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3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Nippon Building Fund's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -2.75%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Nippon Building Fund's 3-Year ROIIC % or its related term are showing as below:
NBFJF's 3-Year ROIIC % is ranked worse than 79.45% of 691
companies
in the REITs industry
Industry Median: 3.63
vs NBFJF: -2.75
Nippon Building Fund (OTCPK:NBFJF) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Nippon Building Fund 3-Year ROIIC % Related Terms
Nippon Building Fund 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Nippon Building Fund's 3-Year ROIIC % 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.
For the REIT - Office subindustry, Nippon Building Fund's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs REITs Industry
For the REITs industry and Real Estate sector, Nippon Building Fund's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Nippon Building Fund's 3-Year ROIIC % falls into.
Nippon Building Fund's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 296.897 (Dec. 2025) - 358.774 (Dec. 2022) )
/
( 9579.296 (Dec. 2025) - 10501.274 (Dec. 2022) )
=
-61.877
/
-921.978
=
6.71%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Nippon Building Fund (NBFJF) has a 3-Year ROIIC % of -2.75 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Nippon Building Fund and its competitors. According to the industry distribution chart, Nippon Building Fund ranks #549 out of 691 companies in the REITs industry, placing it in the top 79.5%.
Is Nippon Building Fund's 3-Year ROIIC % too high?
Nippon Building Fund's current 3-Year ROIIC % is -2.75. Based on the distribution chart, Nippon Building Fund ranks #549 out of 691 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Nippon Building Fund has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does Nippon Building Fund's 3-Year ROIIC % compare to BXP and ARE?
According to the REITs industry distribution chart, Nippon Building Fund ranks #549 out of 691 companies for 3-Year ROIIC %. This places Nippon Building Fund in the lower half of its industry. The industry median 3-Year ROIIC % is 3.63. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a REITs company?
The median 3-Year ROIIC % among REITs companies is 3.63, based on 691 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Nippon Building Fund and its competitors. For the REITs industry, the median 3-Year ROIIC % is 3.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Building Fund's current 3-Year ROIIC % is -2.75. 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 3-Year ROIIC % of -2.75. The stock's GF Value™ is $678.68, compared to a current price of $842.92 — trading 24.2% above its estimated fair value. The current 3-Year ROIIC % is -2.75. Nippon Building Fund's overall GF Score™ is 55/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Nippon Building Fund (NBFJF), the current 3-Year ROIIC % is -2.75 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 24.2% above its estimated GF Value™ of $678.68.
Key valuation signals for NBFJF:
3-Year ROIIC %: -2.75
GF Value™: $678.68 vs. price of $842.92 (24.2% above fair value)
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.
55GF Score
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3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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