Advance Residence Investment (TSE:3269) PB Ratio : 2.08 (As of May. 02, 2024)

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What is Advance Residence 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 (2024-05-02), Advance Residence Investment's share price is 円347500.00. Advance Residence Investment's Book Value per Share for the quarter that ended in Jan. 2023 was 円167,044.81. Hence, Advance Residence Investment's PB Ratio of today is 2.08.

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

TSE:3269' s PB Ratio Range Over the Past 10 Years
Min: 1.24 Med: 1.83 Max: 2.33
Current: 2.08

During the past 11 years, Advance Residence Investment's highest PB Ratio was 2.33. The lowest was 1.24. And the median was 1.83.

TSE:3269's PB Ratio is ranked worse than
92.7% of 849 companies
in the REITs industry
Industry Median: 0.83 vs TSE:3269: 2.08

During the past 12 months, Advance Residence Investment's average Book Value Per Share Growth Rate was 0.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 0.60% per year.

During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of Advance Residence Investment was 0.80% per year. The lowest was 0.50% per year. And the median was 0.65% per year.

Back to Basics: PB Ratio

Advance Residence Investment PB Ratio Historical Data

The historical data trend for Advance Residence 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.

Advance Residence Investment PB Ratio Chart

Advance Residence Investment Annual Data

Trend

Jul12

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

PB Ratio

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1.65

1.78

2.04

2.24

Advance Residence Investment Semi-Annual Data
	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jan24
PB Ratio	Get a 7-Day Free Trial															2.24	2.03	2.21	1.90	-

Competitive Comparison of Advance Residence Investment's PB Ratio

For the REIT - Residential subindustry, Advance Residence 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.

Advance Residence Investment's PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Advance Residence Investment's PB Ratio falls into.

Advance Residence 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.

Advance Residence Investment's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Jan. 2023)
	=	347500.00	/	167044.806
	=	2.08

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.

Advance Residence Investment (TSE:3269) 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.

Advance Residence Investment PB Ratio Related Terms

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

Advance Residence Investment (TSE:3269) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Advance Residence Investment Corp (TSE:3269) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-26 Kanda-Nishikicho, Chiyoda Ward, Tokyo, JPN, 101-0054

Website

http://www.adr-reit.com

Advance Residence Investment Corp is a real estate investment trust that engaged in the property leasing business. It was created through consolidation type merger between the former Advance Residence Investment Corporation and Nippon Residential Investment Corporation. In order to secure stable earnings and steady growth in assets under management, the company procures funds through loans, issuance of investment corporation bonds, issuance of units, and other means of financing for purchasing real estate properties and repaying its debts. The company primarily invests in residential real estate properties located in central Tokyo, and the Tokyo metropolitan area.

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