BFS (Saul Centers) Intrinsic Value: Projected FCF: $55.81 (As of Aug. 13, 2026) — 7341% 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.

BFS Saul Centers Inc BFS
75 GF Score
Price $35.00
GF Value $40.90
Valuation Modestly Undervalued
! 9 Warning Signs
View Full Analysis

What is Saul Centers Intrinsic Value: Projected FCF?

Saul Centers BFS +1.74% 75 Intrinsic Value: Projected FCF is $55.81 as of Aug. 13, 2026, which is 7341% above its 10-year median of 0.75. GuruFocus rates BFS with a GF Score™ of 75/100 and a GF Value™ of $40.90 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 618 REITs companies, Saul Centers ranks better than 56.63% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-08-13), Saul Centers's Intrinsic Value: Projected FCF is $55.81. The stock price of Saul Centers is $35.00. Therefore, Saul Centers's Price-to-Intrinsic-Value-Projected-FCF of today is 0.6.

The historical rank and industry rank for Saul Centers's Intrinsic Value: Projected FCF or its related term are showing as below:

BFS' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.51   Med: 0.75   Max: 2.65
Current: 0.63

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Saul Centers was 2.65. The lowest was 0.51. And the median was 0.75.

BFS's Price-to-Projected-FCF is ranked better than
56.63% of 618 companies
in the REITs industry
Industry Median: 0.675 vs BFS: 0.63

Saul Centers  (NYSE:BFS) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Saul Centers's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=35.00/55.813653022174
=0.63

* 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.


Saul Centers Intrinsic Value: Projected FCF Related Terms


Saul Centers Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Saul Centers's Intrinsic Value: Projected 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.

Saul Centers Intrinsic Value: Projected FCF Chart

Saul Centers Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 54.56 55.58 55.25 55.65 54.59

Saul Centers Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Intrinsic Value: Projected 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 54.53 53.85 54.59 54.92 55.81

BFS vs WSR, ALX, PINE: Intrinsic Value: Projected FCF Comparison

For the REIT - Retail subindustry, Saul Centers's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-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.


Saul Centers Price-to-Projected-FCF vs REITs Industry

For the REITs industry and Real Estate sector, Saul Centers's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Saul Centers's Price-to-Projected-FCF falls into.


BFS
75GF Score
Saul Centers Inc BFS
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Saul Centers Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Saul Centers's Free Cash Flow(6 year avg) = $110.51.

Saul Centers's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Jun26)*0.8)/Shares Outstanding (Diluted Average)
=(10.195616806174*110.51264+295.909*0.8)/24.429
=55.81

* 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.

What does a Intrinsic Value: Projected FCF of $55.81 mean?
Saul Centers (BFS) has a Intrinsic Value: Projected FCF of $55.81 as of Aug. 13, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Saul Centers and its competitors. This is 7341% above median its historical median of 0.75. Over the past decade, Saul Centers' Intrinsic Value: Projected FCF has ranged from 0.51 to 2.65. According to the industry distribution chart, Saul Centers ranks #268 out of 618 companies in the REITs industry, placing it in the top 43.4%.
Is Saul Centers' Intrinsic Value: Projected FCF too high?
Saul Centers' current Intrinsic Value: Projected FCF of $55.81 is 7341% above median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 2.65. The REITs industry median Intrinsic Value: Projected FCF is 0.68. Saul Centers' value of $55.81 is 8168.1% above this industry median. Based on the distribution chart, Saul Centers ranks #268 out of 618 companies in the REITs industry, which is above the industry midpoint. Overall, Saul Centers has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Saul Centers' Intrinsic Value: Projected FCF compare to WSR and ALX?
According to the REITs industry distribution chart, Saul Centers ranks #268 out of 618 companies for Intrinsic Value: Projected FCF. This puts Saul Centers in the upper half of its industry. The industry median Intrinsic Value: Projected FCF is 0.68. Saul Centers' value of $55.81 is 8168.1% above this benchmark. Historically, Saul Centers' own Intrinsic Value: Projected FCF has ranged from 0.51 to 2.65 over the past decade. While the company's 10-year median is 0.75 vs. the industry median of 0.68, Saul Centers 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 Intrinsic Value: Projected FCF for a REITs company?
The median Intrinsic Value: Projected FCF among REITs companies is 0.68, based on 618 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Saul Centers's current Intrinsic Value: Projected FCF of $55.81 is 8168.1% 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 Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Saul Centers and its competitors. For the REITs industry, the median Intrinsic Value: Projected FCF is 0.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saul Centers's current Intrinsic Value: Projected FCF is $55.81, which is 7341% above median its own 10-year median of 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saul Centers stock overvalued right now?
Based on GuruFocus' analysis, Saul Centers (BFS) is currently considered Modestly Undervalued. The stock's GF Value™ is $40.90, compared to a current price of $35.00 — trading 14.4% below its estimated fair value. The current Intrinsic Value: Projected FCF is $55.81, which is 7341% above median its 10-year median of 0.75 and 8168.1% above the REITs industry median of 0.68. Saul Centers' overall GF Score™ is 75/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Saul Centers (BFS), the current Intrinsic Value: Projected FCF is $55.81 as of Aug. 13, 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 Saul Centers (BFS) Overvalued in 2026?

Based on GuruFocus' analysis, Saul Centers stock appears to be undervalued. The current stock price of $35.00 is trading 14.4% below its estimated GF Value™ of $40.90. GuruFocus considers Saul Centers to be Modestly Undervalued.

Key valuation signals for BFS:

  • Intrinsic Value: Projected FCF: $55.81 (7341% above median its 10-year median of 0.75)
  • GF Value™: $40.90 vs. price of $35.00 (14.4% below fair value)
  • GF Score™: 75/100 with 9 warning signs
  • Industry Position: 8168.1% above the REITs median (#268 of 618)

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


Saul Centers Business Description

Industry Real EstateREITs
Other Exchanges BFSpE.PFD:USABFSpD.PFD:USA
Address 7501 Wisconsin Avenue, Suite 1500 East, Bethesda, MD, USA, 20814-6522
Saul Centers Inc is a self-managed real estate investment trust which invests in, operates and develops retail and commercial properties. The company's portfolio includes community and neighbourhood shopping centres, office properties, and mixed-use properties. Properties are located in the Washington, D.C. and Batlimore metropolitan areas. Saul Centers operates through two business segments: Shopping Centers segment, which contribute the maximum portion of total revenue; and mixed-use properties.Mixed-Use Properties segment include office, retail and multi-family residential use.
75GF Score

Get the complete analysis for BFS

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

$35.00
Price
$40.90
GF Value