BHG Retail REIT (SGX:BMGU) EV-to-FCF: 45.91 (As of Sep. 07, 2026) — 66% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SGX:BMGU BHG Retail REIT SGX:BMGU
37 GF Score
Price S$0.45
GF Value S$0.41
Valuation Fairly Valued
! 10 Warning Signs
View Full Analysis

What is BHG Retail REIT EV-to-FCF?

BHG Retail REIT SGX:BMGU 37 EV-to-FCF is 45.91 as of Sep. 07, 2026, which is 66% above its 10-year median of 27.70. GuruFocus rates SGX:BMGU with a GF Score™ of 37/100 and a GF Value™ of S$0.41 (Fairly Valued). The stock has 10 warning signs investors should review. Among 733 REITs companies, BHG Retail REIT ranks worse than 79.67% on this metric.

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$684.73 Mil. BHG Retail REIT's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 was S$14.92 Mil. Therefore, BHG Retail REIT's EV-to-FCF for today is 45.91.

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

SGX:BMGU' s EV-to-FCF Range Over the Past 10 Years
Min: 16.73   Med: 27.7   Max: 47.71
Current: 45.91

During the past 10 years, the highest EV-to-FCF of BHG Retail REIT was 47.71. The lowest was 16.73. And the median was 27.70.

SGX:BMGU's EV-to-FCF is ranked worse than
79.67% of 733 companies
in the REITs industry
Industry Median: 21.88 vs SGX:BMGU: 45.91

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 (2026-09-07), BHG Retail REIT's stock price is S$0.45. BHG Retail REIT's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was S$-0.004. Therefore, BHG Retail REIT's PE Ratio (TTM) for today is At Loss.


BHG Retail REIT  (SGX:BMGU) 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.

BHG Retail REIT's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=0.45/-0.004
=At Loss

BHG Retail REIT's share price for today is S$0.45.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. BHG Retail REIT's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was S$-0.004.

* 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.


BHG Retail REIT EV-to-FCF Related Terms


BHG Retail REIT EV-to-FCF Historical Data

* Premium members only.

The historical data trend for BHG Retail 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.

BHG Retail REIT EV-to-FCF Chart

BHG Retail 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 25.18 40.80 27.60 37.85 45.48

BHG Retail REIT Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 0.00 37.85 0.00 45.48 0.00

SGX:BMGU vs SPG, O, KIM: EV-to-FCF Comparison

For the REIT - Retail subindustry, BHG Retail 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.


BHG Retail REIT EV-to-FCF vs REITs Industry

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

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


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

BHG Retail REIT EV-to-FCF Calculation

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

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=684.734/14.916
=45.91

BHG Retail REIT's current Enterprise Value is S$684.73 Mil.
For company reported semi-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 Jun. 2026 was S$14.92 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 45.91 mean?
BHG Retail REIT (SGX:BMGU) has a EV-to-FCF of 45.91 as of Sep. 07, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on BHG Retail REIT and its competitors. This is 66% above median its historical median of 27.70. Over the past decade, BHG Retail REIT's EV-to-FCF has ranged from 16.73 to 47.71. According to the industry distribution chart, BHG Retail REIT ranks #584 out of 733 companies in the REITs industry, placing it in the top 79.7%.
Is BHG Retail REIT's EV-to-FCF too high?
BHG Retail REIT's current EV-to-FCF of 45.91 is 66% above median its 10-year median of 27.70. Over the past 10 years, this metric has ranged from a low of 16.73 to a high of 47.71. The REITs industry median EV-to-FCF is 21.88. BHG Retail REIT's value of 45.91 is 109.8% above this industry median. Based on the distribution chart, BHG Retail REIT ranks #584 out of 733 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, BHG Retail REIT has a GF Score™ of 37/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BHG Retail REIT's EV-to-FCF compare to SPG and O?
According to the REITs industry distribution chart, BHG Retail REIT ranks #584 out of 733 companies for EV-to-FCF. This places BHG Retail REIT in the lower half of its industry. The industry median EV-to-FCF is 21.88. BHG Retail REIT's value of 45.91 is 109.8% above this benchmark. Historically, BHG Retail REIT's own EV-to-FCF has ranged from 16.73 to 47.71 over the past decade. While the company's 10-year median is 27.70 vs. the industry median of 21.88, BHG Retail 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 21.88, based on 733 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. BHG Retail REIT's current EV-to-FCF of 45.91 is 109.8% 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 BHG Retail REIT and its competitors. For the REITs industry, the median EV-to-FCF is 21.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BHG Retail REIT's current EV-to-FCF is 45.91, which is 66% above median its own 10-year median of 27.70. 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 Fairly Valued. The stock's GF Value™ is S$0.41, compared to a current price of S$0.45 — trading 9.8% above its estimated fair value. The current EV-to-FCF is 45.91, which is 66% above median its 10-year median of 27.70 and 109.8% above the REITs industry median of 21.88. BHG Retail REIT's overall GF Score™ is 37/100 with 10 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 BHG Retail REIT (SGX:BMGU), the current EV-to-FCF is 45.91 as of Sep. 07, 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 9.8% above its estimated GF Value™ of S$0.41. GuruFocus considers BHG Retail REIT to be Fairly Valued.

Key valuation signals for SGX:BMGU:

  • EV-to-FCF: 45.91 (66% above median its 10-year median of 27.70)
  • GF Value™: S$0.41 vs. price of S$0.45 (9.8% above fair value)
  • GF Score™: 37/100 with 10 warning signs
  • Industry Position: 109.8% above the REITs median (#584 of 733)

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

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

S$0.45
Price
S$0.41
GF Value