The historical rank and industry rank for Nomura Real Estate Master Fund's Return-on-Tangible-Asset or its related term are showing as below:
NMMRF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.13 Med: 2.34 Max: 2.92
Current: 2.66
During the past 11 years, Nomura Real Estate Master Fund's highest Return-on-Tangible-Asset was 2.92%. The lowest was 2.13%. And the median was 2.34%.
NMMRF's Return-on-Tangible-Asset is ranked worse than 57.66% of 940
companies
in the REITs industry
Industry Median: 3.235
vs NMMRF: 2.66
Nomura Real Estate Master Fund (OTCPK:NMMRF) Return-on-Tangible-Asset Explanation
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.
Nomura Real Estate Master Fund Return-on-Tangible-Asset Related Terms
Nomura Real Estate Master Fund Return-on-Tangible-Asset 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.
Nomura Real Estate Master Fund Return-on-Tangible-Asset Chart
NMMRF vs SPG, O, KIM: Return-on-Tangible-Asset Comparison
For the REIT - Retail subindustry, Nomura Real Estate Master Fund'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.
Nomura Real Estate Master Fund Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Nomura Real Estate Master Fund's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nomura Real Estate Master Fund'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 (Feb. 2026) net income data.
What does a Return-on-Tangible-Asset of 2.35% mean?
Nomura Real Estate Master Fund (NMMRF) has a Return-on-Tangible-Asset of 2.35% as of Feb. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Nomura Real Estate Master Fund and its competitors. This is near median its historical median of 2.34. Over the past decade, Nomura Real Estate Master Fund's Return-on-Tangible-Asset has ranged from 2.13 to 2.92. According to the industry distribution chart, Nomura Real Estate Master Fund ranks #542 out of 940 companies in the REITs industry, placing it in the top 57.7%.
Is Nomura Real Estate Master Fund's Return-on-Tangible-Asset too high?
Nomura Real Estate Master Fund's current Return-on-Tangible-Asset of 2.35% is near median its 10-year median of 2.34. Over the past 10 years, this metric has ranged from a low of 2.13 to a high of 2.92. The REITs industry median Return-on-Tangible-Asset is 3.24. Nomura Real Estate Master Fund's value of 2.35% is 27.4% below this industry median. Based on the distribution chart, Nomura Real Estate Master Fund ranks #542 out of 940 companies in the REITs industry, which is below the industry midpoint. 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 Return-on-Tangible-Asset compare to SPG and O?
According to the REITs industry distribution chart, Nomura Real Estate Master Fund ranks #542 out of 940 companies for Return-on-Tangible-Asset. This places Nomura Real Estate Master Fund in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.24. Nomura Real Estate Master Fund's value of 2.35% is 27.4% below this benchmark. Historically, Nomura Real Estate Master Fund's own Return-on-Tangible-Asset has ranged from 2.13 to 2.92 over the past decade. While the company's 10-year median is 2.34 vs. the industry median of 3.24, Nomura Real Estate Master 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 Return-on-Tangible-Asset for a REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.24, based on 940 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. Nomura Real Estate Master Fund's current Return-on-Tangible-Asset of 2.35% is 27.4% 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 Nomura Real Estate Master Fund and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nomura Real Estate Master Fund's current Return-on-Tangible-Asset is 2.35%, which is near median its own 10-year median of 2.34. 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 Return-on-Tangible-Asset of 2.35%. The stock's GF Value™ is $1,049.59, compared to a current price of $1,008.35 — trading 3.9% below its estimated fair value. The current Return-on-Tangible-Asset is 2.35%, which is near median its 10-year median of 2.34 and 27.4% below the REITs industry median of 3.24. 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 Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Nomura Real Estate Master Fund (NMMRF), the current Return-on-Tangible-Asset is 2.35% as of Feb. 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 3.9% below its estimated GF Value™ of $1,049.59.
Key valuation signals for NMMRF:
Return-on-Tangible-Asset: 2.35% (near median its 10-year median of 2.34)
GF Value™: $1,049.59 vs. price of $1,008.35 (3.9% below fair value)
Industry Position: 27.4% below the REITs median (#542 of 940)
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
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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