Nippon Building FundNBFJF 56 Pretax Margin % is 39.76% as of Dec. 2025, which is 3% below its 10-year median of 40.99. 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 929 REITs companies, Nippon Building Fund ranks worse than 54.9% on this metric.
The historical rank and industry rank for Nippon Building Fund's Pretax Margin % or its related term are showing as below:
NBFJF'
s Pretax Margin % Range Over the Past 10 Years
Min: 35.39 Med: 40.99 Max: 45.92
Current: 42.95
NBFJF's Pretax Margin % is ranked worse than 54.9% of 929
companies
in the REITs industry
Industry Median: 46.7
vs NBFJF: 42.95
Nippon Building Fund (OTCPK:NBFJF) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Nippon Building Fund Pretax Margin % Related Terms
Nippon Building Fund Pretax Margin % Historical Data
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The historical data trend for Nippon Building Fund's Pretax Margin % 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.
NBFJF vs BXP, ARE, VNO: Pretax Margin % Comparison
For the REIT - Office subindustry, Nippon Building Fund's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Nippon Building Fund's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Nippon Building Fund's Pretax Margin % falls into.
* 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 Building Fund (NBFJF) has a Pretax Margin % of 39.76% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Nippon Building Fund and its competitors. This is near median its historical median of 40.99. Over the past decade, Nippon Building Fund's Pretax Margin % has ranged from 35.39 to 45.92. According to the industry distribution chart, Nippon Building Fund ranks #510 out of 929 companies in the REITs industry, placing it in the top 54.9%.
Is Nippon Building Fund's Pretax Margin % too high?
Nippon Building Fund's current Pretax Margin % of 39.76% is near median its 10-year median of 40.99. Over the past 10 years, this metric has ranged from a low of 35.39 to a high of 45.92. The REITs industry median Pretax Margin % is 46.70. Nippon Building Fund's value of 39.76% is 14.9% below this industry median. Based on the distribution chart, Nippon Building Fund ranks #510 out of 929 companies in the REITs industry, which is below the industry midpoint. 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 Pretax Margin % compare to BXP and ARE?
According to the REITs industry distribution chart, Nippon Building Fund ranks #510 out of 929 companies for Pretax Margin %. This places Nippon Building Fund in the lower half of its industry. The industry median Pretax Margin % is 46.70. Nippon Building Fund's value of 39.76% is 14.9% below this benchmark. Historically, Nippon Building Fund's own Pretax Margin % has ranged from 35.39 to 45.92 over the past decade. While the company's 10-year median is 40.99 vs. the industry median of 46.70, Nippon Building Fund has consistently been below 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 Pretax Margin % for a REITs company?
The median Pretax Margin % among REITs companies is 46.70, based on 929 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nippon Building Fund's current Pretax Margin % of 39.76% is 14.9% below 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Nippon Building Fund and its competitors. For the REITs industry, the median Pretax Margin % is 46.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Building Fund's current Pretax Margin % is 39.76%, which is near median its own 10-year median of 40.99. 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 Pretax Margin % of 39.76%. 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 Pretax Margin % is 39.76%, which is near median its 10-year median of 40.99 and 14.9% below the REITs industry median of 46.70. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Nippon Building Fund (NBFJF), the current Pretax Margin % is 39.76% as of Dec. 2025. 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:
Pretax Margin %: 39.76% (near median its 10-year median of 40.99)
GF Value™: $714.82 vs. price of $842.92 (17.9% above fair value)
Industry Position: 14.9% below the REITs median (#510 of 929)
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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