Nippon Building FundNBFJF 56 PB Ratio is 1.56 as of Jul. 07, 2026, which is 4% below its 10-year median of 1.62. GuruFocus rates NBFJF with a GF Score™ of 56/100 and a GF Value™ of $714.82. The stock has 7 warning signs investors should review. Among 931 REITs companies, Nippon Building Fund ranks worse than 85.18% on this metric.
The historical rank and industry rank for Nippon Building Fund's PB Ratio or its related term are showing as below:
NBFJF'
s PB Ratio Range Over the Past 10 Years
Min: 1.3 Med: 1.62 Max: 2.31
Current: 1.52
During the past 13 years, Nippon Building Fund's highest PB Ratio was 2.31. The lowest was 1.30. And the median was 1.62.
NBFJF's PB Ratio is ranked worse than 85.18% of 931
companies
in the REITs industry
Industry Median: 0.87
vs NBFJF: 1.52
During the past 12 months, Nippon Building Fund's average Book Value Per Share Growth Rate was 0.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 0.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 1.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Nippon Building Fund was 2.70% per year. The lowest was -0.20% per year. And the median was 0.95% per year.
Back to Basics: PB Ratio
Nippon Building Fund (OTCPK:NBFJF) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Nippon Building Fund PB Ratio Related Terms
Nippon Building Fund PB Ratio Historical Data
* Premium members only.
The historical data trend for Nippon Building Fund's PB Ratio 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.
For the REIT - Office subindustry, Nippon Building Fund's PB Ratio, along with its competitors' market caps and PB Ratio 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 Building Fund PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Nippon Building Fund's PB Ratio distribution charts can be found below:
* The bar in red indicates where Nippon Building Fund's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Nippon Building Fund (NBFJF) has a PB Ratio of 1.56 as of Jul. 07, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Nippon Building Fund and its competitors. This is near median its historical median of 1.62. Over the past decade, Nippon Building Fund's PB Ratio has ranged from 1.30 to 2.31. According to the industry distribution chart, Nippon Building Fund ranks #793 out of 931 companies in the REITs industry, placing it in the top 85.2%.
Is Nippon Building Fund's PB Ratio too high?
Nippon Building Fund's current PB Ratio of 1.56 is near median its 10-year median of 1.62. Over the past 10 years, this metric has ranged from a low of 1.30 to a high of 2.31. The REITs industry median PB Ratio is 0.87. Nippon Building Fund's value of 1.56 is 79.3% above this industry median. Based on the distribution chart, Nippon Building Fund ranks #793 out of 931 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Nippon Building Fund has a GF Score™ of 56/100, reflecting its overall financial health beyond just this single metric.
How does Nippon Building Fund's PB Ratio compare to BXP and ARE?
According to the REITs industry distribution chart, Nippon Building Fund ranks #793 out of 931 companies for PB Ratio. This places Nippon Building Fund in the lower half of its industry. The industry median PB Ratio is 0.87. Nippon Building Fund's value of 1.56 is 79.3% above this benchmark. Historically, Nippon Building Fund's own PB Ratio has ranged from 1.30 to 2.31 over the past decade. While the company's 10-year median is 1.62 vs. the industry median of 0.87, Nippon Building 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 PB Ratio for a REITs company?
The median PB Ratio among REITs companies is 0.87, based on 931 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nippon Building Fund's current PB Ratio of 1.56 is 79.3% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Nippon Building Fund and its competitors. For the REITs industry, the median PB Ratio is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Building Fund's current PB Ratio is 1.56, which is near median its own 10-year median of 1.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Building Fund stock overvalued right now?
Nippon Building Fund (NBFJF) has a current PB Ratio of 1.56. The stock's GF Value™ is $714.82, compared to a current price of $842.92 — trading 17.9% above its estimated fair value. The current PB Ratio is 1.56, which is near median its 10-year median of 1.62 and 79.3% above the REITs industry median of 0.87. Nippon Building Fund's overall GF Score™ is 56/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Nippon Building Fund (NBFJF), the current PB Ratio is 1.56 as of Jul. 07, 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 Building Fund (NBFJF) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Building Fund stock appears to be overvalued.
The current stock price of $842.92 is trading 17.9% above its estimated GF Value™ of $714.82.
Key valuation signals for NBFJF:
PB Ratio: 1.56 (near median its 10-year median of 1.62)
GF Value™: $714.82 vs. price of $842.92 (17.9% above fair value)
Industry Position: 79.3% above the REITs median (#793 of 931)
No single metric tells the full story. See the NBFJF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Building Fund Inc is a Japanese real estate investment trust engaged in the acquisition, ownership, and leasing of properties in the Greater Tokyo area. The company's real estate portfolio comprises of large corporate office buildings. The majority of these are located in the five wards of Tokyo's central business district. Office space located throughout the rest of Tokyo also makes up a substantial percentage of Nippon Building Fund's assets. The company derives the majority of its income in the form of rental revenue from tenants. Nippon Building Fund's customers are firms from the service, electrical equipment, and information and communications industries in terms of square footage used.
56GF Score
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