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Primaris REITPMREF 78 EV-to-OCF is 20.11 as of Aug. 08, 2026, which is 15% above its 10-year median of 17.56. GuruFocus rates PMREF with a GF Score™ of 78/100 and a GF Value™ of $14.08 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 926 REITs companies, Primaris REIT ranks worse than 58.1% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Primaris REIT's Enterprise Value is $3,357.3 Mil.
Primaris REIT's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $166.9 Mil. Therefore, Primaris REIT's EV-to-OCF for today is 20.11.
The historical rank and industry rank for Primaris REIT's EV-to-OCF or its related term are showing as below:
PMREF'
s EV-to-OCF Range Over the Past 10 Years
Min: -54.79 Med: 17.56 Max: 20.97
Current: 20.47
During the past 13 years, the highest EV-to-OCF of Primaris REIT was 20.97. The lowest was -54.79. And the median was 17.56.
PMREF's EV-to-OCF is ranked worse than 58.1% of 926
companies
in the REITs industry
Industry Median: 18.375
vs PMREF: 20.47
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.
Primaris REIT's PE Ratio (TTM) for today is calculated as:
Primaris REIT's share price for today is $16.50.
Primaris REIT'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 $0.826.
* 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.
Primaris REIT EV-to-OCF Related Terms
Primaris REIT EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Primaris REIT'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 - Retail subindustry, Primaris REIT'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.
Primaris REIT EV-to-OCF vs REITs Industry
For the REITs industry and Real Estate sector, Primaris REIT's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Primaris REIT's EV-to-OCF falls into.
Primaris REIT's current Enterprise Value is $3,357.3 Mil.
Primaris REIT'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 $166.9 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.
Primaris REIT (PMREF) has a EV-to-OCF of 20.11 as of Aug. 08, 2026. This is 15% above median its historical median of 17.56. According to the industry distribution chart, Primaris REIT ranks #538 out of 926 companies in the REITs industry, placing it in the top 58.1%.
Is Primaris REIT's EV-to-OCF too high?
Primaris REIT's current EV-to-OCF of 20.11 is 15% above median its 10-year median of 17.56. The REITs industry median EV-to-OCF is 18.38. Primaris REIT's value of 20.11 is 9.4% above this industry median. Based on the distribution chart, Primaris REIT ranks #538 out of 926 companies in the REITs industry, which is below the industry midpoint. Overall, Primaris REIT has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Primaris REIT's EV-to-OCF compare to SPG and O?
According to the REITs industry distribution chart, Primaris REIT ranks #538 out of 926 companies for EV-to-OCF. This places Primaris REIT in the lower half of its industry. The industry median EV-to-OCF is 18.38. Primaris REIT's value of 20.11 is 9.4% above this benchmark. While the company's 10-year median is 17.56 vs. the industry median of 18.38, Primaris REIT 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. Primaris REIT's current EV-to-OCF of 20.11 is 9.4% 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. Primaris REIT's current EV-to-OCF is 20.11, which is 15% above median its own 10-year median of 17.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Primaris REIT stock overvalued right now?
Based on GuruFocus' analysis, Primaris REIT (PMREF) is currently considered Significantly Overvalued. The stock's GF Value™ is $14.08, compared to a current price of $16.50 — trading 17.2% above its estimated fair value. The current EV-to-OCF is 20.11, which is 15% above median its 10-year median of 17.56 and 9.4% above the REITs industry median of 18.38. Primaris REIT's overall GF Score™ is 78/100 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 Primaris REIT (PMREF), the current EV-to-OCF is 20.11 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 Primaris REIT (PMREF) Overvalued in 2026?
Based on GuruFocus' analysis, Primaris REIT stock appears to be overvalued.
The current stock price of $16.50 is trading 17.2% above its estimated GF Value™ of $14.08.
GuruFocus considers Primaris REIT to be Significantly Overvalued.
Key valuation signals for PMREF:
EV-to-OCF: 20.11 (15% above median its 10-year median of 17.56)
GF Value™: $14.08 vs. price of $16.50 (17.2% above fair value)
Industry Position: 9.4% above the REITs median (#538 of 926)
No single metric tells the full story. See the PMREF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Primaris REIT is an unincorporated, open-ended real estate investment trust. Through its subsidiaries, it owns, develops, and operates a national retail portfolio focused on enclosed shopping centres located in secondary Canadian markets. Its property portfolio includes: Dufferin Mall, Cataraqui Centre, Stone Road Mall, Orchard Park, Kildonan Place, Halifax Shopping Centre, Marlborough Mall, and Devonshire Mall. The company generates a majority of its revenue from the Rent receivables.
78GF Score
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