SAFE (Safehold) EV-to-EBIT: 17.93 (As of Jul. 17, 2026) — 48% Below Median

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SAFE Safehold Inc SAFE
84 GF Score
Price $17.34
GF Value $20.67
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Safehold EV-to-EBIT?

Safehold SAFE +0.99% 84 EV-to-EBIT is 17.93 as of Jul. 17, 2026, which is 48% below its 10-year median of 34.39. GuruFocus rates SAFE with a GF Score™ of 84/100 and a GF Value™ of $20.67 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 667 REITs companies, Safehold ranks better than 50.52% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Safehold's Enterprise Value is $5,857.2 Mil. Safehold's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $326.6 Mil. Therefore, Safehold's EV-to-EBIT for today is 17.93.

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

SAFE' s EV-to-EBIT Range Over the Past 10 Years
Min: 16.81   Med: 34.39   Max: 65.58
Current: 17.93

During the past 11 years, the highest EV-to-EBIT of Safehold was 65.58. The lowest was 16.81. And the median was 34.39.

SAFE's EV-to-EBIT is ranked better than
50.52% of 667 companies
in the REITs industry
Industry Median: 18.2 vs SAFE: 17.93

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Safehold's Enterprise Value for the quarter that ended in Mar. 2026 was $5,587.2 Mil. Safehold's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $326.6 Mil. Safehold's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.85%.


Safehold  (NYSE:SAFE) 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) %.

Safehold's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Mar. 2026 ) =EBIT / Enterprise Value (Q: Mar. 2026 )
=326.627/5587.2176
=5.85 %

Safehold's Enterprise Value for the quarter that ended in Mar. 2026 was $5,587.2 Mil.
Safehold's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $326.6 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.


Safehold EV-to-EBIT Related Terms


Safehold EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Safehold'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.

Safehold EV-to-EBIT Chart

Safehold 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 47.02 19.42 44.23 18.05 16.91

Safehold Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 18.14 17.72 17.30 16.91 17.11

SAFE vs ESRT, JBGS, AAT: EV-to-EBIT Comparison

For the REIT - Diversified subindustry, Safehold'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.


Safehold EV-to-EBIT vs REITs Industry

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

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


SAFE
84GF Score
Safehold Inc SAFE
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Safehold EV-to-EBIT Calculation

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

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=5857.211/326.627
=17.93

Safehold's current Enterprise Value is $5,857.2 Mil.
Safehold's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $326.6 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 17.93 mean?
Safehold (SAFE) has a EV-to-EBIT of 17.93 as of Jul. 17, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Safehold and its competitors. This is 48% below median its historical median of 34.39. Over the past decade, Safehold's EV-to-EBIT has ranged from 16.81 to 65.58. According to the industry distribution chart, Safehold ranks #330 out of 667 companies in the REITs industry, placing it in the top 49.5%.
Is Safehold's EV-to-EBIT too high?
Safehold's current EV-to-EBIT of 17.93 is 48% below median its 10-year median of 34.39. Over the past 10 years, this metric has ranged from a low of 16.81 to a high of 65.58. The REITs industry median EV-to-EBIT is 18.20. Safehold's value of 17.93 is 1.5% below this industry median. Based on the distribution chart, Safehold ranks #330 out of 667 companies in the REITs industry, which is above the industry midpoint. Overall, Safehold has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Safehold's EV-to-EBIT compare to ESRT and JBGS?
According to the REITs industry distribution chart, Safehold ranks #330 out of 667 companies for EV-to-EBIT. This puts Safehold in the upper half of its industry. The industry median EV-to-EBIT is 18.20. Safehold's value of 17.93 is 1.5% below this benchmark. Historically, Safehold's own EV-to-EBIT has ranged from 16.81 to 65.58 over the past decade. While the company's 10-year median is 34.39 vs. the industry median of 18.20, Safehold 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 18.20, based on 667 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. Safehold's current EV-to-EBIT of 17.93 is 1.5% 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 Safehold and its competitors. For the REITs industry, the median EV-to-EBIT is 18.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Safehold's current EV-to-EBIT is 17.93, which is 48% below median its own 10-year median of 34.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Safehold stock overvalued right now?
Based on GuruFocus' analysis, Safehold (SAFE) is currently considered Modestly Undervalued. The stock's GF Value™ is $20.67, compared to a current price of $17.34 — trading 16.1% below its estimated fair value. The current EV-to-EBIT is 17.93, which is 48% below median its 10-year median of 34.39 and 1.5% below the REITs industry median of 18.20. Safehold's overall GF Score™ is 84/100 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 Safehold (SAFE), the current EV-to-EBIT is 17.93 as of Jul. 17, 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 Safehold (SAFE) Overvalued in 2026?

Based on GuruFocus' analysis, Safehold stock appears to be undervalued. The current stock price of $17.34 is trading 16.1% below its estimated GF Value™ of $20.67. GuruFocus considers Safehold to be Modestly Undervalued.

Key valuation signals for SAFE:

  • EV-to-EBIT: 17.93 (48% below median its 10-year median of 34.39)
  • GF Value™: $20.67 vs. price of $17.34 (16.1% below fair value)
  • GF Score™: 84/100 with 7 warning signs
  • Industry Position: 1.5% below the REITs median (#330 of 667)

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


Safehold Business Description

Industry Real EstateREITs
Other Exchanges J0W:Germany
Address 1114 Avenue of the Americas, 39th Floor, New York, NY, USA, 10036
Safehold Inc is a REIT that operates its business by acquiring, managing, and capitalizing ground leases. Ground leases are long-term contracts between the landlord (the Company) and a tenant or leaseholder. Ground leases generally represent ownership of the land underlying commercial real estate projects that are net leased by the fee owner of the land to the owners/operators of the real estate projects built thereon.
84GF Score

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

$17.34
Price
$20.67
GF Value