Bulgarian Real Estate Fund REIT (XBUL:BREF) EV-to-OCF: 26.18 (As of Aug. 07, 2026) — 42% Below Median

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XBUL:BREF Bulgarian Real Estate Fund REIT XBUL:BREF
74 GF Score
Price €2.69
GF Value €27.56
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Bulgarian Real Estate Fund REIT EV-to-OCF?

Bulgarian Real Estate Fund REIT XBUL:BREF +0.37% 74 EV-to-OCF is 26.18 as of Aug. 07, 2026, which is 42% below its 10-year median of 45.41. GuruFocus rates XBUL:BREF with a GF Score™ of 74/100 and a GF Value™ of €27.56 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 926 REITs companies, Bulgarian Real Estate Fund REIT ranks worse than 72.89% on this metric.

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Bulgarian Real Estate Fund REIT's Enterprise Value is €69.10 Mil. Bulgarian Real Estate Fund REIT's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was €2.64 Mil. Therefore, Bulgarian Real Estate Fund REIT's EV-to-OCF for today is 26.18.

The historical rank and industry rank for Bulgarian Real Estate Fund REIT's EV-to-OCF or its related term are showing as below:

XBUL:BREF' s EV-to-OCF Range Over the Past 10 Years
Min: -126.74   Med: 45.41   Max: 729.24
Current: 26.05

During the past 13 years, the highest EV-to-OCF of Bulgarian Real Estate Fund REIT was 729.24. The lowest was -126.74. And the median was 45.41.

XBUL:BREF's EV-to-OCF is ranked worse than
72.89% of 926 companies
in the REITs industry
Industry Median: 18.375 vs XBUL:BREF: 26.05

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 (2026-08-07), Bulgarian Real Estate Fund REIT's stock price is €2.69. Bulgarian Real Estate Fund REIT's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was €0.415. Therefore, Bulgarian Real Estate Fund REIT's PE Ratio (TTM) for today is 6.48.


Bulgarian Real Estate Fund REIT  (XBUL:BREF) 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.

Bulgarian Real Estate Fund REIT's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=2.69/0.415
=6.48

Bulgarian Real Estate Fund REIT's share price for today is €2.69.
Bulgarian Real Estate Fund 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 €0.415.

* 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.


Bulgarian Real Estate Fund REIT EV-to-OCF Related Terms


Bulgarian Real Estate Fund REIT EV-to-OCF Historical Data

* Premium members only.

The historical data trend for Bulgarian Real Estate Fund 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.

Bulgarian Real Estate Fund REIT EV-to-OCF Chart

Bulgarian Real Estate Fund REIT Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec22 Dec23 Dec24 Dec25
EV-to-OCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.24 66.69 74.89 24.34 -160.53

Bulgarian Real Estate Fund REIT Quarterly Data
Jun21 Sep21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 56.64 60.43 -160.53 21.89 25.53

XBUL:BREF vs VICI, WPC: EV-to-OCF Comparison

For the REIT - Diversified subindustry, Bulgarian Real Estate Fund 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.


Bulgarian Real Estate Fund REIT EV-to-OCF vs REITs Industry

For the REITs industry and Real Estate sector, Bulgarian Real Estate Fund REIT's EV-to-OCF distribution charts can be found below:

* The bar in red indicates where Bulgarian Real Estate Fund REIT's EV-to-OCF falls into.


