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Nippon Building FundNBFJF 68 Debt-to-EBITDA is 10.82 as of Dec. 2025, which is 19% above its 10-year median of 9.11. GuruFocus rates NBFJF with a GF Score™ of 68/100 and a GF Value™ of $683.92. The stock has 7 warning signs investors should review. Among 577 REITs companies, Nippon Building Fund ranks worse than 75.22% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Nippon Building Fund's Debt-to-EBITDA or its related term are showing as below:
NBFJF'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 8.99 Med: 9.11 Max: 10.37
Current: 10.17
During the past 13 years, the highest Debt-to-EBITDA Ratio of Nippon Building Fund was 10.37. The lowest was 8.99. And the median was 9.11.
NBFJF's Debt-to-EBITDA is ranked worse than 75.22% of 577
companies
in the REITs industry
Industry Median: 6.56
vs NBFJF: 10.17
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Nippon Building Fund Debt-to-EBITDA Related Terms
Nippon Building Fund Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Nippon Building Fund's Debt-to-EBITDA 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.
For the REIT - Office subindustry, Nippon Building Fund's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.
Nippon Building Fund Debt-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, Nippon Building Fund's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Nippon Building Fund's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is two times the quarterly (Dec. 2025) EBITDA data.
Nippon Building Fund (NBFJF) has a Debt-to-EBITDA of 10.82 as of Dec. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Nippon Building Fund. This is 19% above median its historical median of 9.11. Over the past decade, Nippon Building Fund's Debt-to-EBITDA has ranged from 8.99 to 10.37. According to the industry distribution chart, Nippon Building Fund ranks #434 out of 577 companies in the REITs industry, placing it in the top 75.2%.
Is Nippon Building Fund's Debt-to-EBITDA too high?
Nippon Building Fund's current Debt-to-EBITDA of 10.82 is 19% above median its 10-year median of 9.11. Over the past 10 years, this metric has ranged from a low of 8.99 to a high of 10.37. The REITs industry median Debt-to-EBITDA is 6.56. Nippon Building Fund's value of 10.82 is 64.9% above this industry median. Based on the distribution chart, Nippon Building Fund ranks #434 out of 577 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Nippon Building Fund has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Nippon Building Fund's Debt-to-EBITDA compare to BXP and ARE?
According to the REITs industry distribution chart, Nippon Building Fund ranks #434 out of 577 companies for Debt-to-EBITDA. This places Nippon Building Fund in the lower half of its industry. The industry median Debt-to-EBITDA is 6.56. Nippon Building Fund's value of 10.82 is 64.9% above this benchmark. Historically, Nippon Building Fund's own Debt-to-EBITDA has ranged from 8.99 to 10.37 over the past decade. While the company's 10-year median is 9.11 vs. the industry median of 6.56, Nippon Building Fund has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a REITs company?
The median Debt-to-EBITDA among REITs companies is 6.56, based on 577 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nippon Building Fund's current Debt-to-EBITDA of 10.82 is 64.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Nippon Building Fund. For the REITs industry, the median Debt-to-EBITDA is 6.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Building Fund's current Debt-to-EBITDA is 10.82, which is 19% above median its own 10-year median of 9.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Building Fund stock overvalued right now?
Nippon Building Fund (NBFJF) has a current Debt-to-EBITDA of 10.82. The stock's GF Value™ is $683.92, compared to a current price of $842.92 — trading 23.2% above its estimated fair value. The current Debt-to-EBITDA is 10.82, which is 19% above median its 10-year median of 9.11 and 64.9% above the REITs industry median of 6.56. Nippon Building Fund's overall GF Score™ is 68/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Nippon Building Fund (NBFJF), the current Debt-to-EBITDA is 10.82 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Nippon Building Fund (NBFJF) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Building Fund stock appears to be overvalued.
The current stock price of $842.92 is trading 23.2% above its estimated GF Value™ of $683.92.
Key valuation signals for NBFJF:
Debt-to-EBITDA: 10.82 (19% above median its 10-year median of 9.11)
GF Value™: $683.92 vs. price of $842.92 (23.2% above fair value)
Industry Position: 64.9% above the REITs median (#434 of 577)
No single metric tells the full story. See the NBFJF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Building Fund Inc is a Japanese real estate investment trust engaged in the acquisition, ownership, and leasing of properties in the Greater Tokyo area. The company's real estate portfolio comprises of large corporate office buildings. The majority of these are located in the five wards of Tokyo's central business district. Office space located throughout the rest of Tokyo also makes up a substantial percentage of Nippon Building Fund's assets. The company derives the majority of its income in the form of rental revenue from tenants. Nippon Building Fund's customers are firms from the service, electrical equipment, and information and communications industries in terms of square footage used.
68GF Score
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Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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