Ichigo Office REIT Investment (TSE:8975) Price-to-Tangible-Book : 1.32 (As of May. 14, 2024)

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What is Ichigo Office REIT Investment Price-to-Tangible-Book?

As of today (2024-05-14), Ichigo Office REIT Investment's share price is 円84800.00. Ichigo Office REIT Investment's Tangible Book per Share of Oct. 2023 for the quarter that ended in Oct. 2023 was 円64,429.08. Hence, Ichigo Office REIT Investment's Price to Tangible Book Ratio of today is 1.32.

The historical rank and industry rank for Ichigo Office REIT Investment's Price-to-Tangible-Book or its related term are showing as below:

TSE:8975' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.04 Med: 1.33 Max: 1.71
Current: 1.32

During the past 13 years, Ichigo Office REIT Investment's highest Price to Tangible Book Ratio was 1.71. The lowest was 1.04. And the median was 1.33.

TSE:8975's Price-to-Tangible-Book is ranked worse than
82.12% of 839 companies
in the REITs industry
Industry Median: 0.83 vs TSE:8975: 1.32

A closely related ratio is called PB Ratio. As of today, Ichigo Office REIT Investment's share price is 円84800.00. Ichigo Office REIT Investment's Book Value per Sharefor the quarter that ended in Oct. 2023 was 円67,398.99. Hence, Ichigo Office REIT Investment's P/B Ratio of today is 1.26.

Ichigo Office REIT Investment Price-to-Tangible-Book Historical Data

The historical data trend for Ichigo Office REIT 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.

Ichigo Office REIT Investment Price-to-Tangible-Book Chart

Ichigo Office REIT Investment Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.71

1.04

1.33

1.30

1.32

Ichigo Office REIT Investment Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.33	1.28	1.30	1.32	1.32

Competitive Comparison of Ichigo Office REIT Investment's Price-to-Tangible-Book

For the REIT - Office subindustry, Ichigo Office REIT 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.

Ichigo Office REIT Investment's Price-to-Tangible-Book Distribution in the REITs Industry

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

* The bar in red indicates where Ichigo Office REIT Investment's Price-to-Tangible-Book falls into.

Ichigo Office REIT Investment Price-to-Tangible-Book Calculation

Ichigo Office REIT Investment's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Oct. 2023 )
	=	84800.00	/	64429.077
	=	1.32

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.

Ichigo Office REIT Investment Price-to-Tangible-Book Related Terms

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

Ichigo Office REIT Investment (TSE:8975) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ichigo Office REIT Investment Corp (TSE:8975) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

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Address

1-1-1 Uchisaiwai-cho, Chiyoda-ku, Tokyo, JPN, 100-0011

Website

http://www.ichigo-office.co.jp

Ichigo Office REIT Investment Corp is investment company operating in Japan. Its investment strategy is focused on mid-size offices which offer return stability and upside potential. The company seeks to drive higher earnings and sustainable growth for its shareholders by increasing the value of its assets through a wide array of value-add activities, including tailored tenant services, structural building improvements, and targeted tenant leasing. It provides stable cash flows, supporting stable dividends and upside for shareholders through rental income earned in mid-size offices.

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