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Nomura Real Estate Master Fund's Enterprise Value for the quarter that ended in Feb. 2026 was $7,791.2 Mil.
Nomura Real Estate Master Fund's EBIT for the trailing twelve months (TTM) ended in Feb. 2026 was $223.3 Mil. Nomura Real Estate Master Fund's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2026 was 0.00%.
The historical rank and industry rank for Nomura Real Estate Master Fund's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NMMRF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.01 Med: 2.44 Max: 3.43
Current: 2.81
During the past 11 years, the highest Earnings Yield (Joel Greenblatt) of Nomura Real Estate Master Fund was 3.43%. The lowest was 2.01%. And the median was 2.44%.
NMMRF's Earnings Yield (Joel Greenblatt) % is ranked worse than 57.25% of 973
companies
in the REITs industry
Industry Median: 3.43
vs NMMRF: 2.81
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Nomura Real Estate Master Fund's Forward Rate of Return (Yacktman) % for the quarter that ended in Feb. 2026 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Nomura Real Estate Master Fund (OTCPK:NMMRF) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
* 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.
Nomura Real Estate Master Fund Earnings Yield (Joel Greenblatt) % Chart
NMMRF vs SPG, O, KIM: Earnings Yield (Joel Greenblatt) % Comparison
For the REIT - Retail subindustry, Nomura Real Estate Master Fund's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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.
Nomura Real Estate Master Fund Earnings Yield (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Nomura Real Estate Master Fund's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nomura Real Estate Master Fund's Earnings Yield (Joel Greenblatt) % falls into.
Nomura Real Estate Master Fund Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Nomura Real Estate Master Funds Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Aug. 2024 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
What does a Earnings Yield (Joel Greenblatt) % of 0.00% mean?
Nomura Real Estate Master Fund (NMMRF) has a Earnings Yield (Joel Greenblatt) % of 0.00% as of Feb. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Nomura Real Estate Master Fund and its competitors. Over the past decade, Nomura Real Estate Master Fund's Earnings Yield (Joel Greenblatt) % has ranged from 2.01 to 3.43. According to the industry distribution chart, Nomura Real Estate Master Fund ranks #557 out of 973 companies in the REITs industry, placing it in the top 57.2%.
Is Nomura Real Estate Master Fund's Earnings Yield (Joel Greenblatt) % too high?
Nomura Real Estate Master Fund's current Earnings Yield (Joel Greenblatt) % is 0.00%. Over the past 10 years, this metric has ranged from a low of 2.01 to a high of 3.43. Based on the distribution chart, Nomura Real Estate Master Fund ranks #557 out of 973 companies in the REITs industry, which is below the industry midpoint. Overall, Nomura Real Estate Master Fund has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does Nomura Real Estate Master Fund's Earnings Yield (Joel Greenblatt) % compare to SPG and O?
According to the REITs industry distribution chart, Nomura Real Estate Master Fund ranks #557 out of 973 companies for Earnings Yield (Joel Greenblatt) %. This places Nomura Real Estate Master Fund in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 3.43. Historically, Nomura Real Estate Master Fund's own Earnings Yield (Joel Greenblatt) % has ranged from 2.01 to 3.43 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for a REITs company?
The median Earnings Yield (Joel Greenblatt) % among REITs companies is 3.43, based on 973 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Nomura Real Estate Master Fund and its competitors. For the REITs industry, the median Earnings Yield (Joel Greenblatt) % is 3.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nomura Real Estate Master Fund's current Earnings Yield (Joel Greenblatt) % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nomura Real Estate Master Fund stock overvalued right now?
Nomura Real Estate Master Fund (NMMRF) has a current Earnings Yield (Joel Greenblatt) % of 0.00%. The stock's GF Value™ is $1,042.94, compared to a current price of $1,008.35 — trading 3.3% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 0.00%. Nomura Real Estate Master Fund's overall GF Score™ is 54/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Nomura Real Estate Master Fund (NMMRF), the current Earnings Yield (Joel Greenblatt) % is 0.00% as of Feb. 2026. 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 Nomura Real Estate Master Fund (NMMRF) Overvalued in 2026?
Based on GuruFocus' analysis, Nomura Real Estate Master Fund stock appears to be undervalued.
The current stock price of $1,008.35 is trading 3.3% below its estimated GF Value™ of $1,042.94.
Key valuation signals for NMMRF:
Earnings Yield (Joel Greenblatt) %: 0.00%
GF Value™: $1,042.94 vs. price of $1,008.35 (3.3% below fair value)
No single metric tells the full story. See the NMMRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nomura Real Estate Master Fund Business Description
Nomura Real Estate Master Fund Inc is a Japanese based company operates as a real estate investment trust. It is implementing medium- to long-term management Strategy, to achieve securing stable income over the medium to long term period, also ensures the steady growth of assets under management. The company invests in logistic facilities and commercial facilities in the Tokyo metropolitan area. It is managed by the fund manager Nomura Real Estate Asset Management Co Ltd.
54GF Score
Get the complete analysis for NMMRF
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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