Deutsche Real Estate AG (FRA:DRE2) EV-to-EBIT: 19.65 (As of Aug. 13, 2026) — 299% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

FRA:DRE2 Deutsche Real Estate AG FRA:DRE2
57 GF Score
Price €12.50
GF Value €7.88
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Deutsche Real Estate AG EV-to-EBIT?

Deutsche Real Estate AG FRA:DRE2 +8.70% 57 EV-to-EBIT is 19.65 as of Aug. 13, 2026, which is 299% above its 10-year median of 4.93. GuruFocus rates FRA:DRE2 with a GF Score™ of 57/100 and a GF Value™ of €7.88 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,355 Real Estate companies, Deutsche Real Estate AG ranks worse than 67.53% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Deutsche Real Estate AG's Enterprise Value is €256.39 Mil. Deutsche Real Estate AG's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €13.05 Mil. Therefore, Deutsche Real Estate AG's EV-to-EBIT for today is 19.65.

The historical rank and industry rank for Deutsche Real Estate AG's EV-to-EBIT or its related term are showing as below:

FRA:DRE2' s EV-to-EBIT Range Over the Past 10 Years
Min: -14.24   Med: 4.93   Max: 23.99
Current: 19.65

During the past 13 years, the highest EV-to-EBIT of Deutsche Real Estate AG was 23.99. The lowest was -14.24. And the median was 4.93.

FRA:DRE2's EV-to-EBIT is ranked worse than
67.53% of 1355 companies
in the Real Estate industry
Industry Median: 13.36 vs FRA:DRE2: 19.65

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Deutsche Real Estate AG's Enterprise Value for the quarter that ended in Dec. 2025 was €172.00 Mil. Deutsche Real Estate AG's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €13.05 Mil. Deutsche Real Estate AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 7.59%.


Deutsche Real Estate AG  (FRA:DRE2) 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) %.

Deutsche Real Estate AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Dec. 2025 ) =EBIT / Enterprise Value (Q: Dec. 2025 )
=13.047/172.0028
=7.59 %

Deutsche Real Estate AG's Enterprise Value for the quarter that ended in Dec. 2025 was €172.00 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Deutsche Real Estate AG's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €13.05 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.


Deutsche Real Estate AG EV-to-EBIT Related Terms


Deutsche Real Estate AG EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Deutsche Real Estate AG'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.

Deutsche Real Estate AG EV-to-EBIT Chart

Deutsche Real Estate AG 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 10.87 -11.38 -3.35 18.02 13.18

Deutsche Real Estate AG Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 -3.35 0.00 18.02 0.00 13.18

FRA:DRE2 vs CBRE, BEKE, JLL: EV-to-EBIT Comparison

For the Real Estate Services subindustry, Deutsche Real Estate AG'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.


Deutsche Real Estate AG EV-to-EBIT vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Deutsche Real Estate AG's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Deutsche Real Estate AG's EV-to-EBIT falls into.


FRA:DRE2
57GF Score
Deutsche Real Estate AG FRA:DRE2
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Deutsche Real Estate AG EV-to-EBIT Calculation

Deutsche Real Estate AG's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=256.392/13.047
=19.65

Deutsche Real Estate AG's current Enterprise Value is €256.39 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Deutsche Real Estate AG's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €13.05 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 19.65 mean?
Deutsche Real Estate AG (FRA:DRE2) has a EV-to-EBIT of 19.65 as of Aug. 13, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Deutsche Real Estate AG and its competitors. This is 299% above median its historical median of 4.93. According to the industry distribution chart, Deutsche Real Estate AG ranks #915 out of 1355 companies in the Real Estate industry, placing it in the top 67.5%.
Is Deutsche Real Estate AG's EV-to-EBIT too high?
Deutsche Real Estate AG's current EV-to-EBIT of 19.65 is 299% above median its 10-year median of 4.93. The Real Estate industry median EV-to-EBIT is 13.36. Deutsche Real Estate AG's value of 19.65 is 47.1% above this industry median. Based on the distribution chart, Deutsche Real Estate AG ranks #915 out of 1355 companies in the Real Estate industry, which is below the industry midpoint. Overall, Deutsche Real Estate AG has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Deutsche Real Estate AG's EV-to-EBIT compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Deutsche Real Estate AG ranks #915 out of 1355 companies for EV-to-EBIT. This places Deutsche Real Estate AG in the lower half of its industry. The industry median EV-to-EBIT is 13.36. Deutsche Real Estate AG's value of 19.65 is 47.1% above this benchmark. While the company's 10-year median is 4.93 vs. the industry median of 13.36, Deutsche Real Estate AG 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 Real Estate company?
The median EV-to-EBIT among Real Estate companies is 13.36, based on 1,355 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. Deutsche Real Estate AG's current EV-to-EBIT of 19.65 is 47.1% 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 Deutsche Real Estate AG and its competitors. For the Real Estate industry, the median EV-to-EBIT is 13.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Deutsche Real Estate AG's current EV-to-EBIT is 19.65, which is 299% above median its own 10-year median of 4.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deutsche Real Estate AG stock overvalued right now?
Based on GuruFocus' analysis, Deutsche Real Estate AG (FRA:DRE2) is currently considered Significantly Overvalued. The stock's GF Value™ is €7.88, compared to a current price of €12.50 — trading 58.6% above its estimated fair value. The current EV-to-EBIT is 19.65, which is 299% above median its 10-year median of 4.93 and 47.1% above the Real Estate industry median of 13.36. Deutsche Real Estate AG's overall GF Score™ is 57/100 with 5 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 Deutsche Real Estate AG (FRA:DRE2), the current EV-to-EBIT is 19.65 as of Aug. 13, 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 Deutsche Real Estate AG (FRA:DRE2) Overvalued in 2026?

Based on GuruFocus' analysis, Deutsche Real Estate AG stock appears to be overvalued. The current stock price of €12.50 is trading 58.6% above its estimated GF Value™ of €7.88. GuruFocus considers Deutsche Real Estate AG to be Significantly Overvalued.

Key valuation signals for FRA:DRE2:

  • EV-to-EBIT: 19.65 (299% above median its 10-year median of 4.93)
  • GF Value™: €7.88 vs. price of €12.50 (58.6% above fair value)
  • GF Score™: 57/100 with 5 warning signs
  • Industry Position: 47.1% above the Real Estate median (#915 of 1355)

No single metric tells the full story. See the FRA:DRE2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Deutsche Real Estate AG Business Description

Other Exchanges DRE2:GermanyDRE2:Germany
Address Oudenarder Street 16, Berlin, DEU, 13347
Deutsche Real Estate AG is engaged in investing in building a portfolio with focus on office, logistics and retail properties in the growth regions of Germany.
57GF Score

Get the complete analysis for FRA:DRE2

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

€12.50
Price
€7.88
GF Value