NMMRF (Nomura Real Estate Master Fund) EV-to-FCF: 27.40 (As of Jun. 30, 2026) — 25% Below Median


NMMRF Nomura Real Estate Master Fund Inc NMMRF
57 GF Score
Price $1,008.35
GF Value $1,050.09
! 5 Warning Signs
View Full Analysis

What is Nomura Real Estate Master Fund EV-to-FCF?

Nomura Real Estate Master Fund NMMRF 57 EV-to-FCF is 27.40 as of Jun. 30, 2026, which is 25% below its 10-year median of 36.40. GuruFocus rates NMMRF with a GF Score™ of 57/100 and a GF Value™ of $1,050.09. The stock has 5 warning signs investors should review. Among 741 REITs companies, Nomura Real Estate Master Fund ranks worse than 62.21% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Nomura Real Estate Master Fund's Enterprise Value is $7,369.5 Mil. Nomura Real Estate Master Fund's Free Cash Flow for the trailing twelve months (TTM) ended in Feb. 2026 was $269.0 Mil. Therefore, Nomura Real Estate Master Fund's EV-to-FCF for today is 27.40.

The historical rank and industry rank for Nomura Real Estate Master Fund's EV-to-FCF or its related term are showing as below:

NMMRF' s EV-to-FCF Range Over the Past 10 Years
Min: -227.85   Med: 36.4   Max: 1624.3
Current: 29.28

During the past 11 years, the highest EV-to-FCF of Nomura Real Estate Master Fund was 1624.30. The lowest was -227.85. And the median was 36.40.

NMMRF's EV-to-FCF is ranked worse than
62.21% of 741 companies
in the REITs industry
Industry Median: 22.96 vs NMMRF: 29.28

EV-to-FCF 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.

As of today (2026-06-30), Nomura Real Estate Master Fund's stock price is $1008.35. Nomura Real Estate Master Fund's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Feb. 2026 was $42.033. Therefore, Nomura Real Estate Master Fund's PE Ratio (TTM) for today is 23.99.


Nomura Real Estate Master Fund  (OTCPK:NMMRF) EV-to-FCF Explanation

EV-to-FCF 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:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=1008.35/42.033
=23.99

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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Nomura Real Estate Master Fund EV-to-FCF Related Terms


Nomura Real Estate Master Fund EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Nomura Real Estate Master Fund's EV-to-FCF 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.

Nomura Real Estate Master Fund EV-to-FCF Chart

Nomura Real Estate Master Fund Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only -191.63 65.55 103.86 38.60 34.19

Nomura Real Estate Master Fund Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
EV-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 34.19 0.00 30.70 0.00

NMMRF vs SPG, O, KIM: EV-to-FCF Comparison

For the REIT - Retail subindustry, Nomura Real Estate Master Fund's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs REITs Industry

For the REITs industry and Real Estate sector, Nomura Real Estate Master Fund's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Nomura Real Estate Master Fund's EV-to-FCF falls into.


NMMRF
57GF Score
Nomura Real Estate Master Fund Inc NMMRF
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nomura Real Estate Master Fund EV-to-FCF Calculation

Nomura Real Estate Master Fund's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=7369.481/268.994
=27.40

Nomura Real Estate Master Fund's current Enterprise Value is $7,369.5 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Nomura Real Estate Master Fund's Free Cash Flow for the trailing twelve months (TTM) ended in Feb. 2026 was $269.0 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.

Frequently Asked Questions Learn more about EV-to-FCF →
What does a EV-to-FCF of 27.40 mean?
Nomura Real Estate Master Fund (NMMRF) has a EV-to-FCF of 27.40 as of Jun. 30, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Nomura Real Estate Master Fund and its competitors. This is 25% below median its historical median of 36.40. According to the industry distribution chart, Nomura Real Estate Master Fund ranks #461 out of 741 companies in the REITs industry, placing it in the top 62.2%.
Is Nomura Real Estate Master Fund's EV-to-FCF too high?
Nomura Real Estate Master Fund's current EV-to-FCF of 27.40 is 25% below median its 10-year median of 36.40. The REITs industry median EV-to-FCF is 22.96. Nomura Real Estate Master Fund's value of 27.40 is 19.3% above this industry median. Based on the distribution chart, Nomura Real Estate Master Fund ranks #461 out of 741 companies in the REITs industry, which is below the industry midpoint. Overall, Nomura Real Estate Master Fund has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does Nomura Real Estate Master Fund's EV-to-FCF compare to SPG and O?
According to the REITs industry distribution chart, Nomura Real Estate Master Fund ranks #461 out of 741 companies for EV-to-FCF. This places Nomura Real Estate Master Fund in the lower half of its industry. The industry median EV-to-FCF is 22.96. Nomura Real Estate Master Fund's value of 27.40 is 19.3% above this benchmark. While the company's 10-year median is 36.40 vs. the industry median of 22.96, Nomura Real Estate Master Fund has consistently been above 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-FCF for a REITs company?
The median EV-to-FCF among REITs companies is 22.96, based on 741 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF 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-FCF of 27.40 is 19.3% above 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Nomura Real Estate Master Fund and its competitors. For the REITs industry, the median EV-to-FCF is 22.96 — 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-FCF is 27.40, which is 25% below median its own 10-year median of 36.40. 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-FCF of 27.40. The stock's GF Value™ is $1,050.09, compared to a current price of $1,008.35 — trading 4% below its estimated fair value. The current EV-to-FCF is 27.40, which is 25% below median its 10-year median of 36.40 and 19.3% above the REITs industry median of 22.96. Nomura Real Estate Master Fund's overall GF Score™ is 57/100 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Nomura Real Estate Master Fund (NMMRF), the current EV-to-FCF is 27.40 as of Jun. 30, 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 4% below its estimated GF Value™ of $1,050.09.

Key valuation signals for NMMRF:

  • EV-to-FCF: 27.40 (25% below median its 10-year median of 36.40)
  • GF Value™: $1,050.09 vs. price of $1,008.35 (4% below fair value)
  • GF Score™: 57/100 with 5 warning signs
  • Industry Position: 19.3% above the REITs median (#461 of 741)

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 Business Description

Industry Real EstateREITs
Other Exchanges 3462:Japan
Address 1-13-1 Nihonbashi, Chuo-ku, Tokyo, JPN, 103-8645
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.
57GF Score

Get the complete analysis for NMMRF

EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1,008.35
Price
$1,050.09
GF Value