Bulgarian Real Estate Fund REIT (XBUL:BREF) EV-to-FCF: 23.90 (As of Jul. 14, 2026) — 47% Below Median

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XBUL:BREF Bulgarian Real Estate Fund REIT XBUL:BREF
74 GF Score
Price €2.63
GF Value €15.84
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Bulgarian Real Estate Fund REIT EV-to-FCF?

Bulgarian Real Estate Fund REIT XBUL:BREF +2.33% 74 EV-to-FCF is 23.90 as of Jul. 14, 2026, which is 47% below its 10-year median of 45.41. GuruFocus rates XBUL:BREF with a GF Score™ of 74/100 and a GF Value™ of €15.84 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 739 REITs companies, Bulgarian Real Estate Fund REIT ranks worse than 50.61% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Bulgarian Real Estate Fund REIT's Enterprise Value is €87.01 Mil. Bulgarian Real Estate Fund REIT's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €3.64 Mil. Therefore, Bulgarian Real Estate Fund REIT's EV-to-FCF for today is 23.90.

The historical rank and industry rank for Bulgarian Real Estate Fund REIT's EV-to-FCF or its related term are showing as below:

XBUL:BREF' s EV-to-FCF Range Over the Past 10 Years
Min: -126.74   Med: 45.41   Max: 729.24
Current: 23.33

During the past 13 years, the highest EV-to-FCF of Bulgarian Real Estate Fund REIT was 729.24. The lowest was -126.74. And the median was 45.41.

XBUL:BREF's EV-to-FCF is ranked worse than
50.61% of 739 companies
in the REITs industry
Industry Median: 23.16 vs XBUL:BREF: 23.33

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 (2026-07-14), Bulgarian Real Estate Fund REIT's stock price is €2.63. Bulgarian Real Estate Fund REIT's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was €0.362. Therefore, Bulgarian Real Estate Fund REIT's PE Ratio (TTM) for today is 7.27.


Bulgarian Real Estate Fund REIT  (XBUL:BREF) 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.

Bulgarian Real Estate Fund REIT's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=2.63/0.362
=7.27

Bulgarian Real Estate Fund REIT's share price for today is €2.63.
Bulgarian Real Estate Fund 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 €0.362.

* 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.


Bulgarian Real Estate Fund REIT EV-to-FCF Related Terms


Bulgarian Real Estate Fund REIT EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Bulgarian Real Estate Fund 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.

Bulgarian Real Estate Fund REIT EV-to-FCF Chart

Bulgarian Real Estate Fund REIT Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec22 Dec23 Dec24 Dec25
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.36 67.13 75.70 24.34 -160.24

Bulgarian Real Estate Fund REIT Quarterly Data
Mar21 Jun21 Sep21 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 69.60 56.64 60.43 -160.24 21.89

XBUL:BREF vs VICI, WPC: EV-to-FCF Comparison

For the REIT - Diversified subindustry, Bulgarian Real Estate Fund 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.


Bulgarian Real Estate Fund REIT EV-to-FCF vs REITs Industry

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

* The bar in red indicates where Bulgarian Real Estate Fund REIT's EV-to-FCF falls into.


XBUL:BREF
74GF Score
Bulgarian Real Estate Fund REIT XBUL:BREF
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bulgarian Real Estate Fund REIT EV-to-FCF Calculation

Bulgarian Real Estate Fund REIT's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=87.010/3.64
=23.90

Bulgarian Real Estate Fund REIT's current Enterprise Value is €87.01 Mil.
Bulgarian Real Estate Fund 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 €3.64 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 23.90 mean?
Bulgarian Real Estate Fund REIT (XBUL:BREF) has a EV-to-FCF of 23.90 as of Jul. 14, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Bulgarian Real Estate Fund REIT and its competitors. This is 47% below median its historical median of 45.41. According to the industry distribution chart, Bulgarian Real Estate Fund REIT ranks #374 out of 739 companies in the REITs industry, placing it in the top 50.6%.
Is Bulgarian Real Estate Fund REIT's EV-to-FCF too high?
Bulgarian Real Estate Fund REIT's current EV-to-FCF of 23.90 is 47% below median its 10-year median of 45.41. The REITs industry median EV-to-FCF is 23.16. Bulgarian Real Estate Fund REIT's value of 23.90 is 3.2% above this industry median. Based on the distribution chart, Bulgarian Real Estate Fund REIT ranks #374 out of 739 companies in the REITs industry, which is below the industry midpoint. Overall, Bulgarian Real Estate Fund REIT has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bulgarian Real Estate Fund REIT's EV-to-FCF compare to VICI and WPC?
According to the REITs industry distribution chart, Bulgarian Real Estate Fund REIT ranks #374 out of 739 companies for EV-to-FCF. This places Bulgarian Real Estate Fund REIT in the lower half of its industry. The industry median EV-to-FCF is 23.16. Bulgarian Real Estate Fund REIT's value of 23.90 is 3.2% above this benchmark. While the company's 10-year median is 45.41 vs. the industry median of 23.16, Bulgarian Real Estate Fund 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 23.16, 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. Bulgarian Real Estate Fund REIT's current EV-to-FCF of 23.90 is 3.2% 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 Bulgarian Real Estate Fund REIT and its competitors. For the REITs industry, the median EV-to-FCF is 23.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bulgarian Real Estate Fund REIT's current EV-to-FCF is 23.90, which is 47% below median its own 10-year median of 45.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bulgarian Real Estate Fund REIT stock overvalued right now?
Based on GuruFocus' analysis, Bulgarian Real Estate Fund REIT (XBUL:BREF) is currently considered Possible Value Trap. The stock's GF Value™ is €15.84, compared to a current price of €2.63 — trading 83.4% below its estimated fair value. The current EV-to-FCF is 23.90, which is 47% below median its 10-year median of 45.41 and 3.2% above the REITs industry median of 23.16. Bulgarian Real Estate Fund REIT's overall GF Score™ is 74/100 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 Bulgarian Real Estate Fund REIT (XBUL:BREF), the current EV-to-FCF is 23.90 as of Jul. 14, 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 Bulgarian Real Estate Fund REIT (XBUL:BREF) Overvalued in 2026?

Based on GuruFocus' analysis, Bulgarian Real Estate Fund REIT stock appears to be undervalued. The current stock price of €2.63 is trading 83.4% below its estimated GF Value™ of €15.84. GuruFocus considers Bulgarian Real Estate Fund REIT to be Possible Value Trap.

Key valuation signals for XBUL:BREF:

  • EV-to-FCF: 23.90 (47% below median its 10-year median of 45.41)
  • GF Value™: €15.84 vs. price of €2.63 (83.4% below fair value)
  • GF Score™: 74/100 with 4 warning signs
  • Industry Position: 3.2% above the REITs median (#374 of 739)

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


Bulgarian Real Estate Fund REIT Business Description

Industry Real EstateREITs
Address 111 R Tsarigradsko shose Boulevard, Floor 16, Sofia, BGR, 1784
Bulgarian Real Estate Fund REIT is a special investment purpose joint-stock entity seated in the Republic of Bulgaria. The main activity of the fund is investing the cash funds raised through securities issuance in real property /securitization of real property/ through the purchase of ownership rights and other real rights over real property, carrying out construction and improvements therein for the purpose of making it available for management, renting, leasing and/or sale. Its investment objective is to achieve capital appreciation by means of diversified investments in business buildings, residential and other high-class properties, retail premises and agricultural land on the territory of Bulgaria.
74GF Score

Get the complete analysis for XBUL:BREF

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

€2.63
Price
€15.84
GF Value