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American Assets TrustAAT -0.55%71 EV-to-OCF is 17.23 as of Aug. 11, 2026, which is 24% below its 10-year median of 22.56. GuruFocus rates AAT with a GF Score™ of 71/100 and a GF Value™ of $20.93 (Fairly Valued). The stock has 8 warning signs investors should review. Among 936 REITs companies, American Assets Trust ranks better than 52.99% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, American Assets Trust's Enterprise Value is $2,903.5 Mil.
American Assets Trust's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $168.6 Mil. Therefore, American Assets Trust's EV-to-OCF for today is 17.23.
The historical rank and industry rank for American Assets Trust's EV-to-OCF or its related term are showing as below:
AAT'
s EV-to-OCF Range Over the Past 10 Years
Min: 14.91 Med: 22.56 Max: 35.72
Current: 17.23
During the past 13 years, the highest EV-to-OCF of American Assets Trust was 35.72. The lowest was 14.91. And the median was 22.56.
AAT's EV-to-OCF is ranked better than 52.99% of 936
companies
in the REITs industry
Industry Median: 18.135
vs AAT: 17.23
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
American Assets Trust (NYSE:AAT) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
American Assets Trust's PE Ratio (TTM) for today is calculated as:
American Assets Trust's share price for today is $22.415.
American Assets Trust's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.290.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
* 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 - Diversified subindustry, American Assets Trust's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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.
American Assets Trust EV-to-OCF vs REITs Industry
For the REITs industry and Real Estate sector, American Assets Trust's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where American Assets Trust's EV-to-OCF falls into.
American Assets Trust's current Enterprise Value is $2,903.5 Mil.
American Assets Trust's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $168.6 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.
American Assets Trust (AAT) has a EV-to-OCF of 17.23 as of Aug. 11, 2026. This is 24% below median its historical median of 22.56. Over the past decade, American Assets Trust's EV-to-OCF has ranged from 14.91 to 35.72. According to the industry distribution chart, American Assets Trust ranks #440 out of 936 companies in the REITs industry, placing it in the top 47%.
Is American Assets Trust's EV-to-OCF too high?
American Assets Trust's current EV-to-OCF of 17.23 is 24% below median its 10-year median of 22.56. Over the past 10 years, this metric has ranged from a low of 14.91 to a high of 35.72. The REITs industry median EV-to-OCF is 18.14. American Assets Trust's value of 17.23 is 5% below this industry median. Based on the distribution chart, American Assets Trust ranks #440 out of 936 companies in the REITs industry, which is above the industry midpoint. Overall, American Assets Trust has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does American Assets Trust's EV-to-OCF compare to SAFE and GNL?
According to the REITs industry distribution chart, American Assets Trust ranks #440 out of 936 companies for EV-to-OCF. This puts American Assets Trust in the upper half of its industry. The industry median EV-to-OCF is 18.14. American Assets Trust's value of 17.23 is 5% below this benchmark. Historically, American Assets Trust's own EV-to-OCF has ranged from 14.91 to 35.72 over the past decade. While the company's 10-year median is 22.56 vs. the industry median of 18.14, American Assets 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-OCF for a REITs company?
The median EV-to-OCF among REITs companies is 18.14, based on 936 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. American Assets Trust's current EV-to-OCF of 17.23 is 5% 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the REITs industry, the median EV-to-OCF is 18.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American Assets Trust's current EV-to-OCF is 17.23, which is 24% below median its own 10-year median of 22.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Assets Trust stock overvalued right now?
Based on GuruFocus' analysis, American Assets Trust (AAT) is currently considered Fairly Valued. The stock's GF Value™ is $20.93, compared to a current price of $22.42 — trading 7.1% above its estimated fair value. The current EV-to-OCF is 17.23, which is 24% below median its 10-year median of 22.56 and 5% below the REITs industry median of 18.14. American Assets Trust's overall GF Score™ is 71/100 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-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For American Assets Trust (AAT), the current EV-to-OCF is 17.23 as of Aug. 11, 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 American Assets Trust (AAT) Overvalued in 2026?
Based on GuruFocus' analysis, American Assets Trust stock appears to be overvalued.
The current stock price of $22.42 is trading 7.1% above its estimated GF Value™ of $20.93.
GuruFocus considers American Assets Trust to be Fairly Valued.
Key valuation signals for AAT:
EV-to-OCF: 17.23 (24% below median its 10-year median of 22.56)
GF Value™: $20.93 vs. price of $22.42 (7.1% above fair value)
Industry Position: 5% below the REITs median (#440 of 936)
No single metric tells the full story. See the AAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
American Assets Trust Inc is a self-administered real estate investment trust based in the United States. The company invests in, operates, and develops retail, office, residential, and mixed-use properties. Properties are predominantly located in South California, Northern California, Oregon, Washington, and Hawaii. American Assets operates through four segments based on property type: retail; office; mixed-use, which consists of retail and hotel components; and multifamily, which includes the company's apartment properties. The retail and office segments collectively contribute the majority of the total revenue.
71GF Score
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