Franklin Street Properties Corp (FSP)

Market price: $0.45

3 valuation methods

• Price / FFO: $0.34 to $1.06 (midpoint $0.59)
• EV / EBITDA: $0.00 to $2.57 (midpoint $1.15)
• EV / Revenue: $0.50 to $4.15 (midpoint $2.26)

Debt is most of what funds this company — its shares are about 17% of its total enterprise value. The enterprise-value bars here (2) value the whole business and then subtract the debt, so a small difference in the business's value becomes a large one per share. That is arithmetic, not a fault in the estimate, but it is why those ranges are wide.