Nippon Building FundNBFJF 56 Return-on-Tangible-Equity is 5.29% as of Dec. 2025, which is 11% below its 10-year median of 5.96. GuruFocus rates NBFJF with a GF Score™ of 56/100 and a GF Value™ of $702.03. The stock has 7 warning signs investors should review. Among 934 REITs companies, Nippon Building Fund ranks worse than 50.75% 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. Nippon Building Fund's annualized net income for the quarter that ended in Dec. 2025 was $247.6 Mil. Nippon Building Fund's average shareholder tangible equity for the quarter that ended in Dec. 2025 was $4,680.2 Mil. Therefore, Nippon Building Fund's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 5.29%.
The historical rank and industry rank for Nippon Building Fund's Return-on-Tangible-Equity or its related term are showing as below:
NBFJF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.07 Med: 5.96 Max: 7
Current: 6.18
During the past 13 years, Nippon Building Fund's highest Return-on-Tangible-Equity was 7.00%. The lowest was 5.07%. And the median was 5.96%.
NBFJF's Return-on-Tangible-Equity is ranked worse than 50.75% of 934
companies
in the REITs industry
Industry Median: 6.225
vs NBFJF: 6.18
Nippon Building Fund (OTCPK:NBFJF) Return-on-Tangible-Equity Explanation
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.
Nippon Building Fund Return-on-Tangible-Equity Related Terms
Nippon Building Fund Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Nippon Building Fund'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.
Nippon Building Fund Return-on-Tangible-Equity Chart
NBFJF vs BXP, ARE, VNO: Return-on-Tangible-Equity Comparison
For the REIT - Office subindustry, Nippon Building Fund'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.
Nippon Building Fund Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Nippon Building Fund's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nippon Building Fund'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 (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 5.29% mean?
Nippon Building Fund (NBFJF) has a Return-on-Tangible-Equity of 5.29% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Nippon Building Fund and its competitors. This is 11% below median its historical median of 5.96. Over the past decade, Nippon Building Fund's Return-on-Tangible-Equity has ranged from 5.07 to 7.00. According to the industry distribution chart, Nippon Building Fund ranks #474 out of 934 companies in the REITs industry, placing it in the top 50.7%.
Is Nippon Building Fund's Return-on-Tangible-Equity too high?
Nippon Building Fund's current Return-on-Tangible-Equity of 5.29% is 11% below median its 10-year median of 5.96. Over the past 10 years, this metric has ranged from a low of 5.07 to a high of 7.00. The REITs industry median Return-on-Tangible-Equity is 6.23. Nippon Building Fund's value of 5.29% is 15% below this industry median. Based on the distribution chart, Nippon Building Fund ranks #474 out of 934 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 Return-on-Tangible-Equity compare to BXP and ARE?
According to the REITs industry distribution chart, Nippon Building Fund ranks #474 out of 934 companies for Return-on-Tangible-Equity. This places Nippon Building Fund in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.23. Nippon Building Fund's value of 5.29% is 15% below this benchmark. Historically, Nippon Building Fund's own Return-on-Tangible-Equity has ranged from 5.07 to 7.00 over the past decade. While the company's 10-year median is 5.96 vs. the industry median of 6.23, 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 Return-on-Tangible-Equity for a REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.23, based on 934 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. Nippon Building Fund's current Return-on-Tangible-Equity of 5.29% is 15% 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 Nippon Building Fund and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Building Fund's current Return-on-Tangible-Equity is 5.29%, which is 11% below median its own 10-year median of 5.96. 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 Return-on-Tangible-Equity of 5.29%. The stock's GF Value™ is $702.03, compared to a current price of $842.92 — trading 20.1% above its estimated fair value. The current Return-on-Tangible-Equity is 5.29%, which is 11% below median its 10-year median of 5.96 and 15% below the REITs industry median of 6.23. 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 Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Nippon Building Fund (NBFJF), the current Return-on-Tangible-Equity is 5.29% 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 20.1% above its estimated GF Value™ of $702.03.
Key valuation signals for NBFJF:
Return-on-Tangible-Equity: 5.29% (11% below median its 10-year median of 5.96)
GF Value™: $702.03 vs. price of $842.92 (20.1% above fair value)
Industry Position: 15% below the REITs median (#474 of 934)
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
Get the complete analysis for NBFJF
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NBFJF has been successfully added to your 
