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Merlin Properties SOCIMIMPTYY 58 EV-to-EBITDA is 13.30 as of Jul. 14, 2026, which is 16% below its 10-year median of 15.81. GuruFocus rates MPTYY with a GF Score™ of 58/100 and a GF Value™ of $25.94 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 685 REITs companies, Merlin Properties SOCIMI ranks better than 63.36% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Merlin Properties SOCIMI's enterprise value is $14,792.3 Mil.
Merlin Properties SOCIMI's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $1,112.4 Mil. Therefore, Merlin Properties SOCIMI's EV-to-EBITDA for today is 13.30.
The historical rank and industry rank for Merlin Properties SOCIMI's EV-to-EBITDA or its related term are showing as below:
MPTYY'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -46.44 Med: 15.81 Max: 1227.36
Current: 13.42
During the past 13 years, the highest EV-to-EBITDA of Merlin Properties SOCIMI was 1227.36. The lowest was -46.44. And the median was 15.81.
MPTYY's EV-to-EBITDA is ranked better than 63.36% of 685
companies
in the REITs industry
Industry Median: 15.4
vs MPTYY: 13.42
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.
Merlin Properties SOCIMI's PE Ratio (TTM) for today is calculated as:
Merlin Properties SOCIMI's share price for today is $34.711.
Merlin Properties SOCIMI'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 $3.179.
* 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 - Office subindustry, Merlin Properties SOCIMI'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.
Merlin Properties SOCIMI EV-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, Merlin Properties SOCIMI's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Merlin Properties SOCIMI's EV-to-EBITDA falls into.
Merlin Properties SOCIMI's current Enterprise Value is $14,792.3 Mil.
Merlin Properties SOCIMI'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 $1,112.4 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.
Merlin Properties SOCIMI (MPTYY) has a EV-to-EBITDA of 13.30 as of Jul. 14, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Merlin Properties SOCIMI. This is 16% below median its historical median of 15.81. According to the industry distribution chart, Merlin Properties SOCIMI ranks #251 out of 685 companies in the REITs industry, placing it in the top 36.6%.
Is Merlin Properties SOCIMI's EV-to-EBITDA too high?
Merlin Properties SOCIMI's current EV-to-EBITDA of 13.30 is 16% below median its 10-year median of 15.81. The REITs industry median EV-to-EBITDA is 15.40. Merlin Properties SOCIMI's value of 13.30 is 13.6% below this industry median. Based on the distribution chart, Merlin Properties SOCIMI ranks #251 out of 685 companies in the REITs industry, which is above the industry midpoint. Overall, Merlin Properties SOCIMI has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Merlin Properties SOCIMI's EV-to-EBITDA compare to BXP and ARE?
According to the REITs industry distribution chart, Merlin Properties SOCIMI ranks #251 out of 685 companies for EV-to-EBITDA. This puts Merlin Properties SOCIMI in the upper half of its industry. The industry median EV-to-EBITDA is 15.40. Merlin Properties SOCIMI's value of 13.30 is 13.6% below this benchmark. While the company's 10-year median is 15.81 vs. the industry median of 15.40, Merlin Properties SOCIMI 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 15.40, based on 685 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. Merlin Properties SOCIMI's current EV-to-EBITDA of 13.30 is 13.6% 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 Merlin Properties SOCIMI. For the REITs industry, the median EV-to-EBITDA is 15.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merlin Properties SOCIMI's current EV-to-EBITDA is 13.30, which is 16% below median its own 10-year median of 15.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merlin Properties SOCIMI stock overvalued right now?
Based on GuruFocus' analysis, Merlin Properties SOCIMI (MPTYY) is currently considered Significantly Overvalued. The stock's GF Value™ is $25.94, compared to a current price of $34.71 — trading 33.8% above its estimated fair value. The current EV-to-EBITDA is 13.30, which is 16% below median its 10-year median of 15.81 and 13.6% below the REITs industry median of 15.40. Merlin Properties SOCIMI's overall GF Score™ is 58/100 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 Merlin Properties SOCIMI (MPTYY), the current EV-to-EBITDA is 13.30 as of Jul. 14, 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 Merlin Properties SOCIMI (MPTYY) Overvalued in 2026?
Based on GuruFocus' analysis, Merlin Properties SOCIMI stock appears to be overvalued.
The current stock price of $34.71 is trading 33.8% above its estimated GF Value™ of $25.94.
GuruFocus considers Merlin Properties SOCIMI to be Significantly Overvalued.
Key valuation signals for MPTYY:
EV-to-EBITDA: 13.30 (16% below median its 10-year median of 15.81)
GF Value™: $25.94 vs. price of $34.71 (33.8% above fair value)
Industry Position: 13.6% below the REITs median (#251 of 685)
No single metric tells the full story. See the MPTYY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merlin Properties is Spain's largest listed SOCIMI/REIT, managing a EUR 12.6 billion portfolio across offices, logistics, shopping centers, and data centers. Over the coming years, it will bring 730 MW of data center capacity online, increasing its gross rental income contribution from just 6% in 2025 to 65% by 2032. Its total GRI will more than triple to EUR 1.8 billion, driven by this "Mega" plan. Additionally, it has a pipeline of 4.4 GW worth of land at varying stages of readiness it can develop.
58GF Score
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