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EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, NIPPON REIT Investment's Enterprise Value is 円271,575 Mil.
NIPPON REIT Investment's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 円46,419 Mil. Therefore, NIPPON REIT Investment's EV-to-OCF for today is 5.85.
The historical rank and industry rank for NIPPON REIT Investment's EV-to-OCF or its related term are showing as below:
TSE:3296'
s EV-to-OCF Range Over the Past 10 Years
Min: 5.57 Med: 20.19 Max: 38.8
Current: 5.57
During the past 13 years, the highest EV-to-OCF of NIPPON REIT Investment was 38.80. The lowest was 5.57. And the median was 20.19.
TSE:3296's EV-to-OCF is ranked better than 80.22% of 930
companies
in the REITs industry
Industry Median: 17.63
vs TSE:3296: 5.57
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.
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.
NIPPON REIT Investment's PE Ratio (TTM) for today is calculated as:
NIPPON REIT Investment's share price for today is 円80700.00.
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 Jun. 2026 was 円6574.256.
* 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.
* 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-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.
NIPPON REIT Investment EV-to-OCF vs REITs Industry
For the REITs industry and Real Estate sector, NIPPON REIT Investment's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where NIPPON REIT Investment's EV-to-OCF falls into.
NIPPON REIT Investment's current Enterprise Value is 円271,575 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. NIPPON REIT Investment's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 円46,419 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-OCF of 5.85 as of Sep. 21, 2026. This is 71% below median its historical median of 20.19. Over the past decade, NIPPON REIT Investment's EV-to-OCF has ranged from 5.57 to 38.80. According to the industry distribution chart, NIPPON REIT Investment ranks #184 out of 930 companies in the REITs industry, placing it in the top 19.8%.
Is NIPPON REIT Investment's EV-to-OCF too high?
NIPPON REIT Investment's current EV-to-OCF of 5.85 is 71% below median its 10-year median of 20.19. Over the past 10 years, this metric has ranged from a low of 5.57 to a high of 38.80. The REITs industry median EV-to-OCF is 17.63. NIPPON REIT Investment's value of 5.85 is 66.8% below this industry median. Based on the distribution chart, NIPPON REIT Investment ranks #184 out of 930 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, NIPPON REIT Investment has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does NIPPON REIT Investment's EV-to-OCF compare to BXP and ARE?
According to the REITs industry distribution chart, NIPPON REIT Investment ranks #184 out of 930 companies for EV-to-OCF. This places NIPPON REIT Investment in the top 20% of its industry — outperforming the majority of peers. The industry median EV-to-OCF is 17.63. NIPPON REIT Investment's value of 5.85 is 66.8% below this benchmark. Historically, NIPPON REIT Investment's own EV-to-OCF has ranged from 5.57 to 38.80 over the past decade. While the company's 10-year median is 20.19 vs. the industry median of 17.63, NIPPON REIT Investment 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 17.63, based on 930 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. NIPPON REIT Investment's current EV-to-OCF of 5.85 is 66.8% 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 17.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NIPPON REIT Investment's current EV-to-OCF is 5.85, which is 71% below median its own 10-year median of 20.19. 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 Possible Value Trap. The stock's GF Value™ is 円159,784.98, compared to a current price of 円80,700.00 — trading 49.5% below its estimated fair value. The current EV-to-OCF is 5.85, which is 71% below median its 10-year median of 20.19 and 66.8% below the REITs industry median of 17.63. 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-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For NIPPON REIT Investment (TSE:3296), the current EV-to-OCF is 5.85 as of Sep. 21, 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80,700.00 is trading 49.5% below its estimated GF Value™ of 円159,784.98.
GuruFocus considers NIPPON REIT Investment to be Possible Value Trap.
Key valuation signals for TSE:3296:
EV-to-OCF: 5.85 (71% below median its 10-year median of 20.19)
GF Value™: 円159,784.98 vs. price of 円80,700.00 (49.5% below fair value)
Industry Position: 66.8% below the REITs median (#184 of 930)
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-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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