National Storage REITNTSGF 78 EV-to-FCF is 45.63 as of Jun. 29, 2026, which is 21% above its 10-year median of 37.78. GuruFocus rates NTSGF with a GF Score™ of 78/100 and a GF Value™ of $1.72. The stock has 11 warning signs investors should review. Among 741 REITs companies, National Storage REIT ranks worse than 77.19% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, National Storage REIT's Enterprise Value is $6,745.3 Mil.
National Storage REIT's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was $147.8 Mil. Therefore, National Storage REIT's EV-to-FCF for today is 45.63.
The historical rank and industry rank for National Storage REIT's EV-to-FCF or its related term are showing as below:
NTSGF'
s EV-to-FCF Range Over the Past 10 Years
Min: 26.95 Med: 37.78 Max: 47.41
Current: 43.29
During the past 12 years, the highest EV-to-FCF of National Storage REIT was 47.41. The lowest was 26.95. And the median was 37.78.
NTSGF's EV-to-FCF is ranked worse than 77.19% of 741
companies
in the REITs industry
Industry Median: 22.98
vs NTSGF: 43.29
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.
National Storage REIT (OTCPK:NTSGF) 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.
National Storage REIT's PE Ratio (TTM) for today is calculated as:
National Storage REIT's share price for today is $1.8312.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. National Storage REIT's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $0.006.
* 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.
* 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 - Industrial subindustry, National Storage 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.
National Storage REIT EV-to-FCF vs REITs Industry
For the REITs industry and Real Estate sector, National Storage REIT's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where National Storage REIT's EV-to-FCF falls into.
National Storage REIT's current Enterprise Value is $6,745.3 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. National Storage REIT's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was $147.8 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.
National Storage REIT (NTSGF) has a EV-to-FCF of 45.63 as of Jun. 29, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on National Storage REIT and its competitors. This is 21% above median its historical median of 37.78. Over the past decade, National Storage REIT's EV-to-FCF has ranged from 26.95 to 47.41. According to the industry distribution chart, National Storage REIT ranks #572 out of 741 companies in the REITs industry, placing it in the top 77.2%.
Is National Storage REIT's EV-to-FCF too high?
National Storage REIT's current EV-to-FCF of 45.63 is 21% above median its 10-year median of 37.78. Over the past 10 years, this metric has ranged from a low of 26.95 to a high of 47.41. The REITs industry median EV-to-FCF is 22.98. National Storage REIT's value of 45.63 is 98.6% above this industry median. Based on the distribution chart, National Storage REIT ranks #572 out of 741 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, National Storage REIT has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does National Storage REIT's EV-to-FCF compare to PLD and PSA?
According to the REITs industry distribution chart, National Storage REIT ranks #572 out of 741 companies for EV-to-FCF. This places National Storage REIT in the lower half of its industry. The industry median EV-to-FCF is 22.98. National Storage REIT's value of 45.63 is 98.6% above this benchmark. Historically, National Storage REIT's own EV-to-FCF has ranged from 26.95 to 47.41 over the past decade. While the company's 10-year median is 37.78 vs. the industry median of 22.98, National Storage 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 741 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. National Storage REIT's current EV-to-FCF of 45.63 is 98.6% 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 National Storage 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. National Storage REIT's current EV-to-FCF is 45.63, which is 21% above median its own 10-year median of 37.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Storage REIT stock overvalued right now?
National Storage REIT (NTSGF) has a current EV-to-FCF of 45.63. The stock's GF Value™ is $1.72, compared to a current price of $1.83 — trading 6.5% above its estimated fair value. The current EV-to-FCF is 45.63, which is 21% above median its 10-year median of 37.78 and 98.6% above the REITs industry median of 22.98. National Storage REIT's overall GF Score™ is 78/100 with 11 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 National Storage REIT (NTSGF), the current EV-to-FCF is 45.63 as of Jun. 29, 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 National Storage REIT (NTSGF) Overvalued in 2026?
Based on GuruFocus' analysis, National Storage REIT stock appears to be overvalued.
The current stock price of $1.83 is trading 6.5% above its estimated GF Value™ of $1.72.
Key valuation signals for NTSGF:
EV-to-FCF: 45.63 (21% above median its 10-year median of 37.78)
GF Value™: $1.72 vs. price of $1.83 (6.5% above fair value)
Industry Position: 98.6% above the REITs median (#572 of 741)
No single metric tells the full story. See the NTSGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Storage REIT is the largest self-storage operator in Australia and New Zealand. Majority of its income is derived from rents. Additional revenue streams come from ancillary products and services such as packaging materials, locks, and insurance. The REIT owns most of the centers it operates, and leases roughly a dozen of the sites secured under long-term agreements. The self-storage industry is fragmented, with three large players in National Storage, the listed Abacus Storage King, and privately owned Kennards, accounting for about one-third of the market. The rest are independent operators, with a single center or a small state-based portfolio of assets. Besides organic rent increases, the company's key growth drivers are acquisitions and developments.
78GF Score
Get the complete analysis for NTSGF
EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NTSGF has been successfully added to your 
