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The historical rank and industry rank for Nomura Real Estate Master Fund's Shiller PE Ratio or its related term are showing as below:
NMMRF'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 23.49 Med: 26.8 Max: 31.2
Current: 25.99
During the past 11 years, Nomura Real Estate Master Fund's highest Shiller PE Ratio was 31.20. The lowest was 23.49. And the median was 26.80.
NMMRF's Shiller PE Ratio is ranked worse than 79.66% of 477
companies
in the REITs industry
Industry Median: 13.5
vs NMMRF: 25.99
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Nomura Real Estate Master Fund's adjusted earnings per share data of for the fiscal year that ended in Aug24 was $44.484. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $41.78 for the trailing ten years ended in Aug24.
Shiller PE for Stocks: The True Measure of Stock Valuation
Nomura Real Estate Master Fund (OTCPK:NMMRF) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Nomura Real Estate Master Fund Shiller PE Ratio Related Terms
Nomura Real Estate Master Fund Shiller PE Ratio 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 Shiller PE Ratio Chart
For the REIT - Retail subindustry, Nomura Real Estate Master Fund's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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 Shiller PE Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Nomura Real Estate Master Fund's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Nomura Real Estate Master Fund's Shiller PE Ratio falls into.
Nomura Real Estate Master Fund Shiller PE Ratio Calculation
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
* 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.
Add all the adjusted EPS together and divide 10 will get our E10.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
Nomura Real Estate Master Fund (NMMRF) has a Shiller PE Ratio of 24.13 as of Aug. 19, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Nomura Real Estate Master Fund and its competitors. This is 10% below median its historical median of 26.80. Over the past decade, Nomura Real Estate Master Fund's Shiller PE Ratio has ranged from 23.49 to 31.20. According to the industry distribution chart, Nomura Real Estate Master Fund ranks #380 out of 477 companies in the REITs industry, placing it in the top 79.7%.
Is Nomura Real Estate Master Fund's Shiller PE Ratio too high?
Nomura Real Estate Master Fund's current Shiller PE Ratio of 24.13 is 10% below median its 10-year median of 26.80. Over the past 10 years, this metric has ranged from a low of 23.49 to a high of 31.20. The REITs industry median Shiller PE Ratio is 13.50. Nomura Real Estate Master Fund's value of 24.13 is 78.7% above this industry median. Based on the distribution chart, Nomura Real Estate Master Fund ranks #380 out of 477 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Nomura Real Estate Master Fund has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does Nomura Real Estate Master Fund's Shiller PE Ratio compare to SPG and O?
According to the REITs industry distribution chart, Nomura Real Estate Master Fund ranks #380 out of 477 companies for Shiller PE Ratio. This places Nomura Real Estate Master Fund in the lower half of its industry. The industry median Shiller PE Ratio is 13.50. Nomura Real Estate Master Fund's value of 24.13 is 78.7% above this benchmark. Historically, Nomura Real Estate Master Fund's own Shiller PE Ratio has ranged from 23.49 to 31.20 over the past decade. While the company's 10-year median is 26.80 vs. the industry median of 13.50, 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 Shiller PE Ratio for a REITs company?
The median Shiller PE Ratio among REITs companies is 13.50, based on 477 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nomura Real Estate Master Fund's current Shiller PE Ratio of 24.13 is 78.7% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Nomura Real Estate Master Fund and its competitors. For the REITs industry, the median Shiller PE Ratio is 13.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nomura Real Estate Master Fund's current Shiller PE Ratio is 24.13, which is 10% below median its own 10-year median of 26.80. 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 Shiller PE Ratio of 24.13. The stock's GF Value™ is $1,078.76, compared to a current price of $1,008.35 — trading 6.5% below its estimated fair value. The current Shiller PE Ratio is 24.13, which is 10% below median its 10-year median of 26.80 and 78.7% above the REITs industry median of 13.50. Nomura Real Estate Master Fund's overall GF Score™ is 54/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Nomura Real Estate Master Fund (NMMRF), the current Shiller PE Ratio is 24.13 as of Aug. 19, 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 (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 6.5% below its estimated GF Value™ of $1,078.76.
Key valuation signals for NMMRF:
Shiller PE Ratio: 24.13 (10% below median its 10-year median of 26.80)
GF Value™: $1,078.76 vs. price of $1,008.35 (6.5% below fair value)
Industry Position: 78.7% above the REITs median (#380 of 477)
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 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.
54GF Score
Get the complete analysis for NMMRF
Shiller PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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