Daiwa Office Investment (TSE:8976) Price-to-Tangible-Book : 1.16 (As of May. 14, 2024)

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What is Daiwa Office Investment Price-to-Tangible-Book?

As of today (2024-05-14), Daiwa Office Investment's share price is 円593000.00. Daiwa Office Investment's Tangible Book per Share of Nov. 2023 for the quarter that ended in Nov. 2023 was 円511,858.83. Hence, Daiwa Office Investment's Price to Tangible Book Ratio of today is 1.16.

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

TSE:8976' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.03 Med: 1.24 Max: 1.6
Current: 1.16

During the past 13 years, Daiwa Office Investment's highest Price to Tangible Book Ratio was 1.60. The lowest was 1.03. And the median was 1.24.

TSE:8976's Price-to-Tangible-Book is ranked worse than
75.8% of 839 companies
in the REITs industry
Industry Median: 0.83 vs TSE:8976: 1.16

A closely related ratio is called PB Ratio. As of today, Daiwa Office Investment's share price is 円593000.00. Daiwa Office Investment's Book Value per Sharefor the quarter that ended in Nov. 2023 was 円517,549.35. Hence, Daiwa Office Investment's P/B Ratio of today is 1.15.

Daiwa Office Investment Price-to-Tangible-Book Historical Data

The historical data trend for Daiwa Office 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.

Daiwa Office Investment Price-to-Tangible-Book Chart

Daiwa Office Investment Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.37

1.60

1.17

1.39

1.32

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
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.39	1.35	1.32	1.13	1.32

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

For the REIT - Office subindustry, Daiwa Office 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.

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

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

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

Daiwa Office Investment Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Nov. 2023 )
	=	593000.00	/	511858.834
	=	1.16

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.

Daiwa Office Investment Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Daiwa Office Investment's Price-to-Tangible-Book 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 » Price-to-Tangible-Book

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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