Daiwa Office Investment (TSE:8976) PB Ratio : 1.13 (As of May. 14, 2024)

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What is Daiwa Office Investment PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-14), Daiwa Office Investment's share price is 円583000.00. Daiwa Office Investment's Book Value per Share for the quarter that ended in Nov. 2023 was 円517,549.35. Hence, Daiwa Office Investment's PB Ratio of today is 1.13.

Good Sign:

Daiwa Office Investment Corp stock PB Ratio (=1.12) is close to 3-year low of 1.08

The historical rank and industry rank for Daiwa Office Investment's PB Ratio or its related term are showing as below:

TSE:8976' s PB Ratio Range Over the Past 10 Years
Min: 0.67 Med: 1.22 Max: 1.75
Current: 1.12

During the past 13 years, Daiwa Office Investment's highest PB Ratio was 1.75. The lowest was 0.67. And the median was 1.22.

TSE:8976's PB Ratio is ranked worse than
75.18% of 850 companies
in the REITs industry
Industry Median: 0.835 vs TSE:8976: 1.12

During the past 5 years, the average Book Value Per Share Growth Rate was 0.10% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 0.30% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Daiwa Office Investment was 0.70% per year. The lowest was -0.10% per year. And the median was 0.20% per year.

Back to Basics: PB Ratio

Daiwa Office Investment PB Ratio Historical Data

The historical data trend for Daiwa Office Investment's PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Daiwa Office Investment PB Ratio Chart

Daiwa Office Investment Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

PB Ratio

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1.36

1.59

1.15

1.37

1.31

Daiwa Office Investment Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
PB Ratio	Get a 7-Day Free Trial															1.37	1.34	1.31	1.12	1.31

Competitive Comparison of Daiwa Office Investment's PB Ratio

For the REIT - Office subindustry, Daiwa Office Investment's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Daiwa Office Investment's PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Daiwa Office Investment's PB Ratio distribution charts can be found below:

* The bar in red indicates where Daiwa Office Investment's PB Ratio falls into.

Daiwa Office Investment PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Daiwa Office Investment's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Nov. 2023)
	=	583000.00	/	517549.35
	=	1.13

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Daiwa Office Investment (TSE:8976) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Daiwa Office Investment PB Ratio Related Terms

Thank you for viewing the detailed overview of Daiwa Office Investment's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Daiwa Office Investment (TSE:8976) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Daiwa Office Investment Corp (TSE:8976) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-2-1 Ginza, Chuo-ku, Tokyo, JPN

Website

https://www.daiwa-office.co.jp

Daiwa Office Investment Corp is a real estate investment trust focused on acquiring, managing, and leasing office properties located in the Five Central Wards of Tokyo. The vast majority of the company's real estate portfolio is composed of office buildings fairly evenly distributed between Tokyo's Five Central Wards in terms of total value. Daiwa derives nearly all of its income in the form of rental revenue from leasing its properties. The firm has a varied tenant base from a number of industries, including the entertainment, retail, insurance, and food and beverage companies.

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