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Invitation HomesFRA:4IV 83 Debt-to-EBITDA is 4.20 as of Jun. 2026, which is 40% below its 10-year median of 7.03. GuruFocus rates FRA:4IV with a GF Score™ of 83/100 and a GF Value™ of €31.87 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 572 REITs companies, Invitation Homes ranks better than 62.76% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Invitation Homes's Debt-to-EBITDA or its related term are showing as below:
FRA:4IV'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.74 Med: 7.03 Max: 20.95
Current: 4.74
During the past 12 years, the highest Debt-to-EBITDA Ratio of Invitation Homes was 20.95. The lowest was 4.74. And the median was 7.03.
FRA:4IV's Debt-to-EBITDA is ranked better than 62.76% of 572
companies
in the REITs industry
Industry Median: 6.545
vs FRA:4IV: 4.74
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Invitation Homes Debt-to-EBITDA Related Terms
Invitation Homes Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Invitation Homes's Debt-to-EBITDA 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.
FRA:4IV vs ESS, MAA, SUI: Debt-to-EBITDA Comparison
For the REIT - Residential subindustry, Invitation Homes's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.
Invitation Homes Debt-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, Invitation Homes's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Invitation Homes's Debt-to-EBITDA 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.
Invitation Homes (FRA:4IV) has a Debt-to-EBITDA of 4.20 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Invitation Homes. This is 40% below median its historical median of 7.03. Over the past decade, Invitation Homes' Debt-to-EBITDA has ranged from 4.74 to 20.95. According to the industry distribution chart, Invitation Homes ranks #213 out of 572 companies in the REITs industry, placing it in the top 37.2%.
Is Invitation Homes' Debt-to-EBITDA too high?
Invitation Homes' current Debt-to-EBITDA of 4.20 is 40% below median its 10-year median of 7.03. Over the past 10 years, this metric has ranged from a low of 4.74 to a high of 20.95. The REITs industry median Debt-to-EBITDA is 6.55. Invitation Homes' value of 4.20 is 35.8% below this industry median. Based on the distribution chart, Invitation Homes ranks #213 out of 572 companies in the REITs industry, which is above the industry midpoint. Overall, Invitation Homes has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Invitation Homes' Debt-to-EBITDA compare to ESS and MAA?
According to the REITs industry distribution chart, Invitation Homes ranks #213 out of 572 companies for Debt-to-EBITDA. This puts Invitation Homes in the upper half of its industry. The industry median Debt-to-EBITDA is 6.55. Invitation Homes' value of 4.20 is 35.8% below this benchmark. Historically, Invitation Homes' own Debt-to-EBITDA has ranged from 4.74 to 20.95 over the past decade. While the company's 10-year median is 7.03 vs. the industry median of 6.55, Invitation Homes 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 Debt-to-EBITDA for a REITs company?
The median Debt-to-EBITDA among REITs companies is 6.55, based on 572 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Invitation Homes's current Debt-to-EBITDA of 4.20 is 35.8% 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 Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Invitation Homes. For the REITs industry, the median Debt-to-EBITDA is 6.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Invitation Homes's current Debt-to-EBITDA is 4.20, which is 40% below median its own 10-year median of 7.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Invitation Homes stock overvalued right now?
Based on GuruFocus' analysis, Invitation Homes (FRA:4IV) is currently considered Modestly Undervalued. The stock's GF Value™ is €31.87, compared to a current price of €25.60 — trading 19.7% below its estimated fair value. The current Debt-to-EBITDA is 4.20, which is 40% below median its 10-year median of 7.03 and 35.8% below the REITs industry median of 6.55. Invitation Homes' overall GF Score™ is 83/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Invitation Homes (FRA:4IV), the current Debt-to-EBITDA is 4.20 as of Jun. 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 Invitation Homes (FRA:4IV) Overvalued in 2026?
Based on GuruFocus' analysis, Invitation Homes stock appears to be undervalued.
The current stock price of €25.60 is trading 19.7% below its estimated GF Value™ of €31.87.
GuruFocus considers Invitation Homes to be Modestly Undervalued.
Key valuation signals for FRA:4IV:
Debt-to-EBITDA: 4.20 (40% below median its 10-year median of 7.03)
GF Value™: €31.87 vs. price of €25.60 (19.7% below fair value)
Industry Position: 35.8% below the REITs median (#213 of 572)
No single metric tells the full story. See the FRA:4IV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Invitation Homes owns a portfolio of over 86,000 single-family rental homes. The company focuses on owning homes in the starter and move-up segments of the housing market with an average sale price of around $350,000 and generally less than 1,800 square feet. The portfolio is spread across 17 target markets that feature high employment and household formation growth, with over 70% of the portfolio in the Western US and Florida; 15 of the 17 markets feature average rents lower than homeownership costs.
83GF Score
Get the complete analysis for FRA:4IV
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