Industrial & Infrastructure Fund Investment (FRA:2ES) EV-to-OCF: 17.80 (As of Aug. 08, 2026) — 10% Below 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.

FRA:2ES Industrial & Infrastructure Fund Investment Corp FRA:2ES
77 GF Score
Price €745.00
GF Value €743.75
! 11 Warning Signs
View Full Analysis

What is Industrial & Infrastructure Fund Investment EV-to-OCF?

Industrial & Infrastructure Fund Investment FRA:2ES -0.67% 77 EV-to-OCF is 17.80 as of Aug. 08, 2026, which is 10% below its 10-year median of 19.85. GuruFocus rates FRA:2ES with a GF Score™ of 77/100 and a GF Value™ of €743.75. The stock has 11 warning signs investors should review. Among 926 REITs companies, Industrial & Infrastructure Fund Investment ranks worse than 52.38% on this metric.

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Industrial & Infrastructure Fund Investment's Enterprise Value is €3,409.9 Mil. Industrial & Infrastructure Fund Investment's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jan. 2026 was €191.6 Mil. Therefore, Industrial & Infrastructure Fund Investment's EV-to-OCF for today is 17.80.

The historical rank and industry rank for Industrial & Infrastructure Fund Investment's EV-to-OCF or its related term are showing as below:

FRA:2ES' s EV-to-OCF Range Over the Past 10 Years
Min: 15.24   Med: 19.85   Max: 39.63
Current: 19.13

During the past 13 years, the highest EV-to-OCF of Industrial & Infrastructure Fund Investment was 39.63. The lowest was 15.24. And the median was 19.85.

FRA:2ES's EV-to-OCF is ranked worse than
52.38% of 926 companies
in the REITs industry
Industry Median: 18.375 vs FRA:2ES: 19.13

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 (2026-08-08), Industrial & Infrastructure Fund Investment's stock price is €745.00. Industrial & Infrastructure Fund Investment's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jan. 2026 was €44.888. Therefore, Industrial & Infrastructure Fund Investment's PE Ratio (TTM) for today is 16.60.


Industrial & Infrastructure Fund Investment  (FRA:2ES) 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.

Industrial & Infrastructure Fund Investment's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=745.00/44.888
=16.60

Industrial & Infrastructure Fund Investment's share price for today is €745.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Industrial & Infrastructure Fund Investment's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jan. 2026 was €44.888.

* 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.


Industrial & Infrastructure Fund Investment EV-to-OCF Related Terms


Industrial & Infrastructure Fund Investment EV-to-OCF Historical Data

* Premium members only.

The historical data trend for Industrial & Infrastructure Fund Investment'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.

Industrial & Infrastructure Fund Investment EV-to-OCF Chart

Industrial & Infrastructure Fund Investment Annual Data
Trend Dec16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
EV-to-OCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.60 21.02 25.31 19.59 15.62

Industrial & Infrastructure Fund Investment Semi-Annual Data
Jun16 Dec16 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 19.59 0.00 15.62 0.00

FRA:2ES vs PLD, PSA, EXR: EV-to-OCF Comparison

For the REIT - Industrial subindustry, Industrial & Infrastructure Fund Investment'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.


Industrial & Infrastructure Fund Investment EV-to-OCF vs REITs Industry

For the REITs industry and Real Estate sector, Industrial & Infrastructure Fund Investment's EV-to-OCF distribution charts can be found below:

* The bar in red indicates where Industrial & Infrastructure Fund Investment's EV-to-OCF falls into.


FRA:2ES
77GF Score
Industrial & Infrastructure Fund Investment Corp FRA:2ES
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Industrial & Infrastructure Fund Investment EV-to-OCF Calculation

Industrial & Infrastructure Fund Investment's EV-to-OCF for today is calculated as:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=3409.947/191.553
=17.80

Industrial & Infrastructure Fund Investment's current Enterprise Value is €3,409.9 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Industrial & Infrastructure Fund Investment's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jan. 2026 was €191.6 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.

