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EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, NIPPON REIT Investment's enterprise value is 円273,772 Mil.
NIPPON REIT Investment's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was 円15,909 Mil. Therefore, NIPPON REIT Investment's EV-to-EBITDA for today is 17.21.
The historical rank and industry rank for NIPPON REIT Investment's EV-to-EBITDA or its related term are showing as below:
TSE:3296'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 13.15 Med: 25.76 Max: 34.33
Current: 17.21
During the past 11 years, the highest EV-to-EBITDA of NIPPON REIT Investment was 34.33. The lowest was 13.15. And the median was 25.76.
TSE:3296's EV-to-EBITDA is ranked worse than 60.81% of 666
companies
in the REITs industry
Industry Median: 15.005
vs TSE:3296: 17.21
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
NIPPON REIT Investment's PE Ratio (TTM) for today is calculated as:
NIPPON REIT Investment's share price for today is 円81900.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. NIPPON REIT Investment's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was 円7196.525.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
* 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.
TSE:3296 vs BXP, ARE, VNO: EV-to-EBITDA Comparison
For the REIT - Office subindustry, NIPPON REIT Investment's EV-to-EBITDA, along with its competitors' market caps and EV-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 REIT Investment EV-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, NIPPON REIT Investment's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where NIPPON REIT Investment's EV-to-EBITDA 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 EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was 円15,909 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-EBITDA of 17.21 as of Sep. 03, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on NIPPON REIT Investment. This is 33% below median its historical median of 25.76. Over the past decade, NIPPON REIT Investment's EV-to-EBITDA has ranged from 13.15 to 34.33. According to the industry distribution chart, NIPPON REIT Investment ranks #405 out of 666 companies in the REITs industry, placing it in the top 60.8%.
Is NIPPON REIT Investment's EV-to-EBITDA too high?
NIPPON REIT Investment's current EV-to-EBITDA of 17.21 is 33% below median its 10-year median of 25.76. Over the past 10 years, this metric has ranged from a low of 13.15 to a high of 34.33. The REITs industry median EV-to-EBITDA is 15.01. NIPPON REIT Investment's value of 17.21 is 14.7% above this industry median. Based on the distribution chart, NIPPON REIT Investment ranks #405 out of 666 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-EBITDA compare to BXP and ARE?
According to the REITs industry distribution chart, NIPPON REIT Investment ranks #405 out of 666 companies for EV-to-EBITDA. This places NIPPON REIT Investment in the lower half of its industry. The industry median EV-to-EBITDA is 15.01. NIPPON REIT Investment's value of 17.21 is 14.7% above this benchmark. Historically, NIPPON REIT Investment's own EV-to-EBITDA has ranged from 13.15 to 34.33 over the past decade. While the company's 10-year median is 25.76 vs. the industry median of 15.01, 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-EBITDA for a REITs company?
The median EV-to-EBITDA among REITs companies is 15.01, based on 666 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NIPPON REIT Investment's current EV-to-EBITDA of 17.21 is 14.7% 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-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on NIPPON REIT Investment. For the REITs industry, the median EV-to-EBITDA is 15.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NIPPON REIT Investment's current EV-to-EBITDA is 17.21, which is 33% below median its own 10-year median of 25.76. 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-EBITDA is 17.21, which is 33% below median its 10-year median of 25.76 and 14.7% above the REITs industry median of 15.01. 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-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For NIPPON REIT Investment (TSE:3296), the current EV-to-EBITDA is 17.21 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-EBITDA: 17.21 (33% below median its 10-year median of 25.76)
GF Value™: 円91,907.16 vs. price of 円81,900.00 (10.9% below fair value)
Industry Position: 14.7% above the REITs median (#405 of 666)
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-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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