Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Nippon Building Fund's operating assets for the quarter that ended in Dec. 2025 was $9,139.1 Mil. Nippon Building Fund's operating liabilities for the quarter that ended in Dec. 2025 was $587.8 Mil. Nippon Building Fund's Total Assets for the quarter that ended in Jun. 2025 was $9,639.6 Mil. Therefore, Nippon Building Fund's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.89.
Nippon Building Fund Scaled Net Operating Assets Related Terms
Nippon Building Fund Scaled Net Operating Assets Historical Data
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The historical data trend for Nippon Building Fund's Scaled Net Operating Assets 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.
Nippon Building Fund Scaled Net Operating Assets Chart
NBFJF vs BXP, ARE, VNO: Scaled Net Operating Assets Comparison
For the REIT - Office subindustry, Nippon Building Fund's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs REITs Industry
For the REITs industry and Real Estate sector, Nippon Building Fund's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Nippon Building Fund's Scaled Net Operating Assets 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.
What does a Scaled Net Operating Assets of 0.89 mean?
Nippon Building Fund (NBFJF) has a Scaled Net Operating Assets of 0.89 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Nippon Building Fund and its competitors.
Is Nippon Building Fund's Scaled Net Operating Assets too high?
Nippon Building Fund's current Scaled Net Operating Assets is 0.89. Overall, Nippon Building Fund has a GF Score™ of 56/100, reflecting its overall financial health beyond just this single metric.
How does Nippon Building Fund's Scaled Net Operating Assets compare to BXP and ARE?
Nippon Building Fund's Scaled Net Operating Assets of 0.89 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Nippon Building Fund and its competitors. Nippon Building Fund's current Scaled Net Operating Assets is 0.89. 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 Scaled Net Operating Assets of 0.89. The stock's GF Value™ is $714.82, compared to a current price of $842.92 — trading 17.9% above its estimated fair value. The current Scaled Net Operating Assets is 0.89. Nippon Building Fund's overall GF Score™ is 56/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Nippon Building Fund (NBFJF), the current Scaled Net Operating Assets is 0.89 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 17.9% above its estimated GF Value™ of $714.82.
Key valuation signals for NBFJF:
Scaled Net Operating Assets: 0.89
GF Value™: $714.82 vs. price of $842.92 (17.9% 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.
56GF Score
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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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