Primaris REITPMREF 82 EV-to-EBITDA is 15.25 as of Jul. 05, 2026, which is 18% below its 10-year median of 18.55. GuruFocus rates PMREF with a GF Score™ of 82/100 and a GF Value™ of $12.48 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 686 REITs companies, Primaris REIT ranks worse than 51.75% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Primaris REIT's enterprise value is $3,391.0 Mil.
Primaris REIT's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $222.4 Mil. Therefore, Primaris REIT's EV-to-EBITDA for today is 15.25.
The historical rank and industry rank for Primaris REIT's EV-to-EBITDA or its related term are showing as below:
PMREF'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 6.17 Med: 18.55 Max: 116.43
Current: 15.64
During the past 13 years, the highest EV-to-EBITDA of Primaris REIT was 116.43. The lowest was 6.17. And the median was 18.55.
PMREF's EV-to-EBITDA is ranked worse than 51.75% of 686
companies
in the REITs industry
Industry Median: 15.355
vs PMREF: 15.64
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.
Primaris REIT's PE Ratio (TTM) for today is calculated as:
Primaris REIT's share price for today is $14.75.
Primaris 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 $1.252.
* 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 Primaris 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, Primaris 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.
Primaris REIT EV-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, Primaris REIT's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Primaris REIT's EV-to-EBITDA falls into.
Primaris REIT's current Enterprise Value is $3,391.0 Mil.
Primaris 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 $222.4 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.
Primaris REIT (PMREF) has a EV-to-EBITDA of 15.25 as of Jul. 05, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Primaris REIT. This is 18% below median its historical median of 18.55. Over the past decade, Primaris REIT's EV-to-EBITDA has ranged from 6.17 to 116.43. According to the industry distribution chart, Primaris REIT ranks #355 out of 686 companies in the REITs industry, placing it in the top 51.7%.
Is Primaris REIT's EV-to-EBITDA too high?
Primaris REIT's current EV-to-EBITDA of 15.25 is 18% below median its 10-year median of 18.55. Over the past 10 years, this metric has ranged from a low of 6.17 to a high of 116.43. The REITs industry median EV-to-EBITDA is 15.36. Primaris REIT's value of 15.25 is 0.7% below this industry median. Based on the distribution chart, Primaris REIT ranks #355 out of 686 companies in the REITs industry, which is below the industry midpoint. Overall, Primaris REIT has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Primaris REIT's EV-to-EBITDA compare to SPG and O?
According to the REITs industry distribution chart, Primaris REIT ranks #355 out of 686 companies for EV-to-EBITDA. This places Primaris REIT in the lower half of its industry. The industry median EV-to-EBITDA is 15.36. Primaris REIT's value of 15.25 is 0.7% below this benchmark. Historically, Primaris REIT's own EV-to-EBITDA has ranged from 6.17 to 116.43 over the past decade. While the company's 10-year median is 18.55 vs. the industry median of 15.36, Primaris REIT 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 15.36, based on 686 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. Primaris REIT's current EV-to-EBITDA of 15.25 is 0.7% 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 Primaris REIT. For the REITs industry, the median EV-to-EBITDA is 15.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Primaris REIT's current EV-to-EBITDA is 15.25, which is 18% below median its own 10-year median of 18.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Primaris REIT stock overvalued right now?
Based on GuruFocus' analysis, Primaris REIT (PMREF) is currently considered Modestly Overvalued. The stock's GF Value™ is $12.48, compared to a current price of $14.75 — trading 18.2% above its estimated fair value. The current EV-to-EBITDA is 15.25, which is 18% below median its 10-year median of 18.55 and 0.7% below the REITs industry median of 15.36. Primaris REIT's overall GF Score™ is 82/100 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 Primaris REIT (PMREF), the current EV-to-EBITDA is 15.25 as of Jul. 05, 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 Primaris REIT (PMREF) Overvalued in 2026?
Based on GuruFocus' analysis, Primaris REIT stock appears to be overvalued.
The current stock price of $14.75 is trading 18.2% above its estimated GF Value™ of $12.48.
GuruFocus considers Primaris REIT to be Modestly Overvalued.
Key valuation signals for PMREF:
EV-to-EBITDA: 15.25 (18% below median its 10-year median of 18.55)
GF Value™: $12.48 vs. price of $14.75 (18.2% above fair value)
Industry Position: 0.7% below the REITs median (#355 of 686)
No single metric tells the full story. See the PMREF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Primaris REIT is an unincorporated, open-ended real estate investment trust. Through its subsidiaries, it owns, develops, and operates a national retail portfolio focused on enclosed shopping centres located in secondary Canadian markets. Its property portfolio includes: Dufferin Mall, Cataraqui Centre, Stone Road Mall, Orchard Park, Kildonan Place, Halifax Shopping Centre, Marlborough Mall, and Devonshire Mall. The company generates a majority of its revenue from the Rent receivables.
82GF Score
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