FCXXF (First Capital REIT) EV-to-EBIT: 20.33 (As of Aug. 29, 2026) — 17% Above Median

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FCXXF First Capital REIT FCXXF
70 GF Score
Price $16.38
GF Value $13.28
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is First Capital REIT EV-to-EBIT?

First Capital REIT FCXXF 70 EV-to-EBIT is 20.33 as of Aug. 29, 2026, which is 17% above its 10-year median of 17.34. GuruFocus rates FCXXF with a GF Score™ of 70/100 and a GF Value™ of $13.28 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 651 REITs companies, First Capital REIT ranks worse than 54.99% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, First Capital REIT's Enterprise Value is $6,480.9 Mil. First Capital REIT's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $318.8 Mil. Therefore, First Capital REIT's EV-to-EBIT for today is 20.33.

The historical rank and industry rank for First Capital REIT's EV-to-EBIT or its related term are showing as below:

FCXXF' s EV-to-EBIT Range Over the Past 10 Years
Min: -3182.88   Med: 17.34   Max: 506.99
Current: 20.38

During the past 13 years, the highest EV-to-EBIT of First Capital REIT was 506.99. The lowest was -3182.88. And the median was 17.34.

FCXXF's EV-to-EBIT is ranked worse than
54.99% of 651 companies
in the REITs industry
Industry Median: 18.18 vs FCXXF: 20.38

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. First Capital REIT's Enterprise Value for the quarter that ended in Jun. 2026 was $6,423.5 Mil. First Capital REIT's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $318.8 Mil. First Capital REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 4.96%.


First Capital REIT  (OTCPK:FCXXF) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

First Capital REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Jun. 2026 ) =EBIT / Enterprise Value (Q: Jun. 2026 )
=318.787/6423.51369
=4.96 %

First Capital REIT's Enterprise Value for the quarter that ended in Jun. 2026 was $6,423.5 Mil.
First Capital REIT's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $318.8 Mil.

* 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.


First Capital REIT EV-to-EBIT Related Terms


First Capital REIT EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for First Capital REIT's EV-to-EBIT 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.

First Capital REIT EV-to-EBIT Chart

First Capital REIT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.10 -3,072.82 489.94 19.72 17.58

First Capital REIT Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.53 19.27 17.58 17.46 20.56

FCXXF vs SPG, O, KIM: EV-to-EBIT Comparison

For the REIT - Retail subindustry, First Capital REIT's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.


First Capital REIT EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, First Capital REIT's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where First Capital REIT's EV-to-EBIT falls into.


FCXXF
70GF Score
First Capital REIT FCXXF
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Capital REIT EV-to-EBIT Calculation

First Capital REIT's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=6480.858/318.787
=20.33

First Capital REIT's current Enterprise Value is $6,480.9 Mil.
First Capital REIT's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $318.8 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-EBIT →
What does a EV-to-EBIT of 20.33 mean?
First Capital REIT (FCXXF) has a EV-to-EBIT of 20.33 as of Aug. 29, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on First Capital REIT and its competitors. This is 17% above median its historical median of 17.34. According to the industry distribution chart, First Capital REIT ranks #358 out of 651 companies in the REITs industry, placing it in the top 55%.
Is First Capital REIT's EV-to-EBIT too high?
First Capital REIT's current EV-to-EBIT of 20.33 is 17% above median its 10-year median of 17.34. The REITs industry median EV-to-EBIT is 18.18. First Capital REIT's value of 20.33 is 11.8% above this industry median. Based on the distribution chart, First Capital REIT ranks #358 out of 651 companies in the REITs industry, which is below the industry midpoint. Overall, First Capital REIT has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Capital REIT's EV-to-EBIT compare to SPG and O?
According to the REITs industry distribution chart, First Capital REIT ranks #358 out of 651 companies for EV-to-EBIT. This places First Capital REIT in the lower half of its industry. The industry median EV-to-EBIT is 18.18. First Capital REIT's value of 20.33 is 11.8% above this benchmark. While the company's 10-year median is 17.34 vs. the industry median of 18.18, First Capital REIT 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 EV-to-EBIT for a REITs company?
The median EV-to-EBIT among REITs companies is 18.18, based on 651 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Capital REIT's current EV-to-EBIT of 20.33 is 11.8% 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on First Capital REIT and its competitors. For the REITs industry, the median EV-to-EBIT is 18.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Capital REIT's current EV-to-EBIT is 20.33, which is 17% above median its own 10-year median of 17.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Capital REIT stock overvalued right now?
Based on GuruFocus' analysis, First Capital REIT (FCXXF) is currently considered Modestly Overvalued. The stock's GF Value™ is $13.28, compared to a current price of $16.38 — trading 23.3% above its estimated fair value. The current EV-to-EBIT is 20.33, which is 17% above median its 10-year median of 17.34 and 11.8% above the REITs industry median of 18.18. First Capital REIT's overall GF Score™ is 70/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For First Capital REIT (FCXXF), the current EV-to-EBIT is 20.33 as of Aug. 29, 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 First Capital REIT (FCXXF) Overvalued in 2026?

Based on GuruFocus' analysis, First Capital REIT stock appears to be overvalued. The current stock price of $16.38 is trading 23.3% above its estimated GF Value™ of $13.28. GuruFocus considers First Capital REIT to be Modestly Overvalued.

Key valuation signals for FCXXF:

  • EV-to-EBIT: 20.33 (17% above median its 10-year median of 17.34)
  • GF Value™: $13.28 vs. price of $16.38 (23.3% above fair value)
  • GF Score™: 70/100 with 7 warning signs
  • Industry Position: 11.8% above the REITs median (#358 of 651)

No single metric tells the full story. See the FCXXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Capital REIT Business Description

Industry Real EstateREITs
Other Exchanges Z0H:GermanyFCR.UN:Canada
Address 85 Hanna Avenue, Suite 400, King Liberty Village, Toronto, ON, CAN, M6K 3S3
First Capital REIT is a developer, owner and operator of grocery-anchored, open-air centres in neighbourhoods in Canada's populated centres. The company's focus is on creating thriving neighbourhoods that create value for businesses, residents, communities and investors.
70GF Score

Get the complete analysis for FCXXF

EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$16.38
Price
$13.28
GF Value