ACDSF (CapitaLand Ascendas REIT) EV-to-OCF: 18.58 (As of Aug. 09, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ACDSF CapitaLand Ascendas REIT ACDSF
82 GF Score
Price $1.90
GF Value $1.84
Valuation Fairly Valued
! 9 Warning Signs
View Full Analysis

What is CapitaLand Ascendas REIT EV-to-OCF?

CapitaLand Ascendas REIT ACDSF 82 EV-to-OCF is 18.58 as of Aug. 09, 2026, which is 9% below its 10-year median of 20.48. GuruFocus rates ACDSF with a GF Score™ of 82/100 and a GF Value™ of $1.84 (Fairly Valued). The stock has 9 warning signs investors should review. Among 934 REITs companies, CapitaLand Ascendas REIT ranks worse than 51.07% on this metric.

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, CapitaLand Ascendas REIT's Enterprise Value is $16,136 Mil. CapitaLand Ascendas REIT's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was $869 Mil. Therefore, CapitaLand Ascendas REIT's EV-to-OCF for today is 18.58.

The historical rank and industry rank for CapitaLand Ascendas REIT's EV-to-OCF or its related term are showing as below:

ACDSF' s EV-to-OCF Range Over the Past 10 Years
Min: 16.69   Med: 20.48   Max: 25.73
Current: 18.53

During the past 13 years, the highest EV-to-OCF of CapitaLand Ascendas REIT was 25.73. The lowest was 16.69. And the median was 20.48.

ACDSF's EV-to-OCF is ranked worse than
51.07% of 934 companies
in the REITs industry
Industry Median: 18.17 vs ACDSF: 18.53

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.

As of today (2026-08-09), CapitaLand Ascendas REIT's stock price is $1.90. CapitaLand Ascendas REIT's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $0.132. Therefore, CapitaLand Ascendas REIT's PE Ratio (TTM) for today is 14.39.


CapitaLand Ascendas REIT  (OTCPK:ACDSF) 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.

CapitaLand Ascendas REIT's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=1.90/0.132
=14.39

CapitaLand Ascendas REIT's share price for today is $1.90.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. CapitaLand Ascendas REIT's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $0.132.

* 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.


CapitaLand Ascendas REIT EV-to-OCF Related Terms


CapitaLand Ascendas REIT EV-to-OCF Historical Data

* Premium members only.

The historical data trend for CapitaLand Ascendas REIT's EV-to-OCF 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.

CapitaLand Ascendas REIT EV-to-OCF Chart

CapitaLand Ascendas REIT Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-OCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.74 17.77 21.18 19.30 19.43

CapitaLand Ascendas REIT Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EV-to-OCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.18 0.00 19.30 0.00 19.43

ACDSF vs PLD, PSA, EXR: EV-to-OCF Comparison

For the REIT - Industrial subindustry, CapitaLand Ascendas REIT'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.


CapitaLand Ascendas REIT EV-to-OCF vs REITs Industry

For the REITs industry and Real Estate sector, CapitaLand Ascendas REIT's EV-to-OCF distribution charts can be found below:

* The bar in red indicates where CapitaLand Ascendas REIT's EV-to-OCF falls into.


ACDSF
82GF Score
CapitaLand Ascendas REIT ACDSF
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CapitaLand Ascendas REIT EV-to-OCF Calculation

CapitaLand Ascendas REIT's EV-to-OCF for today is calculated as:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=16136.120/868.566
=18.58

CapitaLand Ascendas REIT's current Enterprise Value is $16,136 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. CapitaLand Ascendas REIT's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was $869 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.

