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This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
NIPPON REIT Investment's Enterprise Value for the quarter that ended in Dec. 2025 was 円298,546 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. NIPPON REIT Investment's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was 円13,810 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.
* 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 REIT Investment'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 REIT Investment EV-to-EBIT vs REITs Industry
For the REITs industry and Real Estate sector, NIPPON REIT Investment's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where NIPPON REIT Investment's EV-to-EBIT falls into.
NIPPON REIT Investment's current Enterprise Value is 円273,772 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. NIPPON REIT Investment's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was 円13,810 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.
NIPPON REIT Investment (TSE:3296) has a EV-to-EBIT of 19.82 as of Sep. 03, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on NIPPON REIT Investment and its competitors. This is 37% below median its historical median of 31.43. Over the past decade, NIPPON REIT Investment's EV-to-EBIT has ranged from 16.25 to 41.73. According to the industry distribution chart, NIPPON REIT Investment ranks #352 out of 648 companies in the REITs industry, placing it in the top 54.3%.
Is NIPPON REIT Investment's EV-to-EBIT too high?
NIPPON REIT Investment's current EV-to-EBIT of 19.82 is 37% below median its 10-year median of 31.43. Over the past 10 years, this metric has ranged from a low of 16.25 to a high of 41.73. The REITs industry median EV-to-EBIT is 17.70. NIPPON REIT Investment's value of 19.82 is 12% above this industry median. Based on the distribution chart, NIPPON REIT Investment ranks #352 out of 648 companies in the REITs industry, which is below the industry midpoint. Overall, NIPPON REIT Investment has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NIPPON REIT Investment's EV-to-EBIT compare to BXP and ARE?
According to the REITs industry distribution chart, NIPPON REIT Investment ranks #352 out of 648 companies for EV-to-EBIT. This places NIPPON REIT Investment in the lower half of its industry. The industry median EV-to-EBIT is 17.70. NIPPON REIT Investment's value of 19.82 is 12% above this benchmark. Historically, NIPPON REIT Investment's own EV-to-EBIT has ranged from 16.25 to 41.73 over the past decade. While the company's 10-year median is 31.43 vs. the industry median of 17.70, NIPPON REIT Investment 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 EV-to-EBIT for a REITs company?
The median EV-to-EBIT among REITs companies is 17.70, based on 648 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NIPPON REIT Investment's current EV-to-EBIT of 19.82 is 12% 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on NIPPON REIT Investment and its competitors. For the REITs industry, the median EV-to-EBIT is 17.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NIPPON REIT Investment's current EV-to-EBIT is 19.82, which is 37% below median its own 10-year median of 31.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NIPPON REIT Investment stock overvalued right now?
Based on GuruFocus' analysis, NIPPON REIT Investment (TSE:3296) is currently considered Modestly Undervalued. The stock's GF Value™ is 円91,907.16, compared to a current price of 円81,900.00 — trading 10.9% below its estimated fair value. The current EV-to-EBIT is 19.82, which is 37% below median its 10-year median of 31.43 and 12% above the REITs industry median of 17.70. NIPPON REIT Investment's overall GF Score™ is 64/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For NIPPON REIT Investment (TSE:3296), the current EV-to-EBIT is 19.82 as of Sep. 03, 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 NIPPON REIT Investment (TSE:3296) Overvalued in 2026?
Based on GuruFocus' analysis, NIPPON REIT Investment stock appears to be undervalued.
The current stock price of 円81,900.00 is trading 10.9% below its estimated GF Value™ of 円91,907.16.
GuruFocus considers NIPPON REIT Investment to be Modestly Undervalued.
Key valuation signals for TSE:3296:
EV-to-EBIT: 19.82 (37% below median its 10-year median of 31.43)
GF Value™: 円91,907.16 vs. price of 円81,900.00 (10.9% below fair value)
Industry Position: 12% above the REITs median (#352 of 648)
No single metric tells the full story. See the TSE:3296 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NIPPON REIT Investment Corp is engaged in the property leasing business. The company manages assets by investing the funds paid in by the unitholders principally in real estate-related assets. The company develops a portfolio of properties focused on income growth and stability, aiming to maximize unitholder value.
64GF Score
Get the complete analysis for TSE:3296
EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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