BHG Retail REIT (SGX:BMGU) Enterprise Value: S$672.95 Mil (As of Aug. 03, 2026) ***

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SGX:BMGU BHG Retail REIT SGX:BMGU
37 GF Score
Price S$0.45
GF Value S$0.40
Valuation Modestly Overvalued
! 11 Warning Signs
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What is BHG Retail REIT Enterprise Value?

BHG Retail REIT SGX:BMGU 37 Enterprise Value is S$672.95 Mil as of Aug. 03, 2026. GuruFocus rates SGX:BMGU with a GF Score™ of 37/100 and a GF Value™ of S$0.40 (Modestly Overvalued). The stock has 11 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, BHG Retail REIT's Enterprise Value is S$672.95 Mil. BHG Retail REIT's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was S$20.37 Mil. Therefore, BHG Retail REIT's EV-to-EBIT ratio for today is 33.04.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, BHG Retail REIT's Enterprise Value is S$672.95 Mil. BHG Retail REIT's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was S$20.50 Mil. Therefore, BHG Retail REIT's EV-to-EBITDA ratio for today is 32.83.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, BHG Retail REIT's Enterprise Value is S$672.95 Mil. BHG Retail REIT's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was S$55.11 Mil. Therefore, BHG Retail REIT's EV-to-Revenue ratio for today is 12.21.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, BHG Retail REIT's Enterprise Value is S$672.95 Mil. BHG Retail REIT's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was S$15.40 Mil. Therefore, BHG Retail REIT's EV-to-OCF ratio for today is 43.71.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, BHG Retail REIT's Enterprise Value is S$672.95 Mil. BHG Retail REIT's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was S$14.68 Mil. Therefore, BHG Retail REIT's EV-to-FCF ratio for today is 45.83.

*** 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.


BHG Retail REIT  (SGX:BMGU) 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.

BHG Retail REIT's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=672.949/20.365
=33.04

BHG Retail REIT's current Enterprise Value is S$672.95 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. BHG Retail REIT's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was S$20.37 Mil.

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

BHG Retail REIT's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=672.949/20.497
=32.83

BHG Retail REIT's current Enterprise Value is S$672.95 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. BHG Retail REIT's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was S$20.50 Mil.

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

BHG Retail REIT's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=672.949/55.106
=12.21

BHG Retail REIT's current Enterprise Value is S$672.95 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. BHG Retail REIT's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was S$55.11 Mil.

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

BHG Retail REIT's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=672.949/15.395
=43.71

BHG Retail REIT's current Enterprise Value is S$672.95 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. BHG Retail REIT's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was S$15.40 Mil.

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

BHG Retail REIT's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=672.949/14.682
=45.83

BHG Retail REIT's current Enterprise Value is S$672.95 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. BHG Retail REIT's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was S$14.68 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.


BHG Retail REIT Enterprise Value Related Terms


BHG Retail REIT Enterprise Value Historical Data

* Premium members only.

The historical data trend for BHG Retail REIT'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.

BHG Retail REIT Enterprise Value Chart

BHG Retail REIT 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 745.70 686.89 667.25 671.51 667.75

BHG Retail REIT Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 667.25 691.23 671.51 660.88 667.75

SGX:BMGU vs SPG, O, KIM: Enterprise Value Comparison

For the REIT - Retail subindustry, BHG Retail REIT'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.


BHG Retail REIT Enterprise Value vs REITs Industry

For the REITs industry and Real Estate sector, BHG Retail REIT's Enterprise Value distribution charts can be found below:

* The bar in red indicates where BHG Retail REIT's Enterprise Value falls into.


SGX:BMGU
37GF Score
BHG Retail REIT SGX:BMGU
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BHG Retail REIT 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.

BHG Retail REIT's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

BHG Retail REIT's Enterprise Value for the quarter that ended in Dec. 2025 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 S$672.95 Mil mean?
BHG Retail REIT (SGX:BMGU) has a Enterprise Value of S$672.95 Mil as of Aug. 03, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on BHG Retail REIT and its competitors.
Is BHG Retail REIT's Enterprise Value too high?
BHG Retail REIT's current Enterprise Value is S$672.95 Mil. Overall, BHG Retail REIT has a GF Score™ of 37/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BHG Retail REIT's Enterprise Value compare to SPG and O?
BHG Retail REIT's Enterprise Value of S$672.95 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 BHG Retail REIT and its competitors. BHG Retail REIT's current Enterprise Value is S$672.95 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BHG Retail REIT stock overvalued right now?
Based on GuruFocus' analysis, BHG Retail REIT (SGX:BMGU) is currently considered Modestly Overvalued. The stock's GF Value™ is S$0.40, compared to a current price of S$0.45 — trading 11.3% above its estimated fair value. The current Enterprise Value is S$672.95 Mil. BHG Retail REIT's overall GF Score™ is 37/100 with 11 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 BHG Retail REIT (SGX:BMGU), the current Enterprise Value is S$672.95 Mil 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 BHG Retail REIT (SGX:BMGU) Overvalued in 2026?

Based on GuruFocus' analysis, BHG Retail REIT stock appears to be overvalued. The current stock price of S$0.45 is trading 11.3% above its estimated GF Value™ of S$0.40. GuruFocus considers BHG Retail REIT to be Modestly Overvalued.

Key valuation signals for SGX:BMGU:

  • Enterprise Value: S$672.95 Mil
  • GF Value™: S$0.40 vs. price of S$0.45 (11.3% above fair value)
  • GF Score™: 37/100 with 11 warning signs

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


BHG Retail REIT Business Description

Industry Real EstateREITs
Address 12 Marina Boulevard, Level 44, Marina Bay Financial Centre, Tower 3, Singapore, SGP, 018982
BHG Retail REIT invests directly or indirectly, in a diversified portfolio of income-producing real estate that is used for retail purposes. Its portfolio comprises six retail properties, Beijing Wanliu Mall, Chengdu Konggang Mall, Hefei Mengchenglu Mall, Hefei Changjiangxilu, Xining Huayuan Mall and Dalian Jinsanjiao Property.
37GF Score

Get the complete analysis for SGX:BMGU

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

S$0.45
Price
S$0.40
GF Value