Daiwa Office InvestmentDAFVF 62 Return-on-Tangible-Equity is 6.01% as of Nov. 2025, which is 14% above its 10-year median of 5.26. 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 933 REITs companies, Daiwa Office Investment ranks worse than 52.84% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Daiwa Office Investment's annualized net income for the quarter that ended in Nov. 2025 was $96.6 Mil. Daiwa Office Investment's average shareholder tangible equity for the quarter that ended in Nov. 2025 was $1,606.9 Mil. Therefore, Daiwa Office Investment's annualized Return-on-Tangible-Equity for the quarter that ended in Nov. 2025 was 6.01%.
The historical rank and industry rank for Daiwa Office Investment's Return-on-Tangible-Equity or its related term are showing as below:
DAFVF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.75 Med: 5.26 Max: 5.99
Current: 5.99
During the past 13 years, Daiwa Office Investment's highest Return-on-Tangible-Equity was 5.99%. The lowest was 3.75%. And the median was 5.26%.
DAFVF's Return-on-Tangible-Equity is ranked worse than 52.84% of 933
companies
in the REITs industry
Industry Median: 6.26
vs DAFVF: 5.99
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Daiwa Office Investment Return-on-Tangible-Equity Related Terms
Daiwa Office Investment Return-on-Tangible-Equity Historical Data
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The historical data trend for Daiwa Office Investment's Return-on-Tangible-Equity 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-Equity Comparison
For the REIT - Office subindustry, Daiwa Office Investment's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Daiwa Office Investment's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Daiwa Office Investment's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 6.01% mean?
Daiwa Office Investment (DAFVF) has a Return-on-Tangible-Equity of 6.01% as of Nov. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Daiwa Office Investment and its competitors. This is 14% above median its historical median of 5.26. Over the past decade, Daiwa Office Investment's Return-on-Tangible-Equity has ranged from 3.75 to 5.99. According to the industry distribution chart, Daiwa Office Investment ranks #493 out of 933 companies in the REITs industry, placing it in the top 52.8%.
Is Daiwa Office Investment's Return-on-Tangible-Equity too high?
Daiwa Office Investment's current Return-on-Tangible-Equity of 6.01% is 14% above median its 10-year median of 5.26. Over the past 10 years, this metric has ranged from a low of 3.75 to a high of 5.99. The REITs industry median Return-on-Tangible-Equity is 6.26. Daiwa Office Investment's value of 6.01% is 4% below this industry median. Based on the distribution chart, Daiwa Office Investment ranks #493 out of 933 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-Equity compare to BXP and ARE?
According to the REITs industry distribution chart, Daiwa Office Investment ranks #493 out of 933 companies for Return-on-Tangible-Equity. This places Daiwa Office Investment in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.26. Daiwa Office Investment's value of 6.01% is 4% below this benchmark. Historically, Daiwa Office Investment's own Return-on-Tangible-Equity has ranged from 3.75 to 5.99 over the past decade. While the company's 10-year median is 5.26 vs. the industry median of 6.26, 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-Equity for a REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.26, based on 933 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity 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-Equity of 6.01% is 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Daiwa Office Investment and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.26 — 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-Equity is 6.01%, which is 14% above median its own 10-year median of 5.26. 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-Equity of 6.01%. 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-Equity is 6.01%, which is 14% above median its 10-year median of 5.26 and 4% below the REITs industry median of 6.26. 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Daiwa Office Investment (DAFVF), the current Return-on-Tangible-Equity is 6.01% 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-Equity: 6.01% (14% above median its 10-year median of 5.26)
GF Value™: $1,579.97 vs. price of $1,500.00 (5.1% below fair value)
Industry Position: 4% below the REITs median (#493 of 933)
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
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