EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Japan Excellent's Enterprise Value is €1,653.4 Mil.
Japan Excellent's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €-17.7 Mil. Therefore, Japan Excellent's EV-to-FCF for today is -93.61.
The historical rank and industry rank for Japan Excellent's EV-to-FCF or its related term are showing as below:
FRA:81L'
s EV-to-FCF Range Over the Past 10 Years
Min: -246.62 Med: 19.9 Max: 115.75
Current: -143.07
During the past 13 years, the highest EV-to-FCF of Japan Excellent was 115.75. The lowest was -246.62. And the median was 19.90.
FRA:81L's EV-to-FCF is ranked worse than 100% of 738
companies
in the REITs industry
Industry Median: 22.975
vs FRA:81L: -143.07
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.
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.
Japan Excellent's PE Ratio (TTM) for today is calculated as:
Japan Excellent's share price for today is €730.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Japan Excellent's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €38.893.
* 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.
Japan Excellent EV-to-FCF Related Terms
Japan Excellent EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Japan Excellent'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.
For the REIT - Office subindustry, Japan Excellent'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.
Japan Excellent EV-to-FCF vs REITs Industry
For the REITs industry and Real Estate sector, Japan Excellent's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Japan Excellent's EV-to-FCF falls into.
Japan Excellent's current Enterprise Value is €1,653.4 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Japan Excellent's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €-17.7 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.
Japan Excellent (FRA:81L) has a EV-to-FCF of -93.61 as of Jul. 09, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Japan Excellent and its competitors. According to the industry distribution chart, Japan Excellent ranks #999999 out of 738 companies in the REITs industry.
Is Japan Excellent's EV-to-FCF too high?
Japan Excellent's current EV-to-FCF is -93.61. Based on the distribution chart, Japan Excellent ranks #999999 out of 738 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Japan Excellent has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Japan Excellent's EV-to-FCF compare to BXP and ARE?
According to the REITs industry distribution chart, Japan Excellent ranks #999999 out of 738 companies for EV-to-FCF. This places Japan Excellent in the lower half of its industry. The industry median EV-to-FCF is 22.98. 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 738 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. 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 Japan Excellent 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. Japan Excellent's current EV-to-FCF is -93.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Excellent stock overvalued right now?
Japan Excellent (FRA:81L) has a current EV-to-FCF of -93.61. The stock's GF Value™ is €673.35, compared to a current price of €730.00 — trading 8.4% above its estimated fair value. The current EV-to-FCF is -93.61. Japan Excellent's overall GF Score™ is 63/100 with 9 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 Japan Excellent (FRA:81L), the current EV-to-FCF is -93.61 as of Jul. 09, 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 Japan Excellent (FRA:81L) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Excellent stock appears to be overvalued.
The current stock price of €730.00 is trading 8.4% above its estimated GF Value™ of €673.35.
Key valuation signals for FRA:81L:
EV-to-FCF: -93.61
GF Value™: €673.35 vs. price of €730.00 (8.4% above fair value)
No single metric tells the full story. See the FRA:81L stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Excellent Inc is a real estate investment trust. It mainly invests in office buildings located in major metropolitan areas and pursues to create a portfolio that produces stable growth of income by acquiring properties. The company's portfolio of assets is managed by Japan Excellent Asset Management Co., Ltd.
63GF Score
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EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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