Manulife US REIT (SGX:BTOU) EV-to-FCF: 87.15 (As of Jul. 23, 2026) — 168% Above Median

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What is Manulife US REIT EV-to-FCF?

Manulife US REIT SGX:BTOU +2.00% EV-to-FCF is 87.15 as of Jul. 23, 2026, which is 168% above its 10-year median of 32.56. The stock has 7 warning signs investors should review. Among 736 REITs companies, Manulife US REIT ranks worse than 90.08% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Manulife US REIT's Enterprise Value is $607.5 Mil. Manulife US REIT's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was $7.0 Mil. Therefore, Manulife US REIT's EV-to-FCF for today is 87.15.

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

SGX:BTOU' s EV-to-FCF Range Over the Past 10 Years
Min: 14.85   Med: 32.56   Max: 109.37
Current: 87.15

During the past 13 years, the highest EV-to-FCF of Manulife US REIT was 109.37. The lowest was 14.85. And the median was 32.56.

SGX:BTOU's EV-to-FCF is ranked worse than
90.08% of 736 companies
in the REITs industry
Industry Median: 23.45 vs SGX:BTOU: 87.15

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 (2026-07-23), Manulife US REIT's stock price is $0.051. Manulife US REIT's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $-0.045. Therefore, Manulife US REIT's PE Ratio (TTM) for today is At Loss.


Manulife US REIT  (SGX:BTOU) 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.

Manulife US REIT's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=0.051/-0.045
=At Loss

Manulife US REIT's share price for today is $0.051.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Manulife US REIT's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $-0.045.

* 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.


Manulife US REIT EV-to-FCF Related Terms


Manulife US REIT EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Manulife US 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.

Manulife US REIT EV-to-FCF Chart

Manulife US 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 34.10 21.77 28.92 106.61 92.25

Manulife US REIT Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 28.92 0.00 106.61 0.00 92.25

SGX:BTOU vs BXP, ARE, VNO: EV-to-FCF Comparison

For the REIT - Office subindustry, Manulife US 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.


Manulife US REIT EV-to-FCF vs REITs Industry

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

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



Manulife US REIT EV-to-FCF Calculation

Manulife US REIT's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=607.546/6.971
=87.15

Manulife US REIT's current Enterprise Value is $607.5 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Manulife US REIT's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was $7.0 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 87.15 mean?
Manulife US REIT (SGX:BTOU) has a EV-to-FCF of 87.15 as of Jul. 23, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Manulife US REIT and its competitors. This is 168% above median its historical median of 32.56. Over the past decade, Manulife US REIT's EV-to-FCF has ranged from 14.85 to 109.37. According to the industry distribution chart, Manulife US REIT ranks #663 out of 736 companies in the REITs industry, placing it in the top 90.1%.
Is Manulife US REIT's EV-to-FCF too high?
Manulife US REIT's current EV-to-FCF of 87.15 is 168% above median its 10-year median of 32.56. Over the past 10 years, this metric has ranged from a low of 14.85 to a high of 109.37. The REITs industry median EV-to-FCF is 23.45. Manulife US REIT's value of 87.15 is 271.6% above this industry median. Based on the distribution chart, Manulife US REIT ranks #663 out of 736 companies in the REITs industry, which is in the bottom quartile relative to peers.
How does Manulife US REIT's EV-to-FCF compare to BXP and ARE?
According to the REITs industry distribution chart, Manulife US REIT ranks #663 out of 736 companies for EV-to-FCF. This places Manulife US REIT in the lower half of its industry. The industry median EV-to-FCF is 23.45. Manulife US REIT's value of 87.15 is 271.6% above this benchmark. Historically, Manulife US REIT's own EV-to-FCF has ranged from 14.85 to 109.37 over the past decade. While the company's 10-year median is 32.56 vs. the industry median of 23.45, Manulife US 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 23.45, based on 736 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. Manulife US REIT's current EV-to-FCF of 87.15 is 271.6% 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 Manulife US REIT and its competitors. For the REITs industry, the median EV-to-FCF is 23.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manulife US REIT's current EV-to-FCF is 87.15, which is 168% above median its own 10-year median of 32.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manulife US REIT stock overvalued right now?
Based on GuruFocus' analysis, Manulife US REIT (SGX:BTOU) is currently considered Fairly Valued. The stock's GF Value™ is $0.05, compared to a current price of $0.05 — trading 2% above its estimated fair value. The current EV-to-FCF is 87.15, which is 168% above median its 10-year median of 32.56 and 271.6% above the REITs industry median of 23.45. 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 Manulife US REIT (SGX:BTOU), the current EV-to-FCF is 87.15 as of Jul. 23, 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.

Manulife US REIT Business Description

Industry Real EstateREITs
Address 8 Cross Street, No.16-03 Manulife Tower, Singapore, SGP, 048424
Manulife US REIT is a pure-play U.S. office REIT in Asia. The company along with its subsidiaries invests, directly or indirectly, in a portfolio of income-producing office real estate in markets in the U.S., as well as real estate-related assets. The Group's investment properties comprise commercial office properties. Some of its properties include Figueroa and Michelson in California along with Plaza and Exchange in New Jersey. Geographically, the majority is derived from the United States.