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Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Nippon Building Fund's Enterprise Value is 円1,751,801 Mil.
Nippon Building Fund's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was 円47,809 Mil. Therefore, Nippon Building Fund's EV-to-EBIT ratio for today is 36.64.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Nippon Building Fund's Enterprise Value is 円1,751,801 Mil.
Nippon Building Fund's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was 円63,696 Mil. Therefore, Nippon Building Fund's EV-to-EBITDA ratio for today is 27.50.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Nippon Building Fund's Enterprise Value is 円1,751,801 Mil.
Nippon Building Fund's Revenue for the trailing twelve months (TTM) ended in Jun. 2026 was 円102,405 Mil. Therefore, Nippon Building Fund's EV-to-Revenue ratio for today is 17.11.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Nippon Building Fund (TSE:8951) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Nippon Building Fund's current Enterprise Value is 円1,751,801 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Nippon Building Fund's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was 円47,809 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Nippon Building Fund's current Enterprise Value is 円1,751,801 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Nippon Building Fund's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was 円63,696 Mil.
Nippon Building Fund's current Enterprise Value is 円1,751,801 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Nippon Building Fund's Revenue for the trailing twelve months (TTM) ended in Jun. 2026 was 円102,405 Mil.
Nippon Building Fund's current Enterprise Value is 円1,751,801 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Nippon Building Fund's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 円66,216 Mil.
Nippon Building Fund's current Enterprise Value is 円1,751,801 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Nippon Building Fund's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 was 円-34,709 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 Building Fund Enterprise Value Related Terms
Nippon Building Fund Enterprise Value Historical Data
* Premium members only.
The historical data trend for Nippon Building Fund's Enterprise Value 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.
TSE:8951 vs BXP, ARE, VNO: Enterprise Value Comparison
For the REIT - Office subindustry, Nippon Building Fund's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs REITs Industry
For the REITs industry and Real Estate sector, Nippon Building Fund's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Nippon Building Fund's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Nippon Building Fund's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
What does a Enterprise Value of 円1,751,801 Mil mean?
Nippon Building Fund (TSE:8951) has a Enterprise Value of 円1,751,801 Mil as of Aug. 25, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Nippon Building Fund and its competitors.
Is Nippon Building Fund's Enterprise Value too high?
Nippon Building Fund's current Enterprise Value is 円1,751,801 Mil. Overall, Nippon Building Fund has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nippon Building Fund's Enterprise Value compare to BXP and ARE?
Nippon Building Fund's Enterprise Value of 円1,751,801 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 Enterprise Value for a REITs company?
A good Enterprise Value depends on the REITs industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Nippon Building Fund and its competitors. Nippon Building Fund's current Enterprise Value is 円1,751,801 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?
Based on GuruFocus' analysis, Nippon Building Fund (TSE:8951) is currently considered Fairly Valued. The stock's GF Value™ is 円118,232.06, compared to a current price of 円130,200.00 — trading 10.1% above its estimated fair value. The current Enterprise Value is 円1,751,801 Mil. Nippon Building Fund's overall GF Score™ is 69/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Nippon Building Fund (TSE:8951), the current Enterprise Value is 円1,751,801 Mil as of Aug. 25, 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 Building Fund (TSE:8951) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Building Fund stock appears to be overvalued.
The current stock price of 円130,200.00 is trading 10.1% above its estimated GF Value™ of 円118,232.06.
GuruFocus considers Nippon Building Fund to be Fairly Valued.
Key valuation signals for TSE:8951:
Enterprise Value: 円1,751,801 Mil
GF Value™: 円118,232.06 vs. price of 円130,200.00 (10.1% above fair value)
No single metric tells the full story. See the TSE:8951 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
69GF Score
Get the complete analysis for TSE:8951
Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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