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EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, First Industrial Realty Trust's enterprise value is $11,617.1 Mil.
First Industrial Realty Trust's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $633.2 Mil. Therefore, First Industrial Realty Trust's EV-to-EBITDA for today is 18.35.
The historical rank and industry rank for First Industrial Realty Trust's EV-to-EBITDA or its related term are showing as below:
FR'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 12.06 Med: 16.92 Max: 23.34
Current: 18.35
During the past 13 years, the highest EV-to-EBITDA of First Industrial Realty Trust was 23.34. The lowest was 12.06. And the median was 16.92.
FR's EV-to-EBITDA is ranked worse than 65.29% of 680
companies
in the REITs industry
Industry Median: 15.445
vs FR: 18.35
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).
First Industrial Realty Trust (NYSE:FR) 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 Industrial Realty Trust's PE Ratio (TTM) for today is calculated as:
First Industrial Realty Trust's share price for today is $67.71.
First Industrial Realty Trust's Earnings per Share (Diluted) 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 $2.580.
* 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).
* 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 - Industrial subindustry, First Industrial Realty Trust'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 Industrial Realty Trust EV-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, First Industrial Realty Trust's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where First Industrial Realty Trust's EV-to-EBITDA falls into.
First Industrial Realty Trust's current Enterprise Value is $11,617.1 Mil.
First Industrial Realty Trust's EBITDA 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 $633.2 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 Industrial Realty Trust (FR) has a EV-to-EBITDA of 18.35 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 First Industrial Realty Trust. This is near median its historical median of 16.92. Over the past decade, First Industrial Realty Trust's EV-to-EBITDA has ranged from 12.06 to 23.34. According to the industry distribution chart, First Industrial Realty Trust ranks #444 out of 680 companies in the REITs industry, placing it in the top 65.3%.
Is First Industrial Realty Trust's EV-to-EBITDA too high?
First Industrial Realty Trust's current EV-to-EBITDA of 18.35 is near median its 10-year median of 16.92. Over the past 10 years, this metric has ranged from a low of 12.06 to a high of 23.34. The REITs industry median EV-to-EBITDA is 15.45. First Industrial Realty Trust's value of 18.35 is 18.8% above this industry median. Based on the distribution chart, First Industrial Realty Trust ranks #444 out of 680 companies in the REITs industry, which is below the industry midpoint. Overall, First Industrial Realty Trust has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does First Industrial Realty Trust's EV-to-EBITDA compare to REXR and STAG?
According to the REITs industry distribution chart, First Industrial Realty Trust ranks #444 out of 680 companies for EV-to-EBITDA. This places First Industrial Realty Trust in the lower half of its industry. The industry median EV-to-EBITDA is 15.45. First Industrial Realty Trust's value of 18.35 is 18.8% above this benchmark. Historically, First Industrial Realty Trust's own EV-to-EBITDA has ranged from 12.06 to 23.34 over the past decade. While the company's 10-year median is 16.92 vs. the industry median of 15.45, First Industrial Realty Trust 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 15.45, 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. First Industrial Realty Trust's current EV-to-EBITDA of 18.35 is 18.8% 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 Industrial Realty Trust. 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. First Industrial Realty Trust's current EV-to-EBITDA is 18.35, which is near median its own 10-year median of 16.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Industrial Realty Trust stock overvalued right now?
Based on GuruFocus' analysis, First Industrial Realty Trust (FR) is currently considered Fairly Valued. The stock's GF Value™ is $62.30, compared to a current price of $67.71 — trading 8.7% above its estimated fair value. The current EV-to-EBITDA is 18.35, which is near median its 10-year median of 16.92 and 18.8% above the REITs industry median of 15.45. First Industrial Realty Trust's overall GF Score™ is 88/100 with 8 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 Industrial Realty Trust (FR), the current EV-to-EBITDA is 18.35 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 First Industrial Realty Trust (FR) Overvalued in 2026?
Based on GuruFocus' analysis, First Industrial Realty Trust stock appears to be overvalued.
The current stock price of $67.71 is trading 8.7% above its estimated GF Value™ of $62.30.
GuruFocus considers First Industrial Realty Trust to be Fairly Valued.
Key valuation signals for FR:
EV-to-EBITDA: 18.35 (near median its 10-year median of 16.92)
GF Value™: $62.30 vs. price of $67.71 (8.7% above fair value)
Industry Position: 18.8% above the REITs median (#444 of 680)
No single metric tells the full story. See the FR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Industrial Realty Trust Business Description
First Industrial Realty Trust Inc is a real estate investment trust that owns, manages, acquires, sells, develops, and redevelops industrial real estate. Through its fully integrated operating and investing platform, the company provides facilities and customer service to multinational corporations and regional firms that are essential for their supply chains. The company serves a diverse tenant base across various sectors, including e-commerce, logistics, transportation, manufacturing, retail, consumer services, food and beverage, building materials, wholesale goods, health services, and government.
88GF 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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