Heiwa Real Estate REIT (TSE:8966) Price-to-Tangible-Book : 1.46 (As of May. 29, 2024)

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What is Heiwa Real Estate REIT Price-to-Tangible-Book?

As of today (2024-05-29), Heiwa Real Estate REIT's share price is 円135700.00. Heiwa Real Estate REIT's Tangible Book per Share of Nov. 2023 for the quarter that ended in Nov. 2023 was 円93,226.10. Hence, Heiwa Real Estate REIT's Price to Tangible Book Ratio of today is 1.46.

The historical rank and industry rank for Heiwa Real Estate REIT's Price-to-Tangible-Book or its related term are showing as below:

TSE:8966' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.9 Med: 1.3 Max: 1.65
Current: 1.46

During the past 13 years, Heiwa Real Estate REIT's highest Price to Tangible Book Ratio was 1.65. The lowest was 0.90. And the median was 1.30.

TSE:8966's Price-to-Tangible-Book is ranked worse than
85.75% of 842 companies
in the REITs industry
Industry Median: 0.83 vs TSE:8966: 1.46

A closely related ratio is called PB Ratio. As of today, Heiwa Real Estate REIT's share price is 円135700.00. Heiwa Real Estate REIT's Book Value per Sharefor the quarter that ended in Nov. 2023 was 円103,077.99. Hence, Heiwa Real Estate REIT's P/B Ratio of today is 1.32.

Heiwa Real Estate REIT Price-to-Tangible-Book Historical Data

The historical data trend for Heiwa Real Estate REIT'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.

Heiwa Real Estate REIT Price-to-Tangible-Book Chart

Heiwa Real Estate REIT Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.56

1.30

1.65

1.45

Heiwa Real Estate REIT Semi-Annual Data
	Nov13	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.65	1.60	-	1.66	1.45

Competitive Comparison of Heiwa Real Estate REIT's Price-to-Tangible-Book

For the REIT - Diversified subindustry, Heiwa Real Estate REIT'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.

Heiwa Real Estate REIT's Price-to-Tangible-Book Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Heiwa Real Estate REIT's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Heiwa Real Estate REIT's Price-to-Tangible-Book falls into.

Heiwa Real Estate REIT Price-to-Tangible-Book Calculation

Heiwa Real Estate REIT's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Nov. 2023 )
	=	135700.00	/	93226.104
	=	1.46

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.

Heiwa Real Estate REIT Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Heiwa Real Estate REIT's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Heiwa Real Estate REIT (TSE:8966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Heiwa Real Estate REIT Inc (TSE:8966) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-5-1, Atago, Minato-ku, Tokyo, JPN, 105-6237

Website

http://www.heiwa-re.co.jp

Heiwa Real Estate REIT Inc is a real estate company that primarily invests in office buildings and residential buildings located in the Tokyo Metropolitan Area and other major cities across Japan. The company leases its buildings for rental revenue and renovates its properties. The tenants include both individuals and businesses from various industries such as wholesale and retail, manufacturing, and information and technology services. The company's assets are managed by Heiwa Real Estate Asset Management Co.

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