Is Agree Realty Corp. overvalued or undervalued?

Sep 20 2025 05:44 PM IST
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As of July 31, 2025, Agree Realty Corp. is considered overvalued with a fair valuation grade, reflected by its high P/E ratio of 41 and underperformance compared to the S&P 500, which has seen a year-to-date return of 1.53% versus the index's 12.22%.
As of 31 July 2025, Agree Realty Corp. has moved from an attractive to a fair valuation grade. The company appears to be overvalued based on its current metrics, including a P/E ratio of 41, an EV to EBITDA ratio of 15.54, and a Price to Book Value of 1.44. In comparison to peers, Lamar Advertising Co. has a more attractive P/E ratio of 29.79, while Federal Realty Investment Trust has a fair valuation with a P/E of 25.64.

The stock has underperformed relative to the S&P 500, with a year-to-date return of 1.53% compared to the index's 12.22%, and a one-year return of -5.43% versus 17.14% for the S&P 500. This trend reinforces the notion that Agree Realty Corp. is currently overvalued in the market.
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