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Vornado Realty TrustLTS:0LR2 +4.67%76 EV-to-EBITDA is 10.28 as of Jul. 30, 2026, which is 48% below its 10-year median of 19.87. GuruFocus rates LTS:0LR2 with a GF Score™ of 76/100 and a GF Value™ of $33.25 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 672 REITs companies, Vornado Realty Trust ranks better than 77.38% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Vornado Realty Trust's enterprise value is $16,851 Mil.
Vornado Realty Trust's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $1,639 Mil. Therefore, Vornado Realty Trust's EV-to-EBITDA for today is 10.28.
The historical rank and industry rank for Vornado Realty Trust's EV-to-EBITDA or its related term are showing as below:
LTS:0LR2'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 3.48 Med: 19.87 Max: 87.26
Current: 10.28
During the past 13 years, the highest EV-to-EBITDA of Vornado Realty Trust was 87.26. The lowest was 3.48. And the median was 19.87.
LTS:0LR2's EV-to-EBITDA is ranked better than 77.38% of 672
companies
in the REITs industry
Industry Median: 15.555
vs LTS:0LR2: 10.28
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.
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.
Vornado Realty Trust's PE Ratio (TTM) for today is calculated as:
Vornado Realty Trust's share price for today is $41.28.
Vornado 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 $3.640.
* 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 Vornado Realty Trust'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.
LTS:0LR2 vs ARE, CUZ, KRC: EV-to-EBITDA Comparison
For the REIT - Office subindustry, Vornado 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.
Vornado Realty Trust EV-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, Vornado Realty Trust's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Vornado Realty Trust's EV-to-EBITDA falls into.
Vornado Realty Trust's current Enterprise Value is $16,851 Mil.
Vornado 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 $1,639 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.
Vornado Realty Trust (LTS:0LR2) has a EV-to-EBITDA of 10.28 as of Jul. 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 Vornado Realty Trust. This is 48% below median its historical median of 19.87. Over the past decade, Vornado Realty Trust's EV-to-EBITDA has ranged from 3.48 to 87.26. According to the industry distribution chart, Vornado Realty Trust ranks #152 out of 672 companies in the REITs industry, placing it in the top 22.6%.
Is Vornado Realty Trust's EV-to-EBITDA too high?
Vornado Realty Trust's current EV-to-EBITDA of 10.28 is 48% below median its 10-year median of 19.87. Over the past 10 years, this metric has ranged from a low of 3.48 to a high of 87.26. The REITs industry median EV-to-EBITDA is 15.56. Vornado Realty Trust's value of 10.28 is 33.9% below this industry median. Based on the distribution chart, Vornado Realty Trust ranks #152 out of 672 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Vornado Realty Trust has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vornado Realty Trust's EV-to-EBITDA compare to ARE and CUZ?
According to the REITs industry distribution chart, Vornado Realty Trust ranks #152 out of 672 companies for EV-to-EBITDA. This places Vornado Realty Trust in the top 23% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 15.56. Vornado Realty Trust's value of 10.28 is 33.9% below this benchmark. Historically, Vornado Realty Trust's own EV-to-EBITDA has ranged from 3.48 to 87.26 over the past decade. While the company's 10-year median is 19.87 vs. the industry median of 15.56, Vornado Realty Trust 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 15.56, based on 672 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. Vornado Realty Trust's current EV-to-EBITDA of 10.28 is 33.9% 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 Vornado Realty Trust. For the REITs industry, the median EV-to-EBITDA is 15.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vornado Realty Trust's current EV-to-EBITDA is 10.28, which is 48% below median its own 10-year median of 19.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vornado Realty Trust stock overvalued right now?
Based on GuruFocus' analysis, Vornado Realty Trust (LTS:0LR2) is currently considered Modestly Overvalued. The stock's GF Value™ is $33.25, compared to a current price of $41.28 — trading 24.2% above its estimated fair value. The current EV-to-EBITDA is 10.28, which is 48% below median its 10-year median of 19.87 and 33.9% below the REITs industry median of 15.56. Vornado Realty Trust's overall GF Score™ is 76/100 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 Vornado Realty Trust (LTS:0LR2), the current EV-to-EBITDA is 10.28 as of Jul. 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 Vornado Realty Trust (LTS:0LR2) Overvalued in 2026?
Based on GuruFocus' analysis, Vornado Realty Trust stock appears to be overvalued.
The current stock price of $41.28 is trading 24.2% above its estimated GF Value™ of $33.25.
GuruFocus considers Vornado Realty Trust to be Modestly Overvalued.
Key valuation signals for LTS:0LR2:
EV-to-EBITDA: 10.28 (48% below median its 10-year median of 19.87)
GF Value™: $33.25 vs. price of $41.28 (24.2% above fair value)
Industry Position: 33.9% below the REITs median (#152 of 672)
No single metric tells the full story. See the LTS:0LR2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vornado Realty Trust is a fully integrated real estate investment trust with a portfolio of New York City office, retail, and multifamily assets, and the developer of the new Penn District. While concentrated in New York, the trust also owns assets in both Chicago and San Francisco. It generates revenue in the form of property rentals, fees charged for trade shows, parking revenues, management and leasing fees, etc. Vornado operates in the following reportable segments: New York (its key revenue-generating market) and Other.
76GF 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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