investment Corp
TSE:8972

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Kenedix Office Investment Corp
TSE:8972
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Price: 145 600 JPY -0.75%
Market Cap: 594B JPY
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Relative Value

The Relative Value of one Kenedix Office Investment Corp stock under the Base Case scenario is 199 508.36 JPY. Compared to the current market price of 145 600 JPY, Kenedix Office Investment Corp is Undervalued by 27%.

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
199 508.36 JPY
Undervaluation 27%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
39
vs Industry
12
Median 3Y
11.6
Median 5Y
9.4
Industry
3.6
Forward
10.3
vs History
87
vs Industry
30
Median 3Y
22.1
Median 5Y
20.4
Industry
16.7
Forward
13.5
vs History
87
vs Industry
43
Median 3Y
13.7
Median 5Y
12.5
Industry
10.9
vs History
96
vs Industry
26
Median 3Y
20.6
Median 5Y
21.4
Industry
13.3
vs History
85
vs Industry
37
Median 3Y
1.2
Median 5Y
1.2
Industry
0.8
vs History
39
vs Industry
8
Median 3Y
19.7
Median 5Y
14.4
Industry
6.6
Forward
18.2
vs History
39
vs Industry
11
Median 3Y
30.3
Median 5Y
22.1
Industry
11.9
vs History
39
vs Industry
12
Median 3Y
30.5
Median 5Y
22.3
Industry
15.8
Forward
23.2
vs History
39
vs Industry
13
Median 3Y
38.5
Median 5Y
29.4
Industry
19
vs History
93
vs Industry
43
Median 3Y
21.4
Median 5Y
19.9
Industry
18.5
vs History
41
vs Industry
13
Median 3Y
44.1
Median 5Y
31.3
Industry
20.1
vs History
84
vs Industry
32
Median 3Y
1
Median 5Y
1
Industry
0.7

Multiples Across Competitors

Competitors Multiples
Kenedix Office 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
Kenedix Office Investment Corp
TSE:8972
593.9B JPY 10.7 15.2 29.2 36.8
US
Alexandria Real Estate Equities Inc
NYSE:ARE
17.1B USD 5.4 60.5 13.9 31.1
US
Boston Properties Inc
NYSE:BXP
11.8B USD 3.5 32.5 14.3 26.3
US
Vornado Realty Trust
NYSE:VNO
7.9B USD 4.5 -146.7 21.7 63.6
US
COPT Defense Properties
NYSE:CDP
6.9B USD 9.3 50.7 44.5 44.5
JP
Nippon Building Fund Inc
TSE:8951
1.1T JPY 10.8 24.6 26.2 35.3
FR
Covivio SA
PAR:COV
5.4B EUR 5 -7.3 16.2 17.7
JP
Japan Real Estate Investment Corp
TSE:8952
774B JPY 9.2 20.7 21.4 27.9
US
Kilroy Realty Corp
NYSE:KRC
4.8B USD 4.3 24.3 13.6 28.5
US
Cousins Properties Inc
NYSE:CUZ
4.6B USD 5.6 90 13.8 42.5
AU
Dexus
ASX:DXS
7.4B AUD 8.1 -4.6 35.1 35.1
P/E Multiple
Earnings Growth P/E to Growth
JP
Kenedix Office Investment Corp
TSE:8972
Average P/E: 39.8
15.2
128%
0.1
US
Alexandria Real Estate Equities Inc
NYSE:ARE
60.5
538%
0.1
US
Boston Properties Inc
NYSE:BXP
32.5
57%
0.6
US
Vornado Realty Trust
NYSE:VNO
Negative Multiple: -146.7
-66%
N/A
US
COPT Defense Properties
NYSE:CDP
50.7
N/A N/A
JP
Nippon Building Fund Inc
TSE:8951
24.6
7%
3.5
FR
Covivio SA
PAR:COV
Negative Multiple: -7.3 N/A N/A
JP
Japan Real Estate Investment Corp
TSE:8952
20.7
N/A N/A
US
Kilroy Realty Corp
NYSE:KRC
24.3
-33%
N/A
US
Cousins Properties Inc
NYSE:CUZ
90
-25%
N/A
AU
Dexus
ASX:DXS
Negative Multiple: -4.6 N/A N/A

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