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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P/B
Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.
Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.
Valuation Scenarios
If P/B returns to its 3-Year Average (1.3), the stock would be worth ¥85 675.9 (8% downside from current price).
| Scenario | P/B Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 1.4 | ¥93 000 |
0%
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| 3-Year Average | 1.3 | ¥85 675.9 |
-8%
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| 5-Year Average | 1.2 | ¥83 089.18 |
-11%
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| Industry Average | 1.4 | ¥97 694.59 |
+5%
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| Country Average | 1.4 | ¥96 273.49 |
+4%
|
Forward P/B
Today’s price vs future total equity
Peer Comparison
| Market Cap | P/B | P/E | ||||
|---|---|---|---|---|---|---|
| JP |
|
Ichigo Office REIT Investment Corp
TSE:8975
|
143B JPY | 1.4 | 15.3 | |
| US |
|
Boston Properties Inc
NYSE:BXP
|
9.2B USD | 1.8 | 33.1 | |
| US |
|
Alexandria Real Estate Equities Inc
NYSE:ARE
|
8.1B USD | 0.5 | -5.6 | |
| FR |
|
Covivio SA
PAR:COV
|
6.3B EUR | 0.7 | 8.5 | |
| JP |
|
Nippon Building Fund Inc
TSE:8951
|
1.2T JPY | 1.6 | 26.9 | |
| US |
|
COPT Defense Properties
NYSE:CDP
|
7.2B USD | 4.7 | 47.2 | |
| US |
|
Vornado Realty Trust
NYSE:VNO
|
5.6B USD | 0.9 | 6.6 | |
| JP |
|
Japan Real Estate Investment Corp
TSE:8952
|
858.7B JPY | 1.6 | 23.4 | |
| AU |
|
Dexus
ASX:DXS
|
6.7B AUD | 0.7 | 12.9 | |
| SG |
|
Keppel REIT
SGX:K71U
|
4.4B | 0 | 0 | |
| JP |
|
Kenedix Office Investment Corp
TSE:8972
|
670.9B JPY | 1.1 | 19.8 |
Market Distribution
| Min | 0 |
| 30th Percentile | 1.1 |
| Median | 1.4 |
| 70th Percentile | 2.1 |
| Max | 31 732 017.6 |
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.
