Nippon Building Fund (FRA:S4C) EBIT: €266.2 Mil (TTM As of Dec. 2025)


FRA:S4C Nippon Building Fund Inc FRA:S4C
57 GF Score
Price €680.00
GF Value €584.52
! 7 Warning Signs
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What is Nippon Building Fund EBIT?

Nippon Building Fund FRA:S4C +1.49% 57 EBIT is €266.2 Mil as of Dec. 2025. GuruFocus rates FRA:S4C with a GF Score™ of 57/100 and a GF Value™ of €584.52. The stock has 7 warning signs investors should review.

Nippon Building Fund's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was €115.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was €266.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nippon Building Fund's annualized ROC % for the quarter that ended in Dec. 2025 was 2.73%. Nippon Building Fund's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 2.94%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Nippon Building Fund's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 2.83%.


Nippon Building Fund  (FRA:S4C) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Nippon Building Fund's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=232.432 * ( 1 - 0% )/( (8862.47 + 8180.719)/ 2 )
=232.432/8521.5945
=2.73 %

where

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=8357.526 - 41.813 - ( 53.962 - max(0, 635.162 - 88.405+53.962))
=8862.47

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=7935.746 - 54.24 - ( 130.977 - max(0, 461.837 - 162.624+130.977))
=8180.719

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Nippon Building Fund's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=231.758/( ( (8117.481 + max(-36.055, 0)) + (7632.664 + max(-51.706, 0)) )/ 2 )
=231.758/( ( 8117.481 + 7632.664 )/ 2 )
=231.758/7875.0725
=2.94 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.992 + 0 + 32.451) - (41.813 + 0 + 28.685)
=-36.055

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.601 + 0 + 30.046) - (54.24 + 0 + 29.113)
=-51.706

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Nippon Building Fund's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=266.203/9399.475
=2.83 %

* 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.


Nippon Building Fund EBIT Related Terms


Nippon Building Fund EBIT Historical Data

* Premium members only.

The historical data trend for Nippon Building Fund's EBIT 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.

Nippon Building Fund EBIT Chart

Nippon Building Fund Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 355.75 337.60 263.12 301.86 253.09

Nippon Building Fund Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 131.99 144.68 149.21 150.32 115.88

FRA:S4C vs BXP, ARE, VNO: EBIT Comparison

For the REIT - Office subindustry, Nippon Building Fund's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, Nippon Building Fund's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Nippon Building Fund's EV-to-EBIT falls into.


FRA:S4C
57GF Score
Nippon Building Fund Inc FRA:S4C
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Nippon Building Fund EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €266.2 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €266.2 Mil mean?
Nippon Building Fund (FRA:S4C) has a EBIT of €266.2 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Nippon Building Fund.
Is Nippon Building Fund's EBIT too high?
Nippon Building Fund's current EBIT is €266.2 Mil. Overall, Nippon Building Fund has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does Nippon Building Fund's EBIT compare to BXP and ARE?
Nippon Building Fund's EBIT of €266.2 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a REITs company?
A good EBIT depends on the REITs industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Nippon Building Fund. Nippon Building Fund's current EBIT is €266.2 Mil. 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 (FRA:S4C) has a current EBIT of €266.2 Mil. The stock's GF Value™ is €584.52, compared to a current price of €680.00 — trading 16.3% above its estimated fair value. The current EBIT is €266.2 Mil. Nippon Building Fund's overall GF Score™ is 57/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Nippon Building Fund (FRA:S4C), the current EBIT is €266.2 Mil 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 (FRA:S4C) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Building Fund stock appears to be overvalued. The current stock price of €680.00 is trading 16.3% above its estimated GF Value™ of €584.52.

Key valuation signals for FRA:S4C:

  • EBIT: €266.2 Mil
  • GF Value™: €584.52 vs. price of €680.00 (16.3% above fair value)
  • GF Score™: 57/100 with 7 warning signs

No single metric tells the full story. See the FRA:S4C stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nippon Building Fund Business Description

Industry Real EstateREITs
Other Exchanges 8951:JapanS4C:Germany
Address 3-1, Nihonbashi Muromachi 2-chome, Muromachi Furukawa Mitsui Building 16th Floor, Chuo-ku, Tokyo, JPN, 103-0022
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.
57GF Score

Get the complete analysis for FRA:S4C

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€680.00
Price
€584.52
GF Value