Daiwa Office Investment (TSE:8976) ROCE %: 3.65% (As of Nov. 2025)


TSE:8976 Daiwa Office Investment Corp TSE:8976
62 GF Score
Price 円328,500.00
GF Value 円349,345.02
Valuation Fairly Valued
! 4 Warning Signs
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What is Daiwa Office Investment ROCE %?

Daiwa Office Investment TSE:8976 -0.45% 62 ROCE % is 3.65% as of Nov. 2025. GuruFocus rates TSE:8976 with a GF Score™ of 62/100 and a GF Value™ of 円349,345.02 (Fairly Valued). The stock has 4 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. Daiwa Office Investment's annualized ROCE % for the quarter that ended in Nov. 2025 was 3.65%.

Daiwa Office Investment  (TSE:8976) 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.

Daiwa Office Investment ROCE % Related Terms

Daiwa Office Investment ROCE % Historical Data

* Premium members only.

The historical data trend for Daiwa Office Investment'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.

Daiwa Office Investment ROCE % Chart

Daiwa Office Investment Annual Data
Trend Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.27 3.38 3.32 3.16 3.20

Daiwa Office Investment Semi-Annual Data
May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.94 3.00 3.43 3.36 3.65
TSE:8976
62GF Score
Daiwa Office Investment Corp TSE:8976
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Daiwa Office Investment ROCE % Calculation

Daiwa Office Investment's annualized ROCE % for the fiscal year that ended in Nov. 2024 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Nov. 2024 )  (A: Nov. 2023 )(A: Nov. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Nov. 2024 )  (A: Nov. 2023 )(A: Nov. 2024 )
=14503.302/( ( (482200.822 - 36635.051) + (491237.752 - 29136.9) )/ 2 )
=14503.302/( (445565.771+462100.852)/ 2 )
=14503.302/453833.3115
=3.20 %

Daiwa Office Investment's ROCE % of for the quarter that ended in Nov. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Nov. 2025 )  (Q: May. 2025 )(Q: Nov. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Nov. 2025 )  (Q: May. 2025 )(Q: Nov. 2025 )
=16891.718/( ( (491803.875 - 27866.184) + (488321.924 - 27912.348) )/ 2 )
=16891.718/( ( 463937.691 + 460409.576 )/ 2 )
=16891.718/462173.6335
=3.65 %

(1) Note: The EBIT data used here is two times the semi-annual (Nov. 2025) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 3.65% mean?
Daiwa Office Investment (TSE:8976) has a ROCE % of 3.65% as of Nov. 2025.
Is Daiwa Office Investment's ROCE % too high?
Daiwa Office Investment's current ROCE % is 3.65%. The REITs industry median ROCE % is 5.12. Daiwa Office Investment's value of 3.65% is 28.6% below this industry median. Overall, Daiwa Office Investment has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Daiwa Office Investment's ROCE % compare to BXP and ARE?
Daiwa Office Investment's ROCE % of 3.65% can be compared against companies in the REITs industry. The industry median ROCE % is 5.12. Daiwa Office Investment's value of 3.65% is 28.6% 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 5.12, based on 752 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. Daiwa Office Investment's current ROCE % of 3.65% is 28.6% 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 5.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daiwa Office Investment's current ROCE % is 3.65%. 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?
Based on GuruFocus' analysis, Daiwa Office Investment (TSE:8976) is currently considered Fairly Valued. The stock's GF Value™ is 円349,345.02, compared to a current price of 円328,500.00 — trading 6% below its estimated fair value. The current ROCE % is 3.65% and 28.6% below the REITs industry median of 5.12. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Daiwa Office Investment (TSE:8976), the current ROCE % is 3.65% 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 (TSE:8976) Overvalued in 2026?

Based on GuruFocus' analysis, Daiwa Office Investment stock appears to be undervalued. The current stock price of 円328,500.00 is trading 6% below its estimated GF Value™ of 円349,345.02. GuruFocus considers Daiwa Office Investment to be Fairly Valued.

Key valuation signals for TSE:8976:

  • ROCE %: 3.65%
  • GF Value™: 円349,345.02 vs. price of 円328,500.00 (6% below fair value)
  • GF Score™: 62/100 with 4 warning signs
  • Industry Position: 28.6% below the REITs median

No single metric tells the full story. See the TSE:8976 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Daiwa Office Investment Business Description

Industry Real EstateREITs
Address 6-2-1 Ginza, Chuo-ku, Tokyo, JPN
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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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円328,500.00
Price
円349,345.02
GF Value