Strawberry Fields REIT, Inc. (STRW)

Market price: $12.53

4 valuation methods

• P / E: $5.96 to $24.65 (midpoint $13.42)
• Price / FFO: $27.56 to $61.01 (midpoint $35.04)
• EV / Revenue: $48.06 to $90.29 (midpoint $52.88)
• EV / EBITDA: $55.01 to $118.83 (midpoint $85.25)

Debt is most of what funds this company — its shares are about 18% 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.