Is Terreno Realty Corp. overvalued or undervalued?

As of 31 October 2025, the valuation grade for Terreno Realty Corp. moved from fair to attractive, indicating a more favorable outlook. The company appears to be undervalued, especially when considering its P/E ratio of 31, which is higher than the peer average of 24.04, and its EV to EBITDA ratio of 23.08, which also exceeds the peer average of 22.06. Additionally, the PEG ratio stands at 3.78, suggesting that the stock may be overvalued relative to its growth prospects.
In comparison to its peers, AGNC Investment Corp. has a P/E ratio of 28.50 and an EV to EBITDA of 2.67, while NNN REIT, Inc. shows a P/E of 20.13 and an EV to EBITDA of 10.00, highlighting that Terreno Realty Corp. is priced higher than some competitors. Furthermore, the company's stock has underperformed against the S&P 500 over multiple periods, with a 1-year return of -4.70% compared to the S&P 500's 19.89%, reinforcing the notion that the stock may be undervalued relative to its market performance.