Primaris REITPMREF 83 EV-to-FCF is 20.21 as of Jun. 24, 2026, which is 19% above its 10-year median of 16.92. GuruFocus rates PMREF with a GF Score™ of 83/100 and a GF Value™ of $13.25 (Fairly Valued). The stock has 8 warning signs investors should review. Among 740 REITs companies, Primaris REIT ranks better than 56.89% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Primaris REIT's Enterprise Value is $3,285.2 Mil.
Primaris REIT's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $162.6 Mil. Therefore, Primaris REIT's EV-to-FCF for today is 20.21.
The historical rank and industry rank for Primaris REIT's EV-to-FCF or its related term are showing as below:
PMREF'
s EV-to-FCF Range Over the Past 10 Years
Min: -54.79 Med: 16.92 Max: 21.36
Current: 20.54
During the past 13 years, the highest EV-to-FCF of Primaris REIT was 21.36. The lowest was -54.79. And the median was 16.92.
PMREF's EV-to-FCF is ranked better than 56.89% of 740
companies
in the REITs industry
Industry Median: 23.095
vs PMREF: 20.54
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.
Primaris REIT's PE Ratio (TTM) for today is calculated as:
Primaris REIT's share price for today is $14.30.
Primaris 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 $1.252.
* 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.
Primaris REIT EV-to-FCF Related Terms
Primaris REIT EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Primaris 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.
For the REIT - Retail subindustry, Primaris 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.
Primaris REIT EV-to-FCF vs REITs Industry
For the REITs industry and Real Estate sector, Primaris REIT's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Primaris REIT's EV-to-FCF falls into.
Primaris REIT's current Enterprise Value is $3,285.2 Mil.
Primaris 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 $162.6 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.
Primaris REIT (PMREF) has a EV-to-FCF of 20.21 as of Jun. 24, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Primaris REIT and its competitors. This is 19% above median its historical median of 16.92. According to the industry distribution chart, Primaris REIT ranks #319 out of 740 companies in the REITs industry, placing it in the top 43.1%.
Is Primaris REIT's EV-to-FCF too high?
Primaris REIT's current EV-to-FCF of 20.21 is 19% above median its 10-year median of 16.92. The REITs industry median EV-to-FCF is 23.10. Primaris REIT's value of 20.21 is 12.5% below this industry median. Based on the distribution chart, Primaris REIT ranks #319 out of 740 companies in the REITs industry, which is above the industry midpoint. Overall, Primaris REIT has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Primaris REIT's EV-to-FCF compare to SPG and O?
According to the REITs industry distribution chart, Primaris REIT ranks #319 out of 740 companies for EV-to-FCF. This puts Primaris REIT in the upper half of its industry. The industry median EV-to-FCF is 23.10. Primaris REIT's value of 20.21 is 12.5% below this benchmark. While the company's 10-year median is 16.92 vs. the industry median of 23.10, Primaris REIT has consistently been below 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 23.10, based on 740 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. Primaris REIT's current EV-to-FCF of 20.21 is 12.5% below 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 Primaris REIT and its competitors. For the REITs industry, the median EV-to-FCF is 23.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Primaris REIT's current EV-to-FCF is 20.21, which is 19% above median its own 10-year median of 16.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Primaris REIT stock overvalued right now?
Based on GuruFocus' analysis, Primaris REIT (PMREF) is currently considered Fairly Valued. The stock's GF Value™ is $13.25, compared to a current price of $14.30 — trading 7.9% above its estimated fair value. The current EV-to-FCF is 20.21, which is 19% above median its 10-year median of 16.92 and 12.5% below the REITs industry median of 23.10. Primaris REIT's overall GF Score™ is 83/100 with 8 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 Primaris REIT (PMREF), the current EV-to-FCF is 20.21 as of Jun. 24, 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 Primaris REIT (PMREF) Overvalued in 2026?
Based on GuruFocus' analysis, Primaris REIT stock appears to be overvalued.
The current stock price of $14.30 is trading 7.9% above its estimated GF Value™ of $13.25.
GuruFocus considers Primaris REIT to be Fairly Valued.
Key valuation signals for PMREF:
EV-to-FCF: 20.21 (19% above median its 10-year median of 16.92)
GF Value™: $13.25 vs. price of $14.30 (7.9% above fair value)
Industry Position: 12.5% below the REITs median (#319 of 740)
No single metric tells the full story. See the PMREF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Primaris REIT is an unincorporated, open-ended real estate investment trust. Through its subsidiaries, it owns, develops, and operates a national retail portfolio focused on enclosed shopping centres located in secondary Canadian markets. Its property portfolio includes: Dufferin Mall, Cataraqui Centre, Stone Road Mall, Orchard Park, Kildonan Place, Halifax Shopping Centre, Marlborough Mall, and Devonshire Mall. The company generates a majority of its revenue from the Rent receivables.
83GF Score
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