Icade (CDMGF) EV-to-OCF: 16.84 (As of Aug. 11, 2026) — 47% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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.

CDMGF Icade CDMGF
54 GF Score
Price $20.15
GF Value $23.79
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Icade EV-to-OCF?

Icade CDMGF 54 EV-to-OCF is 16.84 as of Aug. 11, 2026, which is 47% below its 10-year median of 31.50. GuruFocus rates CDMGF with a GF Score™ of 54/100 and a GF Value™ of $23.79 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 936 REITs companies, Icade ranks better than 54.27% on this metric.

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Icade's Enterprise Value is $5,416 Mil. Icade's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $322 Mil. Therefore, Icade's EV-to-OCF for today is 16.84.

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

CDMGF' s EV-to-OCF Range Over the Past 10 Years
Min: 12.75   Med: 31.5   Max: 53.34
Current: 17

During the past 13 years, the highest EV-to-OCF of Icade was 53.34. The lowest was 12.75. And the median was 31.50.

CDMGF's EV-to-OCF is ranked better than
54.27% of 936 companies
in the REITs industry
Industry Median: 18.135 vs CDMGF: 17.00

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 (2026-08-11), Icade's stock price is $20.15. Icade's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was $-2.853. Therefore, Icade's PE Ratio (TTM) for today is At Loss.


Icade  (OTCPK:CDMGF) 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.

Icade's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=20.15/-2.853
=At Loss

Icade's share price for today is $20.15.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Icade's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was $-2.853.

* 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.


Icade EV-to-OCF Related Terms


Icade EV-to-OCF Historical Data

* Premium members only.

The historical data trend for Icade'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.

Icade EV-to-OCF Chart

Icade Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-OCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.72 38.26 19.22 13.50 17.04

Icade Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 0.00 13.50 0.00 17.04 0.00

CDMGF vs VICI, WPC, BNL: EV-to-OCF Comparison

For the REIT - Diversified subindustry, Icade'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.


Icade EV-to-OCF vs REITs Industry

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

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


CDMGF
54GF Score
Icade CDMGF
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Icade EV-to-OCF Calculation

Icade's EV-to-OCF for today is calculated as:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=5416.387/321.687
=16.84

Icade's current Enterprise Value is $5,416 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Icade's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $322 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 16.84 mean?
Icade (CDMGF) has a EV-to-OCF of 16.84 as of Aug. 11, 2026. This is 47% below median its historical median of 31.50. Over the past decade, Icade's EV-to-OCF has ranged from 12.75 to 53.34. According to the industry distribution chart, Icade ranks #428 out of 936 companies in the REITs industry, placing it in the top 45.7%.
Is Icade's EV-to-OCF too high?
Icade's current EV-to-OCF of 16.84 is 47% below median its 10-year median of 31.50. Over the past 10 years, this metric has ranged from a low of 12.75 to a high of 53.34. The REITs industry median EV-to-OCF is 18.14. Icade's value of 16.84 is 7.1% below this industry median. Based on the distribution chart, Icade ranks #428 out of 936 companies in the REITs industry, which is above the industry midpoint. Overall, Icade has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Icade's EV-to-OCF compare to VICI and WPC?
According to the REITs industry distribution chart, Icade ranks #428 out of 936 companies for EV-to-OCF. This puts Icade in the upper half of its industry. The industry median EV-to-OCF is 18.14. Icade's value of 16.84 is 7.1% below this benchmark. Historically, Icade's own EV-to-OCF has ranged from 12.75 to 53.34 over the past decade. While the company's 10-year median is 31.50 vs. the industry median of 18.14, Icade 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. Icade's current EV-to-OCF of 16.84 is 7.1% 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. Icade's current EV-to-OCF is 16.84, which is 47% below median its own 10-year median of 31.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Icade stock overvalued right now?
Based on GuruFocus' analysis, Icade (CDMGF) is currently considered Modestly Undervalued. The stock's GF Value™ is $23.79, compared to a current price of $20.15 — trading 15.3% below its estimated fair value. The current EV-to-OCF is 16.84, which is 47% below median its 10-year median of 31.50 and 7.1% below the REITs industry median of 18.14. Icade's overall GF Score™ is 54/100 with 7 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 Icade (CDMGF), the current EV-to-OCF is 16.84 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 Icade (CDMGF) Overvalued in 2026?

Based on GuruFocus' analysis, Icade stock appears to be undervalued. The current stock price of $20.15 is trading 15.3% below its estimated GF Value™ of $23.79. GuruFocus considers Icade to be Modestly Undervalued.

Key valuation signals for CDMGF:

  • EV-to-OCF: 16.84 (47% below median its 10-year median of 31.50)
  • GF Value™: $23.79 vs. price of $20.15 (15.3% below fair value)
  • GF Score™: 54/100 with 7 warning signs
  • Industry Position: 7.1% below the REITs median (#428 of 936)

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


Icade Business Description

Industry Real EstateREITs
Address No. 1, avenue du General-deGaulle, Hyfive Tower, Puteaux, FRA, 92800
Icade is a French real estate investment trust involved in the ownership and management of commercial property around Paris. The company's real estate portfolio consists of offices, business premises (TV and photo studios, data centers, warehouses, etc.), other assets such as hotels, shops, and land reserves. Its flagship projects include EDENN, HYFIVE, and EQHO. The company has two operating segments: the Property Investment business and the Property Development business. The majority of revenue is derived from the Property Investment business, which focuses on holding and developing office properties and business parks for the rental of these assets and active management of this asset portfolio.
54GF Score

Get the complete analysis for CDMGF

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

$20.15
Price
$23.79
GF Value