Marwest Apartment REIT (FRA:L2B) EV-to-EBITDA: 21.53 (As of Aug. 18, 2026) — 138% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

FRA:L2B Marwest Apartment REIT FRA:L2B
38 GF Score
Price €0.44
GF Value €0.45
! 6 Warning Signs
View Full Analysis

What is Marwest Apartment REIT EV-to-EBITDA?

Marwest Apartment REIT FRA:L2B -2.79% 38 EV-to-EBITDA is 21.53 as of Aug. 18, 2026, which is 138% above its 10-year median of 9.06. GuruFocus rates FRA:L2B with a GF Score™ of 38/100 and a GF Value™ of €0.45. The stock has 6 warning signs investors should review. Among 673 REITs companies, Marwest Apartment REIT ranks worse than 74.89% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Marwest Apartment REIT's enterprise value is €64.20 Mil. Marwest Apartment REIT's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €2.98 Mil. Therefore, Marwest Apartment REIT's EV-to-EBITDA for today is 21.53.

The historical rank and industry rank for Marwest Apartment REIT's EV-to-EBITDA or its related term are showing as below:

FRA:L2B' s EV-to-EBITDA Range Over the Past 10 Years
Min: -113.21   Med: 9.06   Max: 25.87
Current: 21.51

During the past 6 years, the highest EV-to-EBITDA of Marwest Apartment REIT was 25.87. The lowest was -113.21. And the median was 9.06.

FRA:L2B's EV-to-EBITDA is ranked worse than
74.89% of 673 companies
in the REITs industry
Industry Median: 15.33 vs FRA:L2B: 21.51

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.

As of today (2026-08-18), Marwest Apartment REIT's stock price is €0.4394. Marwest Apartment REIT's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was €0.107. Therefore, Marwest Apartment REIT's PE Ratio (TTM) for today is 4.11.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


Marwest Apartment REIT  (FRA:L2B) 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.

Marwest Apartment REIT's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=0.4394/0.107
=4.11

Marwest Apartment REIT's share price for today is €0.4394.
Marwest Apartment REIT'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 €0.107.

* 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).

Please read Which price ratio outperforms the enterprise multiple?


Marwest Apartment REIT EV-to-EBITDA Related Terms


Marwest Apartment REIT EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Marwest Apartment 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.

Marwest Apartment REIT EV-to-EBITDA Chart

Marwest Apartment REIT Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
Get a 7-Day Free Trial 6.82 19.77 9.05 6.72 25.75

Marwest Apartment REIT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-EBITDA 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 7.44 9.12 12.61 25.75 21.49

FRA:L2B vs AVB, EQR, ESS: EV-to-EBITDA Comparison

For the REIT - Residential subindustry, Marwest Apartment 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.


Marwest Apartment REIT EV-to-EBITDA vs REITs Industry

For the REITs industry and Real Estate sector, Marwest Apartment REIT's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Marwest Apartment REIT's EV-to-EBITDA falls into.


FRA:L2B
38GF Score
Marwest Apartment REIT FRA:L2B
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marwest Apartment REIT EV-to-EBITDA Calculation

Marwest Apartment REIT's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=64.195/2.982
=21.53

Marwest Apartment REIT's current Enterprise Value is €64.20 Mil.
Marwest Apartment REIT'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 €2.98 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-EBITDA →
What does a EV-to-EBITDA of 21.53 mean?
Marwest Apartment REIT (FRA:L2B) has a EV-to-EBITDA of 21.53 as of Aug. 18, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Marwest Apartment REIT. This is 138% above median its historical median of 9.06. According to the industry distribution chart, Marwest Apartment REIT ranks #504 out of 673 companies in the REITs industry, placing it in the top 74.9%.
Is Marwest Apartment REIT's EV-to-EBITDA too high?
Marwest Apartment REIT's current EV-to-EBITDA of 21.53 is 138% above median its 10-year median of 9.06. The REITs industry median EV-to-EBITDA is 15.33. Marwest Apartment REIT's value of 21.53 is 40.4% above this industry median. Based on the distribution chart, Marwest Apartment REIT ranks #504 out of 673 companies in the REITs industry, which is below the industry midpoint. Overall, Marwest Apartment REIT has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Marwest Apartment REIT's EV-to-EBITDA compare to AVB and EQR?
According to the REITs industry distribution chart, Marwest Apartment REIT ranks #504 out of 673 companies for EV-to-EBITDA. This places Marwest Apartment REIT in the lower half of its industry. The industry median EV-to-EBITDA is 15.33. Marwest Apartment REIT's value of 21.53 is 40.4% above this benchmark. While the company's 10-year median is 9.06 vs. the industry median of 15.33, Marwest Apartment 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 673 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. Marwest Apartment REIT's current EV-to-EBITDA of 21.53 is 40.4% 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 Marwest Apartment 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. Marwest Apartment REIT's current EV-to-EBITDA is 21.53, which is 138% above median its own 10-year median of 9.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marwest Apartment REIT stock overvalued right now?
Marwest Apartment REIT (FRA:L2B) has a current EV-to-EBITDA of 21.53. The stock's GF Value™ is €0.45, compared to a current price of €0.44 — trading 2.4% below its estimated fair value. The current EV-to-EBITDA is 21.53, which is 138% above median its 10-year median of 9.06 and 40.4% above the REITs industry median of 15.33. Marwest Apartment REIT's overall GF Score™ is 38/100 with 6 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 Marwest Apartment REIT (FRA:L2B), the current EV-to-EBITDA is 21.53 as of Aug. 18, 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 Marwest Apartment REIT (FRA:L2B) Overvalued in 2026?

Based on GuruFocus' analysis, Marwest Apartment REIT stock appears to be undervalued. The current stock price of €0.44 is trading 2.4% below its estimated GF Value™ of €0.45.

Key valuation signals for FRA:L2B:

  • EV-to-EBITDA: 21.53 (138% above median its 10-year median of 9.06)
  • GF Value™: €0.45 vs. price of €0.44 (2.4% below fair value)
  • GF Score™: 38/100 with 6 warning signs
  • Industry Position: 40.4% above the REITs median (#504 of 673)

No single metric tells the full story. See the FRA:L2B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Marwest Apartment REIT Business Description

Industry Real EstateREITs
Other Exchanges MAR.UN:Canada
Address 220 Portage Avenue, Suite 500, Winnipeg, MB, CAN, R3C 0A5
Marwest Apartment REIT is an open-ended real estate investment trust focused on acquiring and owning multi-family residential properties, in Western Canada. As a specialized REIT, it operates within this specific region and asset class to generate income through property rentals, offering investors exposure to the multi-family sector. Company's portfolio is comprised of four properties located in Winnipeg, Manitoba, being the Brio Property, the Kenwood Property, the Element Property, and the Prairie ViewPointe Property.
38GF Score

Get the complete analysis for FRA:L2B

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

€0.44
Price
€0.45
GF Value