Industrial Logistics Properties Trust (ILPT)

Market price: $7.38

3 valuation methods

• EV / EBITDA: $0.00 to $34.17 (midpoint $1.24)
• P / B: $3.71 to $8.41 (midpoint $5.79)
• Price / FFO: $11.34 to $25.62 (midpoint $13.58)

Debt is most of what funds this company — its shares are about 10% of its total enterprise value. The enterprise-value bar here (1) 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.