Tokyo Gas Co Ltd
TSE:9531
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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 (0.8), the stock would be worth ¥4 008.14 (38% downside from current price).
| 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
Peer Comparison
| Market Cap | P/B | P/E | ||||
|---|---|---|---|---|---|---|
| JP |
T
|
Tokyo Gas Co Ltd
TSE:9531
|
2.2T JPY | 1.4 | 10.8 | |
| US |
|
Atmos Energy Corp
NYSE:ATO
|
30.7B USD | 2.1 | 24.6 | |
| ES |
|
Naturgy Energy Group SA
MAD:NTGY
|
25.5B EUR | 2.7 | 12.5 | |
| IT |
|
Snam SpA
MIL:SRG
|
22.8B EUR | 2.4 | 17.7 | |
| HK |
|
Hong Kong and China Gas Co Ltd
HKEX:3
|
135.1B HKD | 2.3 | 23.8 | |
| JP |
|
Osaka Gas Co Ltd
TSE:9532
|
2.3T JPY | 1.3 | 12.3 | |
| IT |
|
Italgas SpA
MIL:IG
|
10.6B EUR | 2.8 | 15.7 | |
| IN |
|
GAIL (India) Ltd
NSE:GAIL
|
1.1T INR | 1.2 | 12.6 | |
| CA |
|
AltaGas Ltd
TSX:ALA
|
15.5B CAD | 1.7 | 20.7 | |
| CN |
|
ENN Natural Gas Co Ltd
SSE:600803
|
64.9B CNY | 2.6 | 13.9 | |
| AU |
|
APA Group
ASX:APA
|
13.3B AUD | 6.4 | 82.2 |
Market Distribution
| Min | 0 |
| 30th Percentile | 1.1 |
| Median | 1.4 |
| 70th Percentile | 2.1 |
| Max | 31 732 017.6 |
Other Multiples
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.