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 value. 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 an EV to EBITDA ratio of 23.08, also above 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 expectations.
In comparison to its peers, AGNC Investment Corp. has a P/E ratio of 28.50 and a PEG ratio of 0.00, while NNN REIT, Inc. shows a P/E of 20.13 and is classified as very attractive. Despite the attractive valuation grade, Terreno Realty Corp. has underperformed against the S&P 500, with a YTD return of -2.08% compared to the index's 16.30%, and a 5Y return of -2.18% against 109.18% for the S&P 500, highlighting a significant divergence in performance.