
FR Valuation
First Industrial Realty Trust Inc
- Overview
- Forecast
- Valuation
- Earnings
FR Relative Valuation
FR's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, FR is overvalued; if below, it's undervalued.
Historical Valuation
First Industrial Realty Trust Inc (FR) is now in the Undervalued zone, suggesting that its current forward PE ratio of 30.12 is considered Undervalued compared with the five-year average of 40.31. The fair price of First Industrial Realty Trust Inc (FR) is between 51.09 to 75.07 according to relative valuation methord. Compared to the current price of 48.52 USD , First Industrial Realty Trust Inc is Undervalued By 5.02%.
Relative Value
Fair Zone
51.09-75.07
Current Price:48.52
5.02%
Undervalued
30.12
PE
1Y
3Y
5Y
Trailing
Forward
18.30
EV/EBITDA
First Industrial Realty Trust Inc. (FR) has a current EV/EBITDA of 18.30. The 5-year average EV/EBITDA is 22.28. The thresholds are as follows: Strongly Undervalued below 16.24, Undervalued between 16.24 and 19.26, Fairly Valued between 25.30 and 19.26, Overvalued between 25.30 and 28.33, and Strongly Overvalued above 28.33. The current Forward EV/EBITDA of 18.30 falls within the Undervalued range.
28.88
EV/EBIT
First Industrial Realty Trust Inc. (FR) has a current EV/EBIT of 28.88. The 5-year average EV/EBIT is 37.60. The thresholds are as follows: Strongly Undervalued below 25.36, Undervalued between 25.36 and 31.48, Fairly Valued between 43.73 and 31.48, Overvalued between 43.73 and 49.85, and Strongly Overvalued above 49.85. The current Forward EV/EBIT of 28.88 falls within the Undervalued range.
9.01
PS
First Industrial Realty Trust Inc. (FR) has a current PS of 9.01. The 5-year average PS is 11.66. The thresholds are as follows: Strongly Undervalued below 7.80, Undervalued between 7.80 and 9.73, Fairly Valued between 13.59 and 9.73, Overvalued between 13.59 and 15.52, and Strongly Overvalued above 15.52. The current Forward PS of 9.01 falls within the Undervalued range.
0.00
P/OCF
First Industrial Realty Trust Inc. (FR) has a current P/OCF of 0.00. The 5-year average P/OCF is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward P/OCF of 0.00 falls within the Strongly Undervalued range.
0.00
P/FCF
First Industrial Realty Trust Inc. (FR) has a current P/FCF of 0.00. The 5-year average P/FCF is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward P/FCF of 0.00 falls within the Strongly Undervalued range.
First Industrial Realty Trust Inc (FR) has a current Price-to-Book (P/B) ratio of 2.49. Compared to its 3-year average P/B ratio of 2.65 , the current P/B ratio is approximately -6.19% higher. Relative to its 5-year average P/B ratio of 2.93, the current P/B ratio is about -14.97% higher. First Industrial Realty Trust Inc (FR) has a Forward Free Cash Flow (FCF) yield of approximately 5.77%. Compared to its 3-year average FCF yield of 5.19%, the current FCF yield is approximately 11.28% lower. Relative to its 5-year average FCF yield of 4.69% , the current FCF yield is about 22.98% lower.
2.49
P/B
Median3y
2.65
Median5y
2.93
5.77
FCF Yield
Median3y
5.19
Median5y
4.69
Competitors Valuation Multiple
The average P/S ratio for FR's competitors is 7.57, providing a benchmark for relative valuation. First Industrial Realty Trust Inc Corp (FR) exhibits a P/S ratio of , which is -100.00% above the industry average. Given its robust revenue growth of 9.12%, this premium appears unsustainable.
P/S
P/E
EV/EBITDA
EV/EBIT
P/S
Revenue Growth
Market Cap

FR.N
First Industrial Realty Trust Inc
Loss
Average P/S: 7.57
9.12%
6.24B

STAG.N
STAG Industrial Inc
7.24
9.39%
6.50B

STWD.N
Starwood Property Trust Inc
Loss
-35.02%
6.05B

CDP.N
COPT Defense Properties
3.96
1.37%
3.14B

EPRT.N
Essential Properties Realty Trust Inc
Loss
24.98%
4.84B

TRNO.N
Terreno Realty Corp
11.52
19.08%
5.59B
Performance Decomposition
1Y
3Y
5Y
Market capitalization of FR decreased by 12.37% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 22.60 to 24.80.
The secondary factor is the Revenue Growth, contributed 9.12%to the performance.
Overall, the performance of FR in the past 1 year is driven by P/E Change. Which is more unsustainable.
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FAQ

Is First Industrial Realty Trust Inc (FR) currently overvalued or undervalued?
First Industrial Realty Trust Inc (FR) is now in the Undervalued zone, suggesting that its current forward PE ratio of 30.12 is considered Undervalued compared with the five-year average of 40.31. The fair price of First Industrial Realty Trust Inc (FR) is between 51.09 to 75.07 according to relative valuation methord. Compared to the current price of 48.52 USD , First Industrial Realty Trust Inc is Undervalued By 5.02% .

What is First Industrial Realty Trust Inc (FR) fair value?

How does FR's valuation metrics compare to the industry average?

What is the current P/B ratio for First Industrial Realty Trust Inc (FR) as of Aug 14 2025?

What is the current FCF Yield for First Industrial Realty Trust Inc (FR) as of Aug 14 2025?

What is the current Forward P/E ratio for First Industrial Realty Trust Inc (FR) as of Aug 14 2025?
