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 positive shift in its perceived value. The company appears to be undervalued, particularly when considering its P/E ratio of 31, which is higher than the industry average, and an EV to EBITDA ratio of 23.08, suggesting a premium valuation compared to peers. Additionally, the PEG ratio stands at 3.78, highlighting potential growth concerns relative to its price.
In comparison to its peers, Terreno Realty Corp. has a P/E of 24.04, which is lower than AGNC Investment Corp.'s 28.50 but higher than NNN REIT, Inc.'s 20.13, indicating a mixed competitive position. The company's recent stock performance has lagged behind the S&P 500, with a 1-year return of -3.56% compared to the index's 19.89%, suggesting that while the valuation may be attractive, the market has not yet recognized this potential.