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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.
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.
The historical rank and industry rank for First Real Estate Investment Trust's Intrinsic Value: Projected FCF or its related term are showing as below:
FESNF'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.16 Med: 0.49 Max: 0.76
Current: 0.41
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of First Real Estate Investment Trust was 0.76. The lowest was 0.16. And the median was 0.49.
FESNF's Price-to-Projected-FCF is ranked better than 78.57% of 616
companies
in the REITs industry
Industry Median: 0.66
vs FESNF: 0.41
First Real Estate Investment Trust (OTCPK:FESNF) 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.
First Real Estate Investment Trust's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
0.19
/
0.39784193092269
=
0.48
* 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.
First Real Estate Investment Trust Intrinsic Value: Projected FCF Related Terms
First Real Estate Investment Trust Intrinsic Value: Projected FCF Historical Data
* 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.
First Real Estate Investment Trust Intrinsic Value: Projected FCF Chart
FESNF vs WELL, VTR, DOC: Intrinsic Value: Projected FCF Comparison
For the REIT - Healthcare Facilities subindustry, First Real Estate Investment Trust'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.
First Real Estate Investment Trust Price-to-Projected-FCF vs REITs Industry
For the REITs industry and Real Estate sector, First Real Estate Investment Trust's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where First Real Estate Investment Trust's Price-to-Projected-FCF falls into.
First Real Estate Investment Trust 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.
* 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 $0.46 mean?
First Real Estate Investment Trust (FESNF) has a Intrinsic Value: Projected FCF of $0.46 as of Aug. 31, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on First Real Estate Investment Trust and its competitors. According to the industry distribution chart, First Real Estate Investment Trust ranks #132 out of 616 companies in the REITs industry, placing it in the top 21.4%.
Is First Real Estate Investment Trust's Intrinsic Value: Projected FCF too high?
First Real Estate Investment Trust's current Intrinsic Value: Projected FCF is $0.46. The REITs industry median Intrinsic Value: Projected FCF is 0.66. First Real Estate Investment Trust's value of $0.46 is 30.3% below this industry median. Based on the distribution chart, First Real Estate Investment Trust ranks #132 out of 616 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, First Real Estate Investment Trust has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does First Real Estate Investment Trust's Intrinsic Value: Projected FCF compare to WELL and VTR?
According to the REITs industry distribution chart, First Real Estate Investment Trust ranks #132 out of 616 companies for Intrinsic Value: Projected FCF. This places First Real Estate Investment Trust in the top 21% of its industry — outperforming the majority of peers. The industry median Intrinsic Value: Projected FCF is 0.66. First Real Estate Investment Trust's value of $0.46 is 30.3% below this benchmark. 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 0.66, based on 616 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. First Real Estate Investment Trust's current Intrinsic Value: Projected FCF of $0.46 is 30.3% 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 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 First Real Estate Investment Trust and its competitors. For the REITs industry, the median Intrinsic Value: Projected FCF is 0.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Real Estate Investment Trust's current Intrinsic Value: Projected FCF is $0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Real Estate Investment Trust stock overvalued right now?
First Real Estate Investment Trust (FESNF) has a current Intrinsic Value: Projected FCF of $0.46. The stock's GF Value™ is $0.21, compared to a current price of $0.19 — trading 9.5% below its estimated fair value. The current Intrinsic Value: Projected FCF is $0.46 and 30.3% below the REITs industry median of 0.66. First Real Estate Investment Trust's overall GF Score™ is 34/100 with 7 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 First Real Estate Investment Trust (FESNF), the current Intrinsic Value: Projected FCF is $0.46 as of Aug. 31, 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 First Real Estate Investment Trust (FESNF) Overvalued in 2026?
Based on GuruFocus' analysis, First Real Estate Investment Trust stock appears to be undervalued.
The current stock price of $0.19 is trading 9.5% below its estimated GF Value™ of $0.21.
Key valuation signals for FESNF:
Intrinsic Value: Projected FCF: $0.46
GF Value™: $0.21 vs. price of $0.19 (9.5% below fair value)
Industry Position: 30.3% below the REITs median (#132 of 616)
No single metric tells the full story. See the FESNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Real Estate Investment Trust is a healthcare real estate investment trust focused on investing in diverse yield-accretive healthcare and healthcare-related real estate assets within and outside of Asia. The Trust has a portfolio of 32 properties across Asia. These include 15 properties in Indonesia comprising 11 hospitals, two integrated hospitals & malls, one integrated hospital & hotel, and one hotel & country club; three nursing homes in Singapore; and 14 nursing homes in Japan.
34GF Score
Get the complete analysis for FESNF
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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