Nippon Hotel & Residential Investment (TSE:3472) Price-to-Tangible-Book : 0.89 (As of May. 15, 2024)

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What is Nippon Hotel & Residential Investment Price-to-Tangible-Book?

As of today (2024-05-15), Nippon Hotel & Residential Investment's share price is 円77700.00. Nippon Hotel & Residential Investment's Tangible Book per Share of May. 2023 for the quarter that ended in May. 2023 was 円87,710.43. Hence, Nippon Hotel & Residential Investment's Price to Tangible Book Ratio of today is 0.89.

The historical rank and industry rank for Nippon Hotel & Residential Investment's Price-to-Tangible-Book or its related term are showing as below:

TSE:3472' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.73 Med: 0.94 Max: 1.07
Current: 0.89

During the past 7 years, Nippon Hotel & Residential Investment's highest Price to Tangible Book Ratio was 1.07. The lowest was 0.73. And the median was 0.94.

TSE:3472's Price-to-Tangible-Book is ranked worse than
54.83% of 839 companies
in the REITs industry
Industry Median: 0.83 vs TSE:3472: 0.89

A closely related ratio is called PB Ratio. As of today, Nippon Hotel & Residential Investment's share price is 円77700.00. Nippon Hotel & Residential Investment's Book Value per Sharefor the quarter that ended in May. 2023 was 円89,084.03. Hence, Nippon Hotel & Residential Investment's P/B Ratio of today is 0.87.

Nippon Hotel & Residential Investment Price-to-Tangible-Book Historical Data

The historical data trend for Nippon Hotel & Residential Investment's Price-to-Tangible-Book 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.

Nippon Hotel & Residential Investment Price-to-Tangible-Book Chart

Nippon Hotel & Residential Investment Annual Data

Trend

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.94

1.07

0.78

0.85

0.73

Nippon Hotel & Residential Investment Semi-Annual Data
	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23
Price-to-Tangible-Book	Get a 7-Day Free Trial								0.94	0.85	0.80	0.73	0.74

Competitive Comparison of Nippon Hotel & Residential Investment's Price-to-Tangible-Book

For the REIT - Hotel & Motel subindustry, Nippon Hotel & Residential Investment's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.

Nippon Hotel & Residential Investment's Price-to-Tangible-Book Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Nippon Hotel & Residential Investment's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Nippon Hotel & Residential Investment's Price-to-Tangible-Book falls into.

Nippon Hotel & Residential Investment Price-to-Tangible-Book Calculation

Nippon Hotel & Residential Investment's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: May. 2023 )
	=	77700.00	/	87710.427
	=	0.89

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

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

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

Be Aware

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

Nippon Hotel & Residential Investment Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Nippon Hotel & Residential Investment's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Nippon Hotel & Residential Investment (TSE:3472) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Nippon Hotel & Residential Investment Corp (TSE:3472) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-3-4 Nihonbashihoncho, Chuo-ku, Tokyo, JPN, 103-0023

Website

https://oom-reit.com

Ooedo Onsen Reit Investment Corp is a real estate investment trust externally managed by Ooedo Onsen Asset Management Co., Ltd. The firm invests in onsen and spa-related facilities, mainly facilities. The company principally invests in hot spring-related industries, such as hotels, hot spring facilities and theme parks.

Nippon Hotel & Residential Investment (TSE:3472) Headlines

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