Daiwa Office InvestmentDAFVF 62 Return-on-Tangible-Asset is 2.97% as of Nov. 2025, which is 10% above its 10-year median of 2.71. GuruFocus rates DAFVF with a GF Score™ of 62/100 and a GF Value™ of $1,579.97. The stock has 4 warning signs investors should review. Among 938 REITs companies, Daiwa Office Investment ranks worse than 54.8% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Daiwa Office Investment's annualizedNet Income for the quarter that ended in Nov. 2025 was $96.6 Mil. Daiwa Office Investment's average total tangible assets for the quarter that ended in Nov. 2025 was $3,253.0 Mil. Therefore, Daiwa Office Investment's annualized Return-on-Tangible-Asset for the quarter that ended in Nov. 2025 was 2.97%.
The historical rank and industry rank for Daiwa Office Investment's Return-on-Tangible-Asset or its related term are showing as below:
DAFVF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.04 Med: 2.71 Max: 2.97
Current: 2.96
During the past 13 years, Daiwa Office Investment's highest Return-on-Tangible-Asset was 2.97%. The lowest was 2.04%. And the median was 2.71%.
DAFVF's Return-on-Tangible-Asset is ranked worse than 54.8% of 938
companies
in the REITs industry
Industry Median: 3.265
vs DAFVF: 2.96
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Daiwa Office Investment Return-on-Tangible-Asset Related Terms
Daiwa Office Investment Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Daiwa Office Investment's Return-on-Tangible-Asset 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.
DAFVF vs BXP, ARE, VNO: Return-on-Tangible-Asset Comparison
For the REIT - Office subindustry, Daiwa Office Investment's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Office Investment Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Daiwa Office Investment's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Daiwa Office Investment's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Nov. 2025) net income data.
What does a Return-on-Tangible-Asset of 2.97% mean?
Daiwa Office Investment (DAFVF) has a Return-on-Tangible-Asset of 2.97% as of Nov. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Daiwa Office Investment and its competitors. This is 10% above median its historical median of 2.71. Over the past decade, Daiwa Office Investment's Return-on-Tangible-Asset has ranged from 2.04 to 2.97. According to the industry distribution chart, Daiwa Office Investment ranks #514 out of 938 companies in the REITs industry, placing it in the top 54.8%.
Is Daiwa Office Investment's Return-on-Tangible-Asset too high?
Daiwa Office Investment's current Return-on-Tangible-Asset of 2.97% is 10% above median its 10-year median of 2.71. Over the past 10 years, this metric has ranged from a low of 2.04 to a high of 2.97. The REITs industry median Return-on-Tangible-Asset is 3.27. Daiwa Office Investment's value of 2.97% is 9% below this industry median. Based on the distribution chart, Daiwa Office Investment ranks #514 out of 938 companies in the REITs industry, which is below the industry midpoint. Overall, Daiwa Office Investment has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does Daiwa Office Investment's Return-on-Tangible-Asset compare to BXP and ARE?
According to the REITs industry distribution chart, Daiwa Office Investment ranks #514 out of 938 companies for Return-on-Tangible-Asset. This places Daiwa Office Investment in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.27. Daiwa Office Investment's value of 2.97% is 9% below this benchmark. Historically, Daiwa Office Investment's own Return-on-Tangible-Asset has ranged from 2.04 to 2.97 over the past decade. While the company's 10-year median is 2.71 vs. the industry median of 3.27, Daiwa Office Investment 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 Return-on-Tangible-Asset for a REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.27, based on 938 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Daiwa Office Investment's current Return-on-Tangible-Asset of 2.97% is 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Daiwa Office Investment and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daiwa Office Investment's current Return-on-Tangible-Asset is 2.97%, which is 10% above median its own 10-year median of 2.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daiwa Office Investment stock overvalued right now?
Daiwa Office Investment (DAFVF) has a current Return-on-Tangible-Asset of 2.97%. The stock's GF Value™ is $1,579.97, compared to a current price of $1,500.00 — trading 5.1% below its estimated fair value. The current Return-on-Tangible-Asset is 2.97%, which is 10% above median its 10-year median of 2.71 and 9% below the REITs industry median of 3.27. Daiwa Office Investment's overall GF Score™ is 62/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Daiwa Office Investment (DAFVF), the current Return-on-Tangible-Asset is 2.97% as of Nov. 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 Daiwa Office Investment (DAFVF) Overvalued in 2026?
Based on GuruFocus' analysis, Daiwa Office Investment stock appears to be undervalued.
The current stock price of $1,500.00 is trading 5.1% below its estimated GF Value™ of $1,579.97.
Key valuation signals for DAFVF:
Return-on-Tangible-Asset: 2.97% (10% above median its 10-year median of 2.71)
GF Value™: $1,579.97 vs. price of $1,500.00 (5.1% below fair value)
Industry Position: 9% below the REITs median (#514 of 938)
No single metric tells the full story. See the DAFVF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Daiwa Office Investment Corp is a real estate investment trust focused on acquiring, managing, and leasing office properties located in the Five Central Wards of Tokyo. The vast majority of the company's real estate portfolio is composed of office buildings fairly evenly distributed between Tokyo's Five Central Wards in terms of total value. Daiwa derives nearly all of its income in the form of rental revenue from leasing its properties. The firm has a varied tenant base from a number of industries, including the entertainment, retail, insurance, and food and beverage companies.
62GF Score
Get the complete analysis for DAFVF
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
DAFVF has been successfully added to your 
