Digital Realty TrustDLR -1.02%86 EV-to-OCF is 34.33 as of Jun. 24, 2026, which is 7% above its 10-year median of 32.07. GuruFocus rates DLR with a GF Score™ of 86/100 and a GF Value™ of $166.67 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 941 REITs companies, Digital Realty Trust ranks worse than 82.36% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Digital Realty Trust's Enterprise Value is $87,377 Mil.
Digital Realty Trust's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was $2,545 Mil. Therefore, Digital Realty Trust's EV-to-OCF for today is 34.33.
The historical rank and industry rank for Digital Realty Trust's EV-to-OCF or its related term are showing as below:
DLR'
s EV-to-OCF Range Over the Past 10 Years
Min: 22.8 Med: 32.07 Max: 43.3
Current: 34.33
During the past 13 years, the highest EV-to-OCF of Digital Realty Trust was 43.30. The lowest was 22.80. And the median was 32.07.
DLR's EV-to-OCF is ranked worse than 82.36% of 941
companies
in the REITs industry
Industry Median: 18.15
vs DLR: 34.33
EV-to-OCF 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.
Digital Realty Trust (NYSE:DLR) EV-to-OCF Explanation
EV-to-OCF 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.
Digital Realty Trust's PE Ratio (TTM) for today is calculated as:
Digital Realty Trust's share price for today is $193.02.
Digital Realty Trust'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 $3.790.
* 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. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Digital Realty Trust EV-to-OCF Related Terms
Digital Realty Trust EV-to-OCF Historical Data
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The historical data trend for Digital Realty Trust's EV-to-OCF 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.
For the REIT - Specialty subindustry, Digital Realty Trust's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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.
Digital Realty Trust EV-to-OCF vs REITs Industry
For the REITs industry and Real Estate sector, Digital Realty Trust's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Digital Realty Trust's EV-to-OCF falls into.
Digital Realty Trust's current Enterprise Value is $87,377 Mil.
Digital Realty Trust's Cash Flow from Operations 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 $2,545 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.
Digital Realty Trust (DLR) has a EV-to-OCF of 34.33 as of Jun. 24, 2026. This is near median its historical median of 32.07. Over the past decade, Digital Realty Trust's EV-to-OCF has ranged from 22.80 to 43.30. According to the industry distribution chart, Digital Realty Trust ranks #775 out of 941 companies in the REITs industry, placing it in the top 82.4%.
Is Digital Realty Trust's EV-to-OCF too high?
Digital Realty Trust's current EV-to-OCF of 34.33 is near median its 10-year median of 32.07. Over the past 10 years, this metric has ranged from a low of 22.80 to a high of 43.30. The REITs industry median EV-to-OCF is 18.15. Digital Realty Trust's value of 34.33 is 89.1% above this industry median. Based on the distribution chart, Digital Realty Trust ranks #775 out of 941 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Digital Realty Trust has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Digital Realty Trust's EV-to-OCF compare to AMT and CCI?
According to the REITs industry distribution chart, Digital Realty Trust ranks #775 out of 941 companies for EV-to-OCF. This places Digital Realty Trust in the lower half of its industry. The industry median EV-to-OCF is 18.15. Digital Realty Trust's value of 34.33 is 89.1% above this benchmark. Historically, Digital Realty Trust's own EV-to-OCF has ranged from 22.80 to 43.30 over the past decade. While the company's 10-year median is 32.07 vs. the industry median of 18.15, Digital Realty Trust 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-OCF for a REITs company?
The median EV-to-OCF among REITs companies is 18.15, based on 941 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Digital Realty Trust's current EV-to-OCF of 34.33 is 89.1% 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the REITs industry, the median EV-to-OCF is 18.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Digital Realty Trust's current EV-to-OCF is 34.33, which is near median its own 10-year median of 32.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Digital Realty Trust stock overvalued right now?
Based on GuruFocus' analysis, Digital Realty Trust (DLR) is currently considered Modestly Overvalued. The stock's GF Value™ is $166.67, compared to a current price of $193.02 — trading 15.8% above its estimated fair value. The current EV-to-OCF is 34.33, which is near median its 10-year median of 32.07 and 89.1% above the REITs industry median of 18.15. Digital Realty Trust's overall GF Score™ is 86/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Digital Realty Trust (DLR), the current EV-to-OCF is 34.33 as of Jun. 24, 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 Digital Realty Trust (DLR) Overvalued in 2026?
Based on GuruFocus' analysis, Digital Realty Trust stock appears to be overvalued.
The current stock price of $193.02 is trading 15.8% above its estimated GF Value™ of $166.67.
GuruFocus considers Digital Realty Trust to be Modestly Overvalued.
Key valuation signals for DLR:
EV-to-OCF: 34.33 (near median its 10-year median of 32.07)
GF Value™: $166.67 vs. price of $193.02 (15.8% above fair value)
Industry Position: 89.1% above the REITs median (#775 of 941)
No single metric tells the full story. See the DLR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Digital Realty is one of the leading providers of cloud- and carrier-neutral data centers, offering colocation and interconnection services to hyperscalers and large businesses. Digital Realty operates 300 properties in 57 metropolitan areas across 31 countries, serving 5,000 customers. Renting physical space accounts for about 90% of Digital Realty's revenue. The firm enables hyperscalers and other clients to store servers, data, and networking equipment. The other 10% of revenue is generated primarily through interconnection services (8%) and other fee income (2%).
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