FCXXF (First Capital REIT) EV-to-FCF: 132.09 (As of Jul. 08, 2026) — Near Median


FCXXF First Capital REIT FCXXF
70 GF Score
Price $16.36
GF Value $12.64
Valuation Modestly Overvalued
! 7 Warning Signs
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What is First Capital REIT EV-to-FCF?

First Capital REIT FCXXF +0.91% 70 EV-to-FCF is 132.09 as of Jul. 08, 2026, which is 3% below its 10-year median of 136.79. GuruFocus rates FCXXF with a GF Score™ of 70/100 and a GF Value™ of $12.64 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 739 REITs companies, First Capital REIT ranks worse than 94.05% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, First Capital REIT's Enterprise Value is $6,354.9 Mil. First Capital REIT's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $48.1 Mil. Therefore, First Capital REIT's EV-to-FCF for today is 132.09.

The historical rank and industry rank for First Capital REIT's EV-to-FCF or its related term are showing as below:

FCXXF' s EV-to-FCF Range Over the Past 10 Years
Min: -1935.57   Med: 136.79   Max: 1523
Current: 136.44

During the past 13 years, the highest EV-to-FCF of First Capital REIT was 1523.00. The lowest was -1935.57. And the median was 136.79.

FCXXF's EV-to-FCF is ranked worse than
94.05% of 739 companies
in the REITs industry
Industry Median: 22.98 vs FCXXF: 136.44

EV-to-FCF 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 (2026-07-08), First Capital REIT's stock price is $16.358. First Capital REIT's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $3.658. Therefore, First Capital REIT's PE Ratio (TTM) for today is 4.47.


First Capital REIT  (OTCPK:FCXXF) EV-to-FCF Explanation

EV-to-FCF 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.

First Capital REIT's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=16.358/3.658
=4.47

First Capital REIT's share price for today is $16.358.
First Capital REIT's Earnings per Share (Diluted) 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 $3.658.

* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


First Capital REIT EV-to-FCF Related Terms


First Capital REIT EV-to-FCF Historical Data

* Premium members only.

The historical data trend for First Capital REIT's EV-to-FCF 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.

First Capital REIT EV-to-FCF Chart

First Capital REIT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 88.94 61.40 86.39 68.79 134.14

First Capital REIT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-FCF 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 68.76 93.06 108.59 134.14 127.57

FCXXF vs SPG, O, KIM: EV-to-FCF Comparison

For the REIT - Retail subindustry, First Capital REIT's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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.


First Capital REIT EV-to-FCF vs REITs Industry

For the REITs industry and Real Estate sector, First Capital REIT's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where First Capital REIT's EV-to-FCF falls into.


FCXXF
70GF Score
First Capital REIT FCXXF
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Capital REIT EV-to-FCF Calculation

First Capital REIT's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=6354.869/48.111
=132.09

First Capital REIT's current Enterprise Value is $6,354.9 Mil.
First Capital REIT'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 $48.1 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-FCF →
What does a EV-to-FCF of 132.09 mean?
First Capital REIT (FCXXF) has a EV-to-FCF of 132.09 as of Jul. 08, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on First Capital REIT and its competitors. This is near median its historical median of 136.79. According to the industry distribution chart, First Capital REIT ranks #695 out of 739 companies in the REITs industry, placing it in the top 94%.
Is First Capital REIT's EV-to-FCF too high?
First Capital REIT's current EV-to-FCF of 132.09 is near median its 10-year median of 136.79. The REITs industry median EV-to-FCF is 22.98. First Capital REIT's value of 132.09 is 474.8% above this industry median. Based on the distribution chart, First Capital REIT ranks #695 out of 739 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, First Capital REIT has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Capital REIT's EV-to-FCF compare to SPG and O?
According to the REITs industry distribution chart, First Capital REIT ranks #695 out of 739 companies for EV-to-FCF. This places First Capital REIT in the lower half of its industry. The industry median EV-to-FCF is 22.98. First Capital REIT's value of 132.09 is 474.8% above this benchmark. While the company's 10-year median is 136.79 vs. the industry median of 22.98, First Capital 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-FCF for a REITs company?
The median EV-to-FCF among REITs companies is 22.98, based on 739 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Capital REIT's current EV-to-FCF of 132.09 is 474.8% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on First Capital REIT and its competitors. For the REITs industry, the median EV-to-FCF is 22.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Capital REIT's current EV-to-FCF is 132.09, which is near median its own 10-year median of 136.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Capital REIT stock overvalued right now?
Based on GuruFocus' analysis, First Capital REIT (FCXXF) is currently considered Modestly Overvalued. The stock's GF Value™ is $12.64, compared to a current price of $16.36 — trading 29.4% above its estimated fair value. The current EV-to-FCF is 132.09, which is near median its 10-year median of 136.79 and 474.8% above the REITs industry median of 22.98. First Capital REIT's overall GF Score™ is 70/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For First Capital REIT (FCXXF), the current EV-to-FCF is 132.09 as of Jul. 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 First Capital REIT (FCXXF) Overvalued in 2026?

Based on GuruFocus' analysis, First Capital REIT stock appears to be overvalued. The current stock price of $16.36 is trading 29.4% above its estimated GF Value™ of $12.64. GuruFocus considers First Capital REIT to be Modestly Overvalued.

Key valuation signals for FCXXF:

  • EV-to-FCF: 132.09 (near median its 10-year median of 136.79)
  • GF Value™: $12.64 vs. price of $16.36 (29.4% above fair value)
  • GF Score™: 70/100 with 7 warning signs
  • Industry Position: 474.8% above the REITs median (#695 of 739)

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


First Capital REIT Business Description

Industry Real EstateREITs
Other Exchanges Z0H:GermanyFCR.UN:Canada
Address 85 Hanna Avenue, Suite 400, King Liberty Village, Toronto, ON, CAN, M6K 3S3
First Capital REIT is a developer, owner and operator of grocery-anchored, open-air centres in neighbourhoods in Canada's populated centres. The company's focus is on creating thriving neighbourhoods that create value for businesses, residents, communities and investors.
70GF Score

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

$16.36
Price
$12.64
GF Value