Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Nippon Building FundTSE:8951 -0.85%56 5-Year Yield-on-Cost % is 4.19 as of Aug. 05, 2026, which is 11% above its 10-year median of 3.78. GuruFocus rates TSE:8951 with a GF Score™ of 56/100 and a GF Value™ of 円105,713.43 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 858 REITs companies, Nippon Building Fund ranks worse than 83.68% on this metric.
Nippon Building Fund's yield on cost for the quarter that ended in Dec. 2025 was 4.19.
The historical rank and industry rank for Nippon Building Fund's 5-Year Yield-on-Cost % or its related term are showing as below:
TSE:8951'
s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 2.66 Med: 3.78 Max: 5.14
Current: 4.19
During the past 13 years, Nippon Building Fund's highest Yield on Cost was 5.14. The lowest was 2.66. And the median was 3.78.
TSE:8951's 5-Year Yield-on-Cost % is ranked worse than 83.68% of 858
companies
in the REITs industry
Industry Median: 7.325
vs TSE:8951: 4.19
Nippon Building Fund (TSE:8951) 5-Year Yield-on-Cost % Explanation
Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.
Nippon Building Fund 5-Year Yield-on-Cost % Related Terms
TSE:8951 vs BXP, ARE, VNO: 5-Year Yield-on-Cost % Comparison
For the REIT - Office subindustry, Nippon Building Fund's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 5-Year Yield-on-Cost % vs REITs Industry
For the REITs industry and Real Estate sector, Nippon Building Fund's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where Nippon Building Fund's 5-Year Yield-on-Cost % falls into.
Nippon Building Fund 5-Year Yield-on-Cost % Calculation
Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.
Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.
Nippon Building Fund (TSE:8951) has a 5-Year Yield-on-Cost % of 4.19 as of Aug. 05, 2026. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Nippon Building Fund and its competitors. This is 11% above median its historical median of 3.78. Over the past decade, Nippon Building Fund's 5-Year Yield-on-Cost % has ranged from 2.66 to 5.14. According to the industry distribution chart, Nippon Building Fund ranks #718 out of 858 companies in the REITs industry, placing it in the top 83.7%.
Is Nippon Building Fund's 5-Year Yield-on-Cost % too high?
Nippon Building Fund's current 5-Year Yield-on-Cost % of 4.19 is 11% above median its 10-year median of 3.78. Over the past 10 years, this metric has ranged from a low of 2.66 to a high of 5.14. The REITs industry median 5-Year Yield-on-Cost % is 7.33. Nippon Building Fund's value of 4.19 is 42.8% below this industry median. Based on the distribution chart, Nippon Building Fund ranks #718 out of 858 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Nippon Building Fund has a GF Score™ of 56/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Building Fund's 5-Year Yield-on-Cost % compare to BXP and ARE?
According to the REITs industry distribution chart, Nippon Building Fund ranks #718 out of 858 companies for 5-Year Yield-on-Cost %. This places Nippon Building Fund in the lower half of its industry. The industry median 5-Year Yield-on-Cost % is 7.33. Nippon Building Fund's value of 4.19 is 42.8% below this benchmark. Historically, Nippon Building Fund's own 5-Year Yield-on-Cost % has ranged from 2.66 to 5.14 over the past decade. While the company's 10-year median is 3.78 vs. the industry median of 7.33, Nippon Building Fund has consistently been below 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 5-Year Yield-on-Cost % for a REITs company?
The median 5-Year Yield-on-Cost % among REITs companies is 7.33, based on 858 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year Yield-on-Cost % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year Yield-on-Cost % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nippon Building Fund's current 5-Year Yield-on-Cost % of 4.19 is 42.8% below 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 5-Year Yield-on-Cost % mean?
A high 5-Year Yield-on-Cost % can signal that a stock is expensive relative to its fundamentals. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Nippon Building Fund and its competitors. For the REITs industry, the median 5-Year Yield-on-Cost % is 7.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Building Fund's current 5-Year Yield-on-Cost % is 4.19, which is 11% above median its own 10-year median of 3.78. 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?
Based on GuruFocus' analysis, Nippon Building Fund (TSE:8951) is currently considered Modestly Overvalued. The stock's GF Value™ is 円105,713.43, compared to a current price of 円129,000.00 — trading 22% above its estimated fair value. The current 5-Year Yield-on-Cost % is 4.19, which is 11% above median its 10-year median of 3.78 and 42.8% below the REITs industry median of 7.33. Nippon Building Fund's overall GF Score™ is 56/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 5-Year Yield-on-Cost % calculated?
5-Year Yield-on-Cost % is calculated from a company's financial statements. For Nippon Building Fund (TSE:8951), the current 5-Year Yield-on-Cost % is 4.19 as of Aug. 05, 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 Nippon Building Fund (TSE:8951) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Building Fund stock appears to be overvalued.
The current stock price of 円129,000.00 is trading 22% above its estimated GF Value™ of 円105,713.43.
GuruFocus considers Nippon Building Fund to be Modestly Overvalued.
Key valuation signals for TSE:8951:
5-Year Yield-on-Cost %: 4.19 (11% above median its 10-year median of 3.78)
GF Value™: 円105,713.43 vs. price of 円129,000.00 (22% above fair value)
Industry Position: 42.8% below the REITs median (#718 of 858)
No single metric tells the full story. See the TSE:8951 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
Get the complete analysis for TSE:8951
5-Year Yield-on-Cost % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:8951 has been successfully added to your 
