Balkan and Sea Properties Reit-Varna (XBUL:BSP) EV-to-FCF: 60.20 (As of Jul. 14, 2026) — 135% 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.

XBUL:BSP Balkan and Sea Properties Reit-Varna XBUL:BSP
54 GF Score
Price €12.80
GF Value €147.82
Valuation Significantly Undervalued
! 6 Warning Signs
View Full Analysis

What is Balkan and Sea Properties Reit-Varna EV-to-FCF?

Balkan and Sea Properties Reit-Varna XBUL:BSP 54 EV-to-FCF is 60.20 as of Jul. 14, 2026, which is 135% above its 10-year median of 25.58. GuruFocus rates XBUL:BSP with a GF Score™ of 54/100 and a GF Value™ of €147.82 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 739 REITs companies, Balkan and Sea Properties Reit-Varna ranks worse than 84.3% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Balkan and Sea Properties Reit-Varna's Enterprise Value is €108.01 Mil. Balkan and Sea Properties Reit-Varna's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €1.79 Mil. Therefore, Balkan and Sea Properties Reit-Varna's EV-to-FCF for today is 60.20.

The historical rank and industry rank for Balkan and Sea Properties Reit-Varna's EV-to-FCF or its related term are showing as below:

XBUL:BSP' s EV-to-FCF Range Over the Past 10 Years
Min: -1257.08   Med: 25.58   Max: 950.97
Current: 60.2

During the past 13 years, the highest EV-to-FCF of Balkan and Sea Properties Reit-Varna was 950.97. The lowest was -1257.08. And the median was 25.58.

XBUL:BSP's EV-to-FCF is ranked worse than
84.3% of 739 companies
in the REITs industry
Industry Median: 23.16 vs XBUL:BSP: 60.20

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), Balkan and Sea Properties Reit-Varna's stock price is €12.80. Balkan and Sea Properties Reit-Varna's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was €0.074. Therefore, Balkan and Sea Properties Reit-Varna's PE Ratio (TTM) for today is 172.97.


Balkan and Sea Properties Reit-Varna  (XBUL:BSP) 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.

Balkan and Sea Properties Reit-Varna's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=12.80/0.074
=172.97

Balkan and Sea Properties Reit-Varna's share price for today is €12.80.
Balkan and Sea Properties Reit-Varna'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 €0.074.

* 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.


Balkan and Sea Properties Reit-Varna EV-to-FCF Related Terms


Balkan and Sea Properties Reit-Varna EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Balkan and Sea Properties Reit-Varna'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.

Balkan and Sea Properties Reit-Varna EV-to-FCF Chart

Balkan and Sea Properties Reit-Varna 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 -33.08 -1,242.45 352.53 25.39 74.34

Balkan and Sea Properties Reit-Varna 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 21.80 24.03 106.46 74.34 60.20

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

For the REIT - Diversified subindustry, Balkan and Sea Properties Reit-Varna'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.


Balkan and Sea Properties Reit-Varna EV-to-FCF vs REITs Industry

For the REITs industry and Real Estate sector, Balkan and Sea Properties Reit-Varna's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Balkan and Sea Properties Reit-Varna's EV-to-FCF falls into.


XBUL:BSP
54GF Score
Balkan and Sea Properties Reit-Varna XBUL:BSP
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Balkan and Sea Properties Reit-Varna EV-to-FCF Calculation

Balkan and Sea Properties Reit-Varna's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=108.005/1.794
=60.20

Balkan and Sea Properties Reit-Varna's current Enterprise Value is €108.01 Mil.
Balkan and Sea Properties Reit-Varna'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 €1.79 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 60.20 mean?
Balkan and Sea Properties Reit-Varna (XBUL:BSP) has a EV-to-FCF of 60.20 as of Jul. 14, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Balkan and Sea Properties Reit-Varna and its competitors. This is 135% above median its historical median of 25.58. According to the industry distribution chart, Balkan and Sea Properties Reit-Varna ranks #623 out of 739 companies in the REITs industry, placing it in the top 84.3%.
Is Balkan and Sea Properties Reit-Varna's EV-to-FCF too high?
Balkan and Sea Properties Reit-Varna's current EV-to-FCF of 60.20 is 135% above median its 10-year median of 25.58. The REITs industry median EV-to-FCF is 23.16. Balkan and Sea Properties Reit-Varna's value of 60.20 is 159.9% above this industry median. Based on the distribution chart, Balkan and Sea Properties Reit-Varna ranks #623 out of 739 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Balkan and Sea Properties Reit-Varna has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Balkan and Sea Properties Reit-Varna's EV-to-FCF compare to VICI and WPC?
According to the REITs industry distribution chart, Balkan and Sea Properties Reit-Varna ranks #623 out of 739 companies for EV-to-FCF. This places Balkan and Sea Properties Reit-Varna in the lower half of its industry. The industry median EV-to-FCF is 23.16. Balkan and Sea Properties Reit-Varna's value of 60.20 is 159.9% above this benchmark. While the company's 10-year median is 25.58 vs. the industry median of 23.16, Balkan and Sea Properties Reit-Varna 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. Balkan and Sea Properties Reit-Varna's current EV-to-FCF of 60.20 is 159.9% 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 Balkan and Sea Properties Reit-Varna 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. Balkan and Sea Properties Reit-Varna's current EV-to-FCF is 60.20, which is 135% above median its own 10-year median of 25.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Balkan and Sea Properties Reit-Varna stock overvalued right now?
Based on GuruFocus' analysis, Balkan and Sea Properties Reit-Varna (XBUL:BSP) is currently considered Significantly Undervalued. The stock's GF Value™ is €147.82, compared to a current price of €12.80 — trading 91.3% below its estimated fair value. The current EV-to-FCF is 60.20, which is 135% above median its 10-year median of 25.58 and 159.9% above the REITs industry median of 23.16. Balkan and Sea Properties Reit-Varna's overall GF Score™ is 54/100 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 Balkan and Sea Properties Reit-Varna (XBUL:BSP), the current EV-to-FCF is 60.20 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 Balkan and Sea Properties Reit-Varna (XBUL:BSP) Overvalued in 2026?

Based on GuruFocus' analysis, Balkan and Sea Properties Reit-Varna stock appears to be undervalued. The current stock price of €12.80 is trading 91.3% below its estimated GF Value™ of €147.82. GuruFocus considers Balkan and Sea Properties Reit-Varna to be Significantly Undervalued.

Key valuation signals for XBUL:BSP:

  • EV-to-FCF: 60.20 (135% above median its 10-year median of 25.58)
  • GF Value™: €147.82 vs. price of €12.80 (91.3% below fair value)
  • GF Score™: 54/100 with 6 warning signs
  • Industry Position: 159.9% above the REITs median (#623 of 739)

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


Balkan and Sea Properties Reit-Varna Business Description

Industry Real EstateREITs
Address 14 General Kolev Boulevard, Varna, BGR, 9000
Balkan and Sea Properties Reit-Varna is a real estate investment trust.
54GF Score

Get the complete analysis for XBUL:BSP

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

€12.80
Price
€147.82
GF Value