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 assessment of its market position. The company appears to be undervalued, as evidenced by its P/E ratio of 31, which is higher than the peer average of 24.04, and an 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 in terms of its growth expectations compared to peers.
In comparison to its peers, AGNC Investment Corp. has a P/E of 28.50 and a PEG of 0.00, while NNN REIT, Inc. shows a P/E of 20.13 and a PEG of 0.00, both indicating more attractive valuations. Furthermore, Terreno Realty Corp.'s recent stock performance has lagged behind the S&P 500, with a year-to-date return of -3.40% compared to the index's 16.30%, reinforcing the notion that the stock may be undervalued relative to its growth potential.