D

Daiwa Office Investment Corp
TSE:8976

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Daiwa Office Investment Corp
TSE:8976
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Price: 285 600 JPY 0.04% Market Closed
Market Cap: 273.2B JPY
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Relative Value

The Relative Value of one Daiwa Office Investment Corp stock under the Base Case scenario is 314 173.91 JPY. Compared to the current market price of 285 600 JPY, Daiwa Office Investment Corp is Undervalued by 9%.

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
314 173.91 JPY
Undervaluation 9%
Relative Value
Price
D
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
3
vs Industry
16
Median 3Y
9.3
Median 5Y
5.6
Industry
3.6
Forward
10.5
vs History
3
vs Industry
24
Median 3Y
19.9
Median 5Y
11.9
Industry
16.7
Forward
22.6
vs History
3
vs Industry
32
Median 3Y
11.7
Median 5Y
7.2
Industry
10.9
vs History
3
vs Industry
24
Median 3Y
14.4
Median 5Y
12.8
Industry
13.3
vs History
11
vs Industry
30
Median 3Y
1.1
Median 5Y
0.6
Industry
0.8
vs History
3
vs Industry
16
Median 3Y
15
Median 5Y
10.9
Industry
6.6
Forward
16.4
vs History
3
vs Industry
11
Median 3Y
28.6
Median 5Y
20.8
Industry
11.9
vs History
3
vs Industry
19
Median 3Y
23.1
Median 5Y
16.9
Industry
15.8
Forward
23.6
vs History
3
vs Industry
20
Median 3Y
28.9
Median 5Y
21
Industry
19
vs History
3
vs Industry
35
Median 3Y
18.4
Median 5Y
14
Industry
18.5
vs History
3
vs Industry
27
Median 3Y
29.7
Median 5Y
23.1
Industry
20.1
vs History
12
vs Industry
28
Median 3Y
0.9
Median 5Y
0.7
Industry
0.7

Multiples Across Competitors

Competitors Multiples
Daiwa 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
Daiwa Office Investment Corp
TSE:8976
273.2B JPY 10 22 24.8 31.4
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 5.1 -7.3 16.2 17.8
JP
Japan Real Estate Investment Corp
TSE:8952
771.2B JPY 9.2 20.6 21.3 27.8
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
D
Daiwa Office Investment Corp
TSE:8976
Average P/E: 40.6
22
-5%
N/A
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
20.6
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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