Nomura Real Estate Master Fund (FRA:8BQ) ROCE %: 2.74% (As of Feb. 2026)

What is Nomura Real Estate Master Fund ROCE %?

Nomura Real Estate Master Fund FRA:8BQ +1.23% 58 ROCE % is 2.74% as of Feb. 2026. GuruFocus rates FRA:8BQ with a GF Score™ of 58/100 and a GF Value™ of €859.15. The stock has 5 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Nomura Real Estate Master Fund's annualized ROCE % for the quarter that ended in Feb. 2026 was 2.74%.

Nomura Real Estate Master Fund (FRA:8BQ) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Nomura Real Estate Master Fund ROCE % Related Terms

Nomura Real Estate Master Fund ROCE % Historical Data

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The historical data trend for Nomura Real Estate Master Fund's ROCE % 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.

Nomura Real Estate Master Fund ROCE % Chart

Nomura Real Estate Master Fund Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

ROCE %

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2.55

2.56

2.55

2.84

3.04

Nomura Real Estate Master Fund Semi-Annual Data
	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24	Feb25	Aug25	Feb26
ROCE %	Get a 7-Day Free Trial															2.59	3.52	3.29	3.16	2.74

58GF Score

Nomura Real Estate Master Fund Inc FRA:8BQ

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Nomura Real Estate Master Fund ROCE % Calculation

Nomura Real Estate Master Fund's annualized ROCE % for the fiscal year that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	212.204	/	( ( (7550.611 - 398.328)	+	(7337.004 - 523.423) )	/ 2 )
	=	212.204	/	( (7152.283	+	6813.581)	/ 2 )
	=	212.204	/	6982.932
	=	3.04 %

Nomura Real Estate Master Fund's ROCE % of for the quarter that ended in Feb. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2026 )		(Q: Aug. 2025 )		(Q: Feb. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2026 )		(Q: Aug. 2025 )		(Q: Feb. 2026 )
	=	169.226	/	( ( (6880.454 - 460.113)	+	(6435.824 - 500.315) )	/ 2 )
	=	169.226	/	( ( 6420.341	+	5935.509 )	/ 2 )
	=	169.226	/	6177.925
	=	2.74 %

(1) Note: The EBIT data used here is two times the semi-annual (Feb. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 2.74% mean?

Nomura Real Estate Master Fund (FRA:8BQ) has a ROCE % of 2.74% as of Feb. 2026.

Is Nomura Real Estate Master Fund's ROCE % too high?

Nomura Real Estate Master Fund's current ROCE % is 2.74%. The REITs industry median ROCE % is 5.17. Nomura Real Estate Master Fund's value of 2.74% is 47% below this industry median. Overall, Nomura Real Estate Master Fund has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.

How does Nomura Real Estate Master Fund's ROCE % compare to SPG and O?

Nomura Real Estate Master Fund's ROCE % of 2.74% can be compared against companies in the REITs industry. The industry median ROCE % is 5.17. Nomura Real Estate Master Fund's value of 2.74% is 47% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a REITs company?

The median ROCE % among REITs companies is 5.17, based on 757 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nomura Real Estate Master Fund's current ROCE % of 2.74% is 47% 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the REITs industry, the median ROCE % is 5.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nomura Real Estate Master Fund's current ROCE % is 2.74%. 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 (FRA:8BQ) has a current ROCE % of 2.74%. The stock's GF Value™ is €859.15, compared to a current price of €825.00 — trading 4% below its estimated fair value. The current ROCE % is 2.74% and 47% below the REITs industry median of 5.17. Nomura Real Estate Master Fund's overall GF Score™ is 58/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Nomura Real Estate Master Fund (FRA:8BQ), the current ROCE % is 2.74% 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 (FRA:8BQ) Overvalued in 2026?

Based on GuruFocus' analysis, Nomura Real Estate Master Fund stock appears to be undervalued. The current stock price of €825.00 is trading 4% below its estimated GF Value™ of €859.15.

Key valuation signals for FRA:8BQ:

ROCE %: 2.74%
GF Value™: €859.15 vs. price of €825.00 (4% below fair value)
GF Score™: 58/100 with 5 warning signs
Industry Position: 47% below the REITs median

No single metric tells the full story. See the FRA:8BQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nomura Real Estate Master Fund Business Description

Industry Real Estate REITs

Comparable Companies TSE:8953 TSE:3292 TSE:8964 TSE:2971 SPG O XPAR:URW KIM ASX:SCG REG SGX:C38U HKSE:00823 XPAR:LI FRT BRX ADC NNN ASX:VCX TSX:CHP.UN EPRT

Other Exchanges 3462:Japan

Address 1-13-1 Nihonbashi, Chuo-ku, Tokyo, JPN, 103-8645

Website https://www.nomura.co.jp

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.

58GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€825.00

Price

€859.15

GF Value

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