Daiwa House REIT Investment (TSE:8984) EV-to-FCF: 28.77 (As of Jul. 25, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:8984 Daiwa House REIT Investment Corp TSE:8984
64 GF Score
Price 円124,100.00
GF Value 円127,738.30
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Daiwa House REIT Investment EV-to-FCF?

Daiwa House REIT Investment TSE:8984 +0.49% 64 EV-to-FCF is 28.77 as of Jul. 25, 2026. GuruFocus rates TSE:8984 with a GF Score™ of 64/100 and a GF Value™ of 円127,738.30 (Fairly Valued). The stock has 4 warning signs investors should review. Among 736 REITs companies, Daiwa House REIT Investment ranks worse than 60.46% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Daiwa House REIT Investment's Enterprise Value is 円950,120 Mil. Daiwa House REIT Investment's Free Cash Flow for the trailing twelve months (TTM) ended in Feb. 2026 was 円33,030 Mil. Therefore, Daiwa House REIT Investment's EV-to-FCF for today is 28.77.

The historical rank and industry rank for Daiwa House REIT Investment's EV-to-FCF or its related term are showing as below:

TSE:8984' s EV-to-FCF Range Over the Past 10 Years
Min: -30.56   Med: -9.44   Max: 125.11
Current: 28.57

During the past 13 years, the highest EV-to-FCF of Daiwa House REIT Investment was 125.11. The lowest was -30.56. And the median was -9.44.

TSE:8984's EV-to-FCF is ranked worse than
60.46% of 736 companies
in the REITs industry
Industry Median: 23.25 vs TSE:8984: 28.57

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 (2026-07-25), Daiwa House REIT Investment's stock price is 円124100.00. Daiwa House REIT Investment's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Feb. 2026 was 円5948.929. Therefore, Daiwa House REIT Investment's PE Ratio (TTM) for today is 20.86.


Daiwa House REIT Investment  (TSE:8984) 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.

Daiwa House REIT Investment's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=124100.00/5948.929
=20.86

Daiwa House REIT Investment's share price for today is 円124100.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Daiwa House REIT Investment's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Feb. 2026 was 円5948.929.

* 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.


Daiwa House REIT Investment EV-to-FCF Related Terms


Daiwa House REIT Investment EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Daiwa House REIT Investment'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.

Daiwa House REIT Investment EV-to-FCF Chart

Daiwa House REIT Investment Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.63 -30.47 32.59 117.73 20.40

Daiwa House REIT Investment 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 0.00 117.73 0.00 20.40 0.00

TSE:8984 vs VICI, WPC: EV-to-FCF Comparison

For the REIT - Diversified subindustry, Daiwa House 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.


Daiwa House REIT Investment EV-to-FCF vs REITs Industry

For the REITs industry and Real Estate sector, Daiwa House REIT Investment's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Daiwa House REIT Investment's EV-to-FCF falls into.


TSE:8984
64GF Score
Daiwa House REIT Investment Corp TSE:8984
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Daiwa House REIT Investment EV-to-FCF Calculation

Daiwa House REIT Investment's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=950119.832/33029.588
=28.77

Daiwa House REIT Investment's current Enterprise Value is 円950,120 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Daiwa House REIT Investment's Free Cash Flow for the trailing twelve months (TTM) ended in Feb. 2026 was 円33,030 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 28.77 mean?
Daiwa House REIT Investment (TSE:8984) has a EV-to-FCF of 28.77 as of Jul. 25, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Daiwa House REIT Investment and its competitors. According to the industry distribution chart, Daiwa House REIT Investment ranks #445 out of 736 companies in the REITs industry, placing it in the top 60.5%.
Is Daiwa House REIT Investment's EV-to-FCF too high?
Daiwa House REIT Investment's current EV-to-FCF is 28.77. The REITs industry median EV-to-FCF is 23.25. Daiwa House REIT Investment's value of 28.77 is 23.7% above this industry median. Based on the distribution chart, Daiwa House REIT Investment ranks #445 out of 736 companies in the REITs industry, which is below the industry midpoint. Overall, Daiwa House REIT Investment has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Daiwa House REIT Investment's EV-to-FCF compare to VICI and WPC?
According to the REITs industry distribution chart, Daiwa House REIT Investment ranks #445 out of 736 companies for EV-to-FCF. This places Daiwa House REIT Investment in the lower half of its industry. The industry median EV-to-FCF is 23.25. Daiwa House REIT Investment's value of 28.77 is 23.7% above this benchmark. 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 23.25, based on 736 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. Daiwa House REIT Investment's current EV-to-FCF of 28.77 is 23.7% 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 Daiwa House REIT Investment and its competitors. For the REITs industry, the median EV-to-FCF is 23.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daiwa House REIT Investment's current EV-to-FCF is 28.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daiwa House REIT Investment stock overvalued right now?
Based on GuruFocus' analysis, Daiwa House REIT Investment (TSE:8984) is currently considered Fairly Valued. The stock's GF Value™ is 円127,738.30, compared to a current price of 円124,100.00 — trading 2.8% below its estimated fair value. The current EV-to-FCF is 28.77 and 23.7% above the REITs industry median of 23.25. Daiwa House REIT Investment's overall GF Score™ is 64/100 with 4 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 Daiwa House REIT Investment (TSE:8984), the current EV-to-FCF is 28.77 as of Jul. 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 Daiwa House REIT Investment (TSE:8984) Overvalued in 2026?

Based on GuruFocus' analysis, Daiwa House REIT Investment stock appears to be undervalued. The current stock price of 円124,100.00 is trading 2.8% below its estimated GF Value™ of 円127,738.30. GuruFocus considers Daiwa House REIT Investment to be Fairly Valued.

Key valuation signals for TSE:8984:

  • EV-to-FCF: 28.77
  • GF Value™: 円127,738.30 vs. price of 円124,100.00 (2.8% below fair value)
  • GF Score™: 64/100 with 4 warning signs
  • Industry Position: 23.7% above the REITs median (#445 of 736)

No single metric tells the full story. See the TSE:8984 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Daiwa House REIT Investment Business Description

Industry Real EstateREITs
Address 2-4-8, Nagatacho, Chiyoda-ku, Tokyo, JPN, 100-0014
Daiwa House REIT Investment Corp is a diversified real estate investment trust which invests in real estate properties. Its core assets are logistics properties, residential properties, retail properties, and hotels. It invests mainly in three metropolitan areas the greater Tokyo area, the greater Nagoya area, and the greater Osaka area. The firm's portfolio consists of assets with various risk-return profiles. It generates revenue from rental activity on a straight-line accrual basis over the life of each lease contract. The company operates only in Japan.
64GF Score

Get the complete analysis for TSE:8984

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

円124,100.00
Price
円127,738.30
GF Value