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.
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.
Vornado Realty TrustLTS:0LR2 +1.33%70 EV-to-OCF is 43.46 as of Aug. 09, 2026, which is 65% above its 10-year median of 26.40. GuruFocus rates LTS:0LR2 with a GF Score™ of 70/100 and a GF Value™ of $34.36 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 934 REITs companies, Vornado Realty Trust ranks worse than 86.3% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Vornado Realty Trust's Enterprise Value is $16,987 Mil.
Vornado Realty Trust's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $391 Mil. Therefore, Vornado Realty Trust's EV-to-OCF for today is 43.46.
The historical rank and industry rank for Vornado Realty Trust's EV-to-OCF or its related term are showing as below:
LTS:0LR2'
s EV-to-OCF Range Over the Past 10 Years
Min: 11.13 Med: 26.4 Max: 45.78
Current: 43.46
During the past 13 years, the highest EV-to-OCF of Vornado Realty Trust was 45.78. The lowest was 11.13. And the median was 26.40.
LTS:0LR2's EV-to-OCF is ranked worse than 86.3% of 934
companies
in the REITs industry
Industry Median: 18.17
vs LTS:0LR2: 43.46
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.
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.
Vornado Realty Trust's PE Ratio (TTM) for today is calculated as:
Vornado Realty Trust's share price for today is $39.65.
Vornado 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 $0.020.
* 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.
Vornado Realty Trust EV-to-OCF Related Terms
Vornado Realty Trust EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Vornado Realty Trust'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 - Office subindustry, Vornado 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.
Vornado Realty Trust EV-to-OCF vs REITs Industry
For the REITs industry and Real Estate sector, Vornado Realty Trust's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Vornado Realty Trust's EV-to-OCF falls into.
Vornado Realty Trust's current Enterprise Value is $16,987 Mil.
Vornado 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 $391 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.
Vornado Realty Trust (LTS:0LR2) has a EV-to-OCF of 43.46 as of Aug. 09, 2026. This is 65% above median its historical median of 26.40. Over the past decade, Vornado Realty Trust's EV-to-OCF has ranged from 11.13 to 45.78. According to the industry distribution chart, Vornado Realty Trust ranks #806 out of 934 companies in the REITs industry, placing it in the top 86.3%.
Is Vornado Realty Trust's EV-to-OCF too high?
Vornado Realty Trust's current EV-to-OCF of 43.46 is 65% above median its 10-year median of 26.40. Over the past 10 years, this metric has ranged from a low of 11.13 to a high of 45.78. The REITs industry median EV-to-OCF is 18.17. Vornado Realty Trust's value of 43.46 is 139.2% above this industry median. Based on the distribution chart, Vornado Realty Trust ranks #806 out of 934 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Vornado Realty Trust has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vornado Realty Trust's EV-to-OCF compare to ARE and CUZ?
According to the REITs industry distribution chart, Vornado Realty Trust ranks #806 out of 934 companies for EV-to-OCF. This places Vornado Realty Trust in the lower half of its industry. The industry median EV-to-OCF is 18.17. Vornado Realty Trust's value of 43.46 is 139.2% above this benchmark. Historically, Vornado Realty Trust's own EV-to-OCF has ranged from 11.13 to 45.78 over the past decade. While the company's 10-year median is 26.40 vs. the industry median of 18.17, Vornado 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 18.17, 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. Vornado Realty Trust's current EV-to-OCF of 43.46 is 139.2% 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. Vornado Realty Trust's current EV-to-OCF is 43.46, which is 65% above median its own 10-year median of 26.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vornado Realty Trust stock overvalued right now?
Based on GuruFocus' analysis, Vornado Realty Trust (LTS:0LR2) is currently considered Modestly Overvalued. The stock's GF Value™ is $34.36, compared to a current price of $39.65 — trading 15.4% above its estimated fair value. The current EV-to-OCF is 43.46, which is 65% above median its 10-year median of 26.40 and 139.2% above the REITs industry median of 18.17. Vornado Realty Trust's overall GF Score™ is 70/100 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 Vornado Realty Trust (LTS:0LR2), the current EV-to-OCF is 43.46 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 Vornado Realty Trust (LTS:0LR2) Overvalued in 2026?
Based on GuruFocus' analysis, Vornado Realty Trust stock appears to be overvalued.
The current stock price of $39.65 is trading 15.4% above its estimated GF Value™ of $34.36.
GuruFocus considers Vornado Realty Trust to be Modestly Overvalued.
Key valuation signals for LTS:0LR2:
EV-to-OCF: 43.46 (65% above median its 10-year median of 26.40)
GF Value™: $34.36 vs. price of $39.65 (15.4% above fair value)
Industry Position: 139.2% above the REITs median (#806 of 934)
No single metric tells the full story. See the LTS:0LR2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vornado Realty Trust is a fully integrated real estate investment trust with a portfolio of New York City office, retail, and multifamily assets, and the developer of the new Penn District. While concentrated in New York, the trust also owns assets in both Chicago and San Francisco. It generates revenue in the form of property rentals, fees charged for trade shows, parking revenues, management and leasing fees, etc. Vornado operates in the following reportable segments: New York (its key revenue-generating market) and Other.
70GF Score
Get the complete analysis for LTS:0LR2
EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LTS:0LR2 has been successfully added to your 
