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Tokyo Gas Co Ltd
TSE:9531

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Tokyo Gas Co Ltd
TSE:9531
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Price: 6 454 JPY -0.26% Market Closed
Market Cap: ¥2.4T

P/B

1.4
Current
61%
More Expensive
vs 3-y average of 0.8

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.

P/B
1.4
=
Market Cap
¥2.6T
/
Total Equity
¥1.6T

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.

P/B
1.4
=
Market Cap
¥2.6T
/
Total Equity
¥1.6T

Valuation Scenarios

Tokyo Gas Co Ltd is trading above its 3-year average

If P/B returns to its 3-Year Average (0.8), the stock would be worth ¥4 008.14 (38% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-44%
Maximum Upside
+4%
Average Downside
29%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 1.4 ¥6 454
0%
3-Year Average 0.8 ¥4 008.14
-38%
5-Year Average 0.8 ¥3 951.93
-39%
Industry Average 0.8 ¥3 591.66
-44%
Country Average 1.4 ¥6 703.38
+4%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close

Market Distribution

In line with most companies in Japan
Percentile
47th
Based on 5 195 companies
47th percentile
1.4
Low
0 — 1.1
Typical Range
1.1 — 2.1
High
2.1 —
Distribution Statistics
Japan
Min 0
30th Percentile 1.1
Median 1.4
70th Percentile 2.1
Max 31 732 017.6

Tokyo Gas Co Ltd
Glance View

Tokyo Gas Co., Ltd., the largest provider of city gas in Japan, has a storied history stretching back more than a century. Its journey began in 1885, born out of an era marked by rapid modernization. Tokyo Gas is essentially woven into the very fabric of urban life in Japan's bustling capital. The company is known for its extensive pipeline network that efficiently delivers natural gas to millions of residents and businesses across the city. Through continuous investment in infrastructure, the company ensures a stable and reliable energy supply—essential for a city that never sleeps. Tokyo Gas’s commitment to innovation is evident in its strategic diversification into liquefied natural gas (LNG) procurement and its role as a key player in the global LNG market. This additional focus on LNG enables the company to secure diverse energy resources, maintaining its position in both domestic and international arenas. As part of its evolving business model, Tokyo Gas doesn't just stop at gas supply; it has broadened its reach into electricity, deploying its expertise to provide integrated energy solutions. The company has invested heavily in cogeneration systems that simultaneously produce electricity and useful heat, offering enhanced energy efficiency. Its foray into renewable energy initiatives further aligns with global trends towards sustainability, illustrating Tokyo Gas’s adaptive strategies in meeting future energy demands. The company earns revenue primarily through sales of natural gas and electricity, yet its expansion into comprehensive energy services, including solutions for industrial clients, marks a strategic pivot aimed at revenue diversification. Tokyo Gas's ability to adapt to the changing energy landscapes while maintaining steady growth is a testament to its strategic acumen and futuristic vision.

Intrinsic Value
5 805.09 JPY
Overvaluation 10%
Intrinsic Value
Price ¥6 454
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