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.
Piedmont Realty TrustPDM -2.71%66 EV-to-OCF is 19.36 as of Aug. 03, 2026, which is 2% above its 10-year median of 19.07. GuruFocus rates PDM with a GF Score™ of 66/100 and a GF Value™ of $7.56 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 926 REITs companies, Piedmont Realty Trust ranks worse than 53.13% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Piedmont Realty Trust's Enterprise Value is $3,469.4 Mil.
Piedmont Realty Trust's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $179.2 Mil. Therefore, Piedmont Realty Trust's EV-to-OCF for today is 19.36.
The historical rank and industry rank for Piedmont Realty Trust's EV-to-OCF or its related term are showing as below:
PDM'
s EV-to-OCF Range Over the Past 10 Years
Min: 12.76 Med: 19.07 Max: 23.86
Current: 19.36
During the past 13 years, the highest EV-to-OCF of Piedmont Realty Trust was 23.86. The lowest was 12.76. And the median was 19.07.
PDM's EV-to-OCF is ranked worse than 53.13% of 926
companies
in the REITs industry
Industry Median: 18.375
vs PDM: 19.36
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.
Piedmont Realty Trust's PE Ratio (TTM) for today is calculated as:
Piedmont Realty Trust's share price for today is $9.69.
Piedmont 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 $-0.650.
* 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.
* 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, Piedmont 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.
Piedmont Realty Trust EV-to-OCF vs REITs Industry
For the REITs industry and Real Estate sector, Piedmont Realty Trust's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Piedmont Realty Trust's EV-to-OCF falls into.
Piedmont Realty Trust's current Enterprise Value is $3,469.4 Mil.
Piedmont 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 $179.2 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.
Piedmont Realty Trust (PDM) has a EV-to-OCF of 19.36 as of Aug. 03, 2026. This is near median its historical median of 19.07. Over the past decade, Piedmont Realty Trust's EV-to-OCF has ranged from 12.76 to 23.86. According to the industry distribution chart, Piedmont Realty Trust ranks #492 out of 926 companies in the REITs industry, placing it in the top 53.1%.
Is Piedmont Realty Trust's EV-to-OCF too high?
Piedmont Realty Trust's current EV-to-OCF of 19.36 is near median its 10-year median of 19.07. Over the past 10 years, this metric has ranged from a low of 12.76 to a high of 23.86. The REITs industry median EV-to-OCF is 18.38. Piedmont Realty Trust's value of 19.36 is 5.4% above this industry median. Based on the distribution chart, Piedmont Realty Trust ranks #492 out of 926 companies in the REITs industry, which is below the industry midpoint. Overall, Piedmont Realty Trust has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Piedmont Realty Trust's EV-to-OCF compare to DEA and ESBA?
According to the REITs industry distribution chart, Piedmont Realty Trust ranks #492 out of 926 companies for EV-to-OCF. This places Piedmont Realty Trust in the lower half of its industry. The industry median EV-to-OCF is 18.38. Piedmont Realty Trust's value of 19.36 is 5.4% above this benchmark. Historically, Piedmont Realty Trust's own EV-to-OCF has ranged from 12.76 to 23.86 over the past decade. While the company's 10-year median is 19.07 vs. the industry median of 18.38, Piedmont 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 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. Piedmont Realty Trust's current EV-to-OCF of 19.36 is 5.4% 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. Piedmont Realty Trust's current EV-to-OCF is 19.36, which is near median its own 10-year median of 19.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Piedmont Realty Trust stock overvalued right now?
Based on GuruFocus' analysis, Piedmont Realty Trust (PDM) is currently considered Modestly Overvalued. The stock's GF Value™ is $7.56, compared to a current price of $9.69 — trading 28.2% above its estimated fair value. The current EV-to-OCF is 19.36, which is near median its 10-year median of 19.07 and 5.4% above the REITs industry median of 18.38. Piedmont Realty Trust's overall GF Score™ is 66/100 with 10 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 Piedmont Realty Trust (PDM), the current EV-to-OCF is 19.36 as of Aug. 03, 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 Piedmont Realty Trust (PDM) Overvalued in 2026?
Based on GuruFocus' analysis, Piedmont Realty Trust stock appears to be overvalued.
The current stock price of $9.69 is trading 28.2% above its estimated GF Value™ of $7.56.
GuruFocus considers Piedmont Realty Trust to be Modestly Overvalued.
Key valuation signals for PDM:
EV-to-OCF: 19.36 (near median its 10-year median of 19.07)
GF Value™: $7.56 vs. price of $9.69 (28.2% above fair value)
Industry Position: 5.4% above the REITs median (#492 of 926)
No single metric tells the full story. See the PDM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Piedmont Realty Trust Inc is a fully integrated, self-managed real estate investment company focused on delivering an exceptional office environment. As an owner, manager, developer and operator of 16 MM SF of Class A properties across U.S. Sunbelt markets, Piedmont Realty Trust is known for its hospitality-driven approach and commitment to transforming buildings into Piedmont PLACEs that enhance each client's workplace experience.
66GF Score
Get the complete analysis for PDM
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
PDM has been successfully added to your 
