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.
Nomura Real Estate Master Fund's 3-Year ROIIC % for the quarter that ended in Aug. 2024 was 21.24%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
NMMRF's 3-Year ROIIC % is ranked better than 90.26% of 698
companies
in the REITs industry
Industry Median: 3.505
vs NMMRF: 21.24
Nomura Real Estate Master Fund (OTCPK:NMMRF) 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.
Nomura Real Estate Master Fund 3-Year ROIIC % Related Terms
Nomura Real Estate Master Fund 3-Year ROIIC % Historical 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.
Nomura Real Estate Master Fund 3-Year ROIIC % Chart
For the REIT - Retail subindustry, Nomura Real Estate Master 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.
Nomura Real Estate Master Fund 3-Year ROIIC % vs REITs Industry
For the REITs industry and Real Estate sector, Nomura Real Estate Master Fund's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Nomura Real Estate Master Fund's 3-Year ROIIC % falls into.
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 240.069 (Aug. 2024) - 274.0885884 (Aug. 2021) )
/
( 8287.843 (Aug. 2024) - 10820.478 (Aug. 2021) )
=
-34.0195884
/
-2532.635
=
1.34%***
* 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.
Nomura Real Estate Master Fund (NMMRF) has a 3-Year ROIIC % of 21.24 as of Aug. 2024. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Nomura Real Estate Master Fund and its competitors. This is 422% above median its historical median of 4.07. Over the past decade, Nomura Real Estate Master Fund's 3-Year ROIIC % has ranged from 2.02 to 70.54. According to the industry distribution chart, Nomura Real Estate Master Fund ranks #68 out of 698 companies in the REITs industry, placing it in the top 9.7%.
Is Nomura Real Estate Master Fund's 3-Year ROIIC % too high?
Nomura Real Estate Master Fund's current 3-Year ROIIC % of 21.24 is 422% above median its 10-year median of 4.07. Over the past 10 years, this metric has ranged from a low of 2.02 to a high of 70.54. The REITs industry median 3-Year ROIIC % is 3.51. Nomura Real Estate Master Fund's value of 21.24 is 506% above this industry median. Based on the distribution chart, Nomura Real Estate Master Fund ranks #68 out of 698 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Nomura Real Estate Master Fund has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does Nomura Real Estate Master Fund's 3-Year ROIIC % compare to SPG and O?
According to the REITs industry distribution chart, Nomura Real Estate Master Fund ranks #68 out of 698 companies for 3-Year ROIIC %. This places Nomura Real Estate Master Fund in the top 10% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 3.51. Nomura Real Estate Master Fund's value of 21.24 is 506% above this benchmark. Historically, Nomura Real Estate Master Fund's own 3-Year ROIIC % has ranged from 2.02 to 70.54 over the past decade. While the company's 10-year median is 4.07 vs. the industry median of 3.51, Nomura Real Estate Master Fund has consistently been above 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 3-Year ROIIC % for a REITs company?
The median 3-Year ROIIC % among REITs companies is 3.51, based on 698 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. Nomura Real Estate Master Fund's current 3-Year ROIIC % of 21.24 is 506% above 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 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 Nomura Real Estate Master Fund and its competitors. For the REITs industry, the median 3-Year ROIIC % is 3.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nomura Real Estate Master Fund's current 3-Year ROIIC % is 21.24, which is 422% above median its own 10-year median of 4.07. 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 (NMMRF) has a current 3-Year ROIIC % of 21.24. The stock's GF Value™ is $1,050.09, compared to a current price of $1,008.35 — trading 4% below its estimated fair value. The current 3-Year ROIIC % is 21.24, which is 422% above median its 10-year median of 4.07 and 506% above the REITs industry median of 3.51. Nomura Real Estate Master Fund's overall GF Score™ is 57/100 with 5 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 Nomura Real Estate Master Fund (NMMRF), the current 3-Year ROIIC % is 21.24 as of Aug. 2024. 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 (NMMRF) Overvalued in 2026?
Based on GuruFocus' analysis, Nomura Real Estate Master Fund stock appears to be undervalued.
The current stock price of $1,008.35 is trading 4% below its estimated GF Value™ of $1,050.09.
Key valuation signals for NMMRF:
3-Year ROIIC %: 21.24 (422% above median its 10-year median of 4.07)
GF Value™: $1,050.09 vs. price of $1,008.35 (4% below fair value)
Industry Position: 506% above the REITs median (#68 of 698)
No single metric tells the full story. See the NMMRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nomura Real Estate Master Fund Business Description
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.
57GF Score
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