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Daiwa Office Investment's earnings per share without non-recurring items for the
six
months ended in Nov. 2025 was 円7,980.08.
Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Nov. 2025 was 円15,297.88.
During the past 12 months, Daiwa Office Investment's average earnings per share (NRI) Growth Rate was 8.80% per year.
During the past 3 years, the average earnings per share (NRI) Growth Rate was -1.40% per year.
During the past 5 years, the average earnings per share (NRI) Growth Rate was 1.20% per year.
During the past 10 years, the average earnings per share (NRI) Growth Rate was 5.60% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.
The historical rank and industry rank for Daiwa Office Investment's EPS without NRI or its related term are showing as below:
TSE:8976'
s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -44.2 Med: 7.65 Max: 25.5
Current: -1.4
During the past 13 years, Daiwa Office Investment's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 25.50% per year. The lowest was -44.20% per year. And the median was 7.65% per year.
TSE:8976's 3-Year EPS without NRI Growth Rate is ranked worse than 54.67% of 675
companies
in the REITs industry
Industry Median: 0.9
vs TSE:8976: -1.40
Daiwa Office Investment (TSE:8976) EPS without NRI Explanation
EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.
Be Aware
Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.
If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.
Daiwa Office Investment EPS without NRI Related Terms
Daiwa Office Investment EPS without NRI 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: EPS without NRI Comparison
For the REIT - Office subindustry, Daiwa Office Investment's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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 PE Ratio without NRI vs REITs Industry
For the REITs industry and Real Estate sector, Daiwa Office Investment's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Daiwa Office Investment's PE Ratio without NRI falls into.
Daiwa Office Investment EPS without NRI Calculation
Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.
Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.
EPS without NRI for the trailing twelve months (TTM) ended in Nov. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円15,297.88
* 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 (TSE:8976) has a EPS without NRI of 円15,297.88 as of Nov. 2025. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Daiwa Office Investment and its competitors. According to the industry distribution chart, Daiwa Office Investment ranks #369 out of 675 companies in the REITs industry, placing it in the top 54.7%.
Is Daiwa Office Investment's EPS without NRI too high?
Daiwa Office Investment's current EPS without NRI is 円15,297.88. Based on the distribution chart, Daiwa Office Investment ranks #369 out of 675 companies in the REITs industry, which is below the industry midpoint. 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 EPS without NRI compare to BXP and ARE?
According to the REITs industry distribution chart, Daiwa Office Investment ranks #369 out of 675 companies for EPS without NRI. This places Daiwa Office Investment in the lower half of its industry. The industry median EPS without NRI is 0.90. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EPS without NRI for a REITs company?
The median EPS without NRI among REITs companies is 0.90, based on 675 companies in the industry. Companies in the top quartile (top 25%) have a EPS without NRI significantly above this median, while those in the bottom quartile fall well below. However, EPS without NRI 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 EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Daiwa Office Investment and its competitors. For the REITs industry, the median EPS without NRI is 0.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daiwa Office Investment's current EPS without NRI is 円15,297.88. 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349,421.06, compared to a current price of 円326,000.00 — trading 6.7% below its estimated fair value. The current EPS without NRI is 円15,297.88. 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 EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For Daiwa Office Investment (TSE:8976), the current EPS without NRI is 円15,297.88 as of Nov. 2025. 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326,000.00 is trading 6.7% below its estimated GF Value™ of 円349,421.06.
GuruFocus considers Daiwa Office Investment to be Fairly Valued.
Key valuation signals for TSE:8976:
EPS without NRI: 円15,297.88
GF Value™: 円349,421.06 vs. price of 円326,000.00 (6.7% 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
EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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