Is Farmland Partners, Inc. overvalued or undervalued?

As of 23 July 2025, the valuation grade for Farmland Partners, Inc. has moved from attractive to very attractive, indicating a positive shift in its perceived value. The company appears to be undervalued, supported by a P/E ratio of 9, a PEG ratio of 0.12, and a Price to Book Value of 1.14. In comparison to peers, New York Mortgage Trust, Inc. has a P/E of 6.74 and an EV to EBITDA of 0.88, while Armada Hoffler Properties, Inc. shows a P/E of 34.05 and an EV to EBITDA of 4.02, highlighting Farmland's relative attractiveness in the market.
Despite a YTD return of -5.87%, which lags behind the S&P 500's 12.22%, the company's long-term performance shows a 5Y return of 66.47%, suggesting potential for recovery and growth. Overall, these metrics reinforce the conclusion that Farmland Partners, Inc. is undervalued in the current market landscape.