XBUL:BREF
74GF Score
Bulgarian Real Estate Fund REIT XBUL:BREF
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bulgarian Real Estate Fund REIT EV-to-OCF Calculation

Bulgarian Real Estate Fund REIT's EV-to-OCF for today is calculated as:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=69.101/2.639
=26.18

Bulgarian Real Estate Fund REIT's current Enterprise Value is €69.10 Mil.
Bulgarian Real Estate Fund 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 €2.64 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 26.18 mean?
Bulgarian Real Estate Fund REIT (XBUL:BREF) has a EV-to-OCF of 26.18 as of Aug. 07, 2026. This is 42% below median its historical median of 45.41. According to the industry distribution chart, Bulgarian Real Estate Fund REIT ranks #675 out of 926 companies in the REITs industry, placing it in the top 72.9%.
Is Bulgarian Real Estate Fund REIT's EV-to-OCF too high?
Bulgarian Real Estate Fund REIT's current EV-to-OCF of 26.18 is 42% below median its 10-year median of 45.41. The REITs industry median EV-to-OCF is 18.38. Bulgarian Real Estate Fund REIT's value of 26.18 is 42.5% above this industry median. Based on the distribution chart, Bulgarian Real Estate Fund REIT ranks #675 out of 926 companies in the REITs industry, which is below the industry midpoint. Overall, Bulgarian Real Estate Fund REIT has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bulgarian Real Estate Fund REIT's EV-to-OCF compare to VICI and WPC?
According to the REITs industry distribution chart, Bulgarian Real Estate Fund REIT ranks #675 out of 926 companies for EV-to-OCF. This places Bulgarian Real Estate Fund REIT in the lower half of its industry. The industry median EV-to-OCF is 18.38. Bulgarian Real Estate Fund REIT's value of 26.18 is 42.5% above this benchmark. While the company's 10-year median is 45.41 vs. the industry median of 18.38, Bulgarian Real Estate Fund 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. Bulgarian Real Estate Fund REIT's current EV-to-OCF of 26.18 is 42.5% 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. Bulgarian Real Estate Fund REIT's current EV-to-OCF is 26.18, which is 42% below median its own 10-year median of 45.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bulgarian Real Estate Fund REIT stock overvalued right now?
Based on GuruFocus' analysis, Bulgarian Real Estate Fund REIT (XBUL:BREF) is currently considered Possible Value Trap. The stock's GF Value™ is €27.56, compared to a current price of €2.69 — trading 90.2% below its estimated fair value. The current EV-to-OCF is 26.18, which is 42% below median its 10-year median of 45.41 and 42.5% above the REITs industry median of 18.38. Bulgarian Real Estate Fund REIT's overall GF Score™ is 74/100 with 3 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 Bulgarian Real Estate Fund REIT (XBUL:BREF), the current EV-to-OCF is 26.18 as of Aug. 07, 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 Bulgarian Real Estate Fund REIT (XBUL:BREF) Overvalued in 2026?

Based on GuruFocus' analysis, Bulgarian Real Estate Fund REIT stock appears to be undervalued. The current stock price of €2.69 is trading 90.2% below its estimated GF Value™ of €27.56. GuruFocus considers Bulgarian Real Estate Fund REIT to be Possible Value Trap.

Key valuation signals for XBUL:BREF:

  • EV-to-OCF: 26.18 (42% below median its 10-year median of 45.41)
  • GF Value™: €27.56 vs. price of €2.69 (90.2% below fair value)
  • GF Score™: 74/100 with 3 warning signs
  • Industry Position: 42.5% above the REITs median (#675 of 926)

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


Bulgarian Real Estate Fund REIT Business Description

Industry Real EstateREITs
Address 111 R Tsarigradsko shose Boulevard, Floor 16, Sofia, BGR, 1784
Bulgarian Real Estate Fund REIT is a special investment purpose joint-stock entity seated in the Republic of Bulgaria. The main activity of the fund is investing the cash funds raised through securities issuance in real property /securitization of real property/ through the purchase of ownership rights and other real rights over real property, carrying out construction and improvements therein for the purpose of making it available for management, renting, leasing and/or sale. Its investment objective is to achieve capital appreciation by means of diversified investments in business buildings, residential and other high-class properties, retail premises and agricultural land on the territory of Bulgaria.
74GF Score

Get the complete analysis for XBUL:BREF

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

€2.69
Price
€27.56
GF Value