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Broadstone Net LeaseBNL -0.42%78 EV-to-OCF is 24.19 as of Aug. 22, 2026, which is 15% above its 10-year median of 21.05. GuruFocus rates BNL with a GF Score™ of 78/100 and a GF Value™ of $18.54 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 924 REITs companies, Broadstone Net Lease ranks worse than 69.26% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Broadstone Net Lease's Enterprise Value is $6,845.0 Mil.
Broadstone Net Lease's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $283.0 Mil. Therefore, Broadstone Net Lease's EV-to-OCF for today is 24.19.
The historical rank and industry rank for Broadstone Net Lease's EV-to-OCF or its related term are showing as below:
BNL'
s EV-to-OCF Range Over the Past 10 Years
Min: 17.5 Med: 21.05 Max: 30.01
Current: 24.19
During the past 11 years, the highest EV-to-OCF of Broadstone Net Lease was 30.01. The lowest was 17.50. And the median was 21.05.
BNL's EV-to-OCF is ranked worse than 69.26% of 924
companies
in the REITs industry
Industry Median: 18.15
vs BNL: 24.19
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.
Broadstone Net Lease (NYSE:BNL) 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.
Broadstone Net Lease's PE Ratio (TTM) for today is calculated as:
Broadstone Net Lease's share price for today is $21.12.
Broadstone Net Lease'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 $0.760.
* 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.
Broadstone Net Lease EV-to-OCF Related Terms
Broadstone Net Lease EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Broadstone Net Lease'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.
For the REIT - Diversified subindustry, Broadstone Net Lease'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.
Broadstone Net Lease EV-to-OCF vs REITs Industry
For the REITs industry and Real Estate sector, Broadstone Net Lease's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Broadstone Net Lease's EV-to-OCF falls into.
Broadstone Net Lease's current Enterprise Value is $6,845.0 Mil.
Broadstone Net Lease'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 $283.0 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.
Broadstone Net Lease (BNL) has a EV-to-OCF of 24.19 as of Aug. 22, 2026. This is 15% above median its historical median of 21.05. Over the past decade, Broadstone Net Lease's EV-to-OCF has ranged from 17.50 to 30.01. According to the industry distribution chart, Broadstone Net Lease ranks #640 out of 924 companies in the REITs industry, placing it in the top 69.3%.
Is Broadstone Net Lease's EV-to-OCF too high?
Broadstone Net Lease's current EV-to-OCF of 24.19 is 15% above median its 10-year median of 21.05. Over the past 10 years, this metric has ranged from a low of 17.50 to a high of 30.01. The REITs industry median EV-to-OCF is 18.15. Broadstone Net Lease's value of 24.19 is 33.3% above this industry median. Based on the distribution chart, Broadstone Net Lease ranks #640 out of 924 companies in the REITs industry, which is below the industry midpoint. Overall, Broadstone Net Lease has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Broadstone Net Lease's EV-to-OCF compare to GNL and AAT?
According to the REITs industry distribution chart, Broadstone Net Lease ranks #640 out of 924 companies for EV-to-OCF. This places Broadstone Net Lease in the lower half of its industry. The industry median EV-to-OCF is 18.15. Broadstone Net Lease's value of 24.19 is 33.3% above this benchmark. Historically, Broadstone Net Lease's own EV-to-OCF has ranged from 17.50 to 30.01 over the past decade. While the company's 10-year median is 21.05 vs. the industry median of 18.15, Broadstone Net Lease 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 18.15, based on 924 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. Broadstone Net Lease's current EV-to-OCF of 24.19 is 33.3% 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 18.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Broadstone Net Lease's current EV-to-OCF is 24.19, which is 15% above median its own 10-year median of 21.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Broadstone Net Lease stock overvalued right now?
Based on GuruFocus' analysis, Broadstone Net Lease (BNL) is currently considered Modestly Overvalued. The stock's GF Value™ is $18.54, compared to a current price of $21.12 — trading 13.9% above its estimated fair value. The current EV-to-OCF is 24.19, which is 15% above median its 10-year median of 21.05 and 33.3% above the REITs industry median of 18.15. Broadstone Net Lease's overall GF Score™ is 78/100 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 Broadstone Net Lease (BNL), the current EV-to-OCF is 24.19 as of Aug. 22, 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 Broadstone Net Lease (BNL) Overvalued in 2026?
Based on GuruFocus' analysis, Broadstone Net Lease stock appears to be overvalued.
The current stock price of $21.12 is trading 13.9% above its estimated GF Value™ of $18.54.
GuruFocus considers Broadstone Net Lease to be Modestly Overvalued.
Key valuation signals for BNL:
EV-to-OCF: 24.19 (15% above median its 10-year median of 21.05)
GF Value™: $18.54 vs. price of $21.12 (13.9% above fair value)
Industry Position: 33.3% above the REITs median (#640 of 924)
No single metric tells the full story. See the BNL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Broadstone Net Lease Inc is an internally managed real estate investment trust that invests in, owns, and manages single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. The company has selectively invested in net leased assets in the industrial, healthcare, restaurant, retail, and office property types. The company focuses on investing in real estate that is operated by creditworthy single tenants in industries characterized by positive business drivers and trends. The company targets properties that are an integral part of the tenants' businesses and are therefore opportunities to secure long-term net leases.
78GF Score
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EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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