Frequently Asked Questions Learn more about EV-to-OCF →
What does a EV-to-OCF of 18.58 mean?
CapitaLand Ascendas REIT (ACDSF) has a EV-to-OCF of 18.58 as of Aug. 09, 2026. This is near median its historical median of 20.48. Over the past decade, CapitaLand Ascendas REIT's EV-to-OCF has ranged from 16.69 to 25.73. According to the industry distribution chart, CapitaLand Ascendas REIT ranks #477 out of 934 companies in the REITs industry, placing it in the top 51.1%.
Is CapitaLand Ascendas REIT's EV-to-OCF too high?
CapitaLand Ascendas REIT's current EV-to-OCF of 18.58 is near median its 10-year median of 20.48. Over the past 10 years, this metric has ranged from a low of 16.69 to a high of 25.73. The REITs industry median EV-to-OCF is 18.17. CapitaLand Ascendas REIT's value of 18.58 is 2.3% above this industry median. Based on the distribution chart, CapitaLand Ascendas REIT ranks #477 out of 934 companies in the REITs industry, which is below the industry midpoint. Overall, CapitaLand Ascendas REIT has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CapitaLand Ascendas REIT's EV-to-OCF compare to PLD and PSA?
According to the REITs industry distribution chart, CapitaLand Ascendas REIT ranks #477 out of 934 companies for EV-to-OCF. This places CapitaLand Ascendas REIT in the lower half of its industry. The industry median EV-to-OCF is 18.17. CapitaLand Ascendas REIT's value of 18.58 is 2.3% above this benchmark. Historically, CapitaLand Ascendas REIT's own EV-to-OCF has ranged from 16.69 to 25.73 over the past decade. While the company's 10-year median is 20.48 vs. the industry median of 18.17, CapitaLand Ascendas 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-OCF for a REITs company?
The median EV-to-OCF among REITs companies is 18.17, based on 934 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. CapitaLand Ascendas REIT's current EV-to-OCF of 18.58 is 2.3% 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-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 18.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CapitaLand Ascendas REIT's current EV-to-OCF is 18.58, which is near median its own 10-year median of 20.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CapitaLand Ascendas REIT stock overvalued right now?
Based on GuruFocus' analysis, CapitaLand Ascendas REIT (ACDSF) is currently considered Fairly Valued. The stock's GF Value™ is $1.84, compared to a current price of $1.90 — trading 3.3% above its estimated fair value. The current EV-to-OCF is 18.58, which is near median its 10-year median of 20.48 and 2.3% above the REITs industry median of 18.17. CapitaLand Ascendas REIT's overall GF Score™ is 82/100 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-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For CapitaLand Ascendas REIT (ACDSF), the current EV-to-OCF is 18.58 as of Aug. 09, 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 CapitaLand Ascendas REIT (ACDSF) Overvalued in 2026?

Based on GuruFocus' analysis, CapitaLand Ascendas REIT stock appears to be overvalued. The current stock price of $1.90 is trading 3.3% above its estimated GF Value™ of $1.84. GuruFocus considers CapitaLand Ascendas REIT to be Fairly Valued.

Key valuation signals for ACDSF:

  • EV-to-OCF: 18.58 (near median its 10-year median of 20.48)
  • GF Value™: $1.84 vs. price of $1.90 (3.3% above fair value)
  • GF Score™: 82/100 with 9 warning signs
  • Industry Position: 2.3% above the REITs median (#477 of 934)

No single metric tells the full story. See the ACDSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CapitaLand Ascendas REIT Business Description

Industry Real EstateREITs
Other Exchanges A17U:SingaporeS3Z:Germany
Address 168 Robinson Road, No. 30-01 Capital Tower, Singapore, SGP, 068912
CapitaLand Ascendas REIT is a real estate investment trust focusing on the industrial and business space. As of Dec. 31, 2025, it held a SGD 18.2 billion portfolio of 222 properties across Singapore, Australia, Europe, and the US. The property types encompass business and science parks, high-specification industrial properties, data centers, light industrial properties, and logistics and distribution centers. The trust is externally managed by Ascendas Funds Management, a subsidiary of CapitaLand Investment, which owns a 17.5% stake in the trust.
82GF Score

Get the complete analysis for ACDSF

EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.90
Price
$1.84
GF Value