Bulgarian Real Estate Fund REIT (XBUL:BREF) EV-to-EBIT: 6.63 (As of Jul. 27, 2026) — 61% Below Median

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XBUL:BREF Bulgarian Real Estate Fund REIT XBUL:BREF
74 GF Score
Price €2.59
GF Value €15.95
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Bulgarian Real Estate Fund REIT EV-to-EBIT?

Bulgarian Real Estate Fund REIT XBUL:BREF +0.78% 74 EV-to-EBIT is 6.63 as of Jul. 27, 2026, which is 61% below its 10-year median of 16.82. GuruFocus rates XBUL:BREF with a GF Score™ of 74/100 and a GF Value™ of €15.95 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 659 REITs companies, Bulgarian Real Estate Fund REIT ranks better than 89.68% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Bulgarian Real Estate Fund REIT's Enterprise Value is €85.63 Mil. Bulgarian Real Estate Fund REIT's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €12.91 Mil. Therefore, Bulgarian Real Estate Fund REIT's EV-to-EBIT for today is 6.63.

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

XBUL:BREF' s EV-to-EBIT Range Over the Past 10 Years
Min: 6.05   Med: 16.82   Max: 62.78
Current: 6.63

During the past 13 years, the highest EV-to-EBIT of Bulgarian Real Estate Fund REIT was 62.78. The lowest was 6.05. And the median was 16.82.

XBUL:BREF's EV-to-EBIT is ranked better than
89.68% of 659 companies
in the REITs industry
Industry Median: 18.27 vs XBUL:BREF: 6.63

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Bulgarian Real Estate Fund REIT's Enterprise Value for the quarter that ended in Mar. 2026 was €79.69 Mil. Bulgarian Real Estate Fund REIT's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €12.91 Mil. Bulgarian Real Estate Fund REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.20%.


Bulgarian Real Estate Fund REIT  (XBUL:BREF) 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) %.

Bulgarian Real Estate Fund REIT'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 )
=12.907/79.6948
=16.20 %

Bulgarian Real Estate Fund REIT's Enterprise Value for the quarter that ended in Mar. 2026 was €79.69 Mil.
Bulgarian Real Estate Fund REIT'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 €12.91 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.


Bulgarian Real Estate Fund REIT EV-to-EBIT Related Terms


Bulgarian Real Estate Fund REIT EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Bulgarian Real Estate Fund 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.

Bulgarian Real Estate Fund REIT EV-to-EBIT Chart

Bulgarian Real Estate Fund REIT Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 38.89 11.82 10.98 13.08 14.11

Bulgarian Real Estate Fund REIT Quarterly Data
Mar21 Jun21 Sep21 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 13.71 15.81 15.96 14.11 6.17

XBUL:BREF vs VICI, WPC: EV-to-EBIT Comparison

For the REIT - Diversified subindustry, Bulgarian Real Estate Fund 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.


Bulgarian Real Estate Fund REIT EV-to-EBIT vs REITs Industry

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

* The bar in red indicates where Bulgarian Real Estate Fund REIT's EV-to-EBIT falls into.


XBUL:BREF
74GF Score
Bulgarian Real Estate Fund REIT XBUL:BREF
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bulgarian Real Estate Fund REIT EV-to-EBIT Calculation

Bulgarian Real Estate Fund REIT's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=85.625/12.907
=6.63

Bulgarian Real Estate Fund REIT's current Enterprise Value is €85.63 Mil.
Bulgarian Real Estate Fund REIT'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 €12.91 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 6.63 mean?
Bulgarian Real Estate Fund REIT (XBUL:BREF) has a EV-to-EBIT of 6.63 as of Jul. 27, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Bulgarian Real Estate Fund REIT and its competitors. This is 61% below median its historical median of 16.82. Over the past decade, Bulgarian Real Estate Fund REIT's EV-to-EBIT has ranged from 6.05 to 62.78. According to the industry distribution chart, Bulgarian Real Estate Fund REIT ranks #68 out of 659 companies in the REITs industry, placing it in the top 10.3%.
Is Bulgarian Real Estate Fund REIT's EV-to-EBIT too high?
Bulgarian Real Estate Fund REIT's current EV-to-EBIT of 6.63 is 61% below median its 10-year median of 16.82. Over the past 10 years, this metric has ranged from a low of 6.05 to a high of 62.78. The REITs industry median EV-to-EBIT is 18.27. Bulgarian Real Estate Fund REIT's value of 6.63 is 63.7% below this industry median. Based on the distribution chart, Bulgarian Real Estate Fund REIT ranks #68 out of 659 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 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bulgarian Real Estate Fund REIT's EV-to-EBIT compare to VICI and WPC?
According to the REITs industry distribution chart, Bulgarian Real Estate Fund REIT ranks #68 out of 659 companies for EV-to-EBIT. This places Bulgarian Real Estate Fund REIT in the top 10% of its industry — outperforming the majority of peers. The industry median EV-to-EBIT is 18.27. Bulgarian Real Estate Fund REIT's value of 6.63 is 63.7% below this benchmark. Historically, Bulgarian Real Estate Fund REIT's own EV-to-EBIT has ranged from 6.05 to 62.78 over the past decade. While the company's 10-year median is 16.82 vs. the industry median of 18.27, 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 EV-to-EBIT for a REITs company?
The median EV-to-EBIT among REITs companies is 18.27, based on 659 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. Bulgarian Real Estate Fund REIT's current EV-to-EBIT of 6.63 is 63.7% 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 Bulgarian Real Estate Fund REIT and its competitors. For the REITs industry, the median EV-to-EBIT is 18.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bulgarian Real Estate Fund REIT's current EV-to-EBIT is 6.63, which is 61% below median its own 10-year median of 16.82. 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 €15.95, compared to a current price of €2.59 — trading 83.8% below its estimated fair value. The current EV-to-EBIT is 6.63, which is 61% below median its 10-year median of 16.82 and 63.7% below the REITs industry median of 18.27. Bulgarian Real Estate Fund REIT's overall GF Score™ is 74/100 with 4 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 Bulgarian Real Estate Fund REIT (XBUL:BREF), the current EV-to-EBIT is 6.63 as of Jul. 27, 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 €2.59 is trading 83.8% below its estimated GF Value™ of €15.95. GuruFocus considers Bulgarian Real Estate Fund REIT to be Possible Value Trap.

Key valuation signals for XBUL:BREF:

  • EV-to-EBIT: 6.63 (61% below median its 10-year median of 16.82)
  • GF Value™: €15.95 vs. price of €2.59 (83.8% below fair value)
  • GF Score™: 74/100 with 4 warning signs
  • Industry Position: 63.7% below the REITs median (#68 of 659)

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

Industry Real EstateREITs
Address 111 R Tsarigradsko shose Boulevard, Floor 16, Sofia, BGR, 1784
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.
74GF Score

Get the complete analysis for XBUL:BREF

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

€2.59
Price
€15.95
GF Value