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The historical rank and industry rank for First Industrial Realty Trust's EV-to-OCF or its related term are showing as below:
FR'
s EV-to-OCF Range Over the Past 10 Years
Min: 18.54 Med: 26.74 Max: 40.15
Current: 25.27
During the past 13 years, the highest EV-to-OCF of First Industrial Realty Trust was 40.15. The lowest was 18.54. And the median was 26.74.
FR's EV-to-OCF is ranked worse than 69.9% of 927
companies
in the REITs industry
Industry Median: 18.38
vs FR: 25.27
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.
First Industrial Realty Trust (NYSE:FR) 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.
First Industrial Realty Trust's PE Ratio (TTM) for today is calculated as:
First Industrial Realty Trust's share price for today is $65.84.
First Industrial Realty 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 $2.740.
* 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.
First Industrial Realty Trust EV-to-OCF Related Terms
First Industrial Realty Trust EV-to-OCF Historical Data
* 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 - Industrial subindustry, First Industrial Realty 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.
First Industrial Realty Trust EV-to-OCF vs REITs Industry
For the REITs industry and Real Estate sector, First Industrial Realty Trust's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where First Industrial Realty Trust's EV-to-OCF falls into.
First Industrial Realty Trust's current Enterprise Value is $11,360.7 Mil.
First Industrial Realty 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 $449.6 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.
First Industrial Realty Trust (FR) has a EV-to-OCF of 25.27 as of Aug. 02, 2026. This is near median its historical median of 26.74. Over the past decade, First Industrial Realty Trust's EV-to-OCF has ranged from 18.54 to 40.15. According to the industry distribution chart, First Industrial Realty Trust ranks #648 out of 927 companies in the REITs industry, placing it in the top 69.9%.
Is First Industrial Realty Trust's EV-to-OCF too high?
First Industrial Realty Trust's current EV-to-OCF of 25.27 is near median its 10-year median of 26.74. Over the past 10 years, this metric has ranged from a low of 18.54 to a high of 40.15. The REITs industry median EV-to-OCF is 18.38. First Industrial Realty Trust's value of 25.27 is 37.5% above this industry median. Based on the distribution chart, First Industrial Realty Trust ranks #648 out of 927 companies in the REITs industry, which is below the industry midpoint. Overall, First Industrial Realty Trust has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does First Industrial Realty Trust's EV-to-OCF compare to REXR and LINE?
According to the REITs industry distribution chart, First Industrial Realty Trust ranks #648 out of 927 companies for EV-to-OCF. This places First Industrial Realty Trust in the lower half of its industry. The industry median EV-to-OCF is 18.38. First Industrial Realty Trust's value of 25.27 is 37.5% above this benchmark. Historically, First Industrial Realty Trust's own EV-to-OCF has ranged from 18.54 to 40.15 over the past decade. While the company's 10-year median is 26.74 vs. the industry median of 18.38, First Industrial Realty Trust 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 18.38, based on 927 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. First Industrial Realty Trust's current EV-to-OCF of 25.27 is 37.5% 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 18.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Industrial Realty Trust's current EV-to-OCF is 25.27, which is near median its own 10-year median of 26.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Industrial Realty Trust stock overvalued right now?
Based on GuruFocus' analysis, First Industrial Realty Trust (FR) is currently considered Fairly Valued. The stock's GF Value™ is $62.39, compared to a current price of $65.84 — trading 5.5% above its estimated fair value. The current EV-to-OCF is 25.27, which is near median its 10-year median of 26.74 and 37.5% above the REITs industry median of 18.38. First Industrial Realty Trust's overall GF Score™ is 88/100 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 First Industrial Realty Trust (FR), the current EV-to-OCF is 25.27 as of Aug. 02, 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 First Industrial Realty Trust (FR) Overvalued in 2026?
Based on GuruFocus' analysis, First Industrial Realty Trust stock appears to be overvalued.
The current stock price of $65.84 is trading 5.5% above its estimated GF Value™ of $62.39.
GuruFocus considers First Industrial Realty Trust to be Fairly Valued.
Key valuation signals for FR:
EV-to-OCF: 25.27 (near median its 10-year median of 26.74)
GF Value™: $62.39 vs. price of $65.84 (5.5% above fair value)
Industry Position: 37.5% above the REITs median (#648 of 927)
No single metric tells the full story. See the FR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Industrial Realty Trust Inc is a real estate investment trust that owns, manages, acquires, sells, develops, and redevelops industrial real estate. Through its fully integrated operating and investing platform, the company provides facilities and customer service to multinational corporations and regional firms that are essential for their supply chains. The company serves a diverse tenant base across various sectors, including e-commerce, logistics, transportation, manufacturing, retail, consumer services, food and beverage, building materials, wholesale goods, health services, and government.
88GF 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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