Nippon Prologis REIT, Inc.

TSE:3283 Stock Report

Market Cap: JP¥714.8b

Nippon Prologis REIT Valuation

Is 3283 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 3283 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3283 (¥251800) is trading below our estimate of fair value (¥258296.64)

Significantly Below Fair Value: 3283 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3283?

Key metric: As 3283 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3283. This is calculated by dividing 3283's market cap by their current earnings.
What is 3283's PE Ratio?
PE Ratio28.7x
EarningsJP¥24.87b
Market CapJP¥714.84b

Price to Earnings Ratio vs Peers

How does 3283's PE Ratio compare to its peers?

The above table shows the PE ratio for 3283 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.7x
3281 GLP J-REIT
23.5x-1.8%JP¥627.4b
3249 Industrial & Infrastructure Fund Investment
18.4x2.0%JP¥292.9b
3466 LaSalle LOGIPORT REIT
20.7x-1.0%JP¥268.5b
3471 Mitsui Fudosan Logistics Park
28.2x9.6%JP¥246.8b
3283 Nippon Prologis REIT
28.7x1.7%JP¥714.8b

Price-To-Earnings vs Peers: 3283 is expensive based on its Price-To-Earnings Ratio (28.7x) compared to the peer average (22.7x).

Price to Earnings Ratio vs Industry

How does 3283's PE Ratio compare vs other companies in the Asian Industrial REITs Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
3283 28.7xIndustry Avg. 20.7xNo. of Companies6PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3283 is expensive based on its Price-To-Earnings Ratio (28.7x) compared to the Asian Industrial REITs industry average (20.7x).

Price to Earnings Ratio vs Fair Ratio

What is 3283's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

3283 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.7x
Fair PE Ratio23x

Price-To-Earnings vs Fair Ratio: 3283 is expensive based on its Price-To-Earnings Ratio (28.7x) compared to the estimated Fair Price-To-Earnings Ratio (23x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 3283 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥251,800.00
JP¥298,870.00
+18.7%
7.5%JP¥338,000.00JP¥270,000.00n/a10
Nov ’25JP¥247,900.00
JP¥306,170.00
+23.5%
7.1%JP¥338,000.00JP¥270,000.00n/a10
Oct ’25JP¥242,900.00
JP¥306,170.00
+26.0%
7.1%JP¥338,000.00JP¥270,000.00n/a10
Sep ’25JP¥257,400.00
JP¥306,170.00
+18.9%
7.1%JP¥338,000.00JP¥270,000.00n/a10
Aug ’25JP¥242,300.00
JP¥307,881.82
+27.1%
5.8%JP¥338,000.00JP¥274,000.00n/a11
Jul ’25JP¥248,700.00
JP¥314,518.18
+26.5%
7.2%JP¥352,000.00JP¥274,000.00n/a11
Jun ’25JP¥259,200.00
JP¥315,972.73
+21.9%
6.5%JP¥352,000.00JP¥285,700.00n/a11
May ’25JP¥274,100.00
JP¥315,881.82
+15.2%
6.5%JP¥352,000.00JP¥285,700.00n/a11
Apr ’25JP¥261,500.00
JP¥315,518.18
+20.7%
6.5%JP¥352,000.00JP¥285,700.00n/a11
Mar ’25JP¥248,200.00
JP¥316,690.91
+27.6%
6.0%JP¥352,000.00JP¥290,000.00n/a11
Feb ’25JP¥258,800.00
JP¥316,690.91
+22.4%
6.0%JP¥352,000.00JP¥290,000.00n/a11
Jan ’25JP¥271,400.00
JP¥323,600.00
+19.2%
6.9%JP¥374,000.00JP¥290,000.00n/a11
Dec ’24JP¥273,900.00
JP¥323,133.33
+18.0%
6.5%JP¥374,000.00JP¥298,600.00n/a12
Nov ’24JP¥267,200.00
JP¥324,216.67
+21.3%
6.3%JP¥374,000.00JP¥298,600.00JP¥247,900.0012
Oct ’24JP¥279,200.00
JP¥327,636.36
+17.3%
6.3%JP¥374,000.00JP¥300,000.00JP¥242,900.0011
Sep ’24JP¥294,500.00
JP¥327,636.36
+11.3%
6.3%JP¥374,000.00JP¥300,000.00JP¥257,400.0011
Aug ’24JP¥291,000.00
JP¥328,727.27
+13.0%
5.9%JP¥374,000.00JP¥308,000.00JP¥242,300.0011
Jul ’24JP¥289,300.00
JP¥329,545.45
+13.9%
6.5%JP¥374,000.00JP¥308,000.00JP¥248,700.0011
Jun ’24JP¥301,500.00
JP¥335,226.27
+11.2%
8.4%JP¥400,489.00JP¥308,000.00JP¥259,200.0011
May ’24JP¥308,500.00
JP¥335,226.27
+8.7%
8.4%JP¥400,489.00JP¥308,000.00JP¥274,100.0011
Apr ’24JP¥280,300.00
JP¥346,562.64
+23.6%
10.2%JP¥412,000.00JP¥308,000.00JP¥261,500.0011
Mar ’24JP¥285,700.00
JP¥346,562.64
+21.3%
10.2%JP¥412,000.00JP¥308,000.00JP¥248,200.0011
Feb ’24JP¥294,300.00
JP¥351,653.55
+19.5%
9.2%JP¥412,000.00JP¥308,000.00JP¥258,800.0011
Jan ’24JP¥308,500.00
JP¥375,926.27
+21.9%
5.9%JP¥417,000.00JP¥350,000.00JP¥271,400.0011
Dec ’23JP¥330,000.00
JP¥376,017.18
+13.9%
5.9%JP¥418,000.00JP¥350,000.00JP¥273,900.0011
Nov ’23JP¥320,000.00
JP¥376,017.18
+17.5%
5.9%JP¥418,000.00JP¥350,000.00JP¥267,200.0011

Analyst Forecast: Target price is less than 20% higher than the current share price.

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