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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.
Japan Real Estate Investment's 3-Year ROIIC % for the quarter that ended in Sep. 2025 was 6.19%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
TSE:8952's 3-Year ROIIC % is ranked better than 66.96% of 690
companies
in the REITs industry
Industry Median: 3.66
vs TSE:8952: 6.19
Japan Real Estate Investment (TSE:8952) 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.
Japan Real Estate Investment 3-Year ROIIC % Related Terms
Japan Real Estate Investment 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.
TSE:8952 vs BXP, ARE, VNO: 3-Year ROIIC % Comparison
For the REIT - Office subindustry, Japan Real Estate Investment'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.
Japan Real Estate Investment 3-Year ROIIC % vs REITs Industry
For the REITs industry and Real Estate sector, Japan Real Estate Investment's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Japan Real Estate Investment's 3-Year ROIIC % 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.
** 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.
Japan Real Estate Investment (TSE:8952) has a 3-Year ROIIC % of 6.19 as of Sep. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Japan Real Estate Investment and its competitors. This is near median its historical median of 6.48. Over the past decade, Japan Real Estate Investment's 3-Year ROIIC % has ranged from 2.20 to 13.82. According to the industry distribution chart, Japan Real Estate Investment ranks #228 out of 690 companies in the REITs industry, placing it in the top 33%.
Is Japan Real Estate Investment's 3-Year ROIIC % too high?
Japan Real Estate Investment's current 3-Year ROIIC % of 6.19 is near median its 10-year median of 6.48. Over the past 10 years, this metric has ranged from a low of 2.20 to a high of 13.82. The REITs industry median 3-Year ROIIC % is 3.66. Japan Real Estate Investment's value of 6.19 is 69.1% above this industry median. Based on the distribution chart, Japan Real Estate Investment ranks #228 out of 690 companies in the REITs industry, which is above the industry midpoint. Overall, Japan Real Estate Investment has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Japan Real Estate Investment's 3-Year ROIIC % compare to BXP and ARE?
According to the REITs industry distribution chart, Japan Real Estate Investment ranks #228 out of 690 companies for 3-Year ROIIC %. This puts Japan Real Estate Investment in the upper half of its industry. The industry median 3-Year ROIIC % is 3.66. Japan Real Estate Investment's value of 6.19 is 69.1% above this benchmark. Historically, Japan Real Estate Investment's own 3-Year ROIIC % has ranged from 2.20 to 13.82 over the past decade. While the company's 10-year median is 6.48 vs. the industry median of 3.66, Japan Real Estate Investment 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 3.66, based on 690 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. Japan Real Estate Investment's current 3-Year ROIIC % of 6.19 is 69.1% 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 Japan Real Estate Investment and its competitors. For the REITs industry, the median 3-Year ROIIC % is 3.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Real Estate Investment's current 3-Year ROIIC % is 6.19, which is near median its own 10-year median of 6.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Real Estate Investment stock overvalued right now?
Based on GuruFocus' analysis, Japan Real Estate Investment (TSE:8952) is currently considered Modestly Overvalued. The stock's GF Value™ is 円109,376.83, compared to a current price of 円122,500.00 — trading 12% above its estimated fair value. The current 3-Year ROIIC % is 6.19, which is near median its 10-year median of 6.48 and 69.1% above the REITs industry median of 3.66. Japan Real Estate Investment's overall GF Score™ is 67/100 with 9 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 Japan Real Estate Investment (TSE:8952), the current 3-Year ROIIC % is 6.19 as of Sep. 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 Japan Real Estate Investment (TSE:8952) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Real Estate Investment stock appears to be overvalued.
The current stock price of 円122,500.00 is trading 12% above its estimated GF Value™ of 円109,376.83.
GuruFocus considers Japan Real Estate Investment to be Modestly Overvalued.
Key valuation signals for TSE:8952:
3-Year ROIIC %: 6.19 (near median its 10-year median of 6.48)
GF Value™: 円109,376.83 vs. price of 円122,500.00 (12% above fair value)
Industry Position: 69.1% above the REITs median (#228 of 690)
No single metric tells the full story. See the TSE:8952 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Real Estate Investment Corp, or J-REIT, is a Japanese real estate investment trust that invests in, owns, and leases office properties. The vast majority of the company's real estate portfolio is located within Tokyo's 23 wards and the Tokyo metropolitan area in terms of total value. Within this area, J-REIT's offices reside within the Tokyo central business district. The company derives nearly all of its income in the form of rental revenue from the leasing of its office properties. While J-REIT tenants hail from a diverse assortment of industries, firms from the service, information services, electric devices, and financial services industries are its customers.
67GF Score
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