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NNN REITHAM:CZ2 +0.07%83 EV-to-EBITDA is 16.51 as of Jul. 24, 2026, which is 3% below its 10-year median of 17.00. GuruFocus rates HAM:CZ2 with a GF Score™ of 83/100 and a GF Value™ of €39.76 (Fairly Valued). The stock has 9 warning signs investors should review. Among 680 REITs companies, NNN REIT ranks worse than 54.41% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, NNN REIT's enterprise value is €12,359.3 Mil.
NNN REIT's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €748.5 Mil. Therefore, NNN REIT's EV-to-EBITDA for today is 16.51.
The historical rank and industry rank for NNN REIT's EV-to-EBITDA or its related term are showing as below:
HAM:CZ2'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 13.12 Med: 17 Max: 23.31
Current: 16.19
During the past 13 years, the highest EV-to-EBITDA of NNN REIT was 23.31. The lowest was 13.12. And the median was 17.00.
HAM:CZ2's EV-to-EBITDA is ranked worse than 54.41% of 680
companies
in the REITs industry
Industry Median: 15.385
vs HAM:CZ2: 16.19
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).
NNN REIT (HAM:CZ2) 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.
NNN REIT's share price for today is €43.00.
NNN 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 €1.771.
* 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 NNN 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, NNN 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.
NNN REIT EV-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, NNN REIT's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where NNN REIT's EV-to-EBITDA falls into.
NNN REIT's current Enterprise Value is €12,359.3 Mil.
NNN 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 €748.5 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.
NNN REIT (HAM:CZ2) has a EV-to-EBITDA of 16.51 as of Jul. 24, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on NNN REIT. This is near median its historical median of 17.00. Over the past decade, NNN REIT's EV-to-EBITDA has ranged from 13.12 to 23.31. According to the industry distribution chart, NNN REIT ranks #370 out of 680 companies in the REITs industry, placing it in the top 54.4%.
Is NNN REIT's EV-to-EBITDA too high?
NNN REIT's current EV-to-EBITDA of 16.51 is near median its 10-year median of 17.00. Over the past 10 years, this metric has ranged from a low of 13.12 to a high of 23.31. The REITs industry median EV-to-EBITDA is 15.39. NNN REIT's value of 16.51 is 7.3% above this industry median. Based on the distribution chart, NNN REIT ranks #370 out of 680 companies in the REITs industry, which is below the industry midpoint. Overall, NNN REIT has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NNN REIT's EV-to-EBITDA compare to ADC and BRX?
According to the REITs industry distribution chart, NNN REIT ranks #370 out of 680 companies for EV-to-EBITDA. This places NNN REIT in the lower half of its industry. The industry median EV-to-EBITDA is 15.39. NNN REIT's value of 16.51 is 7.3% above this benchmark. Historically, NNN REIT's own EV-to-EBITDA has ranged from 13.12 to 23.31 over the past decade. While the company's 10-year median is 17.00 vs. the industry median of 15.39, NNN 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 15.39, 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. NNN REIT's current EV-to-EBITDA of 16.51 is 7.3% 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 NNN REIT. For the REITs industry, the median EV-to-EBITDA is 15.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NNN REIT's current EV-to-EBITDA is 16.51, which is near median its own 10-year median of 17.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NNN REIT stock overvalued right now?
Based on GuruFocus' analysis, NNN REIT (HAM:CZ2) is currently considered Fairly Valued. The stock's GF Value™ is €39.76, compared to a current price of €43.00 — trading 8.1% above its estimated fair value. The current EV-to-EBITDA is 16.51, which is near median its 10-year median of 17.00 and 7.3% above the REITs industry median of 15.39. NNN REIT's overall GF Score™ is 83/100 with 9 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 NNN REIT (HAM:CZ2), the current EV-to-EBITDA is 16.51 as of Jul. 24, 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 NNN REIT (HAM:CZ2) Overvalued in 2026?
Based on GuruFocus' analysis, NNN REIT stock appears to be overvalued.
The current stock price of €43.00 is trading 8.1% above its estimated GF Value™ of €39.76.
GuruFocus considers NNN REIT to be Fairly Valued.
Key valuation signals for HAM:CZ2:
EV-to-EBITDA: 16.51 (near median its 10-year median of 17.00)
GF Value™: €39.76 vs. price of €43.00 (8.1% above fair value)
Industry Position: 7.3% above the REITs median (#370 of 680)
No single metric tells the full story. See the HAM:CZ2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NNN REIT Inc is a real estate investment trust that acquires, owns, invests in, and develops high-quality properties mainly leased under long-term net leases with minimal capital expenditure requirements. The company focuses mainly on retail properties, with a portfolio including convenience stores, automotive service properties, restaurants, theatres, entertainment venues, dealerships, and other retail-related assets. Primary business objectives emphasize retail properties, and it may invest in a wide variety of property and tenant types, leases, mortgages, loans secured by personal property, loans secured by partnership or membership interests, and securities of other REITs or other issuers.
83GF Score
Get the complete analysis for HAM:CZ2
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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