Japan Excellent, Inc.

TSE:8987 Stock Report

Market Cap: JP¥159.3b

Japan Excellent Valuation

Is 8987 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 8987 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 8987 (¥119100) is trading above our estimate of fair value (¥43507.11)

Significantly Below Fair Value: 8987 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 8987?

Key metric: As 8987 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 8987. This is calculated by dividing 8987's market cap by their current earnings.
What is 8987's PE Ratio?
PE Ratio19.3x
EarningsJP¥8.25b
Market CapJP¥159.31b

Price to Earnings Ratio vs Peers

How does 8987's PE Ratio compare to its peers?

The above table shows the PE ratio for 8987 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19x
8975 Ichigo Office REIT Investment
18.6xn/aJP¥123.9b
3234 Mori Hills REIT Investment
19x-3.4%JP¥240.5b
8958 Global One Real Estate Investment
15xn/aJP¥100.8b
8976 Daiwa Office Investment
23.3x5.4%JP¥289.7b
8987 Japan Excellent
19.3xn/aJP¥159.3b

Price-To-Earnings vs Peers: 8987 is expensive based on its Price-To-Earnings Ratio (19.3x) compared to the peer average (19x).

Price to Earnings Ratio vs Industry

How does 8987's PE Ratio compare vs other companies in the Asian Office REITs Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
8987 19.3xIndustry Avg. 17.3xNo. of Companies7PE0816243240+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 8987 is expensive based on its Price-To-Earnings Ratio (19.3x) compared to the Asian Office REITs industry average (17.3x).

Price to Earnings Ratio vs Fair Ratio

What is 8987'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.

8987 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 8987's Price-To-Earnings Fair Ratio for valuation analysis.

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 8987 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥119,100.00
JP¥142,500.00
+19.6%
7.3%JP¥158,000.00JP¥130,000.00n/a4
Nov ’25JP¥118,700.00
JP¥141,500.00
+19.2%
6.3%JP¥154,000.00JP¥130,000.00n/a4
Oct ’25JP¥122,800.00
JP¥139,750.00
+13.8%
7.3%JP¥154,000.00JP¥130,000.00n/a4
Sep ’25JP¥126,600.00
JP¥136,800.00
+8.1%
8.0%JP¥154,000.00JP¥125,000.00n/a5
Aug ’25JP¥118,900.00
JP¥135,200.00
+13.7%
9.1%JP¥154,000.00JP¥122,000.00n/a5
Jul ’25JP¥117,100.00
JP¥136,600.00
+16.7%
8.8%JP¥154,000.00JP¥122,000.00n/a5
Jun ’25JP¥120,200.00
JP¥138,800.00
+15.5%
7.2%JP¥154,000.00JP¥125,000.00n/a5
May ’25JP¥128,500.00
JP¥138,800.00
+8.0%
7.2%JP¥154,000.00JP¥125,000.00n/a5
Apr ’25JP¥128,000.00
JP¥138,000.00
+7.8%
7.4%JP¥154,000.00JP¥125,000.00n/a5
Mar ’25JP¥117,700.00
JP¥135,000.00
+14.7%
7.4%JP¥154,000.00JP¥125,000.00n/a5
Feb ’25JP¥119,000.00
JP¥135,600.00
+13.9%
6.9%JP¥154,000.00JP¥128,000.00n/a5
Jan ’25JP¥125,400.00
JP¥135,000.00
+7.7%
7.1%JP¥154,000.00JP¥128,000.00n/a5
Dec ’24JP¥132,400.00
JP¥136,333.33
+3.0%
6.8%JP¥154,000.00JP¥128,000.00n/a6
Nov ’24JP¥133,600.00
JP¥136,333.33
+2.0%
6.8%JP¥154,000.00JP¥128,000.00JP¥118,700.006
Oct ’24JP¥132,300.00
JP¥128,500.00
-2.9%
8.4%JP¥143,000.00JP¥107,000.00JP¥122,800.006
Sep ’24JP¥135,300.00
JP¥128,500.00
-5.0%
8.4%JP¥143,000.00JP¥107,000.00JP¥126,600.006
Aug ’24JP¥130,900.00
JP¥123,500.00
-5.7%
6.9%JP¥133,000.00JP¥107,000.00JP¥118,900.006
Jul ’24JP¥125,300.00
JP¥122,666.67
-2.1%
6.6%JP¥133,000.00JP¥107,000.00JP¥117,100.006
Jun ’24JP¥118,700.00
JP¥120,600.00
+1.6%
6.1%JP¥127,000.00JP¥107,000.00JP¥120,200.005
May ’24JP¥116,700.00
JP¥120,600.00
+3.3%
6.1%JP¥127,000.00JP¥107,000.00JP¥128,500.005
Apr ’24JP¥119,900.00
JP¥135,500.00
+13.0%
8.4%JP¥155,000.00JP¥127,000.00JP¥128,000.004
Mar ’24JP¥120,600.00
JP¥135,666.67
+12.5%
7.0%JP¥155,000.00JP¥127,000.00JP¥117,700.006
Feb ’24JP¥124,400.00
JP¥137,500.00
+10.5%
6.3%JP¥155,000.00JP¥130,000.00JP¥119,000.006
Jan ’24JP¥131,000.00
JP¥138,333.33
+5.6%
5.9%JP¥155,000.00JP¥130,000.00JP¥125,400.006
Dec ’23JP¥135,000.00
JP¥138,333.33
+2.5%
5.9%JP¥155,000.00JP¥130,000.00JP¥132,400.006
Nov ’23JP¥139,400.00
JP¥138,333.33
-0.8%
5.9%JP¥155,000.00JP¥130,000.00JP¥133,600.006

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

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