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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 Bulgarian Real Estate Fund REIT's Debt-to-EBITDA or its related term are showing as below:
XBUL:BREF'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.5 Med: 1.63 Max: 2.61
Current: 0.5
During the past 13 years, the highest Debt-to-EBITDA Ratio of Bulgarian Real Estate Fund REIT was 2.61. The lowest was 0.50. And the median was 1.63.
XBUL:BREF's Debt-to-EBITDA is ranked better than 96.19% of 578
companies
in the REITs industry
Industry Median: 6.51
vs XBUL:BREF: 0.50
Bulgarian Real Estate Fund REIT (XBUL:BREF) Debt-to-EBITDA Explanation
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.
Bulgarian Real Estate Fund REIT Debt-to-EBITDA Related Terms
Bulgarian Real Estate Fund REIT Debt-to-EBITDA 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.
Bulgarian Real Estate Fund REIT Debt-to-EBITDA Chart
For the REIT - Diversified subindustry, Bulgarian Real Estate Fund REIT'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.
Bulgarian Real Estate Fund REIT Debt-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, Bulgarian Real Estate Fund REIT's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Bulgarian Real Estate Fund REIT'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 (Mar. 2026) EBITDA data.
Bulgarian Real Estate Fund REIT (XBUL:BREF) has a Debt-to-EBITDA of 1.60 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Bulgarian Real Estate Fund REIT. This is near median its historical median of 1.63. Over the past decade, Bulgarian Real Estate Fund REIT's Debt-to-EBITDA has ranged from 0.50 to 2.61. According to the industry distribution chart, Bulgarian Real Estate Fund REIT ranks #22 out of 578 companies in the REITs industry, placing it in the top 3.8%.
Is Bulgarian Real Estate Fund REIT's Debt-to-EBITDA too high?
Bulgarian Real Estate Fund REIT's current Debt-to-EBITDA of 1.60 is near median its 10-year median of 1.63. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 2.61. The REITs industry median Debt-to-EBITDA is 6.51. Bulgarian Real Estate Fund REIT's value of 1.60 is 75.4% below this industry median. Based on the distribution chart, Bulgarian Real Estate Fund REIT ranks #22 out of 578 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Bulgarian Real Estate Fund REIT has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bulgarian Real Estate Fund REIT's Debt-to-EBITDA compare to VICI and WPC?
According to the REITs industry distribution chart, Bulgarian Real Estate Fund REIT ranks #22 out of 578 companies for Debt-to-EBITDA. This places Bulgarian Real Estate Fund REIT in the top 4% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 6.51. Bulgarian Real Estate Fund REIT's value of 1.60 is 75.4% below this benchmark. Historically, Bulgarian Real Estate Fund REIT's own Debt-to-EBITDA has ranged from 0.50 to 2.61 over the past decade. While the company's 10-year median is 1.63 vs. the industry median of 6.51, Bulgarian Real Estate Fund REIT 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 6.51, based on 578 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. Bulgarian Real Estate Fund REIT's current Debt-to-EBITDA of 1.60 is 75.4% 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 Bulgarian Real Estate Fund REIT. For the REITs industry, the median Debt-to-EBITDA is 6.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bulgarian Real Estate Fund REIT's current Debt-to-EBITDA is 1.60, which is near median its own 10-year median of 1.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bulgarian Real Estate Fund REIT stock overvalued right now?
Based on GuruFocus' analysis, Bulgarian Real Estate Fund REIT (XBUL:BREF) is currently considered Possible Value Trap. The stock's GF Value™ is €15.92, compared to a current price of €2.56 — trading 83.9% below its estimated fair value. The current Debt-to-EBITDA is 1.60, which is near median its 10-year median of 1.63 and 75.4% below the REITs industry median of 6.51. Bulgarian Real Estate Fund REIT's overall GF Score™ is 73/100 with 4 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 Bulgarian Real Estate Fund REIT (XBUL:BREF), the current Debt-to-EBITDA is 1.60 as of Mar. 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 Bulgarian Real Estate Fund REIT (XBUL:BREF) Overvalued in 2026?
Based on GuruFocus' analysis, Bulgarian Real Estate Fund REIT stock appears to be undervalued.
The current stock price of €2.56 is trading 83.9% below its estimated GF Value™ of €15.92.
GuruFocus considers Bulgarian Real Estate Fund REIT to be Possible Value Trap.
Key valuation signals for XBUL:BREF:
Debt-to-EBITDA: 1.60 (near median its 10-year median of 1.63)
GF Value™: €15.92 vs. price of €2.56 (83.9% below fair value)
Industry Position: 75.4% below the REITs median (#22 of 578)
No single metric tells the full story. See the XBUL:BREF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bulgarian Real Estate Fund REIT Business Description
Bulgarian Real Estate Fund REIT is a special investment purpose joint-stock entity seated in the Republic of Bulgaria. The main activity of the fund is investing the cash funds raised through securities issuance in real property /securitization of real property/ through the purchase of ownership rights and other real rights over real property, carrying out construction and improvements therein for the purpose of making it available for management, renting, leasing and/or sale. Its investment objective is to achieve capital appreciation by means of diversified investments in business buildings, residential and other high-class properties, retail premises and agricultural land on the territory of Bulgaria.
73GF Score
Get the complete analysis for XBUL:BREF
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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