TUERF (True North Commercial REIT) EV-to-FCF: 11.80 (As of Aug. 02, 2026) — 26% Below 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.

TUERF True North Commercial REIT TUERF
63 GF Score
Price $6.28
GF Value $7.63
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is True North Commercial REIT EV-to-FCF?

True North Commercial REIT TUERF 63 EV-to-FCF is 11.80 as of Aug. 02, 2026, which is 26% below its 10-year median of 15.99. GuruFocus rates TUERF with a GF Score™ of 63/100 and a GF Value™ of $7.63 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 732 REITs companies, True North Commercial REIT ranks better than 80.74% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, True North Commercial REIT's Enterprise Value is $603.92 Mil. True North Commercial REIT's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $51.18 Mil. Therefore, True North Commercial REIT's EV-to-FCF for today is 11.80.

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

TUERF' s EV-to-FCF Range Over the Past 10 Years
Min: 5.69   Med: 15.99   Max: 25.18
Current: 12.11

During the past 13 years, the highest EV-to-FCF of True North Commercial REIT was 25.18. The lowest was 5.69. And the median was 15.99.

TUERF's EV-to-FCF is ranked better than
80.74% of 732 companies
in the REITs industry
Industry Median: 23.18 vs TUERF: 12.11

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 (2026-08-02), True North Commercial REIT's stock price is $6.28. True North Commercial REIT's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $-1.691. Therefore, True North Commercial REIT's PE Ratio (TTM) for today is At Loss.


True North Commercial REIT  (OTCPK:TUERF) 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.

True North Commercial REIT's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=6.28/-1.691
=At Loss

True North Commercial REIT's share price for today is $6.28.
True North Commercial 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 $-1.691.

* 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.


True North Commercial REIT EV-to-FCF Related Terms


True North Commercial REIT EV-to-FCF Historical Data

* Premium members only.

The historical data trend for True North Commercial 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.

True North Commercial REIT EV-to-FCF Chart

True North Commercial 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 19.04 13.39 13.11 11.94 11.93

True North Commercial REIT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 11.58 10.78 11.09 11.93 11.95

TUERF vs BXP, ARE, VNO: EV-to-FCF Comparison

For the REIT - Office subindustry, True North Commercial 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.


True North Commercial REIT EV-to-FCF vs REITs Industry

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

* The bar in red indicates where True North Commercial REIT's EV-to-FCF falls into.


TUERF
63GF Score
True North Commercial REIT TUERF
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

True North Commercial REIT EV-to-FCF Calculation

True North Commercial REIT's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=603.916/51.179
=11.80

True North Commercial REIT's current Enterprise Value is $603.92 Mil.
True North Commercial 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 $51.18 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 11.80 mean?
True North Commercial REIT (TUERF) has a EV-to-FCF of 11.80 as of Aug. 02, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on True North Commercial REIT and its competitors. This is 26% below median its historical median of 15.99. Over the past decade, True North Commercial REIT's EV-to-FCF has ranged from 5.69 to 25.18. According to the industry distribution chart, True North Commercial REIT ranks #141 out of 732 companies in the REITs industry, placing it in the top 19.3%.
Is True North Commercial REIT's EV-to-FCF too high?
True North Commercial REIT's current EV-to-FCF of 11.80 is 26% below median its 10-year median of 15.99. Over the past 10 years, this metric has ranged from a low of 5.69 to a high of 25.18. The REITs industry median EV-to-FCF is 23.18. True North Commercial REIT's value of 11.80 is 49.1% below this industry median. Based on the distribution chart, True North Commercial REIT ranks #141 out of 732 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, True North Commercial REIT has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does True North Commercial REIT's EV-to-FCF compare to BXP and ARE?
According to the REITs industry distribution chart, True North Commercial REIT ranks #141 out of 732 companies for EV-to-FCF. This places True North Commercial REIT in the top 19% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 23.18. True North Commercial REIT's value of 11.80 is 49.1% below this benchmark. Historically, True North Commercial REIT's own EV-to-FCF has ranged from 5.69 to 25.18 over the past decade. While the company's 10-year median is 15.99 vs. the industry median of 23.18, True North Commercial 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 23.18, based on 732 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. True North Commercial REIT's current EV-to-FCF of 11.80 is 49.1% 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 True North Commercial REIT and its competitors. For the REITs industry, the median EV-to-FCF is 23.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. True North Commercial REIT's current EV-to-FCF is 11.80, which is 26% below median its own 10-year median of 15.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is True North Commercial REIT stock overvalued right now?
Based on GuruFocus' analysis, True North Commercial REIT (TUERF) is currently considered Modestly Undervalued. The stock's GF Value™ is $7.63, compared to a current price of $6.28 — trading 17.7% below its estimated fair value. The current EV-to-FCF is 11.80, which is 26% below median its 10-year median of 15.99 and 49.1% below the REITs industry median of 23.18. True North Commercial REIT's overall GF Score™ is 63/100 with 6 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 True North Commercial REIT (TUERF), the current EV-to-FCF is 11.80 as of Aug. 02, 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 True North Commercial REIT (TUERF) Overvalued in 2026?

Based on GuruFocus' analysis, True North Commercial REIT stock appears to be undervalued. The current stock price of $6.28 is trading 17.7% below its estimated GF Value™ of $7.63. GuruFocus considers True North Commercial REIT to be Modestly Undervalued.

Key valuation signals for TUERF:

  • EV-to-FCF: 11.80 (26% below median its 10-year median of 15.99)
  • GF Value™: $7.63 vs. price of $6.28 (17.7% below fair value)
  • GF Score™: 63/100 with 6 warning signs
  • Industry Position: 49.1% below the REITs median (#141 of 732)

No single metric tells the full story. See the TUERF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


True North Commercial REIT Business Description

Industry Real EstateREITs
Other Exchanges TNT.UN:Canada
Address 3280 Bloor Street West, Suite 1400, Centre Tower, Toronto, ON, CAN, M8X 2X3
True North Commercial REIT is a Canadian-based open-ended Real estate investment trust company. It owns and acquires commercial real estate in Canada. The objective is to maximize the total profit for shareholders. Returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties. It has properties in Alberta, British Columbia, New Brunswick, Nova Scotia, and Ontario.
63GF Score

Get the complete analysis for TUERF

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

$6.28
Price
$7.63
GF Value