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.
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.
Arena REITASX:ARF -0.94%86 EV-to-EBITDA is 11.21 as of Jul. 23, 2026, which is 15% below its 10-year median of 13.26. GuruFocus rates ASX:ARF with a GF Score™ of 86/100 and a GF Value™ of A$3.55 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 680 REITs companies, Arena REIT ranks better than 73.68% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Arena REIT's enterprise value is A$1,912.9 Mil.
Arena REIT's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was A$170.6 Mil. Therefore, Arena REIT's EV-to-EBITDA for today is 11.21.
The historical rank and industry rank for Arena REIT's EV-to-EBITDA or its related term are showing as below:
ASX:ARF'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 4.76 Med: 13.26 Max: 28.48
Current: 11.21
During the past 13 years, the highest EV-to-EBITDA of Arena REIT was 28.48. The lowest was 4.76. And the median was 13.26.
ASX:ARF's EV-to-EBITDA is ranked better than 73.68% of 680
companies
in the REITs industry
Industry Median: 15.445
vs ASX:ARF: 11.21
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
Arena REIT (ASX:ARF) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Arena REIT's share price for today is A$3.17.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Arena REIT's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.385.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Arena REIT's EV-to-EBITDA 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.
ASX:ARF vs EQIX, AMT, DLR: EV-to-EBITDA Comparison
For the REIT - Specialty subindustry, Arena REIT's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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.
Arena REIT EV-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, Arena REIT's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Arena REIT's EV-to-EBITDA falls into.
Arena REIT's current Enterprise Value is A$1,912.9 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Arena REIT's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was A$170.6 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.
Arena REIT (ASX:ARF) has a EV-to-EBITDA of 11.21 as of Jul. 23, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Arena REIT. This is 15% below median its historical median of 13.26. Over the past decade, Arena REIT's EV-to-EBITDA has ranged from 4.76 to 28.48. According to the industry distribution chart, Arena REIT ranks #179 out of 680 companies in the REITs industry, placing it in the top 26.3%.
Is Arena REIT's EV-to-EBITDA too high?
Arena REIT's current EV-to-EBITDA of 11.21 is 15% below median its 10-year median of 13.26. Over the past 10 years, this metric has ranged from a low of 4.76 to a high of 28.48. The REITs industry median EV-to-EBITDA is 15.45. Arena REIT's value of 11.21 is 27.4% below this industry median. Based on the distribution chart, Arena REIT ranks #179 out of 680 companies in the REITs industry, which is above the industry midpoint. Overall, Arena REIT has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Arena REIT's EV-to-EBITDA compare to EQIX and AMT?
According to the REITs industry distribution chart, Arena REIT ranks #179 out of 680 companies for EV-to-EBITDA. This puts Arena REIT in the upper half of its industry. The industry median EV-to-EBITDA is 15.45. Arena REIT's value of 11.21 is 27.4% below this benchmark. Historically, Arena REIT's own EV-to-EBITDA has ranged from 4.76 to 28.48 over the past decade. While the company's 10-year median is 13.26 vs. the industry median of 15.45, Arena 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-EBITDA for a REITs company?
The median EV-to-EBITDA among REITs companies is 15.45, based on 680 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Arena REIT's current EV-to-EBITDA of 11.21 is 27.4% 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-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Arena REIT. For the REITs industry, the median EV-to-EBITDA is 15.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arena REIT's current EV-to-EBITDA is 11.21, which is 15% below median its own 10-year median of 13.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arena REIT stock overvalued right now?
Based on GuruFocus' analysis, Arena REIT (ASX:ARF) is currently considered Modestly Undervalued. The stock's GF Value™ is A$3.55, compared to a current price of A$3.17 — trading 10.7% below its estimated fair value. The current EV-to-EBITDA is 11.21, which is 15% below median its 10-year median of 13.26 and 27.4% below the REITs industry median of 15.45. Arena REIT's overall GF Score™ is 86/100 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-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Arena REIT (ASX:ARF), the current EV-to-EBITDA is 11.21 as of Jul. 23, 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 Arena REIT (ASX:ARF) Overvalued in 2026?
Based on GuruFocus' analysis, Arena REIT stock appears to be undervalued.
The current stock price of A$3.17 is trading 10.7% below its estimated GF Value™ of A$3.55.
GuruFocus considers Arena REIT to be Modestly Undervalued.
Key valuation signals for ASX:ARF:
EV-to-EBITDA: 11.21 (15% below median its 10-year median of 13.26)
GF Value™: A$3.55 vs. price of A$3.17 (10.7% below fair value)
Industry Position: 27.4% below the REITs median (#179 of 680)
No single metric tells the full story. See the ASX:ARF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Arena REIT is an internally managed Australian property trust. The REIT specializes in leasing social infrastructure properties, with close to 300 childcare centers and about a dozen healthcare facilities in its portfolio. Typically, tenants enter into long-term leases with inflation-linked or fixed rental escalations every year. All leases are "triple net," meaning tenants pay for all statutory and operating outgoings and costs, such as land tax, insurance, electricity, and maintenance. The tenant profile is concentrated—almost three quarters of rents are generated from the top five tenants. Arena actively grows its property book through acquisitions and developments, and historically added on average 10 sites, net of divestments, per year.
86GF Score
Get the complete analysis for ASX:ARF
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:ARF has been successfully added to your 
