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Empire State Realty OP LPOGCP -4.41%60 EV-to-OCF is 15.20 as of Aug. 10, 2026, which is 25% below its 10-year median of 20.37. GuruFocus rates OGCP with a GF Score™ of 60/100 and a GF Value™ of $8.93 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 936 REITs companies, Empire State Realty OP LP ranks better than 59.4% on this metric.
The historical rank and industry rank for Empire State Realty OP LP's EV-to-OCF or its related term are showing as below:
OGCP'
s EV-to-OCF Range Over the Past 10 Years
Min: 13.68 Med: 20.37 Max: 36.9
Current: 14.74
During the past 13 years, the highest EV-to-OCF of Empire State Realty OP LP was 36.90. The lowest was 13.68. And the median was 20.37.
OGCP's EV-to-OCF is ranked better than 59.4% of 936
companies
in the REITs industry
Industry Median: 18.175
vs OGCP: 14.74
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.
Empire State Realty OP LP (ARCA:OGCP) 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.
Empire State Realty OP LP's PE Ratio (TTM) for today is calculated as:
Empire State Realty OP LP's share price for today is $4.55.
Empire State Realty OP LP'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 $0.030.
* 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.
Empire State Realty OP LP EV-to-OCF Related Terms
Empire State Realty OP LP 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 - Office subindustry, Empire State Realty OP LP'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.
Empire State Realty OP LP EV-to-OCF vs REITs Industry
For the REITs industry and Real Estate sector, Empire State Realty OP LP's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Empire State Realty OP LP's EV-to-OCF falls into.
Empire State Realty OP LP's current Enterprise Value is $3,460.7 Mil.
Empire State Realty OP LP'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 $227.6 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.
Empire State Realty OP LP (OGCP) has a EV-to-OCF of 15.20 as of Aug. 10, 2026. This is 25% below median its historical median of 20.37. Over the past decade, Empire State Realty OP LP's EV-to-OCF has ranged from 13.68 to 36.90. According to the industry distribution chart, Empire State Realty OP LP ranks #380 out of 936 companies in the REITs industry, placing it in the top 40.6%.
Is Empire State Realty OP LP's EV-to-OCF too high?
Empire State Realty OP LP's current EV-to-OCF of 15.20 is 25% below median its 10-year median of 20.37. Over the past 10 years, this metric has ranged from a low of 13.68 to a high of 36.90. The REITs industry median EV-to-OCF is 18.18. Empire State Realty OP LP's value of 15.20 is 16.4% below this industry median. Based on the distribution chart, Empire State Realty OP LP ranks #380 out of 936 companies in the REITs industry, which is above the industry midpoint. Overall, Empire State Realty OP LP has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Empire State Realty OP LP's EV-to-OCF compare to PDM and DEA?
According to the REITs industry distribution chart, Empire State Realty OP LP ranks #380 out of 936 companies for EV-to-OCF. This puts Empire State Realty OP LP in the upper half of its industry. The industry median EV-to-OCF is 18.18. Empire State Realty OP LP's value of 15.20 is 16.4% below this benchmark. Historically, Empire State Realty OP LP's own EV-to-OCF has ranged from 13.68 to 36.90 over the past decade. While the company's 10-year median is 20.37 vs. the industry median of 18.18, Empire State Realty OP LP 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 18.18, 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. Empire State Realty OP LP's current EV-to-OCF of 15.20 is 16.4% 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 18.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Empire State Realty OP LP's current EV-to-OCF is 15.20, which is 25% below median its own 10-year median of 20.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Empire State Realty OP LP stock overvalued right now?
Based on GuruFocus' analysis, Empire State Realty OP LP (OGCP) is currently considered Possible Value Trap. The stock's GF Value™ is $8.93, compared to a current price of $4.55 — trading 49% below its estimated fair value. The current EV-to-OCF is 15.20, which is 25% below median its 10-year median of 20.37 and 16.4% below the REITs industry median of 18.18. Empire State Realty OP LP's overall GF Score™ is 60/100 with 6 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 Empire State Realty OP LP (OGCP), the current EV-to-OCF is 15.20 as of Aug. 10, 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 Empire State Realty OP LP (OGCP) Overvalued in 2026?
Based on GuruFocus' analysis, Empire State Realty OP LP stock appears to be undervalued.
The current stock price of $4.55 is trading 49% below its estimated GF Value™ of $8.93.
GuruFocus considers Empire State Realty OP LP to be Possible Value Trap.
Key valuation signals for OGCP:
EV-to-OCF: 15.20 (25% below median its 10-year median of 20.37)
GF Value™: $8.93 vs. price of $4.55 (49% below fair value)
Industry Position: 16.4% below the REITs median (#380 of 936)
No single metric tells the full story. See the OGCP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Empire State Realty OP LP is an NYC-focused real estate investment trust (REIT) that owns and operates a portfolio of well-leased, top-of-tier, modernized, amenitized, and well-located office, retail, and multifamily assets, conducts all of its business, and owns substantially all of its assets. The firm operates in two segments, Real Estate and Observatory. Through the Real Estate segment, it offers services related to the ownership, management, operation, acquisition, repositioning, and disposition of its real estate assets. Under the Observatory segment, it operates the two observatories of the Empire State Building. The company generates maximum revenue from the Real Estate segment.
60GF Score
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