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, Daiwa Office Investment's Enterprise Value is 円498,843 Mil.
Daiwa Office Investment's EBIT for the trailing twelve months (TTM) ended in Nov. 2025 was 円16,232 Mil. Therefore, Daiwa Office Investment's EV-to-EBIT ratio for today is 30.73.
*** 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.
Daiwa Office Investment (TSE:8976) 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.
Daiwa Office Investment's current Enterprise Value is 円498,843 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Daiwa Office Investment's EBIT for the trailing twelve months (TTM) ended in Nov. 2025 was 円16,232 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Daiwa Office Investment's EV-to-EBITDA for today is:
Daiwa Office Investment's current Enterprise Value is 円498,843 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Daiwa Office Investment's EBITDA for the trailing twelve months (TTM) ended in Nov. 2025 was 円20,003 Mil.
Daiwa Office Investment's current Enterprise Value is 円498,843 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Daiwa Office Investment's Revenue for the trailing twelve months (TTM) ended in Nov. 2025 was 円31,265 Mil.
Daiwa Office Investment's current Enterprise Value is 円498,843 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Daiwa Office Investment's Cash Flow from Operations for the trailing twelve months (TTM) ended in Nov. 2025 was 円24,318 Mil.
Daiwa Office Investment's current Enterprise Value is 円498,843 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Daiwa Office Investment's Free Cash Flow for the trailing twelve months (TTM) ended in Nov. 2025 was 円21,965 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.
Daiwa Office Investment Enterprise Value Related Terms
Daiwa Office Investment Enterprise Value 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.
TSE:8976 vs BXP, ARE, VNO: Enterprise Value Comparison
For the REIT - Office subindustry, Daiwa Office Investment'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.
Daiwa Office Investment Enterprise Value vs REITs Industry
For the REITs industry and Real Estate sector, Daiwa Office Investment's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Daiwa Office Investment's Enterprise Value falls into.
Daiwa Office Investment Enterprise Value Calculation
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Daiwa Office Investment's Enterprise Value for the fiscal year that ended in Nov. 2024 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498,843 Mil mean?
Daiwa Office Investment (TSE:8976) has a Enterprise Value of 円498,843 Mil as of Jul. 04, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Daiwa Office Investment and its competitors.
Is Daiwa Office Investment's Enterprise Value too high?
Daiwa Office Investment's current Enterprise Value is 円498,843 Mil. Overall, Daiwa Office Investment has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Daiwa Office Investment's Enterprise Value compare to BXP and ARE?
Daiwa Office Investment's Enterprise Value of 円498,843 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 Daiwa Office Investment and its competitors. Daiwa Office Investment's current Enterprise Value is 円498,843 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daiwa Office Investment stock overvalued right now?
Based on GuruFocus' analysis, Daiwa Office Investment (TSE:8976) is currently considered Fairly Valued. The stock's GF Value™ is 円349,173.95, compared to a current price of 円331,500.00 — trading 5.1% below its estimated fair value. The current Enterprise Value is 円498,843 Mil. Daiwa Office Investment's overall GF Score™ is 62/100 with 4 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 Daiwa Office Investment (TSE:8976), the current Enterprise Value is 円498,843 Mil as of Jul. 04, 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 Daiwa Office Investment (TSE:8976) Overvalued in 2026?
Based on GuruFocus' analysis, Daiwa Office Investment stock appears to be undervalued.
The current stock price of 円331,500.00 is trading 5.1% below its estimated GF Value™ of 円349,173.95.
GuruFocus considers Daiwa Office Investment to be Fairly Valued.
Key valuation signals for TSE:8976:
Enterprise Value: 円498,843 Mil
GF Value™: 円349,173.95 vs. price of 円331,500.00 (5.1% below fair value)
No single metric tells the full story. See the TSE:8976 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Daiwa Office Investment Corp is a real estate investment trust focused on acquiring, managing, and leasing office properties located in the Five Central Wards of Tokyo. The vast majority of the company's real estate portfolio is composed of office buildings fairly evenly distributed between Tokyo's Five Central Wards in terms of total value. Daiwa derives nearly all of its income in the form of rental revenue from leasing its properties. The firm has a varied tenant base from a number of industries, including the entertainment, retail, insurance, and food and beverage companies.
62GF Score
Get the complete analysis for TSE:8976
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