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First Capital REITFCXXF 70 EV-to-EBITDA is 20.22 as of Aug. 30, 2026, which is 12% above its 10-year median of 18.04. GuruFocus rates FCXXF with a GF Score™ of 70/100 and a GF Value™ of $12.97 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 671 REITs companies, First Capital REIT ranks worse than 71.09% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, First Capital REIT's enterprise value is $6,480.9 Mil.
First Capital REIT's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was $320.5 Mil. Therefore, First Capital REIT's EV-to-EBITDA for today is 20.22.
The historical rank and industry rank for First Capital REIT's EV-to-EBITDA or its related term are showing as below:
FCXXF'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -48.17 Med: 18.04 Max: 9223.4
Current: 20.27
During the past 13 years, the highest EV-to-EBITDA of First Capital REIT was 9223.40. The lowest was -48.17. And the median was 18.04.
FCXXF's EV-to-EBITDA is ranked worse than 71.09% of 671
companies
in the REITs industry
Industry Median: 15.33
vs FCXXF: 20.27
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.
First Capital REIT (OTCPK:FCXXF) 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.
First Capital REIT's PE Ratio (TTM) for today is calculated as:
First Capital REIT's share price for today is $16.38.
First Capital REIT's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.520.
* 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 First Capital 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.
For the REIT - Retail subindustry, First Capital 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.
First Capital REIT EV-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, First Capital REIT's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where First Capital REIT's EV-to-EBITDA falls into.
First Capital REIT's current Enterprise Value is $6,480.9 Mil.
First Capital REIT's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $320.5 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.
First Capital REIT (FCXXF) has a EV-to-EBITDA of 20.22 as of Aug. 30, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on First Capital REIT. This is 12% above median its historical median of 18.04. According to the industry distribution chart, First Capital REIT ranks #477 out of 671 companies in the REITs industry, placing it in the top 71.1%.
Is First Capital REIT's EV-to-EBITDA too high?
First Capital REIT's current EV-to-EBITDA of 20.22 is 12% above median its 10-year median of 18.04. The REITs industry median EV-to-EBITDA is 15.33. First Capital REIT's value of 20.22 is 31.9% above this industry median. Based on the distribution chart, First Capital REIT ranks #477 out of 671 companies in the REITs industry, which is below the industry midpoint. Overall, First Capital REIT has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Capital REIT's EV-to-EBITDA compare to SPG and O?
According to the REITs industry distribution chart, First Capital REIT ranks #477 out of 671 companies for EV-to-EBITDA. This places First Capital REIT in the lower half of its industry. The industry median EV-to-EBITDA is 15.33. First Capital REIT's value of 20.22 is 31.9% above this benchmark. While the company's 10-year median is 18.04 vs. the industry median of 15.33, First Capital REIT 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-EBITDA for a REITs company?
The median EV-to-EBITDA among REITs companies is 15.33, based on 671 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. First Capital REIT's current EV-to-EBITDA of 20.22 is 31.9% 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-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 First Capital REIT. For the REITs industry, the median EV-to-EBITDA is 15.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Capital REIT's current EV-to-EBITDA is 20.22, which is 12% above median its own 10-year median of 18.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Capital REIT stock overvalued right now?
Based on GuruFocus' analysis, First Capital REIT (FCXXF) is currently considered Modestly Overvalued. The stock's GF Value™ is $12.97, compared to a current price of $16.38 — trading 26.3% above its estimated fair value. The current EV-to-EBITDA is 20.22, which is 12% above median its 10-year median of 18.04 and 31.9% above the REITs industry median of 15.33. First Capital REIT's overall GF Score™ is 70/100 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-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For First Capital REIT (FCXXF), the current EV-to-EBITDA is 20.22 as of Aug. 30, 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 First Capital REIT (FCXXF) Overvalued in 2026?
Based on GuruFocus' analysis, First Capital REIT stock appears to be overvalued.
The current stock price of $16.38 is trading 26.3% above its estimated GF Value™ of $12.97.
GuruFocus considers First Capital REIT to be Modestly Overvalued.
Key valuation signals for FCXXF:
EV-to-EBITDA: 20.22 (12% above median its 10-year median of 18.04)
GF Value™: $12.97 vs. price of $16.38 (26.3% above fair value)
Industry Position: 31.9% above the REITs median (#477 of 671)
No single metric tells the full story. See the FCXXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Capital REIT is a developer, owner and operator of grocery-anchored, open-air centres in neighbourhoods in Canada's populated centres. The company's focus is on creating thriving neighbourhoods that create value for businesses, residents, communities and investors.
70GF Score
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EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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