Is Terreno Realty Corp. overvalued or undervalued?

As of 5 September 2024, the valuation grade for Terreno Realty Corp. has moved from expensive to fair. Based on the analysis, the company appears to be fairly valued at this time. Key ratios include a P/E ratio of 31, an EV to EBITDA of 23.08, and a PEG ratio of 3.78, which suggest that while the company is not undervalued, it is also not overvalued compared to its recent performance.
In comparison to peers, Terreno Realty Corp. has a P/E ratio of 30.79, while AGNC Investment Corp. is very attractive at a P/E of 19.95, and Agree Realty Corp. is attractive at a P/E of 41.43. The company’s recent stock performance shows a slight decline of 1.59% year-to-date, compared to a 2.44% increase in the S&P 500, indicating that while it has underperformed the broader market, it remains in a fair valuation range relative to its peers.