Qrf (LTS:0QIP) EV-to-EBIT: 10.62 (As of Jul. 28, 2026) — 54% Below 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.

LTS:0QIP Qrf LTS:0QIP
71 GF Score
Price €10.30
GF Value €10.38
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Qrf EV-to-EBIT?

Qrf LTS:0QIP 71 EV-to-EBIT is 10.62 as of Jul. 28, 2026, which is 54% below its 10-year median of 22.96. GuruFocus rates LTS:0QIP with a GF Score™ of 71/100 and a GF Value™ of €10.38 (Fairly Valued). The stock has 7 warning signs investors should review. Among 658 REITs companies, Qrf ranks better than 78.57% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Qrf's Enterprise Value is €232.49 Mil. Qrf's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €21.90 Mil. Therefore, Qrf's EV-to-EBIT for today is 10.62.

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

LTS:0QIP' s EV-to-EBIT Range Over the Past 10 Years
Min: -47.11   Med: 22.96   Max: 87.24
Current: 10.62

During the past 13 years, the highest EV-to-EBIT of Qrf was 87.24. The lowest was -47.11. And the median was 22.96.

LTS:0QIP's EV-to-EBIT is ranked better than
78.57% of 658 companies
in the REITs industry
Industry Median: 18.25 vs LTS:0QIP: 10.62

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Qrf's Enterprise Value for the quarter that ended in Dec. 2025 was €232.50 Mil. Qrf's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €21.90 Mil. Qrf's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 9.42%.


Qrf  (LTS:0QIP) 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) %.

Qrf'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 )
=21.899/232.498
=9.42 %

Qrf's Enterprise Value for the quarter that ended in Dec. 2025 was €232.50 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Qrf's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €21.90 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.


Qrf EV-to-EBIT Related Terms


Qrf EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Qrf'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.

Qrf EV-to-EBIT Chart

Qrf 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 62.66 14.39 46.61 11.40 10.51

Qrf 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 46.61 0.00 11.40 0.00 10.51

LTS:0QIP vs SPG, O, KIM: EV-to-EBIT Comparison

For the REIT - Retail subindustry, Qrf'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.


Qrf EV-to-EBIT vs REITs Industry

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

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


LTS:0QIP
71GF Score
Qrf LTS:0QIP
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Qrf EV-to-EBIT Calculation

Qrf's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=232.493/21.899
=10.62

Qrf's current Enterprise Value is €232.49 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Qrf's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €21.90 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 10.62 mean?
Qrf (LTS:0QIP) has a EV-to-EBIT of 10.62 as of Jul. 28, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Qrf and its competitors. This is 54% below median its historical median of 22.96. According to the industry distribution chart, Qrf ranks #141 out of 658 companies in the REITs industry, placing it in the top 21.4%.
Is Qrf's EV-to-EBIT too high?
Qrf's current EV-to-EBIT of 10.62 is 54% below median its 10-year median of 22.96. The REITs industry median EV-to-EBIT is 18.25. Qrf's value of 10.62 is 41.8% below this industry median. Based on the distribution chart, Qrf ranks #141 out of 658 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Qrf has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Qrf's EV-to-EBIT compare to SPG and O?
According to the REITs industry distribution chart, Qrf ranks #141 out of 658 companies for EV-to-EBIT. This places Qrf in the top 21% of its industry — outperforming the majority of peers. The industry median EV-to-EBIT is 18.25. Qrf's value of 10.62 is 41.8% below this benchmark. While the company's 10-year median is 22.96 vs. the industry median of 18.25, Qrf 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 EV-to-EBIT for a REITs company?
The median EV-to-EBIT among REITs companies is 18.25, based on 658 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. Qrf's current EV-to-EBIT of 10.62 is 41.8% 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 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 Qrf and its competitors. For the REITs industry, the median EV-to-EBIT is 18.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qrf's current EV-to-EBIT is 10.62, which is 54% below median its own 10-year median of 22.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qrf stock overvalued right now?
Based on GuruFocus' analysis, Qrf (LTS:0QIP) is currently considered Fairly Valued. The stock's GF Value™ is €10.38, compared to a current price of €10.30 — trading 0.8% below its estimated fair value. The current EV-to-EBIT is 10.62, which is 54% below median its 10-year median of 22.96 and 41.8% below the REITs industry median of 18.25. Qrf's overall GF Score™ is 71/100 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 Qrf (LTS:0QIP), the current EV-to-EBIT is 10.62 as of Jul. 28, 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 Qrf (LTS:0QIP) Overvalued in 2026?

Based on GuruFocus' analysis, Qrf stock appears to be undervalued. The current stock price of €10.30 is trading 0.8% below its estimated GF Value™ of €10.38. GuruFocus considers Qrf to be Fairly Valued.

Key valuation signals for LTS:0QIP:

  • EV-to-EBIT: 10.62 (54% below median its 10-year median of 22.96)
  • GF Value™: €10.38 vs. price of €10.30 (0.8% below fair value)
  • GF Score™: 71/100 with 7 warning signs
  • Industry Position: 41.8% below the REITs median (#141 of 658)

No single metric tells the full story. See the LTS:0QIP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Qrf Business Description

Industry Real EstateREITs
Other Exchanges QRF:Belgium
Address Veldstraat 88A Bus 401, Ghent, BEL, 9000
Qrf is a Belgian public regulated real estate company (RREC or BE-REIT) that invests in inner-city real estate in Belgium and the Netherlands. The company focuses on the acquisition, redevelopment, and leasing of commercial real estate focused on retail, leisure, and hospitality. Its segments include Belgium and the Netherlands, of which the majority of the revenue is derived from Belgium.
71GF Score

Get the complete analysis for LTS:0QIP

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

€10.30
Price
€10.38
GF Value