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EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, NIPPON REIT Investment's Enterprise Value is 円271,575 Mil.
NIPPON REIT Investment's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 was 円-2,473 Mil. Therefore, NIPPON REIT Investment's EV-to-FCF for today is -109.83.
The historical rank and industry rank for NIPPON REIT Investment's EV-to-FCF or its related term are showing as below:
TSE:3296'
s EV-to-FCF Range Over the Past 10 Years
Min: -9.37 Med: 37.52 Max: 87.16
Current: 35.34
During the past 13 years, the highest EV-to-FCF of NIPPON REIT Investment was 87.16. The lowest was -9.37. And the median was 37.52.
TSE:3296's EV-to-FCF is ranked worse than 73.67% of 733
companies
in the REITs industry
Industry Median: 22.43
vs TSE:3296: 35.34
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.
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.
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. 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.
* 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-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.
NIPPON REIT Investment EV-to-FCF vs REITs Industry
For the REITs industry and Real Estate sector, NIPPON REIT Investment's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where NIPPON REIT Investment's EV-to-FCF 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 Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 was 円-2,473 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-FCF of -109.83 as of Sep. 19, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on NIPPON REIT Investment and its competitors. According to the industry distribution chart, NIPPON REIT Investment ranks #540 out of 733 companies in the REITs industry, placing it in the top 73.7%.
Is NIPPON REIT Investment's EV-to-FCF too high?
NIPPON REIT Investment's current EV-to-FCF is -109.83. Based on the distribution chart, NIPPON REIT Investment ranks #540 out of 733 companies in the REITs industry, which is below the industry midpoint. Overall, NIPPON REIT Investment has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NIPPON REIT Investment's EV-to-FCF compare to BXP and ARE?
According to the REITs industry distribution chart, NIPPON REIT Investment ranks #540 out of 733 companies for EV-to-FCF. This places NIPPON REIT Investment in the lower half of its industry. The industry median EV-to-FCF is 22.43. 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 22.43, based on 733 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. 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 NIPPON REIT Investment and its competitors. For the REITs industry, the median EV-to-FCF is 22.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NIPPON REIT Investment's current EV-to-FCF is -109.83. 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 Modestly Undervalued. The stock's GF Value™ is 円97,871.47, compared to a current price of 円80,700.00 — trading 17.5% below its estimated fair value. The current EV-to-FCF is -109.83. 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For NIPPON REIT Investment (TSE:3296), the current EV-to-FCF is -109.83 as of Sep. 19, 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 17.5% below its estimated GF Value™ of 円97,871.47.
GuruFocus considers NIPPON REIT Investment to be Modestly Undervalued.
Key valuation signals for TSE:3296:
EV-to-FCF: -109.83
GF Value™: 円97,871.47 vs. price of 円80,700.00 (17.5% below fair value)
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-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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