EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Tokaido REIT's Enterprise Value is 円71,794 Mil.
Tokaido REIT's Free Cash Flow for the trailing twelve months (TTM) ended in Jan. 2026 was 円-5,086 Mil. Therefore, Tokaido REIT's EV-to-FCF for today is -14.12.
The historical rank and industry rank for Tokaido REIT's EV-to-FCF or its related term are showing as below:
TSE:2989'
s EV-to-FCF Range Over the Past 10 Years
Min: -14.12 Med: -3.64 Max: -0.88
Current: -14.12
During the past 5 years, the highest EV-to-FCF of Tokaido REIT was -0.88. The lowest was -14.12. And the median was -3.64.
TSE:2989's EV-to-FCF is ranked worse than 100% of 739
companies
in the REITs industry
Industry Median: 22.98
vs TSE:2989: -14.12
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.
Tokaido REIT's PE Ratio (TTM) for today is calculated as:
Tokaido REIT's share price for today is 円103600.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Tokaido REIT's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jan. 2026 was 円6709.855.
* 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.
Tokaido REIT EV-to-FCF Related Terms
Tokaido REIT EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Tokaido 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 - Diversified subindustry, Tokaido 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.
Tokaido REIT EV-to-FCF vs REITs Industry
For the REITs industry and Real Estate sector, Tokaido REIT's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Tokaido REIT's EV-to-FCF falls into.
Tokaido REIT's current Enterprise Value is 円71,794 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Tokaido REIT's Free Cash Flow for the trailing twelve months (TTM) ended in Jan. 2026 was 円-5,086 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.
Tokaido REIT (TSE:2989) has a EV-to-FCF of -14.12 as of Jul. 09, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Tokaido REIT and its competitors. According to the industry distribution chart, Tokaido REIT ranks #999999 out of 739 companies in the REITs industry.
Is Tokaido REIT's EV-to-FCF too high?
Tokaido REIT's current EV-to-FCF is -14.12. Based on the distribution chart, Tokaido REIT ranks #999999 out of 739 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Tokaido REIT has a GF Score™ of 44/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tokaido REIT's EV-to-FCF compare to VICI and WPC?
According to the REITs industry distribution chart, Tokaido REIT ranks #999999 out of 739 companies for EV-to-FCF. This places Tokaido REIT 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 739 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 Tokaido 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. Tokaido REIT's current EV-to-FCF is -14.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokaido REIT stock overvalued right now?
Based on GuruFocus' analysis, Tokaido REIT (TSE:2989) is currently considered Modestly Undervalued. The stock's GF Value™ is 円129,557.63, compared to a current price of 円103,600.00 — trading 20% below its estimated fair value. The current EV-to-FCF is -14.12. Tokaido REIT's overall GF Score™ is 44/100 with 4 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 Tokaido REIT (TSE:2989), the current EV-to-FCF is -14.12 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 Tokaido REIT (TSE:2989) Overvalued in 2026?
Based on GuruFocus' analysis, Tokaido REIT stock appears to be undervalued.
The current stock price of 円103,600.00 is trading 20% below its estimated GF Value™ of 円129,557.63.
GuruFocus considers Tokaido REIT to be Modestly Undervalued.
Key valuation signals for TSE:2989:
EV-to-FCF: -14.12
GF Value™: 円129,557.63 vs. price of 円103,600.00 (20% below fair value)
No single metric tells the full story. See the TSE:2989 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokaido REIT Inc is a real estate investment trust that focuses on the Tokaido area, mainly Shizuoka, Aichi, and Mie prefectures. Its Investment targets are divided into two types including "Industrial infrastructure assets" targeting logistics facilities and office buildings, and "Living infrastructure assets" for residential and commercial facilities.
44GF Score
Get the complete analysis for TSE:2989
EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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