Frequently Asked Questions Learn more about EV-to-OCF →
What does a EV-to-OCF of 17.80 mean?
Industrial & Infrastructure Fund Investment (FRA:2ES) has a EV-to-OCF of 17.80 as of Aug. 08, 2026. This is 10% below median its historical median of 19.85. Over the past decade, Industrial & Infrastructure Fund Investment's EV-to-OCF has ranged from 15.24 to 39.63. According to the industry distribution chart, Industrial & Infrastructure Fund Investment ranks #485 out of 926 companies in the REITs industry, placing it in the top 52.4%.
Is Industrial & Infrastructure Fund Investment's EV-to-OCF too high?
Industrial & Infrastructure Fund Investment's current EV-to-OCF of 17.80 is 10% below median its 10-year median of 19.85. Over the past 10 years, this metric has ranged from a low of 15.24 to a high of 39.63. The REITs industry median EV-to-OCF is 18.38. Industrial & Infrastructure Fund Investment's value of 17.80 is 3.1% below this industry median. Based on the distribution chart, Industrial & Infrastructure Fund Investment ranks #485 out of 926 companies in the REITs industry, which is below the industry midpoint. Overall, Industrial & Infrastructure Fund Investment has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Industrial & Infrastructure Fund Investment's EV-to-OCF compare to PLD and PSA?
According to the REITs industry distribution chart, Industrial & Infrastructure Fund Investment ranks #485 out of 926 companies for EV-to-OCF. This places Industrial & Infrastructure Fund Investment in the lower half of its industry. The industry median EV-to-OCF is 18.38. Industrial & Infrastructure Fund Investment's value of 17.80 is 3.1% below this benchmark. Historically, Industrial & Infrastructure Fund Investment's own EV-to-OCF has ranged from 15.24 to 39.63 over the past decade. While the company's 10-year median is 19.85 vs. the industry median of 18.38, Industrial & Infrastructure Fund Investment 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 18.38, based on 926 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. Industrial & Infrastructure Fund Investment's current EV-to-OCF of 17.80 is 3.1% 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 18.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Industrial & Infrastructure Fund Investment's current EV-to-OCF is 17.80, which is 10% below median its own 10-year median of 19.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industrial & Infrastructure Fund Investment stock overvalued right now?
Industrial & Infrastructure Fund Investment (FRA:2ES) has a current EV-to-OCF of 17.80. The stock's GF Value™ is €743.75, compared to a current price of €745.00 — trading 0.2% above its estimated fair value. The current EV-to-OCF is 17.80, which is 10% below median its 10-year median of 19.85 and 3.1% below the REITs industry median of 18.38. Industrial & Infrastructure Fund Investment's overall GF Score™ is 77/100 with 11 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 Industrial & Infrastructure Fund Investment (FRA:2ES), the current EV-to-OCF is 17.80 as of Aug. 08, 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 Industrial & Infrastructure Fund Investment (FRA:2ES) Overvalued in 2026?

Based on GuruFocus' analysis, Industrial & Infrastructure Fund Investment stock appears to be overvalued. The current stock price of €745.00 is trading 0.2% above its estimated GF Value™ of €743.75.

Key valuation signals for FRA:2ES:

  • EV-to-OCF: 17.80 (10% below median its 10-year median of 19.85)
  • GF Value™: €743.75 vs. price of €745.00 (0.2% above fair value)
  • GF Score™: 77/100 with 11 warning signs
  • Industry Position: 3.1% below the REITs median (#485 of 926)

No single metric tells the full story. See the FRA:2ES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Industrial & Infrastructure Fund Investment Business Description

Industry Real EstateREITs
Other Exchanges 3249:Japan
Address Tokyo Building 7-3, Marunouchi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-6420
Industrial & Infrastructure Fund Investment Corp operates as a J-REIT specializing in industrial properties. The company focuses on industrial properties including logistic facilities, manufacturing and R&D facilities, and infrastructures.
77GF Score

Get the complete analysis for FRA:2ES

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

€745.00
Price
€743.75
GF Value