BNL (Broadstone Net Lease) Enterprise Value: $6,815.7 Mil (As of Jun. 27, 2026) ***


BNL Broadstone Net Lease Inc BNL
78 GF Score
Price $21.21
GF Value $17.62
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Broadstone Net Lease Enterprise Value?

Broadstone Net Lease BNL +0.90% 78 Enterprise Value is $6,815.7 Mil as of Jun. 27, 2026. GuruFocus rates BNL with a GF Score™ of 78/100 and a GF Value™ of $17.62 (Modestly Overvalued). The stock has 9 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Broadstone Net Lease's Enterprise Value is $6,815.7 Mil. Broadstone Net Lease's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $229.1 Mil. Therefore, Broadstone Net Lease's EV-to-EBIT ratio for today is 29.75.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Broadstone Net Lease's Enterprise Value is $6,815.7 Mil. Broadstone Net Lease's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $395.2 Mil. Therefore, Broadstone Net Lease's EV-to-EBITDA ratio for today is 17.25.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Broadstone Net Lease's Enterprise Value is $6,815.7 Mil. Broadstone Net Lease's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was $466.8 Mil. Therefore, Broadstone Net Lease's EV-to-Revenue ratio for today is 14.60.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, Broadstone Net Lease's Enterprise Value is $6,815.7 Mil. Broadstone Net Lease's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was $304.1 Mil. Therefore, Broadstone Net Lease's EV-to-OCF ratio for today is 22.41.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Broadstone Net Lease's Enterprise Value is $6,815.7 Mil. Broadstone Net Lease's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $287.4 Mil. Therefore, Broadstone Net Lease's EV-to-FCF ratio for today is 23.71.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


Broadstone Net Lease  (NYSE:BNL) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Broadstone Net Lease's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=6815.748/229.076
=29.75

Broadstone Net Lease's current Enterprise Value is $6,815.7 Mil.
Broadstone Net Lease's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $229.1 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Broadstone Net Lease's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=6815.748/395.191
=17.25

Broadstone Net Lease's current Enterprise Value is $6,815.7 Mil.
Broadstone Net Lease's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $395.2 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Broadstone Net Lease's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=6815.748/466.848
=14.60

Broadstone Net Lease's current Enterprise Value is $6,815.7 Mil.
Broadstone Net Lease's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $466.8 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

Broadstone Net Lease's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=6815.748/304.129
=22.41

Broadstone Net Lease's current Enterprise Value is $6,815.7 Mil.
Broadstone Net Lease's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $304.1 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

Broadstone Net Lease's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=6815.748/287.407
=23.71

Broadstone Net Lease's current Enterprise Value is $6,815.7 Mil.
Broadstone Net Lease's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $287.4 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.


Broadstone Net Lease Enterprise Value Related Terms


Broadstone Net Lease Enterprise Value Historical Data

* Premium members only.

The historical data trend for Broadstone Net Lease's Enterprise Value 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.

Broadstone Net Lease Enterprise Value Chart

Broadstone Net Lease Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5,861.84 5,187.88 5,267.08 5,027.57 5,933.63

Broadstone Net Lease Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Enterprise Value 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 5,380.25 5,302.71 5,808.13 5,933.63 6,252.04

BNL vs GNL, AAT, SAFE: Enterprise Value Comparison

For the REIT - Diversified subindustry, Broadstone Net Lease's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.


Broadstone Net Lease Enterprise Value vs REITs Industry

For the REITs industry and Real Estate sector, Broadstone Net Lease's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Broadstone Net Lease's Enterprise Value falls into.


BNL
78GF Score
Broadstone Net Lease Inc BNL
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Broadstone Net Lease Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Broadstone Net Lease's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

Broadstone Net Lease's Enterprise Value for the quarter that ended in Mar. 2026 is calculated as

* 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 Enterprise Value →
What does a Enterprise Value of $6,815.7 Mil mean?
Broadstone Net Lease (BNL) has a Enterprise Value of $6,815.7 Mil as of Jun. 27, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Broadstone Net Lease and its competitors.
Is Broadstone Net Lease's Enterprise Value too high?
Broadstone Net Lease's current Enterprise Value is $6,815.7 Mil. Overall, Broadstone Net Lease has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Broadstone Net Lease's Enterprise Value compare to GNL and AAT?
Broadstone Net Lease's Enterprise Value of $6,815.7 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a REITs company?
A good Enterprise Value depends on the REITs industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Broadstone Net Lease and its competitors. Broadstone Net Lease's current Enterprise Value is $6,815.7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Broadstone Net Lease stock overvalued right now?
Based on GuruFocus' analysis, Broadstone Net Lease (BNL) is currently considered Modestly Overvalued. The stock's GF Value™ is $17.62, compared to a current price of $21.21 — trading 20.4% above its estimated fair value. The current Enterprise Value is $6,815.7 Mil. Broadstone Net Lease's overall GF Score™ is 78/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Broadstone Net Lease (BNL), the current Enterprise Value is $6,815.7 Mil as of Jun. 27, 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 Broadstone Net Lease (BNL) Overvalued in 2026?

Based on GuruFocus' analysis, Broadstone Net Lease stock appears to be overvalued. The current stock price of $21.21 is trading 20.4% above its estimated GF Value™ of $17.62. GuruFocus considers Broadstone Net Lease to be Modestly Overvalued.

Key valuation signals for BNL:

  • Enterprise Value: $6,815.7 Mil
  • GF Value™: $17.62 vs. price of $21.21 (20.4% above fair value)
  • GF Score™: 78/100 with 9 warning signs

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


Broadstone Net Lease Business Description

Industry Real EstateREITs
Other Exchanges 62XA:Germany
Address 207 High Point Drive, Suite 300, Victor, NY, USA, 14564
Broadstone Net Lease Inc is an internally managed real estate investment trust that invests in, owns, and manages single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. The company has selectively invested in net leased assets in the industrial, healthcare, restaurant, retail, and office property types. The company focuses on investing in real estate that is operated by creditworthy single tenants in industries characterized by positive business drivers and trends. The company targets properties that are an integral part of the tenants' businesses and are therefore opportunities to secure long-term net leases.
78GF Score

Get the complete analysis for BNL

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

$21.21
Price
$17.62
GF Value