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The historical rank and industry rank for Nomura Real Estate Master Fund's EV-to-OCF or its related term are showing as below:
NMMRF'
s EV-to-OCF Range Over the Past 10 Years
Min: 12.57 Med: 22.66 Max: 35.02
Current: 17.64
During the past 11 years, the highest EV-to-OCF of Nomura Real Estate Master Fund was 35.02. The lowest was 12.57. And the median was 22.66.
NMMRF's EV-to-OCF is ranked better than 51.56% of 929
companies
in the REITs industry
Industry Median: 18.21
vs NMMRF: 17.64
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
Nomura Real Estate Master Fund (OTCPK:NMMRF) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
Nomura Real Estate Master Fund's PE Ratio (TTM) for today is calculated as:
Nomura Real Estate Master Fund's share price for today is $1008.35.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Nomura Real Estate Master Fund's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Feb. 2026 was $42.033.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Nomura Real Estate Master Fund EV-to-OCF Related Terms
Nomura Real Estate Master Fund EV-to-OCF Historical Data
* 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 - Retail subindustry, Nomura Real Estate Master Fund's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs REITs Industry
For the REITs industry and Real Estate sector, Nomura Real Estate Master Fund's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Nomura Real Estate Master Fund's EV-to-OCF falls into.
Nomura Real Estate Master Fund's current Enterprise Value is $7,406.7 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Nomura Real Estate Master Fund's Cash Flow from Operations for the trailing twelve months (TTM) ended in Feb. 2026 was $437.8 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.
Nomura Real Estate Master Fund (NMMRF) has a EV-to-OCF of 16.92 as of Aug. 14, 2026. This is 25% below median its historical median of 22.66. Over the past decade, Nomura Real Estate Master Fund's EV-to-OCF has ranged from 12.57 to 35.02. According to the industry distribution chart, Nomura Real Estate Master Fund ranks #450 out of 929 companies in the REITs industry, placing it in the top 48.4%.
Is Nomura Real Estate Master Fund's EV-to-OCF too high?
Nomura Real Estate Master Fund's current EV-to-OCF of 16.92 is 25% below median its 10-year median of 22.66. Over the past 10 years, this metric has ranged from a low of 12.57 to a high of 35.02. The REITs industry median EV-to-OCF is 18.21. Nomura Real Estate Master Fund's value of 16.92 is 7.1% below this industry median. Based on the distribution chart, Nomura Real Estate Master Fund ranks #450 out of 929 companies in the REITs industry, which is above 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 EV-to-OCF compare to SPG and O?
According to the REITs industry distribution chart, Nomura Real Estate Master Fund ranks #450 out of 929 companies for EV-to-OCF. This puts Nomura Real Estate Master Fund in the upper half of its industry. The industry median EV-to-OCF is 18.21. Nomura Real Estate Master Fund's value of 16.92 is 7.1% below this benchmark. Historically, Nomura Real Estate Master Fund's own EV-to-OCF has ranged from 12.57 to 35.02 over the past decade. While the company's 10-year median is 22.66 vs. the industry median of 18.21, Nomura Real Estate Master Fund has consistently been below 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-OCF for a REITs company?
The median EV-to-OCF among REITs companies is 18.21, based on 929 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nomura Real Estate Master Fund's current EV-to-OCF of 16.92 is 7.1% below 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the REITs industry, the median EV-to-OCF is 18.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nomura Real Estate Master Fund's current EV-to-OCF is 16.92, which is 25% below median its own 10-year median of 22.66. 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 EV-to-OCF of 16.92. The stock's GF Value™ is $1,077.83, compared to a current price of $1,008.35 — trading 6.4% below its estimated fair value. The current EV-to-OCF is 16.92, which is 25% below median its 10-year median of 22.66 and 7.1% below the REITs industry median of 18.21. 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 EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Nomura Real Estate Master Fund (NMMRF), the current EV-to-OCF is 16.92 as of Aug. 14, 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 6.4% below its estimated GF Value™ of $1,077.83.
Key valuation signals for NMMRF:
EV-to-OCF: 16.92 (25% below median its 10-year median of 22.66)
GF Value™: $1,077.83 vs. price of $1,008.35 (6.4% below fair value)
Industry Position: 7.1% below the REITs median (#450 of 929)
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 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
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EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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