The historical rank and industry rank for Nomura Real Estate Master Fund's PB Ratio or its related term are showing as below:
NMMRF'
s PB Ratio Range Over the Past 10 Years
Min: 0.6 Med: 1.23 Max: 1.8
Current: 1.19
During the past 11 years, Nomura Real Estate Master Fund's highest PB Ratio was 1.80. The lowest was 0.60. And the median was 1.23.
NMMRF's PB Ratio is ranked worse than 77.06% of 933
companies
in the REITs industry
Industry Median: 0.87
vs NMMRF: 1.19
During the past 12 months, Nomura Real Estate Master Fund's average Book Value Per Share Growth Rate was -0.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -0.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -0.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 2.30% per year.
During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of Nomura Real Estate Master Fund was 10.30% per year. The lowest was -0.60% per year. And the median was -0.15% per year.
Back to Basics: PB Ratio
Nomura Real Estate Master Fund (OTCPK:NMMRF) 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.
Nomura Real Estate Master Fund PB Ratio Related Terms
Nomura Real Estate Master Fund PB Ratio 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.
For the REIT - Retail subindustry, Nomura Real Estate Master 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.
Nomura Real Estate Master Fund PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Nomura Real Estate Master Fund's PB Ratio distribution charts can be found below:
* The bar in red indicates where Nomura Real Estate Master Fund's PB Ratio falls into.
Nomura Real Estate Master Fund PB Ratio Calculation
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.
Nomura Real Estate Master Fund (NMMRF) has a PB Ratio of 1.21 as of Jun. 30, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Nomura Real Estate Master Fund and its competitors. This is near median its historical median of 1.23. Over the past decade, Nomura Real Estate Master Fund's PB Ratio has ranged from 0.60 to 1.80. According to the industry distribution chart, Nomura Real Estate Master Fund ranks #719 out of 933 companies in the REITs industry, placing it in the top 77.1%.
Is Nomura Real Estate Master Fund's PB Ratio too high?
Nomura Real Estate Master Fund's current PB Ratio of 1.21 is near median its 10-year median of 1.23. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 1.80. The REITs industry median PB Ratio is 0.87. Nomura Real Estate Master Fund's value of 1.21 is 39.1% above this industry median. Based on the distribution chart, Nomura Real Estate Master Fund ranks #719 out of 933 companies in the REITs industry, which is in the bottom quartile relative to peers. 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 PB Ratio compare to SPG and O?
According to the REITs industry distribution chart, Nomura Real Estate Master Fund ranks #719 out of 933 companies for PB Ratio. This places Nomura Real Estate Master Fund in the lower half of its industry. The industry median PB Ratio is 0.87. Nomura Real Estate Master Fund's value of 1.21 is 39.1% above this benchmark. Historically, Nomura Real Estate Master Fund's own PB Ratio has ranged from 0.60 to 1.80 over the past decade. While the company's 10-year median is 1.23 vs. the industry median of 0.87, 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 PB Ratio for a REITs company?
The median PB Ratio among REITs companies is 0.87, based on 933 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. Nomura Real Estate Master Fund's current PB Ratio of 1.21 is 39.1% 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 Nomura Real Estate Master 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. Nomura Real Estate Master Fund's current PB Ratio is 1.21, which is near median its own 10-year median of 1.23. 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 PB Ratio of 1.21. 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 PB Ratio is 1.21, which is near median its 10-year median of 1.23 and 39.1% above the REITs industry median of 0.87. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Nomura Real Estate Master Fund (NMMRF), the current PB Ratio is 1.21 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:
PB Ratio: 1.21 (near median its 10-year median of 1.23)
GF Value™: $1,050.09 vs. price of $1,008.35 (4% below fair value)
Industry Position: 39.1% above the REITs median (#719 of 933)
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
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
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